Owning multiple pets can bring immense joy and companionship to your life. However, it also means that you are responsible for their well-being, including their veterinary care. The cost of veterinary bills for multiple pets can quickly add up, especially in the event of an unexpected illness or injury. This is where pet insurance comes in handy.
By having pet insurance for multiple pets, you can ensure that you are financially prepared to provide the necessary care for your furry companions without worrying about the burden of high veterinary costs.
In this comprehensive guide, we will explore the best pet insurance options for multiple pets. We have conducted extensive research and analyzed various pet insurance companies to identify the top providers that offer comprehensive coverage, affordable pricing, and discounts for insuring multiple pets.
Whether you have two cats, three dogs, or a mix of different species, we have you covered.
How Does Multi-Pet Insurance Work?
When purchasing pet insurance for multiple animals, you have two options. You can either add pets to a single policy or purchase separate policies for each pet. Many pet insurance companies offer a multi-pet discount of 5% to 10% for insuring multiple pets under one policy. This discount can help reduce your overall premium costs.
If you choose to add pets to a single policy, you may have the flexibility to customize the reimbursement rates, annual coverage limits, and deductibles for each pet. This customization allows you to tailor the policy to the specific needs of each pet, ensuring that you are not overpaying for coverage that may not be necessary for every animal.
Submitting a claim on a multi-pet insurance policy is similar to a single-pet insurance plan. The only difference is that you will need to select the specific animal the claim is for and provide the corresponding medical documentation.
The Top Pet Insurance Companies for Multiple Pets
After careful analysis, we have identified the top pet insurance companies that offer multi-pet discounts and provide comprehensive coverage for multiple pets. These companies have been chosen based on their reputation, coverage options, pricing, and customer satisfaction. Let’s take a closer look at each of these providers:
1. Embrace: Best for Superior Benefits
Embrace pet insurance offers a 10% multi-pet discount and provides excellent coverage benefits for multiple pets. Their comprehensive plan covers veterinarian office visit fees for both illness and accidents.
Embrace also offers a “diminishing deductible” feature, reducing the deductible by $50 for every claim-free year. With a waiting period of only 2 days for accident coverage, Embrace ensures that your pets are protected from unexpected mishaps. They also provide an optional wellness plan for preventive care.
2. ManyPets: Best Cost for Unlimited Annual Coverage
ManyPets offers the lowest prices for unlimited annual coverage among the providers we evaluated, even without a multi-pet discount. Their plan includes coverage for vet exam fees, surgeries, and dental illnesses.
One unique feature of ManyPets is that they reduce the waiting period for illness and accident coverage to 24 hours if you switch over from another pet insurance company. Although they do not offer a multi-pet discount, their competitive pricing makes them an attractive option for insuring multiple pets.
3. Paw Protect: Best for Paying Covered Vet Bills Instantly
Paw Protect offers the same plan and pricing as Embrace but with an added benefit. They provide policyholders with a virtual credit card that has a $5,000 line of credit. This line of credit can be used to pay vet bills without any fees, interest charges, or credit checks.
You can use the credit card to pay the vet bill directly, eliminating the need to pay upfront and wait for insurance reimbursement. Paw Protect also offers a 10% multi-pet discount and includes a “diminishing deductible” feature.
4. Pumpkin: Great for Senior Cats and Dogs
Pumpkin pet insurance offers a 10% multi-pet discount and provides coverage options for senior cats and dogs. Their plans include coverage for vet exam fees, surgeries, and dental illnesses. Pumpkin stands out by offering a range of annual coverage limits, allowing you to choose the level of coverage that suits your pets’ needs.
They also offer a 90% reimbursement level for cats and dogs aged 8 weeks and older. With a waiting period of 14 days for accident coverage, Pumpkin ensures that your pets are protected from unexpected mishaps.
5. Spot: Best for Annual Coverage Choices
Spot pet insurance offers a 10% multi-pet discount and provides a wide range of options for annual coverage limits and deductibles. Their plans cover vet exam fees, microchips, and optional wellness plans.
Spot also offers a 24/7 pet telehealth line, providing access to veterinary professionals for any questions or concerns you may have about your pets’ health. With a waiting period of 14 days for accident coverage, Spot ensures that your pets are protected from unexpected mishaps.
6. Pets Best: Great for Choices of Deductible
Pets Best pet insurance offers a 5% multi-pet discount and provides a variety of deductible choices. Their plans cover vet exam fees and routine wellness care, and offer the option to pay your vet directly if they agree.
Pets Best has a short waiting period of only 3 days for accident coverage. They also offer a 24/7 pet telehealth line, providing access to veterinary professionals for any questions or concerns you may have about your pets’ health.
7. Figo: Great for Short Waiting Periods for Accident Coverage
Figo pet insurance offers a 5% multi-pet discount and has a short waiting period of only 1 day for accident coverage. They provide a wide variety of options for coverage, reimbursement, and deductible, allowing you to customize the plan to fit your budget.
Figo also offers a 100% reimbursement option, ensuring that you are fully covered for eligible expenses. They provide a 24/7 pet telehealth line for any immediate concerns about your pets’ health.
8. Lemonade: Best Price for Kittens and Puppies
Lemonade pet insurance offers a 10% multi-pet discount and provides affordable coverage for kittens and puppies. Their plans cover vet exam fees, and optional wellness care, and have a waiting period of 14 days for accident coverage.
Lemonade is known for its fast claims processing, ensuring that you receive prompt reimbursement for eligible expenses.
9. Trupanion: Best for Lowest Out-of-Pocket Claims Costs
Trupanion Pet Insurance does not offer a multi-pet discount but provides coverage with no payout limits. Their plans cover a wide range of conditions, including hereditary and congenital disorders.
Trupanion offers a simple 90% reimbursement option, keeping your out-of-pocket claims costs to a minimum. They also provide a 24/7 pet helpline for any questions or concerns you may have about your pets’ health.
How Much Does Multi-Pet Insurance Cost?
The cost of multi-pet insurance varies depending on various factors, including the number of pets, their breed, age, and the coverage options you choose. While adding multiple pets to a single policy typically results in a discount of 5% to 10%, the overall cost will depend on the specific circumstances of each pet.
To provide a general idea of the cost, we gathered quotes for a pet insurance policy in Raleigh, N.C., covering two dogs. The average monthly cost for insuring two dogs with an 80% reimbursement rate, a $250 deductible, and the maximum annual limit allowed by the respective provider is approximately $112. With a 10% multi-pet discount, the total monthly rate drops to around $101.
It is important to note that these prices are based on specific criteria and may vary depending on your location, the age and breed of your pets, and the coverage options you choose.
Is Multi-Pet Insurance Worth It?
We believe that multi-pet insurance is worth it if you own more than one dog or cat. Combining pet insurance policies can help you save on premiums and streamline the claims process. By insuring multiple pets under one policy, you can also ensure consistent coverage for all your furry companions.
However, if you only have one pet currently but plan on adopting another in the near future, it may be more cost-effective to get single-pet coverage and add the new addition to your policy later. Most pet insurance companies allow you to add a pet to your policy by calling their customer service line and will apply a multi-pet discount accordingly.
It is important to note that multi-pet policies are not ideal for pet owners with exotic pets, as coverage for these animals may be limited. In such cases, it may be more beneficial to get individual policies for each pet.
Customizing Your Multi-Pet Insurance Policy
Most pet insurance providers offer the flexibility to customize your pet insurance plan for multiple pets. You can choose the annual coverage limit, reimbursement rate, and deductible that best suit the needs of each pet. This customization allows you to tailor the policy to your budget and ensure that you are not overpaying for coverage that may not be necessary for every animal.
However, it is essential to review the coverage options and limitations of each provider to ensure that the customized policy meets your pets’ specific needs. Some providers may offer unique coverage options, such as alternative treatments or behavioral therapy, which can be beneficial for certain pets.
Frequently Asked Questions About Pet Insurance for Multiple Pets
How did you rank the best pet insurance companies for multiple pets?
We ranked the best pet insurance companies for multiple pets based on several factors, including multi-pet discounts, the number of pets allowed on a policy, the availability of multiple plan options, customizable coverage levels, cost, and special perks. Our team conducted extensive research and analysis to provide an objective ranking of the top pet insurance providers for multiple pets.
Can I have two pet insurance policies for one pet?
Yes, it is possible to have multiple pet insurance policies for one pet. However, the logistics and benefits of having multiple policies may vary depending on the insurance companies involved.
Some companies may split the costs between policies, while others may require coordination between the primary and secondary insurers.
It is important to review the terms and conditions of each policy and communicate with the insurance companies to understand how multiple policies would work for your pet.
Is there a time limit for adding another pet to my insurance?
There is usually no time limit for adding another pet to your insurance. If you have two pets, you can purchase a policy for both on the same day.
If you acquire a new pet, you can add them to your existing policy. The multi-pet discount will typically be applied to the second pet’s policy.
It is advisable to contact your pet insurance company’s customer service to add a pet to your policy and discuss the available discounts.
How do I find a multi-pet insurance policy?
To find a multi-pet insurance policy, it is recommended to gather quotes from several pet insurance companies. You can obtain quotes by visiting each company’s website or contacting their customer service.
It is important to compare the coverage options, pricing, and discounts offered by each company to find the best multi-pet insurance policy that suits your needs and budget.
Having pet insurance for multiple pets can provide peace of mind and financial security when it comes to their veterinary care. By insuring multiple pets under one policy, you can save on premiums and streamline the claims process. The top pet insurance companies for multiple pets, such as Embrace, ManyPets, and Paw Protect, offer comprehensive coverage, affordable pricing, and multi-pet discounts.