With so many options for pet insurance on the market, it can be time-consuming to try and compare the costs and coverage of all the policies. Luckily, our guide can help you quickly narrow down your choices to find the best coverage for your many pets.
Understand the Basics of Pet Insurance Coverage.
Before you start comparing pet insurance costs, it’s important to become familiar with the basics of pet insurance coverage. Pet insurance can help cover the cost of unexpected illnesses, injuries or diseases that may occur over your pet’s lifetime. Policies generally have limits on how much they will pay per vet visit and per year, so be sure to check what coverage is offered under each policy before making your purchase decision.
Assess Your Pet’s Risk Factor for Injury and Disease.
Before investing in pet insurance, it’s important to assess your pet’s risk factor for injury or disease based on their lifestyle, age and breed. For example, if you have an active sport dog who competes in agility competitions, they are at risk of sustaining more injuries than a less active indoor cat or dog. Knowing what type of coverage your pet needs will help you select the best policy at the most affordable cost.
Consider Optional Types of Coverage and Add-Ons.
Many pet insurance policies offer optional types of coverage and add-ons, such as dental and vision care, alternative therapies, and even overseas travel. Consider these add-on benefits when researching policies to make sure you are getting the most comprehensive policy at an affordable rate. Be sure to compare deductibles, reimbursement levels and any exclusions or restrictions that may apply before selecting a policy.
Get Quotes on Multiple Policies From Different Providers.
When seeking pet insurance, it’s important to compare not just the cost of the policy, but also the benefits and exclusions offered. A great way to do this is by getting quotes on different policies from different providers. By comparing multiple policies, you can ensure that you are finding the best policy for your pet’s needs at an affordable rate. Plus, most pet insurance companies offer discounts when signing up for more than one policy so be sure to ask if these are available!
Calculate Overall Cost vs Benefit of Each Policy.
Once you have gathered quotes for multiple pet insurance policies, it’s important to compare not only the monthly premiums but also the benefits offered. Ask yourself questions like: Are the illnesses or accidents covered in each plan? Is there an annual coverage limit? Are there any exclusions that could prevent me from accessing coverage when needed? You should also weigh the cost of all of these variables together to get a full understanding of how much coverage you can receive within your budget.