The 8 Best Pet Insurance Companies [Updated List]

 When it comes to selecting the best pet insurance for your beloved companion, NerdWallet's rating system ensures you make an informed decision. Our comprehensive evaluation considers factors such as broad coverage, customizable plans, high financial strength, and an excellent customer experience. Dive into our detailed guide to discover the top pet insurance companies and their unique offerings.

The Best Pet Insurance Companies 

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Embrace: Best for Many Ways to Save

Overview: Embrace stands out as the best choice for those seeking numerous ways to save on pet insurance. With a 5.0 NerdWallet rating, Embrace offers customizable plans, including coverage for curable pre-existing conditions. The company provides a 10% discount for insuring multiple pets and extends a 5% discount to active military members and veterans. Embrace's plans encompass a wide range of deductibles and annual coverage limits, catering to diverse needs.

Age Restrictions: Minimum age is 6 weeks, and coverage is available for pets up to age 14. Pets enrolling for the first time at age 15 or above are eligible only for accident coverage.

Plans Available: Accident and illness, accident-only, wellness.

Deductible Options: $100 to $1,000 annually.

Reimbursement Options: 70%, 80%, or 90%.

Coverage Limits: $5,000 to unlimited per year.

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Figo: Best Mobile App

Overview: Figo, with a 5.0 NerdWallet rating, excels as the best mobile app provider for pet insurance. Beyond claims and payments, Figo's Pet Cloud offers extensive features, including organizing medical records, live chatting with veterinarians, and connecting with other pet parents. Figo's coverage is comprehensive, encompassing nonroutine dental care, alternative treatments, and hereditary conditions.

Age Restrictions: Minimum age for coverage is 8 weeks, with no maximum age limit.

Plans Available: Accident and illness, wellness.

Deductible Options: $100 to $1,500 annually.

Reimbursement Options: 70% to 100%.

Coverage Limits: $5,000, $10,000, or unlimited.

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Pets Best: Best Flexible Plans

Overview: Pets Best, with a 5.0 NerdWallet rating, is the ideal choice for those seeking flexible insurance plans. Offering three tiers of accident and illness coverage, two wellness add-ons, and an accident-only plan, Pets Best ensures a variety of options for customization. The company allows direct payments to vets for larger expenses, enhancing convenience for pet owners.

Age Restrictions: Minimum age is 7 weeks, with no upper age limit.

Plans Available: Accident and illness, accident-only, wellness.

Deductible Options: $50 to $1,000 per year.

Reimbursement Options: 70%, 80%, or 90%.

Coverage Limits: $5,000 per year to unlimited.

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AKC: Best for Pre-Existing Conditions

Overview: AKC, rated 4.5 by NerdWallet, stands out as the best choice for pre-existing conditions coverage. Unlike most insurers, AKC covers pre-existing conditions after a 12-month waiting period. The organization's policies extend to mixed breeds and cats, offering optional add-ons for exam fees, wellness coverage, and final expenses.

Age Restrictions: Minimum enrollment age is 8 weeks for puppies and 10 weeks for kittens, with no maximum age limit.

Plans Available: Accident and illness, accident-only, wellness.

Deductible Options: $100 to $1,000 annually.

Reimbursement Options: 70%, 80%, or 90%.

Coverage Limits: Annual limits ranging from $2,500 to unlimited.

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MetLife: Most Potential Discounts

Overview: MetLife Pet Insurance, rated 4.5 by NerdWallet, offers customizable plans and potential discounts for various groups, including first responders, health care workers, veterans, military members, and animal care facility staff. Boasting broad coverage, MetLife allows plan customization, including deductible adjustments, reimbursement options, and coverage amounts.

Age Restrictions: None.

Plans Available: Accident and illness, wellness.

Deductible Options: $0 to $2,500 per year.

Reimbursement Options: 50% to 100%, depending on the policy.

Coverage Limits: $500 to $25,000 per year, with an unlimited option available by phone.

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Nationwide: Best for Exotic Pets

Overview: Nationwide, rated 4.5 by NerdWallet, stands as the best choice for exotic pets. While online quotes are limited to cats and dogs, Nationwide's exotic pet plan covers a wide range of animals. With three main plans, including Whole Pet, Major Medical, and Modular, Nationwide offers flexibility in coverage and reimbursement options.

Age Restrictions: Minimum and maximum age varies by plan.

Plans Available: Accident and illness, wellness.

Deductible Options: $250 per year, with other options available.

Reimbursement Options: 50% or 70% for Whole Pet plans, 50% to 90% for Modular plans.

Coverage Limits: $10,000 per year for Whole Pet plans, $5,000 per year or unlimited for Modular plans.

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Spot: Broadest Coverage

Overview: Spot, rated 4.5 by NerdWallet, offers the broadest coverage choices for pet owners. With comprehensive plans covering alternative treatments, behavioral therapies, dental illness, and more, Spot provides a variety of ways to customize policies. The company's straightforward waiting period of 14 days for all conditions and a 10% multipet discount enhance its appeal.

Age Restrictions: Minimum age is 8 weeks, with no upper age limit.

Plans Available: Accident and illness, accident-only, wellness.

Deductible Options: $100 to $1,000 per year.

Reimbursement Options: 70%, 80%, or 90%.

Coverage Limits: $2,500 per year to unlimited.

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Trupanion: Best for Chronic Conditions

Overview: Trupanion, with a 4.5 NerdWallet rating, excels as the best choice for chronic conditions. In most states, Trupanion employs a unique deductible system, charging per condition rather than annually. The company reimburses 90% of expenses with no annual or lifetime coverage limits. While not offering a wellness plan, Trupanion provides additional options like Pet Owner Assistance packages for added peace of mind.

Age Restrictions: No minimum age, maximum age is 13 years.

Plans Available: Accident and illness.

Deductible Options: In most states, $0 to $1,000 lifetime deductible per condition. In select states, plans have no deductibles.

Reimbursement Options: 90% in most states, with the ability to choose a percentage between 70% and 100% in select states.

Coverage Limits: Unlimited in all states.

How to Choose the Right Pet Insurance for Your Pet

Choosing the right pet insurance involves assessing your pet's specific needs, comparing policy options, and understanding the claims process. Tailoring your choice to your pet's health requirements ensures optimal coverage and peace of mind.

Common Misconceptions About Pet Insurance

Let's debunk some common myths surrounding pet insurance:

Myth 1: Pet Insurance is Too Expensive

Contrary to belief, pet insurance comes in various price ranges. With careful consideration and comparison, affordable options can be found.

Myth 2: It Only Covers Accidents, Not Illnesses

Many policies cover both accidents and illnesses. Understanding the extent of coverage is crucial when selecting a policy.

Myth 3: Pre-existing Conditions are Always Excluded

While pre-existing conditions are often excluded, some companies offer coverage or waiting periods for certain conditions. It's essential to read the fine print.

Real-Life Stories

To illustrate the benefits of pet insurance, we've gathered real-life stories from pet owners. These testimonials showcase successful claims and the positive outcomes that result from having reliable coverage.

Tips for Making the Most of Your Pet Insurance

Maximize your pet insurance benefits by scheduling regular check-ups, investing in preventive care, and staying informed about policy updates and renewals.

Pet Insurance for Exotic Pets

Owners of exotic pets can find specialized coverage options to meet the unique needs of their non-traditional companions. Understanding these options is vital for ensuring comprehensive care.

Comparing Pet Insurance Costs

Factors influencing pet insurance premiums include the pet's age, breed, and health status. By comparing costs and understanding the variables, pet owners can find affordable coverage that suits their budget.

The Future of Pet Insurance

The pet insurance industry is evolving, with emerging trends and technological advancements shaping its future. Stay informed about these changes to make informed decisions about your pet's coverage.

What Sets the Best Pet Insurance Companies Apart

Customer service excellence, transparency in policy details, and a commitment to pet well-being are key factors that set the best pet insurance companies apart from the competition.

Understanding Policy Terms and Conditions

Avoid surprises when filing a claim by thoroughly understanding policy terms and conditions. We break down common terms and explain the fine print to empower pet owners.

Conclusion

In conclusion, investing in pet insurance is a proactive step towards ensuring the well-being of your beloved pet. With a myriad of options available, pet owners can find the best coverage that aligns with their pet's needs and their budget.

FAQs

1. What does pet insurance typically cover?

   • Pet insurance typically covers veterinary expenses related to accidents, illnesses, and in some cases, preventive care.

2. Are pre-existing conditions always excluded?

   • While pre-existing conditions are often excluded, some companies may offer coverage or waiting periods for certain conditions.

3. How does the claims process work?

   • The claims process involves submitting invoices and relevant documents to the insurance provider, who then assesses the claim and processes reimbursement.

4. Can I use any veterinarian with pet insurance?

   • Most pet insurance policies allow you to choose any licensed veterinarian, providing flexibility in your pet's care.

5. Is pet insurance worth it for healthy pets?

   • Pet insurance can be beneficial for healthy pets, offering coverage for unforeseen accidents and providing peace of mind to pet owners.