Post # 1
So, I am considering getting a puppy when I graduate this fall. We have one dog, and he’s been healthy, no vet expenses other than his yearly wellness exam.
But I know things happen unexpectedly with pets, and I know expenses add up when you have multiple pets. So I am wondering about pet insurance. Is it worth the cost, or would I be better off putting the same amount in a savings account each month?
For those of you who have it, what do you like and dislike about it? What company do you use? Do you feel like they cover a fair amount of exams, procedures, etc.?
Help me out here, Bees! 🙂
Post # 3
I don’t have pet insurance. I did consider it, too. Here’s my post on it. It’s a bit old, 2 months ago.
Post # 4
@yrret107- Thanks! I thought I remembered seeing a post about it, but since I couldn’t find anything, I thought I must have imagined it!
Post # 5
For me the insurance is good. It covers her exams/shots (my invoice always says without insurance it would cost around $300 at each 6 month exam) and a yearly teeth cleaning (approx $200). It’s $29/month so it’s cheaper than paying that all out of pocket.
That said, I know that if I didn’t have the insurance she wouldn’t be getting her teeth cleaned and I do elect to get more shots for her because I just get all the ones covered on the plan. So she’s certainly in better health than she would be without insurance.
I think it’s really the peace of mind, my dog hasn’t required anything major yet because she’s still young. They only thing she ever had was a hernia after being spayed which was covered so that was nice.
I take my dog to Banfield Vet (inside Petsmart) so I use their insurance plan Banfield Wellness plan. I have the middle level one. I also get a discount on her monthly heartworm preventative.
Post # 6
I don’t have pet insurance, but instead, I put aside $30 a month in a little “pet emergency savings account.” Now, my doctor visits are not as expensive (around $150, once a year–which includes all needed vaccinnations) and we brush our dog’s teeth. We also order all medication online, so it’s cheaper. The first year for a puppy is more expensive (more shots, more checkups, neutering, etc) so we considered getting insurance just for the first year, but we decided not to since we’re not so good at cancelling automatic charges (we’re lazy)!
I would suspect that Banfield charges more than the average vet, but I’m not certain. I live in an expensive area, and I know that many people on yelp complain that my vet is expensive.
Post # 7
We actually have two kinds of pet insurance. One (through Banfield) is not really insurance, but more of a payment plan for routine health care expenses. Essentially, in exchange for a particular amount per month, our dog gets all her routine health care. It’s a bit of a discount over paying for all the individual stuff separately, plus it assists in budgeting.
The second, and much more critical, type of insurance is for accidents and illnesses. Unfortunately, it is impossible to budget for those, because you never know if or when they will occur. And I certainly didn’t want to get to the point that we had to have our dog put down just because we didn’t have enough money to treat her.
We get the illness and accident coverage through Pet’s Best insurance. That was the only company I could find which pays 80% of what the actual charges are, rather than paying on a fixed fee basis. (Since I don’t know what particular illnesses or accidents are likely to cost, I didn’t feel like I could even judge whether a policy that covered a particular dollar amount would provide adequate coverage.) We were very glad to have that policy when our dog got pancreatitis. They really did pay quite quickly, and without us having to do very much.
Post # 8
I have pet insurance and I am so happy that I do. My youngest dog had to have a double luxating patella surgery that would have cost me over 3k. My pet insurance is PetPlan.
Post # 9
Hmmm… I never looked into Bainfield Vet. I should look into that one.
Post # 10
We had our cats on the banfield care plan and we do not like banfield anymore. The vets working there were very inconsiderate and did not show any sympathy when we had to put one of our pets down. They didn’t even tell us all of our options. The plan didn’t cover that much either. We still ended up paying a lot for any procedures. Plus, you can just bring your pet into Banfield during one of their vaccine clinic times and the visit will be free, so you essentially don’t need to pay for their plan that gives your pet free visits.
I am against banfield. Just look up reviews on google, they are not that great.