Pet Health Insurance Costs Per Month
- The cost of pet insurance is subject to the type of plan selected. The most basic plan costs as little as $15 per month, while full coverage plans can run up to $80 monthly. Almost all plans require a deductible, which is usually around $100. Many plans offer a discount if the customer pays annually versus monthly. A few plans offer quarterly and semi-annual payment terms. Payment can be made via credit card, check or automatic debit, depending on the provider. The cost for pets of advanced age is higher, and certain breeds carry a higher cost for insurance. Most companies require the submission of claim forms for reimbursement, and most reimburse at 80 percent of the actual service charge.
- Pet insurance covers veterinary visits for wellness checkups, accidents and illnesses. Many pet insurance carriers offer different levels of coverage ranging from basic accident protection to premium coverage. Most basic policies cover annual required shots such as rabies. Premium policies cover surgeries, medications and hospitalizations. Continuing care coverage plans are also available as riders to basic coverage plans. Continuing care covers ongoing conditions that may not be covered under a standard plan.
- Websites such as PetInsurance Review list the monthly rates and coverage options of many top pet insurance providers for consumer comparison. Your veterinarian is a good source of information for pet insurance details as they have experience dealing with providers and may be able to recommend a provider based on your needs. Your current home insurance or car insurance provider can also be a resource of information. Progressive auto insurance currently offers pet injury coverage for their auto policy holders, as well as promoting the Pets Best Insurance on their website.
- Most pet insurance companies do not cover pre-existing conditions such as accidents or injuries occurring prior to coverage. Some basic plans exclude ongoing conditions such as allergies, diabetes or osteoarthritis, but premium plans or continuing care plans may cover these conditions. Congenital conditions such as defective growth development or birth defects are often non-covered items as are hereditary conditions. Most pet insurances cover pets regardless of age; however, there is a surcharge that applies to pets of advanced age.