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How Much Does Pet Insurance Cost?

Planning for your pet to have an accident or injury is impossible. Luckily, having pet insurance may be able to provide pet owners with financial coverage for approved expenses covered by their policy.2

 The National Pet Health Insurance Agency reports that the pet insurance sector has risen at an annual growth rate of more than 24%. Meanwhile, the number of insured pets in the United States has risen to more than 3.5 million.1 Clearly, pet insurance is an area of interest for pet owners in the nation. But how much does it cost?  Let’s start with the basics:

Pet Insurance Premiums 

What is a pet insurance premium? A premium is the amount of money a policy holder pays in exchange for insurance coverage.  A pet insurance premium may be determined by your pet’s age, breed, medical history, and geographical location, as well as the selected policy and coverage level.

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