Is pet insurance worth the price? Not really, according to Consumer Reports. Their findings suggest that pet owners may save some money if they run into major health issues, but for the average pet, most vet visits will be for minor issues, many not covered by the insurance.
While living in the UK, we used Pet Plan, the only pet insurance company that covered rabbits. Our monthly premium was approximately 10.00 GBP per month, per rabbit (we had four rabbits). But over a couple of years we found that for every vet visit, we also had to meet a separate deductible (per health ‘incident’, and per rabbit), and pay an administrative fee for our vet to process our claims forms. In the end, we decided we weren’t really saving any money and canceled our policy altogether.
However, other households have benefited from having pet insurance coverage. Vet bills can add up quickly when you have multiple pets, disabled rabbits, or pets with chronic illnesses. But be sure to read the fine print before signing up for any policy, and be clear about what is and isn’t covered.
In the USA, Veterinary Pet Insurance (VPI) is the only company currently issuing policies to rabbits under their “Avian & Exotic” plan. The premium is about $10 per month (less if you register multiple pets), and includes lab fees, treatments, prescriptions, x-rays, surgery, hospitalization, emergency care, and even cancer treatment. You can continue to use the rabbit-savvy veterinarian of your choice, too.
Read the entire Consumer Reports article here, consider your own situation, and decide for yourself if pet insurance is worth the cost for your household.