Top 10 Affordable Pet Insurance Companies

We have examined ten different plans to determine the best affordable pet insurance solution for your pet. Because there is no standardization in the plans’ coverage and there are various kinds of plans to choose from, it can be difficult to decide which is best for your pet.

Yet, you may discover cheap pet insurance like Pets Best that may cover a significant portion of your veterinarian bills.

These insurers provide a basic coverage package, including protection against accidents as well as genetic and congenital illnesses. Despite the similarities in the essentials, there are differences in coverage, pricing, and features.

Keep reading to learn more about affordable pet insurance options.

Best Cheap Pet Insurance Companies

• Pets Best – Best cheap pet insurance for pets overall 
• ASPCA – Best cheap pet insurance for pets with hereditary conditions
• Figo – Best cheap pet insurance for reimbursements 
• Lemonade – Best cheap pet insurance to process claims fast
• Embrace – Best cheap pet insurance for pets advanced in age
• Fetch – Best cheap pet insurance for high reimbursements 
• Spot – Best cheap pet insurance for unlimited coverage
• Healthy Paws – Best cheap pet insurance to cover alternative therapies
• Pumpkin – Best cheap pet insurance for kittens and puppies
• Nationwide – Best cheap pet insurance for exotic pets

Affordable Pet Insurance: Quick Verdict

Several factors, including your pet’s demands and financial situation, must be considered while searching for the best affordable pet insurance. One approach to guarantee your family’s financial stability is to get the best affordable pet insurance.

This protection will help you avoid going into debt to cover the expense of emergency veterinary care should your pet get injured or unwell.

Pets Best is the best affordable pet insurance supplier around.

1. Pets Best – Best Cheap Pet Insurance for Pets Overall

Pets Best Cheap Pet Insurance Pros:

• An animal is covered when it is seven weeks old.
• There is no maximum age.
• Wheelchairs and prosthetics are covered.

Pets Best Cheap Pet Insurance Cons:

• Two-fold exclusions.
• Absence of coverage for parasite treatment.

With its several deductibles and insurance options, Pets Best offers a lot of flexibility, making it the best choice for young or senior animals.

The business also includes equipment and mobility gadgets. Sadly, their coverage has a drawback: if a recognized condition, such as hip dysplasia, spreads to the opposing side, it will not be covered. Learn more in our Pets Best pet insurance review.

Pets Best Pet Health Insurance Policy Cost: 4.9/5

Comparing Pets Best insurance to other suppliers, it has affordable prices.

Pets Best Insurance for Pets Discounts: 4.9/5

Customers who pay yearly, those in the military, and those with several pets are also eligible for discounts. Combining discounts might result in a 12{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} savings, but not all states allow this.

Pets Best Dog, Cat, and Exotic Cheap Pet Insurance Coverage: 4.9/5

Pets Best’s insurance policy has a more liberal age restriction for qualifying pets. For animals as early as seven weeks, policies are obtainable. Since there is no upper age limit, this firm is also perfect for senior dogs.

The fact that this firm covers wheelchairs and prostheses, which may be pricey but have a significant impact on your pet’s quality of life, truly sets it apart from others.

Pets Best Cheap Pet Insurance Plan Options: 4.9/5

Although Pets Best provides several options for insurance coverage, policy changes must be made at least 30 days before the renewal date. Pets Best has this drawback.

Pets Best Animal Insurance Claim Processing Time: 4.8/5

Your claim might take up to 45 days to complete which is much longer than the average processing time for comparable affordable pet insurance providers.

Overall Score: 4.9/5

>>Check the best price for Pets Best

2. ASPCA – Best Cheap Pet Insurance for Pets With Hereditary Conditions

ASPCA Cheap Pet Insurance Pros:

• Covers both stem cell treatment and microchipping.
• Exceptional defense against inherited and congenital illnesses.
• Uncertain age.

ASPCA Cheap Pet Insurance Cons:

• A maximum of 30 days may pass before processing claims.
• Transaction costs for payments per month.

The American Society for the Prevention of Cruelty to Animals (ASPCA) provides affordable rates and customized coverage options. These plans offer preventative care, accident and illness, and accident-only coverage.

No matter how old your pet is, the ASPCA ensures that any hereditary or congenital problems are taken care of.

All acceptable pre-enrollment conditions are covered, even those that may be cured if the pet doesn’t exhibit any symptoms for six months. Nevertheless, there can be a little delay in being paid. Find out more in this complete ASPCA pet insurance review.

ASPCA Pet Health Insurance Cost: 4.8/5

Customers have greater choice over the parameters of their coverage since the American Society for the Prevention of Cruelty to Animals (ASPCA) provides reasonable monthly rates. The drawback of choosing to pay monthly as opposed to annually is that there is a fee associated with the transaction.

ASPCA Insurance for Pets Discounts: 4.8/5

A person will get a discount more than the typical 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} when they purchase insurance for many animals.

ASPCA Dog, Cat, and Exotic Animal Insurance Coverage: 4.8/5

The ASPCA will pay for your pet’s medical treatment for congenital or inherited conditions, even if they are old. The group will also fund disorders that are likely to be cured, as well as stem cell therapies.

ASPCA Cheap Pet Insurance Plan Options: 4.8/5

The ASPCA still pays for charges related to genetic and hereditary disorders, regardless of how old your pet is. Moreover, stem cell treatment and treatable conditions are also covered.

ASPCA Animal Insurance Claim Processing Time: 4.8/5

It might be annoying to wait 30 days before receiving a pricey expense reimbursement.

Overall Score: 4.8/5

>>Find the best price for ASPCA

3. Figo – Best Cheap Pet Insurance for Reimbursements

Figo Cheap Pet Insurance Pros:

• There is no maximum age.
• Decreased deductibles.
• 100{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} payment is not required.

Figo Cheap Pet Insurance Cons:

• Decreased deductibles.
• There is no maximum age.

While Figo’s coverage has no yearly limits, it does have lifetime limitations. Despite the higher cost of these services, their plans refund bills in full and without any extra fees.

Given that there are few options for insurance for genetic disorders and no alternative options for preventative care coverage, this may annoy pet owners. Read our complete Figo pet insurance review to find out more.

Figo Pet Health Insurance Policy Cost: 4.8/5

Figo provides coverage with no yearly limits. However, there are lifetime limitations. While some services are more costly, their plans refund spending in full and without extra fees.

There are no alternative options for preventative care coverage and few insurance options for genetic disorders, so this may irritate pet owners.

Figo Insurance for Pets Discounts: 4.8/5

You may be eligible for a premium decrease, but you must contact customer care to see what is offered in your area.

Figo Cheap Pet Insurance Coverage: 4.6/5

The advantages are unlimited, which results in highly comprehensive coverage. Regrettably, this protection does not apply to genetic diseases. Also, no wellness programs are offered by Figo.

Figo Dog, Cat, and Exotic Animal Insurance Coverage: 4.7/5

Figo offers three different insurance plans. There are several ways to be paid, but there is no provision for adding riders to your insurance.

Figo Animal Insurance Claim Processing Time: 4.6/5

Affordable pet insurance claims are often handled in thirty days.

Overall Score: 4.7/5

>>Check out the best price on Figo

4. Lemonade – Best Cheap Pet Insurance to Process Claims Fast

Lemonade Cheap Pet Insurance Pros:

• Your purchase helps benefit animal welfare organizations.
• A variety of cuts.
• Processing claims quickly.

Lemonade Cheap Pet Insurance Cons:

• There is only little information available online.
• Your credit score influences the interest rate.

Lemonade provides a comprehensive insurance program with the opportunity to add extra protection for procedures like immunizations, tests, and specific alternative therapies. This insurance has the benefit of processing claims promptly. It’s also important to note that a percentage of your money supports charitable endeavors. Read this Lemonade pet insurance review for more details.

Lemonade Pet Health Insurance Policy Cost: 4.7/5

There may be a Lemonade insurance coverage for dogs that is less expensive than the going cost in the market.

Lemonade Insurance for Pets Discounts: 4.7/5

Discounts may be available if you purchase additional coverage from Lemonade.

Lemonade Dog, Cat, and Exotic Animal Insurance Coverage: 4.7/5

Depending on the breed, a dog must be seven years old to qualify for pet insurance. The average cost of this insurance is more than this, however.

Lemonade Cheap Pet Insurance Plan Options: 4.7/5

The various insurance plans offered by Lemonade might have riders added to the selected bundles. Sadly, Lemonade policies are not available in all states.

Lemonade Animal Insurance Claim Processing Time: 4.7/5

Lemonade uses an app to streamline the claim-filing and compensation-receiving procedure, which just takes a few minutes.

OverallScore: 4.7/5

>>Check the best price for Lemonade

5. Embrace – Best Cheap Pet Insurance for Pets Advanced In Age

Embrace Cheap Pet Insurance Pros:

• An upper age restriction.
• Reduction of the deductible.
• Pre-existing conditions that can be treated are covered.
• High probability of payment.

Embrace Cheap Pet Insurance Cons:

• Inaccessible in Canada and the US territory.
• Just cats and dogs.

You may donate annually to the Wellness Rewards program offered by Embrace, a well-known supplier of the best affordable pet insurance. Animals under the age of 15 are covered for both accidents and illnesses.

Only accident insurance is offered to older animals. Furthermore, most plans provide a deductible that decreases over time and a 30-day money-back guarantee.

Embrace Pet Health Insurance Policy Cost: 4.8/5

With a declining deductible, Embrace provides affordable prices. Your yearly deductible will be reduced by $50 if your pet does not incur any reimbursement expenses.

This could save you from having to make a significant out-of-pocket expense. Your rates may increase if you choose a higher reimbursement level.

Embrace Insurance for Pets Discounts: 4.8/5

If you are eligible for more than one deduction, Embrace will let you take advantage of them. 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} off is available to those with several dogs, 5{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} is available to military members and employees, and 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} is available to senior citizens. If all of these savings were combined, there might be significant savings.

Embrace Dog, Cat, and Exotic Animal Insurance Coverage: 4.8/5

You should continue to provide your pet with the same degree of care and attention despite the possibility that they are aging. Senior dogs may need more regular or sophisticated medical care since they are more prone to diseases and injuries.

For dogs up to 15 years old, Embrace provides pet insurance that may be bought. For senior pets, accident-only coverage is available.

Embrace Cheap Pet Insurance Plan Options: 4.7/5

Instead of typical health insurance, Embrace offers a program called Healthy Rewards that you can financially support. Only cats and dogs are eligible for this program.

Embrace Animal Insurance Claim Processing Time: 4.6/5

The best affordable pet insurance claims are often handled within a 30-day window.

Overall Score: 4.7/5

>>Discover the best price for Embrace

6. Fetch – Best Pet Insurance for High Reimbursements

Fetch Pet Insurance Pros:

• Accessible in the entirety of the United States, including inside the boundaries of the District of Columbia.
• Covers not only conventional but also unconventional practices, in addition to the costs paid as a result of unforeseen illnesses or accidents.
• Waiting period for knee injuries may be skipped within the first month of having insurance.
• While you are staying in the hospital, the expenses incurred by caring for your pet will be covered by the healthcare provider.

Fetch Pet Insurance Cons:

• Animals that are less than six weeks old are not covered.

Fetch pet insurance, which was once known as Petplan and is now also known as Fetch by Dodo, can provide coverage for any unforeseen illness or accident that your pet may incur. This covers the expenses associated with behavioral counseling, dental damage, treatment for cancer, and even MRIs.

In addition to this, the Fetch pet insurance policy comes with an additional, one-of-a-kind perk for pet owners who have no choice but to board their animal companion while they receive medical treatment: the policy will pay for up to $1,000 worth of the owner’s boarding fees.

Customers are able to check their accounts, submit claims, and readily retain medical data using an app that is offered by the firm. 

The company also makes available a variety of information on what is covered, as well as an entire page devoted to frequently asked questions.

Both XL Specialty Insurance Company and Axis Insurance Company, who have their headquarters in New York, support the Fetch pet insurance product.

Fetch Pet Health Insurance Policy Cost: 4.8/5

The premiums for Fetch’s pet insurance are based not only on the kind of animal being insured, its age, breed, and gender, but also on the location of the policyholder.

Their premiums for senior dogs can be much more expensive when compared to those offered by other firms, despite the fact that their costs are relatively competitive in comparison to those of other suppliers.

Fetch Insurance for Pets Discounts: 4.7/5

You will need to satisfy a number of requirements before Fetch will allow you to take advantage of the company’s price reductions for pet insurance.

• Having no claims filed against you for a predetermined amount of time.
• Individuals who are members of the American Association of Retired Persons (AARP).
• Obtaining a pet from a shelter or an adoption agency rather than purchasing one.
• You have the option of paying your insurance premiums either annually or quarterly.
• People who work in veterinary clinics and hospitals.
• Veterans who have served in the armed forces, whether they are currently serving or have served in the past.
• Exceptional medical care for animals in a veterinary setting.

Fetch Dog, Cat, and Exotic Animal Insurance Coverage: 4.7/5

The pet insurance policy that Fetch offers provides protection in the event of a variety of catastrophic medical events, such as injuries, chronic illnesses, inherited conditions, and more.

Up to the policy’s yearly maximum, the expenses associated with dental examinations, dental procedures related to disease or accident, drugs, special care techniques, and alternative treatments are covered by the insurance policy.

Fetch Pet Insurance Plan Options: 4.8/5

There is only one accident and sickness plan available via Fetch, and the yearly limits on that plan change depending on how you acquire it. If you decide to make the purchase online, you have the option of spending $5,000, $10,000, or $15,000.

On the other hand, if you call in, you have the ability to obtain unlimited coverage. In addition, you have the option of selecting a deductible amount anywhere from $250 to $1,000 per year, with a $50 increment for each value in between.

In addition, the percentage of your reimbursement will range from 70{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} to 90{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of the whole amount.

Fetch Animal Insurance Claim Processing Time: 4.7/5

The following are the three necessary waiting periods that are included in Fetch:

• Before any illness may be treated, a period of fifteen days must pass after the onset of symptoms.
• Patients with patellar tendinitis, hip dysplasia, or an injury to the anterior cruciate ligament need to rest and recover for a period of six months after sustaining their injuries.
• There is a mandatory waiting time of fifteen days for any form of accident that may occur.

When compared to other pet insurance providers, Fetch offers a 15-day reporting window for incidents, which is significantly longer than the norm.
While Lemonade, Embrace, and Figo each have two days, Figo only has one day for the same. The waiting period for diseases at Fetch is 15 days, which is only one day longer than the waiting time at the other businesses that we researched.

However, Fetch has a waiting period of six months, which may be insufficient for animals who have pre-existing medical conditions like hip dysplasia or cruciate ligament tears.

In circumstances such as these, it is prudent to take into account the position taken by the American Society for the Prevention of Cruelty to Animals (ASPCA).

Overall Score: 4.7/5

>>Check the best price for Fetch

7. Spot – Best Cheap Pet Insurance for Unlimited Coverage

Spot Cheap Pet Insurance Pros:

• Several alternatives for defense.
• Acupuncture, hydrotherapy, and other treatments are provided.
• The minimal deductible is $100.
• There is no maximum age.

Spot Cheap Pet Insurance Cons:

• Younger animals are subject to higher premiums.
• Minimal coverage for knee ligaments.
• No customer assistance during the weekends.

If you’re looking for one of the best affordable pet insurance with unlimited coverage, Spot is a fantastic option. Get reasonable deductibles and copayment-free medical visits. You should know that picking a low copay or deductible might result in a higher monthly premium. Read more in our Spot pet insurance review.

Spot Pet Health Insurance Policy Cost: 4.7/5 

The cost of Spot’s insurance for young animals is high, but there is no upper age restriction for older animals. You won’t have to pay a copayment for veterinarian costs if your insurance provides full coverage.

You may also choose a $100 deductible, drastically lowering your out-of-pocket costs.

Spot Insurance for Pets Discounts: 4.7/5

A discount of more than 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} will be given if you insure numerous animals.

Spot Dog, Cat, and Exotic Animal Insurance Coverage: 4.7/5

Due to its unlimited coverage, Spot ranks among affordable pet insurance providers. Only some insurers provide complete protection.

Spot Cheap Pet Insurance Plan Options: 4.7/5

Options for coverage range from preventative measures to coverage for an accident or illness or for injuries alone. You may also choose the appropriate degree of coverage.

Spot Animal Insurance Claim Processing Time: 4.7/5

After 14 days from the time of registration, coverage will begin to pay out for an insured pet. The claims procedure is often finished quickly.

Overall Score: 4.7/5

>>Check the best price for Spot

8. Healthy Paws – Best Cheap Pet Insurance to Cover Alternative Therapies

Healthy Paws Cheap Pet Insurance Pros:

• Direct payments could be a good alternative in certain circumstances.
• Discussion of alternative therapies.
• Claims are handled swiftly.

Healthy Paws Cheap Pet Insurance Cons:

• For dogs to be covered by hip dysplasia insurance, they must be six years old or younger.
• Older pets get limited publicity.
• Only provide one sort of plan.
• Exams carried out in a regular workplace environment are not covered.

Healthy Paws allows you to choose a deductible and provides unlimited coverage for your pet. Use the smartphone app to complete your claim as swiftly as possible.

After a procedure, direct payment may be given if you cannot pay your veterinarian’s cost in full. Enroll your pet as soon as possible to secure the broadest coverage and reimbursement rates.

Healthy Paws Pet Health Insurance Policy Cost: 4.5/5

The Healthy Paws rates are often more than other pet insurance providers. This is because there are no restrictions on how much you may be reimbursed for. In addition, there is a $25 one-time fee for joining Healthy Paws.

Healthy Paws Insurance for Pets Discounts: 4/5

There is no discounted price for the Healthy Paws Plans. As an alternative, you still have access to another kind of insurance.

Healthy Paws Dog, Cat, and Exotic Cheap Pet Insurance Coverage: 4.9/5

With the addition of PT, acupuncture, massage, and hydrotherapy, Healthy Paws is starting to set itself apart from the competition.

Benefits from this insurance for your pet are not limited by the incidence, the length of the annual coverage, or your pet’s lifespan. Unfortunately, there are limitations to hip dysplasia coverage.

Healthy Paws Cheap Pet Insurance Plan Options: 4.5/5

Accident and sickness insurance now only comes in one form, although it offers a wide variety of coverage.

Healthy Paws Animal Insurance Claim Processing Time: 5.9/5

Most insurance companies demand 30 days after you submit a claim before paying you any money. Due to Healthy Paws’ effective mobile application, the procedure is substantially speedier and only takes two days to complete.

Overall Score: 4.6/5

>>Check out the best price for Healthy Paws

9. Pumpkin – Best Cheap Pet Insurance for Kittens and Puppies

Pumpkin Cheap Pet Insurance Pros:

• 30 days to return items and get a refund.
• Uncertain age.
• Preventative care for young animals.
• Waiting time of 14 days.

Pumpkin Cheap Pet Insurance Cons:

• Annual coverage restrictions.
• There aren’t many options for deductibles.

Use Pumpkin to include a preventative care option in your program. Regarding the costs associated with health and vaccinations, these expenditures diverge significantly. There are several areas where animal testing is included. Read our Pumpkin pet insurance review for more details.

Pumpkin Pet Health Insurance Policy Cost: 4.4/5

While Pumpkin’s pet insurance coverage may be more expensive than others, they provide the option of including preventative care for young animals. A complete reimbursement is available for a few medical treatments.

Pumpkin Insurance for Pets Discounts: 4.8/5

You will enjoy a bigger than usual discount of 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} if you wish to cover more than one animal.

Pumpkin Dog, Cat, and Exotic Cheap Pet Insurance Coverage: 4.8/5

Young animals appreciate the health benefits that Pumpkin offers. Many other therapies are included as long as a veterinarian prescribes and administers the treatment.

Rheumatism treatment and chronic pain management are two common therapies in this area. Pumpkin also sells prescription food for animals with specific nutritional needs.

Pumpkin Cheap Pet Insurance Plan Options: 4.2/5

Pumpkin can provide coverage if you want to incorporate wellness and preventative treatment in your health plan. But, you should be aware that one alternative is accessible, so it could not work with all budgets. This option enables you to recover 90{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of the cost.

Pumpkin Animal Insurance Claim Processing Time: 4.8/5

The waiting period for Pumpkin is just 14 days, which is substantially less time than the other alternatives for affordable pet insurance. If your animal needs immediate medical attention, this could be helpful. A claim is typically processed in 30 days.

Overall Score: 4.6/5

>>Check the best price for Pumpkin

10. Nationwide – Best Cheap Pet Insurance for Exotic Pets

Nationwide Cheap Pet Insurance Pros:

• Anyplace in the world, any service provider.
• This covers unusual pets like birds.
• 24-hour hotline.

Nationwide Cheap Pet Insurance Cons:

• Monetary restrictions on reimbursement.
• Strict $250 deductible.

Nationwide offers the least expensive pet insurance if your animal is unusual. Be sure your pet is included on the list of covered animals before purchasing the insurance.
Dogs and cats can be insured via the internet, but you’ll need to contact 844-244-3691 to examine the costs and have your exotic pet covered. Learn more in this complete Nationwide pet insurance review.

Nationwide Pet Health Insurance Policy Cost: 4.7/5

The average cost of most common pet insurance coverage is comparable. The lower premiums of plans that pay at least 50{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of covered expenses are why many pet owners now choose pet insurance.

If you do not have to file many claims, you can save money even though the price of your pet’s requirements keeps rising.

Nationwide Insurance for Pets Discounts: 4.6/5

You may receive a 5{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} discount on your rates from Nationwide if you have numerous pet insurance policies with them or if you participate in one of their strategic partner programs.

Nationwide Dog, Cat, and Exotic Animal Insurance Coverage: 4.7/5

The best affordable pet insurance plans usually cover only a few uncommon creatures, such as birds and reptiles. Nonetheless, Nationwide provides a thorough protection for a variety of animals.

Nationwide Cheap Pet Insurance Plan Options: 4.5/5

Nationwide provides four different types of insurance, from catastrophic illness coverage to plans that cover everything from annual checkups to coverage for your exotic pet. There is just the $250 deductible choice.

Nationwide Animal Insurance Claim Processing Time: 4.5/5

A 30-day window for processing and settling claims is standard practice for reasonably priced pet insurance coverage.

Overall Score: 4.6/5

>>Check the best price for Nationwide

What Is Cheap Pet Insurance?

The best affordable pet insurance is indemnity insurance which pays for the expenses of caring for ill or damaged animals.

Several of these firms typically cover pets like cats and dogs, but just a tiny part of U.S. plans are allocated to more exotic animals like reptiles and birds, according to the North American Pet Health Insurance Association (NAPHIA) [1].

According to our best pet insurance 2023 review, inoculations, parasite management, dental treatment, and microchipping are just a few examples of the preventative services covered by this plan, which sets it apart from health insurance.

Affordable pet insurance often has no limits on the types of veterinarians or medical professionals throughout the nation. Several of these businesses also provide services in Canada and beyond.

>>Check the best price for Pets Best

Types of Cheap Pet Insurance

Before looking for pet insurance, it’s crucial to evaluate your financial situation and decide how much you would be ready and able to pay in the case of an emergency.

There are different prices and levels of coverage for affordable pet insurance plans. Understanding the various plans and what each provides is crucial to choosing the best affordable pet insurance.

• Accident-only policies: An insurance policy that covers accidents may be appropriate for you if your main fear is that your pet may have unplanned incidents like poisoning, fractures, or bloating. These programs often provide the best affordable pet insurance coverage.
• Accident & Illness policies: These respectable, best affordable pet insurance policies cover sickness and accidents. The coverage may be expanded to include wellness insurance in the plan, making it complete.
• Wellness plans: Policies may be supplemented with preventative maintenance plans, or they can be purchased separately. These insurance plans include routine exams, pet dental care, neutering or spaying, immunizations, and pest control.

It is frequently possible to find an insurer’s policy on their website, which is useful for determining if you want to deal with them.
Examine all of their restrictions, exclusions, and inclusions in great detail. You may join up if you’re OK with them, and they’re equivalent to those from other businesses.

How to Choose the Right Cheap Pet Insurance Company for You

There are several factors to think about while looking for pet insurance. Get the best pet insurance company and coverage for your needs using the following recommendations.

1. Decide what kind of protection you need. In general, pet owners may choose between three different types of insurance policies:

• Accident and illness insurance pays for UTIs, ear infections, broken bones, and cancer treatment.
• Cheap exotic pet insurance is available for animals, including hamsters, geckos, snakes, and rabbits.
• Immunizations, examinations, sterilization, and grooming are preventative treatments covered by wellness insurance.

2. Determine the insurance’s coverage parameters. Examine the conditions, diagnostic procedures, and therapies covered by your pet’s insurance, taking note of any limitations, exclusions, or age-related requirements.

If your pet is prone to inherited or genetic conditions, such as asthma or hip dysplasia, be sure the insurance will cover the cost of treatment. Insurance often does not cover pre-existing conditions, so keep that in mind.

>>Check the best price for Pets Best

3. Consider your deductible. Deductibles are the portion of medical costs that the policyholder is responsible for paying out of pocket. They are common in the best affordable pet insurance policies, just as in human health insurance.

The businesses in our analysis typically provide two different sorts of deductibles:

• A health plan’s annual insurance deductible is comparable to an individual’s. You will be required to pay a particular sum (for example, $500) per year regardless of the kind of treatment. After you have paid the deductible, the insurer will reimburse any further expenses that fall inside the purview of the insurance policy.
• Per-condition deductibles are various deductibles that apply only in certain circumstances. For instance, an insurance policy may have multiple deductibles depending on the severity of the patient’s liver condition, cancer, heart condition, or arthritis.

A yearly deductible can be more cost-effective if your pet often requires medical care for various conditions.
A per-condition deductible would be preferable if the pet just has one ailment that requires ongoing care or frequent appointments with the vet and no other problems.

Both deductibles have advantages and disadvantages of their own; none is superior to the other. When determining a reimbursement rate, insurance typically pays out between 60{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} and 100{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of the cost of a veterinary visit.

4. Research a policy’s limitations. This is also important since most insurers have an annual cap (for example, $10,000).

If your insurance plan includes an annual cap, the insurance company will only provide coverage up to that amount. Up to the start of the following insurance year, you are responsible for any additional expenditures.

5. Check to see whether your premiums may be adjusted in any way. Several insurance providers provide their clients the option to personalize their rates by changing the deductible, the scope of the covered charges, and the maximum sum the provider would cover.

Although it may differ from company to business, many let you modify your premiums to fit your requirements and budget by altering elements like your deductible, the proportion of covered expenditures, and the maximum amount the firm will pay out.

You can lower your premiums by lowering your reimbursement rates and payment limits. You could also reduce your insurance costs by raising your deductible. But bear in mind that any alteration may result in increased out-of-pocket costs if your pet requires frequent or costly care.

>>Check the best price for Pets Best

6. Watch out for promotional deals. Discounts from certain insurers may make coverage more affordable.

Discounts may be found for annual payments, homes with many pets, veterans, and those with access to specific work perks, among other situations. However, they are not always available. You could get a 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} discount if you have several policies with Lemonade, such as home and auto insurance.

There are other considerations to take into account while looking for pet insurance. Based on our best pet insurance review, most businesses we’ve looked at provide many channels for contacting support, including electronic mail, telephone, live chat, and mobile app.

As you consider your options for customer care and support, this might assist you in locating the provider that best fits your needs for managing your policies and processing claims.

It’s also crucial to consider any additional or supplemental coverage you could want. Many companies we looked at provide wellness or extra care packages that include chiropractic, acupuncture, hydrotherapy, and treatment.

After weighing all other considerations, you can look into the available customer support and enhanced security solutions.

How Does Cheap Pet Insurance Work?

Affordable pet insurance often pays for your pet’s authorized medical costs. Nevertheless, the policy’s tiny print outlines further restrictions such as the following:

• Waiting Periods: Most insurance providers stipulate that you must wait at least 14 days after enrolling in coverage before they begin to cover illness-related veterinarian services.
• Exclusions: Cheap pet insurance packages may include wording that excludes certain situations. If you want to know what is and isn’t covered by your policy, read the fine print before you purchase.
• Network restrictions: Unlike human health insurance, which often has a preferred provider network, pet insurance may only partially cover some vets, according to certain insurers.

Also, there can be geographical limitations, so your pet would not be insured if you go to Canada or Puerto Rico.
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What Does Cheap Pet Insurance Cover?

The cost of diagnosing and treating accidents or diseases, including medication and hospitalization, will be reimbursed to pet owners.

The benefits for someone who purchases incidental coverage are significantly reduced since the insurance only covers accidents and excludes coverage for other health issues.

These are some instances of the mishaps and wounds that the best affordable pet insurance covers:

Accidents

• Ligament damage.
• Poisoning.
• Eating a strange item.
• Broken bones, wounds from slashes, or bite marks (including teeth).
• Consuming an unknown object.

Illnesses

• Orthopedic issues including hip dysplasia or torn ligaments.
• Digestive and intestinal issues.
• Cancer.
• Epilepsy.
• Arthritis.
• Allergies.
• Hepatitis.
• Infection in the urinary tract.
• Diabetes.
• Ear or skin infections.

Some pet insurance providers will pay for funeral and burial expenses, but most won’t compensate you for the animal. In the event of the pet’s untimely death or theft, the policyholder will get financial compensation. A high-value animal would largely benefit you with this sort of legislation.
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Poisons in Your House to Be on the Look Out For

Understanding that several household objects might be hazardous to our canine friends is crucial. The following is a list of things to avoid at all costs:

• Over-the-counter medications. Included are dietary supplements, over-the-counter medicines for cold and flu treatment, as well as acetaminophen and ibuprofen.
• Prescription medications for people. This list of medicines includes medication for heart issues, seizures, and depression.
• People’s food. Despite the temptation, giving your pet treats made of human food might be dangerous. Avoid popular products like xylitol, which is present in meals without sugar, energy bars, nutritional supplements, and foods like raisins, grapes, onions, and protein bars.
• Chocolate. Particularly susceptible to poisoning by this delectable food are dogs and cats.
• Bouquets and plants. Your home’s surroundings and the plants within might be hazardous.
• Household toxicants. Makeup, cleaning supplies, and tools for doing household repairs are all included in this session.
• Veterinary products. Chewable medications, such as those made for dogs, may be dangerous if given in high doses.
• Rodenticide. Rodenticide exposure may cause a variety of significant symptoms in animals, such as profuse bleeding, renal failure, convulsions, and, in rare circumstances, death.
• Insecticide. Sprays for ants, bugs, and other vermin shouldn’t be used around your pet since they pose a risk of injury. It is a good idea to look for pet-friendly replacement options.
• Garden products. Fertilizers manufactured from natural ingredients could taste good to your dog but are hazardous.

Most Insured Pet Breeds

The majority of animals covered by affordable pet insurance plans, according to research from Petinsurer.com, are medium-sized domestic shorthair cats (52.5{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}) and mixed-breed dogs (22.4{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}). 

German Shepherds, Golden Retrievers, and Goldendoodles are the purebred dogs with the greatest coverage rates (3.5{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}, 4.3{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}, and 3.9{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}, respectively). Maine Coons (2.1{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}), Ragdolls (1.9{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}), and Siamese (2.3{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac})are the three most common breeds of insured cats [2].

Certain dogs and cats may be predisposed to health problems like hip dysplasia, but good pet insurance coverage may help you. This is because it covers unforeseen medical expenses like cancerous tumors and torn knee ligaments.

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Most Common Cheap Pet Insurance Claims

According to Embrace affordable pet insurance, claims for both dogs and cats peaked in 2022 for the following conditions [2].

• Vomiting.
• Urinary tract infection.
• Diarrhea.
• Ear infection.
• Weight loss.

What Is Excluded From Cheap Pet Insurance Coverage?

Read the sample policy carefully before enrolling your pet since the limitations of affordable pet insurance from one company to the next may change. We take precautions to safeguard you.

The following bullet points examine the six most typical exclusions in this area.

• Pre-existing conditions: Affordable pet insurance companies do not give coverage for illnesses that your cat, dog, or other pet had before you bought the policy. For instance, joint inflammation, diabetes, hypersensitivity, or cancer.
• Check-up fees: Exam costs are not often covered by insurance plans since most companies consider them preventative treatment rather than the outcome of an accident or sickness. Yet, several businesses have lately begun to include veterinarian exam costs in their primary insurance policies.
• Pre-existing bilateral conditions: Imagine if your pet had had a knee injury before you purchased affordable pet insurance. The insurance excludes coverage for this pre-existing injury and will also exclude coverage for any further problems with the opposite knee. Similar statements could apply to bilateral diseases, including cataracts, hip dysplasia, and elbow dysplasia.
• Routine care: Animal primary veterinarian care is normally not covered by businesses, although they may provide reimbursement via wellness programs and policy riders. These extras pay a certain amount for yearly exams, vaccinations, parasite prevention, dental care, and spay/neuter procedures.
• Illnesses caused by lack of preventive care: You won’t be paid for medical costs associated with heartworm or other infections spread by ticks or fleas if you don’t provide your pet with prophylactic treatments. This is especially true if your pet has dental issues that may have been avoided with regular professional cleanings.
• Injuries or illnesses linked to owner negligence: Any medical conditions brought on by competitive animal racing, organized animal fighting or serving as a guard, are not covered by the best affordable pet insurance. This prohibition also covers any harm caused by a member of the same household.

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How Much Does Cheap Pet Insurance Cost?

Cat insurance rates are often less costly than dog insurance premiums. So, how much does pet insurance cost for folks on a budget? Typically, $30 per month for cats and $50 per month for dogs are the prices of the best affordable pet insurance plans that cover accidents and illnesses. The premium you pay for your pet’s insurance policy will depend on more than just the insurer you choose with.

Factors That Affect Your Cheap Pet Insurance Premium

Many distinct factors may affect how much pet insurance costs.

• Pet’s age and breed: Crossbred animals often cost less to insure than purebred animals. As an animal matures, premiums often increase and become very costly for old animals. Older pets, those above the age of 10 or 12, may have limited insurance coverage [3].
• Where you live: A more probable candidate for the best affordable pet insurance is an animal living in a city, particularly near the seaside, like New York or California.
• Deductibles: The deductible is the out-of-pocket expense you’ll have to make before your insurance kicks in to cover anything. Although annual deductibles for all treatments are the standard, certain companies may require additional deductibles for unforeseen circumstances.
• Preventative care add-ons: The best option is a plan that covers both sickness and accidents, but you may also choose a policy that includes preventative care. Comprehensive coverage policies will cover routine medical care and any necessary treatments for illnesses or accidents.

Additional Expenses to Keep In Mind

Even if your insurance could start paying you back, there are certain expenses you might still have to cover on your own. While planning your finances, remember that the price of the best affordable pet insurance goes beyond the premiums.

• Reimbursements: If a service provider provides you with the choice, you must clear any medical debts before applying for a refund. Between seventy and ninety percent of the initial investment is a reasonable expectation.
• Payout caps: Your plan will stop making payments after you’ve used up all of the available coverage. Although most plans limit spending to a certain amount per year, some policies cap spending for specific events (such as illness or injury) or the animal’s whole lifetime. If you want bigger maximums, you should be prepared to pay more in premiums.

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How To Get Cheap Pet Insurance

A suitable protection strategy provides equal protection for all sorts of pets. Essential factors to consider are the owner’s choice of protection amount and the scope of the benefits.

The inclusion provided by affordable pet protection varies by state, and the plan’s terms and conditions are subject to annual change.

The Cheap Pet Insurance Shopping Guide from NAPHIA lists the factors to consider before selecting a plan to assist you in making the best decision [4].

1. Decide which type of policy will be more appropriate. You have the option of choosing an insurance plan that simply covers accidents or one that also includes illness coverage. The latter offers the greatest level of protection, although it costs more than the former. A wellness rider, which includes vaccines, dental cleanings, annual checkups, and parasite prevention, is an option if you want to add more security.

2. Get multiple quotes. The price differences between various businesses for the best affordable pet insurance may surprise you. Shopping around is advantageous before choosing an insurance policy since you can discover that some companies charge twice as much for identical pet coverage.

3. Take a close look at what is and isn’t covered. You should pay attention to the insurance policy’s coverage for dental conditions, alternative therapies and behavioral modification. You should also pay attention to genetic, inborn, and long-term problems (particularly if your pet’s breed is predisposed to a specific condition).

4. Look for the shortest waiting periods. There is often a two-week waiting period before events and illnesses are covered by insurance, while some plans start paying out for accidents right immediately. It’s important to remember that some insurance companies have unreasonable waiting periods when it comes to treating knee injuries and hip problems.

5. Take note of providers with curable pre-existing conditions clauses. Pre-existing medical illnesses are often not covered by insurance policies, however there is an exemption for “treatable pre-existing conditions.” For instance, if your cat previously had a respiratory infection, subsequent cases of the same ailment are covered as long as the cat received treatment for the condition and showed no symptoms for 180 days prior to the start of the policy.

The cost of your premiums will remain the same regardless of your pet’s age or breed. However if you want to keep under a certain spending limit, you may adjust the coverage amounts.

6. Payout caps. The rate will go up if you choose the highest coverage level or an unlimited payout ceiling. In particular, when it comes to breed-specific and possibly expensive treatments, it is advisable to examine the typical cost of veterinarian care in your region before selecting the appropriate payment limit.

7. Reimbursement percentage. Your premiums will be less expensive, but you will have a bigger out-of-pocket expense, if the reimbursement rate is low.

8. Deductibles. Your insurance will be less expensive if you have a low annual or per-incident deductible. Although you might save money in the long run if your pet stays healthy, any unexpected medical expenses would be on you.

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Cheap Pet Insurance Discounts

Be sure to use any discounts that may be offered in order to lower your monthly price. Typically, these cuts consist of:

• Multipet discount: There is a discount for signing up for many animals from the same vendor.
• Annual pay discount: Annual payments for insurance are discounted from their monthly equivalents because of the money saved over the course of the year.
• Spay/neuter discount: If you neuter or spay your pet before purchasing a coverage, you may be eligible for a discount.
• Military discounts: Prices are discounted for active-duty military personnel as well as veterans of the armed forces.
• Group discounts at work: Reduces the cost of the employer’s cost-effective pet insurance.
• Bundle discounts: When a client purchases both their homeowners’ or renters’ insurance and another service from the same business, they might benefit from a price break.

Most businesses have a return policy, sometimes known as a “cooling off” period, where it is legal. Within the first 30 days of enrolment, pet owners may cancel the service and get a complete refund without facing any consequences if they are unhappy with it.

Cheap Pet Insurance FAQs

We answer common questions about cheap pet insurance companies.

Is Cheap Pet Insurance Worth It?

Those who have already invested much in their dogs may question whether or not the additional expense of the best affordable pet insurance is worthwhile. So, is pet insurance worth it?

They can ponder if buying the best affordable pet insurance is worthwhile given the price.

• The unexpectedly expensive vet fees are too much for you to pay in full.
• Monthly premiums and costly veterinary fees of 20–30{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} are within your means.
• All-encompassing protection is the best kind of defense for your pet.
• You enlist with a young and healthy pet.

Imagine that you purchased health and accident insurance coverage for a three-year-old Pomeranian. With an annual deductible of $200, this insurance will cover 80{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of allowable veterinarian costs, up to a maximum of $10,000.
It subsequently transpires that the puppy suffers from patellar luxation, a common knee condition. In this situation, the policy would really work as follows:

1. After subtracting the deductible ($200), the insurance provider covers 80{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of the remaining balance ($1,300).
2. You are responsible for paying the total $1,500 treatment fee at the veterinary office unless your insurance offers direct payment.
3. $1,040 will be used to pay the copayment of 20{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} and the $200 deductible.

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What Is the Best Cheapest Pet Insurance for Dogs?

For those who have a canine companion but are on a limited budget, these are the best pet insurance for dogs currently offered.

• Pets Best – Best cheap pet insurance for pets overall 
• ASPCA – Best cheap pet insurance for pets with hereditary conditions
• Figo – Best cheap pet insurance for reimbursements 
• Lemonade – Best cheap pet insurance to process claims fast
• Embrace – Best cheap pet insurance for pets advanced in age
• Fetch – Best cheap pet insurance for high reimbursements 
• Spot – Best cheap pet insurance for unlimited coverage
• Pumpkin – Best cheap pet insurance for kittens and puppies
• Nationwide – Best cheap pet insurance for exotic pets
• Healthy Paws – Best cheap pet insurance to cover alternative therapies

What Is the Best Cheap Pet Insurance for Cats?

If you’re on a tight budget and are looking for the best pet insurance for cats, these are the top options available right now.

• Pets Best – Best cheap pet insurance for pets overall 
• ASPCA – Best cheap pet insurance for pets with hereditary conditions
• Figo – Best cheap pet insurance for reimbursements 
• Lemonade – Best cheap pet insurance to process claims fast
• Embrace – Best cheap pet insurance for pets advanced in age
• Fetch – Best cheap pet insurance for high reimbursements 
• Spot – Best cheap pet insurance for unlimited coverage
• Pumpkin – Best cheap pet insurance for kittens and puppies
• Nationwide – Best cheap pet insurance for exotic pets
• Healthy Paws – Best cheap pet insurance to cover alternative therapies

What Is the Best Cheap Pet Insurance?

Here are the best cheap pet insurance companies across the board:

• Pets Best – Best cheap pet insurance for pets overall 
• ASPCA – Best cheap pet insurance for pets with hereditary conditions
• Figo – Best cheap pet insurance for reimbursements 
• Lemonade – Best cheap pet insurance to process claims fast
• Embrace – Best cheap pet insurance for pets advanced in age
• Fetch – Best cheap pet insurance for high reimbursements 
• Spot – Best cheap pet insurance for unlimited coverage
• Pumpkin – Best cheap pet insurance for kittens and puppies
• Nationwide – Best cheap pet insurance for exotic pets
• Healthy Paws – Best cheap pet insurance to cover alternative therapies

Is Cheap Pet Insurance Expensive?

To some extent, the premium for pet insurance is determined by the kind of coverage sought and the animal being insured. For instance, insurance for dogs often costs more than insurance for cats.

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How Do Cheap Pet Insurance Companies Know About Pre-existing Conditions?

There are a number of affordable pet insurance providers, but many of them demand a vet visit or evaluation of medical records before they would provide coverage. These assessments serve to identify any existing medical issues that the insurance provider would not pay for.

Is Cheap Pet Insurance Tax Deductible?

It is without a doubt possible to take a tax deduction for costs associated with veterinary treatment for animals that are designated as working animals or service animals. There is a chance that you may write off the cost of caring for animals you’ve volunteered with if the group you’ve worked with is recognized by the IRS and has not reimbursed you for your time.

You may deduct some expenditures associated with your pet when filing your taxes, including veterinary bills, reasonably priced pet insurance, and care items, instruction, food, boarding, grooming and travel expenses. Nevertheless, you may only write off the expense of a dog if it satisfies specific requirements, such as generating revenue or alleviating a medical condition.

Does Cheap Pet Insurance Cover Only Cats and Dogs?

No matter what species of animal one owns, they can acquire insurance for it. Nevertheless, since cats and dogs are the most typical of pets, the majority of insurers only offer coverage for these two animals.

Methodology: How We Chose the Best Cheap Pet Insurance

To identify which affordable pet insurance provider provided the most favorable deal, the following criteria were employed to evaluate each one.

• Cheap pet insurance rates: We examined the average expense of policies and favored insurers without any restrictions in regards to coverage for canines and with a deductible of $500 that offer a reimbursement rate of 90{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac}, as well as the closest comparable alternatives.
• Special waiting period: Insurers with no waiting time, waiting time of less than six months, or that permit the waiting period to be bypassed, were given higher ratings.
• Direct payment to the vet: Firms that provide affordable pet insurance, and which may be able to finance veterinary care straight away, were prioritized.
• 24/7 vet health line: Insurance companies that offer 24-hour veterinary medical assistance via a telephone hotline received high rankings.
• Routine wellness plans: Insurers who offer the option to take advantage of wellness programs were rewarded with a portion of the available points.
• Pays veterinary exam fees: 10{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} of the entire bill has to be taken care of by the owner, regardless if the fee is for a sickness or wound. Not all insurance policies will cover the price of the checkup. Insurance plans which finance the animal doctor visits were appreciated in the assessment.
• Euthanasia or end-of-life expenses: Five percent of the total figure was constituted of points offered by insurance companies that offer financial support for end-of-life costs, such as euthanasia, cremation, and burial fees.
• Multipet discount: Certain cost-effective pet insurance companies provide a 5{7b6cc35713332e03d34197859d8d439e4802eb556451407ffda280a51e3c41ac} discount when insuring more than one pet, with an extra reward for those companies that offer a reduced price for multiple pets.

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The Best Cheap Pet Insurance of 2023: The Verdict

Although it may seem to be an economical choice, opting for a budget-friendly pet insurance plan without doing your research could become quite expensive in due course. All the costs can quickly accumulate. To save yourself from having to do a thorough study, consider one of the best affordable pet insurance providers on our list, with Pets Best being our top pick.

Related Articles:

References:

1. “Total Pets Insured – NAPHIA State of the Industry Report.” NAPHIA, 13 May 2020, https://naphia.org/industry-data/section-2-total-pets-insured/.
2. Insurance, Embrace Pet. “Embrace Pet Insurance Reveals Top Pet Names, Breeds and Claims of 2021.” PR Newswire, 9 Nov. 2021, https://www.prnewswire.com/news-releases/embrace-pet-insurance-reveals-top-pet-names-breeds-and-claims-of-2021-301420033.html.
3. Williams, Angelica, et al. “The Impact of Pet Health Insurance on Dog Owners’ Spending for Veterinary Services.” Animals: An Open Access Journal from MDPI, vol. 10, no. 7, 2020, p. 1162, doi:10.3390/ani10071162.
4. “NAPHIA’s Pet Insurance Buying Guide.” NAPHIA, 12 Mar. 2020, https://naphia.org/find-pet-insurance/naphias-pet-insurance-buying-guide/.