Best Pet Insurance Companies in 2022


Anyone who has taken a pet to the vet for treatment knows how costly it can be. It is in these situations that having a financial safety net can prove to be very helpful. You shouldn’t have the choice between your pet’s health and your family’s financial security.

Pet insurance is a relatively new type of insurance. The first policy was issued in 1982. Our objective rating of the Best Pet Insurance Companies in 2022 aims to help you select the right insurance company for your pet. We also look at the factors that will impact the cost of your policy.

How To Choose The Right Pet Insurance Company

When shopping for pet insurance, there are many factors you should consider. These steps will help you choose the best policy and company for you and your pet.

Choose the type of policy that you require. There are three types of policies that pet owners have the option to choose from:

  • Accident insurance: Covers broken bones, swallowed items, cancer, UTIs, and other conditions.
  • Wellness insurance: covers routine health care such as vaccinations and exams, spaying/neutering, and nail trimmings
  • Exotic pet insurance: designed to cover pets other than cats and dogs, such as rabbits, geckos, and snakes

Find out what’s covered by the policy. Examine carefully which conditions, diagnostic tests, treatments, and treatments are covered. Also, identify any age-specific restrictions or limits. Verify that your policy covers treatment for pets that are prone to congenital or hereditary conditions such as asthma or hip dysplasia. Pre-existing conditions are not usually covered by insurers.

Select a deductible. This is the amount you have to pay before your insurance company begins covering expenses.

Our rating generally indicates that the companies we rate offer two types of deductibles:

  • The annual deductible is similar to the ones found in human insurance policies. You are responsible for paying a fixed amount each year (e.g., $500) for any covered care. The insurer will cover any additional costs after you have met your deductible.
  • A set of deductibles per condition that is specific to different conditions. A policy might include a separate deductible for heart disease, cancer, liver disease, and arthritis.

An annual deductible might be more affordable if your pet visits the vet several times per year, and each visit is for different injuries or illnesses. A per-condition deductible might be more cost-effective if your pet has a condition that requires consistent care, multiple visits, or requires ongoing treatment. Both deductibles have their pros and cons, but neither one is necessarily better than the other.

Select a reimbursement rate. The percentage that an insurer will reimburse is called the reimbursement rate. While reimbursement rates can vary from insurer to insurer, the most common rates are between 60% and 100% of your veterinary bills.

Determine the limits. Limits are the amount an insurer will pay to cover covered expenses (e.g., $10,000 per year). While some insurers do not require cap payments, others have annual limits. Your insurer will only pay expenses up to the annual limit of a policy. Any additional costs beyond the policy year will need to be covered by you.

Learn if your premiums can be customized. Many insurers offer the ability to adjust one or more aspects of a policy to modify their premiums. Each insurer is different. However, you might be able to adjust your deductible, reimbursement rates (percentage of costs covered by an insurer), or policy limits to create a premium that suits your needs or budget. Your premiums will be lower if you reduce your payout limits or the rate of reimbursement. Your deductible can be used to lower your premiums. Keep in mind, however, that each adjustment could result in higher out-of-pocket costs if your pet requires frequent or expensive care.

Check for discounts. Discounts offered by some insurers can lower coverage costs. There are many discounts available, but they can include discounts for annual pay, multi-pet discounts, and discounts for military personnel.

There are several factors you should consider when shopping for pet insurance policies. Many companies in our rating offer multiple customer service options. These include email, phone, and chat support, as well as access to mobile apps. You can compare customer service options and help find the right insurer for your needs.

You should also consider any additional coverage or add-ons you might need. Many of the companies we rated offer alternative or wellness plans that include acupuncture, hydrotherapy, and chiropractic care. Reviewing customer service and additional coverage options is a good way to make a decision when all else is equal.

What Does Pet Insurance Cover?

The exact coverage of a pet insurance policy will vary from one company to the next and policy to policy. However, most policies cover pets that are injured or have to be treated for an illness. There are some pet insurance policies that cover preventive care or wellness, such as annual vet visits and vaccines. These policies aren’t the most common. These plans are not as common; however, they do cover exotic pets.

These are the three main types of pet insurance plans. What do they usually cover?

  • Insurance for accidents and illness. These policies cover your pet in the event they become sick or hurt. The plan you choose and the reason for your vet visit will determine what coverage is available. This may include diagnostic procedures such as bloodwork, ultrasounds, and X-rays. Usually, the cost of treatment such as medicine, surgery, and hospitalization are covered. Routine care such as regular checkups and vaccinations is not covered.
  • You can also purchase wellness insurance. Wellness policies cover routine issues like vaccinations, spaying or neutering, exams, and other preventative care. Some companies, such as Nationwide, offer wellness policies for pets that include dental care and preventative care. PetFirst and others allow you to add riders to your insurance to cover preventative care.

Exotic pet insurance. While most pet insurance policies only cover cats and dogs (or other pets), you will likely need exotic pet insurance. This type of plan covers a variety of animals, including rodents and frogs, rabbits, birds, and other common (or less common) pets.

While the policy you select will determine what is covered, there are some other things to consider. It’s unlikely that you will be reimbursed for treatment costs if your pet, whether a cat, dog, or other, has been diagnosed with a condition prior to applying for pet insurance. If your pet isn’t yet diagnosed but has already begun to show symptoms, the same applies.

However, there are exceptions to this rule. Fetch by The Dodo does not cover pre-existing conditions. However, if the condition is deemed to have been cured for a prolonged period of time, it may be covered again in the future.

Consider your pet’s history when looking for insurance. While many pet insurance policies will cover hereditary disorders, they are only available if your pet does not have any associated symptoms. The insurer may consider your pet’s pre-existing condition if they already have symptoms.

Our Best Pet Insurance Companies

Pets Best

The main plan of Pets Best provides coverage for injuries and illnesses in cats and dogs. There are no age restrictions. There are three levels to this plan: Elite, Plus, or Essential. You can get coverage for rehabilitation and exam fees, as well as reimbursement for medical expenses.

Two wellness plans are available to the company, which cover microchipping, flea prevention, spaying/neutering, and vaccinations. Our rating places this company at the top of our list for providing coverage for both routine and preventive care.

Pets Best plans have an annual deductible and payout limits that range from $5,000 per year to unlimited. Pets Best has a shorter waiting period than most companies in our rating. This is the time period between when your policy goes into effect and when you can file claims. It is three days for accidental injuries. Routine care can be added to your policy.

Pros:

  • There are many options for deductibles
  • Only 3 day waiting period for accident coverage
  • You can pay your vet directly if they agree.
  • Multipet Discount of 5% Per pet
  • There are routine wellness programs available
  • Has a 24/7 pet telehealth line

Cons:

  • The 6-month waiting period to be covered for cruciate ligament issues
  • Only the highest-tier plans offer rehab coverage

Embrace Pet Insurance

Embrace offers two types of pet insurance policies. The first policy covers only accidents, while the second covers illnesses and accidents. Although it doesn’t offer any insurance or rider that covers wellness treatment, it does offer Wellness Rewards, which can help you budget for these expenses.

There are no lifetime coverage limitations, but there are annual limits that are outlined in the plans. You may reach a coverage limit in a single year. However, if your policy is extended into the next year, the limit will be reset. This is useful in the event that your pet develops a chronic condition.

There are a few ways that Embrace can help you save money. First, your deductible will be lower each year you don’t file any claims. The second is that Embrace offers a discount if multiple pets are enrolled.

Pros:

  • A wide range of options available for annual coverage, reimbursements, and deductibles
  • A “minimizing deductible” is included that reduces your deductible by $50 each year you don’t file a claim.
  • This policy covers the cost of a veterinarian visit for illnesses and injuries
  • Accident coverage is available after a waiting period of 2 days
  • Available as an option: Wellness plan
  • Has a 24/7 pet telehealth line

Cons:

  • For coverage of orthotic conditions, there is a waiting period of six months
  • Annual coverage limits are available for plans

Healthy Paws

Healthy Paws provides a single pet insurance policy that covers injuries and illnesses. There is no deductible and no limit on payouts. Healthy Paws offers two options to reduce your premiums: increase your deductible or decrease your reimbursement level. Healthy Paws also covers alternative care, such as hydrotherapy, acupuncture, and chiropractic care.

The only things that Healthy Paws doesn’t cover are wellness expenses, vet visits, or treatment for behavioral problems. Refer-a-friend is an added bonus. Healthy Paws will donate $25 to homeless pets after your friend has completed the application process.

Pros:

  • No coverage limits
  • Coverage for alternative care

Cons:

  • There is no wellness coverage
  • No multi-pet discounts

Trupanion

Trupanion’s rating is exceptional for direct payment of vet expenses. Trupanion will automatically pay the vet’s fees if you visit a participating vet. You don’t have to file a claim.

Trupanion has a similar plan to Healthy Paws, with no payout limits and only one plan. However, Trupanion also offers more options, such as a Recovery and Care Rider and an Owner Assistance Package. The Pet Owner Assistance package covers costs such as rewards for lost pets, fees for pet boarding, liability coverage for damage to property, and hospitalization fees.

The deductible is per condition and lifetime, unlike Healthy Paws’ annual. Refer-a-friend is also offered by the company. This program allows you to earn $25 per friend, up to $100 per year.

Pros:

  • No coverage limits
  • Rehabilitative care coverage is available as an option

Cons:

  • There is no wellness coverage
  • Multiple pets are eligible for the same discount

ASPCA Pet Health Insurance

ASPCA Pet Health Insurance provides accident and illness coverage, as well as coverage for pets and animals. These plans offer adjustable annual deductibles as well as adjustable payout limits. ASPCA also covers most accidents and illnesses. It also provides treatment for behavioral problems such as fur pulling and destructive chewing.

ASPCA will cover pre-existing conditions if they are not symptom-free for 180 days. Our rating does not include coverage for the reemergence of pre-existing conditions. This applies regardless of how long your pet is symptom-free or cured. Healthy Paws, for example, does not have any restrictions regarding when it may cover the reemergence of a pre-existing condition.

A preventative rider can be added to your existing plan. The ASPCA is the only insurance company that offers horse insurance. ASPCA Pet Health Insurance is licensed by the American Society for the Prevention of Cruelty to Animals. It is not a member of this organization.

Pros:

  • This policy covers the cost of a veterinarian visit for illnesses and injuries
  • There are no waiting periods for cruciate or other conditions.
  • Covers pet microchipping
  • Multipet Discount of 10%
  • Available as an option: Wellness plan
  • Has a 24/7 pet telehealth line

Cons:

  • Only $10,000 is the highest annual coverage option.
  • The waiting period to obtain accident coverage is 14 calendar days. However, some of the top competitors only require 2 or 3 business days.
  • There is a limited selection of deductibles.

Figo

Three pet insurance policies are offered by Figo that provide coverage for injuries and accidents to a pet, whether it is a cat, dog, or another pet. Higher-level plans have a higher annual payout limit. You can also choose to pay for prescription food and vet fees. It is a Pet Cloud mobile app that allows you to instantly connect with a veterinarian or other veterinary professional 24 hours a day. This will allow you to access your Figo account and share photos with other pet owners.

Pros:

  • Reimbursement up to 100%
  • Accident coverage is available for a short 1-day wait.
  • Has a 24/7 pet telehealth line
  • There are routine wellness programs available.
  • This upgrade covers special circumstances like advertising and rewards for a lost pet, vacation cancellation due to a pet emergency, and loss of a pet due to theft/straying.
  • The Figo Pet Cloud allows you to find pet-friendly locations and connect with other pet owners to arrange activities like doggy play dates.

Cons:

  • The extra cost is required to cover vet exam fees.
  • The 6-month waiting period to be covered for knee injuries
  • Does not cover dental illnesses
  • The pet’s age will determine the deductible options available. Higher deductibles may not be available for pets of higher ages.
  • Prescription food is only covered if necessary to treat bladder stones and crystals.

Fetch by The Dodo

Fetch by the Dodo (formerly Petplan) offers one plan that covers illness and accidents. There are no add-ons. Fetch by The Dodo’s pet insurance plan provides coverage for vet fees if your pet becomes sick or hurt.

Virtual vet visits are also covered by this insurer, which could be of benefit to pet owners who can’t make it to the vet’s office. Fetch by The Dodo also offers a $1,000 boarding fee coverage for pets that are admitted to the hospital. Fetch by The Dodo policies have yearly deductible and payment limits.

Pros:

  • Online vet visits are covered
  • Rehabilitation and behavioral therapy covered

Cons:

  • There are no preventative care options
  • No multi-pet discounts

Nationwide  

Nationwide was the first U.S. insurer to offer pet insurance. The main plan includes routine and preventive care for your dog or cat. There are also options to purchase separate accident and illness insurance plans or wellness plans. Nationwide is the only company that offers coverage for exotic pets, such as birds, tortoises, ferrets, and amphibians.

Nationwide is more expensive than other companies, but it offers wellness coverage that most other companies don’t offer.

Pros:

  • Pays for vet exam fees
  • Wellness plan included
  • Has a 24/7 pet telehealth line
  • Multipet Discount: 5% for all customers. Nationwide customers get an additional 5% off when they buy a pet plan.
  • Nationwide’s Pet Rx Express offers policyholders preferential pricing for pet prescriptions at Sam’s Club and Walmart. Prescription claims can also be made at the pharmacy counter.

Cons:

  • The 12-month waiting period to be covered for cruciate ligaments and meniscus (knee), injuries
  • There is only one option for maximum annual coverage and deductible.
  • Unlike top competitors, there is no coverage for end-of-life expenses.

What Is The Cost Of Pet Insurance?

Our rating shows that pet insurance policies cost between $19 to $64 per month for large, 1-year-old female mixed breed dogs and between $11 and $35 for 1-year-old male domestic shorthair cats. Prices for both animals are calculated based on policies with a $5,000 annual limit and a 90% reimbursement rate. There is also a $500 deductible.

Monthly premiums for pets depend on many factors, such as whether the pet is a cat/dog or a cat/dog, their age, and where they live. You can also adjust your deductible and coverage limits. According to our ratings and research by the North American Pet Health Insurance Association, the average premium for dog insurance is more expensive than that for cat insurance.

As you age, companies tend to raise your pet insurance premiums. Some companies won’t even offer new policies to pets that are older than a certain age.

Do I Need Pet Insurance?

It will depend on many factors, including your financial situation and your expectations regarding pet insurance policies.

Insuring your pet early if they are susceptible to certain conditions could help you to be prepared for any eventualities.

Our rating does not cover pets with pre-existing conditions. If your pet already has symptoms, no company would pay for treatment. In these cases, pet insurance policies might still be a good option as your pet could develop other conditions that need medical attention.

Pet insurance may not cover pet expenses. According to the 2019-20 APPA National Pet Owners Survey, the average cost of a vet visit for a pet was $214 for a cat and $426 for a dog.

If your policy has a $500 maximum deductible and your dog is involved in an accident that requires $426 surgery, you will be responsible for paying the entire cost. If your policy covered follow-up care for your dog after the accident, you would be covered once your deductible had been met.

While some people will feel more secure having insurance, others may prefer to save money for vet bills.

How To Buy Pet Insurance

These steps will help you select the best policy and insurer to protect your pet.

  1. Bir evcil hayvan sigortası şirketini karşılaştırın ve seçin. Doğru sağlayıcıyı seçmenize ve evcil hayvanınız için plan yapmanıza yardımcı olması için her birini araştırabilirsiniz. Neyin kapsandığını ve neyin kapsanmadığını bildiğinizden emin olun. Ayrıca, indirilebilir seçenekler ve geri ödeme oranlarının farkında olun. Bunlar genellikle yüzde olarak ifade edilir.
  2. Fiyat teklifi isteyin. Teklif formları evcil hayvanınızın cinsine ve yaşına göre değişebilse de, aynı bilgileri doldurmanız gerekecektir. Evcil hayvanınızın genel sağlığı hakkında önceden var olan durumlar da dahil olmak üzere bilgi vermeniz de önemlidir.
  3. Bir plan seçin. Bir firma seçtikten sonra, bir teklif almanız gerekecek.
  4. Evcil hayvanınızın tıbbi bilgilerini isteyin veya veterinerinizle bir ziyaret planlayın. Hangi sigortacıyı seçtiğinize bağlı.

 


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