Compare Pet Insurance Plans For Cats & Dogs In [current_date format='Y']! (2024)

When you own a pet, it’s important to have the right kind of insurance to provide peace of mind. Pet insurance is an effective way to protect your furry friend and make sure their medical costs are covered in case of illness or injury.

In this article, we’ll compare the top pet insurance companies for cats and dogs in 2023 so you can find the best plan that fits your budget and meets your pet’s needs.

How Much Is Pet Insurance A Month?

On average, pet insurance costs between $30 to $75/month for dogs and $20 to $50/month for cats. I must say this is pretty accurate because I pay around $52 per month for insurance for my mini schnauzers Max and Jax. However, keep in mind that your specific pet insurance rates will depend on several factors, including the type and age of your pet, coverage limits, annual deductible, and co-payments.

Average Cost Of Pet Insurance for Cats

$30 per month is the average cost of pet insurance for catswhich isaround $360 per year for unlimited annual coverage. However, the cost of pet insurance for cats can vary depending on factors like age and breed. Older cats tend to have higher premiums while purebred cats typically require more coverage due to their genetic predisposition to certain health issues.

Average Cost of Pet Insurance for Dogs

Pet insurance coverage for a dog costs around $56 per month or just around $672 per year.Now, if you’re wondering why dogs pay more per month in monthly premiums it has everything to do with overall health and life expectancy.

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How Are Pet Insurance Costs Determined?

Some pets have higher premiums due to their breed, age, and risk for certain illnesses or injuries. Pets with a higher likelihood of needing medical care will typically cost more in insurance costs than those that are generally healthy.

Age of Pets:Your pet’s age is a crucial factor affecting the cost. As your pet gets older, they may develop health issues, much like us humans. Pet insurers take this into account. So, if your furry companion is getting on in years, you may notice premiums creeping up.

Number of Pets:Naturally, the more pets you choose to insure, the higher the cost of the insurance policy is likely to be.

Breed Factors:Most people find it surprising to learn the breed of your pet can impact your insurance costs. Certain breeds have specific health issues that may require extra medical care. For instance, the Bulldog Club of America states that Bulldogs are prone to certain health conditions like hip dysplasia. This is a case where you may find yourself shelling out a bit more each month.

Location:High cost of living areas, like New York City, can increase your pet insurance monthly premium. Why, you ask? Veterinary exam fees are typically higher in these areas, and pet insurance prices are adjusted accordingly. Talk about a concrete jungle!

Deductible:Similar to traditional health insurance, the deductible you choose through your pet health insurance provider can affect the cost. Opting for a lower deductible will result in a higher premium, while a higher deductible can lower your premium but increase your out-of-pocket expenses for each claim.

Reimbursement Percentage:Most pet insurance companies offerreimbursement options of 70%, 80%, or 90%. The reimbursement percentage determines the portion of the remaining vet exam fees you receive after meeting your deductible. A higher reimbursement percentage correlates with a higher cost for your policy.

So, in the grand scheme of things, pet insurance can cost about as much as that fancy coffee you grab every week. When you think about the potential vet bills, it’s a small price to pay for such an important member of the family and having coverage is crucial.

How Much Is Pet Insurance For Cats & Dogs By State?

The current national average cost of a pet insurance policy is between $600 to $1,200 per year. But, keep in mind that pet Insurance premiums will vary by your pets age, benefits, type of pet, and insurer selected. Check out our average cost of pet Insurance rates by state below:

STATE

MONTHLY PREMIUM (CATS)

MONTHLY PREMIUM (DOGS)

STATE

MONTHLY PREMIUM (CATS)

MONTHLY PREMIUM (DOGS)

Alabama

$26

$43

Montana

$23

$39

Alaska

$28

$47

Nebraska

$23

$38

Arizona

$32

$53

Nevada

$26

$43

Arkansas

$28

$41

New Hampshire

$28

$46

California

$32

$61

New Jersey

$26

$49

Colorado

$29

$48

New Mexico

$25

$40

Connecticut

$32

$53

New York

$30

$61

Delaware

$28

$46

North Carolina

$24

$40

D.C.

$28

$50

North Dakota

$23

$40

Florida

$22

$40

Ohio

$25

$40

Georgia

$22

$36

Oklahoma

$22

$36

Hawaii

$28

$46

Oregon

$28

$46

Idaho

$26

$42

Pennsylvania

$27

$43

Illinois

$27

$44

Rhode Island

$26

$42

Indiana

$22

$37

South Carolina

$25

$38

Iowa

$23

$37

South Dakota

$24

$39

Kansas

$25

$41

Tennessee

$24

$41

Kentucky

$24

$41

Texas

$21

$42

Louisiana

$21

$35

Utah

$24

$40

Maine

$24

$41

Vermont

$23

$38

Maryland

$30

$50

Virginia

$27

$45

Massachusetts

$28

$48

Washington

$26

$44

Michigan

$22

$37

West Virginia

$22

$37

Minnesota

$23

$47

Wisconsin

$26

$42

Mississippi

$19

$34

Wyoming

$19

$34

Missouri

$20

$39

Cell

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How Much Is Pet Insurance For Multiple Pets?

Company

Type Of Pet

Monthly Cost For Two Pets

Annual Cost For Two Pets With

Multi-Pet Discount

Multi-Pet Cost w/ Discount

Pets Best

Dog

$100

$1,200

5%

$95

Cat

$53

$636

5%

$50

ASPCA

Dog

$112

$1,344

10%

$101

Cat

$59

$708

10%

$53

Embrace

Dog

$116

$1,392

10%

$104

Cat

$61

$738

10%

$55

Spot

Dog

$118

$1,416

10%

$106

Cat

$63

$750

10%

$56

Healthy Paws

Dog

$112

$1,344

None

$1,344

Cat

$60

$720

None

$720

Average Totals

Multiple Dogs

$112

$1,339

10%

$1,272

Multiple Cats

$59

$710

10%

$639

Multiple Pets

$85

$1,025

10%

$922

Source: The above premiums are based on data compiled for multiple cats and dogs with unlimited annual coverage, a deductible of $100 and reimbursements back to pet parents of 80% or the closest options available.

LIFE INSURANCE WHERE YOU LIVE

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Should anything happen to you, you’ll want to leave your loved ones a financial nest egg for their wellbeing. Click on your state to find out more.

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Compare Pet Insurance Plans For Cats & Dogs In [current_date format='Y']! (2024)

FAQs

What are the three types of pet insurance? ›

Pet insurance companies typically divide their products into 3 main categories: accident-only, accident and illness, and wellness coverages. Each level offers specific services that are covered and excluded and will vary by price. Insurance policies are usually broken down by the type of pet being insured.

What is the best level of pet insurance? ›

Lifetime policies

These policies cover your pet for their entire life, taking care of expenses for both illnesses and injuries. Although they are the most expensive option, they offer the highest level of protection, with coverage limits that reset annually upon policy renewal.

How does AKC pet insurance compare to other insurance companies? ›

When compared to other pet insurance companies, AKC Pet Insurance has lower premiums than average for most pets, including mixed-breeds and purebreds. However, premium prices can increase if you upgrade your pet's coverage to include options such as exam fees, hereditary conditions, breeding and wellness care.

What is the difference between a pet cat and a dog? ›

Key differences between cats and dogs

Cats are independent, while dogs are more dependent. Cats are lower-maintenance overall, while dogs require a different kind of care and attention. Cats prefer solitary pursuits, while dogs provide more companionship and emotional bonding. Cats typically live longer than dogs.

What are the alternatives to pet insurance? ›

Pet insurance alternatives
Monthly feeHow it works
Pet AssureYesReceive discounts on in-house medical services
Savings accountNoEarn interest on money set aside for veterinary costs
Credit financingNoFinance your veterinary bill and pay over time
Financial assistanceNoApply for a grant from non-profit organizations
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Jul 16, 2024

How do I get the best out of my pet insurance? ›

These three tips will ensure you get the best experience possible.
  1. Pay Upfront Treatment Costs On A Credit Card, And Pay It Off With Your Reimbursement. ...
  2. Make Sure Your Vet Knows About Your Pet Insurance Coverage. ...
  3. Make Sure Your Policy Makes Sense For Your Breed, Location, Age, And Any Pre-Existing Conditions.

How much should I be spending on pet insurance? ›

The average pet insurance cost is about $56 per month for dogs and $32 per month for cats for the most common type of policy.

What is a good deductible for pet insurance? ›

Typical deductibles range from $0 to $1000, but averages are typically closer to $100, $250, or $500. For example, if your plan has a $200 deductible, you will have to pay the first $200 out of pocket before the insurance company will start reimbursing you for vet bills.

Why is trupanion so expensive? ›

Trupanion's pricing is likely higher than average because all plans include unlimited coverage and a 90% reimbursement rate. Your plan cost will vary depending on where you live and your pet's breed, age and species. Premiums may also increase incrementally each year as your pet ages.

Why is Petplan the best? ›

The benefits of Petplan pet insurance

We cover things some other policies don't. We pay 97% of claims. We can pay your vet directly. We never charge you more for claiming.

Why is cat insurance cheaper than dog insurance? ›

It's a fact that some breeds of dogs and cats cost more to care for than others. First and foremost, there is typically a cost difference between what insurance will cost for a cat versus a dog. Cats typically see the veterinarian less than dogs and are also less likely to incur an injury.

Do pet insurance cover pre-existing conditions? ›

Pet insurers generally don't cover pre-existing conditions. They also may require waiting periods before your pet is eligible for different types of coverages. It's best to get pet insurance early in your pet's life to help ensure any conditions they develop later in life will be covered.

Why do cats live longer than dogs? ›

Well, many factors contribute to cats having a longer lifespan than dogs, including size, breeding, environmental factors, lifestyle, biological differences, and susceptibility to health issues. Let's dig deeper into these reasons and discuss what you can do to help your four-legged friend have a long and happy life.

What's easier, a cat or a dog? ›

One of the most important things to consider when choosing a pet is how much time you are willing to spend caring for them. Dogs require a lot of attention and exercise, while cats are relatively low-maintenance. If you work long hours or travel often, a cat might be a better choice for you.

Which pet is best, a cat or a dog? ›

If you're looking for a companion that will sit by your side, then a dog might be your best bet. Cats can be quite affectionate and attentive, but only up to a point. They tend to become bored or overstimulated much more easily than dogs, and at that point they want to escape for a while.

What are the three 3 main types of insurance? ›

Although there are many insurance policy types, some of the most common are life, health, homeowners, and auto.

What is the difference between accident and illness pet insurance? ›

Accident Coverage Versus Illness Coverage

Policies are available from most companies to either cover accidents only or accidents and illness. Accident coverage is specifically for injuries such as a broken bone. Companies can define what they consider an accident and what they consider an illness.

Does pet insurance cover all pets or just one? ›

Some insurers will allow you to add multiple pets to one policy, though most may require you to buy separate policies for each pet instead. Note that many pet insurance companies will only provide coverage for cats and dogs, so you may be out of luck with other pets like birds, hamsters, snakes, and rabbits.

What is the difference between pet insurance and a wellness plan? ›

Pet insurance is designed to help pay for unexpected expenses, such as bills related to an injury or illness. Wellness plans help cover routine care for your pets, such as checkups, screenings and vaccines.

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