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Pet insurance helps you pay some vet bills when your animal friend is hurt or sick. You have to be careful when you buy pet insurance because the policies aren’t the same, and there are so many options that it’s hard to compare. As an example: Some policies only cover treatment after an accident, and others cover both an accident and an illness.
It may be cheaper to buy an accident-only plan, but it won’t help you if your pet gets sick. Many pet insurance plans have exclusions, age limits, payout limits, and waiting periods before your coverage starts.
Some people may also pay more of your vet bills than others. Some companies cover annual vaccinations and wellness visits, but extras like coverage to pay for lost pets. You’ll pay more for these extras, but it’s not always true. We’ve placed together this list of the top pet insurance companies in the United States to help you figure out which one is best for you.
Pet insurance companies to think about
If you want to learn more about major pet insurance companies, look at the pros and cons below. This is a general overview of each company’s offers, but the specifics may be different in each state.
Figo
Figo has three accident and illness plans, each with a different annual reimbursement cap. These plans range from $5,000 to unlimited, and each has a separate cap (in most states). Figo’s coverage isn’t comprehensive, but it does include non-routine dental care, holistic treatments, and genetic conditions. Then, you can choose even more options, like health care and insurance for veterinary exams.
Figo has waiting periods of one day for injuries, 14 days for illnesses, and six months for orthopedic conditions for dogs. These are the times when dogs need to be seen by a vet. Getting an orthopedic exam from your vet can get you out of those six months. A $50 deductible will be taken off each year. You don’t file an insurance claim until it’s just $50. If you make a claim, the deductible will be the same amount for the next renewal term.
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Bivvy
Most pet insurance companies make your rate based on your pet’s age, size, and breed, but Bivvy is different. Bivvy doesn’t make your rate based on these things. Every pet in a given state is charged the same low rate for accident and illness insurance, even if they live in different forms. Typically, it costs between $10 and $15 a month. This is a lot less than the average cost of accident and illness insurance in the United States. What’s the deal? There isn’t as much room for you to make your policy unique, and the coverage is usually less than what other providers offer.
As a case study, here’s one: As long as you live in Colorado, you can get a single plan from Bivvy that will pay up to $2,000 a year in covered expenses and up to $1,000 for one illness or injury. A dog was punched by a car and needed surgery that cost $5,000. Bivvy would pay $1,000 for the surgery. Even for small expenses, Bivvy’s insurance may not cover as much as other companies, with a 50% reimbursement rate in some states. Most insurance companies pay 70% to 90% of the cost. The low monthly fee may be worth it if you have a dog.
Lemonade
If you want to do everything online, Lemonade’s digital-first service is good. If you’re going to buy a policy, you can only do it online or through an app. There isn’t a way to buy it over the phone. If you use the app, you’ll also be able to file claims, and about 30% of them will be paid right away, the company says. It takes a flat fee from each premium to make money. The rest goes to pay claims. If there’s money left over at the end of the year, the company donates it to nonprofit groups chosen by policyholders, and the money goes to them.
Embrace
Embrace is more generous with its coverage than many other pet insurance providers. Chiropractic care, acupuncture, physical therapy, and other alternative therapies are part of its standard plan for accidents and illnesses, but they can also be added. As long as a vet is providing the behavioral treatment, it will pay for the exam fees and reimburse you for the cost of the treatment.
AKC
Insurance from the American Kennel Club doesn’t just cover registered purebred dogs. They also cover dogs that aren’t registered. Dogs and cats of all kinds can sign up for the group’s policies, including optional add-ons for exam fees, wellness coverage, and funeral costs.
If you join the AKC when you get a new dog, you can get 30 days of free pet insurance. If you want to get an older pet, you might not want to go with the AKC. When you sign them up for insurance, pets at least nine years old are only covered if they get hurt. These are people who signed up after they were two years old. They can’t get coverage for hereditary or congenital conditions already there.
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Healthy Paws
One thing that makes Healthy Paws stand out is that its policies have no annual or lifetime limits. It also pays quickly, with most claims being processed in a few days. Healthy Paws has a single plan covering both accidents and illnesses and alternative therapies and hereditary problems.
When someone gets hurt, they usually have to wait 15 days before going back to work, which is shorter than most states. However, hip dysplasia isn’t covered for the first 12 months of the policy, and it isn’t covered at all for pets that are six or older when they sign up for the procedure. You might not have to pay the whole amount at once if your vet works with Healthy Paws. You might not have to pay the entire amount at once if your vet works with Healthy Paws.
ASPCA
American Society for the Avoidance of Brutality to Animals is well-known for its animal shelters. But it also has good pet insurance plans through its insurance partners. Prescription food, holistic treatments, and behavioral therapy are all covered by this plan. Other companies don’t cover these things.
It doesn’t matter if you have medical records or have a vet exam to get in. The waiting period for cruciate injuries is just 14 days. A lot of businesses have waiting lists that last six months. There is a 10% discount for having more than one pet.
MetLife
MetLife Pet Insurance used to be called PetFirst, but now it has a good accident and illness plan that you can customize with different deductibles, reimbursements, and coverage amounts. You can also get health insurance. Hereditary and inherent terms, as well as alternative therapies, are covered in this book. The plan doesn’t have any time limits.
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