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Insurance for Pets

Some pet owners spend more than $ 2,000 a year on their dogs – Insurance for Pets


Owning a dog can take a huge chunk of your budget – as some new pandemic dog parents are finding out.

Springfield, Oregon behavior specialist Angel Matthews was one of many Americans to bring home a puppy this spring, as it was sheltering in place and working remotely to stop the spread of the coronavirus – or, in Matthews’ case, getting time off – has given many people who would otherwise be away from work all day the chance to take care of pets at home.

But her coonhound / chow Cookie mix was more expensive than expected: sterilization and vaccinations alone cost over $ 700, she told MarketWatch. “The prices are considerably higher because of the pandemic,” she said, perhaps because vets are seeing a boom in business. Still, she thinks Cookie’s health and camaraderie are priceless. « I have a great dog by my side, » she said. And as she explained previously, « We needed each other in this crazy mess. »

Read more:« We needed each other in this crazy mess. » Is the pandemic the right time to save a dog?

Matthews is not alone: ​​Animal rescues and shelters have seen an increase in the number of people who have taken in and adopted dogs and cats during the pandemic. The Los Angeles Society for the Prevention of Cruelty to Animals told the Washington Post that adoptions were double their usual rate at the end of June, with 10 to 13 per day. On the East Coast, one in four people who had started feeding dogs at Animal Care Centers in New York “temporarily” at the start of the pandemic had adopted them permanently by the end of June; Usually, only one in 10 chooses to make their foster home a permanent home. The New York ACC told MarketWatch in March it had received more than 5,000 pet requests in just a few weeks.

But what new pet parents might not realize is how much it takes to scratch to keep a puppy. The annual cost can range from $ 650 to $ 2,115, on average, according to the new Rover.com report released Wednesday on National Dog Day. This comes down to $ 54 to $ 176 per month.

Still, nearly half of pet parents (47%) in the new survey admitted they spent nearly $ 3,400 on their dogs each year. This is probably because most of the dog owners in the survey (58%) said they still don’t have a designated budget for their four-legged friend, so it’s easy for the expenses to add up. .

These costs include food ($ 200 to $ 1,000 per year, according to data from Rover.com), routine vet visits ($ 210), flea and tick prevention (up to $ 200) and poop bags (up to $ 60). And that doesn’t include extra charges like emergency vet bills (which can run up to $ 1,500 per year or more), dog training ($ 90 per session), and pet insurance (up to $ 1,500 per session). ‘at $ 1,800 per year).

And bringing home a pandemic puppy, or owning a dog for the first time, comes with its own bundle of bills, Rover.com notes, like adoption fees ($ 50 to $ 500, well that this sometimes includes neutering or neutering the puppy); vaccinations ($ 75 to $ 100); a case ($ 30 to $ 150); and puppy training mat ($ 10 to $ 50).

There is clearly a wide range of expenses for a pet, which can depend on the size and breed of the dog, as well as its own lifestyle. (Like the people who spend thousands of dollars on puppy janitorial services to find the perfect dog, for example.) Indeed, just under a third of dog owners surveyed told Rover.com that they budgeted $ 100 or less on pet expenses for their puppy each month, and the more budget-conscious survey participants were able to keep their overall costs under $ 1,000 per year, using hacks like making their own pet toys or switching to cheaper dog food.

Related:Americans are ready to destroy their financial future in the name of their pets

But many people have a weakness for worshiping man’s best friend. The American Pet Products Association has reported a steady increase in what people spend on their dogs over the past few years. Americans lost $ 95.7 billion on their pets in 2019, including $ 36.9 billion in food and treats. The APPA predicts that people will spend another $ 99 billion on their dogs this year, even as the pandemic puts a damper on many people’s budgets as millions of Americans remain out of work. Indeed, even though Gen X pet owners in particular have told APPA they are concerned about the expense of pet ownership during COVID-19, a higher percentage High of them also reported spending more money on their pet over the past month. .