Is Pet Insurance Worth It? The Benefits Of Pet Insurance

Having pet insurance is a great idea if you can afford it and don't want to pay large sums of money in case your dog is sick or injured. But is having pet insurance worth it? We go through every element of purchasing in detail to give pet owners all relevant information to consider before purchasing a plan.

It is important for a pet owner to ask themselves how much they can afford in veterinary bills. If you think your pet will incur serious injuries or illnesses, pet insurance may be well worth the cost. Pet Insurance can help cover vet costs when accidents happen and also help protect owners from very high vet bills due to illness.


What is pet insurance?

Pet insurance is an insurance policy that covers most of the veterinary bills if your pet becomes sick or gets injured. There are different types of coverage, such as:

  • One-time payment for a specific incident (if your pet needs surgery, for example)
  • Monthly pet insurance premiums that will cover any vet visit
  • Coverage of alternative medicine

Insurance providers also offer different types of pet health insurance plans:

These can range from $0 to thousands of dollars depending on what's covered, what's required for a claim, and the amount of deductible. The more you pay, the higher is the chance of a successful claim.

What does pet insurance cover?

Health care for your pet may vary based on your pet insurance company, but the most common injuries and illnesses that are covered (in the US) include:

  • Diagnostic testing related to your pet's injury or illness
  • Alternative medicine, such as acupuncture
  • Surgery (depending on where you live and what's available in your area)
  • In-hospital care with a 24-hour nurse if your pet is sick or injured while boarding at a veterinary hospital
  • Transportation of your pet to an approved clinic in case of a major injury or emergency. For example, if you have an 8-year-old dog who suddenly goes blind after a car accident, then you can bring him to the closest specialized veterinarian clinic instead of the one that's 10 miles from home. 

If your pet is diagnosed with a chronic illness, pet insurance companies will cover the treatment of your pet for as long as you keep paying monthly premium payments. There are also plans that allow you to purchase coverage from different providers and still get reimbursed if there's any overlap in coverage.

In any case, it covers most of your vet bills.

What does pet insurance not cover? 

While it is considered to be the best way to save money if you have a pet, it is not without limitations.

It doesn't cover all treatment costs. Some treatments (such as homeopathy or chiropractic) may not be covered by your pet wellness plan at all.

It is also very important to check if there is a waiting period before your pet is eligible for any treatment.

Example: Let's say you have a $700 annual premium plan and it is effective 6 months from now. If you have emergency surgery to remove your dog's front paw that is infected with cancer, the surgeon may ask for payment in advance. Since your coverage is not yet effective at this point, you may have to pay the full $700 for your dog's surgery.

Pet insurance companies usually look for pre-existing conditions before approving treatment. This is to make sure that new conditions are not covered by the insurance provider.

Insurance companies also have their own lists of what is considered pre-existing conditions or chronic conditions. For example, if your dog is being treated for immune diseases, it may be deemed as an issue related to its breed and is thus excluded from coverage.

How does pet insurance differ from human health insurance? 

Health insurance is provided to people as a way to access medical services. It is regulated by the government and is usually covered by your employer, although it is possible to buy private health insurance if you're self-employed. Health insurance covers most drugs that are prescribed for common illnesses such as the flu or diabetes.  Pet insurance is regulated by the government but is not offered as part of a benefits package from your employer. Its meant to cover most vet costs, although it is possible that you'll have to pay for some services upfront and then wait for reimbursement later.

Health insurance is meant to cover expenses related to everyday illnesses and injuries (like the flu) or major illnesses that require surgical procedures and hospital stays.  Pet insurance is almost always meant to be an accident and illness coverage for emergency pet medical treatments.

Do you think pet insurance is worth it? Or is it not worth the investment for your monthly budget? Feel free to share your stories on our social media platforms!

Why do you need to have pet insurance?

Pet insurance is a great way to save money if you're planning to get a pet. The amount of money that will be spent on your beloved furry friend may even surprise you:

A dog can cost as much as $7,000 just for medical expenses and medications in its first year alone.  This is a huge amount of money for a family who is just looking to get a  Pet insurance is meant to be a monthly premium that allows you to pay as you go instead of spending everything at once on medical bills. In exchange, your pet will be covered for almost all illnesses and accidents that may occur.



As mentioned above, different providers have different plans. If you do the math, most low-end plans pay around 80% of the bill (after the deductible is taken into account) while high-end ones pay anywhere from 95% - 100%.

Aside from saving you money on vet bills in case something happens to your pet, there are other benefits: You know that your pet is properly covered regardless of where he goes or what he does.

In the case of pre-existing conditions, your pet is covered in case symptoms reoccur even when they're not connected to the pre-existing conditions.

What is the cost of pet insurance?

This is hard to answer because it depends on a lot of factors. The main factors are where you live, what kind of plan you're buying, and from which pet insurance company. Your age, gender, and marital status also play an important role in determining your premium amount. 

"How much is pet insurance?" is a common question that is difficult to answer because everyone's needs are different. If you are looking for a personalized quote, here is a link to get you started:

Pet insurance cost is based on your:

  • Pet's age(older pets are usually more expensive)
  • Pet's Breed (there are breeds that are prone to hereditary
  • Location (if you live in a city where there is a high crime rate, you will need to pay more than if you live in an affluent neighborhood). 


An example is that a 10-year-old dog named Lola is spayed and is living in Houston, Texas. She is insured by Trupanion. The annual premium is $223 per year.  

Pet insurance plans range from as little as $15 a month to as much as $200 a month. The more expensive plans have a lower deductible and will thus pay for more services without you having to pay upfront. The cheaper ones are not as comprehensive and are only meant for accidents and illnesses. The higher-end ones are more expensive because they pay for preventive care and cover long-term illnesses.

Pet insurance is generally paid for monthly, although there is no enforcement on how often you should pay. You can choose to pay every two weeks, every month, or at any other interval that is convenient for you.

Do your research and pick a plan that is appropriate for you and your pet. Pet insurance is meant to deal with emergencies and is not meant for regular checkups.

Now is the time to invest in pet insurance if you are looking for years of worry-free care for your pet. You'll be able to save time and money, which is why this is one of the best investments to make when it comes to taking care of your furry friend, so it's definitely worth the pet insurance cost.

Most pet insurance providers will have a limit on how much is spent per year, while others will not. 

"Can I apply for pet health insurance when my pet is already sick?" Yes, but there is usually a waiting period before you can make your first claim. You can ask the provider to waive this waiting period if you are willing to pay higher premiums.

Only pick a plan that covers the things you need and is within your price range. It is worth it to invest in a yearly physical and dental checkup so as to find any pre-existing conditions early on before they progress and cost way more than if they were treated earlier on. The pet health insurance is only there to pick up the tab if your pet is sick or injured.

You can also go to our blog and read everything about pet insurance. The more you know, the easier it is to pick a plan that is right for you.

Other benefits of having pet insurance are not only cost savings but also non-financial ones including priceless peace of mind, feeling confident in your decision, knowing that your pet is protected, and not having to put your pet through a lifetime of debt.

Think of it as a form of investment for your beloved pet. You'll be able to give them the best care possible if something were to happen. Pet insurance is way better than putting your hard-earned money towards a yearly deductible, co-payments, and having to face the stress of a huge vet bill.

When applying for a plan, check whether there is a limit as to how much is paid out per year or per condition. It is important to take this into consideration when choosing a plan because it is easy to spend over the limit if you are not careful. There is also a chance that your pet insurance provider will refuse to cover the cost of treatment if it is over the limit, regardless of whether there is still money left in the year, so it is best to be aware.

A pet is a member of your family and is going to be with you for a very long time, if not a lifetime. Investing in pet insurance is one of the best things that you can do for your furry friend. You'll have peace of mind knowing that they are protected from injury or illness.

Unforeseen (and costly) emergency veterinary costs are all too common, and it's very difficult to anticipate. In reality, one in three pets will require urgent treatment at some point during their lives.

Paying for these unexpected vet bills is stressful enough, but having to deal with the financial cost of your pet's treatment is even more difficult.

The average cost of a single trip to the vet is $508 (not including medication and follow-up visits), so it is important to take this into consideration when budgeting for your pet health care.

If you have pet insurance, then your insurer is covering the cost of treatment. If not, then you are responsible for the entire bill. It is extra stress that is completely avoidable by investing in pet insurance.

Below is a chart of the average costs of some accidents and illnesses your pet can have.

pet insurance costs

In the event of an emergency that is not totally addressed (often due to a lack of pet owner funds), something may be overlooked or neglected, resulting in future therapy costs. This extra money would only add to your debt and interest charges will raise overall expenses even more. If this is avoidable, it's essential that you do so.

Pet owners are constantly having to choose between paying a lot of money or saving their beloved pet. Having your pet covered is well worth the pet insurance cost that comes with it.

How do I know if my pet needs to be insured or not?

If you have a dog or cat, there is a very good chance that your pet is already covered by nature's insurance. 

These are some of the benefits of being a pet owner: You get to feed it, take care of it, and love on it every day. Your heart is filled with joy when you see its tail wagging as you come through the door. 

Having said all that, a lot of breeds have specific health issues, so it is best to research your breed before deciding not to have pet insurance.

Larger dogs are also more prone to suffer from health problems that smaller dogs don't. Larger dogs are more likely to get arthritis and various heart issues, which might need ongoing therapy and cost hundreds or thousands of dollars each year.

Hip dysplasia is a disease that affects many kinds of dogs and is very commonly seen in Corgi. Hip dysplasia is an inherited condition in which there is a fault in one or both sides of the dog's hip joint. A dog with hip dysplasia has an ill-fitting thigh bone into the hip joint.

If you want to know more about your particular breed, here are some breed guides to get you started!

It is a sad fact that thousands of pets are euthanized each year because their owners could not afford to pay for expensive treatments. If only they have pet insurance coverage, many lives could've been saved.   

When is the right time to get pet insurance? This is a question with no definite answer, but our recommendation is and always will be the sooner the better.

If you are planning to have a pet, is pet insurance worth it? Yes! The truth is that Pet Insurance is not really insurance at all-it is more of a pre-paid medical plan for your pets. The best time to start getting pet insurance is when you get your new fur baby or even before you have one. So is pet insurance worth it? Of course, it is! 

"Is pet insurance really worth the price?" We know that as an owner, there is nothing worse than having to make a choice-pay for my pet's treatment or pay rent. If you're in this situation right now, then know that is not the end of the world. These medical emergencies do happen and is "pet insurance worth it?" is a question that is often asked by pet owners. It is important to know that there are many different types of pet insurance plans available and you can actually save money too with these plans, so is pet insurance really worth it? The simple answer is yes!

Tips for finding the best pet insurance

If you own a dog, then the best time is when he is still a puppy. This is because pet insurance providers offer better rates for puppies because they have good odds of growing up to be healthy and strong pets.

The same goes for cats – just make sure you have the papers to prove it if your plan covers hereditary conditions!  

Another way is to shop around for pet insurance providers every year or two (or more!) as new ones crop up all the time. Some companies even give away free pet insurance quotes online, so you can just browse through their sites without any cost at all or go to our free personalized quote tool and get started there!

Here is a list of the best pet insurance companies in 2020 based on pet owner reviews

Top 10 providers


If you are living in a neighborhood with other dog owners, asking around is an option. If your neighbors have dogs then they might know about veterinary hospitals that offer discounted rates to clients who live within the area because it is cheaper for them to deliver goods and services nearby.

The same is true with pet insurance companies-it is cheaper for them to offer a multi-policy discount if you have more than one pet. If you have a friend who is planning to get a new dog soon, it is best to get your own plan first and then ask him or her for recommendations that is also an option.

Typically, is pet insurance worth it is a question that is asked by customers before they even have their first appointment. As you can see from the examples above, there are many ways to save money on your plan and at the same time give yourself peace of mind!

Is pet insurance really worth the price? The answer is yes! But how is it even possible is a question that is often asked by pet owners? Well, it is a question that is answered by the benefits and perks of pet insurance. These are some of the questions pet owners ask themselves to avoid getting pet insurance:

  • what if my pet doesn't get ill or have an emergency?
  • Am I wasting my money?
  • I could save the money and pay upfront

All of the above might be true, but the reality is that most pets do get into accidents, and some pets even develop chronic conditions that require continuous treatment. answering "is pet insurance worth it" is not about if your pet will get into an accident, but when. Your peace of mind is well worth the price to ensure you and your pets' protection-after all is said and done, is it really worth risking everything?


You no longer have to worry about paying medical bills if your dog is already covered by your plan. This is another reason why is pet insurance worth the price? Most definitely! The price is justified because you can save hundreds or thousands of dollars.

When is pet insurance a waste of money?

If you live in an apartment building, then there is probably not much point in getting pet insurance for your dog. Unless your place is robbed or damaged by fire, there is really no need to bring your pet to the vet unless he gets hurt from an accident at home. Pet Insurance companies will specifically ask about the floor level that you live on when they are taking down your information during the application process.


You may also want to skip out on pet insurance if you have access to a high-quality animal shelter near where you live. You'll be able to help the animals under their care and avoid paying any fees for bringing them into our homes – which is why we love rescuing displaced pets!

If you are currently unemployed or looking for a new job, then the price is also subjective. If you don't have enough money to pay for the bills, it is best not to get any pets at all right now because if anything happens to them, you will be more heartbroken than you can imagine. You would not be able to cope with loss.

If you do not have enough time to bring your pet to the veterinarian or if you do not have enough time to spend with your pet, then is it really worth getting one at all? If you work late hours and come home tired?

The answer is still yes, but you'll have to ask your employer for a longer leave of absence or prioritize the time that is needed to keep your pet healthy. Just like human beings, pets need their exercise and playtime – they also require proper grooming and all the amenities we take for granted.

If is worth it is still a question in your mind, then the only way to find out is to get one. The application process is really easy and there are no hidden fees, here is a link to our free personalized quote tool!

Are there any pet insurance scams out there?

Pet health insurance is not very widespread yet, with only 10% of American households having pet insurance coverage. This is why scam artists may try to take advantage of this by offering low-quality plans or giving false information about their services online or offline. Make sure you stay away from copycat sites - the best ones are made by providers themselves (or official affiliates/partners).  Be careful during the application process as well. If you notice any unusual requests, or sudden changes in statements (eg: requiring to pay for your pet upfront), then it is best that you just back out and report the situation to the Better Business Bureau so other people will not be cheated too!

Be sure to check out the different sections of our website! It is full of reviews about pet insurance from pet owners, pet care as well as useful information about how to keep your pets happy and healthy through diet and exercise!

Always look to buy directly from the insurance company. Here are some of them!

aspca Healthy Paws Pet Plan Prudent Pet Nationwide
Trupanion Embrace Pets Best Pet Partners Hartville

So, is pet insurance worth it?

The decision to get pet health insurance is a personal one, and there are no right or wrong answers here. Some people choose not to get it because they know that their pets will never need treatment for anything serious and consider pet insurance as something that's only good for emergencies. Others find it very important to have because it gives them peace of mind on what can happen to their beloved furry friend.

Each pet is an individual, so you will have to decide for yourself if you'd prefer to pay upfront or saving money in case something happens. Remember that some insurance providers offer cashback if you buy your first policy within a certain period of time after the date your pet turns 6 months old, so it's always a good idea to take advantage of any discounts you can get. Also, if you have more than one pet, then you could even find discounts.

Before you purchase any of the pet health insurance plans, ask yourself the following questions: Do I have enough savings to pay upfront if my pet ends up needing emergency treatment? Does my state allow me to get reimbursed in case something happens to my pet when he's away from home? What is the coverage level of this provider (80% - 100%)? Is it a good deal compared to other providers? Does my pet have ongoing health issues that will require treatment in the future? Am I willing to compromise in getting cheaper plans in exchange for lower coverage levels, which means no reimbursement if my pet is sick?

Ask yourself these questions to see if pet insurance is worth it. You can also explore the point of view of veterinarians. Talk to your vet, ask them about it, and if you need more information, there are a ton of resources you can find on our site here are a couple of useful links:

What is pet insurance?

How does pet insurance work?

The cost of not having pet insurance

If you're ready to get started here is a link to our free personalized quote tool and dog insurance and cat insurance providers!



  1. Brooks, L. (2020). Average Cost of Emergency Vet Visits. Retrieved from
  2. VetTech. (2020). 25 Amazing Veterinarian Breakthroughs in the Last 10 Years. Retrieved from
  3. PetCure Oncology. (2020). Can Pet Insurance Help Fight Pet Cancer? Retrieved from
  4. Probasco, J. (2020). Insuring Your Parrot, Ferret, Potbellied Pig, or Horse. Retrieved from