ManyPets Pet Insurance Review 2024: A Newer Compare With Affordable Plans
Updated July 25, 2024 at 2:14 pm
ManyPets may be new to the U.S. pet insurance market, but it stands out from the crowd for its comprehensive policies at affordable premiums.
Our Methodology Our research is designed to provide you with a comprehensive understanding of personal finance services and products that best suit your needs. To help you in the decision-making process, our expert contributors compare common preferences and potential pain points, such as affordability, accessibility, and credibility.
ManyPets Pet Insurance
Vault Verified
Expert Take
ManyPets’s price tag makes it an attractive option for pet owners, especially when you take a closer look at its coverage options. It offers coverages many competitors exclude with no annual limits. However, there are a couple of holes in its policies, especially for puppies and dogs prone to hip dysplasia.
Pros
- Unlimited claims reimbursement
- Covers veterinary exam fees
- Short waiting period for orthopedic conditions, compared to other insurers
- Low policy premiums compared to many competitors
Cons
- Maximum reimbursement rate of 80%
- 15-day waiting period for both accidents and illnesses
- No coverage for hip dysplasia after age 5
- Not available in all states
Vault’s Viewpoint on ManyPets Pet Insurance
Despite being relatively new to the U.S. pet insurance market, ManyPets has made a name for itself by having comprehensive pet insurance policies at affordable rates. It’s one of the few companies we’ve looked at with unlimited annual coverage on all of its plans. So, while its reimbursement rates are limited to 70% or 80%, you’re still getting great coverage.
ManyPets covers some of the gaps you’ll find in other pet insurance policies, including coverage of veterinary exam fees and, in the case of its wellness plans, dental costs. It’s also one of the few companies we’ve seen without a six-month waiting period for orthopedic conditions. However, its wellness plan omits some key coverages, including a lack of coverage for hip dysplasia in dogs older than five.
As you’ll see in our ManyPets pet insurance review, we think it’s worth getting a quote from ManyPets and considering it along with a few other insurers. Just keep in mind that as a newer company, it’s not yet available in all U.S. states.
About ManyPets Pet Insurance
ManyPets is a UK-based pet insurance company that offers a variety of policy types to protect pets ages eight weeks to 14 years. The company was founded in 2012 and expanded to the United States in 2021. Its simple process allows you to get your quote in less than a minute. From there, you can customize your plan to fit your needs.
A ManyPets insurance policy covers both accidents and illnesses, along with any examinations, tests, medications, treatments, hospitalizations and veterinary visits that go along with them. The company also offers a wellness plan you can add to your policy, which reimburses up to $150 per year in four categories: exams and vaccinations, testing and parasite prevention, dental care and cleanings and vitamins and supplements.
There are a few things missing from ManyPets’s insurance policies. It doesn’t cover cosmetic procedures, behavioral therapy or training or hip dysplasia once your dog is six years or older. Its wellness plan doesn’t cover spaying and neutering or microchipping. Finally, though ManyPets does cover pre-existing conditions, it won’t do so unless it’s been at least 18 months since the last symptom and treatment.
| Annual Max Coverage | Unlimited |
| Reimbursement Rates | 70% or 80% |
| Deductibles | $250, $500 or $1,000 |
| Policy Highlights | Comprehensive policies at affordable rates |
Who Is ManyPets Pet Insurance Best For?
ManyPets is a great option for pet owners who want comprehensive pet insurance at a competitive price. The company’s policies offer an affordable price tag for accident and illness coverage. And though ManyPets does not offer the option of a 90% reimbursement rate like many companies do, it makes up for it by offering unlimited coverage on all plans. Many companies cap their annual reimbursements, and those that offer unlimited coverage usually charge higher premiums for it.
Next, ManyPets is a great option for pet owners who want a wellness plan to go along with their accident and illness policy. ManyPets’s wellness plan offers up to $150 reimbursement for each of the following categories (for a total of up to $600 per year):
- Exams and vaccinations
- Testing and parasite prevention
- Dental cleanings and at-home dental care
- Vitamins and supplements
Finally, you might want to consider ManyPets if you’re worried about your pet experiencing any orthopedic conditions in the near future. Many pet insurance companies have a months-long waiting period for orthopedic conditions. But ManyPets requires the same waiting period it has for other conditions—just 15 days (though it’s waived if you had other pet insurance coverage up to the policy’s effective day).
Who Should Consider an Alternative to ManyPets Pet Insurance?
If you’re looking for a comprehensive wellness plan for a new pet, ManyPets may not be the right option. First, it only covers up to $150 per treatment category, even if your costs significantly exceed that (which they easily can for a puppy or kitten). Additionally, the company’s wellness plans don’t cover microchipping or spaying and neutering, which are expenses often incurred by new pet owners.
Next, you may want to choose an alternative to ManyPets if your dog or cat has any relatively new pre-existing conditions. Though ManyPets will cover pre-existing conditions, it doesn’t do so until it’s been 18 months since the last symptom or treatment. Some other pet insurance companies begin covering pre-existing conditions after just 12 months.
Additionally, ManyPets may not be the right fit if you have a dog breed that’s especially prone to hip dysplasia. According to the American Kennel Club, this often includes large dog breeds like the Great Dane, Saint Bernard, Labrador Retriever and German Shepherd. This condition can become quite costly, but ManyPets only covers it until your dog reaches age five. Once they turn six, you won’t have coverage for this condition.
Finally, ManyPets isn’t a suitable choice for pet owners in Hawaii, Idaho, Maine, Massachusetts and Minnesota since it doesn’t currently offer policies there.
How Does ManyPets Pet Insurance Stack Up to Its Competitors?
To help you get an idea of whether ManyPets is right for you, let’s see how it compares to some of the other top pet insurance companies.
ManyPets Pet Insurance vs. Pets Best
Pets Best is one of the most popular pet insurance companies on the market, and it also happens to be one of the most affordable, including when compared to ManyPets. When you’re signing up for your policy, you can choose between a $5,000 or unlimited annual limit. It has reimbursement rates of either 70%, 80% or 90%, and deductibles ranging from $50 to $1,000—that’s one of the best ranges of any company.
Pets Best’s most popular plan is its Plus plan, which covers both accidents and illnesses. It also has a more affordable Essential plan that excludes exam fees. Finally, its more expensive Elite plan adds coverage for rehabilitative care, acupuncture and chiropractic care. You can also opt for an accident-only plan.
Like ManyPets, Pets Best offers wellness coverage, with two plans to choose from. And unlike ManyPets, you’ll get coverage for microchipping, spaying, and neutering. Also unlike ManyPets, Pets Best doesn’t cover pre-existing conditions, even after a certain period has passed. It also requires a six-month waiting period for cruciate ligament conditions, while ManyPets requires only 15 days.
ManyPets Pet Insurance vs. Lemonade
Lemonade’s pet insurance policies provide coverage for accidents and illnesses, with an optional wellness package. It has reimbursement rates of 70%, 80% and 90%, deductibles ranging from $100 to $750, and coverage limits ranging from $5,000 to $100,000.
It also offers various other add-on packages for veterinary visits (these aren’t covered under the standard plan like they are with ManyPets), physical therapy, behavioral conditions, dental illness and end-of-life and remembrance. Lemonade’s prices are already higher than ManyPets, and adding on these extras can burn an even bigger hole in your wallet.
Like ManyPets, Lemonade has waiting periods to receive coverage. There’s a waiting period of two days for injuries, two weeks for illnesses and six months for cruciate ligaments. The company also doesn’t provide coverage for any pre-existing conditions.
ManyPets Pet Insurance vs. Trupanion
Trupanion offers pet insurance policies that are more straightforward but less customizable. Every policy offers unlimited annual coverage for covered accidents and illnesses with a 90% reimbursement rate. The only thing you’ll choose is your deductible, which can range from $0 to $1,000.
Unlike ManyPets and many other insurers, Trupanion doesn’t offer an optional wellness plan. If you want one, you’ll have to purchase it from a different provider, which is often difficult to do as a standalone policy. The only policy add-ons are for recovery and complementary care and for pet owner assistance. This includes things like boarding fees if you’re hospitalized, liability coverage, cremation and burial expenses and more. Unfortunately, Trupanion is also missing coverage for pre-existing conditions and coverage of veterinary exam fees.
A key selling point of Trupanion is that you won’t have to wait for reimbursement on your claims. Instead, Trupanion can pay your veterinarian directly as you’re checking out. Even if you have one of the best credit cards for pet owners, you might not be able to afford putting a charge that large on your card, which makes Trupanion great for pet owners on a budget.
Editorial Disclosure: We may receive a commission from affiliate partner links included on our site. However, this does not impact our staffs’ opinions or assessments.
