Learn How Pet Insurance Works And The Most Reliable Pet Insurance Companies!

1. Learn How Pet Insurance Learn How Pet Insurance Works And The Most Works And The Most Reliable Pet Insurance Reliable Pet Insurance Companies! Companies! According to the North American Pet Health Insurance Association (NAPHIA), there are over 20 pet insurance companies that serve North America. The NAPHIA surveyed some of the top pet insurance companies, including ASPCA, Healthy Paws, Nationwide, Embrace, and Trupanion, to determine the average cost of pet insurance premiums in the United States. The pet insurance providers typically offer accident-only or accident and illness insurance policies.

2. Accident-only insurance policies offer insurance coverage for emergency care such as injuries caused by car accidents and ligament tears as well as for health issues caused by poisoning. Accident and illness coverage plans offer more complete coverage and include the same as accident-only with the addition of wellness care plans to cover health care like cancer treatments, heartworm treatments, digestive health treatments, infections, and preventative routine care like checkups and vaccinations. Some plans may include alternative therapies like physical therapy and chiropractic care. Average Pet Health Insurance Costs Average Pet Health Insurance Costs According to the NAPHIA survey, the average monthly premium for dog insurance ranged from $16 to $50 and, annually, from around $200 to $585 dollars depending on the type of insurance policy. For cat insurance, insurance coverage could range from $10 to $30 for a monthly premium. The annual insurance coverage cost was around $125 to $350 based on the type of insurance policy. How Pet Insurance Works How Pet Insurance Works Similar to health insurance coverage for humans, many pet insurance companies will have pet insurance policies that have premiums, deductibles, and co-pays. Conversely, with pet health insurance, pet owners will have to pay out-of-pocket and wait for their pet insurance company to reimburse them. There may be a waiting period for this, so pet owners may choose to use their savings account or credit card for vet visits. Pet parents also need to consider that some pet insurance companies have stipulations based on pre- existing conditions, pet ages, behavioral issues, and hereditary conditions, which could prevent policyholders from getting complete coverage and a peace of mind. Best Pet Insurance Companies Best Pet Insurance Companies To find the best pet insurance companies, there are a few factors that need consideration. It's good to look into the base monthly premium, any wellness rider premium costs, annual deductible, and the co- pay percentages. Beyond the initial costs, it's also necessary to look at what kind of exams are covered under the insurance policy to make them worth it. The following list includes five of the most popular pet insurance companies in the United States and their baseline coverage plans. It is worth noting that these plans may not be the exact prices for pet insurance for your pet. Wagmo.io Pet Insurance Wagmo.io Pet Insurance

3. Wagmo is based in New York and led by Christie Horvath. She became passionate about starting the company after receiving a $10,000 vet bill for her dog, Denver, during her first year of business school. Widely considered to be the most comprehensive and exciting new provider in the field,Wagmo is reducing the cost of care for pet owners. Long-term, Wagmo is positioning itself to disrupt the pet insurance industry. Healthy Paws Pet Insurance Healthy Paws Pet Insurance Healthy Paws is one option for pet insurance. With a base monthly premium of around average at $63, Healthy Paws insurance policies don't include wellness plans or add-ons. They offer a $250 annual deductible and a 20% co-pay. This insurance coverage can be used for prescription medications, chronic conditions, and exam fees. However, the age limit for coverage options for congenital conditions like hip dysplasia is 6, and there is no chiropractic care or dental care included. In addition, there may be waiting periods for certain types of accidents. Nationwide Nationwide Nationwide pet insurance policies have a base monthly premium above average at $90. Though more expensive than Healthy Paws, the Nationwide sample plan includes comprehensive coverage plans with the addition of a built-in wellness plan. It also has a $250 annual deductible, but it has a 10% co-pay. The Nationwide plan can be used for accidents and surgeries, exam fees, prescription medications, dental care, and chiropractic care. ASPCA ASPCA Pet insurance plans from the ASPCA have a base monthly premium of $82, which is above the average for dogs. Though no wellness plan is included, they do offer a preventive care add-on for an additional $25. With an annual deductible of $250 and a 10% co-pay, these pet insurance plans also include coverage for exam fees, chronic conditions, prescription medications, chiropractic care, and cancer care. These plans do offer protection for emergency care like hospitalizations and accidents, but there is a 14 day waiting period. Trupanion Trupanion Trupanion offers pet insurance plans with base monthly premiums way above average at $126. Their plans don't include wellness plans, but they do have a recovery and complementary care policy for an additional $17 that will cover chiropractic care. Trupanion offers a 10% co-pay and a $250 annual deductible per lifetime condition. Their plan covers emergency care, chronic conditions, cancer treatments, and prescription medications. However, they also offer limited coverage on dental cleanings, do not cover exam fees, and have waiting periods for accidents and illness coverage.

4. Embrace Embrace Embrace pet insurance policies come with a $30,000 maximum. In addition, their base monthly premium is $95, with a rewards based wellness plan. Embrace offers a 10% co-pay and a $200 annual deductible. Their insurance policies can cover emergency medical care, exam fees, chronic conditions, and prescription medications. However, this insurance agency doesn't cover chiropractic care, has limited coverage on dental cleanings, and has waiting periods for accidents and illnesses. What you should remember What you should remember Veterinary care cost Americans nearly $30 billion last year. Comprehensive coverage plans can be worth it for older pets, but pet insurance companies have age limits and waiting periods for certain accidents. Whichever pet insurance company you choose, make sure you are aware of their deductibles, reimbursement percentages, and their monthly premiums as well as if their plan covers emergency care and preventative care. Finding a reliable pet insurance policy is important for your peace of mind and to help with your vet bills. Citations: NAPHIA - Average Pet Insurance Premiums