12 Best Affordable Pet Insurance Companies Of 2023

Christopher Quinn
February 12, 2023
12 Best Affordable Pet Insurance Companies Of 2023
12 Best Affordable Pet Insurance Companies Of 2023

Disclaimer: Penny Calling Penny is an affiliate website. This means that we get a small commission when you click some of the links in this article. Don’t worry – we’ll never recommend anything we wouldn’t use ourselves.

Who would have ever thought of affordable pet insurance, or any pet insurance, 30 years ago?

Many pet owners don’t even know so many pet healthcare alternatives are available at all.

Unfortunately, many still think they just have no choice but to carry any cost as it comes.

Pet care can be expensive! Believe it or not, many surgeries will easily reach in the thousands (USD).

So the question you might be considering is ‘is pet insurance affordable enough to rationalize my monthly fee’?

Yes, it is. After this, it’s important to find the best affordable pet insurance.

Why Consider Pet Insurance?

The basic concept of healthpet insurance for pets is the same as any human medical insurance; you’re paying a small regular fee to ensure your insurance plan will pay most of the big fees when and if they happen. This is only one of the two basic types of pet health insurance, anyway.

Cover Most For The Huge Fees

This type of pet insurance is what most pet owners think of when medical coverage for pets comes to mind. They pay a monthly fee, along with a deductible on any claim, and the insurance company knocks that $5,000 surgery down to $500 (for example).

That emergency surgery wasn’t affordable before now becomes easily taken care of! Remember, you’ll sometimes have to pay the entire cost upfront until there’s an approval of your claim. Make sure you know what your pet insurance company will do for you!

This is where pet insurance truly shines! That monthly fee may not seem affordable, or even a waste of money, until the unexpected happens and this is the only way you can afford that life-saving surgery.

This is the second type of affordable pet insurance, best for owners that plan on visiting the veterinarian or groomer frequently each month. This coverage type will cover a small portion of almost every regular fee you can think of but isn’t as useful for costly emergency surgeries.

Which type of pet medical coverage is best for your situation? You have several options today!

Know Your Insurance Provider

Many of these best affordable pet insurance providers are very similar. You’ll find that several providers will claim to cover up to 90% of your veterinary bill when claims are approved. Nearly all of them will require a phone consultation to set up an individual quote.

Thankfully, most showcased in the table below will list the exact conditions they are willing to cover! It’s always important to know what you’re paying for. You don’t want to encounter a health problem or medical emergency that isn’t covered.

● Do they cover pre-existing conditions? Most do not.

● Are they highly rated with fantastic consumer reviews (other than on-site reviews)?

● Is the monthly fee worth any savings in the case of an emergency?

● Most importantly- do they offer what you’re looking for?

1. Healthy Paws Pet Insurance

Healthy paws offer a simple, no-hassle signup process for those who value simplicity! On their website, they are transparent with the basics of what is covered. The problem is (and this is the same with most cat or dog insurance plans) the website doesn’t tell you what you’ll be charged.

Moreover, like most, it’s necessary to contact an agent, to sign up for a pet insurance plan.

● No caps on claim payouts.

● Donates to animal rescue organizations.

● Covers hereditary & congenital conditions.

2. Embrace Pet Insurance

Embrace Pet Insurance offers a diminishing deductible over time, as long as claims aren’t made, and up to a 90% return when they are! It also covers a great many things, most annotated directly on their front page. In fact, they are very clear about what they do and don’t cover.

● May cover pre-existing illnesses after a 12-month evaluation.

● Offers diminishing deductibles as long as no claims are made.

● Finally, covers up to 90% of the vet bill.

3. Pets Best Pet Insurance

Pet’s Best also offers up to 90% on your eligible veterinary bills. They seem to provide a very convenient signup process, along with a video on the homepage. Like many others, you will have to apply for a free quote to find out what your monthly fees will be.

● First, low-cost plans avg. around $35 for dogs and $25 for cats monthly.

● Second, risk-free cancelation for up to 30 days.

● Third, covers up to 90% of the vet bill.

4. Trupanion Pet Insurance

Trupanion, like many others, will cover up to 90% of your veterinary bill. They directly list the conditions that are present on the website. You always have 24-hours support, and all you need to do for a quote is call!

● First, you have the option to pay deductible only when a pet develops a new condition.

● Second, rates never rise, no matter the number of claims.

● Third, covers up to 90% of the vet bill.

Which Affordable Pet Insurance Company Is Right For You?

1. ASPCA Pet Insurance

ASPCA stands for The American Society for the Prevention of Cruelty to Animals. It is one of the top pet insurers in the United States, established in 1866. It’s an organization that mainly acts as a voice for the voiceless animals and their welfare. Also, it’s a welfare society that covers horses, dogs, cats, and dogs.

2. Embrace Pet Insurance

Embrace, founded in 2003, is a pet insurance policy that offers pet owners the ultimate confidence to take care of their pets with no surprise. Moreover, this insurance policy includes almost all types of veterinary care.

3. Figo Pet Insurance

Figo is a Chicago-based pet insurance company from where you can visit any licensed veterinarian in the US, Puerto Rico, and Canada. The company was established in 2013, including pet insurance emergency rooms, general veterinary specialists, and practices.

4. Healthy Paws Pet Insurance

Healthy Paws Pet Insurance, established in 2009, is a non-profit and pet insurer company. It’s a rescue organization that has the goal of having a dream of helping pet owners.

5. Lemonade Pet Insurance

Lemonade Pet Insurance is a fully licensed pet insurance company founded in 2016 that lets you add optional add-ons to your coverage and customize your own policy terms.

6. Nationwide Pet Insurance

Nationwide Pet Insurance is a company that’s a blessing for pet owners since 1982 as it’s popular among consumers for offering various insurance that includes life renters, homeowners, and life insurance policies. The organization is a well-established pet insurer that gives three different pet insurance options.

7. MetLife Pet Insurance

MetLife Pet Insurance was offers insurance to owners of both cats and dogs. The professionals of MetLife work in specific fields as it’s a center for pet insurance information following breed-related health tips.

8. PetPlan Pet Insurance

PetPlan, founded in 2003, is a leading pet health insurance provider in the US. In this, you can choose the coverage from a combination of three reimbursement levels, annual limits, and three deductibles.

9. PetsBest Pet Insurance

The PetsBest Insurance company, founded in 2005, offers cat and dog insurance for injuries and illness. It also sells two types of wellness plans that even cover proper routine care for dogs and cats.

10. Pumpkin Pet Insurance

The Pumpkin Pet Insurance Company, established in 2019, the company makes it much easier for you to apply for pet insurance plans for your cat or dog. Pet lovers can fill an easy online quote and can have various coverage alternatives for their beloved pet.

11. Spot Pet Insurance

The Spot Pet Insurance company, found in 2006, Spot pet insurers have many features that you can’t find in most other providers of pet insurance.

12. Trupanion Pet Insurance

Trupanion Pet Insurance is an exclusive provider with software that permits you to pay veterinarians immediately at the time of checkout.

Is The Cost Worth It?

Many pet care options above, like ‘PetsBest’ for example, offer low-cost plans averaging around $35 per month. Yes, that can add up over time. It’s also slightly more than the cost of single pizza delivery, and less than most dinners out.

Also, many pet owners spend this much on things they don’t really need multiple times a month, let alone once. In addition to this, your pet’s well-being is far more important than pizza delivery, and that security is well worth the cost!


If you’re looking for reliable, low-cost pet insurance that is there when you need it, you have several great options today!

Most above are highly rated and all are respectable, but which medical care provider is right for you and your situation?

Therefore, take your time and know what you’re paying for!

Don’t be fooled by the same advertising gimmicks most of them employ, and don’t believe one is better than the others just because it says so (most do).

All in all, your pet’s health and safety are both extremely important!


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