Pet Insurance: Cheap Pet Insurance May Cost More Over Time

In the minds of many pet owners, cheap pet insurance is better than no insurance, but when something major happens with their beloved animal they may find this is not entirely true. While cheap pet insurance may be available at a lower monthly premium, how much of the vet’s bill it actually covers may make animal health care costs higher in the long run.

When looking for cheap pet insurance the monthly premium should only be a starting point, with the deductible the primary consideration in making a choice. If the cost of the deductible will be about the same as the difference in the monthly payments, it will probably pay to pay a little more each month instead of a larger amount each time you take your pet to the vet.

However, if you have an extremely healthy pet that listens to everything it is told and there is little chance of injury or illness, then cheap pet insurance with a high deductible may suit your needs. Many pet owners are able to cover the annual veterinarian costs and buy cheap pet insurance simply to cover catastrophic emergencies they may experience with their pets.

Budget Is Major Consideration For Quality Pet Care

Many families simply do have the financial resources to buy a low deductible, high payout health care plan for their pets. They may be struggling to maintain health insurance on the human members of the family and will choose cheap pet insurance just to be protected in case of an emergency. For those having some coverage will help them make decisions on their pet’s health based on other than financial concerns.

Other considerations with cheap pet insurance are the policy’s maximum allowable payout over the life of the pet. They may also have a maximum payout on an annual basis and may not cover annual checkups or vaccinations. The occasional visit to the vet when the pat develops a cough or cold may also be the owner’s responsibility with the cheap pet insurance picking up little or nothing of the cost unless the illness develops into something more life threatening.

In some states, pet insurance is not regulated by any government agency and care must be taken to insure that company with which you obtain cheap pet insurance is a solid company and not a fly-by-night organization simply after the money. If your state does not regulate pet health insurance, check with the Better Business Bureau to insure you are dealing with an honest company.