How Much Is Pet Insurance for Dogs?
The cost of pet insurance for dogs varies according to the insurance company, coverage plan, and some other factors. The monthly premium for dog insurance ranges from $10 to $100 but according to data collected from different resources, the average monthly cost of pet insurance for dogs is $47.20 for insurance plans covering both accident-illness coverages. Pet insurance cost is divided into three parts
1. Monthly premium: It is the cost you have to pay when you purchase the policy. Usually, it is paid on monthly basis but sometimes yearly.
2. Deductible: It is the amount that is paid by the policyholder before the insurance company starts to pay.
3. Reimbursement percentage: It is the amount that is paid by the insurance company after it has been paid by the policyholder.
If you want to estimate the annual or lifetime cost of pet insurance you can do this in the following manner:
Firstly, gets a monthly premium cost based on the age of your pet from an insurance provider.
Secondly, multiply it by 12 to get the annual cost.
Thirdly, follow the same process for respective years(next 5 years or so) and add up all annual premiums to get approximate lifetime cost.
what is pet insurance?
Pet insurance is a healthcare policy that helps you to cover the cost of medical expenses of your pet through reimbursement. If you buy the right insurance plan, it means you also bought priceless peace of mind. pet insurance protects you against high veterinary costs. If a sudden accident or illness occurs to your pet, having an insurance plan can be a lifesaver.
Benefits of pet insurance:
I wonder people have pet insurance for themselves but not for their pets. There are great benefits of pet insurance. some are listed below
Pet insurance can save your money. After paying a certain amount of deductible, a significant percentage of your vet bills will be paid by the insurer in the form of reimbursement.
If you have pet insurance, you can focus more on pet health and less on vet costs.
*, Unlike human insurance, pet insurance allows you to pick the veterinarian of your choice.
You can use the best medical option for your pet regardless of your financial condition. It gives you peace of mind.
If your pet is older still your insurance company gives you the coverage for your pet regardless of its breed or age.
Factors that affect the cost of dog insurance :
Insurance costs are not fixed but are determined by various factors. Every insurer takes these factors into account before determining the policy premium.
It is the most influencing factor in determining the cost of a monthly premium. Different companies offer different prices depending on the coverage plan you choose, deductible, age, and breed of your pet, and also your location. The exact price is difficult to define without considering the above factors. However, the average monthly costs of different companies are given here:
|Insurance company||Average cost per month|
|EMBRACE||$13-$100 based on your chosen plan.|
|PETS BEST||$6 and up based on your chosen plan.|
|HEALTHY PAWS||$15-$90 based on the plan, deductible, age, and breed of your pet.|
|ASPCA||Starting rate $10 for accident only and $16 for complete coverage.|
|PET FIRST||$16-$100 based on your chosen plan.|
|PET INSURANCE||$5-$90 depending on your chosen plan.|
|FIGO||$9-$135 depending on the coverage you choose.|
|24 PET WATCH||$11-$100 depending on the plan and other variables.|
|PET ASSURE||$9.95-$21.95 depending on how many dogs you have.|
2. Coverage plan:
Policy premium greatly depends on the coverage plan you choose. There is a great difference in the cost of two major coverage plans; accident-only insurance and accident-illness insurance. According to data gathered from NORTH AMERICAN PET HEALTH INSURANCE ASSOCIATION, here is the monthly insurance cost based on the coverage plan:
|Coverage plan||Average cost per month|
BONUS TIP FOR YOU:
If you want to save then COMPARING THE PET INSURANCE QUOTES is the best way.
Different insurance companies offer an online quote system, get quotes from three to five companies, and compare them. Look for a policy that has the most flexible coverage for your pet’s needs.
Frequently asked questions:
what is pet insurance?
Pet Insurance is a healthcare policy for your pet that reimburses you for the medical expenses of your pet after a certain period.
Is pet insurance worth it?
Pet insurance helps protect you against unexpected costs related to your pet. You have to pay a reasonable amount monthly which seems like an unnecessary burden but it can be more and more if you don’t have pet insurance. Majorly it gives you peace of mind.
What does pet insurance cover?
Pet’s purchase price if your pet is lost or theft.
Medical costs if your pet becomes unexpectedly sick or gets into an accident.
If your pet dies due to illness or injury and if the vet certifies it, you will get the pet’s purchase price. But an age limit is applied in this case.
Best pet insurance for dogs?
It depends on the condition of your pet. Some are here:
Nationwide is our choice for an overall rating.
ASPCA is our choice for multiple pets.
PetsBest is our choice for older dogs.
Embrace Pet Insurance is best for emergencies.