Bow Wow Meow Pet Insurance (2024)

FAQs

How much should you spend on pet insurance for a dog? ›

Average Pet Insurance Cost

According to our research, pet insurance costs $720 a year for dogs and $384 for cats, with an overall average monthly cost of around $46 per month.

Bow Wow Meow Pet Insurance covers IVDD as a specified illness in our Ultimate Care plan, Peace of Mind plan and Accident Plus plan, subject to applicable waiting periods and annual limits.

Common reimbursem*nt levels are usually 70%, 80% or 90%. However, some insurance companies like Figo reimburse 100% of your vet expenses. Your pet insurance company may also let you choose an annual coverage cap, such as $5,000. Some companies, such as Pets Best, Embrace and Spot, have unlimited annual coverage.

"We advise all paw-rents to insure their pet at a young age," Spot says. "You can enroll your pet in a plan from Spot as soon as they're 8 weeks old. Don't let your pet develop a 'pre-existing condition' before they're insured."

A: Typically, pet insurance premiums are not deductible. However, if your pet is a certified service animal, the insurance costs directly related to their health care may qualify.

"Insurance helps cover the unanticipated costs of pet ownership and can be a huge relief for owners as they typically cover 80-90% of the costs, depending on the plan," says Dr. Sarah Gorman, managing veterinarian at Small Door Veterinary in New York.

The three main types of pet insurance are accident-only plans, accident and illness plans and preventive care add-ons. Each type of plan offers different coverage levels, catering to various needs and budgets.

Pet Insurance Deductibles for Top Recommended Providers

Deductible options for pets under 10 years old range from $100 to $750. Pets over 10 years old can be covered with deductibles ranging from $500 to $1,500.

Pet insurance plans can offer financial protection against unexpected costs if a pet experiences an accident or illness — but do not cover vaccines and other routine wellness costs. However, some providers offer add-on or standalone wellness plans that reimburse pet owners for these costs.

Most will cover common injuries and illnesses, like cancer, diabetes, and broken bones; however, coverage for certain treatments and services, like microchipping, behavior therapy, and dental care, can vary. Pet insurance works differently from human health insurance.

How much should I budget for dog care? ›

Annual Cost of Dog Ownership

According to our survey of more than 1,000 dog owners, most spent an average of $40 to $290 per month on their dogs — or an average of $480 to $3,470 annually. But this number will vary depending on your dog's individual needs, size, pet insurance plan's costs, and health status.

This is not included as standard with every policy but is very common with insurance for older pets. It is a contribution you will pay towards vet bills and is typically 10-20% depending on your policy.

Overall vet costs including wellness check-ups, dental care, lab tests and vaccines can total between $700 and $1,500 per year.

Pet insurance costs an average of $73 per month for dogs and $36 per month for cats, according to our analysis of pet insurance plans. These rates are based on unlimited annual coverage with an 80% reimbursem*nt rate and $250 annual deductible, or the nearest option available.