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  • Writer's picturejohnmarchetti00

What should you Pay for Pet Insurance?

Pet insurance provides owners with a financial safety net should their dog or cat experience any illnesses or medical emergencies. In exchange for a monthly premium to a provider, owners can rest comfortably knowing that they have guaranteed medical care and that it won't break the bank. The benefits of such a service are multiple and significant.

But how much should you pay for pet insurance? That's a question we will dive into below.

How much should you pay for pet insurance?

The cost will be based on a series of factors. Take these into account when trying to determine if you're paying the right amount.


Younger pets are almost always cheaper to insure because they pose less of a financial risk to the insurer, which will be reflected in your monthly premium. So if you're paying $50 a month for a 5-year-old dog, expect to pay less for a puppy or a 1-year-old (with all other factors being even).


Some breeds of cats and dogs have more medical issues than others. That doesn't mean you won't be able to insure them. Just understand that you're typically going to pay more for a Newfoundland dog, known for its hip dysplasia issues than you would for a Goldendoodle. And even though cats are generally cheaper to insure than dogs, they also have a wide range of prices based on breed and type.


Medical care for humans is often more expensive in some ZIP codes and areas of the country than it is for others. The same concept applies to pet insurance. So if you live in New York or Miami, for example, you may pay more than you would if you lived in a less expensive part of the country.


What do you really need pet insurance for? This is an important question to ask yourself because it will inform the type of policy you get and, thus, what you pay. In short: If you want (or need) more robust pet insurance protections then you should expect to pay more than if you just secured an accident-only policy for broken bones and swallowed items.

The bottom line

Personal financial considerations are just that - personal. So how much one person "should" pay for pet insurance is relative. By taking the above factors into consideration, you can be better informed and prepared. This will help you build both a cost-effective and valuable plan for your beloved pet. With that in mind, Monarch BA is your best bet for getting Pet insurance that meets your needs. Our experts are available for consulting now, feel free to reach out to find the best solution for your needs.

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