Do You Need To Insure Your New Pet? | will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be Scamsmart.

ARCHIVED ARTICLE This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Derin Clark

Derin Clark

Online Reporter
Published: 30/12/2020

Constant lockdowns this year have meant that there has been a significant increase in the number of people acquiring a pet for the first time and, although a new pet can be an exciting addition to the family, it is also a long-term financial commitment. One way some pet owners may try and reduce the financial cost of owning a pet is by skipping taking out pet insurance but, although pet insurance is not a legal requirement, not taking out pet insurance could end up costing owners more in the long run.

Here we take a look at the benefits of getting a new pet insured and how to find the best pet insurance policy.

The benefits of getting a pet insured

The obvious benefit of getting pet insurance is that vet bills and treatments will be covered should the pet fall ill or have an accident.

Although what a pet insurance policy specifically covers will depend on the type of insurance taken out, the majority will cover a significant amount of the cost of treating a pet with an illness. This is particularly important for owners with an older pet, for example one that has been inherited or rescued from a shelter, as it can save money in treatments and vet visits. You will need to make sure you check whether any existing conditions the pet suffers from are covered by the policy.

Meanwhile, although a kitten or puppy will likely be in good health, they can easily get injured through an accident, especially if the owner lives in an area close to busy roads, which can cost thousands of pounds on surgery and care.

Another advantage of getting pet insurance for a new pet is that it may cover the cost of finding pets that have gone missing. Some insurance policies will cover the cost of advertising the lost or stolen pet, some even covering reward money offered. In addition to this, often pet insurance providers will also cover the cost of the initial amount paid for the pet if it is not found within a specific period of time.

How to choose the best pet insurance policy

What is covered in the pet insurance policy will depend on which provider it is taken out with and the type of policy. As such, it is important to thoroughly research the different pet insurance companies available and what they offer to ensure that the right policy is chosen for the pet.

At, we have made it easier for pet owners to narrow down their search for the right pet insurance policy by awarding four and five-star ratings to the best pet insurance companies. When deciding on which companies to award star ratings to, our team of experts look at a wide variety of factors to determine which offer the best in terms of features and benefits from the policy. To see which pet insurance companies have been awarded a four or five-star rating, visit our pet insurance page.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

Cookies will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy