Best Pet Insurance In Canada For July 2024

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Rating
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Rating
4.9
Features
Deductible
$300, $500 or $700 age-based annual deductible
Coverage
90% reimbursement for accidents and illnesses
Payout limit
Three options: $5,000, $10,000, $15,000
Age Limits
Pets must be at least 6 weeks
What's included
Fetch does not serve Quebec users
  • Injuries, illnesses, dental illnesses
  • Veterinary fees
  • Surgeries and emergency care
  • Cancer treatment
  • Advertising/rewards for lost or stolen pets
With our sponsored partner Fetch
Our detailed review

Fetch Pet Insurance is a pet insurance company that provides comprehensive coverage for dogs and cats in Canada and the U.S. Fetch Pet Insurance covers injuries, illnesses, emergency care, prescription medications, dental care, breed-specific issues and more. It pays back up to 90% of unexpected vet bills and allows customers to use any veterinarian they want. Fetch Pet Insurance also offers a patent-pending technology called Fetch Forward that gives customers tailored insights and recommendations for their pets’ future health based on data from 15 years of clinical health findings. Fetch has a fast and easy claim process that can be done online or through the app, and customers can get paid back in as little as two days via direct deposit.

Read our detailed review
  • Comprehensive coverage for a wide range of conditions and treatments
  • Flexible pricing options based on deductible, annual coverage amount, and reimbursement rate
  • Wellness plan available
  • Fast and easy claim process and payment
  • Does not cover pre-existing conditions
  • No multi-pet discount
  • Only available in Canada and the U.S.
Rating
4.7
Features
Deductible
$100 - $700 age-based annual deductible
Coverage
Reimbursement level of 70%, 80%, or 90%
Payout limit
Annual limit of $15,000
Age Limits
Pet must be at least 7 weeks old to enroll
What's included
  • Accidents and illnesses
  • Exam fees and taxes
  • Hereditary conditions
  • Multi-pet discount
In agency
Our detailed review

Pets Plus Us is a pet insurance company that provides coverage for dogs and cats in Canada. It was designed by veterinarians and pet owners. Pets Plus Us offers two main plans: Accident & Illness and Accident. The Accident & Illness plan covers up to 90% of eligible veterinary treatment costs due to accidents or illnesses up to an annual policy limit of $7,500 or $15,000. The Accident plan covers 80% of eligible veterinary treatment costs due to accidents only up to an annual policy limit of $5,000. Plans cover taxes, exam fees, prescription medications, hereditary and congenital conditions, dental injuries, alternative therapies, and more. They also have a choice of three annual deductibles for the Accident & Illness plan. There is a multi-pet discount, and there is no upper age limit to enroll a pet.
However, Pets Plus Us also has some drawbacks. It does not cover pre-existing conditions or wellness or preventive care unless a Flex Care plan is added. It has no live chat support.

Read our detailed review
  • Coverage for a wide range of conditions and treatments
  • Choice of three annual policy limits and deductibles
  • Designed by veterinarians and pet owners
  • Includes Blue Ribbon Benefits such as 24/7 PetHelpFone and Pet Poison Helpline
  • Does not cover pre-existing conditions
  • Does not cover wellness or preventive care, unless Flex Care is added
Rating
4.7
Features
Deductible
$100 - $300 age-based annual deductible
Coverage
70% to 90% (age-based)
Payout limit
Unlimited
Age Limits
No mention of a specific age
What's included
  • No per-incident or lifetime caps
  • Short waiting periods for faster coverage activation
  • Optional wellness coverage available for routine care
  • Low $100 deductible for affordable out-of-pocket costs
  • Multi-pet discounts available
In agency
Our detailed review

Spot Pet Insurance Spot Pet Insurance offers both accident-only and comprehensive accident and illness plans with flexible annual limits ranging from $5,000 to unlimited. Reimbursement options vary between 70% and 90%, and deductibles range from $100 to $300, increasing with the pet's age. Coverage includes alternative therapies, behavioral issues, and the option to add wellness coverage. The plans come with competitive premiums and offer multi-pet discounts of 5% for two pets and 10% for three or more pets. However, Spot does not cover dental illnesses and has age-based deductibles and reimbursements. Spot is best for pet owners who want flexible coverage options and the ability to add wellness care.

  • Flexible annual limits and deductibles
  • No lifetime caps
  • Shorter waiting periods than most other providers
  • Includes alternative therapies and behavioral coverage
  • Optional wellness coverage
  • Competitive premiums and multi-pet discounts (5% to 10%)
  • Excellent Trust Pilot rating of 4.7
  • Offers accident-only plan
  • No dental illness coverage
  • Age-based deductibles and reimbursements
  • No 24/7 pet health hotline
  • Limited availability in some regions
trupanion-logo
Trupanion
Rating
4.7
Features
Deductible
$0 to $1,000 age-based annual deductible
Coverage
90% reimbursement for accidents and illnesses
Payout limit
None
Age Limits
Can insure eligible pets from birth, but age limit
What's included
  • Care and intervention
  • Diseases and accidents
  • Advertising/reward for a lost or stolen pet
  • Direct payment by veterinarians at participating veterinary hospitals
In agency
Our detailed review

Trupanion is a pet insurance company offering comprehensive coverage for dogs and cats. They provide a unique 'Lifetime' policy that covers chronic and hereditary conditions for the entire lifespan of your pet. Trupanion's coverage includes diagnostics, surgeries, medications, and hospital stays. They have a straightforward claims process and no payout limits. However, Trupanion does not cover pre-existing conditions, and their premiums can be relatively high compared to other providers. While their Lifetime policy is a great benefit, it may not be necessary for all pets.
Overall, Trupanion offers extensive coverage and a simple claims process, but it may not be the most cost-effective option for every pet owner.

Read our detailed review
  • Lifetime coverage for chronic and hereditary conditions.
  • Extensive coverage for veterinary services.
  • Simple and streamlined claims process.
  • No payout limits, ensuring comprehensive coverage.
  • Does not cover pre-existing conditions.
  • Relatively high premiums compared to other providers.
  • Lifetime policy may not be necessary for all pets.
  • Limited coverage options compared to some competitors.
PHI-logo
PHI Direct
Rating
4.5
Features
Deductible
As low as $200 annually
Coverage
80% reimbursement for accidents and illnesses
Payout limit
Up to $10,000 in coverage annually
Age Limits
No mention of a specific age
What's included
  • Illness and accidents
  • Dental care included
  • Behavioural therapy
  • Exams fees
In agency
Our detailed review

PHI Direct is a pet insurance company that provides affordable coverage for dogs and cats in Canada. It partners with Humane Canada, the national voice for animal welfare, and supports no-kill shelters. PHI Direct covers 80% of eligible veterinary treatment costs due to new accidents or illnesses up to an annual policy limit of $5,000 or $10,000. It covers taxes, exam fees, prescription medications, breed-specific conditions, alternative therapies, dental tooth fracture, parasites and more. It has a low deductible of $200 and a multi-pet discount of 5%. PHI Direct also offers 24/7 access to Telehealth phone care, where veterinary nurses can provide pet health advice and guidance.
However, PHI Direct also has some drawbacks. It does not cover pre-existing conditions, wellness or preventive care. It also does not cover any condition experienced in one policy year in future policy years, including any associated or bilateral conditions. This means that some chronic or recurring conditions may not be covered after the first year.

Read our detailed review
  • Affordable coverage for a wide range of conditions and treatments
  • Low deductible and multi-pet discount
  • 24/7 access to Telehealth phone care
  • Partners with Humane Canada and supports no-kill shelters
  • Does not cover pre-existing conditions
  • Does not cover wellness or preventive care
  • Does not cover any condition experienced in one policy year in future policy years
  • Only available in Canada
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how does pet insurance work

Pets are cherished members of our families, and just like humans, they can experience health issues and accidents that require specialized veterinary care. Without pet insurance, the cost of these visits can be significant and often catches pet owners off guard.

In fact, according to a study conducted by HelloSafe, the average cost of owning a dog in Canada has risen 23.3% in three years, from $2,450 in 2021 to $3,020 in 2024.

HelloSafe has evaluated 11 Canadian pet insurance companies, detailing their coverage options, pros, cons, and more to assist you in finding the best pet insurance in Canada.

You can also use our free tool to compare pet insurance quotes online in just a few minutes.

Fetch Pet Insurance: Best for Comprehensive Coverage

Fetch Pet Insurance offers a single, comprehensive plan that covers accidents and illnesses with annual coverage limits of $5,000, $10,000, or $15,000. Reimbursement options are 70%, 80%, and 90%, and deductibles vary from $300, $500 or $700*, adjusted based on the pet's age (age-based deductible).

Fetch Pet Insurance includes extensive coverage for a wide array of medical needs, including prescription medications, emergency visits, surgeries, and breed-specific issues like hip dysplasia. Fetch also provides unique benefits such as coverage for every tooth and treatment for behavioral issues. The optional Fetch Wellness add-on further enhances coverage, including annual exams, vaccinations, and dental cleanings.

Fetch stands out due to its extensive dental coverage and the inclusion of sick-visit exam fees, which many competitors do not cover. A unique Healthy Pet Credit can reduce premiums by up to 30% for pets with no claims over two years. Compared to other companies like Trupanion, Fetch's maximum annual limit of $15,000 may seem limited, but it provides a balanced option between cost and coverage. With an "Excellent" Trustpilot rating of 4.3, Fetch is highly regarded by users.

Pros

  • Complete sick visits are covered
  • Exam fees are included, which saves you around $50-$250 per sick visit.
  • Comprehensive dental and behavioural treatments (often excluded by other insurers)
  • Healthy Pet Credit reduces premiums over time by up to 30% for pets with no claims over two years.
  • Rated 4.3 (Excellent) on Trustpilot, indicating high customer satisfaction.
  • Extensive Dental Coverage for every tooth and related issue, unlike many competitors.
  • Breed-specific issues covered

Cons

  • No Multi-Pet Discount
  • Annual limit is capped at $15,000.
  • No Coverage for Pre-Existing Conditions
  • Not available in New Brunswick and Quebec

Read our full Fetch Pet Insurance Review

If you want to explore if Fetch Pet Insurance is the right choice for you, you can get a free personalized quote right here. Fill up the short form below and get instant quotes.

Pets Plus Us: Best for Extensive Benefits

Pets Plus Us offers two comprehensive plans: Accident & Illness and Accident Only. The Accident & Illness plan provides coverage options of $7,500 or $15,000, while the Accident Only plan offers a coverage limit of $5,000. Pets Plus Us is among the few providers that provide an accident-only plan.

For the Accident & Illness plan, you can choose reimbursement rates of 70%, 80%, or 90% of the veterinary bill, including taxes. The Accident Only plan has a reimbursement rate set at 80%. Deductibles range from $100 to $700 and are age-based, adjusting as your pet grows older. The 4Life Guarantee ensures that your pet’s benefits are renewed continuously throughout their lifetime. Pets Plus Us covers all breeds and breed-associated health conditions, except pre-existing conditions.

Additional benefits include $1,000 per incident for boarding fees, holiday trip cancellations, and lost pet advertising. The plan also includes Blue Ribbon Benefits, such as 24/7 access to PetHelpFone, a Compassionate Care Line, and a Pet Poison Helpline.

Pets Plus Us offers extensive additional services and a multi-pet discount, making it attractive for households with multiple pets. The coverage for hereditary and congenital conditions and a shorter waiting period for accidents and illnesses sets it apart from many competitors.

Pros

  • Unique benefits like 24/7 PetHelpFone and a Compassionate Care Line.
  • Up to 15% discount for insuring multiple pets.
  • Short Waiting Periods compared to many competitors.
  • Coverage for breed-specific hereditary conditions.
  • Coverage for boarding fees and trip cancellations due to pet emergencies.
  • Accident-Only Plan option
  • Costco members earn between 10% and 15% off.

Cons

  • Does Not Cover Pre-Existing Conditions
  • Age-based deductibles increase as pets age, which can raise costs over time.
  • No unlimited coverage option.
  • Does not cover wellness or preventive care, unless Flex Care is added.

Trupanion Pet Insurance: Best for Unlimited Coverage

Trupanion offers a single, straightforward plan with unlimited annual coverage and a 90% reimbursement rate. Deductibles range from $0 to $1,000 and are per medical condition for the pet's lifetime, which can significantly lower out-of-pocket costs. Coverage includes new and unexpected injuries and illnesses, hereditary and congenital conditions, and advanced treatments like surgeries and hospital stays.

Trupanion's Vet Direct Pay system, which allows for direct payment to veterinarians, sets it apart from competitors like PHI Direct and Sonnet. However, it does not cover wellness care, exam fees, or preventive care. With a "Great" Trustpilot rating of 4.1, it is well-regarded for its comprehensive coverage and ease of use.

Pros

  • Unlimited Coverage as there are no annual or lifetime limits on coverage.
  • 90% reimbursement rates
  • Direct Vet Payments
  • Customizable Deductibles: from $0 to $1,000 per condition.
  • High Trustpilot Rating of 4.1, indicating positive customer experiences.
  • Coverage for Advanced Treatments including surgeries, hospital stays, and hereditary conditions.
  • 24/7 Support offering round-the-clock customer care.
  • Advanced Dentistry

Cons

  • Routine care and wellness treatments are not included.
  • Exam fees are not covered under the policy.
  • More expensive than some competitors, like PHI Direct.

Read our full Trupanion Pet Insurance Review

PHI Direct: Best for Budget-Friendly Coverage

PHI Direct provides a simple plan with annual coverage options of $5,000 or $10,000, an 80% reimbursement rate, and a low deductible of $200. This plan covers a range of treatments, including accidents, illnesses, and emergency care, making it a cost-effective choice for pet owners. It also includes coverage for behavioural therapy, dental fractures, and diagnostics.

PHI Direct is notable for its affordability, with lower premiums than many competitors. According to the 2021 North American Pet Health Insurance Association (NAPHIA) Industry Data Report, PHI Direct's average premiums are approximately 45.8% less for dogs and 37.7% less for cats compared to other insurers. However, it does not cover wellness care or pre-existing conditions, and it is not available in Quebec.

Pros

  • Premiums are significantly lower than other insurers, making it a budget-friendly option.
  • Low Deductible: $200 deductible is lower than many competitors.
  • Multi-Pet Discount
  • Coverage includes a wide range of treatments and emergency care.
  • Covers treatments for behavioural issues.

Cons

  • Does Not Cover Pre-Existing Conditions
  • Maximum coverage is $10,000 per year.
  • Not Available in Quebec

Read our full PHI Direct Pet Insurance Review

Furkin Pet Insurance: Best for High Annual Coverage

Furkin offers a straightforward plan with an impressive $20,000 annual coverage limit and an 80% reimbursement rate. Deductibles are $100, $300, $750, adjusted based on the pet's age. Coverage includes a wide range of treatments, from acupuncture to prescription medications and diagnostics. The plan also covers pet travel in the U.S. and Canada, making it ideal for frequent travellers.

Furkin stands out for its high coverage limit and extensive treatment options. However, it does not cover pre-existing conditions or pets older than 14 years at enrollment. It also lacks wellness and routine care coverage. The Trustpilot rating is 3.2, reflecting mixed customer satisfaction.

Pros

  • High Annual Coverage Limit of up to $20,000, higher than many competitors.
  • Includes a wide range of medical and alternative treatments.
  • Multi-Pet Discount
  • Flexible Deductible Options
  • Covers accidents and illnesses while travelling in the U.S. and Canada.
  • 24/7 Telehealth Hotline

Cons

  • Does Not Cover Pre-Existing Conditions
  • No Wellness or Preventive Care Coverage
  • Trustpilot Rating of 3.2 indicates mixed customer satisfaction.

Read our full Furkin Pet Insurance Review

OVMA Pet Health Insurance: Best for Local Expertise

OVMA Pet Health Insurance offers three plans: Comprehensive ($2,500), Extended ($5,000), and Unlimited+. The Unlimited+ plan provides unlimited annual coverage with an 80% reimbursement rate and deductibles ranging from $100 to $400. Coverage includes hospitalization, surgery, diagnostics, and alternative therapies. The plan also covers dental illness, boarding fees, and holiday cancellations.

Designed by the Ontario Veterinary Medical Association, OVMA offers extensive benefits, including dental illness coverage and no waiting period for preventive care on the Unlimited+ plan. It also provides multi-pet and loyalty discounts. Compared to companies like Sonnet and Petsecure, OVMA's Unlimited+ plan offers more extensive coverage with fewer waiting periods.

Pros

  • Comprehensive Benefits; including dental illness and alternative therapies.
  • Unlimited Coverage Option available with fewer waiting periods.
  • Multi-Pet and Loyalty Discounts.
  • No Waiting Period for Preventive Care on the Unlimited+ plan.
  • Pet Ownership Assistance
  • Coverage for vet exams

Cons

  • Six-Month Waiting Period for Dental Coverage
  • Higher Premiums
  • Age-Based Deductible

Read our full OVMA Pet Health Insurance Review

Spot Pet Insurance: Best for Customizable Options

Spot Pet Insurance offers both Accident & Illness and Accident Only plans with annual coverage limits of $5,000, $10,000, or unlimited. Reimbursement rates range from 70% to 90%, and deductibles from $100 to $300, are adjusted based on the pet's age. The Accident & Illness plan covers vet exam fees, surgeries, diagnostics, and alternative therapies. Spot also offers two wellness plans that can be added to any plan, covering routine and preventive care.

Spot's flexibility in plan options and coverage makes it ideal for pet owners looking for customizable insurance. The inclusion of wellness plans and a high Trustpilot rating of Excellent: 4.7 highlight its appeal. Compared to other insurers, Spot has shorter waiting periods for coverage activation, making it a more favourable option.

Pros

  • Customizable Plans to suit different needs.
  • Wellness Plan Options: Includes routine and preventive care.
  • No Per-Incident or Lifetime Caps: Unlimited annual limit option available.
  • High Trustpilot Rating of 4.7, indicating high customer satisfaction.
  • Shorter Waiting Periods; faster coverage activation compared to other insurers.
  • Multi-Pet Discount

Cons

  • No Coverage for Dental Illnesses
  • Age-Based Deductibles
  • Not Available in Quebec

Sonnet Pet Insurance: Best for Simple Plan Structure

Sonnet Pet Insurance offers a straightforward plan with a maximum annual coverage of $5,000, including $2,500 per accident and $2,500 per condition. The plan has an 80% reimbursement rate and deductibles of $100 or $300, adjusted based on the pet's age. Coverage includes exam fees, surgeries, diagnostics, dental work, alternative and behavioral therapies, and travel coverage.

Sonnet is notable for its simplicity and affordability, making it a good option for pet owners seeking straightforward coverage. However, it lacks wellness coverage and has a six-month waiting period for certain conditions. Compared to more comprehensive plans like those from OVMA or Fetch, Sonnet provides a more budget-friendly but less extensive option. The Trustpilot rating is an "Excellent" 4.3 indicating a positive customer experience.

Pros

  • Simple and Straightforward Plan; Easy to understand and manage.
  • Affordable Premiums
  • Dental Illness Coverage
  • High Trustpilot Rating of 4.3, reflecting positive customer experiences.
  • Pet Ownership Coverage; includes boarding fees and trip cancellation.
  • Offers $100 or $300 deductible options.

Cons

  • Maximum Coverage of $5,000
  • No routine care coverage.
  • Six-Month Waiting Period for Certain Conditions; Longer waiting period for dental and specific conditions.
  • Age-based deductible

Desjardins Pet Insurance: Best for Flexible Coverage

Desjardins Pet Insurance offers three plans: Bronze Paw, Silver Paw, and Gold Paw, with coverage limits ranging from $4,000 to unlimited. The reimbursement rate is 80%, and an annual deductible of $100 is adjusted based on the pet's age. Coverage includes exam fees, surgeries, diagnostics, dental care, alternative and behavioural therapies, and preventive care in the Gold Paw plan.

Desjardins stands out for its flexible coverage options and comprehensive benefits, particularly in the Gold Paw plan. The multi-pet discount is another attractive feature. Compared to insurers like Petsecure, Desjardins offers more flexibility in plan options and includes preventive care in its top-tier plan.

Pros

  • Flexible Coverage Options; Three plan levels to suit different needs.
  • Comprehensive Benefits; including dental care and preventive treatments in the Gold Paw plan.
  • Multi-Pet Discount up to 15% off for multiple pets.
  • Covers alternative and behavioural therapies in the Gold Paw plan.
  • Insure a pet at any age

Cons

  • Age-Based Deductibles
  • No 24/7 Pet Health Hotline
  • Preventive care coverage only in the Gold Paw plan
  • No customization options for reimbursement
  • Cannot choose deductible

Read our full Desjardins Pet Insurance Review

Peppermint Pet Insurance: Best for Budget-Friendly Basic Coverage

Peppermint Pet Insurance offers four plans: Lite ($1,500 per accident (Accident-Only Plan)), Base ($3,000), Plus ($5,000), and Prime ($10,000). The reimbursement rate is 80%, and the deductible is $100, adjusted based on the pet's age. Coverage includes exam fees, surgeries, diagnostics, medications, and alternative therapies.

Peppermint's plans are budget-friendly and provide essential coverage options, making it ideal for pet owners seeking basic and affordable insurance. Compared to comprehensive plans like those from Fetch or Pets Plus Us, Peppermint provides a more affordable option with essential coverage. It is also one of the few pet insurance companies to offer an Accident-Only plan option. However, it does not offer unlimited coverage or vet-direct payment options.

Pros

  • Budget-Friendly Premiums: Lower costs compared to more comprehensive plans.
  • Includes Alternative Therapies: Coverage for treatments like acupuncture and chiropractic care.
  • Low Deductible: $100.
  • Pet Ownership Assistance: Includes boarding fees and trip cancellation.
  • Offers Accident-Only Plan with $100 per incident deductible.

Cons

  • No Unlimited Coverage Option; maximum coverage is $10,000.
  • No Vet-Direct Payment
  • No Dental Illness Coverage

Petsecure Pet Insurance: Best for Comprehensive Dental Coverage

Petsecure offers four plans: Secure 1 ($2,000), Secure 2 ($5,000), Secure 3 ($10,000), and Secure 4 (Unlimited). The reimbursement rate is 80%, and deductibles range from $100 to $400, adjusted based on the pet's age. Coverage includes vet bills, alternative treatments, dental care, accidents and illnesses, medications, and behavioural therapy. Secure 4 includes wellness coverage as well making it the most comprehensive of the plans.

Petsecure is notable for its comprehensive dental coverage and flexibility in plan options, making it a strong choice for pet owners needing extensive dental and routine care. However, it has a six-month waiting period for certain conditions and higher premiums. Compared to insurers pet insurance companies like OVMA, Petsecure offers more comprehensive dental and wellness coverage but at a higher cost. The Trustpilot rating is 2.0, reflecting mixed customer experiences.

Pros

  • Comprehensive Dental Coverage: Includes annual cleanings and treatments for dental issues.
  • Flexible Plan Options: Four different plans to suit various needs.
  • Wellness Coverage: Available in the unlimited plan, covering routine care.
  • Multi-Pet Discount: Offers up to 15% off for multiple pets.
  • Extensive Coverage: Covers a wide range of treatments and emergencies.
  • Behavioural Therapy Coverage

Cons

  • Six-Month Waiting Period for Certain Conditions: Longer waiting periods for dental and specific conditions.
  • Higher Premiums; more expensive than some competitors.
  • Low Trustpilot Rating of 2.0, indicating mixed to lower customer satisfaction.

Read our full Petsecure Pet Insurance Review

Best Pet Insurance Companies: Summary

Pet Insurance CompanyAnnual Coverage OptionsReimbursement ChoicesDeductible Options
Fetch Pet Insurance
$5,000, $10,000, $15,00070%, 80%, 90%$300, $500 or $700*
Pets Plus Us
$5,000 (Accident only), $7,500, $15,00070%, 80%, 90%$100-$700*
Trupanion
Unlimited90%$0 to $1,000
PHI Direct
$5,000, $10,00080%$200
Furkin
$20,00080%$100, $300, $750*
OVMA Pet Health Insurance
Unlimited, $5,000, $2,50080%$100-$400*
Spot Pet Insurance
$5,000, $10,000, Unlimited70%-90%**$100-$300*
Sonnet
$5,00080%$100, $300*
Desjardins Pet Insurance
$4,000, $8,000, Unlimited80%$100*
Peppermint Pet Insurance
$1,500, $3,000, $5,000, $10,00080%$100*
Petsecure
$2,000, $5,000, $10,000, Unlimited80%$100-$400*
Comparison of Best Pet Insurance Companies in Canada
  • *Deductible is age-based.
    • Reimbursement is age-based

What is pet insurance?

Just like we have health insurance for ourselves, pet insurance provides coverage for your pet's medical needs. According to the Ontario Veterinary Medical Association, about half of all pets will face some sort of illness or accident throughout their life, and the resulting treatments can come with hefty price tags. This is where pet insurance steps in to help ease the financial burden of pet ownership and provide you with peace of mind.

When it comes to pet insurance plans, there are generally two main types to choose from accident-only or accident and illness coverage.

Accident-only pet insurance provides comprehensive coverage for injury-related vet visits, ensuring your pet receives the necessary care in times of sudden trauma or physical injury. Whether it's a broken bone, foreign body ingestion, poisoning, torn ligaments, or any other related emergency, these plans have you covered.

Accident and illness pet insurance goes beyond covering accidents alone; it also protects a range of health conditions that may affect your pet. From common ailments like allergies, arthritis, and ear infections to more serious concerns such as cancer and urinary tract infections, these policies have you covered.

It's important to note that these conditions must generally not have been pre-existing before enrollment and waiting periods.

By signing up for accident and illness coverage when your dog is young, you can minimize pre-existing condition exemptions. It's worth mentioning that neither accident-only nor accident and illness policies cover wellness-related items such as vaccines, preventive medications, or spay/neuter procedures.

What does pet insurance cover?

Pet insurance in Canada will cover your pet for costs associated with medical bills stemming from various pet-related expenses. Some plans also offer wellness packages that include preventative care such as checkups, vaccinations, and parasite prevention, but this is far from the norm. For the most part, the vast majority of pet insurance plans will follow the rules outlined below:

Covered by Pet Insurance CanadaNot Covered by Pet Insurance Canada
Accidents
Diagnostic tests
Emergency Care
Hospitalisation
Prescriptions
Sudden illness
Surgery
Routine vaccinations
Neutering
Cosmetic or elective procedures
Routine and preventative care
Prescription food
Grooming, nail trims, or bathing
Expenses related to pregnancy or whelping
Pet Insurance Canada Coverage

Does pet insurance cover dental?

When it comes to coverage for dental care, it's important to note that it's more commonly offered on higher-tier premium plans. For instance, Trupanion pet insurance offers an optional add-on that reimburses up to 90% of dental expenses for animals.

However, it's crucial to understand that not all pet insurance plans will cover routine dental treatments like exams or cleanings. Typically, dental coverage is limited to treatment directly associated with a covered injury or accident. Some insurance providers may offer additional coverage for preventive dental care through a wellness benefit add-on.

It's essential to carefully review the terms and conditions of different plans to determine the extent of dental coverage they offer. By doing so, you can ensure that your furry friend's dental health needs are adequately addressed and that you're making an informed decision to protect their well-being.

How much does pet insurance cost in Canada?

On average, the monthly premiums for pet insurance in Canada are around $24 for cats and $40 for dogs, based on sample premiums obtained from insurers across provinces like Ontario, Alberta, and Quebec.

how much is pet insurance
Pet Insurance Canada Cost

How is the cost of pet insurance calculated?

There are a few critical factors that can influence the cost of your pet insurance:

  1. Pet's breed: Certain pets are more susceptible to specific conditions. Great Danes are prone to hip dysplasia, which may result in higher insurance costs. In general, larger dogs generally have higher insurance premiums.
  2. Pet's age: As pets age, their likelihood of experiencing accidents and illnesses increases. Gotta love getting old, right? Consequently, insuring older pets tends to be more expensive. Some insurance providers also implement an age-based deductible, raising the deductible amount to offset the higher healthcare costs associated with senior pets.
  3. Pet's gender: Female pets may be considered lower risk, potentially leading to lower insurance premiums.
  4. Location: Veterinary costs can vary depending on your geographical location. Factors such as improved access to advanced treatment options and higher labour costs can contribute to increased coverage expenses in certain areas. Pet insurance costs in Ontario are typically higher than in other provinces.

While it may initially appear as an additional expense, pet insurance is quite affordable when compared to the potential costs of unexpected vet bills. Routine annual wellness checks and vaccinations typically range from $50 to $200 per year.

Emergency visits for unforeseen illnesses or injuries can quickly add up in expenses. In Canada, pet-related expenditures amount to approximately $6.6 billion annually, as reported by Square One. Surprisingly, less than 5% of Canadians have pet insurance coverage for their pets.

Many pet owners only realize the value of pet insurance when faced with a medical emergency for their pet, and unfortunately, without insurance, these expenses can be financially burdensome.

For instance, PetSecure, the largest pet insurance company in Canada, offers medium-level pet insurance policies at an annual cost of around $520.

How much is pet insurance for dogs?

Like most insurances, the cost of dog insurance in Canada varies depending on the policy. The price depends on what is covered, your reimbursement rate, the deductible, and the annual payout limit. The age and breed of your dog will also affect the cost of health insurance for your dog.

Below, you can see how much dog insurance costs for Canada’s most common breed using Fetch pet insurance as an example. These are pet insurance Ontario figures.

AgeMax annual payoutMax annual deductibleReimbursement rateMonthly premium
<11 months
$5,000$70070%$50.73
<11 months
$15,000$30090%$112.85
5 years
$5,000$70070%$80.17
5 years
$15,000$30090%$182.75
Dog insurance cost from Fetch Pet Insurance Canada

How much is pet insurance for a cat?

The cost of cat insurance in Canada also varies on your cat (is it old or a kitten, healthy or sick), on what is covered, on your reimbursement rate, on the deductible, and on the annual payout limit.

Below, you can see how much cat insurance costs for Canada’s most common breed using Fetch pet insurance as an example. These are pet insurance Ontario figures.

AgeMax annual payoutMax annual deductibleReimbursementMonthly premium
<11 months
$5,000$40070%$23.78
<11 months
$15,000$25090%$50.90
5 years
$5,000$40070%$31.85
5 years
$15,000$25090%$70.95
Cat insurance cost in Canada

How does pet insurance work in Canada?

Understanding how pet insurance works is essential to make informed decisions about your pet's healthcare. Let's break it down in a simple way. When you have pet insurance, the process generally involves reimbursement. Here's a typical scenario:

  1. You visit a licensed veterinarian of your choice for your pet's medical needs, such as treating an ear infection.
  2. You pay the veterinary bill upfront.
  3. Afterward, you submit a claim to your pet insurance company. This typically includes the vet's invoice and medical records.
  4. Your insurance provider reviews your claim, considering the specifics of your policy and coverage.
  5. If the medical problem is covered, the insurer will reimburse you for eligible expenses.
  6. The time it takes to receive reimbursement varies among insurance companies. It can range from the same day for simple cases to around two weeks for more complex situations.

The amount you'll be reimbursed depends on several factors: your coverage limit, reimbursement rate, and deductible. Let's illustrate this with an example:

What is the coverage limit?

Your coverage limit, or policy limit, is an important aspect of your pet insurance. It determines the maximum amount your insurance provider will reimburse you for eligible medical expenses in a year. It's essential to understand your coverage limits as they vary across different providers.

Some insurers, like Desjardins and Peppermint Pet Insurance, have per-incident and per-illness maximums within their annual cap. For instance, Desjardins' Bronze Paw plan offers $4,000 of maximum annual coverage, with $2,000 for each accident and $2,000 for each illness condition. On the other hand, Furkin pet insurance offers a combined accident and illness maximum per year.

Certain providers, including, Desjardins, OVMA, Spot, The Personal Pet Program, and Trupanion Canada, offer unlimited payout options. This means there is no upper limit on the amount you can be reimbursed each year, providing true peace of mind for unexpected expenses.

What is an annual deductible?

Deductibles in pet insurance operate similarly to those in human insurance. Insurance providers typically offer deductible options ranging from $0 to $1000 per year, allowing pet owners to choose based on their preferences and needs. A lower deductible means you'll pay less upfront, but your monthly premiums will be higher. Some providers may also increase the deductible as your pet ages.

When it comes to deductibles, you have a few choices. You can opt for no deductible, an annual deductible, or a lifetime deductible. An annual deductible means you'll need to meet the deductible multiple times throughout your pet's life, while a lifetime per-condition deductible requires payment for a chronic condition only once.

What are the terms of reimbursement?

With most pet insurance companies, you'll need to pay the veterinary bill first and then submit a claim for reimbursement. The exceptions are Trupanion pet insurance and PHI Direct pet insurance, which offer direct payment to the vet.

The reimbursement rate is the percentage that your insurer will cover, while the co-insurance represents your share of the claim. For example, with an 80% reimbursement rate, you would only be responsible for 20% of the cost. Most providers offer reimbursement rates ranging from 70% to 90%.

Keep in mind that excessive or costly claims may affect your reimbursement rate if your policy is subject to claims risk management. While your deductible is applied once per year, the reimbursement rate applies to each claim you make.

It's worth noting that some policies may include claims risk management, where the insurance company evaluates the number and cost of claims. If you submit numerous or expensive claims, your reimbursement rate may decrease, resulting in higher out-of-pocket expenses.

What is the waiting period?

A waiting period is the time between when you buy your pet insurance policy and when your coverage officially starts. During this waiting period, specific conditions or illnesses may not be covered by your insurance plan.

pet insurance waiting period

Let's break down the waiting periods into three categories:

  1. Waiting periods for accidents: The duration before your coverage begins for accidents, such as broken bones or swallowed objects. Typically, the waiting period for accidents is 48 hours. Your furry companion will be protected against unexpected mishaps shortly after you enroll.
  2. Waiting periods for illnesses: The time it takes for coverage to kick in for illnesses like cancer or urinary tract infections. Most pet insurance companies have a standard waiting period of 14 days for illnesses. It's crucial to be aware of this waiting period to ensure you can provide timely care for your pet.
  3. Waiting periods for other conditions: Certain specific conditions, such as cruciate ligament damage, intervertebral disc disease, or dental coverage, may have their waiting periods. In general, this waiting period can be as long as 180 days. However, it's worth noting that not all companies have waiting periods for these specific conditions. For instance, Pets Plus Us and Trupanion do not impose special waiting periods for cruciate ligaments or intervertebral disc disease.

What are the benefits and drawbacks of pet insurance in Canada?

ProsCons
1. Cost savings on veterinary bills
2. Comprehensive coverage options
3. Peace of mind
4. Choose your preferred veterinarian
5. Coverage for all breeds and older pets
1. Routine visits may not be covered
2. Out-of-pocket costs may still apply
3. Pre-existing conditions are typically not covered
4. Reimbursement process and upfront payments
5. Consider your needs and usage
6. Breed exclusion
Pros and Cons of Pet Insurance Canada Plans

Benefits of pet insurance

  • Cost savings on veterinary bills: By having pet insurance, you can potentially save thousands of dollars on veterinary expenses that would otherwise come out of your pocket. For instance, if your pet develops a condition like hip dysplasia, the long-term cost of medications and surgery can exceed $7,800. However, with the right policy offering coverage of $10,000, an 80% reimbursement rate, and a $100 deductible, your expenses would be significantly reduced to $1,660. This means you can focus on your pet's recovery without worrying about the financial burden.
  • Comprehensive coverage options: With more inclusive policies, such as those that cover dental care, you are more likely to prioritize your pet's regular check-ups and preventive care. Knowing that the costs will be taken care of by your insurance helps you to be proactive in maintaining your pet's well-being.
  • Peace of mind: One of the greatest pros of pet insurance is the reassurance it provides to pet parents. It grants you the confidence that, in the event of an accident or illness, you can afford the necessary treatment for your pet. This peace of mind allows you to make decisions based on what's best for your pet's health rather than being constrained by financial concerns.
  • Choose your preferred veterinarian: Pet health insurance allows you to select the veterinarian you trust and prefer to treat your beloved furry friend. This gives you peace of mind and control over your pet's healthcare decisions.
  • Coverage for all breeds and older pets: While it's recommended to get coverage early to secure lower premiums, you can still obtain coverage for your pet even years later. However, note that as pets age, the likelihood of pre-existing conditions increases, which may be excluded from coverage.

Drawbacks of pet insurance

  • Routine visits may not be covered: Many policies do not include coverage for routine checkups and vaccinations, which means you'll need to cover these expenses out-of-pocket.
  • Out-of-pocket costs may still apply: Even with a comprehensive coverage policy, it's essential to understand that not all treatments or procedures may be covered. There may be certain exclusions or limitations to the coverage provided.
  • Pre-existing conditions are typically not covered: If your pet has been diagnosed with pre-existing conditions such as allergies or cancer before obtaining insurance, any related treatment expenses may not be covered.
  • Reimbursement process and upfront payments: Some providers require you to pay the veterinarian directly and then submit a reimbursement claim. It's important to familiarize yourself with the reimbursement process and understand the turnaround times for receiving the reimbursement.
  • Consider your needs and usage: It's crucial to assess your pet's specific needs and your financial situation. Be mindful that you may end up paying for benefits that you may not fully utilize. So, it's essential to find a balance that aligns with your pet's health and your budget.
  • Breed exclusion: Breed-specific exclusions refer to limitations imposed by insurance companies on coverage for hereditary illnesses that are common in certain breeds. For instance, large dog breeds like Great Danes may be susceptible to conditions like hip dysplasia, while Dalmatians may be prone to urinary tract issues. These breed-related health concerns may not be covered by pet insurance policies with breed exclusions.

Is pet insurance worth it?

When it comes to the question of whether pet insurance is worth the cost, the consensus among most veterinarians is a resounding "yes." Why? Because pet insurance provides peace of mind and removes the financial anxiety associated with making crucial healthcare decisions for your beloved furry companion in the face of unexpected events. And let's face it, those incidents occur more frequently than we anticipate.

According to a survey by Angus Reid, a significant 71% of pet owners reported needing veterinary care for a serious illness, while 52% required emergency visits.

Among those who have pet insurance, 22% described it as a "total lifesaver," and 34% acknowledged that although they haven't always needed insurance, it was comforting to have. Only a mere 10% deemed it entirely useless.

When we consider the numbers, pet insurance serves as a valuable buffer against the costs of covered medical treatments at veterinary clinics.

However, whether you come out ahead financially depends on various factors, including the amount you pay in premiums, your deductible, and the reimbursement percentage offered by your chosen policy.

Another critical aspect is the frequency of claims you make. If you have a pet prone to accidents or if your furry companion develops a chronic condition, pet insurance can potentially save you thousands of dollars throughout their lifetime.

Good to know

It's worth noting that some insurers may adjust your reimbursement if you file numerous claims within a policy year. If your pet remains healthy and injury-free, you may end up paying more in premiums than you receive in reimbursements. Similar to any insurance plan, pet insurance prepares you for the worst while hoping for the best.

FAQs on Pet Insurance in Canada

How much is pet insurance in Ontario?

The cost of pet insurance in Ontario is similar to the cost in other parts of Canada and can vary based on the factors mentioned earlier. Basic pet insurance cost in Ontario generally starts at around $39 per month for a dog and $29 per month for a cat.

More comprehensive insurance, that is insurance with higher reimbursement rates and higher coverage levels, may cost as much as $150 per month. It's recommended to obtain quotes from different providers to get an accurate idea of the pricing specific to your location.

How much pet insurance coverage do I need?

In Canada, you should consider pet insurance coverage of at least $5,000 to $10,000 annually. This range helps cover rising veterinary costs, which have increased by 23.3% in three years from 2021 to 2024. Assess your pet's breed, age, and health history to choose a plan that provides adequate protection for both accidents and illnesses.

Does pet insurance cover neutering?

Pet insurance generally does not cover routine preventive care, such as spaying or neutering, vaccinations, or regular check-ups. However, some comprehensive plans or optional add-ons may offer coverage for certain preventive procedures.

It's important to review the policy terms and conditions to understand what is included in the coverage.

How to get the cheapest pet insurance in Canada?

  1. Compare Plans: Use comparison tools like the HelloSafe comparator to explore various pet insurance companies, focusing on coverage levels and premiums to find a balance that suits your budget and your pet’s healthcare needs.
  2. Choose Higher Deductibles: Opt for a plan with a higher deductible to lower your monthly premiums, ensuring it's an amount you can comfortably afford in case of an emergency.
  3. Look for Discounts: Seek out discounts for multiple pets, annual payments, or specific memberships that can reduce your overall costs.
  4. Evaluate Coverage Needs: Select a policy that covers the essentials without adding unnecessary extras, tailoring the plan to your pet’s specific requirements and risks.

Keep reading about pet insurance

Have more questions? Explore our other in-depth articles and reviews on pet insurance providers, pre-existing conditions, and everything else you need to know.

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Alexandre Desoutter
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Alexandre Desoutter has been working as editor-in-chief and head of press relations at HelloSafe since June 2020. A graduate of Sciences Po Grenoble, he worked as a journalist for several years in French media, and continues to collaborate as a as a contributor to several publications.

4 comments
Gob
on

What happens if you rescue a senior cat from a shelter and don’t know any of the cats history when you get it? Will you still be able to get coverage for the cat?

author-profile-picture Alexandre Desoutter Our expert

Hi Gob,
Different insurance companies may have different ways to deal with this issue. I suggest you directly contact the insurer of your choice and ask what you can do.

Have a nice day,
The HelloSafe team

Robert B.
on

I am new to pet insurance. I get frequent emails from a company called "24Petwatch" but don't see them in ratings lists. Do you know anything about this company and how it rates compared to those on your list?

author-profile-picture Alexandre Desoutter Our expert

Hi Robert,
We currently do not know this company and thus can't tell you how interesting their plans are compared to the other pet insurers.

Have a nice day,
The HelloSafe team

Lily
on

Looking for the best insurance dor my puppy that is affordable but still provides good coverage

author-profile-picture Alexandre Desoutter Our expert

Hi Lily,
You can use the comparator tool at the top of the page to find the perfect policy for you. Use the different buttons and the slider to set your parameters and find the best insurance for your situation.

Have a nice day,
The HelloSafe team

Janie
on

would like a quote for a 4 month old basset hound

author-profile-picture Alexandre Desoutter Our expert

Hi Janie,
Please contact the insurance company of your choice to get a quote. You can find the best insurer for you by using the comparator at the top of the page.

Have a nice day,
The HelloSafe team