Pet insurance is one of those products that you only think about when you need it. Until then it’s too late.
Health care for pets is cheaper than it is for humans, but not by much. When my family dog ate the bottom third of our Christmas tree, his allergic reaction resulted in a surprising $ 2,100 vet bill.
Emergency vet bills for accidents and illness are common. There is a high likelihood that your pet’s life will have at least one $ 2,000 to $ 4,000 veterinarian bill, and you should never have to choose between your finances and your pet’s health.
Pet insurance can cover up to 90% of a veterinarian bill, and policies can be covered for as little as $ 10 per month. Here are some of my favorite companies to get your furry (or scaly) friend insured with.
Overview of the best pet insurance companies of 2020
Lemonade is well known for their homeowner and renter insurance, but they also offer a top notch pet insurance product. It only takes a few seconds to sign up and you can get customizable accident and illness coverage (e.g. you can customize the policy to get up to $ 100,000!). Coverage includes drugs, diagnoses, and procedures such as emergency care and surgery, among other things.
But lemonade doesn’t just stop there. They can also cover wellness tests, heartworm and fecal tests, blood tests, vaccines, and more. Another special feature of Lemonade is that you can access expert medical advice online via the chat in the Lemonade app. This way, you can answer your questions without paying for a veterinarian visit. You can go beyond that too – and get prolonged accidents and illnesses that are also paid for veterinary fees and physical therapy.
Lemonade plans start at a super affordable price of just $ 10 / month. However, you can also qualify for an additional 10% discount if you also insure your home with lemonade.
It also offers lemonade Stress-free, super-fast damage payment combined with aWard Winning Service. Your policy are simple, jargon-free and intuitive, and every lIn addition, money is donated to charities that choose pets.
Learn more about lemonade.
Embrace makes my list of the best pet insurers easy for three reasons.
First, they are among the few to offer “catastrophic” pet insurance plans with high deductibles but extremely affordable rates. For about the cost of a Netflix subscription, you can get accident and illness coverage of up to $ 10,000 with a $ 1,000 deductible and an 80% reimbursement rate. In a difficult year for your pet, you can save $ 7,200 by paying $ 180 in rewards.
Unlike many of its competitors, Embrace covers most of the tests, exams, and x-rays. Diagnosing your pet’s health alone can cost hundreds. So this saves a lot of money.
Finally, Embrace deserves praise for their impressive customer service. My own vet staff have had positive experiences with them and they have 4.2 stars Consumer fairswhich is no small matter for an insurer.
Learn more about Embrace or read our full review.
If you don’t mind paying extra for superior coverage, pumpkin is a great choice. The provider’s plans always have a high reimbursement rate and their coverage is extraordinarily thorough with an experienced customer care team.
They also have an optional “Preventative Essentials” package for $ 11.95 for cats and $ 18.95 for dogs monthly that includes vaccines (4 for puppies, 2 for dogs, and 1 for cats), an annual wellness exam, and select Includes laboratory tests for the early detection of problems.
If your dog or cat has a lot of expensive needs and you are concerned about coverage shortfalls, Pumpkin is a solid provider that has all the angles. Plus, Pumpkin doesn’t have age caps or racial exclusions, and making claims online is quick and easy.
Learn more about pumpkin or read our full review.
Pumpkin Advertiser Disclosures: Pumpkin pet insurance does not cover any pre-existing conditions. Waiting times, annual deductibles, co-insurance, benefit limits and exclusions can apply. See pumpkin.care/insurancepolicy for full terms. Products, discounts and prices can vary and are subject to change. Pumpkin Insurance Services Inc. (Pumpkin) is a licensed insurance agency, not an insurer. The insurance is taken out by United States Fire Insurance Company, a Crum & Forster Company, and manufactured by Pumpkin. Pumpkin Preventive Essentials is not an insurance policy. It is offered as an optional additional service without insurance. Pumpkin is responsible for the product and management. Pumpkin Preventive Essentials is not available in all states. See pumpkin.care/customeragreement for full terms. Pumpkin Insurance Services, Inc. is responsible for this advertisement.
Insure your pet
Insure your pet is technically a discount card, not an insurance policy. It costs around $ 10 a month. Take it to any Pet Assure in-network vendor and get an instant 25% discount on all in-house procedures.
Internal procedures can include routine care, vaccines, emergencies, surgery, cancer treatment, and more with “absolutely no exclusions” (see a full list at the bottom of the list) Home page). In particular, it includes all the services that arise from the pre-existing conditions of your pet.
If you’ve already planned a $ 2,000 surgery with one of the providers, you can call ahead to see if Pet Assure will cover the surgery, buy a $ 10 monthly pass and save $ 400 instantly.
Some customers have complained that Pet Assure’s in-network vendors are more expensive making the discount questionable, but most PA customers seem happy with their purchase.
Learn more about Pet Assure.
Healthy paws cover cats and dogs, and offer owners of older pets a unique value proposition: no spending caps. As your pet ages and vet bills go up, it doesn’t matter whether you are spending $ 10,000 a year or $ 30,000. Healthy paws pay off.
You’re still on the hook for your deductible amount and 10% to 30% of the bill, depending on your insurance terms. However, if you never want to choose between saving your pet’s life and saving tens of thousands of dollars, Healthy Paws is a great option.
Learn more about healthy paws.
ASPCA pet health insurance
The American Society for the Prevention of Cruelty to Animals is a not-for-profit organization that offers pet insurance that ranges from the essential to the full. They include dogs, cats, and horses.
The main competitive advantage of ASPCA is the generous retirement plan. Routine visits and vaccinations can cost up to $ 300 a year. However, for $ 9.95 per month, the ASPCA will cover up to $ 250 of these costs. So it is essentially a half price voucher.
Plus, you can rest assured that ASPCA provides solid customer service and genuinely care about your pet’s health. After all, love and support for our four-legged friends is their mission!
Learn more about ASPCA pet insurance.
Nationwide is committed to providing competitive pet insurance. After all, they even had the foresight to break into the domain and capture it petinsurance.com.
Nationwide offers great pricing, customer service, and solid coverage through its three main plans. The Major Medical Plan covers accidents, illnesses, medications, and some hereditary diseases, while the Pet Wellness Plan includes preventative measures like exams, vaccines, and flea / heartworm protection. However, you can combine both of them into their robust Whole Pet with Wellness plan.
Finally, Nationwide is one of the few pet insurance providers that covers exotic pets. If you have a bird, reptile, or rodent in the home, you can pay their bills through Nationwide.
Learn more about Nationwide Pet Insurance.
Roundup of the Best Pet Insurance Companies of 2020
|Pet insurance||Pets covered||Monthly premium||Unique properties|
|lemonade||cats and dogs||From $ 10 / month
with a 10% discount if you have home insurance with Lemonade
|Sign up in seconds, super-fast claims payment, access to medical advice via chat, award-winning customer service, money leftovers are donated|
|hug||cats and dogs||$ 15 to $ 70||Affordable disaster plans, great customer service|
|pumpkin||cats and dogs||Starts at $ 23 / month with multiple pet discount||Fills general insurance gaps and offers a great optional retirement plan|
|Insure your pet||Any animal that is qualified for veterinary care||$ 8 to $ 12||No waiting times, can be applied immediately to existing conditions|
|Healthy paws||cats and dogs||$ 20 to $ 75||No annual eligibility restrictions, nonprofits support homeless pets|
|ASPCA pet health insurance||Cats, dogs and horses||$ 35 to $ 75||Affordable retirement plans, non-profit|
|Nationwide||Cats, dogs, birds, amphibians, reptiles, rodents, goats and more!||$ 15 to $ 225||Exotic animal coverage, 100% comprehensive plans|
How I came up with this list
As a pet owner, I searched the internet for the top seven pet insurers that I would personally insure my own pet with. To compile this list, vendors must have performed above average on most of the following metrics:
- Customer service – Does the provider have a proven track record of helping customers? In addition to getting industry awards, are they getting high ratings from actual policyholders on sites like trustpilot.com?
- Rewards – Simply put, does the provider offer competitive premiums and value for money?
- Flexible cover – Does the provider offer a generous number of options so that you can better tailor your policy to your specific needs without paying for the coverage you don’t need?
- AT THE. Best rating – If the provider achieves at least an (A) rating with A.M. Best of all, what ratings are insurers based on their ability and efficiency to settle claims?
- Innovation and Altruism – Does the provider innovate ways to lower interest rates and improve the overall policyholder experience? Are they also giving back to charity and improving animal life?
- Nationwide support (in some cases even international) – After all, does the provider simply have a broad geographic coverage spectrum?
Most notably, vendors with mixed customer service reviews or hidden coverage gaps didn’t make the list (and there were several).
What is pet insurance?
Pet insurance is health insurance for your pet. Almost all pet insurance policies cover cats and dogs, and many even cover more exotic pets like birds, mice, ferrets, reptiles, and pigs.
Pet insurance has a lot in common with personal insurance. Prices vary based on the risk factor, including the age of a pet and pre-existing conditions. The product protects you from scary four- and five-digit veterinary bills.
What does pet insurance cover?
Pet insurance usually covers the following:
Accidents and emergencies
When I was in high school, my dog ate the bottom of our family Christmas tree and had an allergic reaction. His total vet bill, including surgery, medication, and surveillance, was well over a giant. My dog didn’t have a job with TSA or the military we I had to pay the bill, but luckily my people had insurance.
While an initial diagnosis can be under $ 250, each consecutive treatment can skyrocket the cost of a single emergency visit to well over $ 1,000. Common reasons that your pet may need an emergency visit, which is covered by most insurance policies, are often for the following reasons: allergies, wounds from fighting, being hit by a car or bicycle, digestive problems, breathing difficulties, poisoning from eating the wrong foods etc.
Aside from emergencies, pet insurance also covers many illnesses that result from a non-existent condition (more on this below).
Common diseases that are usually covered by pet insurance are cancer, infections, hyperthyroidism, urinary tract infections, and digestive problems.
Radiation therapy for cancer alone can cost up to $ 10,000 for a pet, so a $ 40 per month policy can pay for itself quickly during your pet’s sensitive golden years.
What Doesn’t Pet Insurance Cover?
Below are the common costs that would normally apply Not covered by standard pet insurance. However, some providers can include them in the supplementary insurance.
Pre-existing or hereditary conditions
Most insurers don’t cover illnesses your pet had prior to purchase, but there are exceptions. hug covers curable pre-existing conditions under certain circumstances.
They may also not cover the general genetic conditions that are common in your pet’s breed. For example, bulldogs and mastiffs tend to have hip dysplasia later in life. Persian cats are prone to polycystic kidney disease, or PKD.
It won’t be fun, but I recommend making a list of the inherited diseases that are common in your pet’s breed and asking insurance companies which ones are covered and which aren’t.
If your pet fights, digs, barks / meows excessively, or is relieved around the house, you can use them for diagnosis to determine if there is a medical cause.
If there is (i.e., a cystitis), your insurance company will likely cover the testing and treatment costs. However, if the vet determines that it is simply bad behavior, your insurance company may not cover the costs of diagnosis, training, and therapy.
Grooming, dental care and other routine / preventive care
Your pet insurance may not cover grooming, dental cleaning and procedures, and regular visits to the vet. But even here there are exceptions. If this is a huge annual expense for you, look for vendors that offer comprehensive plans and supplemental guidelines.
What does pet insurance cost?
Pet insurance can range from $ 10 to $ 75 per month.
A monthly plan of $ 15 can include only accidents and health insurance, a deductible of $ 1,000, and an annual reimbursement limit of $ 10,000.
A $ 75 per month plan can include casualty, illness, dental, routine, curable, pre-existing medical conditions, and behavioral protection for a deductible of $ 200 and a reimbursement limit of $ 30,000.
If you’re like me, I don’t want to check my dog in at the Ritz-Carlton. Just get bankruptcy insurance and I’ll be grateful that there are “catastrophic” plans out there that only cover the big things.
Main features of pet insurance
What are the most important variables in researching your pet insurance options?
You should never get an insurance policy, pet or anything else without carefully combing through each cover position. You should also find out what conditions your pet has or will have in their life to make sure you are covered for the most likely and costly procedures.
If you can’t find details about your coverage, call your provider and ask. By doing due diligence during the purchasing phase, you can save thousands when it counts.
Pet insurance deductibles typically range from $ 200 to $ 1,000. Even a “catastrophic” plan with a $ 1,000 deductible can be useful, as emergency visits can cost $ 4,000 and chemotherapy can cost $ 10,000.
When looking for comprehensive coverage for a healthy pet, keep in mind that routine grooming for a cat or dog can cost up to $ 300 a year. Make sure your deductible does not apply to preventive / routine care. Otherwise, you will continue to pay it out of pocket.
When you look up quotes for pet insurance online, you’ll also see some sort of annual limit slider. Annual limits are the maximum amount your provider pays out for claims each year. The lower the limit, the cheaper the monthly premium is of course.
$ 15,000 is a completely safe annual limit for most pets. However, if you are facing extremely expensive vet bills for cancer treatment or multiple surgeries, consider increasing the limit to $ 30,000 or insuring with Healthy Paws, which has no limit policies.
Finally, like private human health insurance companies, pet insurance companies may have networks of providers. Before buying a new policy, make sure you find a network provider nearby who:
- Good feedback.
- The right expertise to meet your pet’s needs.