Medical bills for your furry friend can skyrocket, especially as your pet gets older. Like your own medical expenses, it can be difficult to keep up with paying down balances as those bills stack up.
Most routine veterinary check-ups cost between $50 and $250, but emergency surgery can cost you upwards of $5,000. When you’re trying to make ends meet but want to give your pet a fighting chance, it can be hard to put a figure on doing what’s right.
With pet insurance, your policy can help you in covering vet visit expenses so you can stress less and enjoy time with your pet instead. However, the best pet insurance companies make it easy to know what’s covered as part of your benefits.
If you’re curious to know more about the best pet insurance companies out there, you’re not alone. We’ll give you insight into the various companies you can choose from, and which services they offer that can help you the most.
Ready to find out more about the best pet insurance companies? Let’s get started!
Why Buy Pet Insurance
Buying any type of insurance is all about money management and finding out a way to reduce healthcare costs. Though paying monthly premiums can be a drag, one of the best ways to save money is to take out an insurance policy.
Pet insurance policies are no exception. Coverage typically includes injuries and accidents, as well as hereditary and congenital conditions.
Most pet insurance policies can be compared based on reimbursement percentages. The best policies reimburse you above 70% and may even give you the option to pay the vet directly instead of waiting for a reimbursement payment.
Pet insurance companies vary in benefits and add-ons as well. There is a deductible you’ll have to pay before the coverage begins, but some policies come with unlimited coverage.
The cost of your particular pet insurance policy also depends on your pet’s characteristics, from age and gender to where you’re located. A puppy located in San Francisco will not cost as much as an older dog in New York.
Types of Pet Insurance Coverage
As you compare insurance policies across carriers, you’ll find there are a few common coverage types:
- Comprehensive: As the name suggests, comprehensive covers everything from the tips of their ears and nose to the last hair on their tail. This type of coverage includes wellness visits, accidents, illnesses, and more.
- Accident and Illness: This policy includes vaccinations and flea and heartworm prevention. Add a wellness plan to cover routine visits.
- Accident-only: This one is self-explanatory, as it doesn’t include wellness visits or anything other than accidents.
- Wellness: Sometimes these policies are a standalone offering, while other times they are included or can be added on. This coverage pays a percentage of wellness visits for your pet.
Each pet insurance carrier will offer a mix of coverage for their separate policies. Sometimes the choice is as easy as going with the single carrier that matches your needs.
15 Best Pet Insurance Companies
If you want to find a way to spend less money on vet bills, a pet insurance company can help. Check out our list of the best pet insurance companies to find a way to protect your furry friend.
1. Lemonade Pet Insurance – Our Pick
Lemonade lets you choose coverage beginning at $5,000 and capping out at $100,000. Depending on which policy you choose, you’ll get 70%, 80%, or 90% of your expenses reimbursed once you meet your deductible.
Deductibles start at $100, but you can also choose $250 and $500 if you’d like. Lemonade offers competitive rates across the board, especially if you just adopted a new puppy or kitten.
While Lemonade’s pet insurance policy doesn’t include a wellness plan, you can add it as an option. Accident coverage comes with a two-day waiting period, which is fairly short for the industry.
Lemonade doesn’t offer telehealth sessions or coverage for behavioral or alternative therapies, microchipping, or prescription food. Check to see if Lemonade is available in your state to start coverage today.
Lemonade is a pet insurance provider that offers competitive rates for those seeking affordable coverage. It's a great option for those looking for low monthly costs. In fact, among the companies we analyzed, Lemonade has the lowest pet insurance rates for puppies and kittens. However, it's important to note that some features may be missing, such as a 24/7 vet helpline. Additionally, coverage for vet visit fees is only available as an add-on.
2. Pets Best
If you want your deductible to start at $50, check out Pets Best. This insurance company offers coverage of anywhere from $5,000 to unlimited coverage, with plenty of deductibles and reimbursement features to choose from.
In addition, you can also have Pets Best pay your vet directly if they agree. You can also get a multi-pet discount of 5% per additional pet.
Pets Best offers routine wellness plans for an additional cost. This insurance carrier doesn’t cover alternative therapies or pre-existing conditions and there is a six-month waiting period for ligament issues.
Pets Best offers coverage for both accidents and illnesses, and also provides the option to add coverage for preventative care. Their policies come with reimbursement rates ranging from 70% to 90%, as well as annual coverage limits. Additionally, Pets Best has a shorter than average waiting period for accidents, but a comparatively longer waiting period for cruciate ligament coverage when compared to other companies we've reviewed.
3. Fetch Pet Insurance
If you’re an AARP member, active in the military, a veteran, or an employee, Fetch Pet Insurance offers you discounts on your pet insurance. You can also catch a break if you adopt a shelter or rescue pet.
Fetch offers several policies that cover accidents and illnesses, in addition to physical and behavioral therapy. However, Fetch doesn’t offer wellness coverage for annual visits.
If you want to renew your Fetch pet insurance, you’ll need to visit your vet on an annual basis. While this can seem backwards if they don’t cover wellness visits, most annual visits are often within budget.
If you want to know how to save money on car insurance and pet insurance as well, Nationwide is at your side. This company offers policies for birds, small mammals, and reptiles as well.
If you have home and car insurance through Nationwide, you can qualify for discounts on your pet insurance policy. There are several types of plans to choose from, with the option to cover some existing conditions.
Nationwide is one of the more expensive companies to insure with, especially as it caps out enrollment at the age of 10. In addition, you’ll have to purchase a separate policy for wellness coverage.
Figo is one of many pet insurance companies to offer unlimited coverage and up to 100% reimbursement. Deductibles start at $100 and there is a one-day waiting period for accident coverage.
Routine wellness plans are an extra fee with Figo. However, you have 24/7 telehealth access at your fingertips and Figo processes most claims in less than three days.
With Figo Pet Cloud, you can connect with other pet owners and get help identifying pet-friendly places. Figo will also let you cover prescription food costs if you purchase the Vet Exam Fees for Accident and Illness Visits add-on.
6. ASPCA Pet Health Insurance
The ASPCA is not affiliated with this health insurance company, which licenses its name only. With ASPCA Pet Health Insurance, you can choose a Complete Coverage and Accident Only policy to work against annual coverage limits, rather than per-incident.
Multiple pets earn you a 10% discount with ASPCA Pet Health Insurance. This insurance company also covers horses, hydrotherapy, and rehabilitation.
ASPCA also includes microchipping and prescription food. Claims can take up to 30 days to process but often move quickly.
Wagmo offers three wellness plans varying from $20 to $59 per month. This coverage pays for vaccines, fecal tests, routine office visits, and routine blood work.
While there is an unlimited payout option you can choose from and reimbursements come either in the form of a direct deposit or Venmo or PayPal transfer. You’ll get a 5% discount if you insure more than one pet.
If your pet is older than 15, they are only eligible for wellness plans. Wagmo does not cover international travel, breeding fees, or cosmetic procedures.
Switch to ManyPets from another pet insurance company and you could reduce the waiting period for accident and illness coverage from 15 days to 24 hours. ManyPets coverage is available in over 40 states and offers competitive pricing.
Get up to 90% of your vet bills reimbursed with ManyPets, with deductibles starting at $100. You can also opt for unlimited coverage.
ManyPets doesn’t offer telehealth support or coverage for most therapies. You’ll also have to purchase a separate wellness plan if you want the option.
If you’re looking for pet insurance with no age restrictions, Odie should be at the top of your list. This pet insurance carrier processes most claims within four to five days and offers a 5% discount for multiple pets covered under one policy.
Odie also covers your pets when they travel with you. There is 24/7 telehealth support to rely on and the wellness waiting period is only a single day.
Though not available in Alaska, Odie does allow you to add on wellness coverage. You’ll have to pay for office visits, prescriptions, and alternative therapies otherwise.
10. Prudent Pet
You can choose a policy that works best for you with Prudent Pet. This carrier offers preventative care coverage as well as an Accident-Only policy for coverage of up to $10,000 per year.
Prudent Pet will also cover reimbursements for things like mortality costs, vacation cancellation fees, the replacement of lost or stolen pets, and boarding fees. A 10% multi-pet discount means you can cover every pet in your house and 24/7 telehealth support is there when you need it most.
The Ultimate Plan from Prudent Pet includes practically anything you’d need with unlimited annual coverage. This includes microchipping, vaccinations, and deworming.
Current USAA members can get an immediate 15% off their pet insurance premium through a partnership between USAA Insurance Agency and Embrace. If you have multiple pets, are on active duty, or are a veteran, you can get an additional 25% off your pet insurance premiums.
Embrace provides up to 90% reimbursement for your veterinarian costs. Plus, if you don’t submit a claim for a year, your deductible is lowered by $50 the next year.
Accidents and illness coverage through Embrace also comes with the freedom to choose which vet you want to visit. The Wellness Rewards program also reimburses you for microchipping, blood work, flea, tick, and heartworm treatment, spaying/neutering, and vaccinations.
With Spot, you can easily adjust your benefit levels to suit your needs. This plan is similar to what you saw with the ASPCA but it offers different annual limits and deductibles.
Spot pet insurance does cover microchips, illnesses, and accidents. However, a wellness plan is optional.
Multiple pets get you a 10% discount on your Spot policy, though you’ll have to wait 14 days for the waiting period to expire.
13. Healthy Paws
For unlimited coverage, reimbursements up to 90%, and deductibles starting at $100, check out Healthy Paws. This insurance company processes most claims within two business days and offers a 30-day money-back guarantee.
Healthy Paws doesn’t offer discounts for multiple pets or wellness coverage. However, you can set up Healthy Paws to pay your vet directly.
14. Embrace Pet Insurance
Embrace offers several benefits for their pet insurance policy, including up to 90% reimbursement. Plus, you can earn $50 off your deductible for every year you don’t make a claim.
A pet policy with Embrace covers accidents, illness, and exam fees. You can file claims with the mobile app but are fairly limited in what policies you can choose from.
Embrace insures pets of any age, but if your pet is older than 14, you can only qualify for accident-only insurance. There is also a two-day waiting period for accident coverage.
If you have a senior cat or dog, Pumpkin could be the right pet insurance company for you. With unlimited coverage and potential reimbursement of up to 90% of costs, Pumpkin makes it easy to cover your loved one.
Pumpkin does not have an extended waiting period for issues with ligaments and hip dysplasia. Coverage includes illness, accidents, and an optional wellness policy.
You can get a multi-pet discount with Pumpkin. However, you won’t have access to telehealth or an accident-only plan.
Pet insurance is worth it if you’re struggling to pay your vet bills. Though you’re still responsible for your monthly premium, pet insurance policies can cover major expenses that could otherwise bankrupt you.
You are not required to have pet insurance. However, it can be helpful in most cases.
The average pet insurance policy depends on several factors, including your pet’s age and gender, and whether or not you have multiple pets on one policy. However, most pet owners spend about $50 per pet per month.
Yes, pet insurance can cover other pets besides cats and dogs. Nationwide covers reptiles and small mammals under its exotic pet health plan, but not all species are covered.
Partner with the Best Pet Insurance Companies for Your Pets
Having a pet in your life can help you overcome adversity and make new memories. Just like us, pets can get sick, have accidents, and require emergency attention.
If you want to avoid costly vet bills that threaten your budget, the best pet insurance companies work with you to provide coverage that works and makes sense. You may even find that you save more money than you pay each month or even year by having a pet insurance policy.
We hope this article has helped you to discover what’s out there when it comes to pet insurance. While we never want to see our pets sick or injured, it’s good to know you’re covered in times of need.
Now that you’ve got your pet covered with insurance, what new memories will you make?
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