10 Pet Insurance Reviews – 2023 Update

Most pet parents want to get their pets the coverage they need in case something happens, but there’s just so much information to sift through that it can all get more than a little overwhelming. There are tons of companies to pick from, and while they all promise a great experience, they don’t all deliver.

We want to ensure your pet gets the coverage they need in case something happens, which is why we came up with this guide on the best pet insurance providers out there. We came up with comprehensive reviews for each one, and then we broke down everything we looked at when reviewing them.

If you need pet insurance and want to look at all the options out there, you’ve come to the right place.

A Quick Look at Our Winners in 2023

Our 10 Pet Insurance Reviews

1. Lemonade – Best Overall

If you’re looking for the best pet insurance company on the market today, it’s really tough to top what Lemonade offers. They’re one of the oldest pet insurance companies, and they provide comprehensive coverage at an affordable rate.

You can customize the plans to get the exact rate you can afford, and they even offer a 10% multi-pet discount to help fit everything into your budget. Moreover, if you have the cash up front you can pay annually, and they offer a significant discount if you do.

But what really helps set Lemonade apart from other pet insurance plans is that they offer tons of optional add-ons. They don’t pretend to know what you and your pet need, and they don’t overcharge you for everything by putting it all in the plan.

They offer a great base package, leaving the extra stuff up to you. Just know that if you add all the add-ons the plans can get a bit more expensive, but you’re also getting more coverage. Finally, keep in mind that the rates will go up each year as your pet gets older.

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2. Spot Pet Insurance – Best Value

If you’re looking for pet insurance but don’t have a ton in your budget, then Spot Pet Insurance is an option you’ll want to consider. Their pet insurance plans have a ton of flexibility, allowing you to get a plan that fits your budget.

There’s also an option for preventative care plans if you want to roll all your vet bills into one monthly price. Their plans cover dental disease but remember that some of their lower-priced plans have very low coverage limits, and the monthly premium will go up as your pet ages.

Still, the coverage on their regular plans covers most conditions, so you don’t have to worry about finding out after the fact that your plan didn’t cover something.

Spot Pet Insurance is a great choice overall, but be sure you’re getting enough coverage for your pet instead of simply going with one of their plans with a lower monthly premium.

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3. Trupanion

If you want a pet insurance plan that won’t skyrocket rates as your pet gets older, Trupanion is an outstanding choice. While the rates from Trupanion might go up a little bit each year to keep up with the cost of other pet insurance plans, when you sign up for Trupanion, you lock them in at that age for the lifetime of the policy.

Trupanion also gives you comprehensive coverage, and there are options with a $0 deductible. Another great perk of Trupanion is that plenty of vets work with their direct payment system. At these vets, you won’t need to pay out of pocket and wait for reimbursement.

Finally, Trupanion has no incident or annual limits, meaning you don’t have to worry about running out of coverage if your pet gets too sick. The only real tradeoff with Trupanion is that the monthly premiums are higher than with other plans. But since the rates don’t go up as your pet ages, it’s a phenomenal deal in the long run.

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4. Pumpkin

Pumpkin is a lot like Lemonade pet insurance, except Pumpkin’s plans tend to be a little more expensive monthly. But that’s because Pumpkin doesn’t have quite the same level of customization, they include many of the add-ons in all their plans.

They offer adjustable annual limits and deductibles to help keep their prices in check, but all their plans come with a 90% reimbursement rate. They offer extremely comprehensive coverage, but if you want something that covers preventative care, they have add-ons that help with that too.

Their plans are a little more expensive, but if you have multiple pets, they offer a 10% multi-pet discount to help you lower your monthly payments.

Still, since you can lower the annual limit, you need to be careful to ensure you get the coverage level your pet needs. Not only that, but the costs will go up each year as your pet gets older, so factor this in when picking up one of their policies.

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5. MetLife

MetLife offers tons of different insurance options, which means you’re going with a reliable brand you can count on if you need to use the insurance. All of their plans are extremely customizable, and they even have an option for a 100% reimbursement rate instead of the 70%–90% that most other brands offer.

Moreover, all their plans are incredibly affordable, and they offer multiple discounts to help lower the monthly payments even further. Just know that all of their plans come with an annual limit, which means even if you go with a 100% reimbursement option, they won’t cover everything.

Finally, just like most of the plans on our list, the price will go up each year as your pet gets older, so factor this in when deciding which pet insurance company you should go with.

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6. Fetch

Fetch Pet Insurance might not have cracked our top five, but that doesn’t mean they might not be the perfect pet insurance company for your pets. They’re another company with extremely customizable options, and one perk of their plans is that they come with comprehensive dental coverage.

Their plans also cover all exam fees, so you don’t have to worry about your insurance plan not covering certain parts of the bill. The plans themselves are outstanding, which eliminates the need for most add-on options that other companies offer.

However, since Fetch pet insurance pushes all these coverages into their plans, they tend to cost a bit more each month. But since you’re getting better coverage, it’s not like you’re getting a bad deal. Just know that the rates will go up each year as your pet gets older, which means eventually Fetch might price you out of your pet’s coverage.

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7. Wagmo

Wagmo is another pet insurance company that offers up to 100% reimbursement with some of their plans. This is an appealing factor because it means insurance will cover everything you pay for treatment at the vet’s office.

However, the tradeoff is stricter annual limits, so if the bills run too high, you’ll have to start paying completely out of pocket. But overall, the plans are affordable, providing extremely in-depth coverage that will cover most issues your pet might have.

If you’re looking for preventative care, Wagmo offers optional pet wellness plans you can add to your package. The rates will go up as your pet gets older, but the real issue with Wagmo pet insurance is that there are both per-incident and lifetime limits.

If your pet needs too much coverage, you’ll find yourself without pet insurance entirely. Most pets won’t run into this problem, but if your pet does, you might end up wishing you went with a different company.

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8. Progressive

Progressive offers a ton of different insurance options, and these customizable plans allow you to get the level of coverage you want without spending more than you need to. Some of their plans even cover exam fees and rehab, although you’ll need to spend a little more each month to get this level of coverage.

The insurance plan itself is extremely easy to use, and since it comes from Progressive you know you can trust that they’ll pay out when they should. The rates will go up as your pet ages, but that’s just like most pet insurance plans out there.

Overall, Progressive offers an excellent option for you to consider, but it’s not the best of the best. Before you go with any other pet insurance plan it’s worth getting a quote from Progressive to see what they offer.

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9. Geico

While Geico is a huge name in the insurance industry, they actually outsource their pet insurance coverage to a company called Embrace. They work together to provide top-notch coverage, but each month you’re not making your payments to Geico.

The plans themselves are extremely affordable and customizable, allowing you to get a monthly payment you can afford without sacrificing too much with the coverage. They offer a 10% multi-pet discount to help lower the monthly payment if you have more than one pet, and they have optional wellness plans for preventive coverage.

But no matter what plan you go with, they don’t offer quite as much as other insurance options out there, and that’s why their plans are near the bottom of the list. It’s not bad pet insurance and it’s far better than nothing, but you can also do better with another plan from a company farther up the list.

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10. ASPCA

While you might think that the ASPCA has the best pet insurance on the market since they’re all about taking care of pets, unfortunately, that’s not the case. They don’t offer a poor pet insurance policy, but with much lower annual limits, you’re not getting the level of coverage you want.

Still, the plans themselves are very customizable, and you get coverage from a reliable company at an affordable rate. The plans also cover dental work, which is a big deal since many other plans won’t.

The ASPCA also offers a 10% multi-pet discount if you enroll multiple pets. But just like many other plans, the rates will go up as your pet gets older, and they’ll still have lower annual limits.

Buyer’s Guide: How to Choose the Right Pet Insurance Provider

What to Look for in Pet Insurance

When evaluating a pet insurance company, there’s a lot to look at. From what they cover to how much you’re paying, it’s all important. It’s also a lot to take in, which is why we wanted to highlight everything we looked at when evaluating pet insurance companies for you here.

Policy Coverage

When you get pet insurance, it’s because you want them to cover vet bills. But not all pet insurance plans cover the same things. Some will cover dental work, genetic issues, exam fees, and more, while other plans will specifically exempt these things.

This is why it’s imperative that you go through the fine print of your pet insurance policy, so you know what they do and don’t cover. The plans that cover more generally cost more, but you’ll also get fewer surprise bills when you go to the vet!

Customer Service & Reputation

While most companies act great when you’re trying to sign up for a policy, as soon as you have questions or concerns with your plan or payout, they can start to be a bit more challenging to work with.

You don’t want to pay the premium each month only to struggle to use the plan because the customer service team won’t help you out the way they should. This is an important factor to consider when picking a company, and it’s one we took into consideration when picking the companies for our list.

Claim Repayment

Outside of Trupanion, pet insurance companies generally pay out the claims the same way. You take your pet to the vet, pay the bill, and then you submit the bill to insurance for reimbursement. The amount of time it works for reimbursement varies depending on what company you go with, so double-check the reimbursement timeframe with whatever company you decide to go with.

Trupanion works the same with many vets, but with some vets, they have a direct pay system where the vet will bill Trupanion directly and only have you cover your portion of the bill in the office. This is a nice perk for Trupanion since you don’t need to come completely out of pocket upfront.

But keep in mind that this is only with select vets if you have a Trupanion pet insurance policy.

Price Of Policy

When looking at a policy’s price, there are a few different things you need to consider. The first number the pet insurance company throws at you is the premium. This is the amount you’ll need to pay each month to keep the insurance.

But this is only one part of evaluating the price of the policy. You also need to look at the deductible, annual or lifetime limit, and reimbursement percentage. Even if you have a low monthly payment, if the deductible is high and the reimbursement percentage is low, you’re going to end up spending more when you go to use the coverage.

Finally, consider the annual limit with these other numbers in mind. Just because you have an unlimited annual limit doesn’t mean you can actually afford that much. For instance, if you have a plan with a $500 deductible and a 70% reimbursement percentage, a $10,000 vet bill will still cost you $3,350.

Plan Customization

Having the ability to customize your plan to get the exact coverage you want without overpaying is a huge deal. Some plans pack everything into the plan and have you pay more each month, while others leave everything out and hope you only look at the monthly premium.

The best of both worlds is a pet insurance plan that allows you to pick the coverage you want. While all the plans on our list offer some level of customization, Lemonade clearly offers the most and it’s why it climbed to the top of our list.

FAQ

Pet insurance can initially seem extremely complicated, which is why it’s perfectly normal to have a few questions. That’s why we decided to answer some of the most frequently asked questions for you here.

Can I Get Pet Insurance Outside the U.S.?

It really depends on what company you go with. Some pet insurance companies will offer coverage add-ons to extend the coverage outside of the United States for a short amount of time. However, if your pet is going to be outside of the United States for an extended time, it’s worth considering getting a pet insurance plan from that country.

What if My Insurance Company Is Not Listed in Your Reviews?

If your pet insurance company didn’t make our list it doesn’t mean they’re a bad company, we just like the ones we highlighted a bit more! We recommend looking into some of the companies we highlighted here and comparing coverage. If you like your plan better, stick with it! Otherwise, switch to the policy you like more.

Is Pet Insurance Worth It?

While not everyone will break even on how much they spend compared to how much pet insurance covers, pet insurance provides peace of mind. If your pet ends up with a hefty vet bill, pet insurance can bail you out of a situation you’d need to go into a massive amount of debt for otherwise.

When Should I Get Pet Insurance for My Pet?

As soon as possible. If your pet develops a condition before you sign up for insurance, the plan won’t cover it. However, if they develop a chronic condition after you sign up for insurance, the plan will cover it.

Moreover, there’s a waiting period for pet insurance plans, so you can’t use the coverage as soon as you sign up for it. Sign up sooner rather than later to avoid any potential problems.

What the Users Say

While there are a lot of pet insurance options on our list, we’re focusing our user reviews on our top choice, Lemonade Pet Insurance. Customers love the quick and easy claims process, the customization options, and the fact that they have an easy-to-use app.

However, the tradeoff is that unless you sign up for some of the add-ons, the coverage isn’t as comprehensive as most people want. Too often people don’t elect for any of the add-ons and then find that their plan doesn’t cover as much as they’d like.

Finally, users love that Lemonade donates extra profits to various non-profit organizations that policy owners pick from.

Which Pet Insurance Provider Is Best for You?

While we can’t answer this question for you, there’s a reason Lemonade is the top choice on our list. They offer the most customization options, which ensures you know exactly what you’re getting and that you’re not paying for coverage you don’t want.

Lemonade puts you in charge of your pet insurance plan, and that’s why they earn our top spot. But while we love the customization that Lemonade offers, if you want to go with another pet insurance company there’s nothing wrong with that either.

The important thing is that you get some level of coverage for your pet so you don’t have to worry about not being able to get them the treatment they need if something happens.

Conclusion

Don’t wait to get your pet the coverage they need! While it might not seem like a big deal, all it takes is one pre-existing condition to pop up and you’ll end up coming out of pocket for everything for years to come.

Get the coverage your pet needs and the peace of mind that you need by enrolling in a top-notch pet insurance plan sooner rather than later!

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Featured Image Credit: RobertKneschke, Shutterstock