Is pet insurance worth it? Compare results and prices online

As a pet parent, pet owner, it’s important to make sure you’re able to care for your cat or dog whenever they need medical attention. With all the costs that can arise, it is wise to protect your pet and your savings account by purchasing a pet insurance policy.

But of course, there are plenty of pet insurance to choose from. So how can you make the most informed decision about whether it’s worth having a policy for your pet and which plan offers you the most value?

Identify the perfect option for your furry loved one by comparing rates and results online to stay within your budget.

Get free pet insurance quotes online

All pet insurance quotes are free. Therefore, any company pushing you to make a purchase before providing you with a pet insurance quote should already be a red flag. Go straight to a reputable pet insurance company.

Online pet insurance quotes, such as those offered by Pumpkin, make it easy for you by asking you to answer a series of simple questions about your cat or dog. You’ll also get the added benefits of no upper age limit for new pet registrations or any reduced coverage issues for aging dogs or cats.

There are no costly insurance surcharges for important coverage benefits, such as behavioral issues, dental conditions, and health visit examination fees. You won’t have to worry about annual wellness exams, dental exams or vaccination requirements for specific conditions to be covered or the deductible per condition required each time your pet experiences a new illness or disease. new crash.

Plus, you won’t face extended 6-month or 1-year waiting periods for knee injuries or hip dysplasia, lower reimbursement rate options for aging pets and certain breeds (any the world enjoys a 90% reimbursement rate on covered vet costs), or any sort of annual limit options with no indication of what your pet needs.

Factors That Affect Pet Insurance Quotes

The cost of pet insurance quotes will depend on the insurance plan you choose and the particular details that apply to your pet. Key factors that pet insurance companies consider when pricing a policy include:

Your pet’s age

As a general rule, the younger your pet is at the start of their coverage, the lower their premium will be, as they tend to have more health issues as they get older.


Since there are generally fewer claims filed for female pets than for male pets, some insurers charge more for male cats or dogs.

Policy Details

The rate you will be charged for your policy also depends on the maximum annual cover, the amount of the deductible, the type of policy and the reimbursement percentage.

Type and breed of your pet

Certain breeds of pets, especially dogs, are more susceptible to particular health conditions, which will affect pet insurance quotes.

Where you live

Veterinary costs vary by location and therefore your geographic area is considered, with urban areas generally getting higher pet insurance quotes.


With annual deductible plans, the insurer begins to reimburse veterinary expenses after you have paid the annual deductible amount for veterinary expenses.

With per-incident deductible plans, you must pay a new deductible price for each pet insurance claim, leaving you with a greater financial burden. This is why plans with an annual deductible typically cost 4% to 6% more than a per-incident plan.

Refund percentage

Reimbursement percentages are the portion of medical expenses that the pet insurance company will cover once the deductible has been paid. Thus, the higher your reimbursement percentage, the less you will have to bear the medical costs of your animal.

This is why it is important to know the main medical coverages included in your policy and those for which you will be responsible.


These fees are the annual or monthly payments to keep your coverage current. Before you’re tempted to grab the lowest possible pet insurance quote, remember that it’s tempting; this usually means your policy won’t cover as much.

The average pet accident and sickness insurance plans for dogs tend to have a premium of around $48.78. Sometimes you can save money by paying for a full year instead of the monthly installment fee.


Some pet insurers have annual coverage caps limited to the amount they will cover, while others offer unlimited annual coverage.

Waiting times

Pet insurance policies have waiting periods that occur before coverage can kick in, with some conditions having longer waiting periods than others.

Pet Insurance Value

When it comes to the common question of, is pet insurance worth it, the answer is definitely “yes”. Over the lifetime of a pet, you can expect to pay $13,350 for veterinary care for cats and $16,600 for veterinary care for dogs.

For example, with Pumpkin pet insurance plans reimbursing 90% of covered vet bills, that’s $2,700 of coverage if the vet bill was $3,000.

Common Types of Pet Insurance

The quote you receive for pet insurance policies greatly depends on the type of pet insurance plan you choose.

Accident and sickness plan

Accident and sickness plans provide coverage for health and medical conditions and hereditary and congenital issues. These joint plans vary depending on which company you go with, but generally include coverage for:

  • allergies
  • broken bones
  • Cancer
  • CT scans or MRI
  • Diabetes
  • Digestive problems
  • Emergency care
  • Hip dysplasia
  • Hospitalization
  • Ingestion of foreign objects
  • Laboratory tests
  • Prescription drugs
  • ultrasound
  • Urinary tract infections
  • X-rays

Accident plan only

Accident insurance plans strictly cover injuries resulting from an accident, including issues such as ingesting toxins or being bitten. These plans are created to cover emergencies only and exclude illness or other conditions.

Wellness package

Insurers tend to allow you to add wellness or routine care coverage to a pet insurance plan for things like vaccinations, routine wellness checkups, and cleanings. dental, and are generally not stand-alone policies.

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