The Top 7 Pet Insurance Companies for Multiple Pets: 2023
In this article: Why Multi-Pet Insurance Is Important | Top Pet Insurance Companies for Multiple Pets | Is It Worth It? | Waiting Periods | Preexisting Conditions | The Bottom Line | Other Resources | FAQ | Methodology
Having more than one pet brings extra joy and companionship, but it also means more animals to worry about—and pay for. Pet insurance can reduce expensive veterinary bills when any of your pets get sick or injured, allowing you to focus on their care instead of stressing about finances.
Some of the top pet insurance companies offer discounts and perks for multi-pet homes. We at the Guides Home Team have researched top providers and compiled our top recommendations.
Top Pet Insurance Companies For Multiple Pets
Below are the top pet insurers that offer multi-pet discounts:
Why Pet Insurance for Multiple Pets Is Important
Millions of pet parents have more than one pet, and bills can add up quickly. According to Rover.com, dog owners pay between $1,050 and $4,480 in upfront costs in the first year alone, and cat owners pay between $695 and $3,100. Just one emergency vet visit is reported to cost up to $1,200.
Pet insurance is relatively cheap in comparison and could save you thousands of dollars. Plus, knowing your pets are covered allows you to focus on their well-being rather than worrying about bills.
Lemonade Pet Insurance: Most Affordable Plans
Though primarily known for its homeowners and renters insurance, Lemonade offers comprehensive pet insurance plans. The company has more affordable policies than competitors, making it an excellent choice for pet parents on a budget. It also has a user-friendly mobile app that allows you to manage your pet’s health, track your policy coverage, check billing and file claims. It offers a 5{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for enrolling multiple pets.
Pros and Cons of Lemonade Pet Insurance
+ 5{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for multiple pets
+ Two-day waiting period for accidents, which is shorter than many competitors
+ 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for bundling your pet insurance policy with Lemonade home insurance or renters insurance
— Not available in 15 states
— Doesn’t cover pets over 14 years old
Lemonade Pet Insurance Coverage
Lemonade offers one accident-and-illness plan covering diagnostic tests, hospitalizations, surgery, cancer treatments, broken bones or sprains, prescription medications and more. Lemonade doesn’t cover preexisting conditions, behavioral treatments or elective or cosmetic procedures.
You can customize your Lemonade coverage with the following options:
- Deductibles: $100, $250 or $500
- Annual coverage limits: $5,000, $10,000, $20,000, $50,000 or $100,000
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} or 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
Spot Pet Insurance: Most Customizable
Spot Pet Insurance offers more customizable plans than many competitors, with annual limit options ranging from $2,500 to unlimited. It also covers some items many providers don’t, such as exam fees and microchipping. The company provides a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for multi-pet coverage.
Pros and Cons of Spot Pet Insurance
+ 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for multiple pets
+ Unlimited annual coverage option
+ No age limit for older animals
– 14-day waiting period, which is longer than some competitors
– No customer service on weekends
Spot Pet Insurance Coverage
Spot offers a low-cost accident-only plan and a more comprehensive accident-and-illness plan. Like other pet insurance providers, Spot excludes preexisting conditions.
Below are the customization options Spot offers:
- Deductibles: $100, $250, $500, $750 or $1,000
- Annual coverage limits: $2,500, $3,000, $4,000, $5,000, $7,000, $10,000 or unlimited
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} or 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
Embrace Pet Insurance: Our Pick for Savings
Embrace is ideal for pet parents searching for cheap pet insurance. The company provides considerable savings opportunities, including a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for each additional pet, a 5{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} military discount and a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for employees of companies that offer Embrace.
The company also provides a Healthy Pet Deductible that credits you with $50 toward your co-payment each year you don’t file a claim. This benefit could lower your deductible to $0 if your pet doesn’t require treatment for multiple years.
Pros and Cons of Embrace Pet Insurance
+ Includes a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} discount for each additional pet
+ Offers online customer support via live chat
+ Reduces your deductible by $50 each year you don’t file a claim
– Excludes supplements and prescription food coverage
– Includes a $650 annual limit for its wellness plan
Embrace Pet Insurance Coverage
Embrace offers one accident-and-illness plan covering your pet’s injuries, illnesses, chronic conditions, hip dysplasia and other conditions. It also covers alternative therapies, cancer treatments, emergency care, surgery, diagnostic procedures, physical therapy and more. Embrace excludes preexisting conditions and elective procedures, among other items.
Below are Embrace’s customization options:
- Deductibles: $200, $300, $500, $750 or $1,000
- Annual coverage limits: $5,000, $8,000, $10,000, $15,000 or $30,000
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} or 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
Figo Pet Insurance: Most Flexible Reimbursement Rates
Most companies limit the amount of a vet bill they’ll reimburse to 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, but Figo has a total reimbursement option of 100{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}. The provider also offers unlimited annual benefits and a range of useful add-ons to make your plan more comprehensive, such as liability coverage for damages or injuries your pet causes. Figo includes a 5{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multi-pet discount.
Pros and Cons of Figo Pet Insurance
+ Offers a 5{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multiple-pet discount
+ Has a one-day waiting period, which is shorter than most competitors
+ Doesn’t deny coverage based on old age
– Excludes behavioral treatments from coverage
– Requires an additional monthly charge for exam fee coverage
Figo Pet Insurance Coverage
Figo offers three tiers of accident-and-illness coverage. Its Essential plan provides $5,000 of coverage annually, while the Preferred plan offers $10,000. Its Unlimited plan has no annual coverage caps, so you’ll never run out of coverage.
Figo offers the following customization options:
- Deductibles: $100, $250, $500, $750
- Annual coverage limits: $5,000, $10,000, unlimited
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 100{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
ASPCA Pet Health Insurance: Most Experienced
With more than 15 years of experience, ASPCA Pet Health Insurance is one of the most well-known providers in the pet insurance industry. It offers multiple customization options to fit your needs and budget. It also offers a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multi-pet discount. However, it caps coverage at $10,000 per year, which is low compared to other providers.
Pros and Cons of ASPCA Pet Health Insurance
+ Includes a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multi-pet discount
+ Provides coverage for microchipping in every plan
+ Offers an accident-only plan at a low monthly cost
– Requires a transaction fee for monthly payments
– Has a maximum annual coverage limit of $10,000, which is lower than most providers
ASPCA Pet Health Insurance Coverage
ASPCA Pet Health Insurance’s accident-only plan covers emergencies related to accidents and injuries. Its Complete Coverage Plan covers accidents, illnesses, dental diseases, behavioral issues, hereditary conditions, congenital conditions and more. Neither plan covers preexisting conditions, breeding costs or cosmetic procedures.
Here are the customization options ASPCA offers:
- Deductibles: $100, $250 or $500
- Annual coverage limits: $3,000, $4,000, $5,000, $7,000 or $10,000
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} or 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
To learn more: ASPCA Pet Insurance review
Prudent Pet Insurance: Our Pick for Extra Coverage
Prudent Pet provides multiple levels of coverage, including two standard plans plus a comprehensive plan with unlimited annual coverage. It reimburses a few items competitors typically don’t, such as lost pet advertising and vacation cancellation fees. In addition, Prudent offers a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multiple-pet discount.
Pros and Cons of Prudent Pet Insurance
+ Includes a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multi-pet discount
+ Offers preventive care add-ons at three flexible monthly prices|
+ Provides 24/7 live vet chat with each plan
– Has higher plan prices than many competitors
– Doesn’t offer a mobile app, unlike many competitors
Prudent Pet Insurance Coverage
Prudent’s Pet’s cheapest pet insurance plan is its accident-only plan, which covers up to $10,000 per year for treatments, procedures, surgeries, specialized care and other accident-related costs.
The company’s Essential Plan combines accident-and-illness coverage with a $10,000 annual coverage limit and up to $250 per year for treating behavioral disorders. The Ultimate Plan covers everything in the Essential Plan but with unlimited annual coverage and behavioral disorder coverage of $1,000 per year.
Prudent Pet Insurance offers the following customization options:
- Deductibles: $100, $250, $500 or $1,000
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} or 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
To learn more: Prudent Pet Insurance review
Pets Best Insurance: Our Pick for Senior Pets
Pets Best covers pets of all ages, but it stands out for its coverage of older pets. It has no upper age limit, so you can enroll your furry friend at any time. Pets Best also offers a 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multi-pet discount and coverage for prescribed prosthetic devices and wheelchairs.
Pros and Cons of Pets Best Insurance
+ 10{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} multi-pet discount
+ No upper age limits for coverage
+ 24/7 Pet Helpline with veterinary experts
– Claims take an average of 30 days to process
– Limited annual coverage cap options (only $5,000 or unlimited)
Pets Best Insurance Coverage
Pets Best has several coverage options. Its accident-and-illness coverage, called the BestBenefit plan, is available at three levels: Essential, Plus and Elite. Each level increases in covered treatments and pricing.
Pets Best also offers an accident-only plan with a $10,000 annual limit, $250 deductible and 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} reimbursement. The accident-only plan is the most budget-friendly option, starting at $6 per month for cat insurance and $9 per month for dog insurance.
Below are Pets Best’s customization options:
- Deductibles: $50, $100, $200, $250, $500, $1000
- Annual coverage limits: $5,000, $10,000, unlimited
- Reimbursement rates: 70{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}, 80{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc} or 90{35112b74ca1a6bc4decb6697edde3f9edcc1b44915f2ccb9995df8df6b4364bc}
Is Pet Insurance Worth It?
Yes, pet insurance can be worth it, especially for households with multiple pets. According to the American Pet Products Association, pet owners spent a record amount on their pets in 2021, totaling $34.3 billion on vet care, surgical procedures and prescription medications.
Pet insurance costs significantly less in comparison, averaging $10 to $100 per month, depending on your plan and selected coverage. Most pet parents can expect to pay between $30 and $50 for dogs and $15 to $30 for cats. The more pets you have, the more you can save by enrolling them in pet insurance plans.
Does a Pet Insurance Plan Have Any Waiting Periods?
All pet insurance companies include a waiting period before coverage begins. This is the time between when you enroll your pet in a policy and when you’re eligible to make claims for reimbursement. Waiting periods are meant to prevent pet owners from quickly enrolling in a policy and receiving coverage for an injury or illness that has already occurred.
Below are the standard waiting periods for pet insurance plans:
- Two days for accidents
- 14 days for illnesses
- Six months for cruciate ligament or cranial events
Do Pet Insurance Plans Cover Preexisting Conditions?
No, pet insurance plans don’t cover preexisting conditions. Insurance companies see pets with these medical conditions as costly and high-risk investments because they’re guaranteed to need veterinary care in the foreseeable future.
However, some companies will distinguish between curable and incurable conditions. They’ll cover curable conditions with specific stipulations, typically if your pet goes 12 months without symptoms or treatment.
The Bottom Line: Should I Get Pet Insurance for Multiple Pets?
The more pets you own, the more valuable pet insurance becomes. Having more pets means more potential accidents or illnesses and more costly vet bills. Many top pet insurance providers offer discounts for multiple pets, making it an even more affordable investment. When you think about how much you may have to spend on veterinary care throughout your pets’ lifetimes, pet insurance is only a small price to pay.
We recommend getting quotes from at least three pet insurance companies to compare their offerings closely.
Other Pet Insurance Resources
Read more pet insurance resources here:
Frequently Asked Questions About Pet Insurance for Multiple Pets
Methodology: Our System for Ranking Pet Insurance Companies
Our review of pet insurance companies is based on in-depth industry research that includes reading hundreds of customer reviews, simulating the quote and purchasing process, speaking to representatives on the phone to assess the customer service experience and surveying 1,000 dog and cat owners nationwide to determine the most important elements of pet insurance coverage.
We scored each provider on a 100-point scale based on those elements. We then divided the points earned for each provider’s final score on a 5-point scale.
Here are more details about each factor and how they’re weighted:
- Monthly pricing (25 points): How much each company charges for its pet insurance plans is an important part of a customer’s decision. The best pet insurance companies combine comprehensive coverage and plan options with affordable rates.
- Plans (15 points): The top pet insurance companies offer accident and illness plans, accident-only plans and wellness or preventive care add-ons to give customers the option to choose a plan that’s best for their pet.
- Covered treatments (15 points): With this factor, we scored companies based on the treatments and procedures they cover. Companies with a breadth of included treatments and unique coverages received more points than providers with more standard or general policies.
- Customization options (10 points): Customizing your policy is a valuable way to ensure you only pay for what your pet needs. Providers with more annual-limit, deductible and reimbursement-rate options earned the highest scores.
- Customer care (10 points): We scored companies on their website accessibility and overall usability, customer service availability, mobile apps (if any), money-back guarantees and veterinarian telehealth options, awarding points to the insurers with more customer experience offerings.
- Industry reputation (10 points): To determine each company’s industry reputation, we reviewed up-to-date ratings and accreditation information from the Better Business Bureau (BBB) and scored companies on their years of experience in the industry and their state availability.
- Waiting periods (10 points): Companies with shorter accident, illness and orthopedic waiting periods between the sign-up and coverage start date scored higher than companies with longer waiting periods.
- Eligible age (5 points): Some companies don’t offer policies for pets that are over a certain age. We deducted points from providers that have age limits for covered pets.
We use our rating system to compare and contrast each company against key factors to help us determine the best pet insurance companies in the industry. Additionally, we keep our research up to date and revisit our reviews on a regular basis.
Alex Hawkins is an avid writer and researcher specializing in solar, pet insurance and home improvement. When he isn’t surveying homeowners to understand their pain points or speaking with professionals in the industries he covers, Alex can often be found creating videos for his YouTube channel, Analysis with Alex, or attending a heavy metal show.
Dana Getz is a seasoned editor with nearly a decade of experience writing and editing content. She has a background in journalism and worked as a fact-checker for prestigious magazines such as New York and Chicago. She holds a journalism and marketing degree from Northwestern University and has worked across numerous categories within the home services space.