How to Save Money on Dog Insurance
January 03, 2023
Everyone wants to save money, right? If you’re anything like us, you probably want to save as much money as possible, especially with the rise in the cost of living and energy bills. Fortunately, there are plenty of ways to cut your costs and save money on dog insurance. Keep reading for some great tips that will help you save money on your dog's insurance.
Understand Why You're Paying So Much For Your Dog's Insurance
One of the most important things you can do to start saving money on dog insurance is to get a grip on your dog’s insurance costs and understand where and why you’re spending money on your dog’s insurance. This can help you opt for a lower level of coverage and save money in the long run.
If your dog ever gets sick or injured, dog health insurance pays for most of the cost of care. Most plans will cover basic exams, vaccines, neutering/eartipping, and other routine treatments. Depending on the type of breed, your dog may require a lot more medical attention than you do. In such cases, getting a suitable pet policy is important for better peace of mind. However, if your dog is healthy and only needs regular vaccines, you can probably save a small fortune by opting for a cheaper pet insurance policy.
Shop around for the best rate
One of the smartest things you can do to save money on dog insurance is to shop around for the best rate before getting one. Make sure to compare prices from multiple different insurance providers and call around to see if you can get a better price on your own policy. Keep in mind that pet insurers will often charge more for the same coverage in a different location, as well as for different types of coverage. Be sure to ask about the different add-ons and situations that are covered within the policy, like what happens if something happens and you’re not at home to take care of your dog.
Disclose Medical Conditions
As silly as it sounds, some insurers will charge more for dogs with pre-existing medical conditions, like diabetes or epilepsy. But it’s important to let your pet insurance company know as soon as possible if your dog has a pre-existing health condition, so they can cover you properly. If you don't, you could end up having to pay for all of the medical care for any health conditions not listed in your policy. If you don’t know the exact condition, you can let the insurance company know that your dog has “some health issues,” and they may fit you in with a lower policy.
Get a side-by-side comparison of policies
When you get a chance to compare different policies side-by-side, you can get a better feel for what kind of coverage you’re looking for. Is there a difference in the way certain policies cover things, like extra vet care or certain medications? It can help you save a lot of money in the long run by giving you a feel for the kind of coverage you want. Be sure to ask your potential dog insurance providers about what different policies mean, like what extra conditions are there to qualify for certain benefits.
Choose to pay yearly than monthly
Paying for dog insurance annually can be a better deal than paying monthly. Most pet insurance policies offer better rates for annual coverage, and some companies may require buyers to sign up for a term plan rather than going month-to-month. Most pet insurance providers can also offer discounts for buying annual coverage, and some will even give you extra benefits if you buy your plan upfront. So it’s always a good idea to compare rates between plans offered by the same company to get the best deal.
Also, the longer you have the policy, the cheaper it will be. Plus, if something does happen and your dog needs to go to the vet or get medication, you won’t have to worry about paying for it all at once. If you have a pet that gets sick often, it can be worth it to get an annual policy that covers more than just accidents.