Best Pet Insurance Companies – Are you a pet owner or a lover of pets? Buying pet insurance can assist in defraying the costs of healthcare for your furry (or scaly or feathered) friend. It helps identify the best pet insurance deals for your Labrador, Max, and your Siamese cat, Bella.
To know the best pet insurance companies, you must first decide the amount you want a policy to cover. Basic insurance policies typically cover accidents or both accidents and illnesses, while some may also include routine wellness expenses. In this article, check out the list of the best pet insurance companies as you stay tuned.
What is Pet Insurance?
Pet insurance is a policy that has been purchased by a pet owner to balance the overall cost of their animal’s medical bills. Just like human health insurance, pet insurance relates precisely to pets and veterinary costs.
The Best Pet Insurance Companies
Pet insurance is a financial tool that assists pet owners in saving money on vet bills. If you are considering pet insurance for major medical care, the following list features some of the best companies in the industry. They are as follows:
Nationwide
Nationwide, a leading pet insurance provider, has offered pet insurance since 2009, following its acquisition of Veterinary Pet Insurance. The company is the oldest pet insurance company in the United States. Nationwide sells wellness, injury-only, and injury-plus-illness pet insurance plans; it provides plans with unlimited annual coverage limits and a lot more.
Lemonade
Despite offering a single plan for both accidents and illnesses, Lemonade ranks among the best pet insurance companies.The company has more add-on choices than most other companies that are listed here. The base policy comprises prescription medications, diagnostic tests, injections for covered conditions, surgery, and a lot more. Payment can include additional costs such as vet visits, behavioral therapy, dental illnesses, physical therapy, and end-of-life services. Preventative care packages cover routine blood work, wellness exams, vaccines, boosters, and more.
MetLife
MetLife is also part of the best pet insurance companies; it gives a lot of discounts that can lower your premiums, as well as savings if you are in the military, a member of a group plan, a first responder, a healthcare worker, an animal welfare employee, or make a purchase online. In addition, if you have different types of pets on your policy, you have one deductible for all pets instead of deductibles for each pet.
USSA
USAA is also part of the top pet insurance companies; like its other insurance products, it provides policies to military members and their families alone. The company-qualified pet owners have different types of solid pet insurance options.
Odie
Odie is among the best pet insurance companies; it is one of the small group of insurers that was researched that provide coverage for root canals, dental illness, and crowns. In addition, Odie’s policies also cover additional dental treatment if your pet frequently receives exams and cleanings.
FIGO
As FIGO is part of the best pet insurance companies, its premiums tend to be somehow higher than all its competitors; nevertheless, what you pay in higher premiums comes back in the form of complete coverage and 100% reimbursement for services in some cases.
Pumpkin
Pumpkin is our pick as the best pet insurance for pets, simply because it provides large insurance and non-insurance defensive care choices tailored to junior animals at an inexpensive price point. The company provides reasonably priced plans with a choice to add preventative care packs for young cats and dogs that are not added to the standard coverage.
Spot
Spot is also one of the best pet insurance companies; it supplies pet parents who want to exploit their pet’s coverage at any cost. The company is also a fine option for older pets; meanwhile, there is no age limit for coverage. It is available for unlimited annual coverage.
MetLife
MetLife has been in the insurance business for over 150 years now. It is also part of the top pet insurance company. In the year 2019, it brought Pet First, a pet insurance company in business since the year 2004, under the MetLife umbrella. It provides one complete accident and illness plan and also a preventive care plan for services like bloodwork, dental cleanings, and microchipping for an additional monthly payment.
Pets Best
Pets Best Pet Health Insurance will be the last best pet company on my list. It was started by veterinarian Jack Stephens in the year 2005 and provides pet owners the choice of direct reimbursement to vets, which can assist in reducing the worry of a big bill. The company provides two policies, that is, accident only and accident and illness, with three levels of care (Essential, Plus, and Elite, which is the most complete).
Final Thought
The lists above are just some of the best pet insurance companies that we have. For the determination of the best pet insurance companies, CNBC Choice examined dozens of pet insurance companies and related or compared them based on different types of factors.
