How much does cat insurance cost can vary quite a bit depending on the type and level of coverage you choose. Here are some key factors that influence cat insurance costs and tips for getting the best rate.
Average Costs for Cat Insurance
The average cost for accident and illness coverage for cat insurance is around $25 per month or $300 per year according to recent estimates from PetInsuranceReview.com. However, costs can range from as low as $10 per month to $100 or more depending on your location, cat’s breed and age, maximum payouts, and other policy details.
Some common ranges for cat insurance premiums:
- Accident-only coverage: $5 – $20 per month
- Accident & illness coverage: $15 – $50 per month
- Comprehensive policies: $25 – $100+ per month
Deductibles, reimbursement rates, and maximum annual or lifetime payouts on policies also impact your out-of-pocket costs. Higher deductibles and lower reimbursement rates reduce your premium but increase the portion you pay for care. Lower caps mean less coverage.
Factors That Influence Cat Insurance Costs
How much does cat insurance cost for your particular pet? Here are some of the key factors that determine your rate:
- Age – Premiums are higher for older cats, especially over age 10. Kittens and younger cats generally have lower rates.
- Breed – Some breeds like Siamese are considered higher risk and have higher premiums.
- Location – Insurance rates vary by state and region. Urban areas also tend to have higher premiums.
- Deductible amount – Plans with higher annual deductibles have lower premiums. A $200 deductible may reduce costs by 20% vs. a $100 deductible.
- Reimbursement percentage – Plans that reimburse 70-80% of costs are cheaper than 90% reimbursement policies.
- Coverage limits – Lower per-condition, annual, or lifetime caps reduce premiums but limit payouts.
- Pre-existing conditions – Excluding pre-existing conditions reduces costs but reduces coverage.
Below is a rough pricing table showing how these factors influence level premium costs for accident and illness coverage.
|1 year old mixed breed kitten in rural area with 90% reimbursement, $100 deductible, $10,000 limit||$15 – $25 per month|
|10 year old Siamese in urban area with 70% reimbursement, $500 deductible, $7,000 limit||$40 – $70 per month|
Tips for Finding the Best Cat Insurance Rates
Follow these tips to get the most affordable cat insurance while still getting good coverage:
- Compare quotes from multiple insurers. Rates can vary significantly between providers.
- Look for discounts – multi-pet, military/senior, home owner discounts can reduce costs 10-15%.
- Consider a higher deductible like $200 to save – makes sense if your cat is young/healthy.
- Look for policies with broad accident coverage – hit by car, eaten foreign object, etc.
- Get quotes for a higher reimbursement limit like $10k then scale back if too much.
- Wellness coverage adds more cost – consider skipping or choosing lower limit if trying to save money.
- Enroll at a younger age for the best rates – under age 5 ideal.
- Preventive care like dental cleaning can reduce illness claims down the road.
How much does cat insurance cost ultimately depends on your specific cat’s needs and your budget. With some research, you can find an affordable policy that provides good protection against unpredictable vet bills. Regularly reviewing policy options and rates can help ensure you’re getting the best ongoing value.
What Does Cat Insurance Cover?
Cat insurance plans are available that cover everything from basic accidents and illnesses to routine wellness care. Here’s an overview of some common coverage options:
- Accident coverage – Typically covers injuries from causes such as being hit by a car, eating a foreign object, falling from a high place, cuts, broken bones, poisonings, and other unforeseen accidents.
- Illness coverage – Covers diagnosis and treatment of illnesses such as cancer, kidney disease, diabetes, infections, dental disease, skin conditions, and more.
- Hereditary and congenital conditions – Some plans cover genetic conditions present from birth while others exclude them.
- Rx medications – Many plans cover prescriptions related to covered conditions. May have limits per prescription or per year.
- Surgeries – Costs from surgeries needed to treat covered accident and illness conditions.
- Hospitalization – Fees for emergency vet hospital/clinic stays are included in most comprehensive plans.
- Diagnostic testing – X-rays, bloodwork, ultrasounds, and other tests for covered conditions are reimbursed.
- Preventive care – Some plans provide limited coverage for annual exams, vaccinations, dental cleanings and other wellness services.
- Other services – May include coverage for rehab, alternative therapies, prosthetics, and more.
Carefully read the details of any pet insurance policy you consider to understand exclusions, limits, deductibles, reimbursement rates, and pre-approval requirements. This ensures you know what is and isn’t covered.
Cat Insurance Plan Levels and Common Exclusions
Pet insurance providers offer different levels or types of plans depending on the range of coverage provided. Below are some of the most common:
Accident-only – Covers only injuries from accidents. Illnesses excluded. This is the most affordable option for cats but provides limited protection.
Basic accident & illness – Includes accident coverage plus common illnesses. May exclude hereditary conditions and have low payout limits.
Comprehensive accident & illness – Higher premiums but covers most accidents, illnesses, cancers, hereditary conditions and has higher payout limits.
Wellness coverage – Add-on option that provides limited coverage for some routine vet services like exams, vaccinations, dental cleanings.
Some common exclusions to be aware of:
- Pre-existing conditions
- Dental disease/cavities
- Behavioral issues
- Preventive care/elective procedures
- Conditions arising from lack of preventive care
- Non-veterinary services like grooming or boarding
Review all exclusions before choosing a policy. You may be able to customize your plan by selecting coverage add-ons for certain conditions.
Is Cat Insurance Worth the Cost?
Whether cat insurance is “worth it” depends a lot on your financial situation, cat’s health and lifestyle, policy type, and how much peace of mind insurance provides you.
Some instances when pet insurance can definitely be worth the monthly premiums:
- You have limited savings or high vet costs would be a big financial burden
- Your cat has chronic health issues or high risk of hereditary conditions
- Your cat goes outdoors and has higher risk for accidental injuries/encounters with wildlife
- You want protection against unexpected emergencies or illnesses
- Wellness coverage helps you budget and spread out routine vet costs
Cat insurance may provide less value or be harder to justify for:
- Healthy indoor cats unlikely to get injured or sick
- Older cats where premiums get much more expensive
- Cats or breeds at lower risk for medical problems
- If you have savings to cover medium vet bills under $5k
- If your budget is very tight and premiums would be a significant new expense
Take time to weigh the costs versus benefits before choosing a plan. Your vet can also provide recommendations based on your cat’s health and lifestyle to help decide if insurance makes sense for your needs.
- How much does cat insurance cost? Average costs range from $10 – $50 per month depending on coverage, limits, deductibles, cat’s age and breed.
- Many factors like location, policy limits, cat’s age, and reimbursement rates impact premium costs.
- Shop around and compare quotes to find affordable rates. Consider options like higher deductibles to reduce premiums.
- Comprehensive plans with accident, illness, surgery, hospitalization and Rx drug coverage provide robust protection.
- Wellness coverage can help spread out routine preventive care costs like dental cleanings and exams.
- Make sure to review policy details closely for any exclusions like pre-existing conditions or hereditary diseases.
- Cat insurance can provide valuable financial protection against unpredictable accidents and illnesses for cat owners.