Similar to health insurance for humans, pet insurance covers a portion of veterinary bills for accidents, illnesses, and wellness procedures for your pets.
If you are worried about the price of high-quality medical care for your pet, then pet insurance might be right for you. Having pet insurance will give you peace of mind knowing you won’t have to choose between thousands of dollars in vet bills or the wellbeing of your furry friend.
Most pet insurance plans are reimbursement-based, meaning you will pay the bill, submit a claim to the insurance company, and then be reimbursed for the portion that is covered. Typically, you are responsible for the deductible and co-insurance and your pet insurance will reimburse you for the remainder.
On average, the cost for pet insurance is $20 to $50 per month. The cost varies based on the type of coverage, the type of animal and breed, your pet’s age, and your location.
Pet insurance coverage varies, but at a minimum it usually covers costs associated with injuries and illnesses such as diagnostic tests, surgery, and hospitalization. These vet visits are typically expensive and can cost between $100 and $2,500 or more.
Pet insurance policies typically will not cover pre-existing conditions, elective surgeries, or expenses related to breeding. Some policies also exclude routine or wellness care but you may be able to add this type of coverage for an extra cost.