Posted by Pet insurance is important for any pet owner who wants to make sure their furry friend is covered in case of an emergency. Not all pet insurance policies are created equal, however, and some offer more comprehensive coverage than others.
To help you find the best policy for your needs, we’ve compiled a list of the cheapest pet insurance companies that cover everything from accidents and illnesses to routine care and more.
Before we dive right in, let’s check out some of the benefits of insurance for your furry friends.
Benefits of Pet Insurance
The following are some of the benefits of pet insurance:
- Pets are like family members, and it’s important to make sure they are taken care of in case of an emergency
- Without pet insurance, vet bills can quickly add up, costing thousands of dollars
- Pet insurance can provide peace of mind, knowing that your pet will be taken care of if something happens
- Many policies cover preventative care as well as accidents and illnesses, which can help keep your pet healthy and happy
- Pet insurance can help you budget for your pet’s care, knowing that you have a set monthly premium.
List of the Cheapest Pet Insurance Companies That Cover Everything
The following is a list of the best cheap pet insurance providers for your furry friends:
- Lemonade
- Figo
- Healthy Paws
- ASPCA Pet Health Insurance
- Embrace
- ManyPets
- Pawp
- PetFirst
- Pets Best
- Trupanion.
Insight on the Most Affordable Pet Insurance Companies That Cover Everything
Lemonade
- Year Founded: 2015
Pros
- Fast and easy claims process, with most claims processed within minutes
- Multi-pet discount
- There is no age limit for enrollment.
Cons
- No wellness or preventive care coverage
- Limited coverage compared to other companies.
Description
Lemonade is an online-only insurance company that offers pet insurance to pet owners. The company is very good when it comes to fast claim processing, and it is committed to being transparent.
Lemonade’s pet insurance policies are customizable, so you can choose the coverage that’s right for your pet. It also offers a preventative care package, which covers the wellness of your pets.
Figo
- Year Founded: 2012
Pros
- There is no upper age limit for enrollment
- Wellness and preventative care coverage is available
- 24/7 customer service
- A+ rating from the Better Business Bureau.
Cons
- The policy does not cover pre-existing conditions
- There are not as many discounts as some other companies
- Some customers have reported issues with customer service.
Description
Figo offers comprehensive pet insurance policies that cover accidents, illnesses, preventive care, etc. Its policies are customizable, so you can choose the level of coverage that’s right for your pet.
Also, this company has a 24/7 customer service team, and it has received positive reviews from customers.
Healthy Paws
- Year Founded: 2009
Pros
- Unlimited lifetime coverage with no payout limits
- Low annual deductible
- Covers hereditary and congenital conditions
- Wellness and preventative care coverage are available.
Cons
- Only available in the United States
- Does not cover pre-existing conditions
- Some customers have reported issues with claims processing
- The annual deductible may be too high for some budgets.
Description
This company offers accident and illness coverage with no limits on age, pre-existing conditions, or claim payouts.
Healthy Paws also covers hereditary and congenital conditions, as well as alternative therapies like acupuncture and chiropractic care.
The company has a high rating from A.M. Best, and it has received positive reviews from customers.
ASPCA Pet Health Insurance
- Year Founded: 2006
Pros
- Wellness and preventative care coverage is available
- Covers hereditary and congenital conditions
- 24/7 customer service.
Cons
- Does not cover pre-existing conditions
- An annual deductible may be too high for some budgets
- Not all veterinarians accept ASPCA.
Description
ASPCA Pet Health Insurance is a pet insurance company that offers accident and illness coverage, as well as preventive care coverage.
The company offers a 10% discount for multiple pets, and you can choose from three different reimbursement levels.
ASPCA has a high customer satisfaction rating, and it has been given an A+ rating by the Better Business Bureau.
Embrace
- Year Founded: 2006
Pros
- Low annual deductible
- Covers hereditary and congenital conditions
- A+ rating from the Better Business Bureau
- Donate to the AKC Canine Health Foundation.
Cons
- Does not cover pre-existing conditions
- Not all veterinarians accept Embrace policies
- The annual deductible may be too high.
Description
This company offers comprehensive accident and illness coverage for your pets without limits on age or claim payouts.
Embrace also covers chronic and hereditary conditions, as well as dental care and behavioral therapy. When it comes to this company, there is no waiting period for accidents or illnesses, and it offers a diminishing deductible feature that reduces your deductible by $50 for every year you don’t file a claim.
ManyPets
- Year Founded: 2012
Pros
- Lifetime coverage with no payout limits
- Wellness and preventative care coverage is available
- Multi-pet discount
- 24/7 customer service.
Cons
- Does not cover pre-existing conditions.
- Some customers have reported issues with claims processing
- May not be the best option for high-risk breeds
- Higher premiums than some others.
Description
ManyPets is a relatively new pet insurance company that offers comprehensive coverage at an affordable price.
The company’s policies have no payout limits and no pre-existing condition exclusions. ManyPets also offers a range of plan options to suit different budgets, as well as a multi-pet discount.
ManyPets also has an A+ rating from the Better Business Bureau and offers 24/7 customer service. One potential downside of ManyPets is that it’s not available in all states.
Pawp
- Year Founded: 2008
Pros
- Low monthly cost with no deductible
- Covers pets of any age
- Provides access to 24/7 virtual vet care
- Only requires a monthly membership; no long-term contract.
Cons
- Limited to urgent care, doesn’t cover routine care or preventative care
- Not all veterinarians accept Pawp policies
- There is no multi-pet discount.
Description
Pawp is a pet insurance company that offers accident and illness coverage, as well as a 24/7 virtual vet service.
The company has no per-incident or annual limits, and its policies are available for pets of any age. Pawp also offers a unique emergency fund that can cover up to $3,000 in emergency expenses.
One of the company’s most unique features is its dedicated team of customer service representatives, who are available 24/7 to help you with any questions or concerns you may have.
PetFirst
- Year Founded: 2004
Pros
- Low annual deductible
- Includes coverage for alternative therapies
- 24/7 customer service
- Wellness and preventative care coverage are available.
Cons
- Only covers accidents and illnesses, not routine care
- Does not cover pre-existing conditions
- Higher premiums than some other companies.
Description
This company offers accident and illness coverage, as well as preventive care and wellness coverage. It has no upper age limit for enrollment, and the company offers a multi-pet discount.
One of the company’s unique features is its fast and easy claims process, which allows you to file a claim online or by phone.
The company also has a dedicated customer service team that is available 24/7 to help you with any questions or concerns you may have.
Pets Best
- Year Founded: 2005
Pros
- Low annual deductible
- Reimburses based on actual vet bill
- 24/7 customer service
- Donates to animal charities.
Cons
- Does not cover pre-existing conditions
- Higher premiums than some other companies
- Does not include coverage for alternatives.
Description
Pets Best is a pet insurance company that offers a variety of policies, including accident and illness coverage, wellness coverage, and an option for pre-existing conditions.
Its policies have no upper age limit for enrollment, and the company offers a multi-pet discount. The company also has a dedicated customer service team that is available 24/7. Pets Best has an A+
One of the company’s unique features is its “Best Benefit” program, which provides access to a range of discounts and services, including pet sitting, dog training, and vet-recommended food and products.
Trupanion
- Year Founded: 2000
Pros
- No deductibles or copayments
- Reimburses 90% of eligible costs
- 30-day money-back guarantee
- Multi-pet discount.
Cons
- Does not cover pre-existing conditions
- It has only one plan option.
Description
Trupanion offers a single accident and illness policy, which covers 90% of eligible veterinary costs with no payout limits.
The policy also includes coverage for hereditary and congenital conditions. Trupanion has no upper age limit for enrollment, and the company offers a multi-pet discount.
One of the company’s unique features is its direct pay benefit, which allows you to submit a claim directly to the company and have it pay your vet directly.
This can help make the claim process faster and easier. The company also has a dedicated customer service team.
Table Showing the Average Monthly Premium and Rating of the Most Cheap Pet Insurance Providers
| S/N | INSURER | RATING | AVERAGE MONTHLY PREMIUM FOR DOG | AVERAGE MONTHLY PREMIUM FOR CAT |
|---|---|---|---|---|
| 1 | Lemonade | 4.8 | $23.22 | $11.00 |
| 2 | Figo | 4.6 | $26.48 | $13.28 |
| 3 | Healthy Paws | 4.8 | $48.65 | $22.73 |
| 4 | ASPCA Pet Health Insurance | 4.5 | $43.29 | $23.73 |
| 5 | Embrace | 4.4 | $72.84 | $39.60 |
| 6 | ManyPets | 4.9 | $36.00 | $16.00 |
| 7 | Pawp | 5.0 | $42.30 | $20.23 |
| 8 | PetFirst | 4.2 | $50.00 | $18.00 |
| 9 | Pets Best | 4.3 | $28.55 | $24.88 |
| 10 | Trupanion | 4.1 | $60.00 | $48.21 |
Tips for Choosing the Right And Affordable Insurance for Your Pets
- Decide what type of coverage you need (accident and illness, wellness, or both)
- Consider your budget and how much you’re willing to pay each month
- Check the company’s reputation and reviews from customers
- Read the policy terms and conditions carefully to make sure you understand what is and isn’t covered
- Compare different policies to find the one that’s best for you and your pet
- Ask about any discounts or promotions that may be available
- Consider getting a free quote from several companies to compare prices.
FAQs on the Cheapest Pet Insurance Companies That Cover Everything
Do all pet insurance policies cover pre-existing conditions?
No, not all pet insurance policies cover pre-existing conditions. Most pet insurance policies sort of exclude pre-existing conditions, which means that any conditions your pet had before you purchased the policy are not covered.
Is pet insurance worth the cost?
Whether or not pet insurance is worth the cost depends on several factors. If your pet is young and healthy, you may not need to purchase pet insurance. However, if your pet is older or has a pre-existing condition, pet insurance can be a valuable investment.
What is the claims process like?
The claims process for pet insurance is typically straightforward. Most companies require you to submit a claim form, along with supporting documentation such as a vet bill or invoice, to their claims department. If the expenses are covered, the insurance company will reimburse you for the cost of treatment, minus any deductible or co-pay that may apply. Some companies also allow you to submit claims online or through a mobile app, making the process even easier.
Do I need to use a veterinarian that is in-network with my pet insurance company?
It depends on your pet insurance policy. Some policies require you to use an in-network veterinarian to be reimbursed for your pet's care. In-network veterinarians have agreed to charge a set fee for certain services, which makes it easier for the insurance company to process claims. Other policies allow you to use any licensed veterinarian, but you may have to pay a higher co-pay or percentage of the bill if you choose an out-of-network vet.
How do I choose the best pet insurance policy for my needs?
To choose the best pet insurance policy for your needs, there are a few factors to consider. First, you'll need to determine your budget and how much you're willing to pay for coverage. Next, think about your pet's specific needs, such as age, breed, and health. Some policies are more suited to older pets, while others are better for young, healthy pets. You'll also want to consider the policy's coverage, such as whether it covers routine care, behavioral therapy, or alternative therapies. And finally, you'll want to look at the insurer's reputation, including customer service ratings and claims processing times.
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- 5 Cheapest Pet Insurance for Dogs in the UK.
Conclusion
Pet insurance can be a valuable investment, helping to cover the cost of unexpected vet bills and providing peace of mind.
There are many different affordable pet insurance companies and policies to choose from, so you must do your research to find the right one for you and your pet.
The cheapest pet insurance policy may not always be the best option, so make sure to weigh all the factors before making a decision.