Average Pet Insurance Cost

An overview of pet insurance cost.

Average pet insurance cost. The monthly premium can range from as low as 10 to higher than 100 though most pet owners can expect to pay between 30 and 50 per month for a plan with decent coverage. What is the average cost of pet insurance. 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. Therefore you ll start out paying less when your dog is younger and end up paying more as they get older.

Accident only policies ran 158 and 132 respectively. The cost of pet insurance plans can vary depending on a range of factors. 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. On average most insurance policies for both cats and dogs are going to cost anywhere from 15 to 68 per month.

50 of people could achieve a quote of 157 20 per year for their pet insurance based on compare the market cat and dog insurance premium data for all cover types in may 2020. A pet insurance policy for a dog or a cat starts at 12 month at lemonade. There has been a huge increase over the last six year. 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.

We ll go over these later in this post. The insurance trade group says that accident and illness coverage per year averaged 473 for dogs and 285 for cats in 2014. Keep in mind that most policies will not insure older pets older than seven or pets with a pre existing condition such as cancer but this will vary from provider to provider. This is a marked increase on 2014 when the cost was just 456.

It is worth noting that although this is the average for the industry the average for bought by many or other insurers may differ. It s worth noting that pet insurance premiums rise as your pet ages. How much does pet insurance cost. We averaged the five cheapest lifetime policy quotes for eight dog and seven cat breeds on a comparison site using a cambridge postcode.

Our survey found that the average amount pet owners shell out for dogs aged seven to 10 is 526. The average cost of pet insurance. The cost of an average pet insurance claim increased to 793 in 2018 from 757 in 2017. The average pet insurance premium for compare the market customers in may 2020 was 158 a year.

This is what we ll cover. Average pet insurance costs how much you pay for pet insurance varies widely. The breed of cat or dog you own can make a significant difference to how much it costs to insure it. In the united states the average cost of pet insurance is roughly 492 per year or 41 per month.

As we ve already noted this amount can vary considerably depending on a range of factors. How much does pet insurance cost. What is the average cost of pet insurance.