Best Pet Insurance Companies Of July 2024 (2024)

Table of Contents
Compare Pet Insurance Companies How We Chose the Best Pet Insurance The Best Pet Insurance Companies of July 2024 BEST OVERALL Pets Best BEST FOR HEALTHY PET DISCOUNT Embrace GREAT FOR SUPERIOR BENEFITS Paw Protect GREAT FOR SHORT WAITING PERIOD FOR ACCIDENT COVERAGE Figo BEST FOR CHOICES OF ANNUAL COVERAGE Spot GREAT FOR BOARDING FEES Fetch GREAT FOR UNLIMITED ANNUAL COVERAGE Healthy Paws GREAT PRICES FOR DOGS AND CATS Lemonade How to Find the Best Pet Insurance Company Plan Type Coverage Levels Waiting Periods Pet Insurance Discounts Other Pet Insurance Comparison Factors Case Study: Finlay’s Cancer Battle How Much Does Pet Insurance Cost? Pet Insurance Cost Comparison by Company Factors That Determine Pet Insurance Cost How Much Does Pet Insurance for Dogs Cost? How Much Does Pet Insurance for Cats Cost? Is Pet Insurance Worth It? How to Buy a Pet Insurance Plan Consider Your Pet’s Potential Health Problems Determine What Policy Features Are Important to You Compare Quotes for Plans That Match Your Wish List We Answer Your Questions My pet was injured while we were on vacation and treated by a vet in a different state. Will pet insurance cover my vet bills? Will pet insurance pay for prescription food? Can I still buy pet insurance for a senior dog? Methodology Best Pet Insurance Frequently Asked Questions (FAQs) Is pet insurance worth it? What is the best dog insurance? What is the best cat insurance? Do all vets take pet insurance? Next Up In Pet Insurance FAQs References

Best Pet Insurance Companies Of July 2024 (2)

Jason MetzLead Editor, Insurance

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others make well-informed decisions.

  • Best Pet Insurance Companies Of July 2024 (4)

Jason Metz

Best Pet Insurance Companies Of July 2024 (5)

Jason MetzLead Editor, Insurance

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others make well-informed decisions.

  • Best Pet Insurance Companies Of July 2024 (7)

Lead Editor, Insurance

Best Pet Insurance Companies Of July 2024 (9)

Dr. Sarah ReidenbachPet Insurance Expert

Dr. Sarah Reidenbach is a veterinarian and co-founder of Ruthless Kindness, a nonprofit that works with human service partners, such as district attorneys offices, family justice centers, women’s shelters, rape crisis centers and victim advocacy organization to remove barriers for abuse victims seeking safety. About 50% of people in crisis will not seek safety unless they can bring their pets with them.

Dr. Reidenbach worked in human factor research at NASA Ames Research Center and has since worked exclusively in the nonprofit sector. She has held positions as a veterinary fellow at San Francisco SPCA, Medical Director at Berkley Humane, Veterinary Director at the Humane Society of Sonoma County and Executive Director of Sonoma Community Animal Response Team.

She lives in Sonoma County with her family, including farm and companion animals. Dr. Reidenbach’s vision is to prevent suffering and heal trauma for the most vulnerable animals and people. She hopes to help all animals and people access fundamental services through systemic changes, innovative programs, and through navigating systems such as pet insurance. Her work is grounded in the belief that empathy and justice are antidotes to the challenges we currently face.

Expert Reviewed

Dr. Sarah Reidenbach

Best Pet Insurance Companies Of July 2024 (11)

Dr. Sarah ReidenbachPet Insurance Expert

Dr. Sarah Reidenbach is a veterinarian and co-founder of Ruthless Kindness, a nonprofit that works with human service partners, such as district attorneys offices, family justice centers, women’s shelters, rape crisis centers and victim advocacy organization to remove barriers for abuse victims seeking safety. About 50% of people in crisis will not seek safety unless they can bring their pets with them.

Dr. Reidenbach worked in human factor research at NASA Ames Research Center and has since worked exclusively in the nonprofit sector. She has held positions as a veterinary fellow at San Francisco SPCA, Medical Director at Berkley Humane, Veterinary Director at the Humane Society of Sonoma County and Executive Director of Sonoma Community Animal Response Team.

She lives in Sonoma County with her family, including farm and companion animals. Dr. Reidenbach’s vision is to prevent suffering and heal trauma for the most vulnerable animals and people. She hopes to help all animals and people access fundamental services through systemic changes, innovative programs, and through navigating systems such as pet insurance. Her work is grounded in the belief that empathy and justice are antidotes to the challenges we currently face.

Pet Insurance Expert

Expert Reviewed

Updated: Jul 1, 2024, 5:23am

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

We evaluated 10 policies and found that Pets Best, Embrace and Paw Protect are the top three best pet insurance companies.

A solid pet insurance plan covers major medical emergencies like getting struck by a vehicle, cancer treatment, torn ligaments and swallowed foreign objects. It also covers common health problems like digestive issues and ear infections. You’ll find that pet insurance companies offer a wide variety of coverage types and benefits.

To help you narrow your options, we analyzed the best pet insurance for discounts, superior benefits, short waiting periods and more.

Read more

Recommended Reading

  • Best Cheapest Pet Insurance Companies
  • Best Pet Insurance Wellness Plans For Routine Care
  • Best Emergency Pet Insurance
  • Compare Pet Insurance Quotes

Show Summary

  • Compare Pet Insurance Companies
  • How to Find the Best Pet Insurance Company
  • How Much Does Pet Insurance Cost?
  • How to Buy a Pet Insurance Plan
  • Methodology
  • Best Pet Insurance Frequently Asked Questions (FAQs)

Compare Pet Insurance Companies

Editors’ TakeCompanyCompany - LogoForbes Advisor RatingForbes Advisor Rating
Best overallPets BestBest Pet Insurance Companies Of July 2024 (13)5.0Best Pet Insurance Companies Of July 2024 (14)
Best for healthy pet discountEmbraceBest Pet Insurance Companies Of July 2024 (15)4.5Best Pet Insurance Companies Of July 2024 (16)
Great for superior benefitsPaw ProtectBest Pet Insurance Companies Of July 2024 (17)4.5Best Pet Insurance Companies Of July 2024 (18)
Great for short waiting period for accident coverageFigoBest Pet Insurance Companies Of July 2024 (19)4.3Best Pet Insurance Companies Of July 2024 (20)
Best for choices of annual coverageSpotBest Pet Insurance Companies Of July 2024 (21)4.3Best Pet Insurance Companies Of July 2024 (22)
Good for boarding feesFetchBest Pet Insurance Companies Of July 2024 (23)4.1Best Pet Insurance Companies Of July 2024 (24)
Great for unlimited annual coverageHealthy PawsBest Pet Insurance Companies Of July 2024 (25)4.1Best Pet Insurance Companies Of July 2024 (26)
Great prices for dogs and catsLemonadeBest Pet Insurance Companies Of July 2024 (27)4.1Best Pet Insurance Companies Of July 2024 (28)

How We Chose the Best Pet Insurance

The Best Pet Insurance Companies of July 2024

BEST OVERALL

Pets Best

5.0

Best Pet Insurance Companies Of July 2024 (30)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$5,000, Unlimited

Average monthly cost for Unlimited coverage

$44 for dogs; $25 for cats

Deductible choices

$50, $100, $200, $250, $500, $1,000

Compare Plans

$5,000, Unlimited

$44 for dogs; $25 for cats

$50, $100, $200, $250, $500, $1,000

Editors’ Take

We were impressed by Pets Best because it combines solid basic coverage with the lowest prices for unlimited annual coverage among the companies we analyzed. Its wide range of deductible choices can help you budget for possible claims. You’ll also be able to add a wellness plan for routine pet care expenses.

  • Accident coverage waiting period of only 3 days.
  • Has a 24/7 pet telehealth line.
  • Can pay the vet directly if the vet agrees.

Our rating is based on Pets Best’s Essential plan. For broader coverage (at a higher price), consider the Pets Best Plus or Elite plan.

More: Pets Best Pet Insurance Review

Expert’s take

From my experience, Pets Best offers comprehensive coverage that is particularly beneficial for breeders and new pet owners. Their plans are customizable, which allows for flexibility depending on specific needs, such as covering congenital conditions, which is essential for certain breeds.

– Bricks Coggin, CEO of ABCs Puppy Zs

Drawbacks

  • The Essential plan does not cover the vet exam fee, but you can get that coverage by choosing the Plus or Elite plan.
  • 6-month waiting period for coverage of cruciate ligament issues.
  • The Essential plan does not cover behavioral or alternative therapies, but the Pets Best Elite plan will cover acupuncture and chiropractic care if your pet needs rehabilitation.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%

Waiting periods

3 days for accidents; 14 days for illnesses; 6 months for cruciate ligament conditions

Multipet discount

5%

Euthanasia or end of life expenses

Included

Vet exam fees

Only with Plus and Elite plans

Microchipping

Yes, if you purchase a wellness plan

BEST FOR HEALTHY PET DISCOUNT

Embrace

4.5

Best Pet Insurance Companies Of July 2024 (34)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$5,000, $8,000, $10,000, $15,000, Unlimited

Average monthly cost for Unlimited coverage

$76 for dogs; $47 for cats

Deductible choices

$100, $250, $500, $750, $1,000

Compare Plans

Editors’ Take

We like Embrace because it offers a unique way to save on accident and illness plans with its Healthy Pet Discount Program. If your claim reimbursem*nts are less than $300 per pet in the year prior to the discount period, you’ll qualify for a 5% discount in the first year and 10% in the second year for each pet. Embrace will automatically apply the savings to your annual payment or monthly bill.

  • Accident coverage begins at 12:01 a.m. ET the day after you purchase your policy.
  • Covers vet exam fees.
  • Has a 24/7 pet telehealth line and optional wellness plan.
  • Can pay a veterinary hospital directly—but generally only for very large claims where it would be prohibitively expensive to pay and wait for reimbursem*nt.

More: Embrace Pet Insurance Review

Expert’s Take

Embrace stands out for its Wellness Rewards program, which reimburses for routine and preventative care, a feature that encourages pet owners to maintain regular veterinary visits. This can be extremely beneficial in the long term by preventing severe health issues that can lead to high medical costs.

– Bricks Coggin, CEO of ABCs Puppy Zs

Drawbacks

  • Higher-than-average costs compared to top competitors in our analysis.
  • Waiting period of 6 months for coverage of orthopedic conditions, which can be waived if your pet has an orthopedic exam after you purchase a plan.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%

Waiting periods

Accident coverage begins at 12:01 a.m. ET; 14 days for illnesses; 6 months for orthopedic conditions (can be waived with an orthopedic exam)

Multipet discount

10%

Euthanasia or end of life expenses

Included

Vet exam fees

Included

Microchipping

Yes, if you purchase a wellness plan

GREAT FOR SUPERIOR BENEFITS

Paw Protect

4.5

Best Pet Insurance Companies Of July 2024 (38)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$5,000, $10,000, Unlimited

Average monthly cost for Unlimited coverage

$77 for dogs; $47 for cats

Deductible choices

$100, $250, $500

Compare Plans

$5,000, $10,000, Unlimited

$77 for dogs; $47 for cats

$100, $250, $500

Editors’ Take

We like Paw Protect for its excellent coverage benefits, including access to a 24/7 vet telehealth line, the option to add a wellness plan and coverage for veterinarian exam fees. Note that this is the same plan as Embrace.

  • Accident coverage begins at 12:01 a.m. ET the day after you purchase your policy.
  • Covers behavioral therapy.
  • Covers alternative therapy (such as acupuncture).
  • Can pay a veterinary hospital directly—but generally only for very large claims where it would be prohibitively expensive to pay and wait for reimbursem*nt.

More: Paw Protect Pet Insurance Review

Drawbacks

  • 6-month waiting period for coverage of orthopedic conditions, but it can be waived if your pet has an orthopedic exam after you purchase the plan.
  • Higher-than-average costs compared to top competitors.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%

Waiting periods

Accident coverage begins at 12:01 a.m. ET the day after you purchase your policy; 14 days for illnesses; 6 months for orthopedic conditions (can be waived with an orthopedic exam)

Multipet discount

10%

Euthanasia or end of life expenses

Included

Vet exam fees

Included

Microchipping

Yes, if you purchase a wellness plan

GREAT FOR SHORT WAITING PERIOD FOR ACCIDENT COVERAGE

Figo

4.3

Best Pet Insurance Companies Of July 2024 (42)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$5,000, $10,000, Unlimited

Average monthly cost for Unlimited coverage

$59 for dogs; $32 for cats

Deductible choices

$100, $250, $500, $750, $1,000, $1,500

Compare Plans

$5,000, $10,000, Unlimited

$59 for dogs; $32 for cats

$100, $250, $500, $750, $1,000, $1,500

Editors’ Take

We picked Figo due to its short 1-day waiting period for accident coverage. It also offers a wide variety of coverage, reimbursem*nt and deductible options so you can work within your budget.

  • Offers a 100% reimbursem*nt option.
  • Has a 24/7 pet telehealth line.
  • Routine wellness plan available.

More: Figo Pet Insurance Review

Expert’s Take

I love that Figo has a variety of solutions and tools for pet owners to care for their pets. Figo goes beyond just pet insurance and takes a more holistic approach to pet care.

– Beth Tofel, Co-Founder and President of FootprintID and PawprintID

Drawbacks

  • Coverage for vet exam fees can be added but for an extra cost. Some top competitors include this in the base coverage.
  • 6-month waiting period for orthopedic problems, but can be waived if your vet signs an orthopedic conditions waiver within the first 30 days of the policy.
  • No option to pay the vet directly.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%, 100%

Waiting periods

1 day for accidents; 14 days for illnesses; 6 months for orthopedic conditions (can be waived with an orthopedic waiver within the first 30 days of the policy)

Multipet discount

5%

Euthanasia or end of life expenses

Included

Vet exam fees

Yes, if you purchase the Veterinary Exam Fees Powerup

Microchipping

Yes, if you purchase the Wellness and Preventative Coverage Powerup

BEST FOR CHOICES OF ANNUAL COVERAGE

Spot

4.3

Best Pet Insurance Companies Of July 2024 (46)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$2,500, $3,000, $4,000, $5,000, $7,000, $10,000, Unlimited

Average monthly cost for Unlimited coverage

$96 for dogs; $46 for cats

Deductible choices

$100, $250, $500, $750, $1,000

Compare Plans

$2,500, $3,000, $4,000, $5,000, $7,000, $10,000, Unlimited

$96 for dogs; $46 for cats

$100, $250, $500, $750, $1,000

Editors’ Take

We found that Spot has an enviable selection of annual coverage choices and deductible options. You can customize coverage levels in order to get to a monthly cost that fits your budget.

  • Has a 24/7 pet telehealth line.
  • Includes coverage for behavioral and alternative therapies.
  • No special waiting periods for problems like cruciate ligament conditions.
  • Can pay the vet directly if you make a request and the veterinarian allows for direct payment.

More: Spot Pet Insurance Review

Expert’s take

Both Spot and Figo have the same underwriting relationships, so you’ll see pretty comparable rates across both. They have a variety of plans and you can choose the ones that suit your needs and budget best.

– Beth Tofel, Co-Founder and President of FootprintID and PawprintID

Drawbacks

  • High average price for unlimited annual coverage.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%

Waiting periods

14 days for accidents and illnesses; no special waiting period for problems like orthopedic conditions

Multipet discount

10%

Euthanasia or end of life expenses

Included

Vet exam fees

Included

Microchipping

Included

GREAT FOR BOARDING FEES

Fetch

4.1

Best Pet Insurance Companies Of July 2024 (50)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$5,000, $10,000, $15,000

Average monthly cost for Unlimited coverage

$47 for dogs; $43 for cats

Deductible choices

$300, $500, $700

Compare Plans

$5,000, $10,000, $15,000

$47 for dogs; $43 for cats

$300, $500, $700

Editor's Take

We like Fetch because it includes coverage for boarding/kennel fees if you are hospitalized for four or more days, up to $1,000. That’s a benefit you won’t find at most pet insurance companies. While Fetch has limited annual coverage and longer waiting periods compared to top competitors, we like its low prices.

  • Optional wellness plan available.
  • Covers vet exam fees.
  • Covers advertising fees and a reward if your pet is lost or stolen, up to $1,000.
  • Covers vacation cancellation fees if you have to stay home due to a sick pet.

More: Fetch Pet Insurance Review

Expert’s Take

Fetch does not restrict age, making it an excellent option for older pets, a factor many of my clients find appealing. Their straightforward claim process and responsive customer service also make it popular among pet owners.

– Dr. Sabrina Kong, DVM and staff veterinary writer at WeLoveDoodles

Drawbacks

  • 15-day waiting period for accidents and illnesses.
  • 6-month waiting period for coverage for pre-existing cruciate ligament issues and hip dysplasia. (The problem may be covered if the issue occurs within 30 days of your policy purchase and there’s documentation that it’s a new condition.)
  • No 24/7 vet helpline.
  • No option to pay the vet directly.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%

Waiting periods

15 days for accidents and illnesses; 6 months for cruciate ligament issues and hip dysplasia

Multipet discount

No

Euthanasia or end of life expenses

Not included

Vet exam fees

Included

Microchipping

Not included

GREAT FOR UNLIMITED ANNUAL COVERAGE

Healthy Paws

4.1

Best Pet Insurance Companies Of July 2024 (54)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

Unlimited

Average monthly cost for Unlimited coverage

$52 for dogs; $23 for cats

Deductible choices

$100, $250, $500, $750, $1,000

Compare Plans

Unlimited

$52 for dogs; $23 for cats

$100, $250, $500, $750, $1,000

Editors’ Take

We picked Healthy Paws because it offers unlimited annual coverage at a lower-than-average cost compared to other top competitors. But vet exam fees are not covered and pets enrolled at age 6 and older will not be covered for hip dysplasia.

  • No annual coverage limit on claim payouts.
  • Has a 24/7 pet telehealth line.
  • Pays vet directly if you make a request to Healthy Paws in advance of treatment.

More: Healthy Paws Pet Insurance Review

Expert’s Take

Healthy Paws is notable for its straightforward coverage and unlimited benefits with no cap on claims. In my professional circle, it’s highly regarded for its ease of use and quick reimbursem*nt process, which is crucial for managing unexpected medical expenses effectively.

– Bricks Coggin, CEO of ABCs Puppy Zs

Drawbacks

  • Choices for deductibles and reimbursem*nt levels are related to the pet’s age and other factors, but Healthy Paws does not disclose the exact deductible schedule. You have to get a quote to find out your choices.
  • Doesn’t offer wellness or routine care coverage.
  • Doesn’t cover vet exam fees for accidents or illnesses.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

50%, 60%, 70%, 80%, 90%

Waiting periods

15 days for accidents and illnesses; 12 months for hip dysplasia

Multipet discount

No

Euthanasia or end of life expenses

Included

Vet exam fees

Not included

Microchipping

Not included

GREAT PRICES FOR DOGS AND CATS

Lemonade

4.1

Best Pet Insurance Companies Of July 2024 (58)

Our ratings take into account a product's cost, features, ease of use, customer service and other category-specific attributes. All ratings are determined solely by our editorial team.

Maximum annual coverage

$5,000, $10,000, $20,000, $50,000, $100,000

Average monthly cost for Unlimited coverage

$46 for dogs; $27 for cats

Deductible choices

$100, $250, $500, $750

Compare Plans

$5,000, $10,000, $20,000, $50,000, $100,000

$46 for dogs; $27 for cats

$100, $250, $500, $750

Editors’ Take

We like Lemonade due to its very competitive rates for dogs and cats. But you’ll give up some things like a 24/7 vet helpline, and coverage of the vet exam fee is available only by buying an add-on.

  • Lower-than-average prices for dogs and cats.
  • Accident coverage waiting period of only 2 days.
  • Optional wellness plan available.
  • Has live chat for pet health questions seven days a week from 6 a.m. to 12 a.m. ET.

More: Lemonade Pet Insurance Review

Expert’s Take

I love that Lemonade is solely a digital company. Their platform is extremely easy to use, end-user friendly, and their customer service is great.

– Beth Tofel, Co-Founder and President of FootprintID and PawprintID

Drawbacks

  • Many coverage perks are only available as add-ons for extra cost.
  • 6-month waiting period for coverage of cruciate ligaments.
  • No coverage for behavioral or alternative therapy.
  • No coverage for stem cell treatment, prescription food or microchipping.
  • No option to pay the vet directly.

Plan Details

Coverage typePlan details

Reimbursem*nt choices

70%, 80%, 90%

Waiting periods

2 days for accidents; 14 days for illnesses; 6 months for cruciate ligament issues

Multipet discount

5%

Covers euthanasia or end of life expenses

Yes, if you buy the End-of-life and Remembrance add-on

Vet exam fees

Yes, if you buy the Vet Visit Fee add-on

Microchipping

Yes, if you buy the Puppies/Kitten Preventative Care Package

How to Find the Best Pet Insurance Company

With all the variations in pricing and coverage details, it can be challenging to compare pet insurance plans in an apples-to-apples way. We found the best way to do it is by prioritizing the benefits that are the most important to you and then comparing prices among the policies that match your must-haves. Here’s how we chose the best pet insurance.

Plan Type

The first thing we recommend looking at is the plan type. We recommend a comprehensive pet insurance plan that covers accidents and illnesses. Pet insurance can generally be broken down into these plan types.

  • Accident and illness plan. This covers vet bills for accidents (like broken bones) and illnesses (such as cancer, allergies and skin infections).
  • Accident-only plan. This covers accident-related vet expenses, such as broken bones, bite wounds and ingested foreign objects. It does not cover illness-related vet expenses.
  • Pet wellness plans for routine care. This is typically an add-on policy that covers routine vet expenses like annual wellness exams, flea and heartworm prevention, and vaccinations.
  • Comprehensive plan. Sometimes called a “nose-to-tail” policy, this typically refers to an accident and illness plan plus an optional wellness plan.

Related: What Does Pet Insurance Cover?

Compare Plans Available by Company

We recommend looking at valuable benefits like coverage for vet exam fees. Not all insurers include this with their base policies. If having access to a 24/7 vet telehealth line is important to you, we recommend choosing an insurer that provides this benefit. It’s also a good idea to look at insurers that offer optional pet insurance wellness plans for routine care if you want coverage for expenses like annual wellness exams and vaccinations.

CompanyCovers pet exam fees for accidents and illnesses?24/7 vet telehealth line available?Offers optional wellness plan?Offers option to pay vet directly

Pets Best

No (add-on coverage is available)

Yes

Yes

Yes

Embrace

Yes

Yes

Yes

Yes

Paw Protect

Yes

Yes

Yes

Yes

Figo

No (add-on coverage is available)

Yes

Yes

No

Spot

Yes

Yes

Yes

Yes

Fetch

Yes

No

Yes

No

Healthy Paws

No

Yes

No

Yes

Lemonade

No (add-on coverage is available)

No

Yes

No

Coverage Levels

Pet insurance policies will typically offer a range of annual maximums, deductibles and reimbursem*nt levels to choose from. We would prioritize choosing coverage levels you’re comfortable with rather than focusing on price alone. In the event of an expensive claim, you’ll be glad you bought sufficient coverage.

  • Annual maximum coverage. This is the maximum amount that will be paid out for pet insurance claims during the policy period. Common annual maximum coverage amounts include $5,000, $10,000 and unlimited.
  • Deductible. This is the amount you’ll pay toward vet bills before your coverage kicks in. Common deductible choices include $100, $250 and $500.
  • Reimbursem*nt percentage. This is the reimbursem*nt you’ll get back if you make a pet insurance claim. Common reimbursem*nt levels include 70%, 80% and 90%.

Compare What’s Covered by Company

We recommend comparing coverage benefits like behavioral therapy, alternative therapy, microchipping and end-of-life expenses among pet insurers. Some insurers include these coverage types in their base policies or have the option to buy extra coverage.

CompanyCovers behavioral therapy?Covers alternative therapy?Covers microchipping?Covers euthanasia or end-of-life expenses?

Pets Best

No

No

No (add-on coverage is available)

Yes

Embrace

Yes

Yes

No (add-on coverage is available)

Yes

Paw Protect

Yes

Yes

No (add-on coverage is available)

Yes

Figo

No

Yes

No (add-on coverage is available)

No (add-on coverage is available)

Spot

Yes

Yes

Yes

Yes

Fetch

Yes

Yes

Yes

No

Healthy Paws

No

Yes

No

Yes

Lemonade

No

No

No (add-on coverage is available)

No (add-on coverage is available)

Waiting Periods

A waiting period is the time between the policy purchase date and when the coverage begins. If you have a dog, we recommend taking a hard look at any special waiting periods, such as those for cruciate ligament issues. Many policies have a six-month waiting period for this but some insurers will waive this waiting period if you have an orthopedic exam done.

Special waiting periods for orthopedic conditions like hip dysplasia or cruciate ligament issues can range from six to 12 months, but you can find pet insurance with no waiting period for orthopedic conditions. If a long waiting period is a concern, I recommend looking at insurers like ASPCA, ManyPets, Pumpkin, Spot and Trupanion.

– Jason Metz, Lead Editor

Compare Waiting Periods by Company

CompanyAccident waiting periodIllness waiting periodSpecial waiting period

Pets Best

3 days

14 days

6 months for cruciate ligament conditions

Embrace

Accident coverage begins at 12:01 a.m. ET

14 days

6 months for orthopedic conditions (can be waived with an orthopedic exam)

Paw Protect

Accident coverage begins at 12:01 a.m. ET

14 days

6 months for orthopedic conditions (can be waived with an orthopedic exam)

Figo

1 day

14 days

6 months for orthopedic conditions (can be waived with an orthopedic waiver within the first 30 days of the policy)

Spot

14 days

14 days

None

Fetch

15 days

15 days

6 months for cruciate ligament issues and hip dysplasia

Healthy Paws

15 days

15 days

12 months for hip dysplasia

Lemonade

2 days

14 days

6 months for cruciate ligament issues

Pet Insurance Discounts

Pet insurance discounts are a good way to save. Here are discounts we found in our analysis, but they will vary by company:

  • Multipet discount. Many insurers offer a discount if you insure more than one pet.
  • Spay/neuter discount. Some insurers offer discounts to pet owners who have their pet spayed or neutered.
  • Annual pay discount. You can often reduce costs if you pay your annual premium in one lump sum.
  • Military discount. Some insurers offer discounts for military members and veterans.
  • Group discount at work. Some employers offer pet insurance as a voluntary benefit, which could get you a 5% to 10% discount.
  • Bundle discount. You can get up to a 10% discount when you bundle Lemonade pet insurance with a Lemonade renters or homeowners insurance policy.

Pet Insurance Discounts by Company

CompanyMultipet discountMilitary member discountAnnual payment discountOther discounts

Pets Best

5%

No

No

No

Embrace

10%

5% (not available in New York or Tennessee)

No

No

Paw Protect

10%

5%

No

No

Figo

5%

5% (not available in Florida, New York, Tennessee or Washington)

No

No

Spot

10%

No

No

No

Fetch

No

10%

No

10% for AARP members

Healthy Paws

No

No

No

No

Lemonade

5%

No

5%

10% bundling discount with other Lemonade insurance policies

Other Pet Insurance Comparison Factors

Here are two more factors we would look at when buying a pet insurance plan:

  • Exam fees. When you take your pet to the veterinarian for an accident or illness, you pay an exam fee, costing $100 or more depending on your veterinarian and visit type. Make sure the policy covers these exam fees because not all do.
  • Benefits. Look for extra benefits like a 24-hour vet helpline in case your pet gets sick at night. As another example, Nationwide pet insurance members have access to preferred pricing on pet prescriptions at any Walmart pharmacy.

Case Study: Finlay’s Cancer Battle

When my 5-year-old dog Finlay was diagnosed with stage four nasal sarcoma, I was devastated. It began with a severe nosebleed, followed by a CT scan and biopsy. In just a week and a half, our lives were turned upside down. The expenses piled up quickly, from imaging procedures to targeted radiation therapy and countless follow-up visits. In total, we racked up over $10,000 in medical costs. Thankfully, our pet insurance has reimbursed us $8,565 so far. Each approved claim brings a wave of relief because we know we can focus on Finlay instead of the financial stress.

– Mitchell G., Michigan

How Much Does Pet Insurance Cost?

Pet insurance costs an average of $48 for a dog and $28 per month for a cat, according to our analysis of pet insurance costs. That’s for a policy with $5,000 of annual coverage, a $250 deductible and 80% reimbursem*nt level. A policy with unlimited annual coverage, a $250 deductible and 80% reimbursem*nt level costs an average of $68 per month for a dog and $40 per month for a cat.

Pet Insurance Cost Comparison by Company

CompanyCompany - LogoAverage monthly cost for a dogAverage monthly cost for a catLearn More CTA textLearn more CTA below textView More
Pets BestBest Pet Insurance Companies Of July 2024 (61)$46$26Compare PlansVia PetInsurer.com's Secure Website
EmbraceBest Pet Insurance Companies Of July 2024 (62)$78$51Compare PlansVia PetInsurer.com's Secure Website
Paw ProtectBest Pet Insurance Companies Of July 2024 (63)$79$50Compare PlansVia PetInsurer.com's Secure Website
FetchBest Pet Insurance Companies Of July 2024 (64)$47$62Compare PlansVia PetInsurer.com's Secure Website
FigoBest Pet Insurance Companies Of July 2024 (65)$63$33Compare PlansVia PetInsurer.com's Secure Website
Healthy PawsBest Pet Insurance Companies Of July 2024 (66)$57$25Compare PlansVia PetInsurer.com's Secure Website
LemonadeBest Pet Insurance Companies Of July 2024 (67)$40$22Compare PlansVia PetInsurer.com's Secure Website
SpotBest Pet Insurance Companies Of July 2024 (68)$103$48Compare PlansVia PetInsurer.com's Secure Website

Costs are based on a plan with unlimited annual coverage ($15,000 for Fetch and $100,000 for Lemonade), a $250 deductible ($300 for Fetch and $750 for dogs and cats over age seven in several states for Healthy Paws) and 80% reimbursem*nt level for mixed breed dogs and mixed breed cats.

Factors That Determine Pet Insurance Cost

Your pet insurance costs will be determined by factors such as:

  • Annual maximum, deductible and reimbursem*nt level.
  • Pet’s age, breed and gender.
  • Your location.

How Much Does Pet Insurance for Dogs Cost?

The average cost of pet insurance for a dog is $48 per month for $5,000 in annual coverage, a $250 deductible and 80% reimbursem*nt level. A policy with unlimited annual coverage, a $250 deductible and 80% reimbursem*nt level costs $68 per month.

  • Pet insurance for a puppy costs $41 per month for a policy with $5,000 in annual coverage, a $250 deductible and 80% reimbursem*nt level.
  • Pet insurance for a puppy costs $58 for unlimited annual coverage, a $250 deductible and 80% reimbursem*nt level.

How Much Does Pet Insurance for Cats Cost?

The average cost of pet insurance for a cat is $28 per month for $5,000 in annual coverage, a $250 deductible and 80% reimbursem*nt level. A policy with unlimited annual coverage, a $250 deductible and 80% reimbursem*nt level costs $40 per month.

  • Pet insurance for a kitten costs $23 per month for a policy with $5,000 in annual coverage, a $250 deductible and 80% reimbursem*nt level.
  • Pet insurance for a kitten costs $32 per month for unlimited annual coverage, a $250 deductible and 80% reimbursem*nt level.

Ask an expert

Best Pet Insurance Companies Of July 2024 (69)

Dr. Sarah Reidenbach

Advisory Board Member

Is Pet Insurance Worth It?

As a veterinarian, people often express concern to me about the cost of veterinary medicine compared to human medicine. The truth is that human medical services are exponentially more expensive, but most of us are used to having the benefit of health insurance for medical needs. Taking the time to get pet insurance in place can save the stress of large emergency veterinary bills that are so difficult to manage.

Dr. Sarah Reidenbach

Advisory Board Member

How to Buy a Pet Insurance Plan

These simple steps will get you to the best policy for your situation.

Best Pet Insurance Companies Of July 2024 (71)

Consider Your Pet’s Potential Health Problems

Your pet’s age, breed and health history can affect what kind of coverage you want. Consult with your vet about your pet’s susceptibility to certain illnesses or injuries common to the breed. Also consider the pet’s risk of injury if they spend a lot of time outdoors.

Best Pet Insurance Companies Of July 2024 (72)

Determine What Policy Features Are Important to You

Consider what types of problems should be covered by your ideal policy, especially when it comes to potentially expensive problems. Know what you want for the annual coverage limit, deductible amount and reimbursem*nt level.

Best Pet Insurance Companies Of July 2024 (73)

Compare Quotes for Plans That Match Your Wish List

The best way to find a policy within your budget is to compare pet insurance quotes among multiple insurers. You can get free quotes online or you can contact an insurance agent that sells pet insurance.

ASK THE EXPERT

We Answer Your Questions

Best Pet Insurance Companies Of July 2024 (74)

Jason Metz

Insurance Lead Editor

Best Pet Insurance Companies Of July 2024 (75)

Michelle Megna

Insurance Lead Editor

Best Pet Insurance Companies Of July 2024 (76)

Les Masterson

Insurance Editor

My pet was injured while we were on vacation and treated by a vet in a different state. Will pet insurance cover my vet bills?

Arnie S., Jamestown, Rhode Island

Yes, pet insurance covers vet bills for accidents and illnesses with any licensed vet in the U.S. That includes specialty clinics and emergency services.

Jason Metz

Insurance Lead Editor

Will pet insurance pay for prescription food?

Samantha B., Angola, Indiana

Yes, some pet insurers cover prescription food and supplements if it’s prescribed by your vet for a problem covered by your policy, like skin allergies. But some pet insurance companies do not cover prescription food and medication, such as Lemonade.

Michelle Megna

Insurance Lead Editor

Can I still buy pet insurance for a senior dog?

Jake M., New Paltz, New York

Yes, you can buy pet insurance for a senior dog. Since older dogs are more likely to develop health problems, it can be a good way to help offset major vet bills. Some pet insurers have an “upper age limit” for buying a new policy, such as age 14. But if you buy the policy before the insurer’s upper age limit, your dog can have lifetime coverage.

Les Masterson

Insurance Editor

Methodology

To find the best pet insurance we used data provided by PetInsurer.com to score each pet insurance company based on the following:

  • Pet insurance rates (40% of score): We calculated average rates for medium sized mixed breed dogs age 3 months, 2 years, 5 years and 7 years for plans with unlimited coverage, a $250 deductible and a 80% reimbursem*nt level, or the closest options available.
  • Special waiting period (10% of score): Many pet insurance companies have a special waiting period for problems such as cruciate ligament issues and hip dysplasia. Plans that had no waiting period, a waiting period of fewer than six months or the ability to have the waiting period waived scored higher.
  • Direct payment to vet (10% of score): Pet insurance companies that have the ability to pay a vet directly earned points.
  • 24/7 vet health line (10% of score): Insurers that provide access to a 24/7 vet health line earned points.
  • Routine wellness plans (10% of score): Insurers that offer optional wellness plans earned points.
  • Pays veterinary exam fees (10% of score): Plans that cover the vet exam fee received points. Not all insurers cover exam fees, even if the fee is for an illness or accident-related visit.
  • Euthanasia or end of life expenses (5% of score): Insurers that cover end of life expenses, such as euthanasia, cremation or burial fees, received points.
  • Multipet discount (5% of score): Many pet insurance companies offer a discount if you insure more than one pet. Insurers that offer a multipet discount earned points.

Compare Pet Insurance Plans

Get a free quote from the top pet insurance companies in the U.S.

Get Quotes

Read more: How Forbes Advisor Rates Pet Insurance Companies

Best Pet Insurance Frequently Asked Questions (FAQs)

Is pet insurance worth it?

We found the best way to determine if pet insurance is worth it is to consider how an unexpected vet bill could impact your personal finances. For example, if you’ve been paying about $50 per month for dog insurance for three years, you’ve paid $1,800 in pet insurance premiums.

Let’s say your dog swallowed a tennis ball and surgery cost $3,500. If you have a $250 deductible and 80% reimbursem*nt level, your out-of-pocket cost for treatment would be $900 ($250 deductible + 20% of $3,250 = $900). Adding up the premium for three years and what you’ve paid toward treatment, you’ve paid $2,700 and avoided paying $800 by having pet insurance.

What is the best dog insurance?

We found that Pets Best is the best dog insurance company because of its solid coverage options and low prices for unlimited annual coverage among the companies we evaluated. Dog owners will find a 24/7 vet telehealth line, the option to add a wellness plan and the ability to pay the vet directly, which can help keep out of pocket expenses low.

Other pet insurance companies that scored well in our analysis include Embrace, Paw Protect, Fetch, Figo, Healthy Paws, Lemonade and Spot.

What is the best cat insurance?

We found that Pets Best is the best cat insurance due its competitive prices and coverage options. These include access to a 24/7 vet telehealth line, an optional wellness plan and the ability to pay the vet directly.

Other insurers that were among our winners for best cat insurance companies include Embrace, Paw Protect, Spot, Figo and Healthy Paws.

Do all vets take pet insurance?

All vets take pet insurance in the sense that pet insurance is generally reimbursem*nt-based, meaning you’ll pay the veterinarian bills up-front and then submit a claim to your pet insurance company for reimbursem*nt. So in most cases the veterinarian does not interact at all with the insurance company.

Some pet insurance companies pay the vet directly, which can reduce your out-of-pocket costs and you won’t have to wait for an insurance claims check.

Next Up In Pet Insurance

  • Best Cheap Pet Insurance Of 2024
  • Best Pet Insurance Wellness Plans For Routine Care Of 2024
  • Compare Pet Insurance Quotes
  • Best Emergency Pet Insurance Of 2024
  • Best Pet Insurance For Cats And Kittens Of 2024
  • Best Pet Insurance For Older Dogs Of 2024

Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circ*mstances. We do not offer financial advice, advisory or brokerage services, nor do we recommend or advise individuals or to buy or sell particular stocks or securities. Performance information may have changed since the time of publication. Past performance is not indicative of future results.

Forbes Advisor adheres to strict editorial integrity standards. To the best of our knowledge, all content is accurate as of the date posted, though offers contained herein may no longer be available. The opinions expressed are the author’s alone and have not been provided, approved, or otherwise endorsed by our partners.

Best Pet Insurance Companies Of July 2024 (2024)

FAQs

Why is trupanion so expensive? ›

Trupanion's pricing is likely higher than average because all plans include unlimited coverage and a 90% reimbursem*nt rate. Your plan cost will vary depending on where you live and your pet's breed, age and species. Premiums may also increase incrementally each year as your pet ages.

What is the best level of pet insurance? ›

Lifetime policies

These policies cover your pet for their entire life, taking care of expenses for both illnesses and injuries. Although they are the most expensive option, they offer the highest level of protection, with coverage limits that reset annually upon policy renewal.

When should I set up pet insurance? ›

It is typically recommended that you sign your pet up for an insurance plan as early as possible, even as soon as the day you bring them home. This can help limit the number of items categorized as pre-existing conditions.

What age is best to get pet insurance? ›

"There is no upper age limit for coverage or enrollments." "You may enroll your dog or cat as early as 7 weeks of age," insurer Pets Best says. "Like children, young dogs and cats have the highest risk of accidents. And because their immune systems aren't mature, they're more susceptible to infectious diseases.

Which is better, healthy paws or Trupanion? ›

Both providers offer unlimited coverage, and neither covers preventive care. Overall, Trupanion and Healthy Paws have similar coverage and exclusions. If you want more coverage options and deductible flexibility, Trupanion is a good choice. If you're looking for more affordable plans, consider Healthy Paws.

Is Trupanion in trouble? ›

Trupanion has generated losses since its inception and last December reported an accumulated deficit of $172 million.

How much should I be spending on pet insurance? ›

Average Pet Insurance Cost

According to our research, pet insurance costs $720 a year for dogs and $384 for cats, with an overall average monthly cost of around $46 per month. To determine pricing, our team secret-shopped with 21 national pet insurance providers and gathered over 17,330 quotes in all 50 U.S. states.

What is the most expensive pet to insure? ›

Generally, the bigger your dog, the more expensive its pet insurance premiums. The most expensive breeds to insure include Newfoundland, Dogue De Bordeaux, and Jack Russell terrier. You can cut pet insurance premiums by paying your premium in full and shopping around for pet insurance.

Does pet insurance get more expensive with age? ›

Be aware that rates tend to increase as your pet gets older and more prone to health issues. If the plan gets too expensive for your budget, you might end up canceling the coverage just when your pet is starting to need it most.

Is pet insurance tax deductible? ›

Is pet insurance tax deductible? Pet insurance may be tax deductible. For example, pet insurance can be tax deductible if your pet is a service animal or performs in a way that contributes to your annual income.

How do I get the best out of my pet insurance? ›

These three tips will ensure you get the best experience possible.
  1. Pay Upfront Treatment Costs On A Credit Card, And Pay It Off With Your Reimbursem*nt. ...
  2. Make Sure Your Vet Knows About Your Pet Insurance Coverage. ...
  3. Make Sure Your Policy Makes Sense For Your Breed, Location, Age, And Any Pre-Existing Conditions.

Is it normal for pet insurance to increase every year? ›

You can generally expect your pet's insurance coverage cost to increase each year, along with their age.

Should I insure my 14-year-old dog? ›

Older pets can become unaware of their surroundings, which means they're more likely to have an accident. Treating injuries as a result of an accident is especially important in older pets, so make sure your dog has the right insurance to help support their recovery.

Is lifetime pet insurance worth it? ›

A lifetime policy is best, as this will provide cover towards vets' bills year after year. This can be a great help - especially in cases where a chronic condition develops - which is unfortunately common in senior pets." Robin Hargreaves, Agria's Senior Veterinary Advisor.

Is pet insurance worth it for a senior dog? ›

While some pet owners insure their dogs as puppies or young adults, many companies will still insure older dogs. Although your policy will exclude pre-existing conditions, it is still worth purchasing pet insurance since senior dogs can encounter new health conditions as they age. Did You Know?

Why does Trupanion keep increasing? ›

The rising cost of veterinary care amplifies the need for Trupanion to price correctly. Given the financial impact inflation has had on veterinary practices in California since 2022, this new rate will bring California residents more in line with those rising costs.

Does Trupanion raise rates with age? ›

Does Trupanion increase with age? Trupanion doesn't increase your costs just because your pet ages. In fact, Trupanion claims to be the only pet health insurance company that uses your pet's age at enrollment to determine your plan's price.

How much does Trupanion cost a month? ›

The cost of Trupanion pet insurance will vary based on your dog's age, breed, and gender, as well as your deductible amount and any add-ons you purchase. Monthly premiums start at $59 for dogs on average. Deductibles are adjustable and range from $0 to $1,000.

What makes Trupanion unique? ›

When we say our pet insurance is truly unique, we mean it. No other provider can pay as fast as we do, and our coverage is as comprehensive as it gets. Having your vet paid directly, often in seconds. One simple plan that provides nose-to-tail coverage.

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