Affordable Pet Insurance Options
Pet insurance can be a lifesaver for unexpected veterinary expenses, but premiums can strain your budget. NerdWallet analyzed quotes from over 25 insurers to identify the best cheap pet insurance companies.
Top 5 Cheap Pet Insurance Companies
- Pets Best: Cheapest pet insurance for dogs, offering customizable plans and direct vet payment.
- Figo: Cheapest pet insurance for cats, featuring extensive coverage and a 100% reimbursement option.
- Lemonade: Best for younger pets, with quick claims processing and a unique ‘Giveback’ program.
- Pumpkin: Best for older pets, covering dental illnesses and some pre-existing conditions.
- AKC: Best for pets with pre-existing conditions, offering coverage after a 12-month waiting period.
Factors Affecting Pet Insurance Costs
- Location: Higher costs of living correlate with higher premiums.
- Pet age: Older pets cost more to insure due to increased health issues.
- Species and breed: Dogs generally cost more than cats, with certain breeds being more expensive.
- Coverage choices: More comprehensive plans and additional coverage options increase premiums.
Tips for Finding Cheap Pet Insurance
- Shop around and compare quotes from multiple insurers.
- Customize your coverage to balance price and protection.
- Ask about discounts for multiple pets, military service, or bundled policies.
- Consider employer-offered pet insurance.
Comparing Pet Insurance Plans
When evaluating plans, consider:
- Coverage: What’s included and excluded?
- Reimbursement: How quickly do they process claims?
- Waiting periods: How long before coverage begins?
- Reviews: Check NerdWallet’s ratings and reviews for insights.
By carefully comparing these factors, you can find affordable pet insurance that meets your needs and budget.
