Pet insurance can help pay for your pet’s medical treatment, with many policies covering up to 90% of vet expenditures. However, the proportion varies depending on the insurer and your preferences. Furthermore, some treatments and services are not covered. Some policies may include annual or lifetime payment caps, which can mean that some expenditures aren’t covered at all.
Exclusions These problems may help explain why, according to a March 2021 research on pet ownership, only 25% of pet owners obtain pet insurance. It can also be difficult to get complete coverage for your dog or cat at a reasonable monthly rate. To help you save time, we’ve compiled a list of the Best Pet Insurance Companies based on your specific needs and preferences.
What Is Process Of Getting Pet Insurance?
Pet insurance is a policy that requires a monthly payment. When you have pet insurance, you pay the fee upfront and submit a claim for reimbursement if your pet becomes ill or injured. You can take your pet to a licensed veterinarian and then file a claim to be reimbursed for problems covered by your pet insurance policy.
What Is Best Pet Insurance?
The best pet insurance for you will be determined by a number of factors, the most important of which is your budget and the demands of your pet.
Top 12 Best Pet Insurance Companies In 2021
For cats and dogs, the American Society for the Prevention of Cruelty to Animals (ASPCA) provides accident-only, accident and sickness, and preventive care. Riding aficionados may insure their horses as well, but only in a few states.
The ASPCA’s premium rates are among the most reasonable in the business, and the company is also more flexible on certain policy terms than its competitors.
While other policies limit coverage for genetic or congenital disorders based on your pet’s age at enrollment, the ASPCA assures coverage regardless of your pet’s age at enrollment, as long as the conditions aren’t pre-diagnosed. Curable pre-existing conditions are also covered, as long as your pet has been symptom-free for at least 180 days. Other businesses may require you to wait up to a year.
This insurance likewise falls short in terms of claims processing time. Pet care is costly, and waiting 30 days for insurance reimbursement isn’t a strong selling point when some competitors process claims in a matter of days.
2. Healthy Paws
Healthy Paws has a single accident and illness policy for both cats and dogs. There are no per-incident, annual, or lifetime benefit restrictions, and you can select a deductible of $100 to $500.
Healthy Paws’ mobile app allows for speedy claim processing, and most claims are processed within two days. If you cannot afford the first veterinarian charge, it also provides a direct payment alternative rather than reimbursement.
Healthy Paws is best for pets that are enrolled when they are young, as coverage options and reimbursement rates for senior pets are more limited.
Pumpkin provides low-cost plans with the option of adding preventative care packs for young cats and dogs that aren’t covered by basic coverage. For example, the puppy preventive care packs offered by the company include one annual wellness exam charge, four puppy immunizations, and one yearly fecal test.
Pumpkin will also reimburse you for up to four vaccines your puppy may have received prior to being insured under the preventive pack, as well as cover parasite lab testing. These add-ons, known as Pumpkin Preventive Essentials, are not, however, accessible in all states.
Spot makes it simple to maximise coverage for your pet. It is one of the few firms that offers insurance with complete (100 percent) coverage, which means you are not responsible for any bill co-payments. Furthermore, the firm has a very low ($100) deductible option, which cuts your out-of-pocket expenditures for care even further.
However, selecting either a low co-payment or a low deductible will result in higher coverage premiums. And Spot’s charges are already higher than the average for young pets, despite the fact that the company has no maximum age restriction for insuring new animals, which may make it an excellent choice if your furry buddies are elderly.
Embrace is willing to give accident and illness coverage for pets up to the age of 15. After that age, you can still buy insurance, but just for accidents. That is somewhat unusual, as most firms would not cover pets above the age of ten in any form.
As a separate insurance, Embrace does not provide wellness benefits. Instead, pet owners can enrol in the Wellness Rewards programme and donate a set amount to cover preventive care costs. Because unused funds do not roll over to the next year, make sure your annual contributions correspond to the projected amount of preventative care.
Another advantage of Embrace pet insurance is that its deductibles are getting down. If you do not receive a claim reimbursement each year, Embrace will lower your annual deductible by $50. All plans include a 30-day money-back guarantee or a pro-rated reimbursement if a claim is lodged within that time frame.
Because of its 100 percent reimbursement option, FIGO allows pet owners to lower their copayment to 0%. (In general, the lowest copayment offered by other suppliers is 10%.) Figo does not have annual restrictions, but it does have a lifetime maximum – that is, how much it will reimburse you throughout the course of your pet’s life.
Expect to pay higher-than-average rates for a coverage with a 0% copay, unlimited payout benefits, or both. Figo’s coverage limitations on genetic illnesses, as well as the absence of rider choices, are also major negatives. Pet owners can obtain supplemental coverage for vet exam fees, but not for preventative care or wellness.
The Figo Pet Cloud app includes extensive mobile compatibility. You can use the app to call a licenced veterinarian 24 hours a day, manage your pet’s insurance documentation, and make payments, among other things.
Lemonade provides a complete accident and illness policy that may be supplemented with a preventative care rider for annual examinations, immunizations, and heartworm and parasite tests. There is also a separate rider available to cover vet exam bills and alternative treatments such as acupuncture.
Excess premium payments are also donated to NGOs chosen by policyholders through Lemonade. Lemonade is now available in 36 states, but you can stay up to date on the company’s website.
8. Pets Best
Pets Best provides accident and illness insurance as well as a variety of wellness plans to cover your pet’s routine care. Most insurers require pets to be at least eight weeks old before they can be insured, but Pups Best will insure pets as young as seven weeks. There is no upper age limit, so you can acquire coverage for senior pets as well.
Insurers may not typically pay mobility therapies, however Pets Best covers wheelchairs and prosthetic devices when prescribed by a veterinarian to treat a covered injury or sickness.
Pets Best, on the other hand, has bilateral exclusions. If your pet has previously been diagnosed with a problem on one side of its body, such as cataracts in one eye, hip dysplasia, or luxating patellas, Pets Best will not cover the condition if it affects the opposite side later; it is considered a pre-existing condition.
Nationwide is the only pet insurance provider of this size to provide an Avian and Exotic Pet plan. Most birds, reptiles, and small mammals, including goats and pot-bellied pigs, can be covered. (However, any animal not explicitly included on the Nationwide website, even those listed under venomous or endangered species, is ineligible.)
Exotic pet owners must contact 844-244-3691 for a quotation or to enrol, although dog and cat insurance can be obtained immediately from Nationwide’s website. Nationwide offers three accident and illness policy options, as well as two wellness care packages, for these pets.
Trupanion provides a single insurance policy for both cats and dogs. In addition to typical services such as diagnostic tests, surgery, hospitalisation, and prescription medications, coverage includes alternative treatments, dental illnesses, prosthetic devices, and prescription food.
You do not need to file a claim if your veterinarian uses Trupanion’s direct payment programme; Trupanion pays the vet directly. Policyholders no longer have to worry about paying large upfront payments or submitting reimbursement claims, which are common in the pet insurance business.
Trupanion is unaffordable and unflexible – premiums are excessive, and there is just one policy option. Its coverage, on the other hand, is extensive. If you can afford higher-than-average rates, your pet will receive 90% reimbursement on all valid claims and there are no payout restrictions per event, year, or lifetime.
11. Pet Assure
If your pet has a pre-existing ailment that isn’t generally covered by insurance, Pet Assure is the best option. It isn’t strictly pet insurance, but rather a discount plan that offers 25% off all in-house medical care at participating veterinarians with no claims required. There are few limitations, including no waiting periods, deductibles, or annual maximums. You’ll just want to make sure your veterinarian accepts this insurance before enrolling.
Non-medical services, outsourced lab work or other services, food, and drugs are among the rare exceptions. Furthermore, if your veterinarian provides its own discount programme, you cannot combine it with the Pet Assure discount plan.
Pet Assure plans are size-dependent, with options for one small or large pet (depending on weight), numerous animals, or a multi-pet plan that covers up to four animals of any size. The unlimited package includes coverage for five or more animals. By paying annually rather than monthly, you can save around 30%.
24PetWatch provides coverage and wellness plans with quick waiting periods and low deductibles, but the company was unable to make the cut owing to policy constraints. There is just one reimbursement option (80%).
In addition, dogs lose coverage at the age of 10, while cats lose coverage at the age of 12. It’s tough to locate another business ready to start coverage at those ages, thus leaving aged pets uninsured. Furthermore, their plans are significantly more expensive than the competition due to a lack of discounts.