Best Pet Insurance Companies in the U.S

Veterinary care can be costly. And if you’ve ever taken an ill or injured pet to the vet, you know those vet bills can add up very quickly. Having a financial safety net to fall back on might be beneficial in these circumstances.

In such situations, you shouldn’t have to choose between your family’s financial security and your pet’s health. That’s why pet insurance is becoming increasingly popular among pet owners in the U.S.

The first pet insurance policy was issued in 1982, and the industry has been growing steadily. In fact, according to the North American Pet Health Insurance Association (NAPHIA), the pet insurance industry has seen a compound annual growth rate of 16.85% over the last five years.

While pet insurance plans share a common basis of basic coverage, like injuries and genetic and congenital illnesses, there are variations in benefits, prices, and extras. To help you decide which pet insurance policy is best for you and your furry friend, we’ve compiled a list of the best pet insurance companies in the U.S.

The Top 7 Pet Insurance Companies in the US

A good pet insurance policy will allow you to customize coverage based on your budget and protection needs, offering discounts and options for wellness and routine care. Here’s our list of the top pet insurance companies in the U.S.

1.   Lemonade Pet Insurance Company

Lemonade pet insurance covers veterinary costs for cats and dogs resulting from sickness or accidents. These encompass diagnostic tests (including imaging), hospitalization, emergency care, surgery, and medications.

Three other preventative care packages, which cover wellness checks, dental cleanings, spaying and neutering, and blood testing, are available for pet owners who desire more coverage.

Pet owners can also choose an extended accident/illness package with add-ons to reimburse veterinary bills and physical treatment.

Lemonade offers pet insurance starting at $10 per month. Your premium will vary depending on the breed and age of your pet, any policy add-ons, the deductible and coinsurance amount you choose, and the cost of veterinary treatment in your location.

One of the significant downsides of Lemonade is that it isn’t offered in 15 U.S. states.

Pros

• No payout limits
• Cheapest pet insurance
• Two covers are available: accidents and illnesses
• Offers different types of discounts

Cons

• No coverage for pre-existing conditions
• Only available in certain states

2.  Spot Pet Insurance Company

Spot provides coverage options for cats and dogs, such as accident-only or accident and illness policies. These policies include annual coverage limitations and a yearly deductible.

You have options for your coverage ranging from $2,500 to $10,000 and an unlimited annual coverage option. Additionally, the basic insurance package includes coverage for minor and major medical procedures, such as surgeries and the examination visits necessary to identify a pet’s condition and develop a treatment strategy.

The company offers two separate preventative care packages, Platinum Preventive Care and Gold Preventive Care, which will help cover the cost of standard care like immunizations and dental cleanings and vet visits.

Prices for Spot Pet Insurance vary according to pet owners’ coverage level. Factors affecting the cost include your animal’s age, breed, location, and discounts.

Pros

• Annual unlimited coverage
• Two preventive care plans
• Exam fee reimbursement for covered conditions

Cons

• Only covers cats and dogs

3.  Trupanion Pet Insurance Company

Trupanion is one of the top pet insurance companies and provides insurance policies for cats and dogs covering accidents and illnesses. Breed-specific and congenital problems get covered under its standard plans.

Additionally, policy add-ons for breeders of cats and dogs are available. These add-ons can pay for the boarding fees if your pet gets hospitalized or the damage your pet causes to someone else’s property. They can also pay for rehabilitation and alternative therapies like acupuncture and naturopathy.

Trupanion’s policies don’t have payout limits, and there’s no limit to how much you can claim per year. The company covers 90% of eligible vet bills after paying your deductible, with no networks or claim forms. Trupanion deductibles range from $0 to $1,000. Although a deductible of zero dollars could be tempting, remember that, typically, the smaller the deductible, the higher the monthly premium.

Trupanion plans also don’t cover preventive care, like vaccinations and routine wellness visits, because they don’t cover a wellness policy.

Trupanion pet insurance plans start at $35 per month for a cat and $70 for a dog. But the price will increase as your pet gets older and if you live in an area with a higher cost of living.

Pros

• No limit to how much you can claim per year
• Includes congenital issues and breed-specific illnesses

Cons

• No preventive care coverage
• No exam fee coverage
• Only covers cats and dogs

4.  Pets Best Pet Insurance Company

Pets Best provides two primary policies: one that only covers accidents and another that covers accidents and illnesses. The Pets Best Accident and Illness policy offers adding coverage for veterinary examinations and rehabilitation for your pet.

Pets Best policies feature annual limits, deductibles, and reimbursement rates of 70%, 80%, and 90%. They also have an option of adding a Routine Care rider, covering things like flea and tick prevention, vaccinations, microchipping, etc.

There are two levels of routine care insurance available; BestWellness and EssentialWellness. With BestWellness, there is an annual $535 per pet limit; with EssentialWellness, there is an annual $305 per pet limit. Pets Best adds spaying and neutering, dental cleaning, and wellness tests when upgrading from EssentialWellness to BestWellness.

Pets Best doesn’t cover pre-existing conditions, but it will cover hereditary and congenital disorders and cancer treatments.

Dog coverage with Best Pets insurance costs an average of $26.89 per month, while cat coverage costs an average of $11.93 per month. These costs are based on a $500 deductible, a $5,000 annual cap, and a 90% reimbursement rate for a male domestic shorthair cat under one year and a one-year-old, sizeable mixed-breed dog.

You can submit claims without filling out any paperwork by using the company’s website or mobile app.

Pros

• Two policy options
• Routine care rider
• No exam fee coverage
• Claims filed with no paperwork

Cons

• Pre-existing conditions not covered
• Annual limits
• Only covers cats and dogs

5.  Embrace Pet Insurance Company

Embrace is one of the top pet insurance companies and offers insurance to pet owners to pay for unforeseen medical costs brought on by illness and accidents.

Embrace does not cover preventative care but provides an optional non-insurance-based Wellness Rewards plan covering regular checkups, teeth cleaning, spaying/neutering, and other services.

Embrace’s policies feature no annual or lifetime limits, various deductibles (from $100 to $1000), and reimbursement rates from 70% to 90%.

Embrace also offers an “Add-on” called the Embrace Pet Recovery Service, which, for an additional fee, will help you find your lost pet with a 24/seven recovery team, create and distribute flyers, and provide a reward.

Embrace dog insurance plans start at $29.71per month for a mixed-breed dog and $16.60 per month for a cat. Both monthly premium rates include a $5,000 annual benefits cap, a $500 deductible, and a reimbursement rate of 90%, which translates to a 10% co-pay.

Pros

• No annual or lifetime limits
• A wide variety of decreasing deductibles
• Pet recovery service available

Cons

• Preventative care not covered
• No exam fee coverage
• Only covers cats and dogs

6.  Healthy Paws Pet Insurance Company

One accident and illness plan, without any add-on choices, is all Healthy Paws offers. This pet insurance policy covers a variety of procedures and associated expenditures, including cancer treatment, blood tests, diagnostics, ultrasounds, surgery, hospitalization, X-rays, specialist care, emergency care, and prescription medications.

Healthy Paws does not cover preventative care, such as vaccinations, routine bloodwork and screenings, spaying and neutering, and dental cleanings.

The company has a straightforward pet insurance plan that reimburses you based on the actual veterinary bill, up to the limits of your policy.

There are no payout or lifetime limits, and your monthly premium will not increase as your pet ages or if you make a claim.

The Healthy Paws pet insurance plan for dogs starts at $35 per month, and the plan for cats starts at $20 per month.

Pros

• No payout limits
• No lifetime limits
• Policy monthly premium won’t increase with age or claims

Cons

• Preventative care not covered
• Only covers cats and dogs

7.  ASPCA Pet Insurance Company

ASPCA Pet Health Insurance offers accident and illness coverage for cats, dogs, and, in a move unheard of among the businesses we rated, horses. Its insurance plans for cats and dogs cover what it refers to as alternative therapies, such as low-level laser therapy, hydrotherapy, chiropractic care, and rehabilitation therapy, among others.

ASPCA covers hereditary/congenital, breed-specific conditions, and even stem cell treatment. Additionally, you can add a rider that covers preventative care.

Annual benefit caps for the Preventive Care option are predetermined and adjusted at the beginning of each new policy year. The policy will only cover a certain percentage of each expense, thanks to scheduled benefit limits.

The company reimburses you based on the actual veterinary bill and offers two deductible options: per-incident or annual.

ASPCA plan insurance quotes for dogs start at $25.42 per month, and quotes for cats begin at $11.75 per month.

Pros

• Horse insurance available
• Preventative care rider available

Cons

• Scheduled benefit limits
• No exam fee coverage

Conclusion

There is a lot to consider when looking for the best pet insurance company. You want to ensure that you get the coverage that best fits your needs. To evaluate costs based on the particular species, breed, age, size, and location of your animal, we advise requesting quotations from different insurers.