Money saving

Save money on pet insurance

Posted 09 July 2016

Find out which debt solution is right for you

Get started

Answer a few simple questions

See if you are suitable

Understand your next steps

Read our top tips for saving money on your pet insurance.

If you’ve got a pet – or you’re thinking of getting a pet, insurance is definitely a good idea. Even with all the care in the world, pets can still get sick or have accidents and vet’s bills can sometimes run into thousands of pounds. If the unexpected happened, would you have enough money to cover the bill? 

If the thought of finding money to cover an insurance premium each month is worrying, there might be ways that you can at least minimise the cost. Let’s have a look at a few ways to save money on pet insurance. 

find my solution


Compare what’s out there

Most people are used to comparing deals for holidays and car insurance, but you should make sure you don’t forget to do the same with your pet insurance. You can find deals on Moneysupermarket or Compare the market. 


Before you take any kind of policy out, it’s important to note down what you really need from the insurance and to read the details of what you’re getting very carefully. For example, most pet insurance usually covers things like broken bones, or other injuries from accidents as well as illnesses like cancer, bone diseases and arthritis. But not all policies will cover things like routine injections, and any damage your pet does to your home. 


If you’ve more than one animal, don’t forget to check the price for multiple pet’s policies. You can sometimes make a saving by insuring two pets at once, rather than having an individual policy for each pet. 


Shop around when it’s times to renew

If you already have pet insurance make sure that you shop around for the best deal rather than simply sticking with the insurer you have. There might be cheaper deals available with someone else.


While you should shop around bear in mind that your new insurer might not cover your pet for an illness they have already been treated for. So if you’ve already claimed on your current insurance for a particular illness, and there’s a chance it could recur, watch out for this. 


Think about the excess

As with any kind of insurance, the higher your excess the lower your insurance premiums. The excess is the amount you’re willing to pay should something happen to your pet before your insurance steps in to cover the rest of the bill.


Just make sure this is set to a reasonable amount that you wouldn’t mind paying should something happen to your pet. You don’t want to find yourself struggling to afford the excess should something happen. 


Also make sure you read the terms and conditions of any policy carefully. Some insurers will charge you a share of the claim on top of the excess if your pet is over a certain age. 


You might be able to get help?

Do you receive means-tested support for your council tax or housing benefits? If you do, you might be eligible for help with vet’s bills.


The People’s Dispensary for Sick Animals (PDSA) pay the vet’s bills in some cases, as long as you are eligible. By clicking on the link you can find out whether you live in one of their catchment areas. If you don’t, you might still be able to get help, you’ll just need to apply for PDSA support through their treatment fund. 


You don’t need to wait until your pet is ill or has been injured, you can apply for help straight away and prepare ahead of time. 


It’s ok to haggle

Some people can feel a little uncomfortable haggling, but if you go about it the right way and at the right time, you can find yourself saving money on all sorts of things. 

Pet insurance is an area where it’s ok to haggle a bit so see whether the insurer is willing to knock something off the quote.  


If your policy is up for renewal why not see if anything cheaper available and then see whether your existing provider is willing to come down on their price? It’s ok to have a price in mind before you contact the insurer and see who, if anybody, is willing to come down to your price. 


Not confident with the idea of haggling? Why not have a look at haggling for your breakdown cover for some ideas on how to go about it. 


Don’t forget cashback sites

Cashback sites like Topcashback and Quidco, offer you cash if you sign up for a deal through their site. 

Sites like these work because they provide traffic and sales for the retailers. They then provide cashback to you after you’ve made your purchase. Why not have a look round and see whether buying your insurance through one of these sites could bag you a saving. 

Some of these sites charge an annual fee or a percentage of the cashback you earn, so as always, make sure you know what you’re signing up for.


Should I save instead?

Some people prefer the idea of simply saving up towards the cost of poorly pets - but be warned - this option does come with added risk. 

It’s true that by saving you can decide how much money to put away each month and your money will be earning interest. But, what would you do if your pet had an accident before you’d had the chance to save up enough money? You might still end up having to choose between borrowing to pay the bill, or putting a beloved pet down. 

If you haven’t got your pet yet starting to save now might make things a little more secure, but always bear in mind that you’re taking more of a risk if you decide to save rather than get insurance. 


You also need to consider what you would do if your pet caused damage to someone else’s property or caused an accident. You might not have enough in your savings to cover you for public liability. (If you own a cat you don’t need to worry about being covered for this as they are considered to be ‘free spirits’ by the law).


Pets can provide us with lots of joy and companionship, so it’s important we take the very best care of them. Getting insurance is a big part of this and all you need to do is follow our tips to make sure you get the best deal going. For lots more money saving tips, check out the rest of the blog. 




by Christine Walsh

Back to blog home

Did you find this useful? Share it with others!

To find out more about managing your money and getting free debt advice, visit Money Advice Service, an independent service set up to help people manage their money.