Is Pet Insurance Worth it?

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Is Pet Insurance Worth it?

Healthcare foranimals canbeexpensive

Raising a pet can be a joyous experience due to their loyal, unpredictable nature but care can quickly become expensive. After all, pets are family and it can emotionally and financial stressful when veterinary expenses begin to stack up. Pet Insurance can help with not only the unplanned accidents and illness, but also things like routine care that help keep your pet healthy.

Facts that matter

  • $800 – $1,500
    Average cost of an emergency vet visit for a dog2
  • 1 in 3
    Pets need emergency veterinary treatment every year3

Pet Insurance vs. A Savings Account:

While it is true that you could get a savings account to help cover vet expenses, that doesn’t replace the need for pet insurance. In fact, it’s a great idea to have both.

  • Saving Money Takes Time.
    Accumulating savings doesn’t happen overnight, it takes time to get enough saved up to help cover costs when an unexpected expense, like a vet bill. Pet Insurance, on the other hand, is ready and waiting when you and your pet needs it.
  • Savings Accounts Can Get Used for Other Things.
    Life happens and unexpected expenses, unrelated to pets, often pop up. So, if you have savings that you plan to use for your pet’s needs, but your faucet springs a leak or your car has a breakdown, you may have to use that money for those needs and not have it when you need it the next time for your pet.
  • Savings accounts may not have enough to cover expenses
    No one likes to think about their pet getting sick or injured, but it can and does happen. Sometimes your pet has an unlucky year and is sick several times. Pet insurance can help protect your savings and ensure that you can afford to get your pet the care they need when they need it.
  • Savings Accounts Can Be a Compliment to Pet Insurance.
    The way our insurance works, you pay vet bill and then submit claims for reimbursement. You can use the funds in your savings account to pay the vet bills, and then replenish the account with the claim reimbursement you receive. This way your wallet and your furry family members are protected.

Will my Pet Insurance Premiums Go up Because I have a Claim?
No! This is one of the best things about MetLife Pet Insurance1 for pet parents. Each pet's premium will be unique based on the species, breed, age,5 and ZIP code, as well as the coverage amount selected.4 You can have a year with a large claim, or several small claims and can still rest assured your premium won’t be impacted by that. Just one more reason that pet insurance is worth it!

Isn’t Pet Insurance Only Really for Catastrophic Events or Illnesses?
While no one wants to think about their pet being sick or getting injured, it does happen. And when it happens, pet insurance is there to help whether it’s something big like cancer or a broken bone or something more common like an ear infection or a hurt paw. It can also help cover the costs of preventative care, which benefits most pet parents. Pet Insurance can help cover expenses up to 100%, depending on the plan you select.

If you’ve been impacted by a large vet bill, you already know that pet insurance is definitely worth it. But you don’t wait to have a big bill before getting your furry family member covered. With MetLife Pet Insurance pet parents have the power of choice and coverage can be customized to best meet pet parents’ and their pets’ needs.

What are you looking for?

Resources if you are purchasing a pet plan on your own.

Resources for individual policyholders, employees, and members who receive coverage through their employer.

  • I want to get a quote and find out how much a policy may cost
  • I have an existing plan and want to file a claim

1 Pet Insurance offered by MetLife Pet Insurance Solutions LLC is underwritten by Independence American Insurance Company (“IAIC”), a Delaware insurance company, headquartered at 485 Madison Avenue, NY, NY 10022, and Metropolitan General Insurance Company (“MetGen”), a Rhode Island insurance company, headquartered at 700 Quaker Lane, Warwick, RI 02886, in those states where MetGen’s policies are available. MetLife Pet Insurance Solutions LLC is the policy administrator authorized by IAIC and MetGen to offer and administer pet insurance policies. MetLife Pet Insurance Solutions LLC was previously known as PetFirst Healthcare, LLC and in some states continues to operate under that name pending approval of its application for a name change. The entity may operate under an alternate, assumed, and/or fictitious name in certain jurisdictions as approved, including MetLife Pet Insurance Services LLC (New York and Minnesota), MetLife Pet Insurance Solutions Agency LLC (Illinois), and such other alternate, assumed, or fictitious names approved by certain jurisdictions.

Rover “The Cost of Owning a Dog”, 2020.

3 American Pet Products Association “National Pet Owners Survey”, 2017-2018.

4 For IAIC underwritten policies only, premium will also be based upon the pet’s gender. 

5 IAIC policies have gendered rates.