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October 30, 2009, Newsletter Issue #103: What does pet insurance cost?
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Tip of the Week
Pet insurance costs will vary from company to company, and plan to plan. The plan specifics you choose, such as a deductible and co-insurance amount, will affect your overall cost. Generally, cats are less costly than dogs and insuring exotic pets might cost more.
However, you can expect to pay about $250-400 per year on pet insurance. Pet insurance than covers only accidents may be as low as $60 per year.
Many plans allow you to make a monthly payment. If you are considering pet insurance, you should budget about $25-30 per month per animal.
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