Consumer Reports analyzed policies from three providers to determine whether pet insurance was a good deal. The analysis was done using one dog and one cat.
Source: Consumer Reports, May 2016.
The insurance trade group says that accident and illness coverage per year averaged $473 for dogs and $285 for cats in 2014. Accident-only policies ran $158 and $132, respectively.
Also see: 5 surprising facts about pet insurance, December 2, 2015.