Is pet insurance worth it? Here are some pros and cons

Beautiful female vet poses for the camera with a Goldendoodle patient
Pet insurance has many benefits for your furry friends, but it comes at a cost.


As inflation remains stubbornly high and the outlook for relief unclear, millions of Americans are taking a closer look at their monthly spending. The benefits of all subscriptions and services are weighed against their financial cost. Sometimes this leads to a reduction or even elimination of services to help make ends meet.

Even though you can’t (or shouldn’t) cancel certain financial protections like life insurance and car insurance, other services are worth evaluating to determine their true value. For pet owners, you may be reconsidering animal insurance.

This unique financial protection has multiple benefits for you and your four-legged friends, but it comes at a cost. If you think it would be beneficial to insure your dog or cat, start with a quote. Getting started is easy.

Is pet insurance worth it? Advantages and disadvantages

There are many factors to consider before purchasing pet insurance, starting with your personal financial situation and preferences. It is also important to weigh the pros and cons.


  • Reasonable price. Pet insurance costs vary from provider to provider, as do the factors that determine price. However, you will probably pay between $15 and $40 per month for a cat and around $30 to $70 per month for a dog (Note: there are also pet insurance options for other types of pets). pets). Your pet’s breed, gender, age, and weight all affect your monthly count. And, if it seems a little expensive, remember that it takes into account the price of care, treatment and even operations. Compared to these standard fees, having pet insurance can be cost effective.
  • You don’t have to change vets. Unlike traditional health insurance for humans in which only “in-network” providers accept your coverage, pet insurance applies across the board. This way, you won’t have to search for a new vet once you’ve signed up. You can stay with the one who has always cared for your pet.
  • Peace of mind. As with other types of insurance, pet insurance provides peace of mind to the pet owner knowing that many bills will be covered. It can be difficult for someone to choose between paying to help their animal and paying for other expenses. Pet insurance takes the owner out of this difficult equation by providing additional resources for a fixed cost.

There are many other benefits to having pet insurance. Explore your options and set up a protection plan now.

The inconvenients

  • You will still have to pay something. Pet insurance can help reduce costs and sometimes eliminate them altogether. But, depending on your pet’s problem, recommended treatment, and any potential surgery, you may still need to go out of pocket. Pet insurance companies are also unlikely to cover pre-existing conditions that were diagnosed before your coverage began.
  • It doesn’t work like your health insurance. With traditional health insurance, a provider submits a claim on your behalf, leaving you little to pay in the office (although bills may come later). Pet insurance, on the other hand, requires you to pay the bill up front. It is then up to you to file the complaint individually with the service provider, who will reimburse you later.
  • You cannot use all the benefits. A monthly pet insurance bill will be worth it if it helps keep costs down. But, if your dog is healthy and doesn’t require frequent visits, you’ll end up paying for something you don’t use. Unfortunately, pet health is unpredictable, so you won’t be able to do a true cost-benefit analysis until you sign up with a provider.

As mentioned earlier, pet insurance has multiple benefits, and if you can afford it, it may be worth buying some form of protection for your pets. You can speak with a pet insurance provider today to learn more.