Cheap Pet Insurance

Finding the most affordable insurance for your pet.

Last updated on May 4th, 2022 at 03:10 pm by Bill Tsouvalas

Cheap Pet Insurance

If you are a dedicated pet owner, you have most likely considered the merits of taking out an insurance policy to help you care for your beloved pet.

While a reliable level of insurance coverage is desirable, it is completely reasonable to also want to find a policy that will be cheap and affordable for you to maintain in the long run.

With this in mind, you can find answers to all of your questions about cheap pet insurance and compare different policies here.

How can I get cheap pet insurance?

There are several key points you should remember when looking for the cheapest pet insurance. Arguably the most important factor in determining the cost of your pet insurance is the current health of your pet. It is also worth noting that costs will differ greatly depending on the level of coverage which you are seeking and the type of animal you would like to insure. Some approaches that you can employ to try to save money on your pet insurance include:

Bundling with other policies

Try to bundle your pet insurance in with some of your other existing insurance or financial services to receive a discount on your policy. For example, if you have car and contents insurance with one company, you could consider approaching them and enquiring as to whether they can offer you cheap pet insurance alongside your current policies.

Shopping around

It’s always best to survey the market as thoroughly as possible before committing to a pet insurance policy, not only prior to buying one but every time it comes up for renewal. The chances are that, at some stage, you’ll find a better policy than your current one. Also, certain companies offer discounts, limited-time free coverage or other incentives for choosing their services over another. For example, some insurers will pledge to beat any competitors’ quotes for similar types of coverage. This means that if you were to gather a range of quotes, then take the lowest quote to them, they would be likely to offer you pet insurance at an even lower premium.

Insuring your pet early

Consider making sure that you insure your pets from a young age while they still have a record of good health and have no underlying conditions. This means that you will be eligible to receive fair premiums from the outset and that because you are covered, your pet will receive adequate health care throughout its life, thereby mitigating the possibility of greater future costs. You could also opt to pay a higher excess in the event that an unfortunate event does occur, in order to enjoy lower monthly premiums in the meantime.

Keeping claims to a minimum

By trying to make less claims over the life of your policy, your monthly premiums will remain lower. Because pet insurance policies are reviewed and repriced annually, any claims made in the previous year as well as your pet’s updated health record are factored into the new pricing. If possible, trying to minimise the claims you make will make this evaluation of your policy less expensive and save your money on your premium costs.

Place your pets on the same policy

If you have multiple pets, it is possible that your pet insurance provider might offer discounted premiums for multi-pet cover. This places more than one pet under the same policy and can sometimes be more affordable.

Think about the cover you need

Consider what level of cover you need for your pet based on the relative costs of possible services. For example, the cost of emergency vet treatment for an injury far outweighs the cost of regular vaccinations. You might find that the saving in premiums made by opting for accident and illness cover in worth it for you in the long run.

What types of cheap pet insurance can I choose from?

Firstly, and most importantly, just because your pet insurance policy is cheap doesn’t mean it has to provide you with less value than comparably more expensive policies. Exactly what your cheap pet insurance policy will cover depends on what type of policy you have taken out. The different policy types are as follows:

Accident only

Accident only policies insure your pet in the instance that it accidentally hurts itself or is hurt by another animal or object and are the cheapest range of possible policies. The types of injuries which you can claim for as the result of an accident include broken bones, wounds and necessary surgeries. It is important to note that these policies do not cover your pet for the treatment of any trauma or behavioural difficulties that arise as a result of this incident. For example, if your pet is attacked by a dog and develops an aversion to being near other dogs as a result of this, your policy will not cover behavioural training for your pet. Accident only policies are the cheapest form of pet insurance at an average of $20 per month.

Accident and illness

These policy types carry the same inclusions and exclusions as accident only policies, but coverage also extends to the treatment of health conditions and disease such as joint issues, diabetes, tick paralysis, or any other illness which your pet might encounter. The price of this level of policy is reflective of its increased coverage, but will still be more affordable for you than a comprehensive policy. Elective surgeries to treat non-severe illnesses are not covered by accident and illness policies. You’re likely to pay around $45 per month for accident and illness insurance.

Accident, illness and routine care or ‘comprehensive’ policies

This category of policy is among the most expensive policies and provides the greatest range of coverage for your pet, including reimbursements for routine treatments such as vaccinations and dental cleaning. Some insurers even go so far as to include coverage for unexpected, extraneous costs such as holiday cancellations in the event that your pet falls ill, or liability insurance for damage and harm inflicted upon others’ belonging or pets by your own pet. For comprehensive pet cover, the average premium is $60 per month.

Cover provided by each policy type

Covers Does not cover
Accident only
  • Injuries which are the result of an accident caused by your animal or another and can include broken bones, wounds and necessary surgeries.
  • Behavioral training for trauma developed as a result of an accident.
  • Illness and disease.
  • Routine care.
Accident and illness
  • Injuries which are the result of an accident caused by your animal or another and can include broken bones, wounds and necessary surgeries.
  • Illness and disease such as diabetes, joint issues and tick paralysis.
  • Routine care.
  • Costs related to breeding, behavioral training and grooming.
Accident, illness and routine care
  • Injuries which are the result of an accident caused by your animal or another and can include broken bones, wounds and necessary surgeries.
  • Illness and disease such as diabetes, joint issues and tick paralysis.
  • Routine care such as vaccinations and dental cleaning.
  • Costs related to breeding, behavioural training and grooming.

Explained: how to compare cheap pet insurance

Want to know more about cheap pet insurance?

Which company offers the cheapest pet insurance policy for dogs?

Because the price of pet insurance varies depending on the particular characteristics or your dog, it is not possible to say exactly which insurer will offer you the cheapest service. By using Savvy’s online comparison tools to compare different pet insurance products, you will be able to find the cheapest solution to suit your specific needs.

Where can I find cheap pet insurance for my cat?

As with dogs, the costs of insurance for your cat will vary greatly depending on your cat’s age, the state of its health and the level of cover which you desire. In saying this, cats are generally cheaper to insure than dogs and larger animals such as horses. Because of this, you should have no problem finding affordable policies for your cat using Savvy’s comparison tools to find the cheapest policy that will cater exactly to your requirements.

Is it cheaper to insure all of my pets under the same policy?

You will likely find that your insurer can offer a discounted overall premium if you purchase a group insurance policy for you pets, if you do have several. If you have a senior pet or if one of your pets is an exotic animal, then your insurer might not be able to provide you a discount, but it is worth enquiring.

Which animals and breeds are the most expensive to insure?

Horses are also an animal whose health demands very expensive treatment and will cost more to insure than common household pets such as cats and dogs. Of these household pets, certain breeds, particularly of dogs, can be more costly to insure, including Pugs, Irish Setters, Great Danes and Grey Hounds.

Is cheap pet insurance worth it?

Pet insurance has the potential to be a very worthwhile investment should an accident occur to your pet, or in the event that your pet becomes suddenly ill. Often, pet owners find it beneficial for managing their money when smaller, regular premium payments can be budgeted for on a monthly basis, as opposed to having to weather the sudden burden of large financial outlays in response to an unexpected vet bill. The average cost of treating pets for issues such as tick paralysis ($1,156), cancer ($3,503) or diabetes ($1,952) can easily outweigh the annual cost of pet insurance, which can make it worthwhile for pet owners.


Can I buy a cheap pet insurance policy directly after my pet gets sick or injured?

Technically, there is nothing to stop you from purchasing a policy directly after an injury or sickness occurs, but policies do not cover underlying or pre-existing conditions and also include a waiting period before certain issues can be covered. For example, tick paralysis is commonly excluded from coverage in policies until a 30-day waiting period has elapsed, as this condition often has a slow onset. In general, you should not expect to be able to gain cheaper care for your pet’s new condition by quickly taking out a cheap insurance policy and making a claim.