The Cheapest Pet Insurance Companies for Dogs & Cats in 2022

Figo offers the cheapest pet insurance for dogs with a monthly average rate of $41.28. Embrace has the most affordable insurance policy for cats, costing $19.81 per month on average. The company with the cheapest pet insurance depends on your unique situation.

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Last Updated: 9/20/2022
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Several factors affect pet insurance rates, such as your pet’s breed, gender and age. Even cheap pet insurance for dogs can be roughly twice as expensive as similar coverage for cats because dogs are generally larger, and their veterinary services cost more.

Table of Contents

Key Takeaways

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You can purchase cheap pet insurance for dogs from Figo. It costs an average of $41.28 per month.

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Your unique circumstance determines the cheapest pet insurance company for you. Factors like your pet's location, species, breed and age affect rates.

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Though cost is always a significant consideration, a higher premium can be worth the additional coverage.

Compare Pet Insurance Rates

Ensure you are getting the best rate for your pet insurance. Compare quotes from the top insurance companies.

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Insurance Rates

The Cheapest Pet Insurance Overall

There are several companies offering health insurance for pets across the country. Figo offers the cheapest pet insurance for dogs at $41.28 per month on average. If you want the most affordable pet insurance policy for your cat, you can purchase it from Embrace for an average monthly premium of $19.81.

MoneyGeek gathered premiums for cats and dogs from many insurers to get these rates. All policies considered had a $10,000 coverage limit with a $250 deductible and 80% reimbursement.

Cheapest Pet Insurance Companies Overall for Dogs

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  • Company
    Monthly Premium
  • 1.
    Figo
    $41.28
  • 2.
    Embrace
    $42.75
  • 3.
    GEICO
    $42.75
  • 4.
    Spot
    $49.18
  • 5.
    ASPCA
    $49.27
  • 6.
    Hartville
    $49.27
  • 7.
    24 Pet Watch
    $51.95
  • 8.
    Pumpkin
    $57.61
  • 9.
    Nationwide
    $71.73
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Cheapest for Dogs: Figo
Figo

Figo offers three customizable plans — Essential, Preferred and Ultimate — so you can meet your coverage needs without exceeding your budget. It has no network limitations, which means you can bring your pet to any licensed veterinarian in the country and have coverage. You can also download an app called Pet Cloud that gives you 24/7 access to a live vet and helps you keep your appointments and other schedules in order.

Cheapest Pet Insurance Companies Overall for Cats

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  • Company
    Monthly Premium
  • 1.
    Embrace
    $19.81
  • 2.
    GEICO
    $19.81
  • 3.
    Figo
    $20.94
  • 4.
    Nationwide
    $25.15
  • 5.
    ASPCA
    $25.89
  • 6.
    24 Pet Watch
    $25.92
  • 7.
    Spot
    $26.31
  • 8.
    Hartville
    $26.61
  • 9.
    Pumpkin
    $34.05
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Cheapest for Cats: Embrace
Embrace

Embrace offers a comprehensive pet insurance policy for cats that covers all accidents and illnesses, save for pre-existing conditions. You can get a discount if you insure multiple pets with them or if you’re in the military. All policies come with the Healthy Pet Deductible, wherein your annual deductible lessens by $50 for each year you don’t file a claim.

MoneyGeek's analysis shows Figo to be the best pet insurance company for both dogs and cats. It’s also the cheapest pet insurance company for dogs, but not for cats.

Insurers consider several factors when setting premiums. Rates change based on your unique circumstances, such as location or your pet’s age, breed and gender.

There’s nothing wrong with choosing the cheapest option available. But sometimes, a higher premium is worth it if it means increased coverage for your pet.

Cheapest Pet Insurance by State

When comparing pet insurance rates, you’ll notice that they vary between states. For instance, veterinary care may be more expensive in urban areas, causing premiums to be higher in states with more urban areas.

MoneyGeek compared pet insurance companies and found Figo offering the lowest rates most frequently. Out of all states and the District of Columbia, it’s the cheapest pet insurance option for dogs in 28 jurisdictions. Embrace follows, having the lowest rates in 18 states.

Cheapest Pet Insurance Companies by State for Dogs

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  • State
    Company
    Monthly Premium
  • Alabama
    Figo
    $35
  • Alaska
    Embrace
    $34
  • Arizona
    Figo
    $45
  • Arkansas
    Figo
    $27
  • California
    Embrace
    $40
  • Colorado
    24 Pet Watch
    $51
  • Connecticut
    24 Pet Watch
    $55
  • Delaware
    Figo
    $39
  • Florida
    Embrace
    $34
  • Georgia
    Embrace
    $40
  • Hawaii
    Embrace
    $39
  • Idaho
    Embrace
    $37
  • Illinois
    Embrace
    $43
  • Indiana
    Embrace
    $35
  • Iowa
    Figo
    $32
  • Kansas
    Figo
    $37
  • Kentucky
    Figo
    $29
  • Louisiana
    Embrace
    $31
  • Maine
    Figo
    $31
  • Maryland
    Figo
    $43
  • Massachusetts
    Figo
    $46
  • Michigan
    Figo
    $36
  • Minnesota
    Figo
    $31
  • Mississippi
    Figo
    $39
  • Missouri
    Hartville
    $37
  • Montana
    Embrace
    $28
  • Nebraska
    Figo
    $32
  • Nevada
    Figo
    $38
  • New Hampshire
    Figo
    $37
  • New Jersey
    Embrace
    $43
  • New Mexico
    Figo
    $29
  • New York
    24 Pet Watch
    $50
  • North Carolina
    Figo
    $36
  • North Dakota
    Embrace
    $28
  • Ohio
    Figo
    $34
  • Oklahoma
    Figo
    $28
  • Oregon
    Figo
    $46
  • Pennsylvania
    Figo
    $37
  • Rhode Island
    Embrace
    $25
  • South Carolina
    Embrace
    $34
  • South Dakota
    Embrace
    $34
  • Tennessee
    Figo
    $36
  • Texas
    Figo
    $34
  • Utah
    Embrace
    $41
  • Vermont
    Figo
    $35
  • Virginia
    Figo
    $45
  • Washington
    Embrace
    $33
  • Washington D.C.
    Hartville
    $49
  • West Virginia
    Figo
    $30
  • Wisconsin
    Embrace
    $40
  • Wyoming
    Figo
    $24

When it comes to cheap pet insurance for cats, Embrace has the lowest rate in 27 states. You can purchase the most affordable policy for cats from Figo for the other 23 states.

These two insurers provide low-cost cat insurance to all states.

Cheapest Pet Insurance Companies by State for Cats

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  • State
    Company
    Monthly Premium
  • Alabama
    Embrace
    $16
  • Alaska
    Embrace
    $16
  • Arizona
    Figo
    $22
  • Arkansas
    Figo
    $13
  • California
    Embrace
    $18
  • Colorado
    Figo
    $25
  • Connecticut
    Embrace
    $28
  • Delaware
    Figo
    $19
  • Florida
    Embrace
    $15
  • Georgia
    Embrace
    $18
  • Hawaii
    Embrace
    $18
  • Idaho
    Embrace
    $17
  • Illinois
    Embrace
    $21
  • Indiana
    Embrace
    $16
  • Iowa
    Figo
    $16
  • Kansas
    Embrace
    $18
  • Kentucky
    Figo
    $15
  • Louisiana
    Embrace
    $14
  • Maine
    Figo
    $16
  • Maryland
    Figo
    $21
  • Massachusetts
    Figo
    $23
  • Michigan
    Figo
    $18
  • Minnesota
    Figo
    $16
  • Mississippi
    Embrace
    $19
  • Missouri
    Embrace
    $18
  • Montana
    Embrace
    $13
  • Nebraska
    Embrace
    $15
  • Nevada
    Figo
    $19
  • New Hampshire
    Figo
    $18
  • New Jersey
    Embrace
    $20
  • New Mexico
    Figo
    $14
  • New York
    Embrace
    $25
  • North Carolina
    Figo
    $18
  • North Dakota
    Embrace
    $13
  • Ohio
    Figo
    $17
  • Oklahoma
    Figo
    $14
  • Oregon
    Embrace
    $22
  • Pennsylvania
    Figo
    $19
  • Rhode Island
    Embrace
    $12
  • South Carolina
    Embrace
    $15
  • South Dakota
    Embrace
    $16
  • Tennessee
    Embrace
    $17
  • Texas
    Figo
    $17
  • Utah
    Embrace
    $19
  • Vermont
    Figo
    $17
  • Virginia
    Figo
    $22
  • Washington
    Embrace
    $15
  • Washington D.C.
    Figo
    $26
  • West Virginia
    Figo
    $15
  • Wisconsin
    Embrace
    $18
  • Wyoming
    Figo
    $12

It’s ideal if you can purchase cheap pet insurance for both your dog and cat from a single company. Based on MoneyGeek’s study, it’s possible for most states.

You can find the cheapest pet insurance for dogs and cats from the same company in the following states:

States

  • Alaska
  • Arkansas
  • Arizona
  • California
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kentucky
  • Louisiana
  • Massachusetts
  • Maryland
  • Maine
  • Michigan
  • Minnesota
  • Montana
  • North Carolina
  • North Dakota
  • New Hampshire
  • New Jersey
  • New Mexico
  • Nevada
  • Ohio
  • Oklahoma
  • Rhode Island
  • Pennsylvania
  • South Carolina
  • South Dakota
  • Texas
  • Utah
  • Virginia
  • Vermont
  • West Virginia
  • Washington
  • Wisconsin
  • Wyoming

If your state isn’t on this list, you may have to find multiple providers or compromise a little when choosing the best insurance policies for your pets.

Cheapest Pet Insurance by City

The cost of pet insurance doesn't just vary between states — it’s also different between cities. Although the relationship between population density and insurance cost isn’t strong, premiums are still usually higher in more populated cities. Your pet is more likely to get into an accident in an area with more people.

MoneyGeek looked at 267 cities and found that in 45% of these (120 cities), you can find the cheapest health insurance for your pet dog from Figo. Next is Embrace, which offers the lowest rates in 94 cities.

In comparison, we found 24 Pet Watch offering the most affordable pet insurance for dogs in only 12 cities.

Cheapest Pet Insurance Companies by City for Dogs

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  • City
    Company
    Monthly Premium
  • 1.
    AK-Anchorage
    Embrace
    $34.32
  • 2.
    AK-Anchorage
    GEICO
    $34.32
  • 3.
    AK-Fairbanks
    Embrace
    $34.32
  • 4.
    AK-Juneau
    Embrace
    $34.32
  • 5.
    AL-Birmingham
    Embrace
    $32.97
  • 6.
    AL-Huntsville
    Figo
    $34.62
  • 7.
    AL-Mobile
    Embrace
    $32.97
  • 8.
    AL-Montgomery
    Figo
    $34.62

Embrace is the cheapest insurer for cats in about 49% of the cities included in this study. Next is Figo, which offers the lowest insurance rates in 41% or 102 cities.

Our data also show ties between Embrace and GEICO in many cities, which means they offer the same monthly premiums.

Cheapest Pet Insurance Companies by City for Cats

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  • City
    Company
    Monthly Premium
  • AK-Anchorage
    Embrace
    $15.80
  • AK-Fairbanks
    Embrace
    $15.81
  • AK-Juneau
    Embrace
    $15.81
  • AL-Birmingham
    Embrace
    $15.19
  • AL-Huntsville
    Embrace
    $16.24
  • AL-Mobile
    Embrace
    $15.19
  • AL-Montgomery
    Figo
    $17.26
  • AR-Fayetteville
    Embrace
    $13.16
  • AR-Fort Smith
    Embrace
    $13.16
  • AR-Little Rock
    Figo
    $13.46
  • AZ-Chandler
    Nationwide
    $24.05
  • AZ-Gilbert
    Nationwide
    $24.05
  • AZ-Glendale
    Figo
    $19.34
  • AZ-Mesa
    Nationwide
    $24.05
  • AZ-Peoria
    Figo
    $19.34
  • AZ-Phoenix
    Figo
    $19.34
  • AZ-Scottsdale
    Nationwide
    $24.05
  • AZ-Surprise
    Figo
    $19.34
  • AZ-Tempe
    Nationwide
    $24.05
  • AZ-Tucson
    Figo
    $16.14
  • CA-Anaheim
    Embrace
    $17.84
  • CA-Bakersfield
    Embrace
    $15.25
  • CA-Chula Vista
    Embrace
    $17.86
  • CA-Fresno
    Embrace
    $17.86
  • CA-Irvine
    Embrace
    $21.06
  • CA-Long Beach
    Embrace
    $17.86
  • CA-Los Angeles
    Embrace
    $17.86
  • CA-Oakland
    Nationwide
    $22.47
  • CA-Riverside
    Embrace
    $15.27
  • CA-Sacramento
    Embrace
    $17.86
  • CA-San Diego
    Embrace
    $17.86
  • CA-San Francisco
    Nationwide
    $22.47
  • CA-San Jose
    Embrace
    $17.86
  • CA-Santa Ana
    Embrace
    $17.86
  • CA-Stockton
    Embrace
    $15.27
  • CO-Arvada
    Figo
    $24.88
  • CO-Aurora
    Embrace
    $17.32
  • CO-Centennial
    Figo
    $26.45
  • CO-Colorado Springs
    Figo
    $21.84
  • CO-Denver
    Embrace
    $24.38
  • CO-Fort Collins
    24 Pet Watch
    $26.22
  • CO-Lakewood
    24 Pet Watch
    $26.22
  • CO-Pueblo
    ASPCA
    $20.87
  • CO-Thornton
    24 Pet Watch
    $26.22
  • CO-Westminster
    24 Pet Watch
    $26.22
  • CT-Bridgeport
    Embrace
    $26.79
  • CT-Hartford
    Figo
    $23.61
  • CT-New Haven
    Embrace
    $26.79
  • CT-Stamford
    Embrace
    $26.79
  • CT-Waterbury
    Figo
    $23.61
  • DC-Washington
    Figo
    $25.93
  • DE-Dover
    Figo
    $19.21
  • DE-Newark
    Figo
    $19.21
  • DE-Wilmington
    Figo
    $19.21
  • FL-Cape Coral
    Embrace
    $13.72
  • FL-Fort Lauderdale
    Embrace
    $16.95
  • FL-Hialeah
    Embrace
    $16.95
  • FL-Jacksonville
    Embrace
    $13.72
  • FL-Miami
    Embrace
    $19.37
  • FL-Orlando
    Embrace
    $15.45
  • FL-Port St. Lucie
    Embrace
    $13.72
  • FL-St. Petersburg
    Embrace
    $15.45
  • FL-Tallahassee
    Embrace
    $13.72
  • FL-Tampa
    Embrace
    $15.45
  • GA-Athens
    Nationwide
    $15.35
  • GA-Atlanta
    Embrace
    $16.03
  • GA-Augusta
    Embrace
    $16.03
  • GA-Columbus
    Figo
    $17.94
  • GA-Macon
    Embrace
    $18.94
  • GA-Sandy Springs
    Figo
    $21.72
  • GA-Savannah
    Embrace
    $18.94
  • HI-East Honolulu
    Embrace
    $17.93
  • HI-Honolulu
    Embrace
    $17.93
  • HI-Pearl City
    Embrace
    $17.93
  • IA-Cedar Rapids
    Figo
    $15.95
  • IA-Davenport
    Figo
    $15.95
  • IA-Des Moines
    Embrace
    $14.46
  • ID-Boise
    Embrace
    $17.22
  • ID-Meridian
    Embrace
    $17.22
  • ID-Nampa
    Embrace
    $17.22
  • IL-Aurora
    Figo
    $23.65
  • IL-Chicago
    Embrace
    $20.80
  • IL-Elgin
    Embrace
    $18.72
  • IL-Joliet
    Embrace
    $17.33
  • IL-Naperville
    Figo
    $23.43
  • IL-Peoria
    Embrace
    $18.72
  • IL-Rockford
    Embrace
    $18.72
  • IL-Springfield
    Embrace
    $20.80
  • IN-Evansville
    Embrace
    $16.19
  • IN-Fort Wayne
    Embrace
    $16.19
  • IN-Indianapolis
    Embrace
    $16.19
  • KS-Kansas City
    Embrace
    $15.91
  • KS-Olathe
    Embrace
    $18.30
  • KS-Overland Park
    Embrace
    $18.30
  • KS-Topeka
    Figo
    $18.38
  • KS-Wichita
    Figo
    $18.38
  • KY-Bowling Green
    Figo
    $14.67
  • KY-Lexington
    Figo
    $14.67
  • KY-Louisville
    Figo
    $14.67
  • LA-Baton Rouge
    Embrace
    $14.20
  • LA-Lafayette
    Embrace
    $14.20
  • LA-New Orleans
    Embrace
    $14.20
  • LA-Shreveport
    Embrace
    $14.20
  • MA-Boston
    Figo
    $22.99
  • MA-Cambridge
    Figo
    $22.99
  • MA-Lowell
    Figo
    $22.99
  • MA-Springfield
    Figo
    $22.99
  • MA-Worcester
    Embrace
    $22.15
  • MD-Baltimore
    Embrace
    $19.87
  • MD-Columbia
    Embrace
    $23.64
  • MD-Silver Spring
    Figo
    $20.62
  • ME-Bangor
    Figo
    $15.59
  • ME-Lewiston
    Figo
    $15.59
  • ME-Portland
    Figo
    $15.59
  • MI-Ann Arbor
    Figo
    $17.30
  • MI-Detroit
    Figo
    $17.45
  • MI-Grand Rapids
    Spot
    $14.62
  • MI-Lansing
    Figo
    $20.31
  • MI-Sterling Heights
    Figo
    $16.91
  • MI-Warren
    Figo
    $16.91
  • MN-Minneapolis
    Figo
    $17.02
  • MN-Rochester
    Figo
    $14.79
  • MN-St. Paul
    Figo
    $14.79
  • MO-Columbia
    Nationwide
    $21.02
  • MO-Independence
    Embrace
    $16.75
  • MO-Kansas City
    Embrace
    $16.75
  • MO-Springfield
    ASPCA
    $20.04
  • MO-St. Louis
    ASPCA
    $20.04
  • MS-Gulfport
    Embrace
    $17.46
  • MS-Jackson
    Nationwide
    $18.95
  • MS-Southaven
    Figo
    $18.37
  • MT-Billings
    Embrace
    $12.86
  • MT-Great Falls
    Embrace
    $12.86
  • MT-Missoula
    Embrace
    $12.86
  • NC-Cary
    Figo
    $17.78
  • NC-Charlotte
    Figo
    $17.78
  • NC-Durham
    Figo
    $17.78
  • NC-Fayetteville
    Figo
    $17.78
  • NC-Greensboro
    Figo
    $17.78
  • NC-High Point
    Figo
    $17.78
  • NC-Raleigh
    Figo
    $17.78
  • NC-Wilmington
    Figo
    $17.78
  • NC-Winston-Salem
    Figo
    $17.78
  • ND-Bismarck
    Embrace
    $13.06
  • ND-Fargo
    Embrace
    $13.06
  • ND-Grand Forks
    Embrace
    $13.06
  • NE-Bellevue
    Embrace
    $15.46
  • NE-Lincoln
    Embrace
    $15.46
  • NE-Omaha
    Embrace
    $15.46
  • NH-Concord
    Figo
    $18.45
  • NH-Manchester
    Figo
    $18.45
  • NH-Nashua
    Figo
    $18.45
  • NJ-Elizabeth
    Embrace
    $18.47
  • NJ-Jersey City
    Embrace
    $22.63
  • NJ-Newark
    Embrace
    $20.31
  • NJ-Paterson
    Embrace
    $18.47
  • NM-Albuquerque
    Figo
    $15.09
  • NM-Las Cruces
    Figo
    $13.42
  • NM-Rio Rancho
    Figo
    $14.94
  • NV-Henderson
    Figo
    $18.91
  • NV-Las Vegas
    Nationwide
    $19.21
  • NV-North Las Vegas
    Figo
    $18.91
  • NV-Reno
    Figo
    $18.91
  • NV-Sparks
    Figo
    $18.91
  • NY-Buffalo
    Embrace
    $20.68
  • NY-New York
    Figo
    $26.63
  • NY-Rochester
    Embrace
    $24.82
  • NY-Syracuse
    Embrace
    $20.68
  • NY-Yonkers
    Figo
    $26.63
  • OH-Akron
    Figo
    $17.30
  • OH-Cincinnati
    Figo
    $17.03
  • OH-Cleveland
    Figo
    $17.03
  • OH-Columbus
    Figo
    $17.03
  • OH-Dayton
    Figo
    $17.03
  • OH-Toledo
    Embrace
    $15.40
  • OK-Broken Arrow
    Figo
    $13.77
  • OK-Norman
    Figo
    $13.77
  • OK-Oklahoma City
    Figo
    $13.77
  • OK-Tulsa
    Figo
    $13.77
  • OR-Eugene
    Embrace
    $20.24
  • OR-Gresham
    Embrace
    $22.70
  • OR-Hillsboro
    ASPCA
    $22.97
  • OR-Portland
    Figo
    $24.49
  • OR-Salem
    Embrace
    $16.45
  • PA-Allentown
    Embrace
    $18.69
  • PA-Philadelphia
    Figo
    $18.54
  • PA-Pittsburgh
    Figo
    $18.54
  • RI-Cranston
    Embrace
    $11.64
  • RI-Providence
    Embrace
    $11.09
  • RI-Warwick
    Embrace
    $12.19
  • SC-Charleston
    Embrace
    $17.86
  • SC-Columbia
    ASPCA
    $25.74
  • SC-North Charleston
    Embrace
    $13.04
  • SD-Aberdeen
    Embrace
    $16.17
  • SD-Rapid City
    Embrace
    $14.98
  • SD-Sioux Falls
    Embrace
    $16.18
  • TN-Chattanooga
    Figo
    $16.89
  • TN-Clarksville
    Embrace
    $16.57
  • TN-Knoxville
    Figo
    $16.89
  • TN-Memphis
    Embrace
    $14.28
  • TN-Murfreesboro
    Figo
    $16.89
  • TN-Nashville
    Embrace
    $14.28
  • TX-Amarillo
    ASPCA
    $15.45
  • TX-Arlington
    Figo
    $15.14
  • TX-Austin
    Embrace
    $16.10
  • TX-Corpus Christi
    Figo
    $16.45
  • TX-Dallas
    Embrace
    $16.11
  • TX-El Paso
    Figo
    $15.45
  • TX-Fort Worth
    Embrace
    $16.11
  • TX-Garland
    Embrace
    $16.11
  • TX-Grand Prairie
    Embrace
    $16.11
  • TX-Houston
    Figo
    $15.45
  • TX-Irving
    Embrace
    $16.11
  • TX-Laredo
    Embrace
    $16.11
  • TX-Lubbock
    Figo
    $16.45
  • TX-Plano
    Figo
    $17.34
  • TX-San Antonio
    Figo
    $15.45
  • UT-Provo
    Nationwide
    $19.68
  • UT-Salt Lake City
    Embrace
    $19.21
  • UT-West Jordan
    Embrace
    $17.16
  • UT-West Valley City
    Embrace
    $17.16
  • VA-Alexandria
    Figo
    $23.61
  • VA-Chesapeake
    Embrace
    $22.90
  • VA-Hampton
    Figo
    $21.08
  • VA-Newport News
    Figo
    $21.08
  • VA-Norfolk
    ASPCA
    $20.87
  • VA-Richmond
    Figo
    $23.24
  • VA-Virginia Beach
    Figo
    $21.76
  • VT-Burlington
    Figo
    $17.31
  • VT-Rutland
    Figo
    $17.31
  • VT-South Burlington
    Figo
    $17.31
  • WA-Bellevue
    Figo
    $19.27
  • WA-Everett
    Embrace
    $13.46
  • WA-Kent
    Embrace
    $13.46
  • WA-Seattle
    Embrace
    $19.70
  • WA-Spokane
    Embrace
    $10.77
  • WA-Tacoma
    Embrace
    $13.46
  • WA-Vancouver
    Embrace
    $15.07
  • WI-Green Bay
    Embrace
    $17.92
  • WI-Madison
    Embrace
    $19.54
  • WI-Milwaukee
    Embrace
    $17.92
  • WV-Charleston
    Figo
    $15.00
  • WV-Huntington
    Figo
    $15.00
  • WV-Morgantown
    Figo
    $15.00
  • WY-Casper
    Figo
    $12.08
  • WY-Cheyenne
    Figo
    $12.08
  • WY-Gillette
    Figo
    $12.08

Cheapest Pet Insurance by Pet Age

Age is a factor that could significantly affect pet insurance rates. The older your pet becomes, the more likely it is that they’ll get sick or injured. As a result, policy prices for aging pets tend to be higher.

For example, if you have a six-year-old dog, you can purchase a policy for $40.19 per month on average, with Healthy Paws having the lowest rate. You’ll have to pay more monthly for pet insurance as your dog ages.

Pet insurance for a nine-year-old dog costs an average of $57.67 per month, while a policy for a 12-year-old has an average monthly premium of $93.67. Embrace offers the cheapest rates for pet insurance for older dogs.

Cheapest Pet Insurance Companies by Age for Dogs

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  • Dog Age
    Cheapest Company
    Average Monthly Premium
  • 6
    Healthy Paws
    $40.19
  • 9
    Embrace
    $57.67
  • 12
    Embrace
    $93.67

You’ll spend an average of $22.07 per month on a six-year-old cat. It increases by more than $11 per month when your cat turns nine. You can purchase the cheapest cat pet insurance from Healthy Paws if you have pets within this age range.

When your cat turns 12, premiums increase by roughly $12 again — a policy has an average monthly premium of $45.43. At this point, Embrace becomes your best option for low-cost cat insurance.

Cheapest Pet Insurance Companies by Age for Cats

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  • Cat Age
    Company
    Average Monthly Premium
  • 6
    Healthy Paws
    $22.07
  • 9
    Healthy Paws
    $33.61
  • 12
    Embrace
    $45.43

How to Get Cheaper Pet Insurance

The tables above already show low-cost pet insurance, but there are more ways to lower rates further. A few of these include adjusting the inclusions in your policy and changing your payment methods. Taking the following actions can help you lower your pet insurance premiums and find affordable coverage.

1

Insure your pet while they're young.

Insurers offer lower rates for younger pets. They’re more likely to get sick or injured as they get older, making them riskier to insure.

2

Take on a higher deductible.

A deductible is an amount you pay out of pocket each time you file a claim before your policy kicks in. The higher it is, the lower your monthly premium becomes.

3

Get a lower coverage limit.

Evaluate how much coverage you need. Although it’s good to be ready for anything, a lower coverage limit makes your premium less expensive.

4

Pay annually instead of monthly.

Most insurers give you the option to pay monthly or annually. Although opting to cover an entire year’s worth of premiums can be a little daunting, it usually comes out cheaper than a monthly payment plan.

5

Spay or neuter your pet.

Pets that are spayed or neutered are less likely to stray. There’s also a lower probability of a health complication. Both these factors result in cheaper rates.

6

Microchip your pet.

A pet with a microchip is easier to find if lost or stolen. It makes insurers offer more affordable pet insurance.

7

Ask about multi-pet discounts.

You can insure all your pets with the same company. You can get around 10% off your premium from many insurance companies offering a multi-pet discount.

The younger your pets are when you insure them, the less expensive premiums are. If you find an insurer that offers a deductible that lessens each year you don’t file a claim, it can lead to a lot of savings.

In addition to age, insurers also look at your pet’s breed. Mixed breeds are less expensive to insure because they’re less susceptible to genetic or hereditary disorders. They’ll be less likely to need costlier veterinary care in the long term.

A pet is as much a part of your family as a sibling or a spouse, but how financially prepared are we when they need medical attention? Although it’s another item on our list of expenses, there are several ways to ensure that you find the best cheap pet insurance that fits your needs. It’s best to compare quotes from multiple pet insurance companies to ensure you get the best deal possible.

Frequently Asked Questions

Pet insurance doesn't necessarily have to be expensive. To help you understand your options, take a look at the answers to some common questions about insurance for cats and dogs.

Methodology

To obtain cost data, MoneyGeek collected quotes from 13 companies across all 50 states and Washington, D.C., average pet insurance premiums were calculated based on rates for $10,000 coverage with a $250 deductible and 80% reimbursement. Cost data for cats was obtained through extrapolation.

About the Author


expert-profile

Mark Fitzpatrick is a senior content manager with MoneyGeek specializing in insurance. Mark has years of experience analyzing the insurance market and creating original research and content. He graduated from Boston College with a Bachelor of Arts and Johns Hopkins University with a Master of Arts.


sources
  • Figo. "Pet Cloud." Accessed December 13, 2021.