Average Cost Of Pet Insurance For Dogs

According to their last published records consumer intelligence data revealed that the average annual premium for pet insurance costs between may 2017 and may 2018 was 287 equating to just over 23 90 per month.

Average cost of pet insurance for dogs. All it takes is one accident or illness to justify the cost of a policy. What is the average cost of pet insurance. Average cost of a pet insurance claim the cost of an average pet insurance claim increased to 793 in 2018 from 757 in 2017. The ovma study estimated pet insurance to cost 933 per year for a puppy and 444 for a kitten.

This is a marked increase on 2014 when the cost was just 456. As we ve already noted this amount can vary considerably depending on a range of factors. Our survey found that the average amount pet owners shell out for dogs aged seven to 10 is 526. This figure is based on the national average but can vary depending on coverage choices and the other unique factors.

The breed of cat or dog you own can make a significant difference to how much it costs to insure it. The insurance trade group says that accident and illness coverage per year averaged 473 for dogs and 285 for cats in 2014. A one year policy on its own is going to be a lot cheaper during the early years of your dog or cat s life but it will start to get more expensive when they get to six or seven years old. In the united states the average cost of pet insurance is roughly 492 per year or 41 per month.

Found the average cost of a lifetime pet insurance policy is a fur raising 472 a year for a dog and 285 for a cat. How much does pet insurance cost. Accident only policies ran 158 and 132 respectively. There has been a huge increase over the last six year.

We ll go over these later in this post. 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. 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. 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.