How Much Is Pet Insurance?

As of early 2025, the average cost of pet health insurance was $60 a month for dogs and $32 a month for cats, according to Met Life. As you might expect, the policy details, where you live, and the type of pet you have are among the factors that can impact pricing.

Pet insurance offers a way to help pay for the care of your beloved animal — whether it’s a routine checkup or an emergency. However, just like health insurance for humans, choosing the right pet insurance policy can be complicated.

There’s a wide range of coverage options and policy costs to consider. And pet insurance may not be the right fit for every pet owner. Here’s what to know.

What Is Pet Insurance?

Though it has a lot in common with human health insurance coverage, a pet policy falls under the property and casualty insurance classification.

Pet insurance has been around for almost 100 years, but has only been available in the United States since 1982, when a subsidiary of Nationwide sold its first policy to cover the dog that played Lassie on TV.

As with health insurance for humans, pet insurance has a range of options and costs to consider.

And it’s growing in popularity: The North American Pet Health Insurance Association reports that, as of 2024, the industry’s revenue grew 22% year over year and passed the $4 billion mark for the first time ever.

Most of the almost 5.4 million insured pets are dogs (80% in 2025) and cats (20%). But some insurers may offer coverage for birds, fish, and other pets.

Pet policies are designed to protect pet owners from the high cost of taking their animal to the vet, dealing with medical emergencies, and treating disease. If a pet needs care, it could otherwise drain their owner’s checking account.

(If a pet bites another animal or person, those costs typically are covered by homeowner’s insurance.)

Types of Pet Insurance

There are a few types of pet insurance. Coverage can be limited to accident-only care for an animal, or it can be more comprehensive and include treatment for injuries and illness.

Some policies also include wellness costs, such as vaccinations, dental care, and medical tests. A few include extra benefits, such as coverage for pet care when an owner has an emergency, or coverage for vet care when the owner travels out of the country with the pet.

But preexisting conditions and cosmetic procedures usually aren’t covered. And policies may come with a waiting period of, say, a few days or a month, which means if a pet is diagnosed with an illness or is injured before that time is up, treatment for that condition won’t be covered.

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How Much Does Pet Insurance Cost?

The average cost of an accident and illness pet policy was $56.30 per month for a dog in 2025, or $675 per year, according to the North American Pet Health Insurance Association. For a cat, the average cost was $32 per month, or $384 per year. Adding wellness care and other benefits can increase the cost of a policy. So can the deductible, co-pay, and maximum coverage amounts the pet owner chooses. These costs are something to consider as you’re budgeting for a new dog or cat.

Reimbursement is typically 70%-90%, which means the insured pet owner can be reimbursed for up to 70%-90% of a qualifying claim. The deductible is typically $100, $250, or $500.

•  The cost of coverage also may be affected by where the pet owner lives. In cities or regions where veterinary practices generally charge more for office visits or treatments, the cost of pet insurance may be higher.

•  Coverage may cost more based on a pet’s breed and age as well. Because some purebred cats and dogs may be more susceptible to certain medical conditions, they can be more expensive to insure.

•  Age is a factor. The older a pet is, the more it may cost to get coverage — both at the time of enrollment and as the pet ages.

The good news is, there are typically no “out-of-network” provider charges to worry about with pet insurance. As long as the pet owner takes Fido or Fluffy to a licensed vet, and the expenses for the visit qualify, it’s just a matter of filing a claim. Some insurance companies may pay the vet directly, but most reimburse the pet owner after the claim is submitted and verified.

Recommended: 19 Tips to Save Money on Pets

How Can Pet Owners Find Prices and Plans?

Because every pet and every plan is a little bit different, it can pay to do some research.

An increasing number of employers now offer pet insurance in their benefits packages, which could mean a lower premium. So pet owners may want to check with their human resources department to see what their company has to offer.

It’s also easy to get an online price quote from many of the companies that offer pet insurance. A quick search will turn up several well-known insurers (Nationwide, Progressive, Geico, Allstate) that offer coverage, along with insurance companies that are strictly for pets. The insurer will ask a few questions (the pet’s name, age, gender, breed, any preexisting conditions), and then provide quotes for three or more plans, along with some details about the benefits those plans include.

It also may help to have an idea of what it costs to treat common (and not-so-common) problems a certain type of pet might encounter.

For example, a physical for a dog or cat can cost between $25 to $186 on average in 2025, depending on your location and the pet’s age. Those bills might be daunting but not necessarily devastating for a family’s budget. But an emergency vet visit with multiple overnight stays in an emergency clinic could be as much as $3,500. And surgeries your pet might require can run into the hundreds and even thousands of dollars.

Planning for those costs could help pet owners decide if insurance is something they should consider. (Your vet also may be able to provide some helpful information that pertains to your specific pet.)

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So, Is Pet Insurance Worth It?

As with so many financial decisions, there are pros and cons to purchasing a pet health policy.

Insurance may take some of the stress out of making treatment decisions for a beloved pet based on the ability to pay. Although there still could be out-of-pocket expenses to consider, it might help avoid what the pet insurance association calls “economic euthanasia,” when a pet owner makes the heartbreaking choice to put down a sick or injured animal because the required care is just too expensive.

Insurance also might help a pet owner avoid taking on credit card debt or depleting their savings account to pay for their pet’s care.

Another plus: Because policies can be customized, it may be possible to find one that provides basic coverage and still works within the family budget. And pet owners who love their vet won’t have to switch to a new provider.

But pet insurance typically doesn’t cover pre-existing conditions, and premiums also may be higher for breeds that are vulnerable to costly health conditions. The cost also goes up as an animal gets older, which is when many pets start having problems that require expensive treatments.

And, as is the case for most types of insurance, if policyholders don’t use their benefits, they don’t get their money back. So, for example, if the pet owner opts for an accident and illness policy and the pet stays healthy for several years, the insurance bills could end up costing more than the vet bills. You may want to set up an emergency fund to help cover any healthcare costs for your pet instead.

Recommended: How to Pay for Medical Bills You Can’t Afford

The Takeaway

Pet health insurance currently costs about $60 a month for dogs and $32 a month for cats. It’s wise to look carefully at your options for pet health insurance to see if it suits your needs, considering such factors as price, coverage details, waiting period, and exclusions. You want to be sure you find the right fit, in terms of both the dollars involved and other needs, just as if you were choosing a new banking partner.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

How much is pet insurance?

As of 2025, pet health insurance is typically around $60 a month for dogs and $32 a month for cats. Prices vary depending on the policy details and coverage, your pet’s breed, your location, and other factors.

Is pet insurance really worth it?

Pet insurance can be worthwhile if a pet’s care (such as emergency surgery) would not be covered by your emergency fund and could cause financial hardship. The decision of whether pet insurance is worthwhile has to be made based on your own particular situation.

What age is best to get pet insurance?

As with your own health insurance, you’ll likely find that health insurance for pets is more affordable when the animal is younger. For that reason, it may be a matter of sooner rather than later when it comes to getting pet insurance.

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