@izzythepush,
For me pet insurance would be worth it if an operation was on the order of $30,000.
I've never been confronted with such an operation, but some rich people get their pets organ transplants and things like that. If I had to pay for such an operation to save a pet, I wouldn't be able to do it.
But yes. For treatments that are not extremely expensive, pet insurance probably doesn't save much money. It might even cost more money in the long run if there is never a need for a super-expensive operation.
The pet insurance that I looked at had a yearly $750 deductible and then paid 90% of everything after that. So for a $1000 treatment, it would not make much difference. But a $30,000 treatment would suddenly become somewhat affordable.
I forget the exact price of the insurance premiums, but it was something like $25 a month for each cat. This was for a young cat. I don't know if the price for the insurance would have risen with increasing age, because I never signed on to the plan.
They were pretty clear that I would pay a lot more if I waited until the cats were older before beginning the insurance however.