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Your Guide to Pet Insurance
We do the research so you don't have to


March 2018

“Pet insurance sold through the workplace is one of the fastest growing and most popular employee benefits,” says Jon Rauser of The Rauser Agency. If you’re lucky enough to work at a company that employs 1,000 or more people, such as Harley-Davidson, Aurora Health Care or Johnson Controls, you could elect to take pet insurance through payroll deduction and receive a group discount of 20 to 30 percent off retail. “They’ll offer it without regard to the breed or age of the animal — it’s one price,” he adds.

But what if your employer doesn’t offer this option? Individuals can buy pet insurance from more than a dozen insurers. Expect to pay a minimum of $15 per month for cats and $25 for dogs, though Rauser indicates $35 is the average cost of a pet policy. Rates vary and may depend on your pet’s age, breed and location, among other factors.

Insurance companies primarily cover dogs and cats, although Nationwide also insures birds and exotic animals. If your pet is older, take heart: Embrace insures some 14-year-old pets, though it doesn’t cover pre-existing conditions. Most pet insurance doesn’t cover routine care, including vaccinations, dental cleanings or exam fees — unless you opt for wellness coverage. And while most insurers require that you pay your vet up front and submit a reimbursement, Trupanion pays vets directly. Here’s how five of the largest pet insurers stack up:

*Source: Veterinary Economics, March 2013


This story ran in the March 2018 issue of: