Best 5 Pet Insurance companies in Canada

May 2, 2022


What is pet insurance?

The simplest definition of pet insurance most basic version is health insurance for your dog. The estimates show that one in three pets will require emergency medical treatment throughout their lives.

It’s not a secret that pet owners would like to keep their furry friends healthy and happy without taking their money while doing it. The rising popularity of pet insurance is one that insurance companies see as a necessity. It’s a great way to safeguard pet parents from costly vet costs.

Husband and wife and their son with dog mov

Similar to humans, the price of animal medical services is on the rise. The cost can quickly mount up, particularly for purebreds and older animals. It’s not unusual to find pets that require diagnostic procedures such as radiographs and lab tests, treatment plans, and medication to treat pets.

Do you think about a pet insurance policy for your pet? Please read our testimonials above and request an estimate.


What is pet insurance? How does it function within Canada?

Pet insurance is exactly like other types of insurance. The cost is paid in monthly installments, referred to as the premium. Suppose your pet is suddenly sick or injured. In that case, your insurance provider will cover all or a part of the costs above a specific percent. It will ensure that your pet has received the best care possible without limiting the amount you’ll need to cover out in cash.

Best pet insurance in Canada

To determine the most effective pet insurance coverage in Canada, We’ve looked over pet insurance companies to determine where they stood out compared to the others. Our analysis was based on U.S.-based firms that offer insurance to U.S. and Canadian residents.

1. FetchPet

FetchPet, earlier called Petplan, is a pet insurance company that offers comprehensive health insurance plans for cats and dogs throughout Canada and the United States. It is possible to visit any veterinary branch in either country, with no limitations or networks.


Pet owners can rest assured that they’ll be protected from unexpected injuries or illness with complete pet insurance plans. The things covered by the policy include exams, doctor visits, total dental visits to the vet, imaging cancer treatment, surgery, and many more.

During the enrollment process, you’ll have the option to select your deductible, the reimbursement amount, or the benefit amount from a range of options to choose the coverage you require at a cost you can manage to afford.

2. Petplan Canada

Petplan is among the top pet insurance companies throughout North America and offers pet health coverage throughout Canada and the United States.

The company was established in 2003. In 2020, the company joined forces with The Dodo, a well-known animal-related media brand.

One of its most famous attributes is:

  • No age limit on enrollment
  • 15-day waiting time for illness
  • This plan includes exam costs in case of injury or disease.
  • It may also have other therapies 
  • A maximum of 90 100% reimbursement options
  • The amount of coverage varies based on the plan
  • 24/7 customer service support

You can purchase a Petplan pet insurance policy for your dog or cat as early as they reach the age of 6 weeks.

The typical pet insurance plan costs around $35.00 per month per dog. $25 for cats per month.

Petplan cannot offer coverage for pre-existing medical health conditions, wellness services, or cosmetic and elective procedures. Additionally, it’s unavailable for New Brunswick and Quebec.


3. Trupanion

Trupanion provides pet insurance in both Canada and the United States. The policyholder can see any vet in both countries without limitations.

The most notable feature of Trupanion is its ability to pay your vet’s charge at the point of purchase, along with its lifetime deduction. The lifetime per event deductible can aid pet owners in limiting their expenses if their pet suffers the same condition or injury several times. Using Vet DirectPay, you can pay a select number of veterinarians at checkout to ensure that you don’t need to cover high costs out of pocket.

Trupanion’s policies for pet insurance do not limit the annual benefit amount and pay 95% of the cost in cases covered by the policy. The only thing you can control is the deductible. It is a choice that ranges between $0 and $1,000.

4. Petsecure

In contrast to FetchPet and Trupanion, Petsecure will only work in Canada. The coverage offered is different from the two firms because it provides its policy in terms that allow customers to choose between two deductibles for every plan.

When we were given an estimate for reviewing the terms, a portion of the options did not work. We could not choose one of the options for deductibles to look over the cost information. Be sure to check for this issue when receiving an estimate.

In addition to the standard insurance, policyholders can receive up to $4,050 worth of benefits for customers. The benefits include $1,000 insurance for boarding if you’re hospitalized and $1,000 cancellation insurance if your pet experiences the effects of an accident, $1000 for funeral costs or cremation, and other benefits.

5. Pets Plus Us

Pet Plus Us offers two primary policies for pet insurance: Illness coverage or accident. You can also add the Wellness plan or choose the Blue Ribbon benefits.

Suppose you’re an existing member of Costco. In that case, You may have noticed that Costco offers this insurance to its customers at a 10% preferred rate.

Features of this service include:

  • Coverage up to $15,000 per year
  • 70% to 90 percent reimbursement based according to the policy
  • A yearly deductible for the year is based on age.
  • Wellness packages cost up to $1250 annually and renew each year.

Pets Plus Us does not provide coverage for pre-existing conditions. The policy also provides a 14-day waiting period for illness and 48 hours for accidents.

What is pet insurance coverage?

Similar to the other types of insurance, pet insurance will pay your pet’s costs in connection with medical bills arising from:

  • Accidents
  • Tests for diagnostics
  • Emergency Care
  • Hospitalization
  • Prescriptions
  • Sudden illness
  • Surgery

Specific pet insurance policies also provide wellness plans that offer preventative treatments like checks, vaccinations, and the prevention of parasites.

Which pet insurance plans cover dental?

Dental benefits for pets are more frequent on more expensive premium plans. One well-known Canadian insurance company covers up to $1,000 annually in its most expensive plan. Trupanion offers optional coverage that reimburses up to 90 percent of dental treatments for animals.

Specific plans may not include annual dental care like cleanings or exams. Pet insurance might only cover dental treatments directly connected to an accident or injury. According to the insurance company, specific preventative treatments may be covered by an add-on benefit to wellness.

Does pet insurance cover neutering?

The majority of insurance plans do not cover spaying or neutering your pet.

Some insurance plans will cover sterilization procedures as a beneficial addition. Make sure you read the fine print of your health and insurance plan to determine what’s included before signing up for the program.

Does pet insurance cover vaccines?

Vaccines are routine and preventative care that is typically not covered by the basic insurance plans for pets. However, like neutering, the wellness benefit could cover regular medical treatments like vaccinations.

What are the advantages and disadvantages of pet insurance?

There are benefits and drawbacks when it comes to pet insurance. Like all types of insurance, you have to pay an amount in exchange for the security of knowing that you’ll be financially secure during a severe accident or illness that affects your pet.

The advantages of pet insurance

  • Choose your vet: Unlike health insurance policies for individuals who require you to choose the services of a particular health professional, the pet insurance policies permit the pet to be treated by a vet that you prefer.
  • Insurance coverage for all breeds and older animals: Although it is recommended to purchase pet insurance immediately after bringing your pet home to secure lower rates, you can buy insurance for your pet after. Remember that the more senior your pet gets more likely the chance of developing existing conditions which are then excluded.
  • Peace of mind: having an insurance policy for your pet allows you to select treatments for your injured or sick pet based on the most effective alternative for your pet’s health and not your budgetary constraints.
  • An easy method to budget for pet care expenses Pet insurance policies are paid each month either quarterly, semi-annually, or even annually. Select the plan that is most effective for you. Some plans offer discounts for pets.
  • Secure your money. If you’re an animal lover, it’s a no-brainer. You don’t want to tap into your emergency fund to receive medical attention for yourself. The same goes when it comes to the medical care of your animal.

Some drawbacks of pet insurance

  • Routine visits aren’t always covered. Annual exams and regular vaccinations aren’t included in most insurance policies for pets. This means you must pay for these recurring costs out of pocket.
  • There is a chance that you will be liable for the cost of out-of-pocket expenses; even having a comprehensive insurance plan does not guarantee that you will be covered for all treatments your pet could require.
  • Pre-existing medical conditions are not covered. If your pet is diagnosed with an allergy or cancer and you attempt to get an insurance plan, treatments associated with those ailments will not be covered.
  • You usually have to pay for the initial cost first and then file a claim for reimbursement. Pet insurance doesn’t always provide direct billing. It is possible to pay vet bills with certain providers before requesting a refund. The time to get reimbursement will differ dependent on the service.
  • It is possible to buy more benefits than you will use. When purchasing insurance for your pet, keep in mind that you’re purchasing it to safeguard your pet and finances. There are times when you won’t use all the benefits you are buying.

How much is pet insurance?

Pet insurance costs are based on several aspects, such as whether it’s a pet or cat animal, the breed and age, and the amount of deductible you want to pay. These factors are taken into account in determining the cost of your pet’s insurance. The state you reside in may affect the price of insurance for pets.

What is pet insurance for my dog?

The insurance cost for your pet can range from $15.20 per month and can go to over $100and more per month. It is contingent on the type of coverage you select and the deductible.

What is the cost of insurance for my cat’s pet?

The cost of insurance for your cat begins at $10.10 each month. It can increase based on the insurance coverage and the deductible options you select.

Do you want to find an estimate to safeguard your cat or dog? Don’t miss the insurance comparison for pets located at the top.

Are you looking to find out your dog’s age about human age? Could you make use of our calculator to determine?

Is pet insurance worth it?

It is impossible to predict what might happen to your cat or dog.

Veterinarians and insurance professionals can advise you that medical bills could be excessive if your pet suffers an injury or illness as much as one-third of pets in Canada require emergency medical attention in their lifetime.

Injuries like dog bites, fractures, or eating things shouldn’t be consumed; for example, LEGOS could result in thousands of dollars spent to take care of. An injury to the ligaments of dogs can cost anywhere from $3,000 to $7,000. The cost does not include anesthesia, X-rays, or follow-up treatment.

There are breeds of both dogs and cats vulnerable to injuries or illnesses. If you are a pet owner of one of these breeds, you have to visit more often and have expensive vet costs.

Is pet insurance worth the cost? If you’d like to ensure that your pet receives the best treatment available and want to save money while doing it, then yes.

What is the annual deductible on the pet’s insurance?

The deductibles for pet insurance function similar to human insurance. The insurance companies allow a deductible between $0 and $1,000 per year.

Many companies permit the choice of not having a deductible, a yearly deduction, or a lifetime. If you have an annual deductible, pet owners must pay the deductible several times throughout the pet’s life. Suppose you have a lifetime per condition deductible. In that case, you’ll need to be able to pay the deductible for chronic conditions only once.

The addition of any deductible can lower your cost. Contact your insurance provider and look up quotes to determine the best compromise for you and your pet.

Pet Insurance Canada Frequently Asked Questions(FAQs)

What is the best way to choose my pet’s insurance to deduct?

The deductible will be the sum you have to pay before the insurance. The higher your deductible, the lower the cost of your insurance. Take into consideration how much you’re willing to pay in case of emergency, and then take a look at the total cost of your premium.

Do I get a pet insurance discount for multiple pets?

Some insurance companies offer up to 15 percent discount when you have pets of more than.

Does pet insurance cover routine vet visits?

The majority of pet insurance will not provide preventive or routine care. It may be possible to include a wellness plan that consists of a general vet exam and care.

Can I deduct pet insurance from my tax returns?

Pet insurance costs are typically not deductible in Canada. Certain exceptions apply to animals used for service and farm use. Check-in with CRA for confirmation.

Is there the top pet insurance provider in Canada?

Apart from the ones mentioned earlier and the ones listed above, there are various insurance companies for pets in the United States. Which one is best for you will depend on the type of pest and the level of coverage you pick.

Final Thoughts

The majority of people consider pets to be either cats or dogs. However, other animals can also be eligible. Some insurers specialize in horses. Some cover rabbits, ferrets, and even ferrets. It is recommended to inquire with the individual insurance companies for your pet since the expenses and requirements for health care differ for each animal.