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How Much Does Pet Insurance Cost?: Pet Insurance Cost Factors & Buying Tips

By Kara Bednarik

How much does pet insurance cost?

Pet insurance prices vary and can be as low as $1 per day. Your monthly premium is determined by the following pet-based and policy-based factors.

What Impacts the Cost of Pet Insurance?

Pet-Based Cost Factors

  • Age. The odds of a claim being filed increases just as your pet’s age does each year, which is why your pet’s age is factored in to the cost of your policy. The price of most pet health insurance increases as your pet ages.
  • Breed. Certain breeds are prone to particular injuries or illnesses, and larger breeds require higher doses of medications. For example, large breed dogs like Mastiffs and Retrievers are prone to gastric torsion (also known as bloat) that can cost between $1,500 and $7,500 to treat. Or Poodles being susceptible to Addison’s disease that can cost between $1,000 and $5,000.

    Bonus Tip: Wondering what conditions your pet’s breed may be prone to? Check out our Dog and Cat Breed Libraries.
  • Sex. Statistically, there are more claims submitted for males than females. Just like boys and men have higher rates for car insurance, pets follow similar trends!
  • Species. More claims are filed for dogs than cats, and their care is more expensive. That’s why your dog’s rate is typically higher than your cat’s.
  • Location. Veterinary costs are typically higher in New York City and Los Angeles than in Cleveland and Boise. Pet insurance rates reflect that.

Policy-based Cost Factors

Embrace Pet Insurance offers the flexibility of personalized policies, so your pet insurance costs will always fit your budget and needs without sacrificing coverage. While some companies have cookie-cutter plans that leave little wiggle-room, Embrace gives you options. You choose your:

  • Deductible. If you want a catastrophic plan with a high deductible, you’ve got it. But what if you want your reimbursement to kick in much sooner? We have low, middle, and high deductibles to personalize how you like. A lower deductible plan will be a little more each month, while a higher deductible will reduce the pet insurance  premium.
  • Reimbursement Percentage. A higher percentage of reimbursement on your plan means a higher pet insurance cost for you because you accept less of the “risk,” while a lower reimbursement percentage means a lower cost.
  • Annual Maximum. Just like reimbursement percentage, the higher the annual maximum that you select, the higher the cost for you. We offer several different maximums that you can choose from to make your policy fit your budget.

The good news is that price of your pet insurance policy will never increase based on claims filed or the health status of your pets.

While you can't predict when your pet is going to get sick or injured, you can protect yourself from expensive veterinary bills. Embrace Pet Insurance gives you the freedom to do what’s best for your pet without stressing over the cost. Easily personalize your coverage to fit your budget and your pet’s needs, then visit any vet for nose-to-tail coverage. Check out what the Embrace plan covers or compare pet insurance providers to learn more.

Mind if we pay your vet bills?

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Copyright 2005-2019

Pet health insurance is administered by Embrace Pet Insurance Agency, LLC and underwritten by one of the licensed insurers of American Modern Insurance Group, Inc., including American Modern Home Insurance Company d/b/a in CA as American Modern Insurance Company (Lic. No 2222-8), and American Southern Home Insurance Company. Coverage is subject to policy terms, conditions, limitations, exclusions, underwriting review, and approval, and may not be available for all risks or in all states. Rates and discounts vary, are determined by many factors, and are subject to change. Wellness Rewards is offered as a supplementary, non-insurance benefit administered by Embrace Pet Insurance Agency in the United States. © 2016 American Modern Insurance Group, Inc.