Pet insurance can help ease the financial burden when your pet has an accident or illness, resulting in unexpected vet bills. And discounts can be the savings you need to make a pet insurance plan fit your budget. Discount offerings vary by company, with some more generous than others.
We analyzed multi-pet, multi-policy, military, and other savings across 30 plans to identify the best pet insurance discounts. Discover which insurers offer the best opportunities to lower your costs.
Learn more: How does pet insurance work? A complete guide.
MetLife’s robust discount opportunities and low costs make it stand out as the best for pet insurance discounts. MetLife offers a multi-pet discount of up to 5%, plus you can put both cats and dogs on one plan with a shared deductible. Also, you can have a shared annual limit, meaning if one pet needs more coverage than another, you can allocate more of the limit to that pet.
Discounts abound with MetLife, including a military discount, a discount for purchasing online, a discount for first responders, healthcare workers, federal employees, and other specific industry workers or volunteers, and an affinity group discount. MetLife also offers a disappearing deductible, which reduces your deductible by $50 for each year you don’t make a claim.
MetLife pet insurance pros and cons
Pros
Multi-pet discount, along with shared deductible and shared annual limit for pets
Has a military discount
Discounts for buying online and for affinity groups are available
First responders, federal workers, and other industry-specific workers are eligible for discounts
Prices are below-average
Cons
No bundling discount offered
Short window to submit claims: 90 days from treatment date
Maximum annual benefit of $2,000 for older pets, which can be less than the annual premium
Available discounts: Multi-pet, military, buy online, first responders, varying industry workers, affinity groups, and a disappearing deductible
Average cost for $5,000 annual coverage: $81.05/month ($500 deductible, 90% reimbursement)
Average cost for $10,000 annual coverage: $128.59/month ($500 deductible, 90% reimbursement)
Learn more: MetLife pet insurance review
Lemonade pet insurance offers decent discounts and low prices, making it well worth your consideration when shopping for a pet insurance plan. A multi-pet discount of up to 10% is available, along with a discount for paying your policy premium in full. If you also have a life, auto, home, or renters insurance policy with Lemonade, you can take advantage of a multiple policy discount of up to 10%. Its average rates were the second-lowest in our analysis.
Lemonade pet insurance pros and cons
Pros
Multi-pet discount of up to 10% available
Offers a discount for making an annual payment instead of installments
Up to 10% discount for bundling pet insurance with Lemonade auto, home, renters, or life insurance
Military members can receive a discount
Below-average pet insurance pricing
Cons
Doesn’t offer a 24/7 vet healthline, which many competitors include
Extra cost if you want to add on coverage for dental illness, vet exam fees, or behavioral therapy
Available discounts: Multi-pet, bundling, annual payment (pay in full)
Average cost for $5,000 annual coverage: $56.96/month ($500 deductible, 90% reimbursement)
Average cost for $100,000 annual coverage: $85.19/month ($500 deductible, 90% reimbursement)
Learn more: Lemonade pet insurance review
Liberty Mutual’s pet insurance discount offerings, along with having the lowest rates, in our analysis, make it a top contender. Its multi-pet discount is up to 5% for two pets and up to 10% for three or more. Military and multipolicy discounts are stackable, allowing you to achieve a higher overall discount on your pet insurance plan.
Liberty Mutual pet insurance pros and cons
Pros
Discount for insuring multiple pets
Military discount and bundling discount available
Lowest rates of the pet insurers we evaluated
Cons
Available discounts: Multi-pet, bundling, military
Average cost for $5,000 annual coverage: $63.96/month ($500 deductible, 90% reimbursement)
Average cost for $15,000 annual coverage: $72.81/month ($500 deductible, 90% reimbursement)
Learn more: Liberty Mutual pet insurance review
Chewy partners with both Lemonade and Trupanion to offer pet insurance. Its Lemonade plan received 4.8 stars in our discounts evaluation for its low pricing and reasonable discounts. (The Chewy Trupanion plan received only 3 stars due to its lack of discounts.)
Discounts available with Chewy’s Lemonade plan include up to 10% off for insuring multiple pets, a 10% multi-policy savings if you have other Lemonade insurance plans such as auto, home, renters, or life, and a 5% discount for paying your premium in full at the start of your term.
Chewy pet insurance pros and cons
Pros
Multi-pet discount of up to 10%
Bundling discount of up to 10%
Good pricing for a $20,000 per year coverage plan
Virtual consults available with the Chewy vet team
Cons
Available discounts: Multi-pet, bundling, pay in full
Average cost for $20,000 annual coverage: $70.62/month ($500 deductible, 80% reimbursement)
Learn more: Chewy pet insurance review
USAA has partnered with Embrace to offer pet insurance. USAA’s pet insurance plans offer some exclusive discounts, such as a 10% discount to members who have a service dog and a multiple-policy discount for buying other USAA insurance policies, such as auto or homeowners. A multi-pet discount of up to 10% is also available. These discount opportunities, along with its budget-friendly pricing, make it one worth comparing quotes with if you’re eligible. To qualify with USAA, you must be a military member, a veteran, or an immediate family member.
USAA pet insurance pros and cons
Pros
Offers 10% discount for USAA members with service dogs
A bundling discount of up to 15% is available
Low-cost pet insurance prices
Cons
Must be a military member, veteran, or immediate family member to be eligible
Coverage for vet exam fees or prescriptions are add-on coverage options
Available discounts: Multi-pet, bundling, service dog
Average cost for $5,000 annual coverage: $67.05/month ($500 deductible, 90% reimbursement)
Average cost for unlimited annual coverage: $99.64/month ($500 deductible, 90% reimbursement)
Learn more: USAA pet insurance review
Review the star ratings for all the pet insurance companies assessed for our best pet insurance discounts rankings. MetLife led the pack with a 5-star score.
Learn more: The best pet insurance companies
Pet insurance discounts vary by insurer and by state. The most prominent discounts offered are for insuring multiple pets, having multiple policies with the same insurer, and for military members. Discounts can typically be stacked, but ask an agent to confirm.
The latest available data indicates that more than one-third of pet owners have more than one pet. If you’re buying pet insurance and have more than one dog or cat, securing a multi-pet discount is a nice perk.
Multi-pet insurance discounts are generally 5% or 10% per pet. Here’s a look at discounts among all of the pet insurance companies we evaluated.
Pet insurers offering up to 5% multi-pet discount:
AKC
Costco
Figo
Metlife
Pets Best
Progressive
Pet insurers offering up to 10% multi-pet discount:
A multipolicy discount, also called a bundling discount, comes about when you buy your pet insurance and have at least one other type of insurance from the same insurer, such as an auto, home, renters or life insurance policy.
Here are the companies we found in our assessment that offer a bundling discount:
The following pet insurers offer a discount for being a member of the military:
Costco (Figo plans)
GEICO (Embrace plans)
Embrace
Figo
Liberty Mutual
Metlife
Pets Best
USAA can also be a good pick for military members, as it sells exclusively to the military community and gives a discount for members with a service dog.
Learn more: Find the best deal on military car insurance
Discounts can help bring down the total premium you’ll pay for pet insurance. Many pet insurers offer valuable discounts. Here are tips on how to find the discounts you’re eligible for.
The best way to get the best discounts and the lowest overall premium for pet insurance is to get personalized pet insurance quotes from at least three companies. Premiums can vary based on your pet’s breed, age, location, and chosen coverage, so make sure you enter the exact same information for quotes. Many discounts are automatically applied during the quoting process and help you save on your total premium.
Learn more: How to compare pet insurance quotes
While many discounts are given when you apply for pet insurance, some you may need to ask about, which is why you should ask an agent if there are other discounts you qualify for that will help reduce your premium.
Learn more: Is pet insurance worth it?
Some employers offer pet insurance as a voluntary benefit that comes with a discount. Ask your employer if this is an option available to you. There are also discounts offered with membership, such as Costco’s partnership with Figo, which gives its Gold Star and Business members a 15% discount on pet insurance.
Check with the insurance company you already have auto, home, or renters insurance with to see if they also offer pet insurance and a bundling discount. For instance, Lemonade offers a discount of up to 10% if you buy pet insurance and also have your car, home, renters, or term life insurance policy with it. And USAA offers a multipolicy discount of up to 15%.
Learn more: When you bundle home and auto insurance, be sure it’s the best deal
MetLife is the best for pet insurance discounts, according to your analysis of 30 pet insurance and wellness plans. It offers a wide variety of discounts, including a multi-pet discount, military discount, buy online discount, and discounts for first responders, healthcare workers, and federal employees.
Many pet insurance discounts are automatically applied when you get your quote; however, it’s always wise to also ask an agent if there are any others you may be qualified for and can be added to lower your overall premium. You can also look for discounted pet insurance offered by an employer or a group you’re a member of, such as Costco.
Nearly all the pet insurance companies we analyzed offered a multi-pet discount, but not all did. Other common discounts include bundling discounts for holding multiple insurance policies with the insurer and a discount for military members. When getting a quote, review the applied discounts and also ask an agent if there are any other discounts available to you.
Learn more: Your guide to what pet insurance covers
Tim Manni edited this article.
We researched the discount and cost details for 30 pet insurance and wellness plans. We then weighted categories, and each pet insurer was scored relative to the others to find the best pet insurance companies for discounts. Here are the factors we incorporated.
Pet insurance discounts: 85% of score. Insurers were evaluated on the availability and quality of pet insurance discounts. Points were awarded for each of the following discounts: Multi-pet, military, first responders/healthcare workers/federal workers/employees/affinity groups, buy online or pay in full, healthy pet, multi-policy/bundling, member, and service dog.
Average cost: 10% of score. We evaluated average costs in five states for $5,000 and unlimited coverage for a mixed-breed dog (age 1), a French bulldog (age 5), and a Labrador retriever (age 8).
Disappearing deductible: 5% of score. We awarded additional credit to insurers that offer an additional cost-saving: a diminishing deductible.
