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How Much Does Lemonade Pet Insurance Cost? (2024 Update)

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By Nicole Cosgrove

veterinarian holding cat and dog at veterinary clinic

If you are a pet owner without pet insurance, you may have experienced the unforeseen expenses that a sick or injured pet can accrue and the stress that may come with that financial burden.  Pet insurance can save you money and stress when it comes to your beloved pets, and Lemonade offers a basic policy that covers illness and injuries, with the option of add-on coverage.

The premiums are affordable, and Lemonade’s policies are easy to navigate and understand. The number one question is how much does Lemonade pet insurance cost? We break it down here for you.

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The Importance of Pet Insurance

Pets are family, and they deserve to receive proper care and medical treatment if the time arises. Preparation is key to getting your pet the best care, especially when it is unforeseen. By getting a pet insurance policy, you have peace of mind knowing that if your pet needs medical attention, the financial burden isn’t a weighing factor.

If your pet falls ill or acquires an injury, your insurance will likely cover those expenses. Having pet insurance will also motivate you to bring your pet to the vet if it is sick instead of waiting it out and risking them getting worse. The bottom line is that if you are covered with pet insurance, your pet will get the best veterinary care without having to worry about the cost.

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How Much Does Lemonade Pet Insurance Cost?

Lemonade is one of the most affordable insurance companies, thanks to technology. Most insurance companies have high overheads because they need more employees, so they charge higher premiums to customers. Lemonade has fewer overheads and low fraud costs due to AI, and its costs are much lower and can therefore offer lower premiums.

Lemonade premiums vary depending on the breed and age of your dog or cat, your location, and the level of coverage you require.

You may also be eligible for 5% off if you make an annual payment, 5% off if you sign up with multiple pets, and 10% off if you bundle Lemonade’s renters or homeowners’ insurance policies.

Policies are customizable with options on deductibles, annual coverage limits, and reimbursement rates. At Lemonade, a policy for a dog or cat starts at $10 per month. However, whether you can expect to pay that price is dependent on specific criteria.

Factors That Impact Your Pet Insurance Quote

Your pet insurance quote will vary depending on a few factors.

Cat vs Dog

Medical procedures are typically cheaper for cats. Therefore, cat insurance will be more affordable than insurance for a dog. Cats are less vulnerable to injury and risks because they are primarily inside, and dogs are also more prone to hereditary conditions.

Breed

Some breeds cost more to care for than others, and some are prone to hereditary conditions.

Age

Your pet’s age will naturally affect the price of the premium because, like humans, pets require more health care as they get older.

Location

Because vet care is more expensive in some states than others, the cost of your pet insurance premium may vary depending on where you live. That also means that a visit to the vet is more costly. However, that will not affect your premium but may affect how soon you reach your annual limit.

We found some quotes based on age and breed to give you an idea of the costs of a Lemonade base plan, which covers diagnostics, procedures, and medication. When applying for quotes, the pets had no history of chronic illness or conditions.

Quotes based on age:

Description Age Monthly Fee Vet visit add-on
American Shorthair male cat, living in New York 1 year $28.77/ month $5.56/ month
9 years $54.88/month $10.78/ month
Border Collie female dog, living in New York 1 year $53.40/month $10.48/ month
9 years $152.43/month $30.28/ month

Quotes based on Breed:

Description Breed Monthly Fee Vet visit add on
1-year-old male cat living in New York Maine Coon $32.02/ month $6.21/ month
1-year-old female cat living in New York Mixed breed $28.32/month $5.36/ month
1-year-old male dog living in New York Dachshund $49.44/month $9.69/month
1-year-old female dog living in New York Small mixed breed $37.40/month $7.29/month

Quotes based on location:

Description Location Monthly Fee Vet visit add-on
1-year-old mixed-breed cat Los Angeles/West Coast $24.17/month $4.66/month
1-year-old mixed-breed cat Florida/East Coast $16.92/month $3.18/month
1-year-old mixed-breed cat Arizona/Southwest $16.65/month $3.13/month
1-year-old, med mixed breed dog Los Angeles/West Coast $31.92/month $6.16/month
1-year-old, med mixed breed dog Florida/East Coast $27.91/month $5.28/month
1-year-old, med mixed breed dog Arizona/Southwest $26.80/month $5.16/ month

You can quickly get a quote online for your specific pet, location, and needs.

Additional Costs to Anticipate

Lemonade insurance plans have additional add-ons that you can mix and match to customize your policy.

Preventative Care Add-on

Two preventative packages can be added to your policy, and this add-on will help cover your pet’s routine care, such as annual wellness exams, heartworm exams, fecal tests, blood tests, vaccines, and FeLV/FIV tests. The preventative plus coverage includes dental cleaning and heartworm medication as well. If your pet is under 2 years old, the preventive plus package cost will be higher.

Vet Visit Fees

This additional add-on fee is a small amount that varies depending on your premium, and it is available to help pay for exam fees that add up when visiting the vet.

Physical Therapy

The physical therapy add-on covers physical therapy treatments that are not included in the standard policy. These include physical therapy, acupuncture, and hydrotherapy.

Dental Illness

This extra coverage will include dental care such as root canals, extractions, and treatments for gum disease.

Behavioral Conditions

This will cover any therapy recommended by your vet for behavioral conditions such as aggression and anxiety.

End of Life Remembrance

This add-on provides extra coverage to cover costs if your vet recommends euthanasia, cremation, and memorial items.

What Lemonade Pet Insurance Doesn’t Cover

Lemonade pet insurance doesn’t cover your dog or cat’s pre-existing conditions. These would be classified as anything that shows up in your pet’s medical history before the policy was active. Neglect is also not covered in the policy, as well as preventable situations.

If the pet owner has not provided a safe space and proper care, it could be considered neglect, including any health issues that may have been caused as a result.

Other exclusions include grooming, elective procedures, anal gland expression, issues related to breeding and pregnancy, and behavioral conditions.

How Can You Lower a Pet Insurance Premium?

You may be able to reduce your monthly premium by adjusting your pet health insurance policy’s co-insurance, deductible, and annual limit. Co-insurance is the percentage of the total cost of a claim that your insurance company will pay. Lemonade gives you options of 70%, 80%, and 90% co-insurance.

A deductible is another way for you to contribute to the cost of your claim. Your monthly premium will be lower if you have a higher deductible. Lemonade policies have annual deductibles of $100, $250, and $500. You can use it all up in one big claim or spread it over multiple claims throughout the year.

By making these adjustments, you may lower your premium by 10%-15%. However, keep in mind that more coverage will result in a higher price, and the less you pay per month, the lower your co-insurance or annual limit.

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Conclusion

A simple policy with Lemonade for your cat or dog can start at $10 a month, but many other factors come into play. Your location, pet breed, age, and medical history will all affect the price of your premium. Additional add-ons, depending on what suits you, will also change the total cost of your monthly premium.

Lemonade’s premiums are customizable to suit your financial needs, and they also offer discounts for bundling insurance plans, insuring multiple pets, and paying annually.

Generally, pet insurance isn’t cheap, but neither is healthcare. At the end of the day, you must decide between paying a monthly premium or paying large sums when something unexpected happens.

  • Hepper acknowledges that it is not licensed as an insurance agent, and therefore will not offer any advice regarding insurance, nor recommend a particular coverage, policy, or insurance company.
  • All content and materials, including rewrites, that are created to announce, market, and/or advertise Lemonade will be reviewed and approved by both parties to ensure compliance with applicable federal, state, and local laws and regulations.

Featured Image Credit: Ermolaev Alexander, Shutterstock

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