Pet insurance can help you save money on emergency treatment for your furry friend. If you’re looking for the most affordable pet insurance policy around, there are a few things that you’ll want to look for specifically. Let’s take a look at some of the top tips for saving money on your pet insurance policy.
Don’t Stick with One Carrier
Opting for a single carrier is usually a bad idea if you’re looking to save money on your pet insurance because getting a good deal is all about exploring your options. There are many factors that go into determining the cost of your pet insurance, and some carriers will look at certain factors, such as your location, differently.
We’d recommend getting a quote from at least four or five different carriers before deciding on the best one since this will give you a pretty good idea of how much you can expect to pay for coverage. Once you have a ballpark estimate of the cost of coverage, you can then make a more informed decision.
Bundle Your Coverage
One of the biggest mistakes that people make when shopping for insurance is not checking to see if one of their existing insurance carriers offers the coverage that they’re looking for. For example, if your car insurance or home insurance company offers pet insurance, you may be able to save by going with them.
This is because an insurance carrier doesn’t want to lose your business to a competitor. To keep you working with them across various types of insurance, they’ll typically offer you a discount if you bundle your pet insurance with one of their other kinds of coverage.
Get Your Pet’s Insurance While They’re Young
Don’t wait until your pet gets old to get them insurance since you’ll likely end up spending a lot more money on your premiums at that point. This is because of the higher likelihood of an older pet getting sick or injured because their systems simply aren’t as robust as they used to be.
This increases the likelihood of you needing to file a claim for your pet, which is something that insurance companies know well. If they’re going to be more likely to pay out, an insurance carrier will charge you more for your pet’s coverage. If you get coverage young enough, some insurance companies will freeze your pet’s rate at the one they had when they were young.
Pick a Breed that isn’t Predisposed to Genetic Conditions
Many pet insurance companies will also consider the breed of pet that you have when coming up with your premium. Certain breeds are more likely to contract specific conditions, many of which can be extremely costly to treat.
The size of your breed will also impact the cost of your pet insurance since larger breeds of both dogs and cats will cost more for a vet to handle. If you’re looking to limit the amount you spend on insurance, opt for a smaller, healthier breed.