What is the average cost of pet insurance per month?

It is true that you would opt for the best pet insurance company USA to invest in insurance for your beloved pet. But you cannot be completely oblivious or ignorant of the cost of pet insurance per month and whether it fits into your budget.

You need the best pet insurance for your precious pet but this intention backed with love should be substantiated by a rational choice. So, it is necessary to understand how much will a pet insurance cost you?

What is the average cost of pet insurance per month?

Research reveals that the average pet insurance plans range from $25 and $70 for dogs. While for cats, pet insurance would cost from $10 to $40. These are monthly premium costs, which are subjective to many factors that we will discuss later.

The average cost for dog insurance will be 60% higher as compared to cat insurance for illness policies and accident. As your pet gets older the premium that you will pay will be higher and the cost of pet insurance will be high. If you have a larger animal as your pet the insurance cost will hike.

Let’s make a note of some important factors that affect pet insurance:

• Age:

The cost of pet insurance plans varies according to the pet’s age. Most companies increase the cost of pet insurance plan as the age increases. It is quite obvious because, old pets are more susceptible to illness and injury. The cost of the plan reflects in the risk that is borne by the insurance company. Its best to invest in a pet insurance plan that doesn’t decrease the coverage as your pet ages.

• Species:

The cost of dog insurance is higher as compared to cat insurance as we mentioned earlier. Dogs are usually bigger than cats and the vet costs are higher for their needs. Also, as it is statistically found that the claims submitted for dogs are higher than the cats. But it is worth noting that a pet insurance premium for dogs isn’t always higher as compared to cats.

• Breed:

The pet’s breed is one vital consideration while deciding the cost of pet insurance. The premium calculation differs as per the breed due to the size and predisposition of genetic conditions.

For some breeds the cost of surgery or treatment of any kind is higher. The genetic predisposition to certain injuries or any kind of genetic illness puts some breeds at higher risk leading to higher premium.

• Gender:

Research and claim data reveal that insurance companies are approached more for male pets than female pets. Thus, there is a difference in the pricing as well. Female pets are considered to be at a lower risk so the cost of pet insurance is priced accordingly.

• Location:

The fees for veterinary are much higher in metropolitan, urban areas as compared to rural or suburban areas. Care is advanced in big cities with wider choice of care centers. Thus, there is a difference in the cost of pet insurance. If you live in a city it is higher.

TrustedPals is here to walk you through the decision making of investing in pet insurance for your beloved pet.

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