Compare Pet Insurance in Canada

From coverage and benefit limits to value and reviews, we research everything you need to compare pet insurance in canada and make a decision. Learn how our editors compare the different factors of pet insurance in canada below.
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How we Compare Pet Insurance in Canada

Coverage - 25%
Benefit Limits - 15%
Deductibles - 10%
Reimbursement Models - 10%
Customer Service - 20%
Value - 10%
Reviews - 10%

Coverage

Pet Insurance Checklist

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Whether your pet needs a couple stiches put into an injured paw or if they’re facing a serious life threatening condition like cancer, you want a plan that has broad coverage & has few exclusions. After all, pet insurance is for the unexpected, and while some breeds are pre-disposed for specific health problems, the only thing you can really expect as a pet parent is that the unexpected will happen.  

An exception to the broad coverage rule is wellness coverage, also referred to as preventative care, which covers routine procedures such as checkups & vaccinations. Despite sounding like something you might want to have included as part of your pet insurance plan, wellness coverage is not a good deal.

Make sure your Pet Insurance plan covers:

  • Accidents & Illnesses
  • Hereditary, Congential, & Chronic Conditions
  • Diagnostic Tests
  • Emergency Care
  • Hospitalization
  • Specialist Care
  • Prescription Medication
  • Surgery

The Bottom Line

When looking at pet insurance, find a comprehensive plan that will protect you from the unexpected. We don’t suggest wellness or preventative care because these expenses can be budgeted for annually, but pick the plan that is best for you and your furry friend.

There’s a reason 82% of policies in the US do not cover wellness or preventative care. Wellness coverage drives up your monthly premiums & makes it so you pay more over the life of your pet for inexpensive procedures that are cheaper to pay out-of-pocket.

 

Pet Insurance in Canada with the Best Coverage:

Benefit Limits

 

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Depending on the Pet Insurance Company, your plan may provide unlimited lifetime benefits or your benefits may be capped on an Annual, lifetime, or per-condition basis.

We prefer companies that have unlimited lifetime benefits, meaning plans that have no payout cap. Veterinary Care costing $5,000 or more is becoming more common and having a plan without limits means you can give your pet the best care possible year after year. However, you may find that a plan with a payout cap works best for your needs and price point. Just remember to plan for the unexpected. 

Before buying, consider the following when it comes to Benefit Limits:

- Some Pet Insurance companies have Benefit Caps on how much you can receive over the lifetime of your pet.

- Waiting periods between enrollment and coverage are common. They typically range from 7 -30 days, and possibly longer with specific conditions.

- Some companies have Age Restrictions for enrollment. However, all of the Top 10 Pet Insurance Companies will cover your pet for life once they are enrolled.

 

The Bottom Line:

We suggest companies with unlimited benefit payouts, however many companies who do have benefit caps have set them so high that you may not reach them during the lifetime of your pet. Some companies have age restrictions when enrolling your pet, but the best Pet Insurance Companies will never drop your pet’s coverage because of their age. Lastly, it is not uncommon to have waiting periods between the time you enroll you enroll your pet and when your pet is covered. 

Note: If you have a working pet, like a service animal, herding dog, breeding dog or cat, basic Pet Insurance plans may not cover them. Some companies will not cover working pets at all, while others have special plans for these hard working animals.

 

Pet Insurance in Canada with the Best Benefit Limits:

Deductibles

 

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Similar to health insurance for people, with pet insurance your deductible is the amount out-of-pocket expense you’re have to pay before your pet insurance company will start reimbursing your costs. As a general rule, deductible amounts are typically inversely correlated to what you pay in monthly premiums such that the lower your monthly premiums are the higher your deductible will be.  

Pet Insurance companies offer one of three deductible types:

  • Annual: You pay ONE deductible each policy year for any condition being treated.
  • Per-Condition (Lifetime): For each condition your pet is treated for you’ll have a separate deductible. Once that deductible is paid, that condition is covered for the rest of your pet’s life.
  • Per-Condition (Yearly): For each condition your pet is treated for, you’ll have a separate deductible AND your deductible will reset each policy year.

 

The Bottom Line

We suggest a plan with an Annual deductible over a Per-Condition plan. However, if you do select a Per-Condition plan, we suggest the Lifetime deductible

Per-condition and Per-incident mean the same thing, but the wording may be used interchangeably.

 

Pet Insurance in Canada with the Best Deductibles:

Reimbursement Models

 

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When it comes to reimbursement, it’s important to note that most all companies require you to pay for your pet’s vet bill up front, and then will reimburse you for the cost that your plan covers. Top rated companies will also pre-authorize expensive treatments and directly pay the hospital.

Most companies offer reimbursement rates from 70-90%, however there are a few companies that also offer up to 100% of the bill. Remember that the reimbursement rate will directly impact your monthly premiums. The higher the reimbursement rate, the higher your monthly premium.

The Bottom Line

We suggest a plan that reimburses based on the actual cost of the veterinary bill. This way you will always know up front what you will be paying instead of having to rely on calculations and schedules that Pet Insurance Companies decide on. 

All of the Top 6 Pet Insurance Companies offer reimbursement based on actual cost, which is our preferred reimbursement model.

 

Pet Insurance in Canada with the Best Reimbursement Models:

Full Pet Insurance in Canada Comparison

CoverageBenefit LimitsDeductiblesReimbursement ModelsCustomer ServiceValueReviews
Petplan Canada Pet Insurance10.010.010.010.09.08.09.0
Trupanion Canada Pet Insurance9.010.09.09.09.09.09.0
Pets Plus Us Canada Pet Insurance8.010.08.06.09.08.09.0
Petsecure Canada Pet Insurance7.08.07.07.08.07.07.0
PC Pet Insurance in Canada6.06.06.010.08.06.06.0
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Latest Reviews

Reviews help other customers make decisions. Share your experience with Pet Insurance in Canada
S
Stephanie
Brampton, Ontario
6/23/2017
Looks good so far. I'm glad to see that they have a plan for older dogs

T
Tammy G
6/15/2017
I am surprised at these reviews very concerning! I have been with petsecure for more then 10 years. Every time we needed them they were instantly there right to the end of our Meesha journey! No questions immediately covered what was needed! We now have a new pup to insure these comments have me now worried on which company to choose Ugh!

J
John A
Ottawa, Ontario
5/31/2017
We decided to cover both our cat and dog by Petsecure. We pay almost $70 per month for our dog, and I have come to realize that this is really not insurance coverage, but should be considered as simply pre-paying your pet's medical expenses. Over the course of your coverage, the company takes steps to ensure they do not pay more in claims than what they have received in premiums. In our case, our dog has had a couple of unexpected health issues that have been relatively expensive (of course that is the very reason why we purchased pet insurance). As a result, Petsecure has twice reduced our co-insurance, from 80% to 60%, and now to 50%. They do not clearly explain they will do such changes, although the fine print does permit them to do so. But of course our premiums remain the same, and may probably increase soon. So when purchasing health insurance for your pet, be aware that the Company reserves the right to reduce the coverage, and will likely do so, if you have to make a claim. In the long run, if you simply put the money aside that you would have to pay in premiums, You would likely come out ahead.

Reviews help other customers make decisions. Share your experience with Pet Insurance in Canada