Are you wondering how much dog insurance costs? Good news! Dog Ownership Guide has done the work for you to help uncover the monthly premium costs of pet insurance.
Dog insurance can cost anywhere from $6 to $155 a month. Pet insurance companies base the cost on:
- Pre-Existing Conditions
The monthly premium cost of pet health insurance also depends on how much coverage you select. You can select from illness and accident coverage, comprehensive coverage, and pet wellness coverage. The more the policy includes the more pet insurance costs.
The Cheapest Dog Insurance
The cheapest dog insurance is $8.79. However, it does not cover nearly as much as a dog needs no matter the age. This could lead to a devastating reality if something happens (injury or illness).
Average Cost of Pet Insurance
In this pet health insurance comparison, you can see how different pet insurance plans can cost.
Healthy Paws – $39.10
Trupanion – $63.61
Pets Best – $18.80
Embrace Pet Insurance – $24.16
ASPCA Pet Health Insurance – $32.21
PetFirst Pet Insurance – $23.19
Figo – $22.15
Nationwide – $60.52
* Rates are averages only and can change at any time.
The 2020 North American Pet Health Insurance Association (NAPHIA) reported that the average yearly premium for accident and illness coverage was $585.40 or $48.78 per month.
Many dog owners considering dog insurance ask if anybody recommends dog insurance. The answer is yes and many more are every year. The NAPHIA also reported a significant growth in pet owners choosing dog insurance plans at a rate of 15.6%.
Different Types of Pet Insurance Policies
Basic pet insurance plans offer coverage for treatment costs associated with injuries and illnesses. In addition to the basic offerings by most pet insurance providers, there are additions to pet insurance policies that can be made for more protection. This includes comprehensive coverage, which can include reimbursement for diagnostic testing, x-rays, prescription drugs, and more.
In addition to the basic and comprehensive coverage, many pet insurance companies offer wellness plans for routine care. These wellness plans offer discounts or budget programs to make routine care costs more affordable.
How Pet Age Influences the Cost of Dog Insurance
Pet age is a big factor in the cost of dog insurance with older pets costing significantly more than younger ones. How dog insurance works are similar to human health insurance. Older people’s health insurance costs more due to the high risk of illnesses and injuries.
Dog insurance costs can be greatly reduced with discounts for multiple pets or being a military member. TIP: When solidifying a policy with an insurance company, be sure to ask about discounts to ensure you’re receiving the lowest pet insurance premiums possible.
The Impact of Pre-Existing Conditions on Pet Insurance Costs
Pet insurance provides do not cover pre-existing conditions (including chronic conditions). This means if your dog was diagnosed with hip dysplasia, treatment for it won’t be covered if you get insurance.
The only time treatment for pre-existing conditions is covered is when the condition was curable. This means a diagnosed medical condition was completely resolved. If that condition resurfaces, pet insurance will cover it.
Read more about pre-existing conditions here: Dog Health Insurance for Pre-Existing Conditions
Dog Breed and Pet Health Insurance
Some dog breeds are at risk of suffering from more hereditary conditions than others. It’s why many pet insurance providers consider it when pricing their pet insurance plans.
Hereditary conditions include:
- Hip Dysplasia (Read Dog Insurance That Covers Hip Dysplasia)
- Elbow Dysplasia
- Patellar Luxation
- Intervertebral Disc Disease
Breeds with a high risk of suffering from hereditary conditions include:
- German Shepherds
- Sar Pei
- Golden Retriever
- Bernese Moutain Dog
- Labrador Retriever
The best pet insurance tip we can give you is to lock in an insurance policy as early as possible in a dog’s life. It will help with the costs of any vet bills due to hereditary conditions.
How Where You Live Influences Pet Insurance Costs
A dog that roams freely on a farm in Kentucky vs. one that is constantly leashed in New York City has different levels of risk. The risk of emergency care due to accidents increases the pet insurance premiums.
Pet owners should always consider how likely it is their dog will suffer from an illness or accident when thinking about the cost of dog insurance. The higher the likelihood of medical care, the higher the cost of pet insurance premiums.
How to Decrease the Cost of Dog Insurance
Pet parents can decrease the cost of dog insurance in many ways:
- Select a higher deductible.
- Take advantage of multiple pet discounts, military discounts, or animal assistance discounts.
- Insure all pets in the household because cat insurance is important as well. Cat insurance is also much less expensive than dog insurance.
- Keep your dog(s) healthy with regular veterinary care. As a pet age, a healthy one is less likely to suffer from age-related illnesses. Pet insurers pay attention to previous veterinary care and consider this in the cost of a dog insurance policy.
How to Choose the Best Pet Insurance
Pet parents can choose the best pet insurance for their pups simply by requesting quotes from different pet insurers. Each pet insurance company sets its own pricing, just like human health insurance companies, so it’s important to shop around.