Pet Accident Only Insurance Market Report 2026

The pet accident only insurance market size has grown strongly in recent years. It will grow from $1.27 billion in 2025 to $1.39 billion in 2026 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to increasing pet ownership rates, rising veterinary treatment costs, expansion of online insurance platforms, growing awareness of pet risk protection, adoption of digital insurance services.

The pet accident only insurance market size is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2030 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to increasing demand for app-based insurance management, rising integration of ai-driven underwriting tools, expansion of direct-to-consumer insurance models, growing focus on personalized coverage options, increased investment in insurtech platforms. Major trends in the forecast period include increasing demand for low-cost accident coverage plans, rising adoption of digital policy distribution channels, growing use of automated claims processing systems, expansion of customizable policy offerings, enhanced focus on fast claim settlement.

Rising pet ownership is driving growth in the pet accident-only insurance market by increasing demand for financial protection against unexpected veterinary costs. Pet ownership involves caring for domestic animals, including providing food, shelter, and medical attention. Ownership is growing as more people recognize pets’ positive impact on mental health, including stress reduction and emotional support. Pet accident-only insurance helps owners cover sudden veterinary expenses, enabling timely medical care without financial strain. For instance, in March 2025, pet ownership in the US increased from 82 million households in 2023 to 94 million households, with 51% owning a dog and 37% owning a cat, according to the American Pet Products Association.

Major companies in the pet accident-only insurance market are concentrating on creating innovative solutions, such as embedded digital accident-only pet insurance plans, to address the growing need for affordable, easily accessible coverage that shields pet owners from unexpected veterinary accident expenses without the higher costs of comprehensive plans, driven by rising pet ownership and increasing veterinary care costs. For example, in July 2024, Odie Pet Insurance Marketing Inc., a US-based digital pet insurance provider, introduced an Accident Only plan through a strategic collaboration with Insuritas, an effort aimed at embedding accident-only pet insurance into financial institutions’ platforms, making it more widely accessible. The plan offers essential coverage for veterinary expenses arising from accidental injuries, including fractures, ingestion incidents, and trauma, with customizable reimbursement options, digital claim processing, and streamlined enrollment, providing a straightforward, focused alternative to traditional comprehensive pet insurance that combines accident, illness, and routine care benefits. By utilizing digital integration and partnerships, Odie’s Accident Only plan enhances accessibility, lowers cost barriers, and increases convenience compared to traditional insurance models, enabling pet owners to protect their pets from accidents more efficiently.

In July 2024, Odie Pet Insurance partnered with Insuritas to integrate customizable accident-only and injury-illness plans into Insuritas’ BUNDLE platform. This collaboration aims to make pet insurance more accessible and affordable, allowing financial institutions to offer embedded pet insurance while expanding coverage and diversifying revenue streams.

Major companies operating in the pet accident only insurance market are Trupanion Inc., Tesco Personal Finance plc, Anicom Holdings Inc., Nationwide Mutual Insurance Company, Embrace Pet Insurance Agency LLC, Animal Friends Insurance Services Limited, TICORP Limited, Pets Plus Us Inc., Pet Plan Limited, The Insurance Emporium Limited, Pets Best Insurance Services LLC, ASPCA Pet Health Insurance, Figo Pet Insurance, Agria Animal Insurance AB, Pumpkin Pet Insurance, Prudent Pet Insurance Agency LLC, American Kennel Club, Perfect Pet Insurance Limited, Spot Pet Insurance Ltd, Odie Pet Insurance Inc., Scratch and Patch Insurance Services Limited.

North America was the largest region in the pet accident only insurance market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pet accident only insurance market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pet accident only insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The pet accident only insurance market includes revenues earned by entities by providing services such as emergency veterinary visits, surgery due to injury, treatment for fractures or broken bones, wound care and stitches, and bite or attack treatment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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