Best Pet Insurance. Choosing the best pet insurance will depend on your specific needs, your pet’s breed and age, and your budget. As of my last training cut-off in January 2023, several pet insurance companies have been highly rated by consumers and industry experts. Here are some considerations when selecting pet insurance and a list of notable companies:
Best Pet Insurance
Considerations When Selecting Pet Insurance:
- Coverage: Look for policies that cover accidents, illnesses, hereditary conditions, and if needed, wellness and routine care.
- Exclusions: Understand what’s not covered, e.g., pre-existing conditions, certain hereditary conditions, and specific breed-related issues.
- Deductibles: A higher deductible generally means a lower premium but more out-of-pocket expenses when you make a claim.
- Reimbursement Level: This is the percentage of the vet bill the insurer will pay after you meet the deductible.
- Limits: Some policies may have annual, lifetime, or per-condition limits.
- Waiting Period: Check how long you need to wait before the coverage starts.
- Premiums: Premiums can vary based on breed, age, location, and coverage options.
- Reviews: Always read customer reviews to get a sense of the company’s reputation, claims process, and customer service.
Notable Pet Insurance Companies:
- Trupanion: Known for comprehensive coverage and no payout limits.
- Healthy Paws: Offers unlimited benefits with most plans and has a simple pricing structure.
- Petplan: Provides comprehensive coverage, including for dental diseases.
- Embrace: Offers a Wellness Rewards program and a diminishing deductible feature.
- Nationwide: The only insurer that offers coverage for birds and exotic pets in addition to cats and dogs.
- ASPCA Pet Health Insurance: Offers various coverage options and a preventive care add-on.
- Figo: Known for its cloud-based platform, which provides pet health records and other resources.
- Lemonade: In addition to home and renters insurance, they offer comprehensive pet insurance.
Always remember to get multiple quotes and read the terms and conditions of any policy carefully. Coverage, prices, and customer satisfaction can change over time, so it’s essential to research and compare the latest options available in your region. It might also be helpful to consult with your veterinarian or fellow pet owners for their experiences and recommendations.
Trupanion is one of the well-known pet insurance companies in North America, especially in the U.S. and Canada. Here’s an overview of the company and its pet insurance offerings based on information available up to 2023:
- History: Founded in 2000 by Darryl Rawlings, the company set out to provide pet owners with insurance coverage that could genuinely help in the event of unexpected veterinary bills.
- Coverage: Trupanion’s primary focus is on medical insurance for cats and dogs. Their coverage is designed to be simple and comprehensive.
Features of Trupanion’s Pet Insurance:
- One Plan: Unlike some insurers that offer tiered plans, Trupanion has one straightforward plan.
- Coverage: The policy covers 90% of eligible veterinary costs after the deductible. This includes hereditary conditions, congenital conditions, diagnostic tests, surgeries, medications, and hospital stays.
- Deductible: Trupanion offers a flexible deductible that you can adjust according to your needs and budget. Once the deductible is met for a specific condition, you don’t have to pay it again for that condition for the life of your pet.
- No Payout Limits: There are no per-incident, annual, or lifetime payout limits, which is one of Trupanion’s standout features.
- Direct Payment to Veterinarians: In some cases, Trupanion can pay the veterinarian directly, meaning the pet owner doesn’t have to pay out-of-pocket and wait for reimbursement.
- Exclusions: Like all pet insurance, Trupanion has some exclusions. Pre-existing conditions are not covered, nor are wellness and preventive care (like vaccinations or annual check-ups). They do, however, offer optional add-ons for recovery and complementary care.
- Age Limits: While there’s no age limit to enroll your pet, pets enrolled after their 14th birthday will have different policy terms.
- Loyalty Pricing: Unlike some other pet insurance companies, Trupanion’s pricing model focuses on the overall costs of pet healthcare in your region, not on your pet’s age. However, rates can still increase due to factors like inflation and changes in veterinary care costs.
Feedback: Trupanion tends to receive positive feedback for its comprehensive coverage and lack of payout limits. However, as with all services, experiences can vary, and some pet owners might find it pricier than other options on the market.
If you’re considering Trupanion or any pet insurance, always request a quote, read the policy details thoroughly, and consider your pet’s health needs and your financial situation. It can also be helpful to read customer reviews and consult with your veterinarian for their perspective.
Healthy Paws Pet Insurance is another prominent pet insurance provider in the U.S. Recognized for its comprehensive coverage and straightforward approach, Healthy Paws has earned a loyal customer base. Here’s an overview based on data available up to 2023:
About Healthy Paws:
- History: Founded in 2009 by Steve Siadek and Rob Jackson, Healthy Paws Pet Insurance and Foundation aimed not just to provide pet insurance but also to help homeless pets. Part of their profits goes to pet adoption, medical care, and other services for homeless animals.
- Coverage: Healthy Paws focuses on medical insurance for cats and dogs, offering a single comprehensive plan that’s simple to understand.
Features of Healthy Paws Pet Insurance:
- Coverage: The policy covers accidents, illnesses, hereditary conditions, congenital conditions, chronic conditions, cancer, diagnostic treatment, surgery, hospitalization, prescription medications, emergency care, and specialty care.
- Reimbursement: Healthy Paws offers a reimbursement rate of 70%, 80%, or 90%, depending on the plan you choose.
- Deductible: They offer an annual deductible, meaning it needs to be met once per year regardless of how many claims are made. The deductible options usually range from $100 to $500.
- No Payout Limits: One of the defining features of Healthy Paws is that they don’t have caps on claim payouts. There are no per-incident, annual, or lifetime limits.
- Exclusions: Pre-existing conditions, preventive care (e.g., vaccinations, flea control), spaying/neutering, and non-clinical office visits are not covered.
- Mobile App: Healthy Paws has a mobile app where customers can easily submit claims by taking a picture of their vet bill.
- Waiting Period: There is typically a 15-day waiting period for accidents and illnesses. For hip dysplasia, a waiting period of 12 months might apply (based on the age of enrollment and the breed).
- Enrollment Age: Pets can be enrolled from 8 weeks old up to 14 years. Once enrolled, pets are covered for life.
Feedback: Healthy Paws has garnered praise for its speedy claim processing and customer service. However, premiums can increase over time, which is standard in the industry but can be a point of contention for some pet owners. It’s essential to be aware of rate changes and understand the factors affecting pricing.
When considering Healthy Paws or any other pet insurance provider, it’s wise to obtain a quote, carefully read the policy details, and weigh the pros and cons in light of your pet’s health needs and your financial situation.
Petplan is another popular pet insurance provider known for its comprehensive coverage options. As of the last update in January 2023, here’s an overview of Petplan:
- History: Founded in the UK in 1976, Petplan expanded to the U.S. in 2003. Over the years, Petplan has become one of the leading pet insurance providers, with a strong reputation for comprehensive coverage.
- Coverage: Petplan offers insurance for both dogs and cats, covering a wide range of medical issues.
Features of Petplan’s Pet Insurance:
- Coverage: Their policies typically cover accidents, illnesses, injuries, non-routine veterinary exam fees, diagnostic treatments, surgery, prescription medications, imaging (MRI, CAT, and ultrasound scans), cancer treatments, dental (non-routine), and rehabilitation.
- Customizable Plans: Petplan allows you to customize your deductible, reimbursement level, and policy limit, which gives you some flexibility in choosing a plan that fits your budget and needs.
- Deductible: They offer an annual deductible, which means it resets every year. The amount you select can range, allowing you to adjust your premium costs.
- Reimbursement: You can select a reimbursement level, typically ranging from 70% to 90%.
- Coverage Limits: You can choose annual limits for your coverage, with some plans offering unlimited annual benefits.
- Exclusions: As with most pet insurance, pre-existing conditions are not covered. However, Petplan does cover hereditary and congenital conditions as long as they haven’t shown symptoms before the policy starts.
- 24/7 Pet Health Helpline: Policyholders can access a helpline to ask questions related to their pet’s health, which can be especially valuable during emergencies or uncertain situations.
- Waiting Period: There is a standard waiting period for accidents and illnesses. The waiting period for illnesses is longer than for accidents.
- Enrollment Age: Pets can be enrolled as young as six weeks, and there’s no upper age limit, making it a good choice for older pets. However, coverage terms might be different for pets enrolled at an older age.
Feedback: Many pet owners appreciate Petplan’s comprehensive coverage, especially the inclusion of non-routine dental work and coverage for hereditary and congenital conditions. However, as with any insurance, experiences can vary. Some users might find rate increases over time or have differing experiences with the claims process.
If considering Petplan or any pet insurance, it’s recommended to get a detailed quote, review the policy’s fine print, consider your pet’s specific needs, and be informed about the terms and any exclusions.
Embrace Pet Insurance is another recognized name in the pet insurance industry, known for its comprehensive coverage and flexibility. Here’s a detailed look at Embrace as of the latest data available in January 2023:
- History: Founded in 2003, Embrace’s mission has been to help pet owners afford high-quality veterinary care for their pets, ensuring that financial concerns don’t become a barrier to receiving necessary medical attention.
- Coverage: Embrace offers insurance for both dogs and cats, with coverage that includes a wide range of medical conditions and events.
Features of Embrace’s Pet Insurance:
- Coverage: Embrace’s standard policy covers accidents, illnesses, genetic conditions, breed-specific conditions, cancer, chronic conditions, exam fees, alternative therapies, and rehabilitation.
- Wellness Rewards: This is an optional preventive care plan that covers routine veterinary care, grooming, and training. It functions like a health savings account where you can add a specific amount to your policy for preventive care reimbursement.
- Customizable Plans: You can choose your annual maximum, deductible, and reimbursement percentage, allowing you to adjust the policy to fit your budget and needs.
- Deductible: Embrace offers an annual deductible, which means it resets every policy year. One unique feature is the “Healthy Pet Deductible” where for every year you don’t receive a claim payment, your annual deductible is reduced by $50.
- Reimbursement: You can choose a reimbursement level of 70%, 80%, or 90%.
- Coverage Limits: You can select an annual limit for your policy, with options that range up to a $30,000 maximum.
- Exclusions: As is standard with most pet insurance policies, pre-existing conditions are not covered. Always review the policy for other specific exclusions.
- Waiting Period: Embrace has a waiting period of 14 days for illnesses and 2 days for accidents. There’s also a 6-month waiting period for orthopedic conditions, but this can be reduced to 14 days if your pet gets an orthopedic exam or waiver.
- Enrollment Age: Pets can be enrolled as young as six weeks old and up to 14 years for dogs and 15 years for cats. Coverage continues for enrolled pets as they age.
Feedback: Embrace generally receives positive feedback for its comprehensive coverage and the added benefit of the wellness rewards program. The “Healthy Pet Deductible” is another feature that sets them apart. As always, experiences can vary based on individual needs and circumstances, so some pet owners may find it more expensive than other options or have different experiences with the claims process.
If you’re considering Embrace or any other pet insurance, it’s important to get a detailed quote, carefully read the policy, and understand the terms and any exclusions. Consider your pet’s specific needs, potential breed-specific health issues, and your budget before making a decision.
Nationwide is one of the largest and most diversified insurance and financial services providers in the United States. When it comes to pet insurance, Nationwide is particularly noteworthy because it’s one of the few providers that offers coverage for more than just cats and dogs. Here’s a summary of Nationwide’s pet insurance offerings based on data up to January 2023:
About Nationwide’s Pet Insurance:
- Variety of Pets Covered: Nationwide offers coverage for dogs, cats, birds, and various exotic pets. This broad range sets it apart, as many other pet insurance providers only cover cats and dogs.
- Coverage Plans:
- Whole Pet with Wellness: This is a comprehensive plan that includes both wellness care and illness/accident coverage. It covers 90% of eligible expenses and includes spaying/neutering, vaccinations, and routine check-ups.
- Whole Pet: Similar to the above but without wellness coverage. It still covers 90% of eligible expenses related to accidents and illnesses.
- Major Medical: This is an accident and illness plan that works with a benefits schedule (which means there are specific maximum payouts for different conditions/treatments).
- Pet Wellness: This plan covers preventive care, including physical exams, vaccinations, and flea/heartworm prevention.
- Customizable Plans: Nationwide allows you to adjust your deductible and reimbursement level for the Whole Pet plans.
- Hereditary and Congenital Conditions: These are covered in the Whole Pet plans.
- Deductible: Nationwide offers an annual deductible, which means it’s applied once per policy year regardless of the number of claims.
- Exclusions: As with most pet insurance providers, pre-existing conditions are not covered. It’s important to read the policy details to understand all exclusions.
- Enrollment Age: While there’s a broad range for enrollment age for cats and dogs, it’s recommended to enroll pets when they’re young to ensure lower premiums and avoid issues with pre-existing conditions.
- Additional Features: Nationwide offers a 24/7 vet helpline, giving policyholders access to veterinary guidance any time of day.
Feedback: Nationwide’s coverage of exotic pets and birds makes it a unique option for pet owners with non-traditional pets. Additionally, its comprehensive Whole Pet with Wellness plan is a standout for those looking for both preventive care and accident/illness coverage.
However, premiums can be on the higher side, especially for the comprehensive plans. As with all insurance, the experience can vary based on individual needs, the specific pet, and the chosen plan.
If considering Nationwide or any pet insurance provider, it’s essential to obtain a quote, review the policy details thoroughly, and assess the specific needs of your pet and your financial situation.
ASPCA Pet Health Insurance
The ASPCA (American Society for the Prevention of Cruelty to Animals) is one of the oldest and most well-known animal welfare organizations in the U.S. Through a partnership with the United States Fire Insurance Company, they offer ASPCA Pet Health Insurance to provide pet owners with financial support for veterinary care. Here’s a breakdown of their pet insurance offerings as of information available in January 2023:
About ASPCA Pet Health Insurance:
- Coverage Options:
- Complete Coverage: This is their most comprehensive plan. It covers accidents, dental disease, behavioral issues, and illnesses, including hereditary and congenital conditions. This means it covers both common and advanced medical treatments.
- Accident-Only Coverage: As the name suggests, this plan covers treatment for injuries resulting from accidents.
- Optional Preventive Care: For an additional cost, you can add a preventive care coverage option to your plan. This covers routine services like vaccines, screenings, and flea/heartworm prevention. There are different levels of preventive care to choose from based on the pet’s needs and the owner’s budget.
- Customizable Plans: You can adjust your deductible, reimbursement percentage, and annual limit to fit your budget and desired coverage level.
- Deductible: They offer an annual deductible, which is applied once per policy year regardless of the number of claims.
- Exclusions: Pre-existing conditions are not covered, which is standard in the industry. Always review policy details for other specific exclusions.
- Reimbursement: Depending on the chosen plan, the reimbursement can range from 70% to 90% after the deductible.
- Coverage Limits: You can choose an annual limit for your coverage, with options ranging from a specified amount to unlimited.
- Waiting Period: There’s a waiting period of 14 days for illnesses and a 48-hour waiting period for accidents.
- Enrollment Age: Pets can be enrolled as young as 8 weeks old. While there’s no age limit for accident coverage, there might be an age limit for illness coverage, so it’s important to check specific details.
- Multi-Pet Discount: ASPCA Pet Health Insurance offers a discount if you enroll multiple pets.
Feedback: Many pet owners appreciate the flexibility offered by ASPCA Pet Health Insurance, especially the ability to add preventive care coverage. The brand association with the ASPCA also appeals to those who support animal welfare causes.
However, as with any insurance product, experiences can vary. Some users might find rate increases over time, and it’s important to understand the policy terms and any exclusions.
If considering ASPCA Pet Health Insurance or any other provider, it’s crucial to obtain a detailed quote, read through the policy terms, and weigh the pros and cons based on your pet’s health needs, potential breed-specific issues, and your financial situation.
Figo Pet Insurance is a relatively newer entrant in the pet insurance industry, but it has quickly gained attention due to its tech-forward approach and comprehensive coverage options. Here’s an overview of Figo based on data available up to January 2023:
- Tech-Centric: Figo has positioned itself as a tech-forward pet insurance company. They offer a cloud-based platform where policyholders can manage everything related to their pet’s insurance, from claims to medical records. This emphasis on technology can appeal to those looking for an easily manageable, digital-first experience.
- Coverage: Figo offers insurance for both dogs and cats.
Features of Figo’s Pet Insurance:
- Coverage Options: Figo provides three main plans that allow you to balance coverage with cost:
- Essential: Covers basic accident and illness needs.
- Preferred: Offers a more comprehensive accident and illness coverage.
- Ultimate: The most extensive coverage, often with unlimited annual benefits.
- Customizable Plans: You can adjust the annual deductible, reimbursement percentage, and annual benefit limit.
- Comprehensive Medical Coverage: Depending on the chosen plan, Figo covers accidents, illnesses, hereditary and congenital conditions, chronic conditions, cancer, surgeries, prescription medications, imaging, hospitalization, and more.
- Exclusions: As with most pet insurance providers, pre-existing conditions are not covered. Always review the policy for other exclusions.
- Deductible: Figo uses an annual deductible.
- Reimbursement: Policyholders can choose a reimbursement level, ranging typically from 70% to 100%.
- Coverage Limits: You can select an annual limit for your coverage. The “Ultimate” plan often offers unlimited annual benefits.
- Pet Cloud & Mobile App: One of Figo’s unique features is its cloud-based platform and mobile app. This allows you to store medical records, manage claims, and even locate pet-friendly services near you.
- Waiting Period: Figo has a 3-day waiting period for injuries, a 14-day waiting period for illnesses, and a 6-month waiting period for knee conditions.
- Vet Exam Requirement: For coverage to be valid, your pet needs to have been examined by a vet within 12 months before the policy start date or within 14 days after the policy begins.
Feedback: Many policyholders appreciate Figo’s tech-centric approach, making claim submissions and tracking straightforward. The option to customize plans and select a high reimbursement rate (up to 100%) is also a notable feature.
However, premiums can be higher, especially for the most comprehensive plans or older pets. As always, individual experiences can vary based on the specific pet, chosen coverage, and any claims made.
If considering Figo or any other pet insurance, it’s essential to obtain a quote, review the policy’s terms and conditions thoroughly, and compare with other providers to determine the best fit for your pet’s needs and your financial situation.
Lemonade is a tech-driven insurance company that started with renters and homeowners insurance but later expanded into pet health insurance. As of my last update in January 2023, here’s an overview of Lemonade’s pet insurance offerings:
- Tech-First Approach: Leveraging artificial intelligence and a digital-first model, Lemonade offers a streamlined insurance experience, from policy purchase to claims processing. Their mobile app allows for quick claims, often processed within minutes.
- Giveback Program: Lemonade operates under a flat fee model, taking a fixed percentage of premiums for overhead and profit. Unused money is then donated to causes chosen by policyholders, reflecting a social good commitment.
- Coverage: Lemonade offers pet health insurance primarily for dogs and cats.
Features of Lemonade’s Pet Insurance:
- Basic Coverage: Lemonade’s base pet policy covers various medical expenses, including accidents, illnesses, diagnostic tests, procedures, and medications.
- Preventive and Wellness Packages: For an additional cost, Lemonade offers preventive care packages that can cover routine care like vaccines, annual wellness exams, heartworm tests, and more.
- Customizable Policies: You can customize your deductible, reimbursement percentage, and annual payout limit to fit your budget and desired level of coverage.
- Deductible: They offer an annual deductible.
- Reimbursement: Depending on the plan, reimbursement can range from 70% to 90% of the vet bill.
- Coverage Limits: You can choose from different annual payout limits.
- Exclusions: Like most pet insurance plans, pre-existing conditions are not covered. Make sure to review policy details for other exclusions.
- Waiting Period: There’s a waiting period after purchasing the policy before certain coverages become effective. This includes a 48-hour waiting period for accidents, a 14-day waiting period for illnesses, and a 6-month waiting period for cruciate ligament events.
- Multi-Policy Discounts: If you hold multiple insurance types with Lemonade, such as renters or homeowners insurance along with pet insurance, you may be eligible for a discount.
Feedback: Lemonade’s tech-centric model has received praise for its fast claim processing and user-friendly interface. Their transparent flat-fee model and giveback program also differentiate them from many traditional insurance companies.
However, as with any insurance offering, experiences can vary. Some users might find limitations in coverage or differences in premium costs compared to other providers.
If considering Lemonade or any other pet insurance provider, it’s crucial to get a detailed quote, review the policy’s terms and conditions, and weigh the pros and cons based on your pet’s health needs and your financial circumstances.
Best Pet Insurance FAQs
Certainly! Here are some frequently asked questions (FAQs) about pet insurance, along with their answers:
- What is pet insurance?
- Pet insurance is a policy taken out for your pet that can reimburse you for certain medical expenses. This can include treatments, surgeries, lab fees, X-rays, and more, depending on the policy.
- Why do I need pet insurance?
- Veterinary care can be costly, especially in the case of emergencies or chronic conditions. Pet insurance can help offset these costs, ensuring your pet receives necessary care without straining your finances.
- Does pet insurance cover pre-existing conditions?
- Typically, pet insurance does not cover pre-existing conditions, which are conditions that occurred before the coverage began. However, some providers might cover curable pre-existing conditions after a certain waiting period if the pet remains symptom-free.
- How does pet insurance reimbursement work?
- Most pet insurance operates on a reimbursement model. This means you’ll pay the vet bill upfront, then submit a claim to the insurance company, and they’ll reimburse a percentage of the cost based on your plan.
- What’s the difference between an annual deductible, per-incident deductible, and a lifetime deductible?
- An annual deductible is the amount you pay out-of-pocket each policy year before your insurance starts to pay. A per-incident deductible is the amount you pay for each separate illness or injury. A lifetime deductible is a one-time deductible you pay for the life of your pet for a specific condition.
- Does pet insurance cover regular check-ups and preventive care?
- Basic pet insurance usually covers accidents and illnesses. However, many companies offer wellness plans or preventive care add-ons that cover routine visits, vaccinations, and other preventive measures.
- How do I choose the best pet insurance for my pet?
- Consider your pet’s breed, age, and health needs. Look at coverage options, exclusions, deductibles, reimbursement percentages, and customer reviews. It’s also a good idea to consult with your vet.
- Is there an age limit for insuring my pet?
- Many companies have an age minimum (often 6-8 weeks) and might have age limits for specific coverage or terms. However, once enrolled, coverage usually continues for the pet’s lifetime.
- How does pet insurance differ from human health insurance?
- While there are similarities in structure, pet insurance generally works on a reimbursement model, unlike human health insurance which often directly pays providers. Also, pet insurance doesn’t deny coverage based on pre-existing conditions but typically doesn’t cover costs related to them.
- Can I use any veterinarian I want?
- Yes, most pet insurance policies allow you to use any licensed veterinarian or specialist.
These are just some of the basic FAQs about pet insurance. Before purchasing a policy, always read the fine print, ask the insurer questions, and understand what you’re getting to ensure the best care for your pet.