Megan asked in PetsCats · 9 years ago

what is a good company that has affordable pet insurance?

i am planning on adopting a cat soon and after the financial hell that i went through trying to pay for treatment for my last cat i want to try having insurance this time around.

I'm on a low budget right now and I'm not sure how to go about finding good but inexpensive pet insurance online that isn't a scam. i live in southern California if that helps

2 Answers

  • 9 years ago
    Favorite Answer

    Well... according to Consumers Reports, pet insurance just is NOT a very good buy! Better that you put the money that you would otherwise have paid an insurance company into a SAVINGS account instead. Even if you take that money and pay it directly to your VET to be place on your account AHEAD OF TIME, like a PRE-payment plan, that would be better.

    Could you afford, say $10 per week from your budget? Give that to your vet. It can add up pretty nicely... $520/year. If you can afford a bit more, fine! But when you need that cushion it will be there. Say your balance at the vet is $200 credit on your account, and your cat get sick and needs to have a procedure done that cost $300. Well, it's a lot easier to have to come up with the $100 difference than the whole chunk of $300, right? Also, since you will have had a record of being a "reliable" pre-payer, your vet may just allow the $100 to be paid off little by little as you have been pre-paying before. You have built a "relationship" with him/her that can end up being to your advantage.

    Me… kittyslave23… I know my place.

  • Anonymous
    9 years ago

    I'm glad to hear that you are considering pet insurance! Pet insurance is good for unexpected accidents and illnesses. They can get expensive quickly, so it's nice to have insurance to cover the costs. Pet insurance does not cover pre-existing conditions, so if your new pet is already sick or injured, it is unlikely that pet insurance will cover the costs to treat it.

    For other costs like regular exams and vaccines, it's best to self-budget since these costs are expected. Some pet insurance companies offer coverage, but it is typically not cost-effective. (Imagine paying an extra $200 per year on your premiums for $200 worth of routine coverage...)

    A few good questions to ask when researching pet insurance are:

    1. Does the policy cover everything? Hereditary and congenital issues?

    2. What are the payout limits? Will it be enough money for my worst case scenario?

    3. How much does it cover for each condition?

    4. What are the pricing and deductible options?

    5. Is it an ongoing policy? If my pet has an illness during my first policy year, will it be covered the next policy year?

    Be sure to do thorough research - Some plans don't pay based on your actual bill, but have lists of predetermined dollar amounts that they will pay for each condition which can be shockingly low in many cases. I would recommend getting an actual insurance plan that covers based on your bill so that you are never faced with a difficult and expensive situation when you *thought* you were covered.

    We cover 90% of the actual bill for diagnostic testing, treatments, surgeries and medications including emergency and specialist visits. Trupanion is also the only provider to offer a $0 deductible option.

    Feel free to give customer service a call and get a no-obligation quote to ask all the necessary questions and find out what's best for you.

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