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As countless families can attest, multiple pets can bring more joy and companionship to your home. But the more pets you have, the more vet bills you'll inevitably pay. One way to reduce pet care for your fur babies is with a multi-pet insurance policy.
Compare the Best Multi-Pet Insurance
Getting each of your pets insured can put a sizable dent in your budget, which is where multi-pet insurance comes in handy. When choosing the best multi-pet insurance, we looked at the flexibility of the policy in the number of pets, types of pets, and pet ages. As multi-pet insurance is supposed to save you money, we also looked at how cost-efficient the policy is and discounts given for enrolling multiple pets.
Here are our picks for the best multi-pet insurance in 2024.
Best Multi-Pet Insurance for Unlimited Coverage
Figo Pet Insurance
Figo Pet Insurance offers a 5% multi-pet discount for cats and dogs with coverage for illnesses, accidents, and emergencies. Figo has just a one-day waiting period for accident-related injuries. There are no limits on the number of incidents, and both dogs and cats have three reimbursem*nt options: $5,000 (Essential Plan), $10,000 (Preferred Plan), or unlimited (Ultimate Plan).
You'll be able to see all of your pets' vet records, manage pending claims, and even access a live 24/7 vet chat feature on Figo's mobile app, called the Pet Cloud. This makes managing multiple pets far easier.
Where Figo stands out is its optional coverage options, which it refers to as "Powerups." Wellness coverage can help defray costs related to exams and vaccinations. The Extra Care Pack includes unique perks like helping you with lost pet advertising, supporting burial and cremation costs if your beloved pet passes on, boarding fees, and help if your pet is lost or stolen. You can also get Veterinary Exams Fees which help pay for vet visits.
To get a Figo Pet Insurance policy, pets must be eight weeks old. While there's no upper age limit, if you have a dog 8 years old and up or a cat 10 years old and up, the company asks pet parents to follow vet guidelines around any senior testing.
Read our Figo Pet Insurance review.
Best Multi-Pet Insurance for Customizability
Lemonade Pet Insurance
Lemonade is a comprehensive insurance provider offering renters, home, auto, term life, and pet insurance. Pet owners who are in need of other insurance services can save 10% when bundling with Lemonade's other insurance policies. They can also earn a 5% multi-pet discount and an additional 5% discount for enrolling multiple pets. These discounts, along with generally low premiums, makes Lemonade one of the cheapest pet insurance companies.
While it offers a nice array of discounts, Lemonade really stands out for its customizability. Its base plan offers testing, procedures, and medication coverage. While its a very basic plan, customers can add quite a few riders to their plan to beef up coverage, such as vet visit fees, dental illnesses, and behavioral conditions.
This level of customization lets pet owners create a policy with the coverages they need while cutting out the benefits they don't want. This will save you a money each month (for toys and treats), especially with multiple pets. This also means that even if you have multiple pets, each pet can get an insurance policy right for them.
However, Lemonade has a convenient app as well, that helps you with Lemonade's unique claim filing option. Pet parents can go through the app to file a video claim. For those who don't have the time to type it out or express themselves better in speech, this transforms the customer experience. The company website states claims can be approved in minutes, which is confirmed by customer reviews on Trustpilot, where it has an average rating of 4.4 stars out of five.
Currently available in 37 states, Lemonade pet insurance can help cover procedures and emergency care, medication, blood work, CT scans. It also offers preventative options to reduce the costs of routine care.
Read our Lemonade Pet Insurance review.
Best Multi-Pet Insurance for Senior Pets
Pumpkin Pet Insurance
Pumpkin Pet Insurance offers multi-pet pet insurance for dogs and cats and is the best option for seniors, as it does not have age limits or breed exclusions. Especially in multi-pet households, there's a strong chance of at least one pet reaching its golden years. You shouldn't have to seek out a different provider to get a separate pet insurance policy for your senior. There's also a 10% multi-pet discount.
For dogs, annual limits include limits ranging from $10,000 to unlimited. For cats, the yearly limit options are $7,000, $15,000, or unlimited. Annual deductibles are as high as $1,000 and as low as $100, with 90% coinsurance (you pay 10%) across the board.
It covers certain things other insurers may not, including parasites, behavioral issues, dental illness, and hereditary conditions. Coverage can also extend to physical therapy and prescription food related to an accident or illness. Like Lemonade, Pumpkin offers a prevention option called Prevention Essentials to cover regular wellness visits.
Read our Pumpkin Pet Insurance review.
Best Multi-Pet Insurance for Discounts
Nationwide Pet Insurance
Nationwide Pet Insurance is a standout option for multi-pet pet insurance as it's affordable, has low premiums, and has numerous discounts. In addition, as part of the more extensive Nationwide network, pet parents can bundle pet insurance with its other products like homeowners or auto insurance.
Once your pet is signed up, the company doesn't impose upper age limits or breed restrictions on its insurance plans. One thing to note is it has an enrollment limit of 10 years old. One of the most appealing things to pet parents is that Nationwide Pet Insurance does not exclude all pre-existing conditions. In other words, if your pet has a "curable" condition like an ear infection, it may be covered if asymptomatic for six months.
Nationwide pet parents get a 5% discount for multiple pets and 5% if they have other Nationwide insurance plans. Nationwide employees also get an additional discount on its pet insurance plans.
Read our Nationwide Pet Insurance review.
Best Multi-Pet Insurance for Prescription Foods
Spot Pet Insurance
Spot pet insurance offers a 10% multi-pet discount with accident-only coverage, accident and illness coverage, and a preventive care plan. In addition, you can take your pet to any licensed veterinarian in the United States or Canada for care.
Spot Pet Insurance sells cat insurance plans starting at $10 per month and dog insurance plans starting at $16 per month. Spot offers plans with no annual limit or caps on incidents and up to 90% cash back on eligible medical expenses.
Spot also has a 24/7 telehealth option if you need pet care at any hour. Your pet must be at least eight weeks old, with no upper age limit for senior pets.
Note there is a 14-day waiting period for coverage. So anything occurring in your first two weeks of coverage will not be reimbursed. However, Spot is the best option for prescription foods compared to other pet insurance providers. This applies specifically if the prescription did not predate the policy. So if your pet needs prescription food for an eligible condition, Spot can help with costs.
Read our Spot Pet Insurance review.
Benefits of Multi-Pet Insurance
Cost Savings and Discounts
One of the primary benefits of multi-pet insurance is its cost-effectiveness. Most pet insurance companies will offer a 5-10% discount for enrolling multiple pets under the same policy. If you have an existing policy for one pet, you can often access the discount if you decide to add a second pet later.
Simplified Policy Management
Similar to the benefits of consolidating credit card debt, consolidating multiple plans into one also reduces the number of policies you have to keep track of and different claims processes. As a result, you're less likely to miss a payment and can streamline your claims.
Additionally, some companies have tools and mobile apps available to help you organize your pet's healthcare, like Figo's Pet Cloud.
Choosing the Right Multi-Pet Insurance
Assessing Your Pets' Insurance Needs
Obviously, your pets are all precious and unique. So are their needs. You'll want to find a multi-pet insurance policy that fits your needs accordingly.
You'll want to consider any pre-existing conditions that your pets have and see how each pet insurance company covers them. You'll also want to consider the spread of your pets' ages as many insurance companies have age caps on your pets.
Comparing Multi-Pet Insurance Providers
The best way to compare multi-pet insurance providers is to plug your pets' information and compare quotes side-by-side. When acquiring quotes, you'll also need to compare policy terms such as covered costs, flexibility, and reimbursem*nt limits.
You can use an insurance aggregator like PetPremium to aqcuire multiple quotes at once.
Best Multi-Pet Insurance FAQs
Is it worth comparing different companies before buying multi-pet insurance?
It's absolutely worth comparing different companies before buying multi-pet insurance. However, your existing provider offers a good point for comparison when shopping around for quotes.
Are there breed or age restrictions for pets in multi-pet insurance plans?
Yes, many multi-pet insurance plans have age restrictions for insurance plans, though breed restrictions are rarer. However, this isn't much different from a single-pet insurance policy.
Does multi-pet insurance offer the same coverage as individual pet policies?
Yes, multi-pet insurance typically offers the same comprehensive coverage as individual policies but for multiple pets under one plan.
How do I file a claim if more than one pet needs veterinary care?
Claims are typically filed individually for each pet, even under a multi-pet policy, with each claim subject to its deductible and reimbursem*nt rate. Be sure to file your claim within the designated filing window, which is typically within a few months after treatment.
Is multi-pet insurance more cost-effective than insuring pets separately?
Multi-pet insurance can be more cost-effective due to potential discounts for insuring several pets under one policy.
Why You Should Trust Us: Our Methodology for Reviewing Multi-Pet Insurance Companies
Many pet insurance companies compete for your business, which can make it overwhelming to find the right one. To choose the top seven multi-pet insurance companies, we assessed coverage options, affordability, mobile apps/chat options, optional add-ons, and discounts. In addition, we looked for companies offering appropriate benefits that honored promises made. Most of all, we look for companies likely to be around for the rest of your pet's natural life.
We know finding the right pet insurance is crucial to find care for your four-legged critter. Your pets are part of your family, and getting the right policy can offer peace of mind. But, more importantly, it can give you care options should your pet experience a medical emergency.
We looked at all the options on the market and boiled it down to these six options based on the criteria mentioned above. For more details, you can check out how Business Insider rates pet insurance.
MelanieLockertis the founder of the blog and author of the book, "Dear Debt." Through her blog, she chronicled her journey out of $81,000 in student loan debt. Her work has appeared on Business Insider, Time, Huffington Post and more. She is also the co-founder of theLola Retreat, which helps bold women face their fears, own their dreams and figure out a plan to be in control of their finances.
Compliance and Operations Associate
Evelyn He is a Compliance and Operations Associate on the Personal Finance team to ensure content accuracy and editorial independence so readers get up-to-date and objective financial advice.The compliance team's mission is to provide readers with fact-checked and current stories so they can make informed financial decisions. The team also works to minimize risk for partners by ensuring language is clear, precise, and fully compliant with regulatory and partner marketing guidelines that align with the editorial team.
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