More pet owners are using insurance to save on veterinary costs

It's been a rough two years for Freya and Kodiak, complete with surgeries, thyroid problems, allergy serums and medications.

But what could have amounted to a more than $7,000 medical bill for the two German shepherds was cut in half thanks to their owners' pet insurance policy. The Martin family opted for a plan that allowed them to pay an $800 annual premium for the two dogs. They pay the fees and then get reimbursed on half the costs.

Cheryl Martin said the money was well spent, especially considering everything the dogs have endured in recent years. Both dogs have inhalant allergies that require medication, Freya...