Pet insurance is difficult to evaluate just as any other type of insurance would be.
We get it, making this decision can be difficult. The difficulty comes from thinking about the multiple
coverage options (what health conditions are and are not covered), the difference in the cost of treatments
and comparing the cost of one emergency vet visit versus paying a fee every month.
Just like our insurance, pet insurance helps alleviate some of the costs of keeping your pet healthy.
You can choose from different levels of coverage, with each plan costing a monthly or annual premium based
on how much coverage you choose.
Pet Insurance Needs are Personal
Pet insurance needs are more so for peace of mind and being prepared in case of an emergency.
Like property insurance (car, home, etc.), you won’t necessarily “save” or “make” money in an average scenario,
but in the event of a catastrophe, you may find it’s worth the investment. At the end of the day, when it comes
to purchasing pet insurance you have to think about how important it is to you.
Evaluating benefits of Pet Insurance
It is difficult to evaluate if something is worth it when it is not exactly clear what it is that you are buying.
Some experts evaluate cost vs benefit of pet insurance based on average vet care cost vs average pet insurance
premiums. That gives you some idea of the costs but doesn’t cover all the different scenarios that might be
in your pet’s future. It is not the average scenario that you’re concerned about when you’re buying insurance.
It’s more about dealing with your worst fear when it comes to the wellbeing of your dog or cat.
What you may seem is many websites that evaluate the quality of pet insurance based on the customer feedback.
However, feedback is often subjective and doesn’t always reflect the real quality of the something.
And since insurance is a financial product, there should be a way to assess its actual value through
We invite you to think through what is important to you and how much you will be willing to pay for veterinary services to save your dog’s or cat’s life or alleviate their suffering. How good are you with credit, savings, and keeping your finances in order? Would it make sense for you to borrow money, for example with 0% introductory interest on credit card, in case you furry friend gets ill instead of paying monthly insurance premiums? Or are you great at saving and it makes more sense to you to create an emergency savings account for your pet?
Consider all the options and take a look at our list of top pet insurance companies
to help you make the right choice.