AVERAGE MONTHLY COST OF PET INSURANCE: 6 Dogs $39 Cats $23 Birds $12 Exotic pets $10 $7 Reptiles Pet owners spend billions of dollars on their pets every year Pet expenditure in the U.S. was 3x greater than the entire gross domestic product of Iceland in 2017 $69.51 billion Pet expenditure in 2017 1 ADDITIONAL PET SPENDING Percentage of pet owners who significantly underestimate the lifetime cost of pet ownership 3 Percent increase in spending on pets over the last decade 5 Surgical vet visits Routine vet visits Food Treats Kennel boarding Vitamins Groomer or grooming aids Toys 1 http://www.statisticbrain.com/pet-ownership-statistics/ 2 http://www.statisticbrain.com/countries-ranked-by-purchasing-power-parity/ 3 http://www.bls.gov/opub/btn/volume-2/spending-on-pets.htm • http://www.americanpetproducts.org/press_industrytrends.asp 4 http://www.marketwatch.com/story/pack-mentality-more-people-than-ever-are-traveling-with-pets-1339515016100 5 http://www.americanpetproducts.org/press_industrytrends.asp 6 Sample canine and feline premiums reflect My Pet Protection Plan premiums across all states, with a $250 annual deductible. Sample avian, exotic and reptile premiums reflect the Avian & Exotic Pet Plan with a $50 per-incident deductible. Premiums vary based on the age of the pet, species, size (as an adult), plan type, deductible and state of residence. Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply. Underwritten by Veterinary Pet Insurance Company (CA), Columbus, OH, an A.M. Best A+ rated company (2017); National Casualty Company (all other states), Columbus, OH, an A.M. Best A+ rated company (2017). Agency of Record: DVM Insurance Agency. Nationwide, the Nationwide N and Eagle, and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. ©2018 Nationwide. 18GRP5452 PetOnomics: Enroll today! 877-738-7874 • PetsNationwide.com The cost of owning a pet $22.97 billion gross domestic product 2 $245 $182 $235 $56 $164 $46 $30 $30 $474 $257 $235 $72 $322 $58 $84 $47 TOTAL How that $69.51 billion was spent 3 Food Vet care Supplies/ OTC medicine Pet services Purchase/adoption $29.88 billion $18.26 billion $15.11 billion $6.16 billion $2.1 billion PET COST BREAKDOWN $988 $1,549 CAT DOG Which popular pet’s average annual costs are higher? 3 98% 68% $751 million Amount spent on pets for Valentines’s Day 30% of dog owners/25% cat owners purchase organic or natural food for their pet 1 People purchase 5 gifts per year for their pet on average $125 One-way fare to fly with a pet
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AVERAGE MONTHLY COST OF PET INSURANCE:6 Dogs
$39
Cats
$23
Birds
$12
Exotic pets
$10 $7
Reptiles
Pet owners spend billions of dollars on their pets every year
Pet expenditure in the U.S. was 3x greater than the entire gross domestic product of Iceland in 2017
$69.51 billionPet expenditurein 20171
ADDITIONAL PET SPENDING
Percentage of pet owners who significantly underestimate the lifetime cost of pet ownership3
Percent increase in spending on pets over
the last decade5
Surgical vet visits
Routine vet visits
Food
Treats
Kennelboarding
Vitamins
Groomer orgrooming aids
Toys
1 http://www.statisticbrain.com/pet-ownership-statistics/2 http://www.statisticbrain.com/countries-ranked-by-purchasing-power-parity/3 http://www.bls.gov/opub/btn/volume-2/spending-on-pets.htm • http://www.americanpetproducts.org/press_industrytrends.asp4 http://www.marketwatch.com/story/pack-mentality-more-people-than-ever-are-traveling-with-pets-13395150161005 http://www.americanpetproducts.org/press_industrytrends.asp6 Sample canine and feline premiums reflect My Pet Protection Plan premiums across all states, with a $250 annual deductible. Sample avian, exotic and reptile premiums reflect the Avian & Exotic Pet Plan with a $50 per-incident deductible. Premiums vary based on the age of the pet, species, size (as an adult), plan type, deductible and state of residence.
Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which are controlling. Such terms and availability may vary by state and exclusions may apply. Underwritten by Veterinary Pet Insurance Company (CA), Columbus, OH, an A.M. Best A+ rated company (2017); National Casualty Company (all other states), Columbus, OH, an A.M. Best A+ rated company (2017). Agency of Record: DVM Insurance Agency. Nationwide, the Nationwide N and Eagle, and Nationwide is on your side are service marks of Nationwide Mutual Insurance Company. ©2018 Nationwide. 18GRP5452
PetOnomics:
Enroll today!
877-738-7874 • PetsNationwide.com
The cost of owning a pet
$22.97 billiongross domesticproduct2
$245
$182
$235
$56
$164
$46
$30
$30
$474
$257
$235
$72
$322
$58
$84
$47
TOTAL
How that $69.51 billion was spent3
Food
Vet care
Supplies/OTC medicine
Pet services
Purchase/adoption
$29.88 billion
$18.26 billion
$15.11 billion
$6.16 billion
$2.1 billion
PET COST BREAKDOWN
$988 $1,549
CAT DOG
Which popular pet’s average annual costs are higher?3
98%68%
$751 millionAmount spent on pets for
Valentines’s Day
30% of dog owners/25% cat owners purchase organic or
natural food for their pet1
People purchase
5 gifts per yearfor their pet on average
$125One-way fare to fly
with a pet
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