Weekly question: Is pet insurance necessary?



I certainly do not have pet insurance for my mutt and cat. But I’m not totally against it, either. I have young and healthy pets, and so far I’ve been able to afford all of their vet bills with no problems. I would also be willing to spend a few thousand dollars out of pocket if one of them ever needed it. Maybe when I have more income and more pets it will make sense to buy pet insurance. For now, I’m managing without it.

The vet expenses add up, of course. Right now, I am paying at least $500 per year at the vet between my dog and cat for mostly routine vaccinations, flea prevention, heartworm prevention, occasional ear infections, etc. Pet insurance companies such as PetFirst Healthcare offer basic premiums starting at around $30 per month. Is it worth it?

I never rule out anything when it comes to my pets. A year ago, I never though I would be buying natural dog food. Tomorrow I’m planning on buying natural food for Ace for the first time. I’m not interested in pet insurance now, but maybe I will be down the road.

What do you think? Is pet insurance necessary? Do you have pet insurance? Are you considering pet insurance for your pets?

Golden retriever dog and springer spaniel dog sitting on a bench in a back yard

(Every week, I am going to ask a dog-related question. I don

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  1. K9 Amiga on June 10, 2008

    i think the older they get, the better an owner feels knowing that safety net is there. vet bills can get incredibly expensive. i don’t have insurance, but i like to think that if anything ever happen, id get creative and do some fund raising from friends family and acquaintances.

    K9 Amiga’s last blog post..Computer Speaks Dog?

  2. Apryl DeLancey on June 10, 2008

    I’ve been milling this over myself and haven’t really decided yet. It seems like it would be good for an older animal but I’m not sure they will always cover them.

    Apryl DeLancey’s last blog post..5 Questions With A Running Back

  3. Mayra Calvani on June 10, 2008

    I don’t think there’s pet insurance here in Europe yet, except perhaps for England. But vet bills are considerablly lower here as well. It’s just like with medical care. It’s so much expensive in the US, compared to here, where it’s mainly socialized. I know my friend in Fl has paid thousands for her sick pets, and she doesn’t have insurance. It would be terrible to have to put a loving pet to sleep because of lack of money.

    Mayra Calvani’s last blog post..My virtual book tour continues…

  4. vee on June 10, 2008

    I’ve been thinking about this question for a while as well. So far walter has had two er trips that we’ve been able to afford just fine. I’m worried about accidental injuries – such as hit by a car, or eating something they shouldn’t. Those DR bills can be mighty

    vee’s last blog post..EGAD!

  5. castocreations on June 11, 2008

    I think I wrote about this … my mind is like swiss cheese right now.

    I’ve decided that it probably is NOT worth it. We’re paying $12.95 a month per dog = $38.85 a month. And it doesn’t even cover things like Quinn’s latest dental adventures. *sigh*

    So I *think* we’re going to cancel all three and start putting that $40 away in an ING account. That way we earn some interest and can have fairly quick access if we need the money.

    Plus we can use the Care Credit option – getting 12 months no interest if needed.

    castocreations’s last blog post..Quinn is Doing Better – and Trooper Rocks!

  6. Lora on June 11, 2008

    I cant afford pet insurance with 6 dogs. I called a couple of companies one time. The quotes they gave me for 6 were akin to human health insurance for a family… I have just put money away when I can and have to hope for the best. I figure i would pay in premiums in about 3 months the total amount they would cover for any one claim for my dogs.

    Lora’s last blog post..Wordless Wednesday