According to our 2021 survey of 1,000 pet owners, 45% of pet owners expected pet insurance to cost less than $25 per month. It can be hard to find a policy this cheap, at least for dogs, but there are some ways to keep costs down.
Start by talking to your veterinarian about your pet’s needs, including any conditions your breed may be susceptible to or any specific care your pet requires. there’s no need to pay for coverage your vet doesn’t anticipate your pet will need. After that, consider the following ways to get the lowest pet insurance rate.
compare the cheapest pet insurance plans
Pet insurance prices can vary dramatically from provider to provider, so do your research and get multiple quotes. Check out how similar plans compare between companies to identify what’s on offer for the price. Take a look at what’s covered in some standard plans that isn’t in others, as well as how much add-ons cost. You can save a good deal of money by spotting where some providers charge for coverage that’s standard in other plans. Also, don’t hesitate to call vendors to ask how they compare to the competition.
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While a low monthly rate is ideal, remember that cost isn’t everything. The goal of getting pet insurance is to take good care of your pet and help your wallet in the long run. focus on getting the best pet insurance plan for your pet’s needs.
purchase an accident-only policy
If you’re comfortable foregoing sickness coverage, you can save money by choosing an accident-only policy. Not all providers offer this option, but it may work for you if your pet is healthy and your vet doesn’t see susceptibility to disease. Keep in mind that while your monthly premium will be lower, you will have to pay out of pocket for any necessary medical care if your pet gets sick.
adjust your deductibles and reimbursements
Most providers allow you to adjust your deductible, reimbursement rate, and coverage limit to customize your cost. If you select a high deductible and a low coverage limit and reimbursement rate, your monthly premium will stay low. your monthly premium will be higher if you choose a low deductible and a higher coverage limit and reimbursement rate.
take advantage of pet insurance discounts
Some providers offer discounts, especially if you include multiple pets on the same policy or combine other forms of insurance with pet insurance. Certain vendors, like Hug, also offer military discounts and employee discounts for employees of companies that offer Hug. It doesn’t hurt to ask about additional discounts that may not be listed on the provider’s website.
buy coverage now instead of waiting
Most providers don’t cover pre-existing conditions, so it’s important to get a pet insurance policy while your pet is still healthy. Most providers also have a waiting period, often 14 days, from the day you sign up to the day coverage begins. This means that if your pet is in an accident or shows signs of illness the day after you sign up, you may not be able to get coverage. Buying pet insurance sooner rather than later will ensure that most issues your pet faces are covered.