Best pet insurance companies 2024
After evaluating 10 policies, Pets Best, Embrace, and Paw Protect emerged as the top three pet insurance companies.
Key Coverage:
A good pet insurance policy covers major medical emergencies like swallowed foreign objects, accidents, and cancer treatment, as well as common health issues like skin infections and digestive problems.
Recommended Reading:
- Cheapest Pet Insurance Companies
- Best Pet Insurance Wellness Plans For Routine Care
- Best Emergency Pet Insurance
- Best Pet Insurance For Multiple Pets
Best Pet Insurance Companies:
- Pets Best:
- Best overall with a Forbes Advisor rating of 5.0 stars.
- Offers a wide range of deductible choices and unlimited annual coverage.
- Accident coverage waiting period of only 3 days.
- Provides access to a 24/7 pet telehealth line.
- Embrace:
- Best for healthy pet discount with a Forbes Advisor rating of 4.5 stars.
- Offers a Healthy Pet Discount Program.
- Waiting period of only 2 days for accident coverage.
- Covers vet exam fees and provides access to a 24/7 pet telehealth line.
- Paw Protect:
- Great for superior benefits with a Forbes Advisor rating of 4.5 stars.
- Offers excellent coverage benefits, including access to a 24/7 vet telehealth line.
- Covers behavioral therapy and alternative therapy like acupuncture.
- Waiting period of only 2 days for accident coverage.
Other Top Companies:
- Figo: Great for short waiting period for accident coverage.
- Spot: Best for choices of annual coverage.
- Fetch: Great for boarding fees.
- Healthy Paws: Great for unlimited annual coverage.
- Lemonade: Great prices for dogs and cats.
How to Find the Best Pet Insurance Company:
- Prioritize benefits important to you.
- Compare coverage levels and prices.
- Look for policies with no special waiting periods for orthopedic conditions.
- Consider available discounts such as multipet, spay/neuter, and annual payment discounts.
Cost of Pet Insurance:
- Average cost for a dog is $48 per month, and for a cat is $28 per month.
- Factors affecting cost include annual maximum, deductible, reimbursement level, pet's age, breed, gender, and location.
top pet insurance companies Ranked as fellows:
Pets Best
- Forbes Advisor Rating: 5.0
- Maximum Annual Coverage: $5,000, Unlimited
- Average Monthly Cost for Unlimited Coverage: $44 for dogs; $25 for cats
- Deductible Choices: $50, $100, $200, $250, $500, $1,000
- Key Features:
- Pets Best is commended for its comprehensive coverage and affordability, offering the lowest prices for unlimited annual coverage among competitors analyzed.
- A wide range of deductible options allows for budget flexibility.
- Notable benefits include access to a 24/7 pet telehealth line and the option to add a wellness plan for routine care expenses.
- Short waiting period of only 3 days for accident coverage.
- Offers the flexibility to pay the vet directly if agreed upon.
- Various coverage tiers are available, including Essential, Plus, and Elite plans.
Embrace
- Forbes Advisor Rating: 4.5
- Maximum Annual Coverage: $5,000, $8,000, $10,000, $15,000, Unlimited
- Average Monthly Cost for Unlimited Coverage: $76 for dogs; $47 for cats
- Deductible Choices: $100, $250, $500, $750, $1,000
- Key Features:
- Embrace stands out for its unique Healthy Pet Discount Program, offering savings on accident and illness plans based on claim reimbursements.
- Short waiting period of 2 days for accident coverage.
- Covers vet exam fees and offers access to a 24/7 pet telehealth line.
- Provides the option to pay the vet directly, primarily for significant claims.
- Offers a range of coverage levels to suit different needs, with customizable deductibles.
Paw Protect
- Forbes Advisor Rating: 4.5
- Maximum Annual Coverage: $5,000, $10,000, Unlimited
- Average Monthly Cost for Unlimited Coverage: $77 for dogs; $47 for cats
- Deductible Choices: $100, $250, $500
- Key Features:
- Paw Protect is praised for its comprehensive coverage benefits, including access to a 24/7 vet telehealth line and coverage for vet exam fees.
- Short waiting period of only 2 days for accident coverage.
- Covers behavioral therapy and alternative treatments like acupuncture.
- Offers the option to pay the vet directly for significant claims.
- Provides a range of deductible options to align with various budgets and coverage needs.
Figo
- Forbes Advisor Rating: 4.3
- Maximum Annual Coverage: $5,000, $10,000, Unlimited
- Average Monthly Cost for Unlimited Coverage: $59 for dogs; $32 for cats
- Deductible Choices: $100, $250, $500, $750, $1,000, $1,500
- Key Features:
- Figo is selected for its short 1-day waiting period for accident coverage and flexible coverage options.
- Offers 100% reimbursement option and access to a 24/7 pet telehealth line.
- Provides a routine wellness plan for preventive care needs.
- A variety of coverage, reimbursement, and deductible options are available to accommodate different budgets and preferences.
- Noted for its user-friendly approach and customizable plans.
Spot
- Forbes Advisor Rating: 4.3
- Maximum Annual Coverage: $2,500, $3,000, $4,000, $5,000, $7,000, $10,000, Unlimited
- Average Monthly Cost for Unlimited Coverage: $96 for dogs; $46 for cats
- Deductible Choices: $100, $250, $500, $750, $1,000
- Key Features:
- Spot is recognized for its extensive selection of annual coverage options and deductible choices.
- Includes coverage for behavioral and alternative therapies.
- No special waiting periods for conditions like cruciate ligament issues.
- Offers the option to pay the vet directly upon request.
- Provides customizable coverage levels to match individual needs and budgets.
Fetch
- Forbes Advisor Rating: 4.1
- Maximum Annual Coverage: $5,000, $10,000, $15,000
- Average Monthly Cost for Unlimited Coverage: $47 for dogs; $43 for cats
- Deductible Choices: $300, $500, $700
- Key Features:
- Fetch is highlighted for its coverage of boarding/kennel fees during extended hospitalizations.
- Offers optional wellness plans for routine care expenses.
- Covers vet exam fees and includes benefits like advertising fees coverage and rewards in case of lost or stolen pets.
- Provides coverage for vacation cancellation fees due to pet illness.
- Offers competitive pricing and customizable coverage options.
Healthy Paws
- Forbes Advisor Rating: 4.1
- Maximum Annual Coverage: Unlimited
- Average Monthly Cost for Unlimited Coverage: $52 for dogs; $23 for cats
- Deductible Choices: $100, $250, $500, $750, $1,000
- Key Features:
- Healthy Paws is commended for offering unlimited annual coverage at competitive rates.
- Provides access to a 24/7 pet telehealth line.
- Offers direct payment to the vet upon request.
- No annual coverage limit on claim payouts.
- However, vet exam fees are not covered, and certain conditions like hip dysplasia may have exclusions for pets enrolled at age 6 or older.
Lemonade
- Forbes Advisor Rating: 4.1
- Maximum Annual Coverage: $5,000, $10,000, $20,000, $50,000, $100,000
- Average Monthly Cost for Unlimited Coverage: $46 for dogs; $27 for cats
- Deductible Choices: $100, $250, $500, $750
- Key Features:
- Lemonade stands out for its competitive rates for both dogs and cats.
- Short waiting period of only 2 days for accident coverage.
- Offers optional wellness plans for routine care needs.
- Provides live chat support for pet health inquiries seven days a week.
- However, coverage of vet exam fees requires an add-on purchase.
ManyPets
- Forbes Advisor Rating: 4.0 (Preview)
- Maximum Annual Coverage: Varies
- Average Monthly Cost: Varies
- Deductible Choices: Varies
- Key Features:
- ManyPets is noted for its comprehensive coverage options tailored to diverse needs.
- Offers customizable plans with various deductible options to suit different budgets.
- Provides coverage for a wide range of illnesses, accidents, and routine care needs.
- Features a straightforward claims process for quick reimbursement.
- Known for responsive customer service and support for pet owners.
Pumpkin
- Forbes Advisor Rating: 4.0 (Preview)
- Maximum Annual Coverage: Varies
- Average Monthly Cost: Varies
- Deductible Choices: Varies
- Key Features:
- Pumpkin is recognized for its flexible coverage options and transparent pricing.
- Offers plans tailored to individual needs with customizable deductible and reimbursement options.
- Provides coverage for accidents, illnesses, and preventive care, including wellness exams and vaccines.
- Features a simple online application process and efficient claims submission.
- Known for its user-friendly mobile app and responsive customer support.
top pet insurance companies:
| Rank | Company | Forbes Advisor Rating | Maximum Annual Coverage | Average Monthly Cost (Unlimited Coverage) | Deductible Choices | Key Features |
|---|---|---|---|---|---|---|
| 1 | Pets Best | 5.0 | Up to $5,000 or Unlimited | $44 (dogs); $25 (cats) | $50, $100, $200, $250, $500, $1,000 | - Offers comprehensive coverage at competitive rates for unlimited annual coverage. - Provides a wide range of deductible options for better budgeting. - Allows for the addition of a wellness plan. - Short waiting period (3 days) for accident coverage. - 24/7 availability of pet telehealth line. - Option to facilitate direct payment to the vet, if agreed upon. |
| 2 | Embrace | 4.5 | Up to $15,000 or Unlimited | $76 (dogs); $47 (cats) | $100, $250, $500, $750, $1,000 | - Offers a unique Healthy Pet Discount Program for savings on accident and illness plans. - Short waiting period (2 days) for accident coverage. - Covers vet exam fees and provides access to a 24/7 pet telehealth line. - Option for direct payment to the veterinary hospital for large claims. - Option to add wellness plan. |
| 3 | Paw Protect | 4.5 | Up to $10,000 or Unlimited | $77 (dogs); $47 (cats) | $100, $250, $500 | - Offers excellent coverage benefits including access to a 24/7 vet telehealth line and option to add wellness plan. - Short waiting period (2 days) for accident coverage. - Covers behavioral therapy and alternative therapy like acupuncture. - Option for direct payment to the veterinary hospital for large claims. |
| 4 | Figo | 4.3 | Up to $10,000 or Unlimited | $59 (dogs); $32 (cats) | $100, $250, $500, $750, $1,000, $1,500 | - Short waiting period (1 day) for accident coverage. - Offers a variety of coverage, reimbursement, and deductible options for better customization. - Option for 100% reimbursement. - Provides access to a 24/7 pet telehealth line. - Offers a routine wellness plan. |
| 5 | Spot | 4.3 | Up to $10,000 or Unlimited | $96 (dogs); $46 (cats) | $100, $250, $500, $750, $1,000 | - Offers a variety of annual coverage and deductible options for better customization. - Provides coverage for behavioral and alternative therapies. - No special waiting periods for conditions like cruciate ligament issues. - Option for direct payment to the vet with veterinarian approval. |
| 6 | Fetch | 4.1 | Up to $15,000 | $47 (dogs); $43 (cats) | $300, $500, $700 | - Includes coverage for boarding/kennel fees during hospitalization. - Covers vet exam fees. - Covers advertising fees and reward if pet is lost or stolen. - Covers vacation cancellation fees due to pet illness. - Option to add a wellness plan. |
| 7 | Healthy Paws | 4.1 | Unlimited | $52 (dogs); $23 (cats) | $100, $250, $500, $750, $1,000 | - Offers unlimited annual coverage at competitive rates. - No annual coverage limit on claim payouts. - Has a 24/7 pet telehealth line. - Can pay vet directly with pre-approval. - Doesn't cover vet exam fees or hip dysplasia for pets enrolled at age 6 and older. |
| 8 | Lemonade | 4.1 | Up to $100,000 | $46 (dogs); $27 (cats) | $100, $250, $500, $750 | - Offers competitive rates for dogs and cats. - Short waiting period (2 days) for accident coverage. - Option to add a wellness plan. - Provides live chat for pet health questions seven days a week. - Doesn't offer a 24/7 vet helpline or cover vet exam fees by default. |
| 9 | ManyPets | 4.0 | Up to $20,000 | $56 (dogs); $31 (cats) | $100, $250, $500, $1,000 | - Provides comprehensive coverage with competitive rates. - Offers a variety of deductible options. - Doesn't have a waiting period for accident coverage. - No waiting period for orthopedic conditions like hip dysplasia. - Offers pet insurance discounts for insuring multiple pets and annual payment. |
| 10 | Pumpkin | 4.0 | Up to $20,000 | $56 (dogs); $31 (cats) | $100, $250, $500 | - Offers comprehensive coverage with competitive rates. - Provides a variety of deductible options. - Doesn't have a waiting period for accident coverage. - No waiting period for orthopedic conditions like hip dysplasia. - Offers pet insurance discounts for insuring multiple pets and annual payment. |
Pet Insurance Discounts by Provider
"Discounts offered by pet insurance providers can be a great way to save money. Here are the discounts identified in our analysis, although they may vary from one company to another:
- Multi-Pet Discount: Many insurers provide a discount if you insure more than one pet.
- Spay/Neuter Discount: Certain insurers offer discounts to pet owners who have their pets spayed or neutered.
- Annual Payment Discount: You can often lower your costs by paying your annual premium in a single lump sum.
- Military Discount: Some insurers offer discounts for military members and veterans.
- Workplace Group Discount: Some employers offer pet insurance as a voluntary benefit, which may entitle you to a discount ranging from 5% to 10%.
- Bundle Discount: By bundling Lemonade pet insurance with a Lemonade renters or homeowners insurance policy, you could receive a discount of up to 10%.
Here's a breakdown of pet insurance discounts provided by various companies:
| Company | Multi-Pet Discount | Military Member Discount | Annual Payment Discount | Other Discounts |
|---|---|---|---|---|
| ASPCA | 10% | No | No | 10% discount for veterinary professionals |
| Costco | 5% | No | No | 15% discount for Gold Star and Business members; Executive and Business Executive members also have the $15 enrollment fee waived |
| Embrace | 10% | 5% (not available in NY or TN) | No | No |
| Fetch | No | 10% | No | 10% for AARP members |
| Figo | 5% | 5% (not available in FL, NY, TN, or WA) | No | No |
| Geico | 10% (for plans through Embrace) | 5% (for plans through Embrace, not available in FL, NY, TN, or WA) | No | No |
| Healthy Paws | No | No | No | No |
| Lemonade | 5% | No | 5% | 10% bundling discount with other Lemonade insurance policies |
| Liberty Mutual | 5% (for insuring two pets), 10% (for insuring three or more pets) | Up to 20% if stacked with other discounts | No | Up to 20% (if stacked with other discounts) for bundling with other Liberty Mutual policies; discounts for affinity partners |
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