Pet Insurance Cost: The Definitive Guide
Pet insurance is a category of property insurance that covers our beloved pets. While the policies do cover healthcare, they are categorized differently due to the fact that the policies cover non-human health and life. Many different insurance companies offer coverage in a wide array of packages that can cover short-term and long-term health issues, as well as life insurance policies for your beloved Fido.
Best Comprehensive Plans
Best for Deductibles
The rates for pet insurance will vary according to the pet’s age and breed. To insure a dog, rates run up to $28 per month and cat insurance costs up to $18/month. Companies offer different levels of care, often two: basic and premium. With premium care comes a higher monthly rate, but you may save on the deductible and copay. Generally, deductibles are around $50 and copays run between 10-50%.
Unfortunately, your beloved pet is not covered under the Affordable Care Act, so any pre-existing conditions will likely not be covered. However, many chronic conditions will be covered, in addition to any emergency care.
Life insurance policies on a pet most often are done on a replacement-cost basis. So, the policy might pay out the initial purchase price of a purebred Pomeranian, for instance, or it might base the claim on the current market value of the pet. Different policies might be based on other factors, such as their worth as breeders, or their value in some sort of working capacity, as in shepherd dogs.
However, it is more likely to be carried by those who have special breeds. If you have a breed that is known to suffer particularly expensive ailments, then you might want to insure your beloved against future illness.
Every pet owner should consider purchasing insurance so that when the unforeseen occurs, you have a policy that can help to absorb some of the cost. For instance, your beloved Siamese may decide that it wants to start eating string. While that may seem cute at first, this somewhat destructive habit can result in dire problems for your kitty’s gastrointestinal tract. The surgery cost might catch you off guard if you don’t have cat insurance.
For the price of pet insurance, humans get a lot of peace of mind. In addition to that, they receive significant reductions in the up-front costs associated with regular check-ups, shots, spaying and neutering, as well as cancer treatments and specialist care. You might also have a plan that covers dental care, acupuncture treatments, and chiropractic adjustments.
It is unlikely that your policy would cover any elective surgeries, pre-existing conditions, boarding, grooming, or any nutritional needs, including prescribed foods. However, these costs aren’t normally considered as a part of any human health care plan, so their exclusion can be overlooked. Check your plan for specifics on what is covered.
Dog Insurance Cost
Dog insurance policies are plans that can cover any range of canine health matters, from distemper shots and mange treatments to routine check-ups and vaccinations. Most any veterinarian can handle some form of dog insurance, but make sure that your plan will work with your favorite dog. After all, not every dog will get along with every veterinarian.
Dog owners from all walks of life carry insurance on their dogs. Basic policies have a reasonable monthly cost and deductibles aren’t too steep for most procedures. Dog insurance policies are not just for purebred owners, or those who use their dogs in an occupational capacity, such as shepherds or therapy dogs. If you have a dog whose breed is known for particular health issues, or if you plan to keep regular veterinarian visits as part of your routine, a dog insurance policy is for you.
If you own a particular breed, it is more important to carry dog insurance. Individual breeds carry their own unique health problems. Dachshunds, for instance, may have back troubles later in life and some retrievers have hip problems.
In fact, there are very few purebreds that don’t have known genetic health problems. Add to this the danger of theft, and it becomes more imperative to cover your pooch with a policy. Though it may not seem right to place a dollar figure on your best friend, a purebred doggie can be quite costly. If he were to be scooped up by some nefarious bad guys, you’d want some sort of financial recourse. Naturally, you can work to ameliorate this problem by having your veterinarian insert a harmless homing chip in your dog so that he might be found in a timely manner.
Every dog owner should carry dog insurance from puppyhood clear through to the golden years. Not only do these policies help take care of routine veterinarian visits, but they also help out with unforeseen emergencies or disease. Not all dogs get along and your pup may encounter an aggressive pooch at the dog park or on your regular walk route. It’s also possible that your four-legged friend will contract a chronic skin disorder or need to have work done on his hip. When you have insurance, the initial out-of-pocket cost won’t cripple the rest of your family and you’ll end up with a healthy, happy pooch that will be eternally grateful.
Ultimately, what you get for the cost of dog insurance is peace of mind. Your copay and deductibles will be nominal, relative to the overall cost of a procedure, and the monthly cost of dog insurance tends to peak at around $28. Many plans won’t restrict your choice of veterinarian, so if your dog gets into trouble with a beehive while hiking in the Adirondacks, but your vet is back in Boise, you won’t have any troubles with the local veterinarian office.
Cat Insurance Cost
Cat insurance provides for your kitty when it is time to get shots, have a check-up, and take care of illness or injury. Paying into a feline insurance plan is an affordable way to ensure that your kitty is covered and it may help you provide needed care if the worst happens. Cat insurance is peace of mind for your favorite ball of fur. You will be happy you purchased it, especially as she ages.
Cat insurance is available from many major insurers and you are likely to discover that many top breeders insure their cats, as well as fanciers who love specialized breeds. It is especially recommended to carry insurance on a purebred cat who is allowed outside. While we would like to think that our cats restrain themselves to our backyards, or maybe a little beyond, studies show that cats can have a roaming radius of several miles, including over major roads.
With that in mind, those who have adorable, non-purebred tabbies should also consider insurance. Considering that the cost can be as low at $11 per month for a standard plan, having the sort of peace of mind that insurance provides is invaluable for any animal lover.
Those $11 plans can cover illness and other health-related matters up to $9,000 per year. That can cover a lot of check-ups, chronic conditions, and emergencies. Since you can transfer care to any veterinarian anywhere, there is extra worry with finding a vet in your plan when you move across town or out-of-state. With an increase in coverage, your plan might even cover acupuncture treatments, chiropractic adjustments, or other non-medical procedures that may benefit and enhance the life of your feline family member.
With a deductible that is often around $50 and copays that are affordable, cat owners get a lot of benefit from their insurance plans. They can have access to surgeries when their beloved eats too many buttons, or when they have a scrap with another animal. Chronic conditions can be covered and even prevented when cat owners take their kitties in for vaccinations, check-ups, and other routine visits.
If your cat runs away or is abducted, your policy may also help to reimburse you, particularly if you have a special breed. Some policies replace the initial, kitten cost of the cat, but others base a claim’s payout on the market value of the cat at the time of his disappearance. While it is never fun to consider a family friend in such financial terms, it may be a solace to receive a benefit in such hard times. Replacement costs may be of particular interest to those who breed their cats or use them in a professional capacity, such as in a therapeutic setting. It may come as a surprise, but some people have managed to tame and train their petite pumas to perform in Internet videos, where their value reaches a premium very quickly.
No matter what sort of animal you have, there is probably an insurance plan available for it. Livestock owners in particular often take advantage of insurance plans to cover their herds of milk cows, beef cattle, or even horses. As most pet owners are aware, veterinary care is not cheap and can quickly eat into a household budget. Buying into an insurance package that will kick in when the worst comes to pass is a wise investment that any home economics expert would endorse.
While pet insurance comes with some costs, you will always be happy that you’ve chosen to cover your beloved companion from health problems.