JGI/Jamie Grill
Few events are as painful as seeing a member of your four-legged family suffer an unexpected illness or injury. Unfortunately, the vet bill you receive for your pet’s treatment can also sting. The top cost of veterinary care is one of the reasons many pet owners purchase insurance policies to help offset their costs.
With animal insuranceyou pay your veterinary bill and your pet insurer reimburse some or all of your charges, depending on the terms of your policy. Premiums vary by provider, so shopping around and comparing different pet insurance providers and policies is the best way to save money.
Compared to other types of insurance, pet insurance is a smaller but growing insurance industry with a growing number of providers. We’ve compiled a list of top insurance companies that are your top picks when it comes to coverage, cost, and other important factors.
If you’re looking for pet insurance, start by getting a free quote today to learn more.
Best Pet Insurance Companies 2023
Based on our comprehensive analysis, here are our picks for the best pet insurance companies.
Best value for money: ManyPets
According A lot of animalsinsurance coverage starts at $20 per month for dogs and $25 for cats.
In our research, ManyPets came out ahead of Lemonade with slightly lower cover costs. We got quotes for a healthy, medium-weight, 5-year-old mixed dog in Boulder, Colorado. For a maximum coverage pet insurance policy with a $500 deductible and an 80% reimbursement rate, you would pay a monthly premium of $28 with ManyPets and $39 per month with Lemonade.
ManyPets also offers a 15% bonus discount if you ensure more than one pet with the insurer.
Whichever pet insurance company you choose, you can lower your monthly premiums by increasing your deductible or by lowering your annual limit and reimbursement percentage. Get a quote from ManyPets now to see if it’s right for you.
Best for Full Coverage: Embrace
Get pet insurance offers the most comprehensive coverage with premium benefits. Embrace covers a wide range of conditions, including breed-specific conditions, orthopedic conditions, cancer treatments, and emergency surgeries. Policies also include prescription drug coverage for covered conditions and treatments your pet receives at emergency veterinary clinics.
While many pet insurance providers limit their maximum annual coverage to $100,000 or less, Embrace’s maximum coverage is unlimited. If you don’t anticipate needing such coverage, you can choose a reduced maximum limit of as little as $5,000.
Get started by getting a quote from Embrace online now.
Best for flexibility: Spot
A pet insurance policy with plenty of deductibles and maximum coverage amounts is essential if you want to customize your coverage to fit your budget. By increasing your deductible or reducing your coverage amounts, you can build your coverage to maximize your benefits without breaking the bank.
Spot Pet Insurance gives you the most flexibility to customize your font. The company offers several annual limit options:
- $2,500
- $3,000
- $4,000
- $5,000
- $7,000
- $10,000
- Unlimited
Spot also offers many deductible options ranging from $100 to $1,000, so you can strike the best balance between premium cost and affordability when filing a claim. You can now get a pet insurance quote from Spot in 30 seconds.
Best for Dogs: Lemonade
Lemonade is a popular insurance company that issues home, rental and auto insurance. The company is also among the top pet insurance companies, with affordable premiums and comprehensive coverage for your dog or cat.
A unique feature of Lemonade pet insurance is that it covers mixed breeds rather than a specific breed, such as a Labrador Mix. Since 60% of pets are mixed breeds, this feature can save you money on your pet insurance policy. Remember that mixed dogs are generally less expensive to insure than specific breeds.
Check out Lemonade’s prices here to find out how much it would cost to insure your dog.
Best for Cats: Figo
Some pet insurance companies do not offer pet insurance beyond a certain age, often between 7 and 14 years old. This age condition can be a problem when looking for cat insurance since our feline friends generally live between 13 and 17 years old on average. It is not uncommon for some cats to live over 20 years.
The age of your cat (or dog) is not an issue with Figo pet insurance. The insurer covers cats and dogs without age limit. This is a big relief for pet owners who are struggling to find insurance for their senior pets.
See Figo’s prices here to find out how much it would cost to insure your cat.
Best for Quick Refund: Fetch by The Dodo
When shopping for pet insurance, be sure to ask each insurer for their average reimbursement timeframe. With some pet insurance companies, you may not receive reimbursement for your pet care expenses for 30 days or more. Long wait times can strain your budget, especially after shelling out a substantial sum to cover an unscheduled procedure or treatment.
That said, Pick up by the Dodo is our choice for the fastest refund time. You can receive a refund within two business days by direct deposit. Receiving your reimbursement quickly can help you withstand the impact of a large veterinary bill, especially if you choose the 90% reimbursement rate.
Get a free quote from Fetch by the Dodo online now and learn more.
Best for direct vet payments: Pets Best
Unlike most pet insurance companies, Best Pets provides an option called Vet Direct Pay which allows Pets Best to pay your veterinarian directly for an amount equal to your claim reimbursement.
By paying the vet directly, you don’t have to withdraw money from your savings or charge the vet’s bill to your credit card to pay for your pet’s care. This unique feature allows you to focus more on treating and recovering your pet and less on paying for veterinary services.
Learn more about this unique feature here now.
The bottom line
As with most financial products and services, the benefits of each are unique to the individual. So while we find the companies above the best for individual features, it still pays to do your own research to find the best plan for you and your furry friend. Use the chart below to get started today.