Few events are as painful as watching your furry family member suffer an unexpected illness or injury. Unfortunately, the vet bill you receive for your pet’s treatment can also sting. highOne reason is that many pet owners take out insurance policies to help offset their costs.
withYou will pay your vet bills and your pet insurer You pay for part or all of your costs, depending on the terms of your policy. Premiums vary between providers, 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 small but growing insurance sector with a growing number of providers. We have compiled a list of the best insurance companies that are your best bet for coverage, cost and other important factors.
If you’re in the market for pet insurance, get started by getting a free price quote today to learn more.
Best Pet Insurance Companies 2023
Here are our picks for the best pet insurance companies, based on our extensive analysis.
Best for the cost: ManyPets
According toInsurance coverage starts at $20 per month for dogs and $25 for cats.
In our study, Menipates came out with a slightly lower cost of lemonade for coverage. We received a quote for a 5 year old medium weight mixed breed dog in good health in Boulder, Colorado. For a maximum coverage pet insurance policy with a $500 deductible and a reimbursement rate of 80%, you’ll pay a $28 monthly premium with ManyPets and $39 per month with Lemonade.
ManyPets also offers a 15% premiumIf you have insurance with the insurer.
No matter which pet insurance company you choose, you can lower your monthly premiumor reduce your annual limit and reimbursement percentage. Get a quote from ManyPets now to see if it’s right for you
Best for comprehensive coverage: Embrace
Provides the most comprehensive coverage with first rate benefits. Embrace covers a wide spectrum of conditions, including breed-specific conditions, orthopedic conditions, cancer treatment and emergency surgery. Policies also include prescription drug coverage for covered conditions and treatment your pet receives at emergency veterinary clinics.
While many pet insurance providers limit their maximum annual coverage to $100,000 or less, Hug’s maximum coverage is unlimited. If you don’t anticipate needing that much coverage, you can opt for a reduced maximum limit as low as $5,000.
Get started by getting a quote from Embrace Online now.
Best for Flexibility: Spot
A pet insurance policy with numerous deductibles and maximum coverage amounts is essential if you want to customize your coverage to meet your budget. By raising your deductible or lowering your coverage amount, you can dial in your coverage to maximize your benefits without breaking the bank.
Gives you the most flexibility to customize your policy. The company offers several annual limit options:
Spot also offers several deductible options, ranging from $100 to $1,000, so you can find the best balance of premium costs you can afford when you file a claim. You can now get a pet insurance quote from Spot in 30 seconds.
Best for dogs: Lemonade
A popular insurance company that offers homeowners, rental and car insurance. The company is one of the best 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. Keep in mind that mixed dogs are generally less expensive than specific breeds.
Check Lemonade prices here to find out how much it will cost to insure your dog.
Best for cats: Figo
Some pet insurance companies do not provide insurance for pets over a certain age, often between seven and 14 years. Our feline friends typically live an average of 13 to 17 years, so this age condition can present a problem when looking for cat insurance. It is not unusual for some cats to live more than 20 years.
The age of your cat (or dog) is not a concern. The insurer covers cats and dogs with no upper-age restriction. This is a great relief for pet owners struggling to find insurance for their senior pets.
Check Figo prices here to find out how much it will cost to insure your cat.
Best for quick payback: Fetch by Dodo
When you’re shopping for pet insurance, be sure to ask each insurer about their average reimbursement period. With some pet insurance companies, you may not be reimbursed for the cost of your pet’s care for 30 days or more. Long wait times can put a strain on your budget, especially after spending a substantial amount of money to cover an unplanned procedure or treatment.
said,Our pick for fastest payback time. You can get your refund within two business days via direct deposit. Receiving your compensation quickly can help you withstand the impact of a large vet bill, especially if you choose the 90% reimbursement rate.
Get a free price quote now and learn more from Fetch by the Dodo online.
Best for paying the vet directly: Pets Best
Unlike most pet insurance companies,Insurance offers an option called Vet Direct Pay that allows you to pay your vet directly for an amount equal to your claim reimbursement.
By paying the vet directly, you don’t have to take money out of your savings or charge the vet bill to your credit card to pay for your pet’s care. This unique feature allows you to focus more on your pet’s treatment and recovery and less on paying for vet services.
Now know more about this unique feature here.
As with most financial products and services, the benefits of each are unique to the individual. So while we consider the above companies to be the best for individual characteristics, it still pays to do your own research to find the best plan for you and your furry friend. Use the table below to get started today.