Having a pet insurance policy may assist ease the financial burden of high veterinary bills if your pet is injured or becomes unwell. Most pet insurance companies in 2024 repay you for covered charges. However, you will still need to pay your veterinarian up front.
Selecting various kinds of pet insurance companies in 2024 that are reasonable provides a variety of plan options. Additionally, they meet your pet’s coverage requirements which are essential in maximizing your benefits. Furthermore, this article assesses the best pet insurance companies of 2024.
Best Pet Insurance Companies Of 2024
A pet insurance policy can assist in defraying your four-legged friend’s veterinary bills. But it’s not always simple to find the perfect fit. We conducted extensive research to help you select the best pet insurance companies for 2024 for you and your pet. The best pet insurance companies of 2024 in the United States are listed below.
Pet Best
Out of all the companies we looked at, Pets Best has the finest balance of basic coverage and the lowest cost for annual unlimited coverage in 2024. With so many deductible options, you can better plan your finances for potential claims. Additionally, you can include regular pet care costs in a health plan.
Pets Best offers a 3-day accident coverage waiting period, a 24/7 telehealth line, and direct vet payment. For broader coverage, consider Pets Best Plus or Elite plans. Furthermore, it also offers reimbursement options including 70%, 80%, and 90%, with waiting periods ranging from 3 days to 6 months. Lastly, it has a multipet discount of 5%, and euthanasia or end-of-life expenses are included.
Embrace
In our ranking of the best pet insurance companies, Embrace is tied for second place in 2024. It provides policyholders with several alternatives for personalizing their rates and includes an add-on for wellness care in addition to policies that cover diseases and accidents. Plans and insurance offered by Embrace include accident-and-illness coverage limited to accidents.
The former program is exclusively for dogs and cats aged 14 or under, while the latter program is only available to pets aged 15 and above. Additionally, it offers three tiers of routine wellness coverage with a Healthy Pet Deductible, reducing deductibles by $50 annually.
The company offers low pet insurance with waiting periods of 48 hours for accidents and 14 days for illnesses. Policies for accidents and illnesses provide reimbursement rates between 70% and 90%, deductibles between $100 and $1,000, and coverage limits between $5,000 and infinite.
Figo
Figo offers affordable cat insurance rates, with a 100% reimbursement option for vet costs up to the annual limit, reducing out-of-pocket expenses for pet owners. It provides a comprehensive accident and illness plan with three reimbursement maximums, covering nonroutine dental care, alternative treatments, hereditary conditions, health care, and veterinary exam fees.
Although there are other pet insurers with mobile apps, Figo’s Pet Cloud offers more functionality than just bill-paying and claim submission. Additionally, you can meet other pet parents, arrange the medical records for your pet, and have a live conversation with a veterinarian. The policy covers accident, illness, and wellness, with age limits and waivers through a veterinary exam, with waiting periods ranging from one day for accidents to six months for orthopedic injuries.
Healthy Paws
Healthy Paws provides lifetime and yearly coverage caps that are indefinite. Because its monthly costs are lower than those of comparable plans provided by rivals like Prudent Pet or Spot, it is our choice for the most reasonably priced unlimited coverage.
In comparison to other suppliers, Healthy Paws processes the majority of claims in two business days. The plan offers alternative and chiropractic treatments, donates $1.7 million to shelters, and has a 12-month waiting period for hip dysplasia treatments. Healthy Paws is ranked fourth on our 2024 list of top pet insurance companies, offering average monthly premiums of $49 for dogs and $19 for cats.
Lemonade
Apart from providing pet insurance, Lemonade also provides life, auto, renters, and homeowners insurance. If an insured person bundles more than one policy, Lemonade will provide each policy a discount of up to 10%. The insurance has an average monthly cost for cats of $26.18 and a monthly cost for dogs of $46.29.
However, unless you purchase the relevant add-on, Lemonade’s pet insurance policies do not cover exam fees for covered illnesses or accidents. Lemonade does not provide direct payment, instead requiring upfront payment for services and reimbursement upon acceptance of a claim. Furthermore, the company provides a 10% discount on pet insurance when combined with another policy, second-best average premiums, and a two-day waiting period for accidents.
ASPCA
The ASPCA Pet Health Insurance policies cover inherited and congenital disorders, as well as pets with any health problem. Its plans cover hip dysplasia regardless of the age of your pet during enrollment. ASPCA sickness coverage is open to all ages, except for newly enrolled pets that are no longer eligible for disease coverage at this age.
Additionally, pet owners can get their claims reimbursed without having to undergo an exam. The ASPCA offers a 14-day waiting period for accidents and illnesses, with reimbursement rates ranging from 70% to 90% for eligible pet owners. Furthermore, its plans include an optional add-on for preventative care with no waiting time and an annual deductible.
Fetch
Similar to other pet insurance companies in 2024, Fetch provides a range of health coverage add-ons and annual coverage restrictions. Additionally, it distinguishes itself by covering a wide range of expenses not included in typical policies. Pet hospitalization fees include exam fees for accident or illness-related visits, as well as boarding or kennel fees for at least four days of hospitalization.
This could wind up saving you a significant amount of money if your pet has complicated needs. Fetch offers additional coverage options with pet age restrictions, annual coverage limits, reimbursement rates, and annual deductions ranging from $300 to $700.
Spot
Spot is the best option for unlimited coverage because it serves pet parents who want to maximize their pet’s coverage at any cost. Moreover, given that there is no age limit for coverage, Spot is also a great option for elderly pets.
Spot makes it easy for you to optimize your pet’s coverage since it offers a complete (100%) coverage option, which eliminates any co-payment obligations. Furthermore, the organization provides a very low ($100) deductible option to further minimize your out-of-pocket medical expenses. However, selecting a low deductible or a low co-payment will result in higher insurance costs.
Trupanion
Trupanion offers unique coverage for pets, including foods, supplements, and herbal treatments, starting at birth, unlike most other insurers that start coverage at eight weeks old. Additionally, it offers unlimited pet vet care coverage, with add-on options for dental care, behavioral therapy, rehabilitation, and congenital/hereditary conditions, excluding certain ailments.
Trupanion offers direct vet reimbursement for partner veterinarians but has a longer waiting period for accidents and illness, no health coverage, and no discounts for multiple pets. However, benefits like prescription foods and unlimited annual coverage make it worth considering.
MetLife
Metlife has lower waiting times for some conditions and has comparable prices for pets. The insurance also offers low deductibles, a sample policy you may review before choosing, and strong financial standing, which means you, can count on qualifying claims being paid out.
Additionally, there are several discount options, including those for first responders, veterans, military personnel, and healthcare professionals. MetLife offers pet insurance with coverage limits ranging from $500 to $25,000, reimbursement rates ranging from 50% to 100%, and annual deductions ranging from 0 to $2,500.
Final Thoughts
You can take your budget and veterinary care costs into account when searching for the best pet insurance provider. Additionally, investigate the features, alternatives, and exclusions of insurance. Think about features that offer direct pay options, waiting periods, age limits, and 24/7 vet assistance. Furthermore, when choosing a company, take client happiness and health circumstances into account.