As pet insurance premiums rise due to relocation, renters may increasingly turn to shared pet ownership models. These arrangements, where multiple individuals split pet care costs and responsibilities, can offset higher insurance expenses. Renters, often facing financial constraints and unstable housing, find shared pet ownership appealing for its affordability and flexibility. For instance, platforms like PetShare connect people to co-own pets, reducing individual costs by up to 50%. Urban renters, especially in high-cost cities, are more likely to adopt this trend to maintain pet companionship without the full financial burden. However, challenges like coordinating schedules and ensuring pet welfare remain. Shared ownership could grow as a practical solution if insurance costs continue to climb.