For pet owners, the last few years have been rough. Between the price of food and supplies, vet bills, and the cost of grooming, it’s no wonder that many owners are feeling the crunch of inflation. But what some might not realize is that this problem isn’t going away anytime soon, and it’s only going to get worse.

According to a recent Forbes Advisor survey, 49% of dog-only pet owners said that inflation has forced them to reduce the amount they spend on their dogs each month. This is a startling number, and it shows just how important it is for pet owners to make sure they have pet insurance. 

Pet insurance can cover the cost of routine checkups, vaccinations, emergency visits, and more, so you won’t have to worry about paying for your pet’s medical care out-of-pocket. 

Reduce the Financial Strain of Treatments

Are you a pet owner?

If so, then you’re probably aware that it’s becoming increasingly difficult to pay for your animals’ medical treatments. A recent survey revealed that 46% of American pet owners have had to postpone or deny veterinary procedures or treatments for their animals due to inflation.

And if that’s not enough to make you feel stressed out, consider these statistics: dental procedures are the most frequently postponed procedure (20%), followed by X-ray imaging (16%), spaying/neutering (14%), and ear infection treatment (14%).

Pet insurance is a great way to take care of your furry friends, and it’s especially helpful when they’re sick. Taking them to the vet will get expensive, so having an insurance policy in place can help you avoid the costs of treatments if things get really bad.

If your pet has been diagnosed with a chronic disease like cat or dog cancer, pet insurance can help you pay for treatment without breaking the bank. These factors sum up one thing: pet insurance is a necessity, especially during inflation when pet owners even struggle to keep up with their own finances, let alone pet care. 

Minimize Expenses on Veterinary Visits

Have you ever wondered how much it would cost to get your pet’s teeth cleaned? Or how much you could be saving if you had pet insurance? However, it’s more important to know how these costs impact pet care during inflation than to know the exact cost of these vet care services. 

According to the U.S. Department of Labor, annual inflation for pet services, including veterinary care, increased by 5.8% in 2022. With this kind of increase, it’s no surprise that owners are bearing the brunt of these costs.

With these figures in mind, it’s not surprising that many pet owners are forced to pay an exorbitant amount for vet visits out-of-pocket as needed. However, pet insurance can help cover associated medical bills when your pet gets hurt or faces any illnesses. This is especially helpful if you don’t have a lot of extra cash lying around to pay for emergency vet visits.

Pet insurance can help you get the care your furry friend needs while still keeping your wallet in check by covering the costs of regular checkups and treatments. 

Prevent Debt in Case of Emergency

Being a pet owner, you are aware that your four-legged companions are more than just creatures. They’re family. But when the cost of caring for them increases, it can be hard to keep up with emergency expenses. 

During inflation, many pet owners have found that they can’t afford the care their pets need. This can lead to debt and financial hardship. The LendingTree survey exposes this reality, with nearly 23% of pet owners have fallen into debt due to direct pet-related costs. In the case of a $1,000 pet-related emergency expense, 70% of owners said they wouldn’t be able to pay the bill out of pocket and would need to use some type of credit to pay for some part.

With all the things that can go wrong with your furry friend, it’s clear that insurance is an essential part of being responsible as a pet owner. It provides peace of mind knowing that you can afford any medical treatment or emergency care for your dog or cat without fear of going broke in the process.

It’s clear that pet insurance is an essential tool for pet owners. It can help them avoid debt and enable them to pay for their pets’ healthcare needs without having to worry about how they’ll come up with the money.

Summing Up

We know you’re busy, and we don’t want to add another thing to your list.

But we think you’ll agree that pet insurance is worth it, especially when inflation is on the rise. As per a recent survey, 22% of pet owners said they would likely purchase pet insurance during inflation.

If you’re a pet owner, now is the time to get your furry friend covered by purchasing a pet insurance policy.