Studies show that pet insurance is not worth it
I keep reading articles that say pet insurance is not worth it. In the lifetime of the pet, you are more likely to pay more in premiums and copays than if you just pay out-of-pocket. Not to metion that premiums can increase a lot each year as the pet ages.
I'm thinking of getting insurance with a lower premium with a high deductible like $1,000, covering 90%, of expenses with a $20,000+ annual limit to cover major emergencies and serious illnesses.
It's unlikely I will make my deductible each year, so I'll accompany that by getting online vet visits for minor illnesses with dutch .com for $132 annually ($11 per month). Is this a good idea?