Is Pet Insurance Worth the Cost?

Is Pet Insurance Worth the Cost?

One question that we hear a lot from pet owners is this: Is pet insurance worth the cost? The truth is, that is really not a question that can be answered with just a simple answer. First of all, it is important to take a look at what pet insurance covers. Insurance policies can be tricky to understand, because there is all of the fine print, and what is covered and what isn’t. You really have to be careful when you are looking for a quality insurance policy for your pet.

Did you know that during 2013, pet owners spent over $14 billion on vet bills? This number is usually on the rise each year, which makes more and more pet owners interested in getting insurance for their pets. Since vet costs are on the rise, insurance can really help to make these costs much more management. The key is to find out what the policies include before you select a certain policy. Some may be more worth your investment than others.

What’s Covered in Pet Insurance?


One of the first things that we will look at is the coverage of certain policies. For example, some policies will not cover regular checkups and routine care. In fact, most of the policies do not cover these costs. Typically, your pet insurance is going to cover out-of -the-norm costs that are associated with certain injuries or illnesses. That isn’t always the case, so it is important to read all of the fine print before you sign up for a particular policy. By doing this, you will be knowledgeable about what you are paying for, and nothing will come as a shock to you down the road.

Is Pet Insurance Worth it for a Dog?

While both cat and dog owners invest in pet insurance for their pets, it is much more common among dog owners. Dogs are generally more likely to experience an injury, because they are more active and tend to go outside more often. 85% of pet insurance policies are actually written for dogs, versus only around 15% of the policies being for cats. With that in mind, the policies for dogs may be a bit more costly as well, so is it worth it?Is Pet Insurance Worth the Money?One thing that you need to consider is the rising costs of health care for pets in the United States. While we already took a look at the numbers for 2013, these numbers don’t really mean much to the average pet owner. Pet owners seem to have the mentality of ‘oh, it won’t happen to MY pet’.

They couldn’t be more wrong. Most of the time, illnesses and injuries come when they are least expected. If your pet were to have a serious injury that required surgery or other treatment, would you have the money to fix it? This is one of the questions that we ask people when they ask us ‘is pet insurance worth it?’ If you answered ‘no’, and you can afford the insurance policy, then the answer is simple.

The problem is, there are so many pet owners out there that are already on tight budgets. They already buy their pet premium nutrition dog food, get them proper maintenance care and keep them groomed, and there may not be any wiggle room in the budget for an insurance premium every month. The good news is that there are some very affordable policies out there, but if it just isn’t in the budget, then you need to try to set money aside into an ‘emergency fund’ in case something were to go horribly wrong with your dog.

The next time you ask yourself ‘is pet insurance worth the cost’, make sure that you are looking into all of the factors, including coverage, premium costs, your family budget, your pet’s activity level, etc. By doing this, you can make the best decision for your pup. Just remember, the best pet insurance policies will have good coverage at an affordable cost. If you can’t find this in a policy, you need to keep shopping around.



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I've been a dog lover since the day I was born but it's the current four legged love of my life, Phoebe who inspired me to create the Munch.Zone.

We moved together from Israel to New York in 2013, love hiking together, and never pass up a trip to the dog park. Watching her over the years sparked so many questions about dog behavior and health needs, and it wasn't always easy to find answers. Thus, the Munch.Zone was born.

On any given day you'll find me watching Netflix originals, eating popcorn, and thinking about how to get into house flipping.

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One thought on “Is Pet Insurance Worth the Cost?

  1. I sadly do not have pet insurance on any of my pets, but since anything can happen and I don’t want to see my pets suffer ever, I’m going to look into it and see if I can find insurance to fit all of my pets to better keep them protected. Thank you so much for sharing. I appreciate it so much!

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