7 Best Cheap Pet Insurance Options for 2023

Alana Grace

white dog and gray cat hugging each other on grass
Photo by Krista Mangulsone on Unsplash

Pet insurance can help you cover the costs of veterinary care for your furry friend, but it can also be expensive. Depending on the type of pet, the breed, the age, and the coverage level, you may pay anywhere from $20 to $50 per month for a pet insurance policy. However, there are some ways to find cheap pet insurance that still offers adequate protection for your pet. In this article, we will review seven of the best cheap pet insurance options for 2023 based on our analysis of rates, coverage, and customer reviews.

1. Spot Pet Insurance: Best for Customization

Spot Pet Insurance lets you customize your pet insurance plan to fit your budget and your pet’s needs. You can choose from different annual limits, deductibles, and reimbursement levels, as well as optional preventive care coverage. Spot also offers a 30-day money-back guarantee and a 10% discount for each additional pet you insure. Spot’s average monthly cost for unlimited coverage for dogs is $59.

2. Lemonade Pet Insurance: Best for Bundling

Lemonade Pet Insurance is a good option if you already have a home or renters insurance policy with Lemonade, as you can get a 10% discount on your pet insurance premium. Lemonade also has a fast and easy online application process and claims handling, as well as a giveback program that donates unused premiums to animal charities. Lemonade’s average monthly cost for unlimited coverage for dogs is $55.

3. Pets Best Pet Insurance: Best for Deductible Choices

Pets Best Pet Insurance offers a wide range of deductible choices, from $50 to $1,000, which can help you lower your premium or reduce your out-of-pocket expenses. Pets Best also has no upper age limits for pets, no enrollment fees, and a 24/7 pet helpline. Pets Best’s average monthly cost for unlimited coverage for dogs is $50.

4. ManyPets: Best for Unlimited Annual Coverage

ManyPets is a new entrant in the pet insurance market, but it has already earned a reputation for offering affordable and comprehensive coverage. ManyPets has no annual or lifetime limits on its policies, which means you can claim as much as you need for your pet’s medical expenses. ManyPets also covers alternative therapies, behavioral issues, and dental illnesses. ManyPets’ average monthly cost for unlimited coverage for dogs is $36.

5. Embrace Pet Insurance: Best for Superior Coverage Benefits

Embrace Pet Insurance may not be the cheapest option on this list, but it offers some of the best coverage benefits in the industry. Embrace covers exam fees, prescription drugs, dental illnesses, prosthetic limbs, and microchip implantation. Embrace also has a wellness rewards program that reimburses you for routine care expenses such as vaccinations, grooming, and training. Embrace’s average monthly cost for unlimited coverage for dogs is $58.

6. Paw Protect: Best for Paying Covered Vet Bills Instantly

Paw Protect is another new player in the pet insurance field, but it has a unique feature that sets it apart from the rest: it pays covered vet bills instantly at the point of service. This means you don’t have to wait for reimbursement or deal with paperwork. Paw Protect also covers pre-existing conditions after a 12-month waiting period and has no breed or age restrictions. Paw Protect’s average monthly cost for unlimited coverage for dogs is $58.

7. Figo Pet Insurance: Best for Short Waiting Periods

Figo Pet Insurance has some of the shortest waiting periods in the industry: only three days for accidents and 14 days for illnesses and knee conditions. Figo also has a user-friendly mobile app that lets you access your policy, submit claims, and chat with vets anytime. Figo covers exam fees, prescription medications, alternative treatments, and chronic conditions. Figo’s average monthly cost for unlimited coverage for dogs is $55.


Finding cheap pet insurance doesn’t have to mean compromising on quality or coverage. You can compare different options and choose the one that best suits your pet’s needs and your budget. However, you should also be aware of the limitations and exclusions of each policy, as well as the customer reviews and ratings of each provider. You should always read the policy documents carefully before signing up for any pet insurance plan.

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