16 Top Pet Insurance Companies Offering the Best Plans in Canada

If you’re really concerned about the well-being of your pet, you must think about pet insurance.

Like other types of insurance, pet insurance is coverage for emergency care, accidents, prescription, diagnostic tests and hospitalization among others.

Should anything happen to your pet in the future, you don’t have to worry about anything.

However, with the increasing number of pet insurance Canada, it can be tricky to find the best coverage for your pet.

This begs the question, what are the best pet insurance companies in Canada? How do you choose pet insurance that suits your needs?

Continue reading to find answers to these questions and lots more.

Table of Contents

Pet Insurance Overview

Pet insurance is coverage for the cost of pet-related medical expenses. It covers the cost of illnesses, accidents, diagnostic tests, prescriptions, hospitalization, surgery, emergency care among others.

Additionally, some pet insurance Canada provides general wellness coverage for your pet which includes checkups and vaccinations.

Pet insurance gives you the assurance that your pet will get the best possible treatment and attention if they encounter any covered disease or accident.

Besides, you want the best for your pet, and vet costs often mount up easily.

As a result, you and your pet will find lasting peace if the unexpected happens by paying a just monthly premium.

How Does Pet Insurance Work?

Like other types of insurance, pet insurance provides coverage in exchange for a premium or monthly fee.

As a result, you must commit to paying your premium to receive coverage from a pet insurance policy.

However, you must be cautious of the pet insurance company you choose since each has a different pricing structure.

But you don’t have to worry about that. As you continue reading, you learn about the best pet insurance companies in Canada.

What Does Pet Insurance Cover?

As I mentioned previously, different pet insurance companies have different coverage. However, the following are common coverage of pet insurance Canada:

  • Accidents
  • Sudden illness
  • Prescriptions
  • Diagnostic tests
  • Hospitalization
  • Emergency care
  • Surgery
  • Dental care etc.

Furthermore, some pet insurance companies provide additional coverage known as wellness coverage. This covers vaccinations, checkups and parasite prevention.

Since different pet insurance companies have different coverage, it’s essential to read the fine print to know what is covered and what is not.

What is Not Covered By Pet Insurance?

The coverage of pet insurance differs from one company to another. While there is common pet insurance coverage across companies, there are also common exclusions.

Some of the common exclusions of pet insurance include:

  • Pre-existing conditions
  • Flea treatments
  • Vaccinations
  • Grooming
  • Nail clipping
  • Wormers
  • Dematting/bathing
  • Castration
  • Spaying

Note: Read your insurance policy wording to learn more about the coverage and exclusions of your plan.

Pros

  • Save costs on pet health care
  • Flexible pricing options
  • Peace of mind
  • Support long-term pet health care
  • Unlimited health care

Cons

  • Not every pet is covered
  • Not every health condition is covered
  • Plans can be costly
  • Premiums can add up over time.

So is pet insurance worth it? Yes and no. Yes, in the sense that pet insurance will save you from surprises if you don’t have an emergency fund, TFSA or a high-interest savings account.

But if you already built an emergency fund or saved enough on a TFSA or a high-interest savings account, pet insurance is not necessary for you.

How Much Does Pet Insurance Cost Canada?

The average monthly fee (premium) for dog insurance in Canada is $29, and the average cost for a cat is $39.

However, the cost of pet insurance in Canada depends on your location and your pet’s breed, age, and sex.

Furthermore, the cost of your pet insurance depends on the pet insurance company, the amount of insurance coverage, annual limit, percentage of reimbursement, deductible, additional perks and add-ons.

Thus, it’s essential to compare different pet insurance companies to choose the one that suits your needs and budget. You don’t have to worry about that. I’ve done a hard job for you here.

How are Pet Insurance Plans Calculated?

Pet insurance plans are usually calculated using the following factors:

1. The Age of Your Pet

The older your pet, the higher your premiums. This is because older pets pose a higher risk to insurance companies than younger pets.

However, not all insurance companies charge high premiums for older pets. So it’s essential to confirm the cost from your policy provider. 

2. The Type of Pet

Some breeds are more expensive than others because they are prone to more health problems. So your insurance company will consider the type of your pet when calculating your premium.

3. The Level of Coverage You Choose

Are you looking for full or partial coverage? The higher the coverage, the higher your premium. Notwithstanding, some insurance companies offer affordable and extensive coverage.

Is Pet Insurance Worth It?

Yes, pet insurance is worth it if you’re really concerned about the long-term well-being of your pet.

With pet insurance, you don’t have to worry about sudden illness or accidents that may hit your pet.

However, if you’ve built enough emergency funds on a high in a savings account or TFSA, you may consider pet insurance an option.

How to Find the Best Pet Insurance Plan?

The following factors will help you find the best pet insurance plan in Canada:

1. Compare

Comparing different insurance companies is the first step to finding the best pet insurance plan in Canada.

By comparing different insurance companies in Canada, you will understand which insurance company has the best plans, coverage and premium.

2. Review Coverage vs Exclusions

Different insurance companies have different coverage in Canada. You want to choose a plan that covers what you need for your pet. 

Consequently, you should read the policy wording of your potential insurer carefully to see the available coverage and exclusions.

3. Conduct Background Check

Understanding the insurance company, you’re dealing with will help you avoid costly mistakes in the future.

Thus, you should research the insurance company and see what others are saying about it. Furthermore, consider the age of the company when researching.

4. Evaluate Cost vs Value

Buying cheap insurance is one thing; getting the coverage you need is another. Thus, you should look beyond the cost of the insurance and consider the value.

Overall, the amount of coverage you need will determine your premium. Choose an insurance company with the coverage you need at an affordable price.

How to Choose a Great Pet Insurance Company

Here are the four factors to look for in any pet insurance company:

1. Coverage and Exclusions

Knowing the coverage and exclusions of pet insurance will help you limit your expectations on your pet health care.

2. Benefit Limits

A pet insurance company may offer an annual, lifetime, unlimited lifetime or per-condition benefit. Ensure that you choose pet insurance with a benefit limit that suits your budget and needs.

3. Deductibles

Deductibles refer to the amount your pet insurance company charges you before reimbursing your costs. Generally, the higher your deductibles, the lower your premium.

Here are the three types of deductibles offered by pet insurance companies:

  • Annual: One deductible payment per treatment in a year.
  • Per-Condition (Annual): A separate deductible per any treatment in a year.
  • Per-Condition (Lifetime): A separate deductible per any treatment and lifetime coverage upon payment.

4. Reimbursement Methods 

The higher your monthly premium, the higher your reimbursement rate.

Most pet insurance companies ask you to make an upfront vet payment to reimburse your plan coverage.

The best pet insurance companies in Canada will also pre-authorize costly treatment and pay the hospital bills automatically.

Furthermore, most pet insurance companies provide reimbursement rates ranging from 70 to 90% of the bill, while a few companies pay up to 100%.

16 Best Pet Insurance Companies in Canada

So far, I have explained what pet insurance entails, its pros and cons, and what to look for in a pet insurance company.

Based on the preceding factors, here are the best pet insurance companies in Canada:

1. Petplan

Founded in 2003, Petplan is one of the best pet insurance companies in Canada. This company is famous due to its low-cost pet insurance policies.

That said, Petplan is a flexible insurance company that provides several coverage and benefits that meet the needs of several pet owners.

Furthermore, this pet insurance company offers discounts options that help pet owners reduce the cost of their pet insurance coverage.

Coverage

  • Access to Canada and the US vet
  • Three reimbursement options (70%, 80%, and 90%).
  • Medications, hospital stays, advanced testing, and non-routine exam fees
  • Treatment of periodontal disease
  • Dental injury

Exclusions

  • Routine Care
  • Limited coverage on pregnancy
  • Vaccines
  • Pre-existing conditions

2. PetSecure

Founded in 1989, PetSecure is an old pet insurance provider in Canada with up to 80% reimbursement for vet services and treatments.

What I like about PetSecure is its wide range of preventive care services and coverage, giving your pet all-round protection.

With its multi-pet discounts, PetSecure has a package for your cats and dogs irrespective of their breed or age.

Coverage

  • Up to 80% reimbursement for vet services and treatments
  • Alternative therapy
  • Preventive care
  • Medical device
  • Unlimited benefit for Secure 4 plans

Exclusions

  • Pre-existing conditions
  • Neutering, spraying or any reproductive system expenses
  • Pregnancy
  • Non-essential services and supplies

3. Pet Plus Us

Founded in 2012, Pet Plus Us is a newcomer in the pet insurance industry offering three major insurance policies: Accident and Wellness, Accident and Wellness Care.

Furthermore, this insurance company offers separate insurance policies for dogs and cats with three co-pay and deductible options.

One thing I like about Pet Plus Us is its fair treatment to all pets without regard to their age. It also has multiple conditions treated by a veterinarian.

Coverage

  • Annual deductible according to pet age
  • Wellness care
  • Alternative treatment coverage
  • $1,000 in medical devices
  • Annual maximum benefits of up to $15,000

Exceptions

  • Pre-existing conditions
  • Routine procedures and vaccinations
  • All reproductive system expenses
  • Non-essential services and supplies

4. Trupanion

Founded in 1999, Trupanion is a household name when it comes to pet insurance companies in Canada.

This company insures both dogs and cats with no payout limit, providing pet owners financial protection.

Furthermore, Trupanion pet insurance covers diagnostic tests, medication, hospitalization, surgeries, among other treatments. Its wide range of coverage makes it one of the best pet insurance companies in Canada.

Coverage

  • Unlimited payouts 
  • Up to 90% coverage
  • Fast payouts and no penalties for filing claims
  • Per-condition deductible

Exclusions

  • Pre-existing conditions
  • Exam fees
  • Vaccinations, de-worming flea control, and other preventive care treatments

5. Sonnet Insurance

Sonnet is one of the best pet insurance companies in Canada, offering competitive, flexible, and extensive pet insurance policies.

That said, this award-winning insurance company is available to the residents of Prince Edward Island, Ontario, Alberta, Nova Scotia, B.C, New Brunswick and Quebec.

Coverage

  • 80% vet bills
  • Exam fees
  • Illness
  • Medication
  • Surgeries
  • Dental care
  • X-ray and diagnosis
  • Medical devices
  • Alternative and behavioural therapy
  • And more

Exclusions

  • Pre-existing conditions
  • Spay or neuter surgery
  • Pregnancy-related expenses
  • Optional treatments
  • Food and special diets
  • Alternative medications
  • Wellness coverage and routine care
  • And more.

6. Prudent Canada Pet Insurance

Prudent Canada is another top pet insurance provider in Canada worth considering.

That said, this pet insurance company offers two insurance plans, helping you choose a price that suits your budget.

Coverage

  • Accidents
  • Illnesses
  • Dental disease
  • Emergencies
  • Destructive behavioural issues
  • Hereditary and congenital conditions
  • And more.

Exclusions

  • Pre-existing conditions
  • Cloned pets or cloning procedures
  • Grooming or grooming supplies
  • And more.

7. CAA Pet Insurance

The Canadian Automobile Association (CAA) offers extensive pet insurance coverage on accidents or illnesses. If you’re a CAA Member, you have exclusive access to this plan.

Furthermore, this insurance is underwritten and distributed by Petline Insurance Company and is available to all eligible Canadians.

Coverage

  • Veterinary services
  • Dental coverage
  • Alternative and behavioural therapies
  • Medical devices
  • Prescription food

Exclusions

  • Pre-existing conditions
  • Ligament or joint problems
  • Known behavioural problem-related accidents
  • Illness caused by contaminated stagnant water
  • Arthritis and/or degenerative joint treatments
  • Accident related consequential damage
  • Allergic reaction to flea bites treatment
  • Soft tissue or muscle inflammation

8. OVMA Pet Health Insurance

As Ontario’s largest veterinary association, the Ontario Veterinary Medical Association (OVMA) is one of the best pet insurance companies in Canada.

Underwritten by Petline Insurance Company, OVMA Pet Health Insurance has extensive coverage with competitive pricing.

Coverage

  • Preventive care
  • Dental Coverage
  • Alternative and behavioural Therapies
  • Medical devices
  • Boarding kennel & cattery
  • And more.

Exclusions

  • Treatment for unrelated illness or accident
  • Occurrence of a natural disaster
  • Prescription or therapeutic diets
  • Pregnancy and related conditions
  • And more.

9. Pet Shield Insurance

Pet Shield Insurance got you covered against costly veterinary bills in Canada.

That said, this pet insurance company offers plans with special coverage and additional benefits to give your pet the care they deserve.

Coverage

  • 80% coverage for accidents or illnesses
  • Four plans to choose from
  • One annual deductible
  • Routine dental coverage
  • And more.

Exclusions

  • Pre-existing or foreseeable conditions
  • Treatment for unrelated illness or accident
  • Occurrence of a natural disaster
  • Prescription or therapeutic diets
  • Pregnancy and related conditions.
  • And more.

10. Peppermint

Peppermint was launched in 2018 by the Petline Insurance Company to offer cost-effective insurance solutions to Canadians.

With 80% coverage on accident and illness expenses, this insurance company got you covered for surprises.

Coverage

  • 80% coverage
  • Accident and illness coverage
  • Prescription food
  • Boarding kennel & cattery fees
  • Alternative and behavioural therapies
  • Medical devices
  • And more.

Exclusions

  • Treatment unrelated of to insured illness or accident
  • Pre-existing or foreseeable conditions
  • Flea control
  • Pregnancy and related expenses
  • And more.

11. The Desjardins Pet Insurance

The Desjardins is also owned by the Petline Insurance Company and offers competitive insurance plans, making it worth recommending. 

With three plans to choose from, Desjardins ensures that you have pet insurance that meets your needs.

Coverage

  • 80% of pet care costs
  • Accident
  • Illness
  • Dental care
  • Alternative and behaviour therapies
  • Medical devices
  • Annual exams and preventive medication

Exclusions

  • Cremation or burial expenses
  • Treatment for umbilical hernias
  • Prescription or therapeutic diets
  • Excluded treatment for accident or illness
  • And more.

12. The Personal Pet Insurance

Launched in 2012, Personal Pet Insurance is one of the best pet insurance companies to consider in Canada due to its extensive and competitive plans.

That said, Personal Pet Insurance offers three plans to choose from, ensuring you get the coverage you need within your budget. 

Coverage

  • Accident and illness
  • Dental care
  • Alternative and behaviour therapies
  • Medical devices
  • Preventive care coverage

Exclusions

  • Pre-existing condition
  • Cremation or burial expenses
  • Treatment for umbilical hernias
  • Prescription or therapeutic diets
  • Excluded treatment for accident or illness
  • And more.

13. Hudson Bay Pet Insurance

Hudson is another top insurance company in Canada owned by the Petline Insurance Company.

What I like about Hudson is its competitive coverage, such as x-rays, dental care, hospitalization surgery, more. You’re sure to find what you need on Hudson Bay Pet Insurance.

Coverage

  • Accident
  • Illness
  • Alternative and behavioural therapies
  • Dental
  • Medical devices
  • Three plans to choose from

Exclusions

  • Pre-existing or foreseeable conditions
  • Cremation or burial expenses.
  • Excluded treatment for accident or illness
  • Treatment for umbilical hernias.
  • And more.

14. Toronto Humane Society Pet Health Insurance

There’s no complete mention of the best insurance companies in Canada without Toronto Humane Society Pet Health Insurance.

With 80% coverage for accident and illness expenses, this insurance company ensures you have the extensive coverage you need against emergencies.

Coverage

  • 80% for accident or illness
  • exam fees and taxes
  • one annual deductible
  • Dental coverage
  • Preventive coverage
  • And more.

Exclusions

  • Pre-existing or foreseeable conditions
  • Cremation or burial expenses.
  • Excluded treatment for accident or illness
  • Treatment for umbilical hernias
  • And more.

15. Nova Scotia SPCA Pet Health Insurance

Focus on what matters without worrying about the accident or illness of your pet with Nova Scotia SPCA Pet Health Insurance.

I included Nova Scotia SPCA on my list of the best insurance companies in Canada because of its extensive coverage and competitive offers.

Coverage

  • 80% covered for accident or illness
  • One annual deductible
  • Advertising and reward expenses
  • Boarding kennel fees
  • Cremation and burial expenses
  • Holiday cancellation

Exclusions

  • Pre-existing or foreseeable conditions
  • Cremation or burial expenses.
  • Excluded treatment for accident or illness
  • Treatment for umbilical hernias
  • And more.

16. Nationwide

The last but not the least best insurance company in Canada is Nationwide. This company offers industry-standard insurance policies for cats, dogs, birds and exotic pets.

If you’re a Nationwide member, you can receive a 5% discount on your pet insurance plan.

Coverage

  • Injuries
  • Illnesses
  • Examinations
  • Congenital conditions
  • Hereditary
  • Treatment
  • Diagnostic testing
  • Hospitalization
  • Medications

Exclusions

  • Pre-existing conditions
  • Grooming
  • Expenses not directly related to veterinary services
  • Wellness, routine and preventive care
  • And more.

How I Reviewed the Best Pet Insurance Companies in Canada?

The following are the factors I considered when reviewing the above best pet insurance companies in Canada:

  • Coverage: Most of the above pet insurance companies cover up to 80% of bills. This is extensive coverage that guarantees your peace of mind.
  • Exclusions: Most of the above pet insurance companies have exclusions common to most pet insurance companies in Canada. This means you can’t make a wrong choice with any of them.
  • Reputation: The above best pet insurance companies in Canada have built a good reputation for years which is evident from the volume of their trusted members.
  • Easy Access: Compared to other pet insurance companies in Canada, the above pet insurance companies have a shorter waiting period and faster reimbursement.

Top Canadian Pet Insurance Companies to Choose?

From the above discussion of Canada’s best pet insurance companies, it may be challenging to choose one. No doubt!

While most of the best pet insurance companies share common features, you can’t select all of them but one.

This is why it’s important to narrow your selection to the best pet insurance Canada that meets your needs and budget.

As you can see from above, each pet insurance company has different coverage and exclusions. This also implies a difference in fees structure.

Even though you can’t make a wrong choice with any of the above pet insurance companies, it’s important to narrow your selection to your specifications.

However, are my best pet insurance companies in Canada based on the above review:

CompanyBest For
PetplanBest Overall Pet Insurance in Canada
TrupanionUnlimited Payouts
Pet Plus UsComplete Coverage

How Do I Buy a Pet Insurance in Canada?

After selecting the best pet insurance Canada that suits your needs, you can log in to their website and request a quote.

However, you can also talk to the pet insurance company on the phone for clarification before enrolling.

To get a customized quote, you must provide details about yourself, your pet. As a result, you need to provide accurate information to get an accurate quote.

If you’re okay with the quote, you can go ahead to buy your pet insurance.

Verdict on the Best Pet Insurance Canada

Now you know the best pet insurance in Canada and how to choose the one that suits your needs and budget. What next? Make a final buying decision.

However, you should not rush into buying pet insurance without knowing the insurance’s coverage, benefit limit, deductibles, and reimbursement models.

Even the best pet insurance Canada could disappoint you if you didn’t consider its coverage, benefit limit, deductibles and reimbursement models before buying.

But to make a cost-effective decision, I suggest you build an emergency fund or open a TFSA, or high-interest savings account for your pet’s healthcare. The reason being that monthly premium can add up in the run as your pet gets older.

Although some pet insurance companies don’t increase monthly premiums due to ageing, you can still save more by having an emergency fund TFSA or a high-interest savings account.

Nevertheless, the importance of pet insurance can’t be overemphasized, but you need to know when to buy it.

FAQs on Pet Insurance Canada

Does Pet Insurance Cover Regular Vet Visits?

It depends on the pet insurance coverage. A pet insurance policy with wellness coverage often covers regular vet visits such as preventive care and exams.

It’s important to note that not all pet insurance companies offer wellness plans. So if you’re looking for regular veterinary visits, look for pet insurance that has wellness coverage.

Do Pet Insurance Premiums Increase with Age?

It depends on the pet insurance companies. Most companies increase the monthly premium as pets get older. 

However, some companies, like Trupanion, don’t increase prices due to pet ageing.

What Happens if I Cancel Pet Insurance?

Most pet insurance companies require you to call them before cancelling your policy. However, if you cancel your pet policy before it’s due for renewal, you may be required to keep paying a monthly premium till the renewal period.

What is the Best Pet Insurance in BC?

The best insurance in BC includes Petplan, PetSecure, Pet Plus Us and Trupanion. These pet insurance companies are also available in all Canadian provinces and territories.

How Much Is Pet Insurance Ontario?

It depends on your pet insurance policy. The average monthly premium of pet insurance in Ontario is $29 for cats and $39 for dogs. This is cost-effective considering the high cost of vet bills.

However, you can save more by building an emergency fund or opening a TFSA or high-interest savings account. This is because a monthly premium can add up over time and ruin your financial security.

If you have more questions on the best pet insurance Canada, kindly drop them in the comment section.

What is the Average Cost of Pet Insurance Per Month?

The average monthly cost of pet insurance in Canada is $39-$84 for dogs and $27-$50 for cats.

How Much is Pet Insurance In Canada?

The cost of pet insurance in Canada varies by provider, type and age of pet age, and coverage.

However, the average monthly cost of pet insurance in Canada is $39-$84 for dogs and $27-$50 for cats.

Does Pet Health Insurance Cover Vaccinations?

It depends on the insurance company. Some insurance companies cover vaccinations while others don’t.

Is it Mandatory to Have Pet Insurance?

It’s not mandatory to have pet insurance. But when you add the high cost of veterinary visits and other related expenses, pet insurance is necessary. 

Does Pet Insurance Cover General Vet Visits?

Yes, some pet insurance plans cover general vet visits. You should confirm from your insurance company whether this covers you. 

Can You Use Pet Insurance the Same Day?

You can’t use pet insurance the day you buy it until your waiting period elapses. That said, different pet insurance companies have different waiting periods. 

Who Has the Cheapest Pet Insurance?

Petplan, PetSecure, Pet Plus Us, and Trupanion offer one of the cheapest pet insurance plans out there.   

What Age Can You Start Pet Insurance?

You can start pet insurance once your pet is more than 8 weeks old.   

Does Pet Insurance Cost Increase With Age?

It depends on the insurance company. Some pet insurance companies increase your premium as your pet gets older.

Are Small Dogs Cheaper to Insure?

Yes, small dogs are cheaper to insure than larger dogs because they pose less risk to the insurance company.

Should I Insure My Elderly Dog?

Yes. Age doesn’t matter, but it will cost you a higher premium to insure an elderly dog. 

Notwithstanding, insuring your dog is the ultimate sign that you really care for it.

Can I Get Insurance for My Senior Dog?

Yes, you can get insurance for your senior dog. However, the older your dog, the higher your monthly premium.  

Does Pet Insurance Cover Flea and Tick Treatment?

Most pet insurance doest cover flea and tick treatment. Check with your insurance provider to confirm your coverage.

Does Pet Insurance Increase Every Year?

While different insurance companies have different coverage, your premiums are likely to increase annually as your pet gets older.

Which Breed of Dog is the Cheapest to Insure?

Some of the cheapest dog breeds include Beagle, Cocker Spaniel, Cockapoo, Labradoodle and Patterdale Terrier.

Does Your Pet Insurance Go Up if You Make a Claim?

It depends on the insurance company. In most cases, your monthly premium will not increase after a claim.

Can I Take Out Pet Insurance After a Diagnosis?

Yes, as far as your insurance plan covers diagnosis. 

How Long Does it Take for Pet Insurance to Payout?

It depends on the insurance company. However, the average time it takes to receive a pet insurance payout after making a claim is 5 to 9 days. 

How Much Does a Vet Visit Typically Cost?

On average, a vet visit cost between $50 to $250 for a routine check and below $500 for general veterinary care. 

Does Pet Insurance Pay Straight Away?

No, you have to wait until your waiting period elapses before submitting a claim. It usually takes 5 to 9 days to get reimbursed after submitting a claim.

Can I Get Pet Insurance if My Dog is Already Sick?

Yes, but most insurance companies don’t cover pre-existing conditions. This means you may not get coverage for the current illness of your dog. 

What Happens if You Can’t Pay a Vet Bill?

If you have an outstanding vet bill, your vet will likely report you to a collection agency. Consequently, your credit score will be affected negatively. 

Do You Have to Pay a Vet Bill Upfront?

It depends on your vet. Some accept installment payments while others don’t. Talk to your vet to know the payment options available. 

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