Is Pet Insurance Worth the Cost?
Pet insurance premiums are increasing, but is it a worthwhile investment for your pet? The answer depends on several factors, including your pet’s breed, age, and health risks.
Different breeds have varying health risks. For instance, German Shepherds are prone to hip dysplasia, which may require specific insurance policies. In contrast, smaller breeds like Cockapoos may need different coverage.
For young, healthy pets, an emergency-only policy might be sufficient. These plans average $17 per month for dogs and $10 for cats, covering accidents and emergency surgeries. Adding coverage for serious illnesses increases the cost to around $56 monthly for dogs and $32 for cats.
Routine care plans are also available, covering services like teeth cleaning, vaccinations, and checkups. Chewy, a well-known pet food retailer, offers these plans starting at $20 monthly.
Certain groups can benefit from discounts. AARP members can save through Fetch Insurance, while first responders can receive a 10% discount with MetLife. Bundling pet insurance with home insurance can also lead to cost savings.
