Compare Pet Insurance - How to Negotiate the Best Rate for Pet Insurance
Do an insurance comparison with a variety of companies. With this unstable economy, you may not think you can afford insurance for your pet. However, if your pet is relatively healthy and requires little veterinary care, you can get a low premium. Also, many insurance companies allow you to customize your insurance plan based on your needs and budget, so can negotiate and get the best pet insurance possible. Here are some tips on how to save money without sacrificing insurance coverage:
- Have all information ready. Be prepared to give the insurance company pertinent information about your pet, such as breed, age, medical history, and past veterinary bills. These will help the insurance agent determine how much of a risk your pet is. If your pet is young and healthy, and has vet bills to prove this, you can use these to negotiate a lower premium with the insurer.
- Understand the product and any terms. Be sure you fully understand what is covered by your policy. When veterinary expenses occur, save all documentation and submit copies immediately. If a claim is denied, be sure to follow up with the insurance company as soon as possible and determine why the claim was denied and what you could do in the future to make sure it is covered.
- Get quotes from more than one company. Many insurance companies will match other companies' prices to win your patronage. Don't just use the first company you find. Find several companies you like and ask them if they can match another's price or work with your budget to get the best pet insurance.
- Hidden fees and costs. Insurance plans should not have any hidden fees or costs. Everything should be explained up front and in writing. Ask your insurance company exactly what you will be paying as a premium, what your deductible will be, and what percentage will be covered. That way, you won't be shocked when you get your reimbursement check and it's not quite as much as you expected.
- Get referrals. Ask friends, family, pet stores, and your vet who they recommend for pet insurance. If you mention to the insurance agent that you were recommended to them by a satisfied customer, then they may give you a discount on your premium or add on additional coverage for free.
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