How Much Does Pet Insurance Cost

Insurance policies are not only meant for human beings (so to speak). There are also indemnities made for the protection of our beloved pets. It is simply called a pet insurance, and pet owners purchase such policy to help them lessen the high costs incurred when their pets are hospitalized.

According to Investopedia, a pet insurance is similar to a health insurance, but the major difference is that it is basically for domesticated animals, significantly covering the expensive medical fees. It became available in the United States in 1980, and the first policy was purchased for the movie Lassie in 1982.

Cost of Pet Insurance

Many families consider their pets as part of the household. In fact, some pet owners have given a part of their wealth to Dog Insurancetheir pets and formally indicated the shares on their last will and testament. That’s how extreme the love for pets can be. And for the same reason, owners avail a pet insurance to make sure they can provide the medical needs of their pets despite the high expenses. But how much does a pet insurance cost these days?

Pet Insurance Quotes, a pet insurance agency claiming to be the only licensed independent pet insurance provider in the U.S., says the national average pet health insurance price is $41 per month, with actual rates ranging from $15 to $75 per month.

Factors Affecting Pet Insurance Costs

The pricing is based on four factors: your location, the breed of your pet and its age, the insurance coverage, and your insurance provider. Let’s discuss each factor and find out how it affects the cost of a pet insurance.

  • Location

Where you currently live greatly affects the price of a pet insurance. Pet owners residing in New York pay higher veterinary costs than those who live in Kansas. Apparently, insurance companies charge more costly rates in areas where there is a high cost of living, such as New York and Los Angeles, because they pay claims based on the actual veterinary bills.

Based on the research of Pet Insurance Quotes, the average annual pet insurance rate in the U.S. is $492 per year. Here are the five highest and lowest average monthly costs for cats and dogs by state.


New York - $48California and Massachusetts - $38
California - $46Colorado, Florida, Illinois, Maryland, and Michigan - $36
Rhode Island - $45District of Columbia, Delaware, and Rhode Island - $35
Hawaii and Massachusetts - $44Connecticut, Georgia, Hawaii, Maine, Pennsylvania, and Texas - $34
Alaska and District of Columbia - $43Alaska, Minnesota, South Dakota, Vermont, and Washington - $33


New York - $48Kansas - $26
California - $46Alabama, Arkansas, Idaho, Kentucky, Mississippi, and Nebraska - $27
Rhode Island - $45Arizona, Indiana, Montana, New Mexico, West Virginia, and Wyoming - $28
Hawaii and Massachusetts - $44Iowa, Louisiana, South Carolina, and Utah - $29
Alaska and District of Columbia - $43Tennessee - $30
  • Breed and Age of Your Pet

If you look at the table above, you will notice that the insurance cost for dogs is more expensive than that with the cats. This is because dogs are more susceptible to injuries than cats. Moreover, purebred canines have higher insurance rates than mixed breed dogs because the former are more vulnerable of acquiring hereditary conditions than the former. For everyone’s reference, some of the most common and costly hereditary problems to treat are cancer, dysplasia, and heart disease.

Aside from the pet’s breed, its age also matters. Older cats and dogs have higher insurance rates because they are more likely to acquire illnesses and get injuries. Although you can secure a pet insurance plan anytime, the older your pet gets, the more expensive it is to insure. For such reason, it is ideal to enroll your pet while it is still young.

On this note, here are the average pet insurance rates of the 10 most popular dog and cat breeds in the U.S.


BreedsInsurance Rates Per Month
English Bulldog$52
German Shepherd$49
Golden Retriever$46
Labrador Retriever$44
Shih Tzu$42
Yorkshire Terrier$41
Mixed Breeds$38


BreedsInsurance Rates Per Month
Russian Blue$39
Maine Coon$38
Domestic Shorthair$34
American Shorthair$34
Mixed Breeds$32
  • Insurance Coverage

Pet insurance plans offer different types of coverage options. There are policies that only cover accidents and comprehensive plans covering medical fees and emergencies. The more coverage you avail, the higher the cost you pay. There are three types of coverage to consider. These are the following:

1. Accident-Only Coverage – From the name itself, it only comes in handy when your pet gets into an accident. It usually cost $10 per month.

2. Major Medical Coverage – This happens to be the most popular type of coverage. Most pet owners purchase this kind of insurance plan.

3. Wellness Coverage – There are some insurance companies that offer a wellness coverage when you purchase a standard petplan.

In addition to the coverage selections, pet insurance plans also have deductibles and reimbursements. Deductibles range from $100 to $1,000, while reimbursement rates run from 60 to 100 percent of the monthly premiums. Here are the average pet insurance plan prices of some companies and organizations:

Choice of Insurance Provider

There are many insurance providers in the U.S. Your choice of company greatly affects the costs. Apparently, there areCat Insurance some companies that offer cheap insurance plan, but they don’t have a comprehensive coverage. There are also providers that have costly insurance policies, but you still get an ideal coverage for your pet’s needs. With that said, be sure to choose the company that provides the most appropriate insurance plan for your pet and for your budget. Here are some of your choices:

– 24PetWatch



– Embrace

– Figo

– Healthy Paws

– Nationwide

– PetFirst

– Petplan

– PetPremium

– Pets Best

– Trupanion

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