What is It?
What are the Options?
Who Offers It
Actual Insurance Policy
(formerly known as Veterinary Pet Insurance Company (USA))
Anywhere from $18-$65 per month, depending on what’s covered
£29 – £39 a month for 10 months (annual plan)
An alternative to insurance, a discount plan allows you to receive a discount on your vet bill.
Pet Assure – they offer you 25% off your vet bill when you show your Pet Assure Card (but you have to use a vet on their providers list). They also offer up to a 50-percent discount at participating pet merchants such as boarders, trainers and sitters.
$7.95 a month or $79 a year for a single guinea pig (Contact them for latest prices)
- Pet Insurance Review
Vet Bill Credit Cards
Care Credit offers you a credit card to pay your vet bill, if you have good enough credit to qualify for it.
They offer a no-interest grace period of 6, 12, 18 or 24 months. But if you carry a balance after the grace period, you’ll be paying a 26% interest rate.
depends on your balance and interest rate
- Credit Karma Review
Do I need it?
Things to Consider When Making Your Decision
- Like all insurance, you don't get your premium back if you don't use the insurance. Insurance can really save you from lots of heartache, but if you don't use it, you're not getting your premium funds back. I pay $1200 a year in car insurance, and I've never used the insurance. I feel bad about the ($1200 x 6 years) = $7200 I've spent without getting anything in return. I mean, thank God I haven't had a car accident, and if I have one, I'll be glad I have it, but right now, that's a lot of money I won't ever see again. The same goes for pet insurance. You either use it or lose it.
- Know what you're paying for. Yeah, it's boring to sit and read through all that fine print and legalese, but you really need to know what's covered, what's not covered, how much you have to pay in each situation, etc. Do the reading BEFORE you purchase so that you're really getting what you need and want and don't get a bad surprise later when you go to use it.
- Watch out for pre-existing conditions. Most insurance policies won't cover them, and when I read tons of reviews online about Veterinary Pet Insurance (VPI), that seemed to be the biggest complaint people voiced - "they said it was a pre-existing condition and wouldn't pay". I don't know the details of any of those cases, but be very careful with pre-existing conditions, because it could cause bills you think should be covered to not actually be covered.
- If you've had a pet emergency and have had to take your sick pet to the vet, you already know that vet fees can be quite exorbitant. For example, I went an got an X-ray last year and the hospital charged me $45. I took my cat to the vet, she got an x-ray, and the vet charged me $90 for the x-ray! But we love our pets, and with a vet, you generally don't get the fee upfront - only after the care has been rendered, so you're stuck with the bill. If your pet has a minor illness, your bill might be a couple hundred dollars. But if something really bad happens and he needs surgery or hospitalization or long-term care, you're going to be paying a LOT. Insurance gives you peace of mind, so you know that when something bad happens, you'll be able to handle it financially.