An Easy Guide To Keeping Pet Insurance Costs Down
Do you want to purchase pet insurance, but are scared you can’t afford it?
Pets are lifelong members of the family; and it’s your duty as a responsible pet owner to make sure their needs are met. They need love, food and shelter, as well as care if they’re hurt or sick.
Unfortunately, the cost of your pet’s health care can be sky high, which is why so many people choose to buy pet insurance. The problem is that good insurance does not come cheap, while cheap insurance often has such poor cover that it’s basically useless.
Sounds like catch-22, huh?
Well, if you’ve been struggling with this issue, we’re about to make your day.
It is actually very possible to keep pet insurance affordable without compromising on the quality of cover.
Read on to see how.
Get Them While They’re Still Young
Insuring a kitten or puppy is typically much cheaper than insuring an adult pet.
As a rule of thumb, the older a pet is, the more expensive it will be to insure. In fact, some insurers even have age limits beyond which they will not insure your pet.
There’s a reason for this. The older your pet, the likelier it is to get seriously ill and require expensive treatment.
Insurers are businesses, so they need to offset this risk by charging you a higher premium.
The flipside is that it’s usually much cheaper to insure a young kitten or puppy, simply because they’re healthier.
Besides, the younger your pet, the less likelier it is to have suffered an accident or illness that could qualify as a pre-existing condition. This means that insuring your pet when it’s still young will also minimize exclusions.
Adopt Don’t Shop
There are many compelling reasons why you should adopt a mixed-breed pet from a shelter instead of buying a pedigree pet.
Pedigree pets are often expensive and very high maintenance. Mixed-breed shelter pets, on the other hand, are much cheaper to adopt and give you the satisfaction of knowing that you’ve saved a life.
But what you might not know is that a shelter pet could also save you money on your pet insurance.
Most pedigree animals draw on a smaller gene pool than mixed breed animals, so they’re more susceptible to illness and generally have a shorter lifespan. Consequently, they’re more expensive to insure.
Mixed-breed pets, on the other hand, are hardier and live longer. They’re also less susceptible to congenital and hereditary conditions. This will save you even more money, since cover for congenital and hereditary conditions is often either excluded or only available on more expensive plans.
Prevention Is Better Than Cure
While this is an often overused cliche, it doesn’t make it any less true.
The best way to keep pet insurance costs down is to make sure your pal is in tip top shape.
You should feed your pets a high-quality diet, give them regular exercise and take them to the vet for annual checkups. This might cost a bit more in the short term, but it could potentially save you a ton of money in increased insurance premiums and out-of-pocket fees in the long run.
You’ll also get to enjoy life with your pet for longer.
Spay or Neuter Your Pet
Spaying or neutering your pet isn’t just the responsible thing to do, it also keeps insurance costs down.
Spaying or neutering your pet significantly reduces or eliminates the risk of certain conditions and diseases, including cancers of the reproductive system. This makes your pet a lesser risk for the insurance company, which in turn leads to a cheaper premium.
Choose a higher deductible
The deductible is a fixed amount you have to pay out of your own pocket before cover kicks in.
Many insurers have a choice of deductible. Choosing a higher deductible will decrease your insurance provider’s exposure, and consequently the cost of your insurance premium.
Of course, a higher deductible will increase your out-of-pocket expenses. However, this will mostly be the case for small claims. You’ll still be more than adequately covered in the event of a large claim, especially if the deductible is only payable once a year. Given that the reduction in premium could be significant, it might be worth the trade-off in the long run.
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