Average Cost of Pet Insurance for Dogs

Average Monthly Premiums for Dog Insurance

The monthly premium for pet insurance for dogs generally falls within a specific range depending on the dog’s age, breed, and the level of coverage. Here’s a breakdown of the average premiums for different age groups of dogs:

• Under 1 Year Old: Approximately $25 to $35 per month
• 1 Year Old: Around $30 to $40 per month
• 3 to 5 Years Old: Approximately $35 to $50 per month
• 6 to 8 Years Old: Around $45 to $60 per month
• 9+ Years Old: Approximately $60 to $75 per month

These premiums are based on typical policies with accident and illness coverage, along with a $500 deductible and 80% reimbursement rate. The premium may vary depending on your provider and the specific policy terms.

Factors That Influence the Cost of Dog Insurance

Several factors can impact the cost of pet insurance for dogs. These include:

• Age: Younger dogs generally have lower premiums because they are less likely to develop serious health conditions compared to older dogs.
• Breed: Some dog breeds are more prone to certain health conditions, which can result in higher premiums. For example, larger breeds or breeds with known genetic issues may have higher premiums.
• Location: Veterinary care costs vary by region, so the location where you live can impact your insurance premiums.
• Coverage Options: The type of coverage you select can affect your premium. Basic accident-only coverage will generally have lower premiums, while comprehensive policies with wellness and routine care add-ons will have higher premiums.
• Deductibles and Limits: Higher deductibles and lower coverage limits can help reduce your premiums, while lower deductibles and higher limits will increase the cost.

Sample Monthly Premiums by Provider

Here are some sample monthly premiums for a 1-year-old, medium-sized dog with accident and illness coverage:

• Figo: $25
• Lemonade: $30
• Pets Best: $40
• Trupanion: $55
• Fetch by The Dodo: $45

Premiums can vary significantly depending on your dog’s age, breed, and location. Be sure to shop around and get quotes from multiple providers to find the best plan for your budget.

Recommended Providers for Dog Insurance

When shopping for pet insurance for your dog, it’s important to choose a provider that offers good value for the coverage provided. Some popular providers for dog insurance include:

• Figo: Known for affordable premiums, starting at $25 per month for accident and illness coverage.
• Lemonade: Offers competitive premiums and an easy-to-use app, with monthly premiums around $30 for accident and illness coverage.
• Pets Best: Offers customizable plans, with premiums starting at $40 for comprehensive coverage.
• Trupanion: Offers comprehensive coverage for accidents, illnesses, and hereditary conditions, with premiums starting at $55.
• Fetch by The Dodo: Known for flexible coverage options, with premiums around $45 per month for accident and illness coverage.

Make sure to compare quotes from multiple providers and choose the one that offers the best coverage for your dog’s needs and your budget.

How to Save on Dog Insurance Premiums

If you’re looking to reduce your dog’s insurance premiums, here are some tips to help you save money:

• Choose a Higher Deductible: Opting for a higher deductible can lower your monthly premium. Just be sure you can afford the higher deductible in case of an emergency.
• Limit Coverage Add-ons: If you don’t need coverage for routine care or wellness visits, avoid adding these extras to your plan to keep costs lower.
• Bundle Your Policies: Some insurers offer discounts if you insure multiple pets or bundle pet insurance with other types of insurance, such as home or auto insurance.
• Shop Around: Different insurance companies offer varying levels of coverage and pricing. Always compare plans from multiple providers to find the best deal for your dog.