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Facts + Statistics: Pet Ownership and Insurance
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Pet insurance
According to the North American Pet Health Insurance Association, (NAPHIA), pet insurance has existed outside the U.S. since the early 1900’s. Lassie, the famous TV collie, received the first pet insurance policy issued in the U.S. in 1982.
NAPHIA’s State of the Industry Report 2024 Highlights states that the total premium volume for pet insurance in the U.S. was $3.9 billion in 2023. The total number of pets insured in the U.S. at year-end 2023 was nearly 5.7 million, a 17 percent increase over 2022. The average accident and illness premium for dogs was $676 a year or $56 a month. The average accident and illness premium for cats was $383 a year or $32 a month. The largest share of insured pets reside in California, New York, and Florida. Dogs comprised the largest category of insured pets (80 percent versus cats at 20 percent).
Pet ownership in the United States
An estimated seventy-one percent of U.S. households, or about 94 million families, own a pet, according to the 2024-2025 National Pet Owners Survey conducted by the American Pet Products Association (APPA). This is up from 56 percent of U.S. households in 1988, the first year the survey was conducted.
Total pet industry expenditures in the U.S. totaled $152 billion in 2024, up 3.4 percent from $147 billion in 2023.
Number Of U.S. Households That Own A Pet, by Type Of Animal
(millions)
|
Source: American Pet Products Association's 2024-2025 National Pet Owners Survey.
Total U.S. Pet Industry Expenditures, 2016-2025 (1)
($ billions)
|
(1) Includes food, supplies and over-the-counter medicine, veterinary care, live animal purchases and grooming and boarding.
(2) Expenditures for 2024 and 2025 are estimated from the American Pet Products Association's 2024-2025 National Pet Owners Survey.
Source: American Pet Products Association's National Pet Owners Surveys.
