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Costs Driving Pet Insurance Surge

By Mary Ellen Murphy Nov 6, 2026 | 7:52 AM

(Undated) – The rising cost of veterinary care is pushing more Americans to buy pet insurance. The North American Pet Health Insurance Association found seven-million pets were covered by insurance policies in 2025. That’s up nine-percent from the previous year, and 76-percent from five years ago. Prices jumped after advances in animal medicine gave owners access to treatments that were uncommon or unavailable a decade ago.

Pet insurance is becoming the fastest-growing property and casualty insurance business line, with premiums projected to rise 17-percent in 2026.

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