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The average emergency vet bill costs at least $500 and unexpected life-saving surgery can reach over $10,000! Pet Insurance plans are just like the human variety, offering various deductibles, coverages, and premiums. We've reviewed our favorite and most trusted pet insurance providers to help you and your pet get the ultimate peace of mind.Last Updated: July 2019
Did you know that veterinary surgery can cost up to $10,000? Pet insurance for your dog or cat helps you to be prepared for the unexpected and allows you to be the best pet parent possible. Your furry friend will be able to get the veterinary care they need with pet health insurance and you won’t have to worry about paying out of pocket for life-saving procedures. The best pet insurance companies will pay up to 90% of your vet bills and help your pet to live a longer and healthier life.
Our list of recommended pet insurance providers will guide you through how to choose the best pet insurance. We’ll show you how to afford pet insurance and which companies have the first-rate coverage you want for your fur babies. Our pet insurance reviews will answer all of your questions and put you on the path to choosing the right pet insurance for your dog or cat. Plus, you’ll learn what real pet owners have to say about using pet insurance for their furry family members.
Not all pet insurance policies are the same. Some cover only accidental injuries, while others provide coverage for illnesses like cancer, and yet others offer payment reimbursement for preventative care. Most pet owners choose to enroll their dog or cat into a plan that covers accidents and illnesses, in order to make sure they won’t have to pay out of pocket for veterinary care if their pet is unexpectedly injured or becomes sick. Our list of recommended pet insurance plans will help you to choose the right coverage type for your pet.
Pet insurance policies usually offer either capped or unlimited benefits. If you choose pet insurance with unlimited lifetime benefits, you’ll be reimbursed for every vet bill your pet has for his entire life once the deductible has been met. With annual maximum benefits pet insurance, you will find there’s a cap on payouts each year, which is typically around $15,000 after your deductible is met. There are also per-incident pet insurance benefits, which usually makes for a lower monthly premium, but it means you won’t be reimbursed for any vet bills beyond a specific amount each year.
The top-rated pet health insurance companies do their best to allow you to customize your policy with a variety of deductible types. Most pet insurance companies have annual or lifetime deductibles. Deductible amounts will vary by the company but are typically between $200 and $1,000 for most pets, although the most common deductible amount is $500. Once you’ve met your deductible for the year or the lifetime of your pet, your insurance company will pay a certain percentage of all vet bills.
The best pet health insurance companies will pay up to 90% of your vet bills after your deductible has been met. Typical reimbursement amounts are around 70% and that means you will be expected to pay 30% of the bill out of pocket. Most pet insurance companies work on a reimbursement model, where you submit a claim with a copy of the paid invoice and they send you a check for the reimbursable amount. But there are some pet insurance companies that will pay your veterinarian directly for the portion of the bill they cover.
How much is pet insurance? Well, that depends on a variety of factors, including your pet’s breed, age, and medical history. Your choice of deductible amount and reimbursement rate will also play a part in your monthly pet insurance premium. Our list of the best pet insurance providers includes detailed information on how to get low-cost pet insurance and which companies provide you with a free custom pet insurance quote.
By default, most regular checkups and vaccinations are not included in pet insurance policies. Pet insurance is designed to help offset the cost of emergency veterinary medicine. If you’re looking for an all inclusive plan, some pet insurance companies allow you to bundle in “wellness plan” extras. These cover regular checkups, medications, and vaccinations. Be sure to do your homework and get quotes from several pet insurance providers to make sure routine pet care coverage makes the most financial sense for your family.