Average Pet Insurance Cost Per Month

On average pet insurance for a dog costs 59 per month.

Average pet insurance cost per month. 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. The price of your pet insurance policy will vary depending on what type of policy you want. Does pet insurance cost more than it used to. Lifetime pet insurance the most comprehensive type of pet insurance costs around 27 41 per month on average.

Removing the most expensive insurer trupanion brings the average cost down to 55. 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. As we ve already noted this amount can vary considerably depending on a range of factors. We ll go over these later in this post.

What is the average cost of pet insurance. According to the association of british insurers abi pet insurance costs an average of 57 more than it did in 2007. On average fees for an annual insurance plan will be 293 for a dog and 246 for a cat but they can be significantly more 4. 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.

The insurance trade group says that accident and illness coverage per year averaged 473 for dogs and 285 for cats in 2014. However the typical pet owner should expect to find a mid tier plan with decent coverage for about 30 to 50 per month. Accident only policies are cheaper than accident and illness policies. Pet insurance that covers both accidents illnesses starts from around 23 per month 274 a year for dogs and 10 for cats 117 a year for cheaper policies with just 2 000 of cover.

This range does at first glance seem wide. Your premium payments will usually be fortnightly or monthly making the overall cost easier to manage. For instance the average cost of accident only pet insurance insurance is just 6 to 10 per month but accident only cover won t cover the majority of vet bills which are for treating illnesses not accidental injury. With the higher costs associated with more at risk animals among other factors.

Accident only policies ran 158 and 132 respectively. The average pet insurance policy premium in 2019 for dogs was 48 78 per month for dogs and 29 16 per month for cats. The cost of pet insurance plans can vary depending on a range of factors. In the united states the average cost of pet insurance is roughly 492 per year or 41 per month.

Annual reimbursements capped out at 5 000 at 70 to 80 of vet costs.