Is Horse Insurance Worth It?

You just spent around the average $3,000 on a horse, and now people are telling you about horse insurance. Sure, a horse is a big investment, but you may be wondering if taking out an insurance policy is really necessary. The simple answer is yes. Even if you choose not to train and transport your horse for shows, costs can still be significant. With the low end of just boarding being over $4,000 and the high end being over $9,000, it is smart to think about how you might cover unexpected costs. 

The Average Cost of Horse Medical Insurance

When it comes to horse insurance, you have a lot of options. Whether you need protection against unexpected medical bills, mortality losses or natural disasters, there are many policies you can choose from. If you need medical insurance for your horse, major-medical insurance tends to run somewhere between $175 and $300 annually. Costs can be higher or lower depending on which options and insurance types you select. Different companies can have different costs. Make sure to ask any questions you may have when you call for a horse insurance quote.

The Average Cost of Horse Medical Bills

Horse medical costs are not cheap. For basic dental work and vaccines alone, you can expect to pay around $400 to $600 a year. For major health problems like a large colon displacement, costs can skyrocket to over $6,000! Regardless of your financial situation, these numbers are not small. If money is tight, these kinds of costs can be unbearable.

Looking at the numbers, it is easy to see why so many horse owners think horse insurance is a worthy investment. At the end of the day, a few hundred dollars a year could end up saving you thousands. In other words, the math says, yes, horse insurance is definitely worth it.

Leave a Reply

Your email address will not be published.