Cheapest Pet Insurance

To keep the costs low some insurers even restrict the maximum amount that can be claimed each year in total. It may also be a good idea to purchase a policy which provides the core benefits as a standard and offers additional benefits such overseas pet travel cover or holiday cancellation benefits as optional extras. Why pay for something you’re unlikely to use?

Annual Pet Insurance
	Insurer	Policy Name	Max Vet Fees	Claim Basis	Annual Policy	Online Discount	Multi Pet Discount	More Info
		Essential	£4000	Per Condition		20%	15%
		Standard	£2500	Per Condition		35%	5%
		Accident & illness	£3000	Per Condition		10%	15%
		NA	£3000	Per Condition		15%

You may want to search for the cheapest form of pet insurance but be aware that cheap doesn’t always mean the best for you and your pet.  Keeping the costs down may be a priority but choosing a policy solely for the reason of being ‘cheap’ could actually end up costing you more in the long term.

There are a vast array of pet insurance products out there which can make it difficult to choose the right one for you.  They all have exclusions, terms and conditions and discounts so how do you know which one is best for you?

Basically, pet insurance can be broken down into three types:

1. Annual Cover
2. Per Condition Cover
3. Life Time Cover

Annual Cover is the cheapest in terms of the monthly/annual premium but the trade off is that it is also the least flexible out of the three options.  It restricts cover for an individual condition to a monetary limit for 12 months and so is handy for those unexpected illnesses or for ‘one-off’ treatments such as surgery or short-term care. 

Your pet will not be covered for that condition once you reach the monetary limit or 12 months from onset of condition. Some insurers may also restrict the total amount you can claim in the policy year.

Per condition pet insurance policies are essentially the same but do not place any time limit allowing you to claim for the condition as long as it takes to reach to the monetary limit.

Life Time cover is the most expensive but it does cover your pet for ongoing illnesses year on year which is a huge saving in terms of veterinary treatment.