If you’re thinking of adding a furry friend to the family, you’ll be in good company: 70% of U.S. households have a pet, according to the 2021-2022 American Pet Products Association National Pet Owners Survey. But as cute as pets are, they’re a financial commitment. Americans spent $103.6 billion on their pets in 2020 alone, APPA says.
Some expenses, like food and shelter, are predictable. But if your new puppy or kitten gets sick or injured, an unexpected medical bill can derail your budget. For a growing number of Americans, pet insurance provides peace of mind.
The cost of veterinary care
Medical problems are almost inevitable for pets, and costs are likely to rise, says Kristen Lynch, executive director of the North American Pet Health Insurance Association, or NAPHIA.
“The fact that there’s continued innovation in the medical care of pets — just like there is for humans — means that the cost of those innovations will continue to go up,” she says.
Dog owners spend an average of $242 on routine visits and $458 on surgical visits each year, according to APPA. The cost for cat owners is slightly lower, at $178 for routine visits and $201 for surgical visits.
“I’d say at least half of the clients I come in contact with have money concerns,” Dr. TB Thompson, a Phoenix-based veterinarian at Natural Pets HQ, said in an email. “When pets get into complicated, life-threatening medical trouble, costs add up fast.”
How pet insurance can reduce surprise bills
Pet insurance won’t reimburse you for every vet expense, but it can help prevent you from being slapped with a big bill.
A policy will typically pay 70% to 90% of your costs after you pay a deductible, which can range from $0 to $1,000 or more.
“Consider buying pet insurance unless you can easily fund treating a pet emergency that costs $2,500 and up,” Thompson says.
There are a few types of pet insurance plans. Comprehensive plans, the most robust, help cover the cost of care due to accidents, illnesses and surgeries, as well as vaccinations and diagnostic tests. Accident and illness coverage helps pay for emergency care, surgeries, hospitalizations and prescription medications, while accident-only policies help cover expenses after an accident. Some insurers also offer wellness plans, which take care of certain tests, exams, vaccinations and preventive treatments.
Getting the best deal on pet insurance
In Lynch’s view, some pet insurance is better than none.
“People avoid taking their pets to the vet because they’re afraid of what those costs will be,” she says. “I like to think pet insurance gives us the ability to say ‘yes’ to those decisions at a time when we’re emotional, stressed and financially strapped about other things.”
While pet insurance can stop you from dipping into your savings to pay a vet bill, it is an added cost.
The average cost of an accident and illness policy is $594 per year for dogs and $342 for cats, according to NAPHIA. For an accident-only policy, you could pay $218 for dogs and $134 for cats.
Premiums are based on a range of factors, including:
- Where you live. The cost of veterinary care varies by region.
- Species. Dogs are more expensive to insure than cats, for example. Coverage for other types of animals is rare.
- Breed. Some breeds are predisposed to medical conditions, which can increase the cost of coverage.
- Age. As pets age, they’re more likely to be ill or become injured, Lynch says. Keep this in mind if you plan to adopt an older pet from a shelter this holiday season.
As a new pet owner, many of these factors are out of your control. But there are a few things you can do to score a lower premium:
- Look at the fine print: Consider choosing a higher deductible and lower reimbursement level.
- Check for discounts: Some companies offer discounts for insuring multiple pets or for military service.
- Shop around: There are around 20 pet insurers in the U.S. competing for your business, so let them. Compare quotes from three insurers for the same amount of coverage, and go with the best pet insurance company for your budget.
These 10 houseplants are safe for your pet
Keeping pets safe while adding beauty
While houseplants have the ability to bring life to a room and purify the air, a drawback is that many houseplants are toxic to animals. Here are 10 plants that add beauty to your home without worry.
First, keep in mind that while many plants are technically safe for cats and dogs, it’s best to eliminate temptation and place all houseplants out of reach. This will prevent possible tummy aches and digestive problems in your pets. If a pet ever does ingest a plant, make sure to watch them closely for signs of a negative reaction. Just because a plant is nontoxic for cats and dogs doesn’t mean ingesting it will make them feel good.
Want pet-safe houseplants with blooms? Look no further than African violet. This versatile, hardworking houseplant is right at home with your pets. It comes in a range of purple hues, and it’s low maintenance and thrives without bright light.
The variegated gray-and-green leaves of this plant make it an attractive option for the home. It’s one of many great easy-care houseplants safe for pets.
Unlike their dangerous holiday counterpart amaryllis, Christmas cacti are not poisonous for pets like cats and dogs. The cactus may cause intestinal discomfort if ingested, but overall it’s a safer choice than many other festive plants.
This plant is named for the ease with which it can be divided and shared—so if you happen to receive such a gift, rest assured it’s safe for your cats and dogs. But beware, pets may be especially drawn to the fuzzy, crinkly leaves.
Certain kinds of herbs
Indoor herb gardens are an easy, fun way to add fresh flavor to your cooking. But not all herbs are created equal when it comes to pet safety. Standards like lavender and oregano are off-limits, but pets are fine around basil, sage and thyme.
This quirky plant has blooms that resemble tubes of lipstick, and is safe for cats and dogs alike. A native of the tropics, it thrives in bright light and loves being outside in the warmer months.
This is the perfect solution for pet owners looking to add a small tree indoors. Safe for cats and dogs, it’s also great for green-thumb beginners.
Polka dot plant
This plant is perfect for adding a fun splash of pattern to miniature gardens, terrariums, mixed containers and more. Available in colors such as white and pink, it’s as versatile as it is whimsical.
Topping out at 6 to 8 inches, this plant is ideal for small spaces such as bookshelves and end tables. Its red, cream and green leaves curl up at night, giving it its name. What’s more, it’s one of the easiest houseplants you can grow.
Many of the most popular succulents — including hens and chicks, echeveria and rosettes — aren’t problematic. However, with so many varieties on the market, it’s best to research each individual plant.