The 5 Best Pet Insurance Companies of 2022

The 5 Best Pet Insurance Companies of 2022
The 5 Best Pet Insurance Companies of 2022
Reviews and Ratings of Top Dog and Cat Insurers

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In partnership with Paradise Media

 

The lifetime costs of maintaining your pet’s health can be considerable. To save money, many animal owners opt for the best pet insurance for dogs and cats to help offset veterinary costs.

The biggest benefit of this insurance is that you are not limited to a select network of veterinarians or pet hospitals. You are free to take your pet to any clinic; however, you must pay your bill upfront. The insurance companies then reimburse you later for covered services outlined in your policy.

To help you find the best insurance plan for your pet, we have outlined the five best options available today. 

Top 5 Companies for the Best Pet Insurance for Dogs and Cats

  • Pumpkin - Best Overall Pet Insurance for Dogs and Cats
  • Spot - Best Customizable Pet Insurance Options
  • ASPCA - Most Experience with Pet Insurance
  • Fetch - Best Extra Pet Insurance Discounts for Dogs and Cats
  • Healthy Paws - Best Pet Insurance for Unlimited Dog and Cat Coverage


1. Pumpkin — Best Overall Pet Insurance for Dogs and Cats

Pros of Pumpkin Pet Insurance for Dogs and Cats:

  • Streamlined online claims process
  • Unlimited annual coverage available
  • Comprehensive accident and illness coverage 
  • 90% reimbursement rate for all pets at least 8 weeks old
  • No age or breed restrictions

Cons of Pumpkin Pet Insurance for Dogs and Cats:

  • Pre-existing conditions with current symptoms not covered
  • Preventative care is not automatically included
  • 14-day waiting period for all covered accidents and illnesses
  • Cat and dog coverage only

Pumpkin pet insurance offers comprehensive accident and illness policies that cover treatments and procedures that are not typically covered by other plans, including microchipping, dental illnesses, and treatment needed for hereditary conditions. It also offers Preventative Essentials as an optional coverage add-on. This wellness package includes coverage for routine visits and vaccines. 

As with most insurance plans for pets, if an animal starts to exhibit symptoms of conditions exiting before the start of coverage, treatment is not covered. However, if the pre-existing condition is curable and was already cured, and your pet has been symptom and treatment free for 180 days, Pumpkin will cover treatment for your animal's symptoms if they occur again in the future. The only exception is knee and hind leg ligament conditions. 

Pumpkin Pet Insurance Cost and Dog and Cat Coverage Levels: 4.9/5

Pumpkin offers a 90% reimbursement rate for all covered pets eight weeks or older. Depending on the plan you choose and the species of your pet, annual coverage limits range from $7,000 to an unlimited amount. The cost of your plan is dependent on your pet’s breed and age, where you live, annual deductible, and annual coverage limit. 

Dog and Cat Services and Treatments Covered by Pumpkin Pet Insurance: 4.8/5

Pumpkin offers insurance that covers onsite and virtual exam fees for accidents and illness, behavioral issues, prescription food for covered conditions, certain alternative therapies, physical therapy, hereditary conditions, parasite infections, and microchipping. 

Pumpkin also covers dental injuries and illnesses, such as gum disease, and the corresponding exams, X-rays, treatment, procedures, and medications needed to diagnose and/or treat dental illnesses.

Dog and Cat Services and Treatments NOT Covered by Pumpkin Pet Insurance: 4.8/5

Certain situations are not automatically covered, including pre-existing conditions that show symptoms before the start of coverage, routine wellness or preventative care, and elective procedures, such as neutering. Pumpkin also excludes procedures related to boarding, breeding, training, grooming, or funeral services. 

Pumpkin Pet Insurance Add-Ons and Discounts: 4.8/5

Pumpkin offers a 10% discount for each additional pet. To offset the lack of coverage for preventative care, the insurer offers a wellness package called “Preventative Essentials,” which offers 100% refunds for annual wellness exams, vaccines, and annual parasite screening tests.

Overall Score of Pumpkin Pet Insurance for Dogs and Cats: 4.825/5

Get a Pumpkin quote now!

 

2. Spot — Best Customizable Pet Insurance Options

Pros of Spot Pet Insurance for Dogs and Cats:

  • Unlimited lifetime and annual coverage limits
  • Accident-only coverage available
  • Streamlined online claims process
  • 30-day moneyback guarantee
  • End-of-life expenses covered

Cons of Spot Pet Insurance for Dogs and Cats:

  • 14-day waiting period for coverage
  • Preventative coverage purchased separately
  • Cat and dog coverage only

Spot offers customizable pet insurance policies for cat and dog owners. They have accident and illness plans, accident-only plans, and preventative care add-ons.

The biggest benefit of Spot pet insurance is that there are no annual or lifetime coverage limits. You also have the option to customize your plan based on annual deductible and reimbursement level. If you need assistance, the company offers access to a free 24/7 veterinarian helpline.

Spot Pet Insurance Cost and Dog and Cat Coverage Levels: 4.8/5

Spot offers unlimited annual and lifetime coverage limits. You can also select from a range of annual deductible amounts, ranging from $100 to $500, and a range of reimbursement levels, ranging from 70% to 90%. Monthly or annual premiums are based on your pet’s age, breed, where you live, reimbursement percentage, annual deductible, and the specific plan you choose. 

Dog and Cat Services and Treatments Covered by Spot Pet Insurance: 4.8/5

Spot covers symptoms from an accident or illness that occurs after the enrollment waiting period. Covered services and treatments include MRI, CT, or X-ray scans, poison control consultation fees, microchipping, behavioral illness treatment, cancer treatment, prescription medications, medical supplies, hospitalization, and surgery.

All pets are eligible for coverage regardless of health and if they are eight weeks or older. Spot also offers coverage for end-of-life costs, including euthanasia, burial, and cremation.

Spot also offers accident-only policies, which exclude coverage for treatment and procedures associated with illness, grooming, boarding, elective surgery, breeding, house call fees, and dental cleanings. Accident-only plans cover services related to accidents, including, but not limited to, alternative therapy, end-of-life expenses, surgery, and prescription medications. 

Dog and Cat Services and Treatments NOT Covered by Spot Pet Insurance: 4.7/5

Like other pet plans, Spot does not cover pre-existing conditions. Other exclusions include elective or cosmetic procedures, non-FDA treatment or supplements, pet nutritional diets, dental cleanings, and expenses for grooming, training, and boarding.

Spot Pet Insurance Add-Ons and Discounts: 4.8/5

Spot offers a 10% discount on the insurance policy for each additional pet. You can also choose to add on Gold or Platinum preventative care coverage to lighten the costs due to routine health visits, including dental cleanings, vaccinations, fecal tests, screening, blood tests, and neutering.

Overall Score of Spot Pet Insurance for Dogs and Cats: 4.775/5

Compare Spot to the competition.

 

3. ASPCA — Most Experience with Pet Insurance

Pros of ASPCA Pet Insurance for Dogs and Cats:

  • Up to 90% cashback reimbursement
  • 30-day money-back guarantee
  • 10% multi-pet discount
  • Cat, dog, and horse coverage
  • Mobile app to submit and track claims

Cons of ASPCA Pet Insurance for Dogs and Cats:

  • Maximum $10,000 annual coverage limit
  • 14-day waiting period for coverage 
  • Limits per incident in preventative coverage

The American Society for the Prevention of Cruelty to Animals is a nonprofit organization that offers pet insurance, which is underwritten by the United States Fire Insurance Company. Founded in 1997, ASPCA has over 25 years of experience in pet insurance. They provide both comprehensive pet insurance and accident-only policies for pet owners. You can also add on preventative care coverage to help you pay for wellness visits. 

To make things simple for pet owners, ASPCA has a mobile app that allows you to submit and track claims, find the nearest vet, and pay your bills. They also offer a range of online services such as the online Member Center, Vet Finder, and free online quotes. When you need immediate help for your pet but you cannot leave your home, there is a 24/7 pet telehealth line for pet owners.

ASPCA Pet Insurance Cost and Dog and Cat Coverage Levels: 4.85/5

ASPCA offers the Complete Coverage Plan or an accident-only plan that can reimburse up to 90% cashback on medical expenses. Reimbursement levels range between 70% to 90%, with annual deductible options of $100, $250, and $500. Annual coverage limits range from $3,000 to $15,000.

Dog and Cat Services and Treatments Covered by ASPCA Pet Insurance: 4.7/5

ASPCA’s Complete Coverage plan includes both accident and illness coverage, which covers costs for the diagnosis and treatment of injuries and common ailments. Covered injuries include broken bones, cuts, bruises, burns, and accidental harmful substance ingestion. Covered illnesses include mild ailments, such as ear infections or stomach upset, and serious conditions, such as cancer. 

On top of accidents and illnesses, the Complete Coverage plan covers microchipping, hereditary conditions, alternative therapies, prescription food and supplements, and behavioral issues. If Complete Coverage exceeds the amount of coverage you need, you can also opt for accident-only coverage.

Dog and Cat Services and Treatments NOT Covered by ASPCA Pet Insurance: 4.7/5

Pre-existing conditions are not covered if symptoms arise before coverage begins or during a waiting period. A previous pre-existing condition may be covered only if it is cured and your pet is free of symptoms and treatments for at least 180 days. Other exclusions include elective or cosmetic procedures and breeding costs.

ASCPA Pet Insurance Add-Ons and Discounts: 4.7/5

ASPCA has a 10% multi-pet discount, and they also offer a preventative coverage add-on that costs $9.95 per month. Preventative care helps decrease the bills for routine care, such as vaccines, dental cleanings, and annual exams.

Overall Score of ASCPA Pet Insurance for Dogs and Cats: 4.73/5

See what ASPCA pet insurance can do for you.

 

4. Fetch — Best Extra Pet Insurance Discounts for Dogs and Cats

Pros of Fetch Pet Insurance for Dogs and Cats:

  • Multiple discounts offered 
  • Healthy pet credit for up to 30% off your premium
  • Exam fees covered
  • Remote telehealth services
  • Cost of advertising for missing pet covered

Cons of Fetch Pet Insurance for Dogs and Cats:

  • Routine and preventative care not covered
  • Claims filed more than 90 days from service are not covered
  • Prescription food not covered
  • 15-day coverage waiting period
  • 6-month waiting period before hip or knee injuries are covered

Fetch offers comprehensive accident and illness coverage for dogs and cats. Unlike other pet insurance companies, they cover boarding fees if you are hospitalized and advertising costs if your pet goes missing. To offset their lack of preventative coverage, Fetch covers vet exam fees, which most insurance policies exclude. 

They also offer a wide range of discounts, including discounts for AARP members, veterinary staff workers, and military service members. Although they have a long waiting period before covering hip or ligament issues, they can reimburse you in as little as two days after your claim is processed. 

Fetch Pet Insurance Cost and Dog and Cat Coverage Levels: 4.7/5

Fetch offers up to 90% in reimbursement and even advertises that they can pay you back in as little as two days via direct deposit for covered services. The average cost of their plans is about $35 per month for dogs and $25 per month for cats. The cost is even less for puppy and kitten policies. Maximum annual coverage limits range from $5,000 to unlimited. Annual deductible options are $250, $300, and $500.

Dog and Cat Services and Treatments Covered by Fetch Pet Insurance: 4.8/5

Fetch offers plans that cover costs associated with illness and injury, along with coverage for exam fees, dental disease, breed-specific health issues, alternative therapy, emergency vet visits, specialist visits, diagnostic tests, hospitalization, physical therapy, behavioral therapy, virtual visits, supplements, boarding fees if you are hospitalized, and advertising costs for missing pets. 

Dog and Cat Services and Treatments NOT Covered by Fetch Pet Insurance: 4.5/5

Pre-existing conditions are not covered. Other exclusions include routine and preventive care, prescription food, claims filed more than 90 days after the date of service or treatment, and events that occurred before or during the coverage waiting period.

Fetch Pet Insurance Add-Ons and Discounts: 4.9/5

Fetch offers many discounts that other pet insurance plans do not. These discounts include 10% off for adopted or rescue pets, 10% for AARP members, 10% off for active and retired military service members and their families, 10% off for therapy pets, and 10% off for veterinary staff workers. You can also get awarded a healthy pet credit and get up to 30% off your premium if you do not file a claim for a specified amount of time.

Overall Score of Fetch Pet Insurance for Dogs and Cats: 4.725/5

Check out Fetch quotes!

 

5. Healthy Paws — Best Pet Insurance for Unlimited Dog and Cat Coverage

Pros of Healthy Paws Pet Insurance for Dogs and Cats:

  • Most claims processed within two days
  • No limit per covered incident
  • Unlimited lifetime and coverage limits
  • Mobile app for submitting and tracking claims

Cons of Healthy Paws Pet Insurance for Dogs and Cats:

  • Only one plan offered
  • Preventative care not covered
  • Bilateral exclusion for pre-existing cruciate ligament injury
  • 15-day coverage waiting period
  • 12-month waiting period for hip dysplasia for pets enrolled before six years

Healthy Paws offers a comprehensive illness and accident policy for cats and dogs. While exam fees and preventative care are not covered, this company has no caps on annual and lifetime coverage limits and no caps per covered incident. To see if your pet is eligible, you must obtain a full physical exam from a licensed veterinarian before enrollment.

Healthy Paws Pet Insurance Cost and Dog and Cat Coverage Levels: 4.9/5

Healthy Paws pet insurance reimburses up to 90% of the costs associated with covered accidents and illnesses. Not only does the company offer unlimited annual and lifetime coverage limits, but their plan also has no caps per covered incident. Deductibles are calculated per age of your pet and range between $100 to $1,000.

Most claims are processed within 10 days. Once processed, Healthy Paws will reimburse you within 24 hours; however, it takes 10 days for a check to be mailed to you or for a direct deposit to process.

Dog and Cat Services and Treatments Covered by Healthy Paws Pet Insurance: 4.6/5

Their comprehensive accident and illness policy helps cover expenses related to injuries, sickness, hereditary conditions, congenital conditions, chronic conditions, cancer, diagnostic treatment, X-rays, blood tests, ultrasounds, surgery, hospitalization, prescription medications, emergency treatment, specialists care, and alternative therapies.

To qualify for coverage, your pet must obtain a full physical exam from a licensed veterinarian. If your pet is age 5 or younger, you must obtain an exam within 12 months. If your pet is age 6 or older, you must obtain an exam within 30 days of enrollment.

Dog and Cat Services and Treatments NOT Covered by Healthy Paws Pet Insurance: 4.6/5

As with all pet insurance policies, pre-existing conditions are not covered. Other exclusions include preventive care, dental health care, aside from dental injuries from accidents, behavioral treatment, non-FDA treatments, pet diets, boarding, neutering, onsite and telehealth exam fees, and anal gland expression.

Pre-existing cruciate ligament injury has bilateral limitations. If the cruciate ligament of one leg is injured before coverage, then the cruciate ligament on the other leg is also excluded from coverage.

Healthy Paws Pet Insurance Add-Ons and Discounts: 3/5

Add-ons and discounts are not specified on the Healthy Paws website.

Overall Score of Healthy Paws Pet Insurance for Dogs and Cats: 4.275/5

Find Healthy Paws dog and cat quotes.

Ranking Methodology

We utilized the following benchmarks to determine the rankings for the best pet insurance options:

  • Monthly premiums
  • Industry reputation
  • Covered services and treatments
  • Excluded services and treatments
  • Annual deductibles
  • Coverage limits 
  • Reimbursement levels
  • User reviews 

User reviews were determined from the average ranking of multiple review sites to reflect a more accurate rating.

Buying Guide for the Best Pet Insurance

The following frequently asked questions can help you understand terms you will come across when researching pet insurance.

What Is a Pet Insurance Deductible? 

A deductible is the amount of money you must pay out of pocket before you receive insurance benefits. The deductible is specified in the policy you choose. When pet insurance offers zero-deductible policies, this usually implies lower coverage limits or increased monthly costs. 

Some pet owners opt for a high deductible plan when they do not anticipate many trips to the veterinarian and only want coverage for accidents. If your vet invoice is less than your deductible, you should still file a claim so that your vet bill will count toward your deductible.

What Is a Pet Insurance Coverage Limit?

A coverage limit is a cap on reimbursement that your pet insurance will pay you for covered services within each plan year. Some insurance plans have unlimited coverage limits, while others set annual limits. The annual coverage limit is important to consider in light of the exorbitant lifetime costs for pets. For example, depending on the size, age, and breed of your dog, lifetime costs can range anywhere between $17,000 to almost $100,000. 

Do I Have To Take My Dog or Cat to Specific Clinics?

One of the biggest benefits of pet insurance is that you are not limited to a narrow network of veterinary providers. Because the insurance companies directly reimburse you for covered services, you are free to take your pet anywhere within the United States and Canada. The only downside is that you are responsible for paying the costs upfront at the clinic. 

What Services Are Typically Excluded?

The main exclusion to every pet insurance plan is pre-existing conditions. If your pet exhibits symptoms due to a pre-existing condition before the end of the coverage waiting period, insurance companies will not cover the treatment or procedures required to cure those symptoms. It is recommended to obtain a checkup when you initially enroll your pet to discover any conditions that may or may not be covered.

Other considerable exclusions include elective procedures, such as neutering, non-FDA-approved treatments or medications, and expenses for boarding, training, and grooming.

What Is the Best Age To Insure a Dog or Cat?

It is recommended to purchase insurance for pets when they are young, before they develop any pre-existing conditions. Generally, these insurance plans do not cover symptoms that arise from pre-existing conditions before coverage begins.

The sooner your pet is insured, the less you have to worry about certain treatments or procedures being excluded from your pet’s insurance policy. Most pet insurance companies start providing coverage for pets when they are at least eight weeks old.

How Do I Select the Best Pet Insurance for My Dog or Cat?

First, outline the necessary treatments and procedures that you would like to be covered. Next, figure out your budget for pet expenses. If you can afford to dish out $5,000 a year for your pet, you may only need accident coverage or choose a plan with a lower reimbursement level since these policies will have lower premiums. If you need help with routine expenses and unexpected illnesses, then a comprehensive plan with preventative coverage is recommended. 

Before committing to any plan, you should read the fine print. Make an effort to understand the limits or exclusions in a potential policy. For example, a plan may advertise that they cover prescription medications; however, they may only cover medications for certain illnesses or accidents. 

Top 5 Comparison Guide for Pet Insurance

Pumpkin

  • Coverage limits: $7,000 to unlimited
  • Covered pets: Dogs, cats
  • Reimbursement level: 90%
  • Time to submit claim: 270 days

Spot

  • Coverage limits: Unlimited
  • Covered pets: Dogs, cats
  • Reimbursement level: 70%, 80%, 90%
  • Time to submit claim: 270 days

ASPCA

  • Coverage limits: $3,000 to $15,000
  • Covered pets: Dogs, cats, horses
  • Reimbursement level: 70%, 80%, 90%
  • Time to submit claim: 270 days

Fetch

  • Coverage limits: $5,000 to unlimited
  • Covered pets: Dogs, cats
  • Reimbursement level: 70%, 80%, 90%
  • Time to submit claim: 90 days

Healthy Paws

  • Coverage limits: Unlimited
  • Covered pets: Dogs, cats
  • Reimbursement level: 50% to 90%
  • Time to submit claim: Not specified

Key Takeaways for Selecting the Best Pet Insurance for Dogs and Cats

The lifetime costs of owning a pet are exorbitant. Pet insurance is worth having to lighten your payouts to the vet. Before choosing a plan, note that several factors can affect the reimbursement level and monthly premium of your policy. These factors include the age, breed, and size of your pet, where you live, and the annual deductible you choose.

The bottom line is that the right insurance ensures that you can afford the essential treatment your pet needs in the event of an accident or illness.

 

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