These days, pet owners allocate more of their disposable income to the needs of their pets. People buy higher quality and higher-end pet food and pet products. Pet’s are spoiled with new toys, new outfits, and luxury grooming appointments. Many pet owners also let their pets accompany them during their world travels. Pet owners will pay a premium to have their dogs walked while they are at work all day, they board the pet in luxury overnight accommodations and ofter will bring their pet to restaurants, breweries, or the beach. Many people do not treat their animals as pets anymore, they are a part of the family.

The Average Cost of Pet Health Care In Today’s Day and Age

With the increase in spending in the pet industry, we have also seen the cost of pet healthcare increase. In the last decade, pet health care has exponentially increased. On average, the cost of care for dogs is up 49% whereas, the cost of care for cats is up 73%, all within the last decade. What you spent in 2011 is not the same as the amount you would spend today.

The average cost of a wellness visit for a dog or cat is $80. That does not include medical lab tests, x-rays, or vaccines. Urgent care visits average $400 for the visit and some testing. Should you have an emergency with your pet, the average cost of the bill is $2,500. Most people in America do not even have enough savings for a minor repair in their car. How can they afford to take care of their pet’s emergency needs without having to take on debilitating debt?

Why Is Pet Insurance Important?

Many people may think to themselves— what does pet insurance cover? Is it even worth it? Will I need it?

No one wants an added monthly expense to put on top of their other current bills but an expense like pet insurance will be worth the investment. With pet insurance, the policy will require a monthly or bi-annual payment, and should anything happen, a deductible will be due at the time of the emergency.

Pet Insurance Premiums

Pet insurance premiums can range in cost. The factors that come into the pricing of the pet policy include the type of breed, the size of the pet, and age of the pet. Pet’s generally have more health issues the older they get so if you are reviewing a premium quote for a pet that is 9 years old, it will be substantially more expensive than a quote for a pet that is 1 year old.

Deductibles For Emergency Health Care

Now, let’s talk deductibles. This is where you will see the most savings. Should your animal have an urgent health emergency or injury, without insurance you will see an unexpected bill at $2,500 or higher, depending on the severity of the health concern. If you have health insurance for your pet, the average deductible amount is $500. With insurance, you can put your mind at ease by not putting yourself into extreme debt to save your animal or make a tough decision to decline healthcare for your pet.

When signing up for pet insurance, it is very important that you read the fine lines of the policy and all of the inclusions. Not all pet insurance will cover every single health issue that may arise. If you have an understanding of potential health concerns that your pet’s breed may see as they age, you will be able to make a better decision by choosing the right pet insurance policy that will meet both your needs and your budget.

Add-On Coverage For Wellness Checks

Some pet insurance companies have add-ons to policies. One example is coverage for wellness checks. Since the cost of wellness checks has risen and pets may need to see the vet for shots, lab work, and anything else non-emergency, this coverage may be a great idea. This will bump up the price of your premium but in the long run, it may end up saving you money overall.

Live A Happy Life With Your Pet

There is something special between the bond a pet owner and the pet have. Through thick and thin, they are there for each other. They take care of one another. Cherish the time you have with your pet. Prolong your pet’s life and happiness by getting it adequate access to the healthcare that it needs.