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Last updated on May 07, 2020

The Best Cheap Pet Insurance

Comprehensive coverage — at a price that fits your budget ​
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How We Found the Best Cheap Pet Insurance Providers

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12 providers evaluated

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4 experts interviewed

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4 top picks

If you’re a pet owner, you understand the importance of protecting their health as they are valuable members of the family. However, veterinary services are often expensive, leading many pet owners to choose to purchase pet insurance.

Finding the cheapest pet insurance policy can be challenging if you are unfamiliar with the process and options. In this article, we provide our top choices for the best cheap pet insurance companies on the market. 

To create this list, we reviewed a number of providers and evaluated each based on their maximum annual benefit, reimbursement options, deductible and coverage options.

The 4 Best Cheap Pet Insurance Companies

  • Embrace: Cheapest overall plan
  • Pets Best: Cheapest for reimbursement options
  • Trupanion: Cheapest for add-on coverages
  • Figo: Cheapest for accident-only coverage

Maximum Annual BenefitReimbursement AmountDeductibleExam FeesPrescription Drugs
EmbraceUp to $15,000Up to 90%$200 – $1,000
Pets BestUnlimitedUp to 90%$0
TrupanionUnlimitedUp to 90%$0 – $1,000
FigoUp to $10,000Up to 100%Varies

*Data as of 04/23/20

Embrace – Cheapest Overall

Cheapest Overall Plan


Provider Score: 4/5

Of the four providers on our list, Embrace offered the cheapest sample quote. They also offer a diminishing deductible program, which means your deductible will reduce by $50 every year you don’t file a claim. 

✓ Best For: People looking for the cheapest insurance option

Not For: People who have pets older than 14 years old

Pets Best – Cheapest for Reimbursement Options

Cheapest for Reimbursement Options
Pets Best

Pets Best

Provider Score: 4/5

Pets Best doesn’t offer the cheapest monthly rates, but they make up for it in their reimbursement options. Pet owners never pay a deductible and can get up to 90% of the cost of services reimbursed, with no annual maximum benefit. 

Best For: Pet owners who need to file costly claims

Not For: People who just need basic coverage

Trupanion – Cheapest for Add-on Coverages

Cheapest for Add-On Coverages
Trupanion Pet Insurance


Provider Score: 3/5

Our research found that Trupanion is the cheapest option for add-on coverages. Pet owners can get specific coverage for alternative therapies, like acupuncture and chiropractic services. There is also a Pet Owner Assistance Package that offers coverage for things like a reward for lost pets and boarding fees if you are hospitalized.

Best For: People who want coverage above and beyond the basic plan

Not For: People whose pets need prescriptions

Figo – Cheapest for Accident-only Coverage

Cheapest for Accident-Only Coverage

Figo Pet Insurance

Provider Score: 3/5

Figo’s pet insurance plans only offer accident and emergency services, but it’s competitively priced. Most plans cost less than $1.50 per day on average and pet owners can choose a deductible that fits their budget.

Best For: People who want coverage for emergency visits

Not For: People who want coverage for wellness visits

Guide to Cheap Pet Insurance

Having pet insurance can save you a significant amount of money. Before you purchase a policy, here are some things you should consider. 

Buy Insurance Early

Most pet insurance policies don’t cover pre-existing conditions or accidents that have already happened. You must have an active policy in order to use the benefits. It’s important to get insurance early, before the need to use it arises.

Ask your vet about health risks

As pets get older, they become more susceptible to certain health risks. Talk to your veterinarian about potential health issues that you pet might face in the future. That will help you understand what type of coverage you need in order to be prepared.

Pay Annually

Most pet owners pay for their insurance on a monthly basis to avoid paying one large fee. But instead of paying for your insurance monthly, insurance companies will often give policyholders a discount if they pay their premium in full. 

Look for discounts

Pet insurance companies provide discount opportunities that can help policyholders lower their premium. As you’re comparing providers, ask about any discounts that you can take advantage of.

Pet Insurance FAQ