Pet Insurance: A Complete Guide (2024)
The average pet insurance policy costs between $11 and $70 a month, with factors like your pet’s breed, how much coverage you want, and your deductible determining how much you’ll pay. Find out the best pet insurance companies with our pet insurance reviews and why to compare pet insurance providers.
Free Pet Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...
Insurance Operations Specialist
UPDATED: Mar 9, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Mar 9, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance providers please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- While rates vary by several factors, the average pet owner pays between $11 and $70 a month for pet insurance
- Pet insurance helps with emergency services, illnesses, and dental problems, but doesn’t cover services like grooming or preventative care
- Pet insurance doesn’t work like human health coverage because health care services for your pet are reimbursed rather than paid for at the time of service
Pets play an integral role in their families. From acting as best friends to providing comfort in trying times, pets can add a tremendous amount of joy to your life. As much as they take care of their people, most pet owners want to take the very best care of their animals.
One of the best ways to ensure your pet remains in good health is to buy pet insurance. Whether you want to spay a cat or need to take your dog to the emergency room, there’s a pet insurance plan that can cover just about anything.
Read on to learn about buying pet insurance for your animal. Then, compare rates with as many companies as possible to find the best pet insurance policy for your pet.
What is the best pet insurance company?
Like all other types of insurance, finding the right company for pet coverage depends on your needs. When you’re looking at pet insurance reviews, you should consider what type of animal will be covered, how much you want to spend, and which services you want to be included in your policy.
While there are several considerations to make in a pet insurance comparison, some companies have solid reputations for the services they provide. You should always do your research before you buy a pet insurance policy, but the companies listed below are a great place to start your search.
Embrace
Embrace is a top pick for pet insurance because it offers customers several ways to save. For example, active military members and veterans get a 5% discount in most states, and you can earn 10% off by insuring more than one pet.
Most insurance companies have a waiting period before you can access your benefits. Embrace has a 180-day waiting period, which is about average for pet insurance companies. However, you can shorten the wait to 14 days if you get a vet exam for your pet. Embrace also has an age requirement — pets must be at least six weeks old before you can buy coverage.
You can buy an accident and illness, accident-only, or wellness plan. Coverage limits start at $5,000 a year, but there is no upper limit to how much you can buy.
Pets Best
Pets Best offers more customization options than many of its competitors. It offers two wellness add-ons and you can choose between several deductible, reimbursement, and coverage limit options. Pets Best is also one of the few companies that will pay your vet directly when your pet needs an expensive surgery.
Pets Best’s waiting periods are fairly standard for the pet insurance industry. These include a three-day wait for accidents, 14 days for illnesses, and 180 days for serious procedures. You can insure a pet once it is seven weeks old, and there is no upper age limit.
There are three Pets Best plans available — accident and illness, accident-only, and wellness. Coverage starts at $5,000 and you can purchase as much as you’d like.
Figo
Figo is an excellent option for people who want to manage their insurance with a mobile app. Figo’s Pet Cloud can be used to file claims, pay bills, organize medical records, meet other pet parents, live chat with veterinarians, and look up groomers and dog walkers.
Figo’s waiting period varies by state, but you’ll have to wait at least six months before your insurance will cover any orthopedic procedure for a dog. Your pet needs to be at least eight weeks old to be eligible for coverage, but there is no maximum age for buying insurance.
Figo sells an accident and illness plan, as well as a wellness program. Figo is not one of the pet insurance companies that cover pre-existing conditions, but it does cover issues if your pet hasn’t had a symptom for more than 12 weeks. Coverage limits come in three options — $5,000, $10,000, or unlimited.
Spot
When it comes to coverage for a variety of services, Spot is hard to beat. It covers more than most of its competitors, including medically-prescribed diets, microchip implantations, behavioral therapies, dental issues, and alternative treatments.
Spot has a 14-day waiting period for every service it offers, including ligament issues. You can buy insurance once your pet is eight weeks old, and Spot doesn’t impose a maximum age limit for its insurance.
You can purchase accident and illness, accident-only, and wellness plans. Spot has one of the lowest coverage limits available for pet owners looking to stay on a budget — the minimum coverage is $2,500.
ASPCA
The American Society for the Prevention of Cruelty to Animals (ASPCA) is well-known for its shelters and efforts to collect charitable donations on behalf of animals. It also offers reliable insurance to help protect the animals in your home.
ASPCA insurance has one of the shortest waiting periods, a mere 14 days for all services. That includes procedures or services for illnesses, surgeries, accidents, and ligament injuries. ASPCA requires pets to be at least eight weeks old, and there is no upper age limit.
Unlike many pet insurance companies, ASPCA offers coverage for horses. You can buy an accident and illness, accident-only, or wellness plan, and coverage starts at $5,000.
Read more: Shelter General Insurance Company Review
Compare Insurance Providers Rates to Save Up to 75%
Secured with SHA-256 Encryption
How much does pet insurance cost?
The amount you’ll pay for pet insurance depends on several factors, including your pet’s age, breed, and the amount of coverage you want. One of the biggest factors that impacts your rates is whether you have a dog or cat — pet insurance for dogs usually costs more than pet insurance for cats.
Personalized quotes are the only way to see exactly how much you’ll pay for insurance, but you can check the average monthly rates for cat insurance and dog insurance companies below:
- Lemonade: $11 for cats, $20 for dogs
- Pets Best: $24 for cats, $28 for dogs
- Figo: $18 for cats, $31 for dogs
- Petplan: $43 for cats, $47 for dogs
- ASPCA: $20 for cats, $37 for dogs
- Spot: $35 for cats, $47 for dogs
- Healthy Paws: $12 for cats, $27 for dogs
Most companies allow customers to choose their deductible, which is the portion you have to pay before your coverage kicks in. If you choose a higher deductible, you’ll save on your insurance. Many companies also offer discounts to help you save. Some of the most common discounts offered include:
- Multi-pet: If you have more than one animal living with you, you can save by adding them to the same policy.
- Paid-in-full: You can earn a small discount from most companies if you pay for your entire policy at once instead of in monthly increments.
- Spay/neuter: Many companies offer a discount if you’ve had your pet spayed or neutered to encourage safe health practices for pets.
- Military: Many companies offer a discount for active and retired military members.
While these are some of the most commonly offered discounts, the company you choose might have other options. Make sure to ask a representative to see what your company can offer you.
Read more: How much does it cost to spay a dog?
What does pet insurance cover?
What does pet insurance cover?Pet health insurance isn’t the same as health insurance for people. It does cover your pet’s medical bills and emergency vet visits; however, most policies require you to pay for any vet services upfront or find a clinic that will postpone payments. After the veterinarian service is complete, your policy will reimburse you.
While pet insurance is a valuable tool in caring for your pet, it doesn’t cover everything. Does pet insurance cover surgery? Coverage varies by company, but most pet insurance policies include the following:
- Emergency procedures: Common emergency procedures covered by pet insurance include surgery, hospitalization, nursing care, endoscopies, and chemotherapy.
- Chronic illness: Chronic illnesses covered by your insurance include allergies, arthritis, and skin conditions.
- Serious illness: Illnesses that qualify as serious include cancer, heart disease, and diabetes.
- Accidents and injuries: ACL ruptures, poisoning, bites from other animals, and sprains are usually covered by your insurance.
- Common illnesses: Although they’re less threatening, pet insurance usually covers medical attention for things like infections, vomiting, and diarrhea.
- Diagnostic testing: Diagnostic testing is an essential part of your pet’s health, so insurance typically covers X-rays, blood tests, ultrasounds, CT scans, and MRIs. (read our “Will pet insurance pay for pet scans?” for more information)
- Hereditary conditions: Some pets — especially dogs — are at a higher risk for genetic problems due to breeding practices. Most dog health insurance plans cover hereditary issues like hip dysplasia or eye and blood disorders.
- Dental coverage: Usually sold as an add-on, dental covers illnesses like gum disease or accidents like broken teeth.
- Wellness services: Another add-on, wellness services cover things like vaccinations, spay/neuter surgery, and heartworm medications.
- Behavioral therapy: Pet insurance usually covers treatment for behavioral problems like aggression, destructive chewing, and excessive barking.
Like all other types of insurance, most companies sell add-ons for pet policies. While add-ons can significantly increase the coverage for your pet, they also increase your rates. Because of this price increase, you should only buy the coverage you need and can afford.
While pet insurance covers a lot, it doesn’t cover everything. For example, will pet insurance pay for grooming? Pet insurance usually doesn’t cover grooming services, but it’s not impossible to find a policy that will reimburse you for at least part of the cost.
How do you choose the best pet insurance plan?
When you’re ready to buy a pet insurance policy, there are a few steps you should take to ensure you find the right plan. Follow these easy steps to find the best policy for your pet:
- Check your pet’s eligibility. Most companies require animals to be at least a few weeks old before you can buy a policy for them, while others won’t start a new plan for senior animals.
- Pick your coverage. You’ll need to choose how much coverage you want in your plan. More coverage better protects your pet but costs more.
- Understand how your plan works. Most pet insurance companies reimburse you after you’ve paid for a vet’s services. You usually get to pick how much you want to be reimbursed, with higher percentages costing more.
- Pick the right waiting period. It’s best to buy insurance before you need it so you don’t need to worry about wait periods. If you’re looking for immediate coverage, you’ll need to find a company with short waiting periods.
- Compare quotes. You saw above that rates vary by company. The best way to find the cheapest policy is to compare quotes with as many companies as possible.
If you need additional help finding a good pet insurance policy, you should ask your vet. They might have a preferred company that makes health care service for your pet easier, but they’ll certainly be able to make a recommendation for your animal.
Compare Insurance Providers Rates to Save Up to 75%
Secured with SHA-256 Encryption
Find the Best Pet Insurance Today
Often, pet caregivers overlook American Pet Insurance Company until faced with unforeseen events. However, acquiring coverage beforehand can assist in handling healthcare expenses. Many insurance plans from the American Pet Insurance Company are budget-friendly, ensuring your pet receives the deserving care
Like all other types of insurance, you shouldn’t buy the first plan you see. The only way to make sure you find the best pet insurance for your furry family member is to compare as many plans as possible.
Frequently Asked Questions
How much does a good pet insurance plan cost?
Pet owners typically spend $11 to $70 per month for their insurance policies. Rates can differ depending on individual circumstances, including the age and health condition of the pet, as well as the specific insurance provider. Consider your pet’s needs and compare different insurance plans to find the most suitable option for you.
Is it worth shopping around for pet insurance?
Shopping around for pet insurance is the best way to find an affordable policy with the right coverage options for your animal. Pet insurance policies vary significantly, so you might pick the wrong plan if you don’t compare your options.
What is the best dog insurance?
When determining the most suitable insurance policy for your dog, several factors come into play. The ideal choice depends on various elements, including your dog’s specific needs, breed, age, and overall health. While numerous insurance companies offer coverage for pets, some renowned and highly regarded ones include Pets Best, Figo, ASPCA, and Spot.
What are the disadvantages of pet insurance?
Pet insurance comes with the risk of paying for coverage you never use. Pet insurance doesn’t cover everything, so you’ll have to pay for some services yourself. A final disadvantage is that most plans only reimburse you rather than pay for everything upfront.
Can I customize my pet insurance coverage?
Yes, many pet insurance providers offer customizable plans that allow you to select the coverage options that best suit your pet’s needs and your budget. This flexibility ensures you can find a plan that meets your specific requirements.
Does pet insurance cover pre-existing conditions?
While coverage for pre-existing conditions can vary among insurance providers, most policies do not cover pre-existing conditions. However, it’s important to review each provider’s policy terms and conditions to understand the specific coverage details.
Compare Insurance Providers Rates to Save Up to 75%
Secured with SHA-256 Encryption
Michael Leotta
Insurance Operations Specialist
Michael earned a degree in Business Management with an insurance focus, which led to a successful 25-year career in insurance claims operations and support. He possesses a high-level of business acumen across multiple areas of the insurance industry. Over the course of his career, he served in multiple roles supporting claims operations including: Claims Specialist, Claims Trainer, Claim Automatio...
Insurance Operations Specialist
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.