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.
Reimbursem*nt Percentage:Most pet insurance companies offerreimbursem*nt options of 70%, 80%, or 90%. The reimbursem*nt percentage determines the portion of the remaining vet exam fees you receive after meeting your deductible. A higher reimbursem*nt 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 reimbursem*nts back to pet parents of 80% or the closest options available. | |||||
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