Is Pet Insurance Worth It?

Is Pet Insurance Worth It?

by Scritch

If you’ve ever had a major medical bill for a pet, you already know the answer: absolutely yes. Even the most responsible pet parents may not be prepared for an emergency like surgery to remove a swallowed object (which can run $1,000+) or a torn cruciate ligament. And let’s face it – if your dog or cat is seriously injured or develops a chronic illness, the last thing you need to worry about during an already stressful time is the vet bill.

How does pet insurance work?

Pet insurance is meant for those unexpected accidents and illnesses that you can’t plan for; emergencies like when the dog gobbles down a bar of chocolate (diagnosis: toxicity) or the cat suddenly has an abnormal amount of thirst (diagnosis: diabetes). Pet insurance can help cover a big portion of your vet bills (up to 90% reimbursement).

If your pet gets sick or injured, you pay the vet bill and then get reimbursed based on the plan you chose (deductible and reimbursement level).

How much does pet insurance cost per month?

The monthly cost of pet insurance varies based on where you live, your pet’s breed, and your choice of deductible and reimbursement level. For a 2-year-old medium-sized, mixed breed dog, you might be looking at anywhere from $35-$65 per month. For a 2-year-old mixed breed cat, the cost is around $20-$30 per month.

Pet insurance myth busters:

“Pet insurance is too expensive.”

At about $1 a day, pet insurance is affordable for many pet parents! And by enrolling your pet today, you can save hundreds, even thousands, in veterinary costs tomorrow.

“I’ll just use a savings account.”

Unfortunately, animals with trauma or a sudden onset of illness can wipe those savings completely out. For example, what if you’ve saved $1,000 and you’re hit with a $3,500 vet bill? Pet insurance can help cover a majority of your vet bills whether an incident occurs next month or next year.

“He’s a puppy/kitten and in perfect health.”

Dogs and cats under the age of one tend to be highly curious and prone to accidents. Because pet insurance doesn’t cover pre-existing conditions, it’s important to have coverage in place before it’s needed.

“Not all vets accept pet insurance.”

With most pet insurance plans, you can visit any licensed veterinarian so there’s no “in-network”. You simply pay the vet, submit your claim and then get reimbursed by the insurance provider.

Is pet insurance worth it?

Is your pet part of the family and would you do whatever it takes to get them well if they were sick or hurt? If the answer is yes, then pet insurance is worth the peace of mind to know that you can say ‘yes’ to the recommended veterinary care because money is no object.

If you’re ready to explore pet insurance further, check out comparison sites like, Consumers Advocate and Canine Journal to find the right pet insurance provider for you.

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