Should I Get Pet Insurance for My Dog?

While more pets are beginning to be covered by insurance, still only a fraction of pets receive this care. So, should you get pet insurance for Fido?

What Does Pet Insurance Cover?

Some brands of pet insurance include Spot and Trupanion, however, there are many to choose from. Most pet insurance policies have an annual deductible, similar to your insurance. This is the amount you are subject to cover before the insurance starts paying. However, it is important to note that there are some things insurance won’t cover. For example, spaying, neutering, vaccinations, annual checkups, and teeth cleaning are not usually covered. This is because insurance is meant to help with unexpected costs. Additionally, pre-existing conditions are also excluded from care. However, insurance will cover new injuries or illnesses that arise after the policy goes into effect. So, pet insurance can be most beneficial and valuable for young and healthy pets.

How Much Does Pet Insurance Cost?

On average,  an accident and illness policy costs about $49 a month for dog insurance or $584 annually. However, the cost of accident-only policies is lower at $239 annually for dogs. Additionally, premiums may vary depending on your pal’s age, breed, and the policy you choose. Also, rates usually increase as your companion ages.

Is It Worth It?

Pet insurance would be most beneficial to you and your pal if your pet is young, you don’t have enough savings to cover large vet bills, and if insurance gives you peace of mind and a sense of security. However, if you have a senior dog or pup with existing health problems, insurance may not be for you. Additionally, if you don’t have a financial issue covering vet bills or think you may never use the insurance, it might not be worth it for you and your situation.

The health and happiness of our furry friends are so important! So, consider pet insurance and compare plans to determine if it would be a good fit for you and your companion.