The Costs and When to Start

Generally, pet insurance plans are fairly reasonable and can cover as much or as little as the pet owner wants. The younger the pet is, the less expensive the monthly premium typically. Pet owners interested in pet insurance would benefit from starting a policy when the pet is fairly young. Owners may find they have significant savings if they start basic or comprehensive plans with a puppy or kitten because of the multiple wellness visits and spay/neuter procedures necessary early in a pet's life. Insurance for older pets or pets with pre-existing conditions will most likely have a higher premium.

Some insurance carriers also offer a discount for multiple pets in the same household on the same plan. Check with insurance providers and fully review the different types of plans and costs. The monthly premium should range from $10 to $30 and includes a deductible. The lower cost plans are usually plans that only cover accidents or emergencies. The cost is minor because if you are faced with a costly emergency you will be able to provide the proper care to your pet without worrying about the cost. All plans are different so be sure to thoroughly review all the options and benefits and how to file claim with your chosen insurance provider.

Another way to save on pet insurance is through group benefits. More employers are offering pet insurance policies as an option so owners should check with their employer before they purchase a plan. This often decreases the cost to an owner and makes the pet insurance even more reasonable.