Black Friday week is in full swing, but if you're looking for deals on pet insurance you might be left empty-handed.
We couldn't find any Black Friday pet insurance discounts but many insurers offer discounts for new customers, especially if they buy online.
But before you go for pet insurance with an introductory discount, you might want to consider a few things.
If you have more than one pet, a multi-pet policy might be worth considering. Multi-pet discounts are different from introductory discounts as they often apply every year you insure more than one pet.
Bought By Many has the biggest multi-pet insurance discount in the UK - you'll get 15% off your cover every year you insure two or more pets on the same policy.
Many introductory discounts are only applied in the first policy year; so, consider whether you'd be able to afford your premiums without the discount.
When your policy renews, your premiums may increase and in the second year it's unlikely to include the discount so the jump in price may feel significant.
Premiums often change each year due to several factors and some insurers apply an increase for customers who've claimed on their insurance the previous year.
Some pet owners may feel trapped with the new price or considering switching to find cheaper cover. As you'll see, switching can be difficult if you've made a claim and leave you without cover for a condition.
At Bought By Many we want owners to have a better experience throughout their time with us so we don't offer introductory discounts or take into account claims when we look at your individual price. Read about our approach to renewals here.
When shopping for pet insurance, it is best to think long term. If your premiums go up beyond what you can afford the joy of the bargain may be short-lived.
So what if you can't afford your new premiums?
You could switch insurance, but switching can be difficult with pet insurance.
Any conditions you claimed for will now be considered pre-existing by other insurers and won’t be covered. Which means you'll be left with two options – staying with your current provider and paying the higher premiums or switching insurers and covering pre-existing conditions out of pocket.
At Bought By Many, we can cover conditions that ended at least two years ago and we have a policy that can cover more recent conditions.
If you get a time-limited or per-condition policy, you will have a limit per illness. Any condition that you claim for in the first year will no longer be covered when you reach the policy's limits. Therefore, you might end up paying more for a policy that does not pay for all of your vet fees.
If you get a lifetime policy, your vet fee limit will renew to the fullest each policy year. Conditions you’ve claimed for will continue to be covered.
However, lifetime policies often cost more than time-limited or per-condition policies and premiums may increase each year.
What about multi-pet insurance discounts?
Multi-pet insurance discounts should apply each year you insure more than one pet with the same provider and do not impact premiums.
Have more than one pet? Check out our list of the best multi-pet insurance discounts. Happy hunting!