Dogs make great pets, so it's no wonder so many people choose to adopt a dog. If you want a pampered furry partner, a dog is the perfect choice. However, before getting a pet, it is essential to consider your financial situation so that you can properly care for your new friend.
Some pet parents invest in pet insurance to cover the cost of care. If you're considering adopting a dog from a local shelter, you may want to look into pet insurance first. Let's take a closer look at how much dog parents spend on pet insurance.
Pet insurance should be considered as an additional expense
Owning a dog comes with a lot of costs. Pet insurance is not required, but it may be helpful. Pet owners can use pet insurance to get reimbursed for eligible pet expenses, such as medical expenses. You may feel more secure if you purchase insurance before getting a dog. Insurance coverage varies, so compare policies and research multiple pet insurance companies to find the right coverage for your pet.
Fur parents spend up to $1,200 each year on dog insurance
Rover's “The Cost of Dog Parenting in 2024” looked at how much the average pet owner is spending on dog care. The study looked at a variety of costs, including pet insurance. According to this survey, 45% of dog owners have pet insurance. He found that 93% of people who buy pet insurance think it's worth the expense.
How much do dog moms and dads pay for pet insurance? They pay $10 to $100 per month or $120 to $1,200 annually to insure their dog. This is a very wide range, but it shows that pet insurance can be expensive. Before purchasing coverage, it's wise to carefully research pet insurance options and insurance prices to know what to expect.
A pet illness or emergency can have a big impact on your wallet
No one expects their dog to get sick or have an emergency situation. Unfortunately, these situations can and often do happen when we least expect it. If they need your help, you want to have confidence that you can provide them with the best care possible.
If you don't have a large emergency fund, dealing with the cost of an emergency visit to the veterinarian can be stressful. The last thing you want is the stress of a high credit card charge. If you don't pay your statement balance in full, you risk accumulating credit card debt. The good news is that you can prepare for an unexpected vet bill before it happens.
Many new pet owners purchase pet insurance before welcoming their new friend. Having the right pet insurance can reduce the financial stress of having to deal with a pet emergency. This allows you to fully focus your time and attention on your pet's needs.
dog is a promise
Dogs are very loving creatures and make wonderful family members. However, be careful not to make impulsive decisions. According to research by Rover, the cost of caring for a dog can range from a total of $870 to $4,565 per year from the time you start owning the dog.
Before you become a dog mom or dad, the best strategy is to review your finances and find out how much it costs to care for an average dog before bringing home a new furry family member. To learn more about pet insurance, check out our free pet insurance resources.
