The Best Cheap Pet Insurance Providers

The best cheap pet insurance offers comprehensive coverage, no annual limits, and top-notch customer service. To help you compare your options, we took a deep dive into our top picks’ premiums, deductibles, and reimbursement options. But because your premium is unique to your pet, you’ll want to compare quotes from all three.

The Best Cheap Pet Insurlowance Providers: Summed Up

Figo
Healthy Paws
Trupanion
Best coverage
Lowest premiums
Unique Deductibles
Maximum annual benefit
$10,000, $14,000, or unlimited
Unlimited
Unlimited
Reimbursement amount
Up to 100%
Up to 90%
Up to 90%
Deductible
Varies
Varies
Varies
Exam fees
Prescription drugs
View plans
View plans
View plans

The 3 Best Cheap Pet Insurance Providers

Figo Pet Insurance — Best Coverage

Pros
Generous coverage
Customizable plans
Customer service
Cons
Doesn't cover preventive treatment

Why we chose it

Generous coverage

There’s no fine print when it comes to Figo’s unlimited coverage. It extends to exam fees, reimburses you within 30 days, and even waives coinsurance and deductibles if your pet needs lifesaving care — features no other provider offers.

Its broad coverage doesn’t hide any massive exclusions or long coverage waiting periods, either. If your vet says your particular dog or cat is likely to face an expensive illness throughout its life, such as hip dysplasia — a common (and costly) issue for big dogs — you’re going to need more coverage than someone who owns a pet with little risk (like an indoor cat).

Customizable plans

Figo enables you to tailor your coverage and monthly premium in a few ways. First, you can choose one of three base plans that offer different coverage and maximum yearly benefit amounts. We recommend the unlimited “Ultimate” plan; the Essential and Preferred plan come with a lower premium, but they cap out at $10,000 and $14,000 in yearly benefits, respectively.

From there, you can choose among four annual deductibles and four reimbursement options. When we ran our sample pup through the process, the annual deductible we could choose ranged from $100 to $750. This range, however, will vary based on a number of factors including location, pet breed, and age; we saw deductibles as high as $1,500. To its credit, Figo was our only top pick to offer 100% reimbursement — an option that might pay off if you know your pet is liable to rack up several big bills over its lifetime.

Customer service

Figo’s generosity shines in its customer service, too. When we called with questions, a confident, assuring customer service representative picked up immediately and patiently answered our questions in full. It also offers a cloud-based storage system for you to file and track claims and upload your pet’s medical records all in one place. Say you’re out of town and your dog swallows her toy; you can use the smartphone app to find the nearest vet and quickly pull up her history to ensure the best possible treatment.

Points to consider

Doesn’t cover preventive treatment

We’ll be honest, it was hard to find anything to dislike about Figo. However, one thing we would have liked to see covered is routine wellness and preventive costs — things like rabies vaccines and preventive flea, tick, and heartworm medications. These are some of the most frequent expenses for pet owners but are surprisingly not covered by any of our top picks.

If this is a dealbreaker for you, Nationwide was the best provider we saw that covered preventive treatment. Fair warning, though: We eliminated it because it reimburses on a benefit schedule rather than your actual vet bill, and it also has some pretty broad exclusions for pre-existing conditions.

Healthy Paws — Best for Low Premiums

Best for
Low Premiums

Healthy Paws

Pros
Customizable plan
Lowest premiums
Short waiting period
Cons
Limited hip dysplasia policy

**Not available in the state of Washington

Why we chose it

Customizable plan

Unlike Figo, Healthy Paws only offers one pet insurance plan. However, that plan doesn’t have any benefit payout limit and there are often many options for customization within it. Depending on the age of your pet, you can influence your monthly premium by choosing from multiple reimbursement options and annual deductibles. Like Figo, these ranges vary depending on factors like the breed of your pet and your location, but we found it easy to adjust until we found the right balance for our needs.

Lowest premiums

When we requested quotes from each provider, we found that, on average, Healthy Paws offered the lowest monthly premiums, slightly edging out Figo. The difference is most stark for older dogs, making Healthy Paws a great place to start looking for pets four years or older (unless they have hip dysplasia — more on that below).

Short waiting period

The plan offers a 15-day waiting period for illness and injury coverage (besides hip dysplasia), the shortest of our top picks. A waiting period is the amount of time between when you purchase your policy and when your pet starts being covered. That means if you buy a Healthy Paws policy on June 1, you’ll be covered for any illness or injury starting on June 16.

Points to consider

Limited hip dysplasia policy

Healthy Paws has strict limits on hip dysplasia coverage. Hip displasia is an expensive genetic disorder that’s common in older dogs — statistics from the Canine Health Information center show that over 71% of bulldogs and 71% of pugs are dysplastic.

If you choose a plan with Healthy Paws, coverage for hip dysplasia isn’t covered at all if your pet is enrolled after they turn six. And there’s a year-long waiting period for that coverage to kick in if your pet is under six years old. It should be noted, however, that the waiting periods don’t apply to the states of New Hampshire and Maryland. Furthermore, Maryland doesn’t have an age limit for hip dysplasia. So, if you live in those states, you might not have to worry about this. For everyone else, you’ll want to check with your vet to see how likely your dog is to develop hip dysplasia in its lifetime before enrolling with Healthy Paws.

Trupanion — Best for Unique Deductibles

Best for
Unique Deductibles

Trupanion

Pros
Direct vet payments
therapeutic pet food coverage
Lifetime per conditions deductible
Cons
Sparse discounts

Why we chose it

Direct vet payments

Trupanion was one of the few pet insurance providers we looked at which featured a direct vet payment option. This means that Trupanion will pay your veterinarian directly upon check out, and all you’re responsible for is your portion of the bill based on how you’ve set up your plan. In some cases, this provides greater peace of mind as opposed to other providers who will have you pay everything out-of-pocket and leave you to wait for reimbursement.

Therapeutic pet food coverage

A Trupanion policy covers 50% of the cost for therapeutic pet food when recommended by your veterinarian for the treatment of covered injuries or illnesses. Sometimes, after your pet has gotten sick or hurt, you need to switch up their diet in order to help their recovery. This is a huge plus since prescription or therapeutic pet food can be pricier than regular which is already quite expensive.

Lifetime per condition deductible

Trupanion was the only company we looked at which offered this deductible. Furthermore, according to the site, “Trupanion is the only company to offer a lifetime per condition deductible.” That’s a bold claim for what equates to a bold deductible. In a nutshell, lifetime per condition deductible means that your pet’s recurrent conditions are covered for life. Specifically, if your pet is treated for any covered condition once (such as allergies), you only pay for it once (in their lifetime). The next time allergies strike, your pet will receive the treatment they need without you having to pay.

Points to consider

Sparse discounts

The only place where Trupanion came up short in our review was in the discounts department. Trupanion doesn’t discuss or post much information about discounts on its site which is a shame considering our other two picks did. Figo had the most with discounts for service animals, veterans, and even a discount for getting your pet from a shelter. Still, Trupanion’s unique lifetime per condition deductible could still save you quite a bit of money if your dog is part of a breed prone to recurrent conditions. We just would have liked to see more ways to save.

Guide to Cheap Pet Insurance

How to save on your premium

Buy insurance early

This probably comes as no surprise, but the younger your pet is when you purchase an insurance policy, the better. For one, the longer you wait, the more likely it is that your pet will develop a condition that could be called pre-existing, and thus not coverable. The best time to get insurance is when your pet is under a year old, but the “earlier is better” rule still applies if you adopt an older animal.

Ask your vet about health risks

Before you start collecting quotes from different providers, it’s a good idea to narrow down what conditions need to be covered in your policy. Your vet can give you some guidance here on what risks are most associated with your pet’s breed. This can help even if you have a mix — knowing your dog is part rottweiler means you’ll probably want an insurer that covers hip dysplasia and cancer, for example. Once you’ve homed in on the issues your pet might be prone to, ask your vet to list a typical price tag associated with each condition. This will help you determine the right deductible and reimbursement amounts for your specific pet.

Pay annually

Most insurance providers offer a discount for paying your premium annually instead of monthly. If you can afford to pay it all upfront, this can be a significant source of savings on your premium costs.

Look for discounts

While you’re comparing quotes, make sure you check company websites for any available discounts. Figo was especially generous in this area: It provides discounts for insuring multiple pets, for adopting from an animal shelter or humane society, and for veterans or active duty military members.

Pet Insurance FAQ

Is pet insurance worth the cost?

Paying for pet insurance can seem like a lot of money when your companion is healthy. However, you never know when life will throw you a curveball. The first thing you should do before purchasing pet insurance is research your dog’s breed and any known health issues associated. If you have a mix breed, try to figure out what prominent characteristics are at work to help you determine what health issues might come up.

Once you have a clearer picture of any possible health issues, you can decide if it’s more prudent to have pet insurance now or pay for it down the road. It also doesn’t hurt to shop around; take some time and gather quotes from as many providers as you can to help you determine the cost and how that fits into your life.

What factors affect your pet insurance premium?

According to the North American Pet Health Insurance Association (NAPHIA), the average annual premium payments for accident and illness plans totaled about $566 for dog owners and $354 for cat owners in 2018. Between dogs and cats, you could be paying a monthly average of around $38 in premiums. Before quoting your monthly payment, providers will take note of several factors to estimate how much your pet might cost to insure. Here’s what we found to have the largest impact after running multiple quote scenarios through our top picks.

Chart 2 for Pet Insurance

Age and species had the biggest effect on premium costs.

Are you limited to "in-network" vets?

Unlike their human counterparts, pets aren’t limited to seeing vets within their insurance company’s network. As long as you’re going to a licensed veterinarian or emergency clinic within the U.S., you won’t have any issues getting reimbursed.

Are pre-existing conditions covered with pet insurance?

“Consumers should know there isn’t any pet insurance that covers
pre-existing conditions,” says Maria Townsend, Insurance Advisor licensed in all lines of insurance. She goes on to explain that these companies also won’t cover annual checkups. “Pet insurance is more for accidents and unexpected illnesses. Consumers should also factor in that even though you pay for insurance monthly, it will
still not cover 100% of costs of the procedures.”

It may not come as a surprise that no pet insurance policy covers pre-existing conditions. But every provider defines “pre-existing condition” differently. It’s important to look at that section of every policy you’re considering for language that might exclude coverage for your specific pet. Your pet doesn’t need to be diagnosed with an illness for any of our top picks, for instance; it just has to show “clinical signs.”

Do providers consider spay or neuter status?

Our top picks don’t ask for this info before giving a quote, but some providers do. Veterinarian Dr. Kathryn Sexton told us that’s because pets that aren’t spayed or neutered are prone to more health and behavioral issues.

You might also like