Best Pet Insurance Companies for March 2024
2. Embrace
- Average monthly premium for dogs: $72.84
- Average monthly premium for cats: $39.60
- Accident waiting period: 2 days
- App Available: Yes
- Maximum Enrollment Age: 14 years*
- Money Back Guarantee: 30 days***
Why we picked it:
Embrace gives its customers various ways to save money. If you insure more than one pet, you’ll automatically get a 10% discount. Active military members and veterans can get a 5% discount in most states (except New York and Tennessee). They are also working on introducing a healthy pet discount.
You have many options for deductibles and annual coverage limits with Embrace. Their regular accident and illness plan covers things like chiropractic care, acupuncture, physiotherapy, and other alternative therapies. They also pay for exam fees for covered conditions and are reimbursed for behavioral treatments if a vet provides them.
Usually, there’s a 180-day wait before Embrace covers a dog’s orthopedic injuries, but you can reduce it to 14 days with a vet exam.
Coverage:
Embrace offers two types of plans: accident-and-illness plans and accident-only policies. Pets 14 years and younger can enroll in the accident-and-illness plans, while pets 15 and older can only sign up for the accident-only policy. Once enrolled, the coverage remains for the pet’s entire life.
Every Embrace plan includes the Healthy Pet Deductible, which lowers deductibles by $50 each year a policyholder doesn’t make a claim. The waiting periods for Embrace are 48 hours for accidents and 14 days for illnesses.
Pros and Cons:
Pros:
- Discounts are available for insuring multiple pets and for having no claims
- Covers curable preexisting conditions
- Short two-day waiting period for accidents
- Reimburses pet exam fees for covered conditions
Cons:
- You can’t pay the vet directly through the insurance
- No illness coverage for pets aged 15 years or older
- Charges a $25 enrollment fee
3. Pets Best
- Average monthly premium for dogs: $41.58
- Average monthly premium for cats: $24.88
- Accident waiting period: 3 days
- App Available: Yes
- Maximum Enrollment Age: No limit
- Money Back Guarantee: 30 days
Why we picked it:
Pets Best was the top pet insurance we found, getting a 5-star rating. It had the lowest monthly costs, around $41.58 for dogs and $24.88 for cats. This is much less than the average costs of $78.93 and $41.88 for other companies.
One good thing is you can pay your vet directly, so you don’t have to pay a lot upfront. They also start covering accidents after just three days in most states. Their mobile apps got a high rating too, around 4.75 stars.
But, you can only pick between a $5,000 or unlimited limit for coverage each year. The lower option might not cover all your needs, while the unlimited one might be too pricey. Also, some plans don’t cover basic things like exam fees, prescriptions, and rehab.
Coverage:
Pets Best offers different types of pet insurance policies. They have plans that cover accidents and illnesses, as well as a plan that only covers accidents. The accident-and-illness plans take care of injuries from accidents, illnesses like cancer, hereditary conditions, and conditions your pet was born with. This includes hospital stays, surgeries, and certain tests and scans.
Their accident-only plan covers things like bites, cuts, broken bones, and other injuries from accidents. You can also choose to add optional wellness coverage.
Pets Best gives a discount if you have more than one pet insured, and they also offer a military discount.
Pros and Cons:
Pros:
- Lowest average premiums compared to other companies in the study
- Three-day waiting period for accidents in most states
- No maximum age limit for pets
- Option to pay the vet directly
- Highly rated mobile app
Cons:
- Limited choice with only two options for the annual coverage limit
- Some basic things are not covered under certain accident and illness plans
- The multipet discount might not be as large as what other insurers offer
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