Best Pet Insurance Companies for March 2024
4. MetLife
- Average monthly premium for dogs: $46.74
- Average monthly premium for cats: $29.06
- Accident waiting period: 0 days
- App Available: Yes
- Maximum Enrollment Age: No limit
- Money Back Guarantee: 30 days
Why we picked it:
MetLife provides a zero-day waiting period for accidents, meaning your coverage starts as soon as your policy begins. This is quicker compared to the average waiting period of eight days among the insurers we looked at, with many requiring 14 or 15 days before covering a claim.
MetLife offers comprehensive wellness plans but doesn’t have a less expensive accident-only option. You’ll need to pay upfront for vet visits because there isn’t a direct pay option.
They do offer an unlimited annual benefit, but they mention that availability might be limited. It might not show up as an option in the online quote form, so you might need to call MetLife directly to see if it’s available in your area.
Coverage:
MetLife Pet Insurance offers various types of pet insurance policies designed to help pet owners manage their furry family’s health and expenses effectively.
MetLife Pet Insurance covers costs related to illnesses, including congenital, chronic, and hereditary conditions. It includes diagnostic procedures like X-rays, ultrasounds, bloodwork, CT scans, MRIs, and more.
Also, covers injuries such as broken bones, torn ligaments, or accidental ingestion. It includes related services like surgery, hospitalization, and emergency care.
Pros and Cons:
Pros:
- Coverage for accidents starts immediately
- Third-best average premiums compared to other companies in the study
- Offers various discounts and decreasing deductibles
- No limits based on pet age or per-incident coverage
- Reimburses pet exam fees for covered conditions
Cons:
- You can’t pay the vet directly through the insurance
- They don’t have an accident-only plan available
- Unlimited annual coverage limit might not be available everywhere
5. Lemonade
- Average monthly premium for dogs: $46.29
- Average monthly premium for cats: $26.18
- Accident waiting period: 2 days
- App Available: Yes
- Maximum Enrollment Age: 14 years
- Money Back Guarantee: 30 days
Why we picked it:
Lemonade stands out because it offers not just pet insurance, but also car, homeowners, renters, and life insurance. If you bundle these policies together, you can get a discount of up to 10% on each one. In our study, Lemonade had the second-best premiums, averaging $26.18 per month for cats and $46.29 per month for dogs.
However, their pet insurance policies don’t cover exam fees for covered accidents or illnesses unless you buy the extra add-on. Also, they don’t have a direct pay feature.
Coverage:
emonade offers a single plan that covers both accidents and illnesses for dogs and cats. This plan includes coverage for injuries, illnesses such as cancer and diabetes, as well as conditions like allergies and arthritis.
Medications and diagnostic tests are also covered under this base plan. Additionally, the company provides wellness coverage as an add-on option.
Pros and Cons:
Pros:
- Up to 10% discount for bundling pet insurance with another Lemonade policy
- Second-best average premiums in our study
- Two-day waiting period for accidents in most states
Cons:
- Reimburses pet exam fees for covered conditions only through an add-on
- No option to directly pay the vet
- The multipet discount might not be as large as what other insurers offer
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