Top 10 Best Pet Insurance Companies In 2022

Pet insurance is a necessity for every pet owner. The cost of veterinary care has risen to such an extent that most people can’t afford it without some sort of help. 


Healthy-Paws

#1 Winner of Best Pet Insurance Companies “Healthy Paws”


Also, while you may be able to find the time and resources to provide food, water, shelter, and love for your pet, you might not have enough money left over at the end of the month for costly medical procedures and medications if something unexpected were to happen. 

Thankfully, there are many companies in this industry that offer competitive rates on their policies, which we will explore below. 

So why do we need pet insurance? 

Medical treatments for pets often range from $200-$600 per visit or even higher depending on what’s needed – with anesthesia being one of the most expensive costs. 

Add to that the cost of diagnostics, surgery, follow-up care, and medications, and you can see why pet insurance is a wise investment. 

Not all pet insurance policies are created equal, so it’s important to do your research before choosing one. 

Some companies offer more comprehensive coverage than others, and the rates vary. 

You’ll also want to make sure the company you choose is reputable and has a good track record. 

To help you in your search, we’ve compiled a list of the 10 best pet insurance companies in 2022. 

These companies offer a variety of plans with different levels of coverage, so you’re sure to find one that fits your budget and your pet’s needs. 

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Summary

  • Best Overall – Healthy Paws
  • Best For Pets With Pre-Existing Conditions – Pet Assure
  • Best for Fast Claims Processing – Lemonade
  • Best For Holistic Care – Figo
  • Most Experienced Pet Insurance Company – ASPCA
  • Best For Routine Care – PetFirst
  • Best For Older Pets – Embrace
  • Best For Basic, Affordable Coverage – Pets Best
  • Best for Unlimited Coverage – Spot
  • Best For Preventative Care – Pumpkin

Top 10 Best Pet Insurance Companies In 2022

Best Pet Insurance Companies
Best Pet Insurance Companies

1. Healthy Paws — Best Overall

Healthy Paws
Healthy Paws

Healthy Paws’ plans have unlimited annual and lifetime coverage limits, unlike those offered by other pet insurance companies. 

This benefit protects policyholders from exceeding their coverage limits and having to pay for costly vet expenses out of pocket. 

Compared to the monthly rates of unlimited coverage plans from other providers, Healthy Paws’ monthly prices are also more reasonable.

Accidents and illnesses are covered under one plan with Healthy Paws. 

It includes veterinarian procedures such as X-rays, lab testing, prescription medicines, hospitalization, nursing care, essential medical supplies, and euthanasia at no cost to the owner. 

Elective surgeries, pre-existing conditions, boarding, microchipping, and hip dysplasia are not covered (within the first 12 months of the policy).

Pros and Cons

Pros

  • There are no per-incident, yearly, or lifetime limits.
  • Alternative therapy for diagnosed diseases is covered.
  • Fast claim processing
  • Under certain circumstances, direct payments are possible.

Cons

  • Only one policy is available.
  • Hip dysplasia coverage is not available for dogs above the age of six.

2. Pet Assure — Best For Pets With Pre-Existing Conditions

Pet Assure
Pet Assure

If your pet has a pre-existing condition that isn’t covered by insurance, Pet Assure is the best option. 

It’s not quite pet insurance, but it’s a discount plan that offers 25% off all in-house medical treatment at participating veterinarians with no need to file a claim. 

There are no waiting periods, deductibles, or yearly maximums to worry about. Just make sure your veterinarian accepts this insurance before registering.

Only a few things are not covered: non-medical services, lab work or other services that are outsourced, food, medicines, and so on. 

You also can’t use the Pet Assure discount plan in conjunction with your veterinarian’s own discount program.

Plans for one small or big pet (depending on weight), multiple animals, or a multi-pet plan (covering up to four animals of any size) are all available via Pet Assure. 

If you have five or more animals, the unlimited package is for you. When you pay yearly instead of monthly, you can save around 30%.

Pros and Cons

Pros

  • All types of pets are covered.
  • Monthly costs are low.
  • There are no deductibles or yearly limitations.
  • Pays for pre-existing conditions

Cons

  • Only 25% of costs are covered.
  • Only in-network veterinarians are eligible (which number about 5,600)

3. Lemonade – Best for Fast Claims Processing

Lemonade
Lemonade

Customers all over the country can get renters insurance, homeowners insurance, and pet insurance with Lemonade. 

Its pet insurance premiums are less expensive than many competitors, making them especially appealing to pet owners on a budget. 

Lemonade also has a great mobile app for keeping track of your pet’s health, making claims, and keeping track of your insurance coverage and payments.

Lemonade provides a single plan covering diagnostic testing, hospitalizations, surgery, cancer treatments, broken bones or sprains, prescription prescriptions, and more for both accidents and diseases. 

Lemonade does not cover pre-existing diseases, elective or cosmetic operations, and behavioral therapies.

Lemonade also provides a preventive care add-on to your insurance for an extra monthly fee, which includes a wellness check, heartworm test, bloodwork, and three vaccinations. 

In addition to physical therapy treatments, such as chiropractic care and acupuncture, you may include coverage for vet visits and exam expenses.

Pros and Cons

Pros

  • Quick claim processing through a mobile app – in minutes instead of weeks.
  • A portion of the proceeds is donated to animal welfare organizations.
  • There are many discounts available.

Cons

  • Limited information online
  • Only available in 36 states

4. Figo — Best For Holistic Care

Figo
Figo

Figo’s pet insurance policies are among the most comprehensive in the market, with a best-in-class 100 percent reimbursement for covered expenditures. 

Pet owners can opt between a $5,000, $10,000, or unlimited yearly benefit, with reimbursement rates ranging from 70% to 100%.

You may also add coverage for veterinarian exam expenses and wellness care to your pet insurance plan. 

For accidents, there is simply a one-day waiting period (the time it takes for your coverage to start) and a regular 14-day waiting period for sickness coverage.

A distinguishing feature Figo offers is an optional supplementary care pack that covers cremation or burial charges, lost pet advertising, vacation cancellation due to a pet emergency, boarding bills, pet theft or loss, and third-party property damage liability up to $10,000 per policy.

Pros and Cons

Pros

  • Holistic treatment is included in the basic plan.
  • Virtual veterinarian visits are available 24/7.
  • Visit any licensed veterinarian
  • 30-day money-back guarantee

Cons

  • Exam costs are not covered under the basic plan.
  • Knee injuries and orthopedic conditions have a six-month waiting period.

5. ASPCA – Most Experienced Pet Insurance Company

ASPCA
ASPCA

The American Society for the Prevention of Cruelty to Animals (ASPCA) provides accident-only, accident and sickness, and preventative care for cats and dogs. 

Horse owners can insurance their horses as well, but only in specific states.

The ASPCA’s premium prices are among the most reasonable in the market, and the provider is also more flexible on key insurance conditions than its competitors.

While other plans limit coverage for genetic or congenital disorders based on your pet’s age at enrollment, the ASPCA assures coverage regardless of your pet’s age at enrollment as long as the problems aren’t pre-diagnosed. 

Curable pre-existing conditions are also covered if your pet has been symptom-free for at least 180 days. Other companies may require you to wait up to a year.

This insurer, however, fails to impress with its long claim processing time. 

Pet care is costly, and waiting 30 days for insurance reimbursement isn’t a strong selling point, especially since other competitors process claims in days.

Pros and Cons

Pros

  • Discount for multiple pets (10 percent off per pet)
  • There is a smartphone app available.
  • Covers dogs and cats
  • Any licensed veterinarian in the United States or Canada can help you.

Cons

  • It could take up to 30 days for your claim to be processed.
  • Doesn’t provide unlimited benefits

6. PetFirst — Best For Routine Care

PetFirst
PetFirst

PetFirst, which was founded in 2004 and was acquired by MetLife in 2020, provides accident and sickness coverage for cats and dogs, as well as the opportunity to add regular care coverage.

PetFirst, like Embrace, has no upper age restriction for when you can buy coverage to insure your pet. The sole requirement is that they are at least eight weeks old.

With PetFirst’s policies, there are a few different ways to save money. 

For starters, it gives a discount if you have coverage for multiple pets. If you don’t submit a claim for a year, your deductible will usually decrease by $25.

While they get high marks for customer happiness and value, their typical premium prices are at the bottom end of the list. 

Exams and medicines are included, and you may add wellness care coverage if you want to. 

They cover genetic and congenital disorders, while some orthopedic problems have a lengthier waiting time before coverage kicks in.

Pros and Cons

Pros

  • Accident coverage after just 24 hours
  • Pre-existing diseases that are treatable are covered.
  • Customizable limits and extensive coverage
  • Coverage is available to licensed veterinarians in the United States.

Cons

  • There isn’t an accident-only plan available.
  • Individual yearly limits apply to preventive care treatments.

7. Embrace — Best For Older Pets

Embrace
Embrace

Embrace provides comprehensive pet insurance coverage and distinguishes itself by providing additional savings to pet owners. 

These include a 10% discount for each additional pet policy purchased, a 5% military discount, and an employee benefit program that provides 10% off to employees of organizations that offer Embrace pet insurance.

Embrace is willing to cover pets up to 15 years old for accidents and illnesses. You may still get insurance beyond that age, but just for accidents. 

That’s strange because most companies won’t insure pets over the age of ten in any way.

The Healthy Pet Deductible benefit from Embrace credits you $50 toward your deductible each year you don’t file a claim. 

This benefit could reduce your deductible to $0 if your pet does not become ill or injured for many years.

Pros and Cons

Pros

  • It Covers hospitalization and emergency treatment at any licensed clinic.
  • Accident-only plan available
  • Short waiting period for accidents
  • Depleting deductible program

Cons

  • There are additional expenses for registering and paying monthly.
  • Only dogs and cats are covered.

8. Pets Best — Best For Basic, Affordable Coverage

Pets Best
Pets Best

We pick Pets Best for the lowest monthly premium and solid plans for accident and sickness insurance. 

This insurance company is ideal for pet owners searching for low-cost coverage covering a basic range of usual vet expenses.

Despite its inexpensive pricing, this insurance includes a convoluted breakdown of what conditions are and are not covered in its three categories of service, which cover anything from basic checkups to acupuncture and chiropractic therapy. 

Accident waiting periods are also a little longer than competitors, beginning at three days, while sickness coverage is normal at three days.

Because many pet insurance policies do not cover all of these procedures, we appreciate that Pets Best provides service plans that include vaccinations, spay/neuter, bloodwork, heartworm preventatives, and more for an additional $16 to $26 monthly price.

However, you may get many of the same services at a reduced price via Figo or Pets Assure at this price. 

Pet owners who enroll more than one pet get a 5% discount, and if you purchase a pet from a participating adoption center or animal shelter, you may receive an additional 5% special discount code. 

Pets Best also has special discounts on training supplies, snacks, and other things.

Pros and Cons

Pros

  • Pets as young as seven weeks old are covered, and there is no maximum age restriction.
  • Prosthetic equipment and wheelchairs are covered.
  • Direct payments available
  • Wide range of deductibles

Cons

  • Parasite treatments not covered
  • Exclusions are applied on a bilateral basis.

9. Spot — Best for Unlimited Coverage

Spot
Spot

Spot Pet Insurance is a great option for pet owners looking for a low-cost accident-only policy. 

You can find the right amount of coverage at a fair cost since its plans are more customizable than most competitors, with yearly limit options ranging from $2,500 to unlimited. 

Additionally, Spot’s coverage covers a few things that many other pet insurance companies don’t, such as exam expenses and microchipping.

Spot uses the same insurer, United States Fire Insurance Company, as ASPCA Pet Health Insurance, thus its total coverage is similar. 

It provides coverage for unexpected injuries or other illnesses such as dental disease, cancer, heart disease, and more via an accident-only plan and an accident-and-illness plan. 

Spot, like other pet insurance companies, does not cover pre-existing conditions.

Pros and Cons

Pros

  • Deductible starting at $100
  • Covers alternative therapies including hydrotherapy and acupuncture
  • Unlimited annual coverage available
  • There is no upper age limit.

Cons

  • Premiums for young pets are higher than average.
  • There is no customer support available on weekends.

10. Pumpkin — Best For Preventative Care

Pumpkin
Pumpkin

Pumpkin, a newcomer to the pet insurance sector, provides comprehensive coverage that can reimburse you for a variety of conditions that other companies may deny, such as dental disease, behavioral issues, parasite infection, and genetic disorders.

In exchange, you’ll have to pay higher monthly rates. With a $100, $250, or $500 yearly deductible, Pumpkin provides 90 percent reimbursement coverage for dogs and cats. 

Choosing a lower deductible will result in a higher monthly payment. 

You may also add $11.95 – $18.95 to your monthly plan to cover all eligible wellness checkups, vaccines, and fecal test prices.

There is no age limit or breed restriction for eight weeks old or older pets. Waiting periods are usual (14 days before coverage begins), but Pumpkin does not have a specific waiting time for cruciate problems and hip dysplasia, unlike other pet insurance companies.

Pros and Cons

Pros

  • There is no upper age limit.
  • All conditions, including knee and hip dysplasia, have a 14-day waiting period.
  • Prescription food coverage
  • 30-day money-back guarantee

Cons

  • No customizable reimbursement levels
  • Options for deductibles are limited.

Conclusion

Pet insurance is a necessity for any pet owner. It can provide financial protection from unexpected vet bills, but it’s important to make sure you choose the best company possible before enrolling your furry friend. 

In this article, we’ve highlighted 10 of our favorite companies and reviewed what they offer in terms of coverage and pricing options so that you have all the information you need to find the perfect plan for your pup!


FAQs

How does pet insurance work?

Pet insurance works similarly to human health insurance. You pay a monthly premium to receive coverage for veterinary care. 

If your pet needs treatment, you go to the doctor, submit your receipts, and are reimbursed a certain percentage of what you paid.

Is pet insurance expensive?

It depends on the company you choose and the coverage you select. Generally, pet insurance is more affordable than the average vet bill, but it’s important to compare rates before signing up.

Is pet insurance worth the cost?

That depends on your individual situation. If you have a high-needs pet or are worried about being able to afford unexpected vet bills, pet insurance is definitely worth considering. 

Keep in mind that not all providers offer the same level of coverage, so be sure to do your research before enrolling.

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