Pet Insurance Nation


How Much Does Pet Insurance Cost?

By Sandy Smith | August 12, 2021

Pets are man’s best friend and an undeniable and integral part of our families. Apart from lighting up our lives, pets are also incredible companions that we can’t do without. Therefore, they should receive top-notch care, especially medical attention.

Unfortunately, vet fees can overwhelm you between frequent wellness checkups, pet accidents, and illnesses that require either medication or surgery. This is where pet insurance comes in to ease the financial burden by defraying costs.

As per the NAPHIA, (North American Pet Health Insurance Association) State of the Industry Report of 2020, a typical dog health insurance premium covering illness and accidents hit $48.78 per month or $585.40 annually.

The same report shows that cat owners have to part with $29.16 every month or an annual payment of $349.93.

The cost will hinge on the coverage you settle for, with some packages offering pet owners lifetime limits while others set annual limits per each medical condition. For instance, you can choose a plan for a $2,000 limit per condition, and you have to refresh the amount annually.

However, it must be noted from the onset that there is no ballpark figure for pet insurance plans. You may get one insurance company charging you a certain amount for your pet’s insurance and get a different insurer charging you way lower or higher for a similar plan.

Before you take insurance for your pet, there is information that you should have at your fingertips, and top on this list is the cost of pet insurance. In the same way that some factors determine your insurance premiums, others influence the premiums you’ll part with for your pet’s insurance policy.

Aspects That Influence the Cost of Pet Insurance


Your pet’s breed affects insurance premium calculations due to predisposition to genetics and size. Naturally, you’ll pay higher premiums for pets prone to hereditary conditions like diabetes, hip dysplasia, plus cruciate ligament injuries. 

Case in point, German Shepherds and Rottweilers are at high risk of hip dysplasia, which requires expensive surgery, meaning the premiums will hit the roof compared to other breeds like Cocker Spaniels. Also, compared to mixed breeds, mixed-breed pets are at less risk of genetic conditions, thus less expensive to insure. Also, regarding cats, some breeds like British Shorthair and Persian Cats will cost more to insure compared to other breeds like Ragdoll.


Some pets like dogs will also cost more to insure than cats because dogs are bigger, and their vet needs are likely to be higher.

In a nutshell, dog insurance cost more than a cat’s due to the many vet visits, high medical care, and surgeries. According to National Pet Owners Survey in 2019-2020 by the American Pet Products Association, a regular dog vet visit will cost $426 while a cat’s is $214.


Another aspect that may influence the cost of pet insurance is your location. If you live in big metropolitan areas, the cost of pet insurance will naturally be higher than someone living in rural or suburban locations. Aside from the fact that city vets charge higher due to the high cost of living, you’re more likely to come across cutting-edge pet care centers and alternative pet care clinics in swankier locations.


According to data from pet insurers, there are more claims for male pets than females, thus the discrepancy in the pricing. Female pets are deemed a lower risk, hence the lower premiums.


Pet insurance packages are priced with the age of the pet in mind, and as the pet ages, most insurers raise the cost of the plan. Older pets are more prone to injuries and illnesses, so the plan must reflect the additional risk.

Pet Deductibles

  • Annual Pet Deductibles

Pet deductibles will influence how much your pet insurance will cost. Pet deductibles come in various shapes. Some pet plans adopt annual deductibles, similar to your health insurance arrangement, where when you reach the deductible, the insured services are paid for. For the annual deductible plan, every year has a new deductible, but the instant it is paid off for that year, you can have peace of mind until the following year when you pay again.

  • Per-Incident Pet Deductibles

Other pet health plans embrace a per-incident deductible, where the moment you hit the deductible for a particular condition, for instance, hip dysplasia, the plan will cover it for the rest of the pet’s life. For every new health condition, you have to pay the deductible before its coverage becomes active.

Pet Insurance Discounts

Depending on the insurance company, you can get an array of discounts, including when you insure more than one pet. Veterans and active-duty members of the military also get pet insurance discounts.

There are also policy-based cost aspects of the cost of pet insurance. For instance, insurance policies with endorsement and riders, such as neutering and spaying, will cost more.

When searching for pet insurance, it pays to understand the way deductible works and if some claims are excluded. And remember accident coverage because most people opt for pet insurance for conditions such as cancer and forget accident cover, especially if you take your pet on vacation regularly or on car rides. 

All in all, getting pet insurance for your pet is undeniably important, and the more information you get about the pet insurance plans in the market, the more protected your pet will be.