Why you should buy pet insurance this year

Inflation is still consistent (if slightly cold (than it was) and with interest rates significantly higher than in recent years, many Americans may be more prudent about their spending habits. Every purchase needs to have a clear benefit or it’s probably worth avoiding for now.

Although it may seem counterintuitive to buy additional financial products and services, there are things on the market that can actually help reduce costs. Pet insurance, for example, can cost less than $80 per month but can potentially save owners hundreds, if not thousands of dollars over the lifetime of their pet. In this instance, pet insurance is more than that It’s worth it.

So should pet parents act now? Or should they wait until the economy evens out again? There are some compelling reasons why owners should buy pet insurance this year, which we’ll explore below.

If you think you could benefit from the relief that a pet insurance policy can provide, start by getting a free customized price quote so you know exactly what to expect.

Why you should buy pet insurance this year

Here are three reasons why you should secure a pet insurance policy now.

Veterinarian costs are rising

It’s not just food shopping and gasoline prices. Trips to the vet are more expensive than in recent years. Veterinary care costs to rise 10% in 2022 Associated Press It was reported in September, citing government data. Considering that caring for a dog or cat typically costs hundreds of dollars per year, this increase can be difficult to deal with. According to the Associated Press, the cost of medical supplies, tests and drugs also increased.

With no financial relief for pet owners on the horizon, now is a good time to secure a pet insurance policy Pet insurance providers can help cover a wide range of diseases, conditions and vet visits – compensation You can directly spend your hard earned money elsewhere. So don’t let inflation affect how and when you care for your pet. Get a free pet insurance quote now.

You will pay less

Insurance – doesn’t matter ideal – For the young and healthy. The older an applicant is the more risky it is to insure them. That risk will be reflected in higher monthly premiums charged to the policyholder. Accordingly, the best time to buy a policy is now, when your dog or cat is as young as ever. The longer you wait, the more you will have to pay.

This is why pet insurance is particularly advantageous Puppy or kitten owners. Costs will never be lower than when your pet is small so start now. Each birthday that passes increases the price.

You will have more coverage options

Comes with pet insurance Different shapes and sizes. But if you wait until your pet is older, you’ll be doing yourself a disservice. Older pets are naturally sicker pets – and pet insurance companies won’t provide the same comprehensive coverage as if you had insured your pet at an earlier age.

Pet insurance companies won’t cover either Pre-existing medical conditions. These conditions can severely limit the coverage and benefits that a pet insurance policy can provide. But if your pet is insured before these health problems arise, you’ll be in a better position to enjoy stronger coverage.

You can easily start exploring policies and providers using the table below.

Bottom line

Pet insurance can be beneficial at different stages of a pet’s life. As with most financial decisions, however, timing is of the essence. If you act now, you can quickly gain an edge on vet costs. You can position yourself for lower cost and greater coverage options.