How Much Does Pet Insurance Cost? (2024)

Pet insurance helps pay for your pet’s medical care. People often wonder, “How much does pet insurance cost?” When it comes to these expenses, the vet visits and any necessary medical or surgical procedures will eat up most of your budget. In the event of an emergency, your pets will have access to top-notch medical care and legal representation with the help of pet insurance.

How Much Does Pet Insurance Cost? (1)

How Much Does Pet Insurance Cost?

We will look at average prices, what makes it cheaper or more expensive, and give tips to save money. This is important for keeping your pets healthy and not spending too much.

This article will talk about the price of pet insurance, what changes the cost, and how to find a good plan. Guiding you toward the coverage that’s right for your furry friends.

Table of Content

  • Is Pet Insurance Expensive?
  • Pet insurance: what does it cover?
  • Do You Know What Pet Insurance Doesn’t Pay For?
  • How Much Is Pet Insurance for dog?
  • How Much Is Pet Insurance for Cats?
  • Should You Invest in Pet Insurance?
  • 7 Factors That Impact Pet Insurance Prices
  • Pet Insurance Providers in India

Is Pet Insurance Expensive?

Being a pet parent isn’t inexpensive, especially with the increasing cost of normal costs for animals each year. The yearly expense of vaccinations, tick treatments, grooming, etc., can range from 10,000 to 54,000 rupees.

On average to get quotations for accident-and-illness insurance for the following animals: a male medium-mixed-breed dog, a female golden retriever, a male mixed-breed cat, and a female Siamese cat. The animals’ ages ranged from 2 to 5 years old. On average, each service provided 200 bids for all species..

Pet insurance: what does it cover?

Different policies are offered by each pet insurance company. Nevertheless, the following are often covered by the most popular accident and illness policies:

  • Injury and accident cases (such as shattered bones, poisoning, bite wounds, etc.)
  • Examinations for diagnosis (bloodwork, MRIs, X-rays, CAT scans, etc.)
  • Allergies, cancer, epilepsy, ear infections, and mild ailments
  • Medications prescribed by a doctor
  • Surgical procedures

Checkups, behavioral treatment, immunizations, spaying/neutering, exam fees, microchipping, and other preventative care charges are often covered by an optional wellness add-on offered by most pet insurance companies.

Do You Know What Pet Insurance Doesn’t Pay For?

What pet insurance does not cover also differs slightly from one company to the next. But here are some things that most suppliers don’t cover:

Known medical issues, such as illnesses or problems your pet had before you enrolled them in the insurance plan

Accidents or diseases that occurred while your plan was in its waiting period

Wellness add-on plans and other forms of preventative treatment may cover these costs.

  • Surgical facelifts
  • Choice of treatment options
  • Breeding and pregnancy
  • Personal Care

After a certain waiting period, certain pet insurance providers, such as Embrace, will pay for a treatable prior ailment, provided the symptoms do not come again.

How Much Is Pet Insurance for dog?

  1. Monthly Premiums:Basic Coverage: This is like getting the essentials covered, such as accidents and minor illnesses. It can cost around $30 to $50 per month, which is like paying for a meal or two at a restaurant. Comprehensive Plans: These plans cover more things like major surgeries or ongoing treatments. They can cost between $50 to $100 or more per month, similar to what you might spend on groceries for a week.
  2. Annual Costs:Basic Coverage: If you pay around $30 to $50 per month, your yearly cost would be about $360 to $600. That’s like budgeting for regular check-ups and unexpected vet visits.Comprehensive Coverage: For more extensive coverage, costing $50 to $100 or more monthly, you’re looking at $600 to $1,200 or higher per year. This is similar to budgeting for unexpected surgeries or treatments that can be expensive.

So, when considering pet insurance for dogs, think about how much you’re comfortable spending each month and what kind of coverage your furry friend might need based on their health and activity level.

How Much Is Pet Insurance for Cats?

Monthly Premiums:

Basic Coverage: For cats, basic coverage is cheaper compared to dogs. It can cost between $15 to $30 per month, which is like buying a few snacks or drinks.

Comprehensive Plans: If you want more coverage, like for surgeries or ongoing treatments, it may cost around $30 to $50 per month or more. This is similar to what you might spend on a dinner out.

Annual Costs:

Basic Coverage: With basic coverage at $15 to $30 per month, your yearly cost would be approximately $180 to $360. It’s like setting aside money for regular check-ups and minor vet visits.

Comprehensive Coverage: For more extensive coverage, costing $30 to $50 monthly, you’re looking at around $360 to $600 or more per year. This is like budgeting for unexpected surgeries or major treatments.

Should You Invest in Pet Insurance?

Pet insurance is a must-have for many pet owners, but it’s not a good fit for everyone. Dog behaviorist and trainer Becky Simmonds of Breed Advisor says pet insurance might be a smart choice if:

  • You have doubts about your ability to cover unforeseen veterinary expenses.
  • Peace of mind is yours with insurance.
  • Hip dysplasia and cancer are two examples of hereditary conditions to which your dog or cat belongs.

Consider your individual needs while deciding whether or not to enroll your pet in a pet insurance plan. Pet insurance could be a lifesaver if you reside in a region with exorbitantly high veterinary costs or own a breed of dog that is more prone to health problems.

7 Factors That Impact Pet Insurance Prices

Pet’s Age and Breed:

Age: Older pets are more likely to develop age-related health issues, leading to higher insurance premiums. Younger pets generally have lower premiums due to lower risk.

Breed: Certain breeds are prone to specific health conditions. Insurers may charge more to cover breeds with higher risks, such as large dogs prone to hip dysplasia or brachycephalic breeds with respiratory issues.

Coverage Type:

Comprehensive Coverage: Plans that cover a wide range of treatments, including accidents, illnesses, and routine care, will have higher premiums due to the extensive coverage.

Basic Coverage: Limited plans that cover only accidents or specific illnesses tend to have lower premiums but may not provide as much overall protection.


Veterinary Costs: The cost of veterinary care varies by location. Areas with higher costs of living or limited access to veterinary services may have higher insurance rates.

Regional Risks: Some regions may have higher risks for certain pet health issues, affecting insurance pricing.

Deductible and Co-pay:

Deductible: Choosing a lower deductible (the amount you pay before insurance kicks in) usually leads to higher premiums. A higher deductible can lower premiums but increases out-of-pocket costs when filing a claim.

Co-pay: Opting for a higher co-pay (the percentage you pay after the deductible) can lower premiums but may result in higher costs for each vet visit.

Pet’s Health History:

Pre-existing Conditions: Pets with pre-existing conditions may face higher premiums or exclusions for those conditions. Insurers assess the pet’s health history to determine risk and pricing.

Previous Claims: Pets with a history of frequent or expensive claims may have higher premiums due to increased risk for the insurer.

Coverage Limits:

Annual Limits: Plans with higher annual coverage limits for treatments and procedures typically have higher premiums to reflect the increased coverage.

Lifetime Limits: Some plans have lifetime limits on coverage. Plans with higher lifetime limits or no limits will have higher premiums.

Insurance Provider:

Policy Options: Different insurers offer various policy options with different coverage levels, limits, and benefits. Premiums vary based on these factors.

Customer Service and Reputation: Insurers with excellent customer service, strong financial stability, and a good reputation may charge higher premiums for their services and reliability.

Average Cost of Cat Insurance by Company

Insurance CompanyBasic Coverage (Monthly)Comprehensive Coverage (Monthly)Basic Coverage (Annual)Comprehensive Coverage (Annual)
Healthy Paws$15 – $25$30 – $40$180 – $300$360 – $480
Nationwide$20 – $30$35 – $45$240 – $360$420 – $540
Petplan$25 – $35$40 – $50$300 – $420$480 – $600
Embrace Pet Insurance$30 – $40$45 – $55$360 – $480$540 – $660

Average Cost of Dog Insurance by Company

Insurance CompanyBasic Coverage (Monthly)Comprehensive Coverage (Monthly)Basic Coverage (Annual)Comprehensive Coverage (Annual)
Trupanion$30 – $40$50 – $60$360 – $480$600 – $720
ASPCA$35 – $45$55 – $65$420 – $540$660 – $780
PetFirst$40 – $50$60 – $70$480 – $600$720 – $840
Petplan$45 – $55$65 – $75$540 – $660$780 – $900

Pet Insurance Providers in India

In India, several reputable companies offer a range of insurance policies catering specifically to the needs of pet owners. Among these providers are:

1. The New India Assurance Company Limited:

  • Overview: As one of the oldest and most trusted insurance companies in India, The New India Assurance Company Limited extends its services to pet insurance. They bring a wealth of experience and a reputation for reliability to the realm of pet coverage.
  • Coverage Options: New India Assurance likely provides a variety of coverage options, including medical expenses, surgeries, and possibly even routine care for pets. Their policies are designed to alleviate the financial burden associated with unexpected veterinary costs.

3. Go Digit General Insurance Limited:

  • Overview: Go Digit is a relatively newer entrant to the insurance scene but has quickly gained recognition for its innovative and customer-centric approach. They extend their services to pet insurance, embracing the evolving needs of pet owners.
  • Coverage Options: Go Digit’s pet insurance likely encompasses a wide array of coverage, ensuring that pet owners have comprehensive protection. This may include coverage for accidents, illnesses, and possibly even additional perks such as coverage for boarding costs or third-party liability.

3. Bajaj Allianz General Insurance Company Limited:

  • Overview: Bajaj Allianz is a prominent name in the Indian insurance sector, offering a diverse range of insurance products. In acknowledgment of the growing importance of pets in households, they have incorporated pet insurance into their portfolio.
  • Coverage Options: Bajaj Allianz’s pet insurance policies are likely crafted to provide extensive coverage. This may include coverage for veterinary consultations, surgeries, and medications. Additionally, they might offer customizable plans to suit the unique needs of different pets.

Considerations for Pet Owners

  • Policy Specifics:Each provider may have unique aspects to their policies, such as waiting periods, exclusions, and coverage limits. It’s crucial for pet owners to thoroughly understand the specifics of the policies they are considering.
  • Cost Factors:The cost of pet insurance can vary based on factors like the pet’s age, breed, and the level of coverage chosen. Pet owners should obtain quotes and compare costs to find a policy that fits their budget.
  • Customer Reviews:Checking customer reviews and testimonials can provide insights into the experiences of other pet owners with a particular insurance provider. This can be valuable in gauging customer satisfaction and the efficiency of claims processes.


Every pet parent’s question: “How much does pet insurance cost?” has been thoroughly examined in this furry rollercoaster of life. Insurance for our four-legged friends isn’t just about the money; it’s about getting peace of mind, as we’ve learned while navigating the maze of coverage options, premiums, and deductibles.

With all the mischief our pets may get into and the curveballs life can throw at us, having pet insurance can be a lifesaver when it comes to those pesky unexpected vet costs. The real worth of pet insurance lies not in the figures but in the irreplaceable moments you get to spend with your cherished pets, knowing they’re protected from head to tail, so keep that in mind as you begin the process of covering your furry family member. Celebrating an endless supply of purrs, wagging tails, and carefree experiences!

How Much Does Pet Insurance Cost? – FAQs

Do you get money from pet insurance?

Pet insurance is designed to provide financial assistance in covering veterinary expenses for your pet’s medical care. When you claim eligible expenses, the insurance provider reimburses you for a portion of the covered costs, helping mitigate the financial burden associated with your pet’s healthcare.

How much does pet insurance cost in India?

Pet insurance in India typically costs between INR 3,000 to INR 30,000 per year, depending on the pet’s breed, age, and coverage details. Basic policies are less expensive, while comprehensive plans with higher coverage limits cost more.

Is pet insurance worth it in India?

Pet insurance can be worth it in India if you want to cover unexpected veterinary costs, surgeries, and treatments. It provides financial protection and peace of mind, especially for pets prone to health issues. Evaluate the policy details and compare with expected veterinary expenses to decide if it’s suitable for you.

How much is pet insurance in Canada?

In Canada, pet insurance costs vary based on the type of pet, breed, age, and coverage plan. On average, dog insurance ranges from CAD 40 to CAD 70 per month, while cat insurance ranges from CAD 20 to CAD 40 per month.

How much is dog food per month?

The cost of dog food per month varies based on the dog’s size, breed, and dietary needs. On average, dog owners spend between USD 20 to USD 60 per month on dog food. Premium or specialized diets can increase this cost.

How do you use pet insurance?

Using pet insurance involves a straightforward process. After your pet receives medical treatment, you submit a claim to your insurance provider along with relevant invoices and medical records. Once the claim is processed and approved, you receive reimbursem*nt for the covered expenses, allowing you to focus on your pet’s well-being without the added stress of significant veterinary bills.

What is the cost of pet insurance?

The cost of pet insurance varies based on factors such as your pet’s age, breed, location, and the level of coverage you choose. On average, monthly premiums range from $20 to $50. While it involves an ongoing cost, pet insurance can save you money in the long run by covering unexpected veterinary expenses.




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How Much Does Pet Insurance Cost? (2024)


What is the average cost of pet insurance in US? ›

Average Pet Insurance Cost

According to our research, pet insurance costs $720 a year for dogs and $384 for cats, with an overall average monthly cost of around $46 per month. To determine pricing, our team secret-shopped with 21 national pet insurance providers and gathered over 17,330 quotes in all 50 U.S. states.

How much of vet bills does pet insurance cover? ›

After you've met your deductible, the reimbursem*nt rate is the percentage of your vet bills that your insurance company will cover. These usually range between 70% and 90% of the cost of care, with some providers offering as low as 50% and others offering as much as 100%.

Is pet insurance very expensive? ›

The average cost for pet insurance is $53.34 per month for dogs and $32.25 per month for cats.

How is pet insurance calculated? ›

Insurance underwriters determine premiums by analyzing financial risks, so your plan cost will vary based on where you live, your pet's health, and historical or breed-related data that can indicate future risks.

What are the pros of getting pet insurance? ›

  • Pet insurance can significantly reduce out-of-pocket veterinary expenses.
  • There are several types of pet insurance, so you can choose the policy that works best for you.
  • Pet insurance can eliminate the need to choose between your financial well-being and your pet's health.

Does pet insurance cost increase with age? ›

While some pet insurance companies may occasionally claim to not increase with a pet's age, you'll still find that those premiums increase over time. These policies may attribute these increases to other factors like rising veterinary costs or inflation, but they'll still go up over time.

What are the three types of pet insurance? ›

Pet insurance companies typically divide their products into 3 main categories: accident-only, accident and illness, and wellness coverages. Each level offers specific services that are covered and excluded and will vary by price. Insurance policies are usually broken down by the type of pet being insured.

Is it worth claiming on pet insurance? ›

It's usually not too difficult to know when you should claim, and you can always check your policy documents or speak to your insurance provider if you're not sure. The only time it might not be worth claiming is if your policy excess – that's the amount you pay to make a claim – is more than the cost of the treatment.

How quickly does pet insurance kick in? ›

What Are Typical Pet Insurance Waiting Periods? The typical waiting period is 14 days, particularly for illness coverage. Some pet insurance providers have a waiting period of only a few days for accident coverage. Hereditary conditions such as hip dysplasia typically have much longer waiting periods — up to a year.

What is the best level of pet insurance? ›

Lifetime policies

These policies cover your pet for their entire life, taking care of expenses for both illnesses and injuries. Although they are the most expensive option, they offer the highest level of protection, with coverage limits that reset annually upon policy renewal.

Is pet insurance tax deductible? ›

Is pet insurance tax deductible? Pet insurance may be tax deductible. For example, pet insurance can be tax deductible if your pet is a service animal or performs in a way that contributes to your annual income.

How much is lemonade pet insurance per month? ›

Compare Lemonade To Other Pet Insurance Companies
CompanyMonthly CostAccident Waiting Period
Our Top Pick Lemonade EXPLORE PLANS$41-$522 days*
Spot Pet Insurance EXPLORE PLANS$51-$6814 days
ASPCA Pet Health Insurance EXPLORE PLANS$38-$5014 days
Fetch Pet Insurance EXPLORE PLANS$43-$50up to 15 days
5 more rows
Jun 28, 2024

How much should I be spending on pet insurance? ›

The average pet insurance cost for dogs is $576 per year and the average pet insurance cost for cats is $336 per year, based on Forbes Advisor's analysis. That's for a policy with $5,000 of annual coverage, a $250 deductible and an 80% reimbursem*nt level.

What is the average deductible for pet insurance? ›

Deductibles generally range from $0 to $1,000. According to Nationwide, most pet owners choose an annual deductible of $250. Deductibles vary by pet insurance provider and their policies, but pet parents should prepare to pay out of pocket for a veterinary bill until meeting the plan's deductible.

Do most dog owners have pet insurance? ›

About half, or 44.6%, of pet owners stated they currently have pet insurance in our survey. On a larger scale, NAPHIA's 2022 State of the Industry Report found that more than 4.41 million pets were insured in North America in 2021, up from 3.45 million in 2020.

How much do Americans spend on pet insurance? ›

The average pet insurance cost is $676 per year for dogs and $383 for cats for the most common type of policy.

How much does the average American spend on pet care per month? ›

The cost of dog ownership

More than a quarter of Americans we surveyed (26%) spend $51 to $100 a month on their dog. An equal number (26%) spend between $101 and $250 per month on dog care. Roughly 1% of survey respondents spend more than $5,000 on dog-related expenses each month.

Why is pet care so expensive in the US? ›

Salaries. It takes a lot of people to provide health care for pets. Pet owners see the receptionists, veterinary technicians, and veterinarians, but they may not see the multitude of animal care personnel who work diligently cleaning kennels, feeding patients, walking dogs, mopping floors, and washing bath towels.

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