Caring for a sick or injured pet can be very expensive, especially if you don’t have insurance. Perhaps you have heard stories of someone spending tens of thousands of dollars on a pet that is having health problems. For most of us, spending that much on a pet’s health is a non-starter. The good news is that it doesn’t have to be this way.
The Best Pet Insurance Providers for 2021
The NAPHIA reports that pet insurance has an average annual growth rate of 23.4%, suggesting insurance is finally starting to catch up for our furry friends. If you are a new pet owner and are considering a plan for your pet, this list of the best pet insurance providers of 2021 will help you make an informed decision.
1. Pets Best
Standout feature: No maximum age
Pets Best offers a pet insurance plan with three tiers: Essential, Plus and Elite. These plans cover both cats and dogs, and there is no maximum age limit for newly insured pets. Thus, you don’t have to worry that your aging pet won’t be covered. This plan provides accident and illness coverage, and you can add wellness plans which cover essential procedures for your pet. Wellness plans can be added to any tier.
Pets Best plans have an annual deductible ranging from $5,000 to unlimited. Overall, Pets Best has competitive pricing with premiums usually under $50. Plus, plans can be customized so you only pay for what you need.
2. ASPCA Pet Health Insurance
Standout feature: Visit any vet in the U.S. and Canada; no out of network providers for this plan
The ASPCA partners with Crum & Forster Pet Insurance Group to provide the ASPCA Pet Health Insurance plan. After all, an insured pet is a happy and healthy one. This plan covers accidents and illnesses for dogs and offers accident-only coverage for cats.
This plan lets you visit any vet in the U.S. and Canada as there is no network of pet care providers. Plus, there is a 24/7 helpline available. It also has some unique features, such as coverage for horses and coverage of reemergence of conditions.
ASPCA has adjustable annual deductibles, and premiums are affordable. Annual limits are as low as $3,000 for ASPCA plans. Reimbursement under this plan is 70 to 90 percent which is paid via direct deposit or check.
Standout feature: Lifetime per condition deductible
TruPanion offers just one plan for dogs and cats and there are no coverage limits. Plus, it provides direct payment of vet expenses, meaning you don’t have to file a claim after your vet visit. Its plans cover hereditary conditions and also have optional add-ons, including a recovery and care rider and a pet owner assistance package. The latter provides coverage for certain incidents, such as reimbursement for boarding your dog if you are hospitalized.
Premiums for this plan start at $59 for dogs and $39 for cats. It also has a lifetime per condition deductible. What this means is you only pay a deductible if your pet develops a new condition. Otherwise, there are no deductibles; you even have the option of setting your deductible at $0. Once your deductible is reached, the plan pays out 90% for any expenses related to that condition.
Standout feature: Expedited signup and claims filing
Lemonade is a new player in the insurance industry, so it’s no surprise that it is looking to disrupt things. It offers many types of insurance, including homeowners, renters and pet insurance. Its artificial intelligence bot expedites the process so you can get insured and reimbursed in a matter of minutes. But there are also real people available if talking to a robot won’t cut it. Its insurance policy covers important things like diagnostics, procedures and medication.
Reimbursement rates for Lemonade pet insurance are between 70% to 90% and deductibles are between $100 to $500. Annual limits are between $5,000 and $100,000. Monthly rates can be as low as $10 though, making this an affordable and seamless way to provide insurance for your pet.
Standout feature: Virtual sessions with Cesar Millan
Because your favorite furry friend also needs insurance, this plan is here to cover your companion. There are plans for cats, too. Spot gained notoriety when it made celebrity dog trainer, Cesar Millan, the chairman of the company. Millan starred in the reality show “Dog Whisperer” and is now imploring people to get their pets insured. Its plans cover preventive care, accidents and illnesses, hereditary conditions and chronic issues.
Spot also has customizable coverage so you can build a plan that fits the needs of your dog or cat. Specifically, deductibles, annual spend limits, and reimbursement percentages are all customizable. There are also no caps on coverage. Accident-only coverage is available for as low as $15/month. That makes Spot one of the most cost-effective pet insurance plans available.
6. Embrace Pet Insurance
Standout feature: Diminishing deductibles
Embrace offers coverage in a number of areas, “from nose to tail,” as its website says. That includes exams & consultations, cancer treatment, diagnostics, behavior therapy, and more. Plus, Embrace covers dental illness up to $1,000. A 24/7 helpline is available and Embrace distinguishes between curable and incurable conditions to be sure the curable ones are covered. However, that only applies after 12 months without symptoms.
One unique feature of Embrace is its diminishing deductibles. With this feature, each year you don’t receive a claim payment, your deductible is decreased by $50. Outside of that, deductibles can be set between $100 and $1,000. Reimbursements go up to 90% and are capped at $15,000 annually.
Standout feature: Pet Cloud to connect with other pet parents
Figo has three pet insurance plans: Essential, Preferred and Ultimate. It also allows you to add what it calls Powerups to fill in any gaps in your current coverage. It offers coverage for both cats and dogs, and the Ultimate tier has no annual payout limit. Its plans cover a variety of expenses, including emergency and hospitalization, veterinary specialists, diagnostics, dental, hip dysplasia and more.
The first two tiers have annual coverage limits of $5,000 and $10,000, and depending on your plan, up to 100% reimbursement is available. Of course, that will come with a higher premium. Live vet chat is available 24/7 with Figo plans. There is also a Pet Cloud feature that lets you connect with other pet parents.
8. MetLife Pet Insurance
Standout feature: Covers alternative therapies such as acupuncture
MetLife Pet Insurance was previously known as PetFirst Pet Insurance but still offers quality insurance for dogs and cats. It covers unplanned vet expenses for covered accidents and illnesses. Also covered are surgeries and hospital stays, hip dysplasia, chronic illnesses such as cancer, and even alternative therapies, like acupuncture. Indeed, acupuncture for your dog or cat! There is also no maximum age and there is a 24/7 helpline available.
9. Nationwide Pet Insurance
Standout feature: Coverage for exotic animals
Have you been reading this and asking yourself, “What about my hedgehog?” If so, not to worry, because Nationwide pet insurance isn’t limited to cats and dogs. Cats and dogs are covered, but so, too, are birds and exotic animals. That includes gerbils, goats, iguanas, rabbits, and yes, hedgehogs, among others.
Nationwide offers a few different plans, such as Whole Pet and Major Medical. Its Major Medical plan is affordable and covers accidents and illnesses, but reimbursement is capped. Whole Pet, on the other hand, is based on the treatment cost, and you are reimbursed at a percentage. Overall, these plans are affordable and start at $35/month.
While pet insurance is still a relatively new concept, there are already several plans available with many different options. On the plus side, many of them are customizable, allowing you to create a custom plan that works best for your furry family member.
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- North American Pet Health Insurance Association. "Pet Insurance in North America."