If you have an old dog, pet insurance can be beneficial, but that doesn’t mean you want to overpay. Here are some ways you can find the best cheap pet insurance for your dog.
Adjust Coverage Levels to Meet Your Budget
When you’re buying a pet insurance policy, you’ll typically have the option to select an annual maximum, deductible and reimbursement level. You can reduce your pet insurance costs by choosing a:
- Lower annual coverage limit. For example, an annual limit of $5,000 is cheaper than unlimited coverage. But make sure you select a coverage amount that is adequate for your senior dog’s needs. If you don’t have enough coverage, you’ll have to pay out of pocket for any vet expenses that exceed your coverage limit.
- Higher deductible. The amount of money you need to pay toward vet bills before your coverage kicks in is the insurance deductible. A higher deductible means your insurer will pay less when you file a pet insurance claim, which results in cheaper pet insurance premiums.
- Lower reimbursement level. The reimbursement amount for problems covered by your policy is the reimbursement level. A lower reimbursement level, such as 70%, means you’ll get less back from your insurer when you file a claim. With a 70% reimbursement level, you’ll pay 30% of the vet bill.
Compare Pet Insurance Quotes
The best way to find a good price on pet insurance for older dogs is to compare pet insurance quotes from multiple insurance companies. Not all insurers price their policies the same way, and benefits within policies also vary.
You can get free pet insurance quotes:
- Online: Most pet insurance companies offer free quotes on their websites. You’ll need to answer a few basic questions about your dog. You can use a pet insurance comparison site to look at quotes from several different insurers at once.
- Email, in-person or phone: You can contact a representative from a pet insurance company or an independent insurance agent who sells pet insurance.
Pet Insurance Discounts
Here are some common pet insurance discounts to look for:
- Annual pay discount. You may be able get a price break if you pay your annual pet insurance bill in one lump sum.
- Group discount at work. Your employer may offer pet insurance as a voluntary benefit, which could land you a 5% to 10% discount.
- Military discount. Some pet insurance companies offer discounts for military members and veterans.
- Multipet discount. You can typically get a discount if you insure more than one pet.
- Spay/neuter discount. Your pet insurance company may offer a discount if your pet is spayed or neutered.
