how much does pet insurance cost?
Pet insurance can prevent major budget calamities — should your pet require a $10,000 surgery, it could be covered with minimal out-of-pocket costs to you. Millions of people trust pet insurance to protect their finances in case of a major emergency. However, it’s important for pet owners to understand the pet insurance cost for dogs and cats.
How much does pet insurance cost?
Insurance isn’t one-size-fits-all, so to estimate how much your policy will cost, providers will need more information about your pet. Premiums are calculated based on three main factors: your pet’s age, your pet’s breed, and your location. Here’s how those details add up:
- Age: As pets get older, their likeliness of requiring medical treatment increases, and the cost of insuring them goes up too.
- Breed: Each breed is predisposed to certain illnesses and conditions, making some more expensive to insure than others.
- Location: Did you know that veterinary costs change depending on where you live? If you live in a state where veterinarians charge more for services, your premiums will be higher.
How much does dog insurance cost?
Given these factors, the cost of pet insurance for dogs can vary greatly — from as low as $10 a month to $100 or more. According to ValuePenguin, the average monthly premium cost of dog insurance (found by averaging the price of the top 11 providers) was $42.45 in 2017. Visit our dog insurance page to learn more about costs and coverage.
How much does cat insurance cost?
The cost of pet insurance for cats can vary greatly, the industry average cost of cat insurance was $20.99 in 2017. Read more about cat insurance and costs.
Build a pet insurance plan to fit your budget
Breed, age, and location aren’t the only factors that affect premium price. The rest is up to you! Most insurance providers offer plans to choose from with varying levels of coverage, and some even let you completely customize your coverage.
Plans with low deductibles (the amount you’ll pay out of pocket before pet insurance kicks in), high annual limits (the maximum amount your policy will cover in a year — many even offer unlimited) and low co-pays will cost more in monthly premiums — but will provide the best financial safety net if your pet needs medical care.
Can’t afford to spend a lot of money on a monthly premium but still want peace of mind in case of a crisis? Consider getting a low-cost plan with a high deductible. You may go years without hitting your deductible, but if your pet should be diagnosed with cancer, heart disease, hip dysplasia or another expensive condition, you could get thousands of dollars back in reimbursement.
Get a pet insurance quote
The only way to know how much insurance will cost for your pet is to get a quote.
Most providers offer free, no-obligation quotes — just input a little bit of information about yourself and your pet (it only takes a few minutes). You’ll get a quote instantly generated for you, and may have the option to save it and return later.
Once you know how much insurance costs for your dog or cat, consider the price of veterinary treatments for common conditions — plus the value of knowing that your pet will be able to get the best care regardless of your budget — and decide if insuring your pet is worth it to you.
How much does it cost to spay or neuter a dog or cat?
Costs for spaying and neutering will vary from region to region, from under $50 to a few hundred dollars, and will depend on whether the surgery is performed at a low-cost spay clinic or animal shelter or at a regular veterinary clinic. Learn more about spaying and neutering coverage and costs.
How much does a dog or cat x-ray cost?
Whether an X-ray is needed unexpectedly or it’s scheduled ahead of time, you can expect to pay an average of $200 depending on the medical condition.* The good news is that most pet insurance companies cover X-rays as long as it is recommended by your veterinarian and not for a pre-existing condition. See here for more information on pet insurance x-ray coverage.
How much does a dog or cat dental cleaning cost?
Dental cleanings are an important part of maintaining your pet's oral health, and critical to preventing costly and serious dental disease. However, because they are preventive in nature, they are usually not covered by a pet insurance policy, which focuses on covering your pet against unexpected injury and illness.
To help save on routine dental care, ask your veterinarian if they offer a wellness package that discounts a number of packaged services in exchange for a monthly or annual fee. Uncover more about pet dental cleaning coverage and costs.
*According to Petplan Claims Data