Pet insurance helps pay for big vet bills and everyday issues like upset stomachs, allergies, and skin problems. There are different types of coverage and perks offered by pet insurers.
After reviewing 13 policies, we discovered that Pets Best, Embrace, and Paw Protect are the top three pet insurance companies.
The Best Pet Insurance Companies
Here are Forbes Advisor’s top choices for pet insurance companies in February 2024:
- Pets Best – Overall Best
- Embrace – Best for Great Benefits
- Paw Protect – Best for Instantly Paying Vet Bills
- Fetch – Good for Boarding Fees
- Figo – Great for Quick Accident Coverage
- Healthy Paws – Great for Unlimited Yearly Coverage
- Lemonade – Great Prices for Dogs and Cats
- Spot – Best for a Variety of Annual Coverage Options
What Is Pet Insurance?
Pet insurance is like health insurance for your pet. It covers the costs of their medical care and sometimes other expenses too. With most pet insurance plans, you pay the vet bills first, and then the insurance company reimburses you. Some companies can also pay the vet directly, which makes it easier for you to manage your expenses.
Before your pet insurance kicks in, you usually need to pay a deductible. For instance, you might have to cover the initial $500 of vet expenses.
Even once you’ve paid the deductible, the pet insurance might not cover the full cost of vet bills. You usually get to pick a reimbursement rate, like 70%, 80%, or 90% of your vet bills.