Why Pet Insurance is Important

For most of us, our pets are part of our family. We want the best for them and having pet insurance is just one of the things we can do to ensure their safety. We can never anticipate what will happen in the future, but we can prevent worst-case scenarios from happening. When our pets get sick, having insurance for your pet can potentially save their lives, especially if you’re living on a budget.

Why You Need Pet Insurance

Just like health insurance, pet insurance also covers the costs of veterinary trips for our pets. Accidents happen. Worse, we can never predict when they will come. If you don’t have any money saved, you might experience a financial crisis when your pet faces an emergency.

Here are a few reasons why you should have your pet insured.

Emergency Treatments

Even if you keep your pet inside your yard at all times and only give them healthy foods, there’s still a risk of having an accident. We all hope that our pets will not undergo such horrible incidents. However, emergency treatment is more common than we think. 1 in 3 pets undergo emergency treatment [https://www.cnbc.com/2019/06/20/most-americans-own-a-pet-but-cant-afford-to-pay-their-medical-bills.html] each year, and the cost can range from $300 to $8,000.

Most pet insurance is created for emergency care for accidents and illnesses. This will help you manage your expenses better in case something happens to your pet. Surgery is perhaps the biggest reason for the expensive treatment during an emergency. However, it’s also one of the most common procedures done during a serious emergency.

Emergency treatments are not only administered to pets that are injured. Sometimes, they might come into contact with something that triggers their allergy. If you haven’t done an allergy test for your pet before, this might be one of the risks that you have to keep in mind. Some dogs and cats are allergic to certain meats such as pork, rabbit, chicken, and lamb. Others might also have allergies to dairy, wheat, and egg.

Aside from emergency treatments for injuries or unexpected illnesses, most pet insurance also covers prescription medications. Your pet needs to take all their medications to ensure a full recovery. You can get pet insurance that covers everything, from the veterinary fees, surgeries, and prescriptions.

Breed-Specific Health Risks

While we love our pets no matter what breed they are, it’s important to understand the health risks that might be more common to certain breeds.

Because of these breed-specific conditions, your pet might have a higher premium cost. But comparing that to the price of the illnesses that are likely to happen, it’s much easier on your budget to have pet insurance ready before the illness even sets in.

Golden retrievers, for example, are prone to multiple types of cancers that need chemotherapy or surgery to be cured. Another example are dog breeds with a flat face, such as Bulldogs, Boston Terriers, and Pugs. Due to the natural shape of their head, they might develop medical conditions that affect their nasal passages.

Aside from diseases, there are also breeds that have a higher likelihood of experiencing injuries. Labradors are known for their energetic and playful nature, which makes them more susceptible to tear on their ACL or anterior cruciate ligament. Pugs are also more likely to develop hip dysplasia which needs a long-term treatment that involves physical therapy and joint supplements.

Preventive Care

Prevention is the best cure. This is also true for our beloved pets. To ensure that they live a long and healthy life, our pets need to have their routine preventive care and annual exams. Pet insurance helps with this by reimbursing the cost of these procedures.

A routine checkup is absolutely necessary for pets. Some illnesses have invisible symptoms in the beginning and will only start to show once it’s on the later stages. A routine checkup from the vet can help ensure that your pet is as healthy as possible. Vets can also recommend dietary changes if necessary.

Pet insurance with wellness add-on also covers costs for routine wellness exams as well as vaccines. You might want to consider this, especially if you really want to ensure your pet’s safety. All of these preventive measures can further help in reducing the likelihood of a serious illness developing.

Annual physical examinations can cost $45 to $55. However, your pet might also need additional tests such as a fecal exam, heartworm test, or geriatric screening. This puts the average vet checkup to around $200 to $400, depending on what pet you have.

Your pet also needs vaccine shots to prevent most common illnesses such as canine distemper, heartworm, kennel cough, and parvovirus from affecting them. On average, one shot costs $15 to $28. You’ll need the first dose when they’re smaller and a second dose after a year. You also need to have booster shots for your pets every 3 years.

What Affects Your Pet’s Insurance?

Just like our health insurance, the premium for our pets can differ based on certain aspects. The most common factors that can affect the cost are:

  • Breed
  • Size
  • Location
  • Age
  • Term and length of insurance policy
  • Plan type

It’s best to contact an insurance company to help you understand the terms better so that you can choose the correct insurance policy for your pet.


To protect our beloved pets, it’s important that we are prepared no matter what happens. You don’t want to be in a position where you don’t have enough money to treat your pet’s emergency. Pet insurance is one of the most helpful tools we can utilize to prevent a financial crisis if something happens to our pets.

An emergency is perhaps the most important reason why you need to have pet insurance. The price of a trip to the vet can have a huge impact on your budget, especially if you don’t have a lot of savings in your bank account. Being prepared and mindful can help your pet enjoy a longer and healthier life with you.