Most Expensive Dog Breeds to Own: Financial and Legal Responsibilities for Pet Owners
As of 2024, over 82 million Americans own pets, with dogs reigning as their favorite companions. While the joys of dog ownership are immeasurable, the financial and legal responsibilities associated with certain breeds are significant. New data highlights the most expensive dog breeds to own, their lifetime costs, and the risks associated with ownership.
Top Breeds and Their Costs
Owning a dog like a Tibetan Mastiff or Lowchen can cost between $25,000 and $40,000 over the pet’s lifetime, with purchase prices reaching up to $10,000. Other breeds, such as the Samoyed and Pharaoh Hound, also come with hefty financial commitments due to grooming, high-quality food, and veterinary care.
Dog Bite Risks and Liability
In 2023, dog bite-related claims cost insurers $1.116 billion across 19,062 cases, with the average settlement reaching $58,500. Breeds like the Chow Chow and Tibetan Mastiff, while beloved for their protective instincts, are categorized as high-risk due to their potential for causing severe injuries.
Key Data
- Most Expensive Breeds: Tibetan Mastiff ($2,000–$10,000) and Lowchen ($2,000–$8,000).
- Lifetime Costs: Tibetan Mastiff ($36,000–$40,000) and Lowchen ($25,000–$40,000).
- Common Injuries from Bites: Puncture wounds, infections, nerve damage, and scarring.
- Most Vulnerable Group: Children aged 5–9, who often sustain bites to the head and neck.
Preventing Dog Bites and Ensuring Responsible Ownership
Experts recommend researching breeds thoroughly, investing in early training, socializing pets, and providing regular veterinary care. Following leash laws and addressing aggression with professional help can also prevent incidents.
Thank you,
Glenda, Charlie and David Cates
