Is It Worth It To Buy Pet Insurance?

Many pet owners struggle with whether or not it's worth it to buy pet insurance. Unfortunately, there is no right answer when comes to insuring your pet. For some animals, such as those who are prone to injury or disease, it makes sense to buy pet insurance. If your pet is perfectly healthy and there is no reason to suspect he or she will need frequent veterinary care, then you can probably hold off on purchasing an insurance policy. Instead, consider putting aside a small amount of money into a savings account to build an emergency fund. Most people incur huge veterinary bills after their pet suffers a catastrophic injury. Having this emergency fund will make it possible for you to pay for the cost of any surgeries, emergency care, medication, etc. without breaking the bank. That being said, if having pet insurance will give you peace of mind, feel free to go ahead and purchase a policy. There is no harm in having one if you can afford it and it makes you feel more secure.

How Much Does Pet Insurance Cost?

These days pet insure is very affordable. The cost of pet insurance will depend on several factors, including the type of animal, the particular breed, your pet's age and current state of health, and the extent of coverage you wish to purchase. Taking these factors into consideration, you should be able to find policies available for anywhere from $10-$45 a month.

If you are seriously considering purchasing pet insurance, it's important to do your research and speak with multiple insurance companies. Ask for different price quotes and inquire about the extent of coverage each policy provides to ensure you end up with a plan you can reasonably afford and that you're truly satisfied with.