The Best Pet Insurance Companies
Our Top Picks
Our team found that the best pet insurance is offered by Lemonade, followed by these companies:
Lemonade
Our top pick: Lemonade
* Annual Limits: $5k-$100k
* Deductibles: $100-$750
* Reimbursement Rates: 70%-90%
* Average Monthly Cost: $41-$52
* Accident Waiting Period: 0–2 days
* Illness Waiting Period: 14 days
Lemonade’s intuitive quote and claims process — assisted by Maya, the company’s artificial intelligence (AI)-driven chatbot — provides an entirely digital and straightforward customer experience unlike other providers in this review.
Pets Best
Best for vet-direct pay: Pets Best
* Annual Limits: $2.5k-Unlimited
* Deductibles: $50-$1k
* Reimbursement Rates: 70%-90%
* Average Monthly Cost: $33-$41
* Accident Waiting Period: 3 days
* Illness Waiting Period: 14 days
Pets Best offers vet-direct pay for approved claims, meaning reimbursement is sent directly to your vet at the time of service if your pet requires care after getting sick or hurt.
Figo
Most affordable: Figo
* Annual Limits: $5k-Unlimited
* Deductibles: $100-$750
* Reimbursement Rates: 70%-100%
* Average Monthly Cost: $22-$27
* Accident Waiting Period: 1 day
* Illness Waiting Period: 14 days
Figo is the most affordable pet insurance provider on our list, with an average monthly cost that’s 52% less than the national average.
Embrace
Best for multiple pets: Embrace
* Annual Limits: Unlimited
* Deductibles: $100-$1k
* Reimbursement Rates: 70%-90%
* Average Monthly Cost: $53-$64
* Accident Waiting Period: Policy effective date
* Illness Waiting Period: 14 days
Embrace is our pick for households with multiple pets, offering a 10% discount on every additional pet you insure under one policy.
ASPCA Pet Health Insurance
Best for lifelong protection: ASPCA Pet Health Insurance
* Annual Limits: $2.5k-$10k
* Deductibles: $100-$500
* Reimbursement Rates: 70%-90%
* Average Monthly Cost: $38-$50
* Accident Waiting Period: 14 days
* Illness Waiting Period: 14 days
ASPCA Pet Health Insurance is an experienced provider offering comprehensive coverage for pets of all ages, including senior animals.
Fetch
Best for comprehensive coverage: Fetch
* Annual Limits: $5k-$15k
* Deductibles: $300-$700
* Reimbursement Rates: 70%-90%
* Average Monthly Cost: $22-$38
* Accident Waiting Period: 15 days
* Illness Waiting Period: 15 days
Fetch offers the best comprehensive pet insurance coverage based on our top picks.
MetLife
Best for Purebreds: MetLife
* Annual Limits: $10k
* Deductibles: $50-$2.5k
* Reimbursement Rates: 70%-100%
* Average Monthly Cost: $40-$50
* Accident Waiting Period: Policy effective date
* Illness Waiting Period: 14 days
MetLife is our pet insurance pick for purebred dogs and cats, thanks to its affordable rates for various breeds.
Spot
Best for customizable coverage: Spot
* Annual Limits: $2.5k-Unlimited
* Deductibles: $100-$1k
* Reimbursement Rates: 70%-90%
* Average Monthly Cost: $51-$68
* Accident Waiting Period: 14 days
* Illness Waiting Period: 14 days
Spot is our pick for the most customizable coverage, with seven annual coverage limit options, five deductible choices and three reimbursement rates.
Healthy Paws
Most affordable for unlimited coverage: Healthy Paws
* Annual Limits: Unlimited
* Deductibles: $250-$1k
* Reimbursement Rates: 50%-80%
* Average Monthly Cost: $35-$49
* Accident Waiting Period: 15 days
* Illness Waiting Period: 15 days
Healthy Paws is worth considering if you’re looking for affordable pet insurance coverage with no annual limit.
Pumpkin
Best for high reimbursement rates: Pumpkin
* Annual Limits: $5k-Unlimited
* Deductibles: $100-$1k
* Reimbursement Rates: 80%-90%
* Average Monthly Cost: $74-$102
* Accident Waiting Period: 14 days
* Illness Waiting Period: 14 days
Pumpkin offers wellness benefits alongside its accident and illness policies for an additional cost.
Methodology
Our team developed a rating methodology that considers factors such as monthly pricing, covered treatments, customer care, industry reputation and more. To accurately rate each provider, we gathered sample insurance quotes using various pet profiles, evaluated customer reviews through third-party aggregators, and surveyed 3,000 pet owners nationwide. We scored each provider on a 100-point scale and calculated an overall rating out of five stars. We considered the following factors:
* Costs and Discounts (22.5%): We collected sample quotes for 10 mixed-breed and purebred dogs and cats ranging from 3 months to 8 years old. * Coverage (22.5%): Companies offering a wide variety of coverage options earn full points in this category. * Covered Treatments (17.5%): Companies that include several treatments and unique coverages as standard receive more points in this category. * Customer Experience (17.5%): We scored each company based on its website accessibility and overall usability, customer service, mobile apps, money-back guarantees and veterinarian telehealth options. * Industry Standing (10%): We reviewed up-to-date ratings and accreditation information from the Better Business Bureau (BBB) and Trustpilot and scored companies based on customer reviews and years of industry experience. * Availability (10%): We considered state availability, international coverage and if a company extends coverage options to breeds considered dangerous. We also consulted key members of the pet insurance industry, including licensed veterinarians.
Rating Results
Here are the top-rated pet insurance companies:
* Lemonade: 4.4
* Pets Best: 4.7
* Figo: 4.5
* Embrace: 4.6
* ASPCA Pet Health Insurance: 4.5
* Fetch: 4.4
* MetLife: 4.3
* Spot: 4.6
Comparison of Costs and Plan Options
Here are the average monthly costs for dogs and cats from our top-rated providers:
* Lemonade: $41-$52
* Pets Best: $33-$41
* Figo: $22-$27
* Embrace: $53-$64
* ASPCA Pet Health Insurance: $38-$50
* Fetch: $22-$38
* MetLife: $40-$50
* Spot: $51-$68
* Healthy Paws: $35-$49
* Pumpkin: $74-$102
Here are the available plan options for each provider:
* Lemonade: Accident-and-illness and wellness care
* Pets Best: Accident-and-illness, accident-only and wellness care
* Figo: Accident and illness, wellness care
* Embrace: Accident-and-illness, accident-only and wellness care
* ASPCA Pet Health Insurance: Accident-and-illness, accident-only and wellness care
* Fetch: Accident-and-illness and wellness care
* MetLife: Accident-and-illness and wellness care
* Spot: Accident-and-illness, accident-only and wellness care
* Healthy Paws: Accident and illness
* Pumpkin: Accident-and-illness and wellness care
Conclusion
We hope this article has helped you find the best pet insurance company for your furry friend. Remember to always research and compare different providers before making a decision. With so many options available, it’s essential to choose a company that meets your pet’s needs and budget.
news is a contributor at Roll Pet. We are committed to providing well-researched, accurate, and valuable content to our readers.
