What Does Pet Insurance Cost

In the united states the average cost of pet insurance is roughly 492 per year or 41 per month.

What does pet insurance cost. The insurance trade group says that accident and illness coverage per year averaged 473 for dogs and 285 for cats in 2014. After obtaining quotes from 11 of the largest pet insurance companies we found the monthly cost of the average pet insurance plan ranges from about 25 to 70 for dogs and 10 to 40 for cats. A pet parent s guide healthcare costs are rising across the board and pet healthcare is no exception. Accident only policies ran 158 and 132 respectively.

We ll go over these later in this post. Of course when our pets are outside or inside for that matter they eat stuff they shouldn t. A typical cost for pet treatment after they ve been hit by a vehicle and need surgery is over 9 000. According to insurance companies the average amount that someone can afford for treatment at any one given moment is only 1 500.

Current pet insurance premiums while other types of insurance like health insurance are community rated meaning everyone in a certain age group pays a similar fee pet premiums are driven by a number of factors like the breed age size and hereditary conditions of your furry friend. For example say your pet insurance policy has a 250 annual premium a 100 annual deductible and a 1 500 limit. Regular costs can vary depending on the size of your pet and level of pet insurance cover you buy. The price of your pet insurance policy will vary depending on what type of policy you want.

Accident only cover costs 20 per month average accident illness cover costs 35 55 per month average comprehensive cover costs more than 60 per month average. Canstar reveals what the average pet insurance policy can cost in 2019 according to our data. Most dogs will cost owners at least 21 000 over their lifetime with cats a cheaper option at around 12 000. What is the average cost of pet insurance.

The average monthly cost of pet insurance is 47 20 for dogs and 29 54 for cats for pet insurance plans that cover both accidents and illnesses.