They don't have the puppy yet.Asking those kind of questions after someone's already gotten the puppy is useless and also mean-spirited. People make mistakes, or have different priorities than you do. Stop trying to ruin other people's puppies for them.
I am assuming your estimating savings of $10k by not paying insurance premiums is because you have multiple dogs at a time? That definitely changes the math.They don't have the puppy yet.
Anyway, I was going to say that, for me, not having insurance has saved us probably $10,000 so far. The most we've ever had to pay was $800 for an x-ray for one of our dogs. I'm in the 'I'd rather save the money to use in the unlikelyhood that something actually happens' camp. But with a puppy with no health history, I'm not sure.
Well, I was mostly talking about my almost 15yo dog, that we got at 8 weeks. Remember that insurance cost goes up as the dog gets older too. Consumer Report did a study and found that it was actually cheaper not to have insurance most of the time, even if your pet requires an expensive surgery (except Healthy Paws, where people saved $1000 after 12 years - again, that's because they actually decided to treat their 12yo dog for cancer, while I wouldn't put my dog through at that age in the first place). But anyway, premiums alone were $6000 and the dog wasn't even 12yo yet (and that's with Healthy Paws, others are worse).I am assuming your estimating savings of $10k by not paying insurance premiums is because you have multiple dogs at a time? That definitely changes the math.
Since a savings account could be used to pay for any of ones' dogs medical needs, its almost like a mini-insurance pool itself. Spreading the risk by effectively paying yourself the premium amount each month but not being limited on drawing it out.
One dog is a bit hard to calculate what is financially better. I figure that depending on breed and plan chosen, it probably starts at about $25/month for a puppy. So for say, $1000-1200, one could insure a dog for his first three years of life. That gets you past the puppy disease risk stage (in a high parvo area I think everyone should insure) and up to the age where things like hip dysplasia can be tested for. If the dog tests clean of everything testable and has not shown a tendancy towards high risk behaviors like inappropriate eating stuff, then the math probably leans towards self insuring by saving. But if a dog has a lifetime condition by that age, it will be covered as it is not pre existing (read the fine print of course) and keeping insurance makes more sense