The cost of insuring your pet can be significant, but there are ways to lower your premiums. When searching for affordable pet insurance, consider the following tips:
Insure your pet early on
Insuring your pet from a younger age and maintaining your policy can lead to significant cost savings as your pet ages. When you start insurance coverage early in your pet’s life, you benefit from lower premiums and comprehensive coverage. As your pet grows older and requires greater care, they might be more expensive to insure if you are looking for a new policy.
Consider the coverage
Evaluate the type of pet insurance and what it covers, taking into account your pet’s breed, age, health and lifestyle. Comprehensive pet insurance is the most extensive, but also tends to be the most expensive; if you decide you don’t need all the features offered by a comprehensive plan, accident-only and accident and illness policies can offer a level of protection for your pet at lower cost.
Choose a higher excess or lower annual limit and benefit percentage
Consider a higher excess or opting for a lower annual limit and benefit percentage. A higher excess can lead to lower premiums, while a lower annual limit and benefit percentage can help reduce the overall cost of the policy. However, it’s essential to note that while these choices may reduce your policy’s price, they can also lead to higher out-of-pocket expenses when making claims.
Some insurers offer special deals for customers who bundle multiple policies with them. Consider combining your pet insurance with an existing policy or, if you have multiple pets, some providers offer discounted premiums for multi-pet cover, consolidating them under a single policy for potential savings.
Look for discounts
Keep an eye out for potential discounts offered by insurers. As well as multi-pet discounts, some insurance companies may provide special promotions or incentives for new customers, such as limited-time free coverage or lower premiums for the first year.
Look at different pet insurance options to find the most suitable and cost-effective insurance plan for your pet’s specific needs. With Savvy’s 100% free comparison service, you can compare quotes from trusted insurers in minutes, helping you find a pet insurance deal that works for you.