The price of pet insurance ranges from $15 to $18 per month for cats and $22 to $28 per month for dogs, as of 2015. The pet’s age and breed can affect the cost of insurance.
Most plans have deductibles, which may be $50 or more. Plan owners may also have to pay co-payments, which may be as much as 50 percent of the cost of covered services.
Most pet insurance plans cover injuries and illnesses, with a payment cap on covered services. Usually, the pet owner pays the veterinarian at the point of service, and then files a claim for reimbursement from the pet insurance company.