Self-insurance is a method some people may use instead of taking out a policy with an insurance provider. It involves regularly setting money aside (for example, into a savings account) to cover potential vet costs.
While self-insuring is always an option, it does carry all the risk. If you're still not sure if pet insurance is the right option for you, we've written an article outlining some of the factors that you might find useful to consider when it comes to your pet's needs.