Unexpected vet bills can be the most expensive part of welcoming a dog or cat into your family.
Thats why its important to research the best pet insurance companies.
When Insurance Falls Short…
Chris Zuppa/The Penny Hoarder (top left); Getty Images
Unfortunately, insurance doesnt covereverything.These resourcescan help you manage those unexpected expenses.
Like all insurance, its a gamble.
The six companies below represent the very best of pet insurance in 2025, starting with our top pick.
Trupanion
What we love aboutTrupanion:
What we dont love about Trupanion:
2.
Lemonade
What we love aboutLemonade:
What we dont love about Lemonade:
3.
Healthy Paws
What we love aboutHealthy Paws:
What we dont love about Healthy Paws:
4.
Figo
What we love aboutFigo:
What we dont love about Figo:
6.
Then, request quotes from all of them.
Compare these to find the option with the lowest premium that meets your needs.
So, what should you look for in a pet insurance company?
Heres what the best policies offer:
Coverage
What does the best pet insurance policy cover?
Unfortunately, the older cats and dogs get, the less sense it makes to purchase insurance for them.
The cost will be too high, and you will likely not see a positive return on investment.
A Note on Pre-Existing Conditions
No pet insurance policies currently offer support for pre-existing conditions.
That is why it is crucial that you insure your pet as early as possible.
A new pet insurance policy will likely see those problems as pre-existing conditions, making it challenging to switch.
Coverage You May Be Able to Skip
One area of coverage that might not be worth it?
Wellness coverage typically includes dental cleaning, vaccines and regular check-ups.
Many policies allow you to elect wellness coverage for an additional monthly fee.
Instead, put the $20-ish a month youd spend on that coverage into savings.
Then, draw from that savings to pay for annual wellness visits.
Like human health insurance, high-deductible plans are cheaper.
Some insurance plans have fixed deductibles.
To save on monthly premiums, choose the highest deductible youre comfortable paying.
Reimbursement is the amount insurance will payafteryou have met your deductible.
You are still financially responsible for the remaining percentage, called coinsurance.
The lower the reimbursement, the lower the monthly premium.
We only considered pet insurance companies that reimburse 70% at a minimum.
It also has a 70% reimbursement.
You will pay $200 toward your deductible.
Premiums
So, how much does pet insurance cost?
Premiums will also depend on the coverage, deductible and reimbursement amounts you select.
Some pet insurers, like ASPCA Pet Health Insurance, offer multi-pet discounts to help you save on premiums.
Need a Hand With Bills?
Listen, we know its tough out there.
But theres no shame in asking for help.
These companiesmake it easy to help yourself and your bank account.
Timothy Moore covers banking and investing for The Penny Hoarder from his home base in Cincinnati.
