The 11 Best Pet Insurance Companies For Dogs And Cats

Shawn Plummer

CEO, The Annuity Expert

The Best Pet Insurance Companies

The best pet insurance companies include:

  1. Metlife
  2. FIGO
  3. ASPCA
  4. Healthy Paws
  5. Pets Best
  6. Embrace
  7. Trupanion
  8. Petplan
  9. Nationwide
  10. American Modern Insurance Group
  11. Independence American Insurance Company

What Is Pet Insurance?

A pet insurance policy generally is a type of insurance (similar to human health insurance) that helps pet parents cover the costs of their pet’s care. For example, it can help pay vet bills, medication, and more. Various pet medical insurance plans are available, so you can choose the one that best fits your needs.

The Best Pet Insurance For Dogs
The Best Pet Insurance For Cats
The Best Pet Insurance Companies

How Does Pet Insurance Work?

How does pet health insurance work? Pet insurance works by you paying a monthly premium. This premium is based on your pet’s age, breed, and health history. In addition, you will pay a copay or deductible if your pet needs medical care. The insurance company will then reimburse you for the remaining costs.

What Types Of Coverage Are Available?

There are a few different types of pet insurance coverage available. The most common is comprehensive plan coverage, which helps cover various medical expenses, including exam fees, vet visits, emergency care, accident, and illness coverage. As the name suggests, there are also accident-only plans covering only accidents. Some complete coverage plans also offer wellness coverage, which helps pay for routine care like vaccinations and check-ups.

Rehabilitation Coverage

Rehabilitation coverage helps cover the costs of physical therapy, hydrotherapy, and more. This can be an excellent option for pets injured or dealing with a chronic illness.

Emergency Care Coverage

Emergency care coverage helps pay for unexpected veterinary expenses, like if your pet needs surgery or has been in an accident. This type of coverage typically has a higher deductible than comprehensive plans.

Hospitalization and Surgery Coverage

Hospitalization and surgery coverage help pay for your pet’s hospital stay and any necessary surgeries. This type of coverage typically has a higher deductible than comprehensive plans.

Specialist Care Coverage

Specialist care coverage helps pay for visiting a specialist, like a cardiologist or an oncologist. This type of coverage typically has a higher deductible than comprehensive plans.

Diagnostic Testing Coverage

Diagnostic testing coverage helps pay for X-rays, MRIs, and other diagnostic tests. This type of coverage typically has a higher deductible than comprehensive plans.

Prescription Drugs Coverage

Prescription drug coverage helps pay for your pet’s prescription medications. In addition, this type of coverage typically has a lower deductible than comprehensive plans.

What Are The Benefits Of A Pet Insurance Policy?

Pet medical insurance coverage benefits are peace of mind and financial protection if your pet becomes ill or injured. With insurance, you can choose the coverage that best meets your needs and budget, and you will have peace of mind knowing that your pet is protected.

  • Dental Illness and Injury Coverage: One of the most common claims filed with pet insurance companies is for dental illness or injury. Dental coverage helps reimburse you for your pet’s dental care, including cleaning, x-rays, and more.
  • Breed-Specific, Congenital, and Genetic Conditions: Certain breeds of dogs and cats are prone to specific health conditions. For example, Boxers are susceptible to hip dysplasia, and Golden Retrievers are prone to cancer. Some insurance companies offer breed-specific coverage for these conditions. Additionally, many pet plans cover congenital and genetic conditions.
  • Cancer Treatment Coverage: Cancer is one of the leading causes of death in pets. Pet insurance can help cover the costs of your pet’s cancer treatment, including chemotherapy, radiation, and more.
  • Chronic Conditions: Chronic conditions are those that are recurring or long-term. They can include conditions like diabetes, arthritis, and more. Many of the best pet insurance plans cover chronic conditions.
  • Preventable Conditions: Routine care can prevent preventable conditions like vaccinations and flea/tick prevention. In addition, some pet plans cover avoidable conditions.
  • Orthopedic Conditions: Orthopedic conditions are those that affect the bones or joints. They can include conditions like hip dysplasia, elbow dysplasia, and more. Many pet plans cover orthopedic conditions.

Choosing the Right Pet Insurance Plan

When choosing the best pet insurance plan, you should keep a few things in mind. First, consider what type of coverage you need. For example, you might not require comprehensive coverage if your pet is healthy and unlikely to need much medical care. However, getting a more comprehensive plan might be good if your pet has health problems or is prone to accidents.

You should also consider your budget when choosing an insurance plan. For example, pet policies can be expensive, so you’ll want to ensure you can afford the monthly premium. You should also consider the copay or deductible and be comfortable with it.

Finally, please read the fine print of any insurance policy before you purchase it. This will help you understand what is and isn’t covered.

Types Of Pet Insurance Plans

There are a few different types of pet insurance plans available.

  • Comprehensive Pet Insurance Coverage: This is the most popular type of policy. It helps cover various medical expenses for your pet, including vet bills, medication, preventative care, etc.
  • Illness-Only Coverage: This type of policy only covers illnesses. It doesn’t cover accidents or routine care. This might be a good option if your pet has chronic health problems or you’re on a budget.
  • Routine Care Coverage: This type of policy helps cover the costs of routine care, like vaccinations, teeth cleaning, and more. This might be a good option if you want to supplement your comprehensive coverage or are on a budget.
  • Accident-Only Coverage: This type of accident policy only covers accidents. If your pet becomes ill, you will not be covered.
  • Accident and Illness Coverage: This coverage covers accidents and illness but does not cover wellness and routine check-ups.
  • Wellness Coverage: This policy helps pay for care like vaccinations and check-ups. However, it does not cover accidents or illnesses.

Why Do I Need Pet Medical Insurance?

Is pet insurance worth it? There are a few reasons why you might need pet healthcare insurance.

  • Pet owners can help you pay a vet bill: If your pet becomes ill or has an accident, the costs can quickly add up, including emergency care. Pet healthcare insurance can help reduce these sudden costs.
  • Pet healthcare insurance can give a pet parent peace of mind: You’ll know you’re covered if something happens to your pet. This can help you focus on your pet’s recovery instead of worrying about the financial implications.
  • Pet healthcare insurance can help you budget for your pet’s care: You can spread the cost of your pet’s care over time by paying a monthly premium. This can make it easier to afford your pet’s needs, such as a vet visit and wellness benefits.

The Pros And Cons Of A Pet Insurance Policy

There are a few pros and cons to pet insurance.

Pros:

  • It can help you pay for unexpected vet bills
  • It can give you peace of mind
  • It can help you budget for your pet’s care

Cons:

  • Can be expensive
  • It may not cover everything
  • The fine print can be confusing

What Is The Cost Of A Pet Insurance Policy?

Pet health insurance costs vary depending on the coverage type, the deductible you select, the copay options, and the age and pet breed. For example, a cheap policy for a young, healthy dog with accident-only coverage may cost as little as $15 per month, while a policy for an older dog with comprehensive coverage may cost $100 per month or more.

Are There Any Pet Insurance Discounts Available?

Some pet health insurance companies offer discounts for multi-pet households, spaying/neutering, obedience training, annual pay discounts, etc. Check with your chosen pet insurance company to see what discounts are available.

What Are The Exclusions Of Pet Insurance Policies?

Most pet health insurance policies exclude coverage for a pre-existing condition, routine visits (such as vaccinations and check-ups), cosmetic procedures, and experimental treatments. Some policies also have a waiting period for coverage to begin. So be sure to read the fine print of any policy you’re considering.

How Do I Get Pet Insurance?

Pet health insurance through various insurers, such as 24PetWatch, Petsmart, Banfield Pet Hospital, Petco, Pets Best, AKC, Costco, Sam’s Club, B.J.’s Wholesale Club, and more. You can also get a pet insurance quote through your veterinarian or by shopping around online.

Conclusion

Pet insurance is a great way to help cover the costs of your pet’s care. You can choose the right plan by understanding how it works and what types of coverage are available. So don’t wait. Get started finding the best pet insurance provider for your furry friend today!

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Frequently Asked Questions

Is pet insurance a must-have?

No, pet insurance is not a must-have. However, it can be a valuable tool to help you pay for your pet’s care.

Who is the best pet insurer?

There is no one “best” pet insurer. Each insurance company has strengths and weaknesses, so comparing different plans is essential before choosing one.

What is the average cost of pet insurance?

The average cost of pet insurance varies depending on the coverage type, the deductible you select, the copay options you choose, and the age and breed of your pet.

What is usually covered?

The best pet insurance covers vet bills for accidents, illnesses, and more. Some policies also cover routine visits, such as vaccinations, exam fees, check-ups, and preventive care, including spaying, neutering, and dental cleaning.

What is usually not covered?

Most pet health insurance policies exclude coverage for pre-existing conditions, routine care (such as vaccinations and check-ups), cosmetic procedures, and experimental treatments. Some policies also have waiting periods for coverage to begin. So be sure to read the fine print of any policy you’re considering.

Is pet insurance a thing?

Yes, pet health insurance is a real thing. You can get it through various insurers, such as 24PetWatch, Petsmart, Banfield Pet Hospital, Petco, Pets Best, AKC, Costco, Sam’s Club, BJ’s Wholesale Club, Embrace, and more. You can also get pet medical insurance through your veterinary care or by shopping around online.

Do pet insurance premiums go up with age?

Yes, pet insurance premiums typically go up with age. This is because older pets are more likely to experience health problems.

What do I need to get pet insurance?

You must provide basic information about your pet’s age, breed, and medical history to get the insurance. You’ll also need to choose a policy and select deductible, copay, and coverage options. Some insurers also require that you have your pet examined by a veterinarian before they will provide coverage.

Does pet insurance pay for vaccinations?

Yes, if a comprehensive plan is purchased because it covers both accident and wellness. However, the policy will not cover vaccinations if accident-only is chosen.

Can pet insurance be backdated?

No, you cannot backdate pet insurance. Coverage begins on the date you select when you sign up for a policy.

When should I get pet insurance?

You can get pet insurance at any time. However, signing up for a policy is typically best when your pet is young and healthy. This way, you can avoid having to pay higher premiums later on.

How do I cancel pet insurance?

You’ll need to contact your insurer and request a cancellation form to cancel your pet insurance. Once you’ve filled out the form, you must return it to the insurance company. Be sure to keep a copy of the form for your records.

How much does spot pet insurance cost?

Spot pet insurance typically costs between $15 and $100 monthly, depending on your coverage type.

Does pet insurance cover available vet visits?

Yes, if a comprehensive plan is purchased because it covers both accident and wellness. However, if accident-only is chosen, the policy will not cover general vet visits.

What risks does pet insurance cover?

Pet insurance typically covers risks such as accidents, illnesses, and more. Some policies also cover routine care costs, such as vaccinations and check-ups.

What is not included?

Most pet insurance policies exclude coverage for pre-existing conditions, routine visits (such as vaccinations and check-ups), cosmetic procedures, and experimental treatments. Some policies also have waiting periods for coverage to begin. So be sure to read the fine print of any policy you’re considering.

Is there a discount for multiple pets?

Some insurers offer cheap pet insurance for multiple dogs and cats, so it’s worth shopping for discounts.

Does dog insurance payout if the dog dies?

No, the insurance typically does not payout if the dog dies because the coverage is health insurance, not life insurance. Currently, there are no animal life insurance policies.

What is deductible pet insurance?

Deductible pet insurance is a policy where you pay a deductible before the insurer pays. For example, if your pet needs surgery and costs $2,000, you would pay the first $500, and the insurer would pay the remaining $1,500.

What pet insurance does not increase with age?

Some insurers offer level-premium policies, meaning your premium will not increase with age. However, these policies typically have a higher initial premium.

What is the annual limit for pet insurance?

The annual limit is the maximum amount an insurer will pay annually. After pet parents reach the limit, they must pay additional medical costs. Limits can be per-pet or per-policy, typically between $500 and $2,500.

Is there a waiting period?

Yes, most pet insurance policies have a waiting period of 14 days to 12 months. Unfortunately, this means that the policy will not cover any medical conditions.

What is the claim reimbursement rate?

The reimbursement rate is the percentage of covered vet bills an insurer will pay. Most policies have a reimbursement rate of 70-80%.

What is the maximum age for a policy?

Pet insurance has no maximum age, but policies typically become more expensive as your pet ages. Some insurers also have age limits for coverage, so check with the insurance company before signing up.

Is there a limit on how much I can claim?

Yes, most pet insurance policies have a maximum claim limit. This is the maximum amount that the insurer will pay for any incident. Limits can be per-pet or per-policy, typically between $500 and $5,000.

What is the difference between a direct and indirect pet insurance company?

Direct insurance is when you purchase a policy directly from an insurer. Indirect insurance is buying a policy through a broker or another third party.

Is there a copay?

Yes, some policies have a copay, an additional fee you must pay when making a claim. Copays typically range from $25 to $100.

Do you get the deductible back?

No, the deductible is not refundable.

Does pet insurance cover all animals?

The insurance typically only covers domestic pets such as dogs and cats. Some insurers will cover other animals, such as rabbits and birds, but this is rare.

How is pet insurance different between dogs and cats?

There is typically no difference in coverage between dogs and cats. However, some insurers charge different premiums based on the type of pet.

Does Pet Insurance Cover Pre-Existing Conditions?

No, pet health insurance does not cover pre-existing conditions.

How do insurance companies know about pre-existing conditions?

The insurance companies have access to your pet’s medical records. They will use this information to determine if a condition is pre-existing.

What is the difference between an accident-only plan and comprehensive insurance?

Accident coverage covers accidents, such as being hit by a car. In addition, comprehensive policies cover accidents and illnesses.

Do I need to take my pet to the vet for a check-up before I can get insurance?

No, you do not need to take your pet to a licensed vet for a check-up before you can get insurance. However, it is good to do so because the insurer can access your pet’s medical records.

What vaccinations does my pet need before I can get insurance?

There is no set list of vaccinations that your pet needs before you can get insurance. However, most insurers require that your pet be up-to-date on their shots.

Do I need to register my pet with the government to get insurance?

You do not need to register your pet with the government to get insurance.

What is the best pet insurance?

The best pet insurance provides comprehensive coverage for unexpected veterinary expenses. It offers benefits such as accident and illness coverage, wellness care, and reimbursement for prescribed medications. The right pet insurance plan will depend on factors like the pet’s age, breed, and pre-existing conditions. Comparing different providers and their policies can help in finding the best pet insurance for your furry companion.

Does the insurance company cover neutering?

Yes, if a comprehensive plan is purchased because it covers accident, illness, and wellness. For example, the pet parents can choose between a teeth cleaning or neuter in any given year but can not have both in the same year. Likewise, the policy will not cover neutering or spaying if accident-only is chosen.

What is the difference between routine care and preventive care?

Routine care is primary medical care your pet regularly needs, such as vaccinations and check-ups. Preventive care coverage is medical care designed to prevent illness or injury, such as spaying/neutering and dental cleaning.

What is the difference between pet insurance and pet health care?

Pet health insurance is a type of insurance that covers your medical expenses if your pet becomes ill or injured. Pet health care is a type of insurance that covers routine and preventive care for your pet.

What is the difference between pet insurance and homeowners insurance?

Homeowners insurance covers your home and belongings in a natural disaster or theft. Pet insurers cover your pet in the event of an illness or injury.

Do I need to ensure my pet if I have homeowner’s insurance?

You do not need to insure your pet without homeowner’s insurance. However, it is good to do so because homeowners insurance does not typically cover veterinary expenses.

What is dog insurance?

Dog insurance is a type of pet health insurance that covers your dog in the event of an illness or injury.

What is cat insurance?

Cat insurance is a type of pet health insurance that covers your cat in the event of an illness or injury.

Which pet insurance covers pre-existing conditions?

A few insurance companies offer coverage for pre-existing conditions, but they are typically limited in scope and may come with higher premiums. Some companies that offer this type of coverage include VPI and Embrace.

Which pet insurance covers dental care?

Some top pet health insurance companies offering dental coverage include Trupanion, Pets Best, Nationwide, and Embrace.

Which pet health insurance covers spaying and neutering?

Most pet insurance policies will cover the cost of spaying and neutering your pet. However, there may be some restrictions or exclusions depending on the policy. Therefore, you should always check with your insurer to see if there are any coverage limitations.

Which pet health insurance pays the vet directly?

A few pet insurance companies will pay the vet directly, but they are uncommon. The most common way for pet health insurance is for the policyholder to pay the vet directly and then get reimbursed by the insurance company. Again, a few companies will pay the vet directly, but you will likely have to pay a higher premium for this coverage.

Is pet insurance for cats over ten years old?

Pet insurance companies typically cover cats over ten, but a few will not insure them. ASPCA Pet Health Insurance is one company that offers coverage for cats of all ages.

What is pug insurance?

Pug insurance is a type of pet insurance that covers pugs.

What is the best pet insurance?

The best pet insurance depends on your needs, budget, and type. When choosing a pet insurance provider, it is essential to consider factors like deductibles, premiums, coverage types, and exclusions.

How do you choose pet insurance?

Compare policies, coverage types, deductibles, premiums, and exclusions; consider budget and pet type; compare offers from multiple sources; obtain quotes before signing up.

Which dog insurance covers surgery?

Some dog insurance policies that cover surgery include PetPlan, Trupanion, Embrace, Healthy Paws, and Pets Best.

How much is full coverage pet insurance?

Full coverage pet insurance typically costs between $30-$90 monthly.

What is an annual deductible for pet insurance?

An annual pet insurance deductible is an amount the insured must pay out of pocket each year before the policy begins to cover certain expenses.

Why does pet insurance go up?

Pet insurance premiums can increase due to inflation and changes in the insured pet’s age or medical conditions.

What is the pet insurance deductible?

The pet insurance deductible is the amount that must be paid out-of-pocket before the insurance provider begins to pay for any claims.

What is a co-payment on pet insurance?

A co-payment on pet insurance is an additional fee that the policyholder pays for each claim, often a percentage of the total cost.

What is the waiting period for pet insurance?

The waiting period for pet insurance is the period between enrolling in the policy and when the coverage begins, typically 10–30 days.

How does pet insurance reimbursement work?

Pet insurance reimbursement typically works by the policyholder submitting a claim to their insurer, detailing the cost of treatment and other applicable information. The insurer then reviews the claim and pays an agreed sum, reimbursing the policyholder’s expenses.

How do you find a discount on pet insurance?

Look for discounts from pet insurance companies when enrolling, such as multi-pet discounts or loyalty rewards. Additionally, ask your veterinarian if they offer any discounts to their clients.

How long does pet insurance take to pay out?

Pet insurance typically takes 1-2 weeks to process and pay out claims.

Where can I get pet insurance?

Pet insurance can typically be found through pet health insurance companies, veterinarians, or pet supply stores.

Does pet insurance cover spaying or neutering procedures?

Yes, pet insurance often covers spaying or neutering procedures as part of their coverage for preventive care or routine veterinary procedures.

What role does a licensed veterinarian play in the pet insurance claim process?

They play a crucial role in the pet insurance claim process by providing necessary documentation, treatment records, and professional expertise to support the claim and facilitate reimbursement.

How does the cost of pet insurance compare to human health insurance?

Pet insurance costs are typically lower than human health insurance, but can vary depending on factors such as the pet’s age, breed, and coverage options chosen.

*Disclosure: Some of the links in this guide may be affiliate links. I may receive a commission at no cost if you purchase a policy. It helps us keep the lights on!

Shawn Plummer

CEO, The Annuity Expert

Shawn Plummer is a licensed financial professional, insurance agent, and annuity broker with over 14 years of first-hand experience with annuities and insurance. Since beginning his journey in 2009, he has been pivotal in selling and educating about annuities and insurance products. Still, he has also played an instrumental role in training financial advisors for a prestigious Fortune Global 500 insurance company, Allianz. His insights and expertise have made him a sought-after voice in the industry, leading to features in renowned publications such as Time Magazine, Bloomberg, Entrepreneur, Yahoo! Finance, MSN, SmartAsset, The Simple Dollar, U.S. News and World Report, Women’s Health Magazine, and many more. Shawn’s driving ambition? To simplify retirement planning, he ensures his clients understand their choices and secure the best insurance coverage at unbeatable rates.

The Annuity Expert is an independent online insurance agency servicing consumers across the United States. The goal is to help you take the guesswork out of retirement planning and find the best insurance coverage at the cheapest rates

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