Emergency treatments for your pet can cost between $1,000 and $5,000, plus exam fees of $100-$150 and X-rays or other diagnostic procedures of $150-$250.
These expenses can quickly add up, resulting in out-of-pocket expenses for you when your beloved pet becomes ill or injured. Fortunately, pet owners can purchase an affordable pet insurance policy to help reduce those costs and provide peace of mind.
Lemonade: Overall Winner
We rated Lemonade as the 'Best Overall' pet insurance provider, awarding it a score of 96 out of 100. The company's low prices, high coverage limits, and wellness and extra coverage add-ons impressed us. Lemonade also has an easy-to-use mobile app that uses AI technology to help you get a quote, sign up for a policy, and file claims.
Lemonade primarily lost points because of its BBB C rating, which is lower than that of many competitors. Although it received this rating due to the large number of registered complaints, we noticed that the majority of complaints were about Lemonade's other insurance products, such as homeowners and renters insurance, rather than pet insurance.
Lemonade Pros & Cons
Pros
Customers can save money by paying annually.
Customers' unused premiums are donated to charities.
For accidents, there is a 48-hour waiting period.
Cons
Before enrollment, a medical report from the previous 12 months is required.
Plans for Lemonade Pet Insurance
Lemonade has an Accident and Illness Plan, as well as three wellness and extra insurance coverage add-ons. This provider, like many of its competitors, excludes elective procedures, behavioral treatments, and pre-existing conditions from its policies, and it requires a recent medical report from the previous 12 months before beginning coverage.
Accident and Illness Plan: This plan covers injections, prescription medications, outpatient care, specialty care, emergency care, hospitalization, surgery, blood tests, urinalysis, X-rays, MRIs, labwork, CT scans, and ultrasounds associated with accidents and injuries.
Options for coverage include:
Reimbursements of 70%, 80%, and 90% are available.
Annual coverage limits of $5,000, $10,000, $20,000, $50,000, and $100,000 are available.
Deductibles of $100, $250, and $500 are available.
Add-Ons that are available
Preventive Medicine
Fees for Veterinary Visits
Rehabilitation Therapy
Spot : Most Customizable Plans</b>
Spot's customized premiums can be very low when compared to other top insurers, with six coverage limit options, three reimbursement options, and five annual deductibles to choose from. Spot received a 91 out of 100 for its plan options and affordability, but it was penalized for providing limited wellness and preventative care.
Spot Pros & Cons
Pros
There is a 30-day money-back guarantee.
Its basic plan includes exam fees.
Microchip implantation is included.
Cons
Has higher prices on plans with an annual limit of infinity.
Both accidents and illnesses have a 14-day waiting period.
Spot Insurance Plans for Pets
Spot provides two coverage options: accidents only or accidents and illnesses. Consider the Accident-Only Plan for the most affordable option, but keep in mind that it has limited coverage and may leave your pet vulnerable to illness-related emergencies. Each plan is summarized below:
Accident-Only Plan: This plan only covers accident-related procedures such as injuries, swallowed objects, and toxic ingestions. This plan includes the following customizable options:
Reimbursements of 70%, 80%, and 90% are available.
Annual coverage limits of $2,500, $4,000, $5,000, $7,000, $10,000, and unlimited
Deductibles of $100, $250, $500, $750, and $1,000 are available.
This plan covers procedures for accidents, excessive licking, tail chasing, destructive chewing, gingivitis, periodontitis, cancer, respiratory infection, diabetes, hip dysplasia, and heart disease. It also covers some preventive services, such as annual exams and heartworm prevention. This plan has the same coverage options as the Accident-Only Plan.
Both plans exclude any pre-existing conditions that your pet may have prior to the effective start date of your policy or at any time during the 14-day waiting period.
Embrace: Best Deductibles
Embrace provides a variety of deductible options to help you tailor your premium. It also provides a declining deductible benefit known as the Healthy Pet Deductible, which credits each pet owner with $50 toward lowering their deductible for each year they do not file a claim. This deductible can assist in lowering out-of-pocket expenses following an unexpected injury or illness. Embrace received a score of 93.5 out of 100 during our review, scoring well for affordability and plan options but losing points for lower coverage limits.
Embrace Pros & Cons
Pros
Provides a 10% multi-pet discount as well as a 5% military discount.
Its wellness plan reimburses 100% of costs up to a predetermined limit.
Provides a free review of your medical history.
Cons
There is no maximum coverage option.
Its wellness plan only covers up to $650 per year, which is less than that of other providers.
Embrace Pet Insurance Plans
Embrace offers one standard pet insurance plan for accident and illness coverage, as well as a wellness add-on that provides annual reward amounts toward certain routine vet bills. Here's what each coverage option includes:
This plan covers procedures such as lab tests, CT scans, surgery, and hospitalizations for cancer, chronic conditions, congenital conditions, dental trauma, genetic conditions, and emergency accidents or illnesses. When deciding on a premium, consider the following coverage options:
Reimbursements of 70%, 80%, and 90% are available.
Annual coverage limits of $5,000, $8,000, $10,000, $15,000, and $30,000 are available.
Deductibles of $200, $300, $500, $750, and $1,000 are available.
Wellness Rewards for Routine Care: This optional add-on covers $250, $450, or $650 of preventative care per year. Routine veterinarian visits, microchipping, heartworm medications, spay or neuter surgery, acupuncture, vaccinations, prescription diet food, and grooming are all part of preventative care.
ASPCA Pet Health Insurance: Best for First-Time Pet Owners
ASPCA Pet Health Insurance is not only one of the most affordable pet insurance providers on the market, offering customizable standard plans and wellness add-ons, but it also received an 89 out of 100 in our review, proving to be the best provider for new pet parents.
You may have a lot of questions if this is your first dog or cat. The ASPCA Pet Health Insurance intends to provide answers to your questions through online resources that include information about each pet breed and common health conditions. It also has a mobile app with a unique local vet finder tool.
ASPCA Pros & Cons
Pros
Covers vet visit and exam fees, which are frequently overlooked by competitors.
Coverage for microchip implantation is included in its standard policies.
Provides an accident-only plan option for low-cost pet insurance coverage.
Cons
Does not provide coverage annual limits in excess of $10,000 per year.
Accidents have a 14-day waiting period.
ASPCA Pet Health Insurance Plans
ASPCA Pet Health Insurance, like Spot, provides a low-cost accident-only plan for those who only need coverage for accidents or injuries and do not want to pay for a more comprehensive option. Pre-existing conditions, elective surgeries, cosmetic procedures, or issues related to breeding or pregnancy are not covered by any of its plans.
Lower reimbursement rates, higher deductibles, and lower annual coverage limits can all help you save money on your monthly premium. Here are your choices:
Rates of reimbursement are 70%, 80%, and 90%.
Annual deductibles of $100, $250, and $500 are available.
Annual coverage limits of $3,000, $4,000, $5,000, $7,000, and $10,000 are available.
Here's more information on each coverage plan and wellness add-on, as well as what they cover:
Accident-Only Insurance
Complete ProtectionTM
Basic Preventative Strategy
Primary Preventative Strategy
Healthy Paws: Maximum Coverage
Healthy Paws distinguishes itself from the competition by providing an unlimited coverage limit at reasonable rates with no per-incident, annual, or lifetime maximum payout—it will pay the amount you require, no matter what. We gave Healthy Paws a score of 93.5 out of 100 and recommend requesting a quote to compare prices on its comprehensive policies. For higher-quoted rates, the company will refer you to other pet insurance providers who can provide you with lower rates.
Healthy Paws Pros & Cons
Pros
There is a 30-day money-back guarantee.
Has a mobile app for policy and claim management.
Is the best buy for mixed breeds
Cons
There is no wellness or preventative care plan in place.
There is only one coverage limit option available.
Pet Insurance Plans from Healthy Paws
This insurer offers a single policy that covers procedures for illnesses, accidents, hereditary conditions, chronic conditions, congenital conditions, and cancer. Diagnostic treatments, X-rays, blood tests, ultrasounds, surgery, hospitalization, prescription medications, specialty care, and alternative treatments are examples of procedures.
This plan does not cover any pre-existing conditions that develop prior to enrollment or during the waiting period.
Healthy Paws only offers one unlimited maximum payout option, but here are the reimbursement percentages and deductibles you can choose from to help customize your premium:
Reimbursements of 70% or 80%
Deductibles of $250 or $500
Fetch: The most comprehensive coverage
Fetch provides low-cost pet insurance policies for dogs and cats all over the country. It received a 91.5 out of 100 in our review of top insurers for its comprehensive accident and illness coverage, which covers all holistic care your pet may require, including homeotherapy, hydrotherapy, stem cell therapy, laser therapy, acupuncture, chiropractic care, and behavioral therapies up to $1,000.
Fetch Pros & Cons
Pros
Provides a 15% discount on policy renewals after a year of not filing a claim.
Has three coverage limits, deductibles, and reimbursement rates that can be customized.
There is an online chat available.
Cons
Does not provide wellness or preventative care plans.
There is no multi-pet discount.
Fetch Plans
Fetch reimburses you for procedures and treatments related to covered accidents and illnesses for your pet. It also covers a few things that other providers don't, like reward money for finding a lost pet, exam fees, sick visit fees, and boarding fees if you're hospitalized for more than four days. Pre-existing conditions, elective procedures, or preventative care are not covered by Fetch.
X-rays, CAT scans, diagnostic tests, cancer treatments, prescription medications, surgery, rehabilitation, lab tests, tooth extractions, hospitalization, specialty care, and other treatments may be covered under a Fetch policy.
When requesting a Fetch quote, you can select from the following options for customized pricing and coverage:
Rates of reimbursement are 70%, 80%, and 90%.
Annual deductibles of $250, $300, and $500 are available.
Annual coverage caps of $5,000, $15,000, and unlimited are available.
Pawp: Best insurance for Multiple Pets
Pawp is a digital veterinary clinic that gives members unlimited access to a live vet chat and video calls 24 hours a day, seven days a week for any questions or advice they may need for their four-legged companions. Each membership also includes $3,000 in emergency coverage.
Pawp received a 90 out of 100, with points deducted for a lack of preventive care coverage and a low coverage maximum.
Pawp Pros & Cons
Pros
Provides online veterinary services 24 hours a day, seven days a week.
There are no deductibles or copays.
Veterinarians are paid directly.
Cons
It does not provide wellness or preventative care.
There is no BBB rating.
Pawp Plans
Each Pawp membership includes the Emergency Plan, which covers accidents and illnesses up to $3,000 per year. Common illnesses, hereditary conditions, injuries, blockages, and choking are examples of emergencies. Covered procedures or vet visits must qualify as an emergency, and your pet's eligibility will be verified by an official Pawp vet before you can access the funds.
Scheduled surgeries, regular checkups, wellness exams, preventative care, vaccinations, and pregnancy-related issues are not covered under this plan.
Pawp's plan pays vets directly rather than reimbursing you after a claim, which distinguishes them as a top pick.
Pricing for Pawp Pet Insurance
Pawp's pricing structure is straightforward. Each membership, which includes the Emergency Plan, costs $24 per month in advance. This price includes cats or dogs of any species, breed, or size, as well as up to six pets, making it an excellent choice for anyone who owns multiple animals.
Our Final Thoughts
We discovered that Lemonade, Embrace, Healthy Paws, Spot, Pawp, and ASPCA Pet Health Insurance provide the most affordable coverage among the cheap pet insurance companies. Consider getting a free quote from Lemonade if you're looking for the best overall provider. Get a free quote from Healthy Paws and Spot if you want high coverage limits or customizable plans.
Finally, we recommend obtaining quotes from several different providers in order to compare plan pricing and coverage.
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