2013 List of Most Popular States for Pet Insurance
Posted on March 4, 2014 under Industry News
BOISE, Idaho – Pets Best Insurance Services, LLC (Pets Best), a leading U.S. pet insurance agency, today released its list of the 10 most popular states for pet insurance. The list was compiled based on the number of dogs and cats enrolled with the pet insurance agency in 2013.
Although the U.S. pet insurance industry continues to grow, some countries have significantly higher rates of enrollment. An estimated 3 percent of dog owners and 1 percent of cat owners in the U.S. have pet insurance, according to the American Pet Products Association 2009-2010 National Pet Owners Survey.1 However, 54 percent of dogs and 34 percent of cats in the United Kingdom had pet insurance in 2012, according to recent data from Timetric, an independent economic and business research firm.2
“While pet insurance is more popular in some other parts of the world, a growing number of American pet owners are recognizing the financial and emotional benefits of insuring their four-legged family members,” said Dr. Jack Stephens, president and founder of Pets Best. “As an organization, we have noticed that our coverage options are extremely popular in certain states, with California topping the lists for both dogs and cats.”
In addition to California, six other states ranked in the top 10 lists for both dog and cat enrollment through Pets Best. Pets Best offers pet insurance in all 50 states and Washington, D.C.
Top 10 States for Dog Insurance
3. New York
5. New Jersey
Top 10 States for Cat Insurance
2. New York
4. New Jersey
The states with the lowest dog enrollment in 2013 included Wyoming, South Dakota and North Dakota. The states with the fewest cat policies were South Dakota, Montana and Vermont.
Pet insurance has been available in the U.S. for more than 30 years. The industry was launched in the U.S. in the early 1980s by Dr. Stephens, who created the nation’s first pet insurance company and issued the first policy to celebrity dog Lassie. As a veterinarian, Dr. Stephens started the industry in an effort to reduce economic euthanasia, when pet owners have their animals put to sleep as a result of the costs associated with veterinary care.
For more information about Pets Best, visit www.petsbest.com.
(1) American Pet Products Association 2009-2010 National Pet Owners Survey.
(2) Timetric Report: Pet Insurance in the UK, Key Trends and Opportunities to 2017
About Pets Best Insurance Services, LLC
Dr. Jack L. Stephens, president of Pets Best, founded pet insurance in the U.S. in 1981 with a mission to end euthanasia when pet owners couldn’t afford veterinary treatment. Dr. Stephens went on to present the first U.S. pet insurance policy to famous television dog Lassie. Pets Best provides coverage for dogs and cats and is the only veterinarian founded and operated pet insurance agency in the United States. Dr. Stephens leads the Pets Best team with his passion for quality pet care and his expert veterinary knowledge. He is always available to answer questions regarding veterinarian medicine, pet health and pet insurance. The Pets Best team is a group of pet lovers who strive to deliver quality customer service and value. Visit www.petsbest.com for more information.
Pet insurance coverage offered and administered by Pets Best Insurance Services, LLC is underwritten by Independence American Insurance Company, a Delaware insurance company. Independence American Insurance Company is a member of The IHC Group, an organization of insurance carriers and marketing and administrative affiliates that has been providing life, health, disability, medical stop-loss and specialty insurance solutions to groups and individuals for over 30 years. For information on The IHC Group, visit: www.ihcgroup.com. Additional insurance services administered by Pets Best Insurance Services, LLC are underwritten by Prime Insurance Company. Some existing business is underwritten by Aetna Insurance Company of Connecticut. Each insurer has sole financial responsibility for its own products.
Pets Best is a proud member of the North America Pet Health Insurance Association (NAPHIA).