There are many pet insurance companies in Canada that offer affordable and cheap pet insurance plans. Therefore to get the best cheap pet insurance in Canada for 2024, you need to pay attention to factors such as your pet’s age and breed as well as your location and the level of coverage you choose. However, it’s important to compare different plans and read the fine print before making a decision.
Pet Insurance in Canada
The cost of pet insurance in Canada varies depending on the breed, age, and health condition of your animal. To clarify average rates in Canada range from $20 to $60 per month for dogs and $15 to $40 per month for cats. However, the cost can be higher or lower depending on the type of coverage you need for your animal. So It’s best to compare different policies and providers to find the one that suits your needs and budget.
Pet insurance coverage types in Canada include:
Accident-only coverage: Accident-only coverage provides coverage for accidents such as broken bones, cuts, and burns
Accident and illness coverage: Accident and illness coverage provides coverage for accidents and illnesses such as cancer, allergies, and infections
Wellness coverage: Wellness coverage provides coverage for routine care such as vaccinations, check-ups, and dental cleanings.
There are many companies that offer affordable and cheap pet insurance plans in Canada. Therefore please note that the cost varies depending on factors such as your animal’s age and breed as well as your location and the level of coverage you choose. It’s important to compare different plans and read the fine print before making a decision.
List of Best Cheap Pet Insurance in Canada 2024
There are several pet insurance companies in Canada that offer different coverage options. The best pet insurance companies list in Canada are:
- Fetch by The Dodo (PetPlan): Best pet insurance for dogs in Canada
- Trupanion: Best Pet Insurance Coverage 2023-2024
- Desjardins-Petline: Cheap Pet Insurance for cats
- Peppermint: Cheapest pet insurance in Canada 2024
- Sonnet-Petline: Cheapest Pet Insurance in Canada
- Petsecure: Best Cheap Pet Insurance in Canada
- Pets Plus Us: Best Pet insurance for unlimited coverage
1- Fetch by The Dodo (PetPlan): Best pet insurance for dogs in Canada
Fetch Pet Insurance was founded in 2003 by husband and wife Chris and Natasha Asherton. Fetch was awarded the exclusive license for the Petplan brand in the United States in 2003. But in 2020, private equity company Warburg Pincus acquired a minority stake in the company, and the insurance provider rebranded to “Fetch by The Dodo”. Fetch insurance policies are administered by Fetch Insurance Services, LLC and underwritten by XL Specialty Insurance Company or AXIS Insurance Company in the U.S. and AXIS Reinsurance Company in Canada.
Fetch by The Dodo offers two types of plans: dog insurance and cat insurance. Other animals aren’t eligible for coverage. In addition, Fetch offers special plans for young animals called puppy insurance and kitten insurance.
According to Fetch, their plans average around $35 per month for dogs and $25 per month for cats. This includes $5,000 of annual coverage, a $300 deductible, and an 80% reimbursement level. Fetch also offers discounts for paying annually instead of monthly and a Healthy Pet Credit that save you on your plan renewal if you did not file any claims the previous year.
Fetch by The Dodo is a legitimate pet insurance company that covers thousands of dogs and cats in North America. It doesn’t offer any add-on coverages, like for routine care. However, it covers vet exam fees for accident and illness-related visits, boarding fees if your animal needs to be hospitalized, and it also covers advertising and rewards if your animal is lost. It also has a 14-day waiting period for illnesses and a 48-hour waiting period for accidents.
2- Trupanion: Best Coverage 2024
Trupanion was founded by current CEO Darryl Rawlings as Vet insurance in Canada in 1999. It became the first North American pet insurance company to provide its own underwriting. In 2007, Trupanion raised $22 million from Maveron, RenaissanceRe, and a large private equity group.
Trupanion pet insurance covers treatment, hospitalization, and surgery for injuries and illnesses, including cancer. Diagnostic tests, hereditary conditions, congenital conditions, prescription medications, some prescription food and supplements purchased through a veterinarian, prosthetic devices and carts, and herbal therapy are also covered.
Trupanion pet insurance costs an average of $60 a month for unlimited annual coverage and a 90% reimbursement level. The cost may vary depending on the specific plan that you choose and the coverage that you need. A policy with Trupanion would cost between $22-$71 per month, depending on your chosen deductible. Additionally, the animal owner’s insurance rider would cost $4.95 per month, and the recovery and complementary care rider would cost $16.70 per month
Trupanion pet insurance reviews are mostly positive, especially on TrustPilot, where it has a 4.5 out of 5 TrustScore based on over 3,300 reviews. The company is accredited by the BBB, but has a lower rating of 3.14 out of 5 there, with some complaints about claims and payouts. Trupanion does not cover preventative care, exams, cosmetic procedures, or pre-existing conditions. Some customers share their stories of how Trupanion helped them with their animals’ health issues, such as cancer treatment, broken legs, and swallowing foreign objects.
Trupanion offers considerable coverage compared to most other pet insurance plans. However, it does not cover preventative care or wellness visits.
3- Desjardins-Petline: Cheap Pet Insurance in Canada for cats
The Desjardins Pet Insurance Program was launched in January 2013 and is available to all Canadians. Desjardins Pet Insurance is underwritten by Petline Insurance. Petline provided coverage for over 1.2 million animals over its 28-year history.
Desjardins offers three major types of policies: Accident, Accident and Illness, and Complete Coverage.
Desjardins average rates for plans with $5,000 or unlimited coverage, a $100 deductible, and an 80% reimbursement level, or the closest options available.
According to Desjardins, their pet insurance covers your dog or cat in case of an illness or accident. However depending on the plan you choose, it could also cover the most common types of care, such as dental cleanings, vaccination, and flea treatments. They offer three plans for your animal- from basic to comprehensive coverage.
4- Peppermint: Cheapest pet insurance in Canada 2024
Peppermint is a Canadian pet insurance provider that offers four levels of coverage, including an accident-only plan. Firstly it has cheaper monthly premiums than some of its competitors, Secondly, it offers additional coverage including behavioral and alternative care.
Peppermint offers four plans for your animal, all with 80% reimbursement. They offer additional coverage including behavioral and alternative care. Peppermint also covers fees related to helping find your pet if they are lost and burial and cremation fees.
Peppermint Pet Insurance offers four levels of coverage, including an accident-only plan. The average monthly cost is $47.20 for dogs and $29.54 for cats. The cost varies depending on the breed of your animal, their age, and the level of coverage you choose. the average cost for an accident-only policy is $201 per year for dogs (about $17 per month) and $122 per year for cats (about $10 per month).
Peppermint is a sound pet insurance choice with many advantages. The company doesn’t offer quite as many opportunities to customize your coverage as some insurers offer. But their plans feature a generous reimbursement level and a low deductible to help keep your out-of-pocket expenses low. Peppermint has some cons such as not being able to customize the deductible or reimbursement rate, age-based deductible applied as your animal gets older, no 24/7 animal health hotline, no coverage for dental illness, and no wellness.
5- Sonnet-Petline: Best Online Pet Insurance in Canada
Sonnet Insurance is Canada’s first fully online home and auto insurance. it is underwritten by Petline Insurance Company, the first and only licensed company in Canada to focus solely on pet health insurance. However, Sonnet covers accidents, illness, surgery, dental care, and more. The coverage for X-rays and diagnostics is also provided.
Sonnet provides coverage for emergency care and hospitalization. Kennel and boarding fees and lost animal advertising are also included. On the Other hand, your plan even covers cremation or burial costs and an in-memoriam donation, as well as holiday cancellations.
Sonnet rates are calculated for plans with $5,000 or unlimited coverage, a $100 deductible, and an 80% reimbursement level. The average rates for such plans are as follows:
- Dog insurance: $30-$60 per month
- Cat insurance: $20-$40 per month
Sonnet Pet Insurance covers all the basics and provides a few extra coverages. Sonnet Insurance has a 4.5 stars out of 5, based on Forbes Advisor Canada. However, it has a 4-star rating on Trustpilot based on 3,307 reviews. Sonnet, has only a maximum coverage option of $5,000. Per incident and per illness caps might be limiting.
6- Petsecure: Best Cheap Pet Insurance in Canada
Petsecure is one of the oldest and largest pet insurance providers in Canada. Founded in 1989, Petsecure is owned and operated by Canadians. With four different levels of coverage, Petsecure’s plans offer something for every animal owner. Petsecure offers three major types of policies: Accident, Accident and Illness, and Comprehensive.
Petsecure’s prices can vary depending on which coverage plan you choose. And, of course, if you have a cat or dog, their age, and the deductible choice. The monthly premium can cost anywhere from $25 to $100. According to of Petsecure reviews, average rates for plans with $5,000 or unlimited coverage, a $100 deductible and an 80% reimbursement level, or the closest options available.
Petsecure offers a variety of plans with different levels of coverage and deductibles. That is to say, the company has an 80% reimbursement level and a $100 deductible for most plans. The waiting period for accidents and illnesses is 48 hours. In short, PetSecure received an average rating of 4.2 out of 5 stars from 458 reviews.
Petsecure has mixed reviews but recent reviews are generally favorable. Common complaints are that they raised prices and denied claims for things animal owners believed would be covered. Petsecure’s lower per illness/accident caps are a drawback. Also, Petsecure only offers up to 80% reimbursement and no direct vet payment.
7- Pets Plus Us: Best Pet insurance for unlimited coverage
Pets Plus Us is a Canadian pet insurance company that was founded in 2012. According to their website, they are equal parts community, coverage, and membership. They are building a community that empowers and informs responsible animal ownership.
Pets Plus Us offers three major types of policies: Accident, Accident and Illness, and Wellness Care. Policies are also offered separately for cats and dogs with three distinct deductible and co-pay options for each
According to Forbes Advisor, Healthy Paws costs an average of $56 per month for unlimited annual coverage with a $100 deductible and 80% reimbursement level. There are no per-condition, annual, or lifetime payout caps. This company offers unlimited annual coverage and reimbursement choices of 70%, 80%, or 90%.
Healthy Paws Pet Insurance offers comprehensive coverage with no caps or limits for accidents and illnesses. However, they have an A+ rating and accreditation from the BBB. On the other hand, many customers praise its positive customer service and smooth claims processing. But Healthy Paws is not best for older animals, since it does not offer customizable policies for animals six years or older. Other providers, such as Lemonade or Embrace, might be alternative options for older pets.
Best pet insurance companies
- Best pet insurance company for dogs: The best pet insurance company for dogs in 2023 is Fetch by The Dodo. However, it’s important to note that the best pet insurance companies for your dog may depend on factors such as your dog’s breed, age, location, and specific needs. Other best pet insurance companies for dogs in Canada are Trupanion, Petsecure, and Pets Plus Us.
- Best Pet Insurance for pre existing conditions: Pet insurance providers in Canada typically exclude coverage for pre-existing conditions, but it’s worth checking with individual companies to see if they offer any pre-existing condition coverage.
- Cheap pet insurance no waiting period: Most pet insurance companies in Canada have waiting periods before coverage begins.