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Home / Pets / Pet Insurance / Cheapest Pet Insurance
Pet insurance

Cheapest Pet Insurance

Only the insurers that fit "cheapest pet insurance", quoted for the same pets and read policy by policy.

for budget
1

Pets Best (Accident & illness, three tiers) - Three coverage tiers, an unlimited option, a three-day accident wait and direct deposit — the flexible middle of the market Tested Aug 2026 by Team RankingRight

  • No upper age limit — one of the few that will still enrol a senior pet
  • Three-day accident waiting period, the shortest here
  • Unlimited annual payout available on the Elite tier
Good 8.3 Visit Site
$38 · checked Sep 11 38 USD/mo 19 USD/mo
2

Figo (Accident & illness, 100% option) - The only insurer here offering 100% reimbursement, with a one-day accident wait and a pet cloud app that holds records and vet chat Tested Aug 2026 by Team RankingRight

  • 100% reimbursement is available — no other insurer in the test offers it
  • One-day accident waiting period
  • Pet Cloud app stores records, finds vets and includes 24/7 vet chat
Good 8.1 Visit Site
$40 · checked Sep 11 40 USD/mo 20 USD/mo
3

Lemonade Pet (Accident & illness + add-ons) - The cheapest quotes in our test, an app that settles simple claims in minutes, and bundling discounts with renters or car insurance Tested Aug 2026 by Team RankingRight

  • Cheapest monthly premium on three of our four test pets
  • Simple claims paid in minutes through the app
  • Bundle discount with Lemonade renters, home or car insurance
Good 8.1 Visit Site
$32 · checked Sep 11 32 USD/mo 16 USD/mo

What separates the cheapest pet insurance picks on this page?

Price is the first thing most shoppers check, and Lemonade Pet leads there at $32 a month. Pets Best sits at $38 and Figo at $40. The scores are close: Pets Best 8.3, Figo 8.1, Lemonade Pet 8.1. That gap is small, so the deciding factors are usually coverage and waiting periods, not the monthly number.

Lemonade Pet was the cheapest monthly premium on three of our four test pets, and simple claims are paid in minutes through the app. The catch: exam fees, dental and behavioural cover are paid add-ons that erase the price advantage.

Figo is the only insurer here offering 100% reimbursement, and its accident waiting period is one day. The Pet Cloud app stores records, finds vets and includes 24/7 vet chat. Exam fees and dental are paid "powerups", and there is a six-month orthopaedic wait.

Pets Best has no upper age limit, so it will still enrol a senior pet. Its three-day accident waiting period is the shortest here, and the Elite tier offers an unlimited annual payout. Exam fees and dental need the Plus tier or higher, and there is a six-month cruciate wait.

What should you check before buying cheap pet insurance?

Our scoring puts 30 points on what is covered, 20 on limits and exclusions, 20 on price, 20 on claims and payout, and 10 on wellness and extras. Price is only a fifth of the picture, which is why the cheapest quote is not automatically the right policy.

  • Waiting periods: Figo one day for accidents, Pets Best three days, and all three list a six-month wait on cruciate or orthopaedic conditions.
  • Add-ons: exam fees and dental are paid extras at Figo and Lemonade Pet, and need the Plus tier or higher at Pets Best.
  • Reimbursement: only Figo offers 100% reimbursement.
  • Age limits: Pets Best has no upper age limit.

Lemonade Pet

For the lowest monthly premium and fast app claims, especially if you can bundle with Lemonade renters, home or car insurance.

Figo

For 100% reimbursement, a one-day accident wait and an app that holds records and vet chat.

Pets Best

For senior pets, a three-day accident wait and an unlimited annual payout on the Elite tier.

Lemonade Pet suits the shopper who wants the lowest monthly premium and quick app claims. Figo suits anyone who needs 100% reimbursement and a one-day accident wait. Pets Best suits owners of senior pets who want no upper age limit and an unlimited annual payout option.

Related guides

Pre-Existing Conditions: The Clause That Decides Whether Pet Insurance Pays

Questions about cheapest pet insurance

Are pre-existing conditions ever covered?
No insurer covers a condition your pet showed signs of before the policy started or during the waiting period. The difference is in the definition: Embrace, Pets Best and ASPCA will cover a curable condition again if it stays symptom-free and treatment-free for twelve months. Healthy Paws and Trupanion treat most as permanent exclusions. This is the single biggest reason to insure a pet while it is young and healthy.
What are waiting periods?
The gap between buying and being covered. Typically two to fifteen days for accidents and fourteen to thirty days for illness. Orthopaedic conditions are the catch: Healthy Paws imposes twelve months for hip dysplasia, Embrace six months (waivable with an exam), Lemonade thirty days in most states. If your dog is a breed prone to cruciate or hip problems, read this clause first.
How does reimbursement work?
You pay the vet, submit the invoice, and the insurer pays you back the agreed percentage after your deductible. Trupanion is the exception here: its software can pay the clinic directly at checkout where the practice supports it, which matters if a $6,000 surgery would not fit on your card.
Is pet insurance worth it?
It is a bet you hope to lose. A routine year costs you the premium for nothing; one cruciate repair runs $3,500 to $7,000 and one night of emergency care $1,500 to $3,000. If you could not absorb that without debt, insurance moves the risk for $30 to $70 a month. If you could, a dedicated savings account does the same job with no exclusions.
How do you test pet insurance?
We quote the same four pets from the same ZIP codes at identical settings, then read each policy document end to end: covered conditions, exclusions, caps, waiting periods, age limits, the pre-existing definition and the renewal terms. We check complaint data in state insurance department filings and record published claim-processing times and whether direct vet payment is available.

*Scores: What is covered 30 · Limits & exclusions 20 · Price 20 · Claims & payout 20 · Wellness & extras 10; score = Σ ÷ 10. Prices shown were checked on the date beside each and may change. Affiliate links are added only after a score is locked and can never change it. How we rank.

#1 Pets Best8.3 · $38
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