Best Pet Insurance Companies for March 2024
6. Spot
- Average monthly premium for dogs: $97.86
- Average monthly premium for cats: $47.98
- Accident waiting period: 14 days
- App Available: Yes
- Maximum Enrollment Age: No Limit
- Money Back Guarantee: 30 days
Why we picked it:
Spot provides the most annual coverage options among the insurers we looked at. They offer seven choices, starting from $2,500 and going up to unlimited. Policyholders can also pick deductibles of $100, $250, $500, $750, and $1,000.
However, even though Spot’s pet insurance policies can be customized, their premiums were higher than average for both dogs and cats. Also, their waiting period for accidents was one of the longest in our study, set at 14 days.
Coverage:
Spot’s accident-and-illness plan covers a wide range of expenses including exam fees, microchipping, and various tests. It also includes coverage for conditions like cancer, dental illnesses, digestive issues, infections, and more.
Their accident-only plan covers treatments and procedures related to injuries.
Pros and Cons:
Pros:
- Multiple annual coverage limits to choose from
- Reimburses pet exam fees for covered conditions
- 10% discount for each additional insured pet
Cons:
- Premiums are higher than average for dogs and cats
- No direct payment option for vet bills
- 14-day waiting period for accidents
7. Figo
- Average monthly premium for dogs: $69.85
- Average monthly premium for cats: $38.28
- Accident waiting period: 1 day
- App Available: Yes
- Maximum Enrollment Age: No Limit
- Money Back Guarantee: 30 days
Figo stands out as the only insurer among the final 12 we looked at to offer a 100% reimbursement rate. This means they cover the entire cost of eligible expenses after your deductible, which is essentially your copay. Most insurers typically reimburse 70%, 80%, or 90% of your expenses.
However, it’s important to note that Figo’s 100% reimbursement option may not be offered in every state. Also, they do not directly pay your vet bills or cover exam fees related to covered conditions.
Coverage:
Figo’s pet insurance policies cover injuries from accidents and various illnesses such as cancer. They also include coverage for expenses like prosthetics, hereditary conditions, and prescription medications. You can file as many claims as needed because Figo doesn’t have any limits on the number of claims per incident.
They offer optional coverage for vet exam fees, and you can also add on a wellness coverage option. Additionally, Figo provides an Extra Care Pack that covers additional expenses such as boarding fees, as well as cremation and burial expenses.
Pros and Cons:
Pros:
In conclusion, when looking for the best pet insurance companies, it’s essential to consider factors like coverage options, customer reviews, and affordability.
By comparing different providers and their policies, you can find the right insurance plan to protect your furry friend and give you peace of mind.
Choose a company that offers comprehensive coverage, excellent customer service, and fits your budget to ensure your pet’s health and well-being are taken care of.
