pet health insurance average cost: what to expect and how to decide

Typical premiums and what drives them

For dogs, accident-and-illness plans often run $35–$70 per month; cats average $20–$40. The price reflects age, breed risk, location, and plan design-deductible, annual limit, and reimbursement. Lower premiums usually mean stricter caps or higher out-of-pocket costs.

How to budget the total

Expect annual deductibles around $250–$500, reimbursement choices of 70%–90%, and yearly caps from $5,000 to unlimited. Wellness add-ons may add $10–$25 monthly. Over a year, many owners spend $300–$900 in premiums, more for seniors or large breeds.

Pros and cons at a glance

• Pro: Protects savings from major surprises like surgery or cancer care.
• Pro: Broad provider choice; referrals to specialists are often covered.
• Con: Preexisting conditions are excluded, and waiting periods apply.
• Con: Premiums can rise over time; some plans omit exam fees or dental.

Tip: Compare at least three quotes, tweak deductibles to hit your budget, and read exclusions line by line.