The average monthly cost of pet insurance is $50 for dogs and $28 for cats for plans that cover both accidents and illnesses, according to the American Pet Health Insurance Association.
The average monthly cost of a pet insurance plan ranges from $24 to $86 for dogs and $9 to $30 for cats, according to an analysis of quotes from the largest pet insurance companies.
average cost of pet insurance
The amount you pay for pet insurance varies widely. monthly premiums can range from as little as $10 to more than $100, though most pet owners can expect to pay $30 to $50 per month for a plan with decent coverage.
The average cost of pet insurance is higher for dogs: 74% more expensive than cats for accident and illness policies. senior animals and larger animals also face higher pet insurance rates, as these groups tend to have the most health issues. /p>
The average cost of pet insurance for dogs has increased, while the cost for cats fluctuates. rates have decreased as much as 11% and increased as much as 30% in the last five years, depending on the type of policy.
five-year increase in average pet insurance rates
average cost of pet insurance for dogs
Even with the same location, dog, and insurance plan parameters, insurers showed a range of more than $60 on their plans. If you live in a place with high veterinary costs or have a dog prone to injury, you can expect your monthly premium to be closer to $85 than $25.
Similarly, you’ll pay a higher premium if you want more coverage, or if you lower your deductible or increase your reimbursement level.
typical costs per breed of dog
Monthly plan costs also vary based on your dog’s breed. Mixed and mongrel dogs tend to get slightly cheaper pet insurance costs than purebred dogs.
average cost of pet insurance for cats
The costs of insuring a cat are significantly lower than those of insuring a dog.
The cost of insuring a cat showed as much variation between companies as it did for dogs. For a four-year-old medium-risk cat, you can expect to pay $9 to $14 per month with one of the more affordable companies. for more health care coverage or a more injury-prone cat breed, you’ll probably pay closer to $30 or $40.
costs per cat breed
As with dogs, the cost of insuring a cat also varies by breed. To find the affordability of insuring different breeds, we looked at the five most common cat breeds and found less variance in price. mixed breeds, such as the domestic shorthair or domestic longhair, tend to have even cheaper pet insurance rates.
average cost of medical treatments for pets
If you’re trying to decide if pet insurance is worth it, you need to consider the cost of treatments without insurance. To help you figure out if pet insurance is a good investment for you, compare the treatment costs for the top 10 dog and cat ailments for an uninsured pet.
Even some of the most common problems, like treating parvo in puppies, can be quite expensive: the average claim is more than $900. and serious diseases like cancer are rarer, but treatment is also much more expensive: chemotherapy alone can cost $5,000 to $10,000.
In most cases, paying out of pocket for treatment of the most common dog and cat conditions is less expensive than the annual cost of insurance.
In these cases, having insurance will help reduce the financial burden of an expensive procedure.
methodology and sources
We collected quotes from 11 major pet insurance companies for a male dog and a female cat, both four years old. We set coverage limits as follows, unless otherwise noted.
different breed rates are for aspca insurance.
National data was compiled from the annual report of the American Pet Health Insurance Association.
sources american pet health insurance association