Having pet insurance for your furry friend is one of the best ways to make sure that your pet’s health care needs will always be taken care of. Pet insurance provides pet parents with peace of mind, and it can also help you to save money on unexpected vet bills.
If you are a new pet parent looking to purchase the right pet insurance plan for your cat or dog, you are in the right place. We’ll walk you through the steps you need to take to find the most affordable coverage for your furry family member. Read on to discover the top seven ways to save money on pet insurance.
1. Adjust Your Policy
For most providers, the pet insurance cost may differ, depending on what you want your plan to cover. If you already have pet insurance and are looking to lower your monthly cost, start by making small adjustments to your policy. For example, you can ask your provider about raising your deductible, reducing your annual limit, and even lowering your reimbursement rate.
All of these changes will help to lower your monthly premiums, and will help to save you more money over time, as long as your pet remains in good health. You can always adjust your plan later on down the road, once your furry friend is older, to include more coverage options.
2. Shop Around and Compare Costs
One of the best ways to save money on pet insurance is to shop around and compare costs. This will help you to get the most bang for your buck, and select a company that will provide you with the best and inexpensive overall coverage.
You can also get a quote to compare companies, and read reviews from other pet parents to help you make your final decision. Make sure that you always check the rating of the company as well, so that you can rest assured knowing that your furry friend will have the best protection.
3. Choose Accident-Only Coverage
If you are looking for the most affordable pet insurance plan for your pet, accident-only coverage is the way to go. These plans do not cover wellness plans and routine vet visits, but they still offer emergency protection for your pup, and will ensure that you have a financial plan in place for your pet’s health care needs.
4. Pay Annually
Another key way to save money on pet insurance is to pay annually. Most pet insurance companies offer several different payment options, including monthly, quarterly, semi-annually, and annually billing. If you are currently on a monthly payment plan, odds are you are paying a few dollars more per month than you should.
To save some money, switch over to an annual billing cycle. While it may seem like a large amount of money up front, it will actually save you money over time.
5. Find a Company With a Healthy Pet Deductible
Many pet insurance providers offer a healthy pet deductible that helps pet parents to save money, every year that they do not file a claim. For example, if your furry friend is young and healthy, they will be less likely to need medical services, which means that your annual deductible could be lowered.
6. Stay Loyal to Your Pet Insurance Provider
While it can be tempting to switch providers if you see a cheaper rate, know that staying loyal to your pet insurance provider may actually pay off in the long run. For example, it’s always cheaper to insure pets when they are young and healthy, without any pre-existing conditions. However, the older your pet is, the more-likely it is for them to develop a condition that may contribute to higher costs at an alternative pet insurance company.
You can also look for quote when your renewal time comes around, but it’s always best to do your research beforehand, and to make sure you always read the fine print before switching providers.
7. Look For Special Offers and Discounts
Some pet insurance providers give out special offers and discounts, depending on the time of year, to help pet parents save some money when signing up their pet. For example, you can look for shelter and rescue adopter discounts, service dog discounts, military discounts, and spay/neuter discounts.
If you have more than one pet that you are looking to insure, most pet insurance companies also offer a multipet discount, which helps you to find easy and affordable coverage for all of your furry friends.
Final Remarks
All in all, when it comes to choosing the right pet insurance for your furry friend, you want to make sure that you are getting the most coverage for your dollar. Remember to shop around and compare costs, and to make the key adjustments to your policy, in order to save the money on your dog or cat’s pet insurance. Happy shopping!
