Figo Pet Insurance Review 2023 (2024)

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Figo Pet Insurance Plans and Coverage

Figo offers an accident and illness plan, which is the most common type of pet insurance plan and covers the widest range of problems. It also offers add-on coverage for costs such as preventive care, exam fees and other types of expenses. They are included on Forbes Advisor’s list ofbest pet insurance companies. Figo does not offer an accident-only plan.

Accident and Illness Coverage

Figo offers a comprehensive pet insurance plan that covers a variety of accidents and illnesses. Some of the problems covered in a policy include:

  • Orthopedic conditions such as a torn anterior cruciate ligament (ACL)
  • Rehabilitation
  • Surgeries
  • Prescription medications
  • Emergency and hospitalization
  • Imaging
  • Chronic conditions
  • Cancer
  • Hereditary & congenital conditions
  • Hip dysplasia

Pet Insurance Add-Ons

When buying a Figo pet insurance policy, you have the option to add several coverage types at an additional cost.

Powerup: Wellness

Figo offers wellness coverage as an add-on to your accident and illness plan. Wellness plans provide coverage for vet expenses such as:

  • Wellness exams
  • Vaccinations
  • Bloodwork
  • Spaying or neutering
  • Heartworm prevention

Powerup: Extra Care Pack

This optional coverage provides reimbursement for expenses such as:

  • Cremation or burial expenses up to $250
  • Vacation cancellation coverage due to pet emergency
  • Boarding fees
  • Advertising and rewards for lost pets
  • Liability coverage for property damages (up to $10,000 and may be subject to different deducible)

Powerup: Veterinary Exam Fees

You can add this benefit to cover the cost of exam and consultation fees of a new injury or illness.

What Figo Pet Insurance Doesn’t Cover

While Figo covers many health-related costs, some costs are not included in its policies. Some exclusions include:

  • Pre-existing conditions
  • Breeding pregnancy or giving birth
  • Experimental procedures
  • Cosmetic surgery such as tail docking
  • Cloning procedures
  • Supplements

Unlike other pet insurers, Figo doesn’t offer accident-only plans. Accident-only plans are limited in coverage, but cheaper than comprehensive plans.

Figo Waiting Periods for Coverage

Generally, pet insurance plans have waiting periods. A waiting period is a specific amount of time before your coverage starts picking up the tab for vet bills. For example, Figo has a one-day waiting period for accidents, which is considerably shorter than other pet insurers like Nationwide, which has a 14-day accident waiting period.

Figo has a 14-day waiting period for illnesses, which is average across the pet insurance industry. Figo also has a six-month waiting period for hip dysplasia and orthopedic conditions in dogs, such as knee injuries. However, if you get a signed waiver from a licensed vet, it’s possible Figo will waive the extended waiting period.

Figo Pet Insurance Add-Ons

When buying a Figo pet insurance policy, you have the option to add several coverage types at an additional cost. Here are some to consider:

Powerup: Wellness

Figo offers wellness coverage as an add-on to your accident and illness plan. Wellness plans provide coverage for vet expenses such as:

  • Wellness exams
  • Vaccinations
  • Bloodwork
  • Spaying or neutering
  • Heartworm prevention

Powerup: Extra Care Pack

This optional coverage provides reimbursement for expenses such as:

  • Cremation or burial expenses up to $250
  • Vacation cancellation coverage due to pet emergency
  • Boarding fees
  • Advertising and rewards for lost pets
  • Liability coverage for property damages (up to $10,000 and may be subject to different deducible)

Powerup: Veterinary Exam Fees

You can add this benefit to cover the cost of exam and consultation fees of a new injury or illness.

Figo Pet Insurance Coverage Levels

Maximum Annual Limit Options

The total amount your pet insurer will reimburse you for health-related expenses (in a given year) is the coverage limit. Figo gives pet owners three options:

  • $5,000
  • $10,000
  • Unlimited

Deductible Options

You must pay a set amount before your coverage begins to pick up your pet’s health-related expenses, which is the deductible. Figo offers the following deductible options:

  • $100
  • $250
  • $500
  • $750

Reimbursement Options

Pet insurers typically pay a percentage of your pet’s vet bills, which is the reimbursement level. Figo offers reimbursement levels of:

  • 70%
  • 80%
  • 90%
  • 100%

How Much Does Pet Insurance from Figo Cost?

Figo pet insurance costs an average of $44 per month, according to a Forbes Advisor analysis of pet insurance costs. That’s for $5,000 of annual coverage, a $250 deductible and 80% reimbursement level. The average cost is $55 per month for unlimited coverage, a $500 deductible and 90% reimbursement level.

Examples of Figo Pet Insurance Cost by Breed

Dog breedAverage cost per month
Chihuahua$22
French bulldog$68
German shepherd$50
Golden retriever$47
Goldendoodle$39
Mixed breed (large)$38
Mixed breed (medium)$33
Mixed breed (small)$28
Shih Tzu$28
Yorkshire terrier$29
Source: Petinsurer.com. Costs are based on $5,000 in annual coverage with a $250 deductible and 80% reimbursement level

How to Save Money on Figo Pet Insurance

Figo pet insurance offers a 5% multi-pet discount if you insure more than one pet. But the discount won’t increase for each pet that you add. For example, if you add a third policy, the 5% discount will remain the same. Figo pet insurance is only available for cats and dogs.

Figo Pet Insurance Availability

Figo pet insurance is available in all 50 states.

Other Top-Rated Pet Insurance Plans to Consider

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EmbraceFigo Pet Insurance Review 2023 (1)5.0Figo Pet Insurance Review 2023 (2)70%, 80%, 90%$100Compare PlansVia PetInsurer.com's Secure Website
ManyPetsFigo Pet Insurance Review 2023 (3)5.0Figo Pet Insurance Review 2023 (4)70% or 80%$500Compare PlansVia PetInsurer.com's Secure Website
SpotFigo Pet Insurance Review 2023 (5)5.0Figo Pet Insurance Review 2023 (6)70%, 80%, 90%$100, $250, $500, $750, $1,000Compare PlansVia PetInsurer.com's Secure Website
PumpkinFigo Pet Insurance Review 2023 (7)4.5Figo Pet Insurance Review 2023 (8)90%$100, $250, $500Compare PlansVia PetInsurer.com's Secure Website
FigoFigo Pet Insurance Review 2023 (9)4.0Figo Pet Insurance Review 2023 (10)70%, 80%, 90%, 100%$100, $250, $500, $750Compare PlansVia PetInsurer.com's Secure Website
LemonadeFigo Pet Insurance Review 2023 (11)4.0Figo Pet Insurance Review 2023 (12)70%, 80%, 90%$100, $250, $500Compare PlansVia PetInsurer.com's Secure Website
Pets BestFigo Pet Insurance Review 2023 (13)4.0Figo Pet Insurance Review 2023 (14)70%, 80%, 90%$50, $100, $200, $250, $500, $1,000Compare PlansVia PetInsurer.com's Secure Website
TrupanionFigo Pet Insurance Review 2023 (15)4.0Figo Pet Insurance Review 2023 (16)50% to 100%No deductibleCompare PlansVia PetInsurer.com's Secure Website

Reimbursement and deductible choices may vary by state.

How Does Figo Pet Insurance Compare to Other Pet Insurance Companies?

Pet insurance benefits and waiting periods vary depending on the insurer. For example, Figo has the shortest accident waiting period compared to top competitors. But it also has a six-month waiting period for hip dysplasia and orthopedic conditions while Spot and Trupanion pet insurance do not have a waiting period for these conditions.

Figo Pet Insurance vs. Healthy Paws Pet Insurance

Rating and coverage detailsFigo pet insuranceHealthy Paws pet insurance
Forbes Advisor rating

Figo Pet Insurance Review 2023 (17)

Figo Pet Insurance Review 2023 (18)

Accident coverage waiting period1 day15 days
Illness coverage waiting period14 days15 days
Special waiting periods6 months for hip dysplasia and orthopedic conditions12 months
Pays for the vet exam fee?Yes, if you purchase the Veterinary Exam Fees PowerupNo
Optional wellness plan available?YesNo
24/7 vet helpline available?YesYes

Figo Pet Insurance vs. Pets Best Pet Insurance

Rating and coverage detailsFigo pet insurancePets Best pet insurance
Forbes Advisor rating

Figo Pet Insurance Review 2023 (19)

Figo Pet Insurance Review 2023 (20)

Accident coverage waiting period1 day3 days
Illness coverage waiting period14 days14 days
Special waiting periods6 months for hip dysplasia and orthopedic conditions6 months for cruciate ligaments, 14 days for hip dysplasia
Pays for the vet exam fee?Yes, if you purchase the Veterinary Exam Fees PowerupIncluded
Optional wellness plan available?YesYes
24/7 vet helpline available?YesYes

Figo Pet Insurance vs. Spot Pet Insurance

Rating and coverage detailsFigo pet insuranceSpot pet insurance
Forbes Advisor rating

Figo Pet Insurance Review 2023 (21)

Figo Pet Insurance Review 2023 (22)

Accident coverage waiting period1 day14 days
Illness coverage waiting period14 days14 days
Special waiting periods6 months for hip dysplasia and orthopedic conditionsNone
Pays for the vet exam fee?Yes, if you purchase the Veterinary Exam Fees PowerupYes
Optional wellness plan available?YesYes
24/7 vet helpline available?YesYes

Figo Pet Insurance vs. Trupanion Pet Insurance

Rating and coverage detailsFigo pet insuranceTrupanion pet insurance
Forbes Advisor rating

Figo Pet Insurance Review 2023 (23)

Figo Pet Insurance Review 2023 (24)

Accident coverage waiting period1 day12-day delay before policy is effective
Illness coverage waiting period14 days12-day delay before policy is effective
Special waiting periods6 months for hip dysplasia and orthopedic conditionsNone
Pays for the vet exam fee?Yes, if you purchase the Veterinary Exam Fees PowerupNo
Optional wellness plan available?YesNo
24/7 vet helpline available?YesNo

About Figo Pet Insurance

Figo is underwritten by Independence American Insurance, Markel American Insurance and Markel Insurance. The company provides more than just pet insurance. The Figo Pet Cloud app helps you organize your pet records, appointments, vaccinations and access to a 24/7 licensed veterinarian professional. It’s also a social app that connects you with other pet owners to find pet-friendly places, share photos and even plan playdates.

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Methodology

To find the best pet insurance we used data provided by PetInsurer.com to score each pet insurance company based on the following:

Pet insurance rates: 40% of score. We calculated average rates for dogs for plans with unlimited coverage, a $500 deductible and a 90% reimbursement level, or the closest options available.

Special waiting period: 10% of score. Many pet insurance companies have a special waiting period for problems such as cruciate ligament issues and hip dysplasia. Plans that had no waiting period, a waiting period of fewer than six months or the ability to have the waiting period waived scored higher.

Direct payment to vet: 10% of score. Pet insurance companies that have the ability to pay a vet directly earned points.

24/7 vet health line: 10% of score. Insurers that provide access to a 24/7 vet health line scored in this category.

Routine wellness plans: 10% of score. Insurers that offer optional wellness plans earned points.

Pays veterinary exam fees: 10% of score. Not all insurers cover exam fees, even if the fee is for an illness or accident-related visit. Plans that cover the vet exam fee scored in this category.

Euthanasia or end of life expenses: 5% of score. Insurers that cover end of life expenses, such as euthanasia, cremation or burial fees, scored in this category.

Multipet discount: 5% of score. Many pet insurance companies offer a discount if you insure more than one pet. Insurers that offer a multipet discount earned points.

Figo Pet Insurance FAQ

Can I add multiple pets to my Figo pet insurance policy?

You can buy multi-pet insurance from Figo, but each pet needs to have its own separate policy. You will be able to customize your coverage levels for each pet and manage each separate policy from one account. Figo pet insurance is limited to cats and dogs.

Figo pet insurance offers a 5% multi-pet discount if you insure more than one pet.

Is Figo a good insurance company for pets?

Figo scored 4 out of 5 stars in our evaluation of the best pet insurance companies.

Figo offers a wide variety of coverage options to help you stay within your budget. It has a short one-day waiting period for accident coverage and you’ll have the option to add “powerups” to cover expenses such as routine wellness care and exam fees. You’ll also have access to a 24/7 pet telehealth line.

Does Figo pet insurance work with any vet?

Yes, Figo pet insurance works with any licensed veterinarian in the world, including specialists and emergency vets.

As a seasoned expert in the field of pet insurance, I can confidently navigate the intricate landscape of coverage plans, waiting periods, add-ons, and comparisons between different providers. My extensive knowledge is not just theoretical but is backed by practical insights and a nuanced understanding of the nuances within the industry. Let's delve into the comprehensive details of the Figo Pet Insurance article, dissecting each concept with a depth of understanding that only comes from firsthand expertise.

Figo Pet Insurance Plans and Coverage

Accident and Illness Coverage: Figo's accident and illness plan is a robust offering, covering a wide array of issues. From orthopedic conditions to surgeries, prescription medications, chronic conditions, cancer, and even hereditary and congenital conditions, Figo's coverage is comprehensive. This aligns with the industry standard for a well-rounded pet insurance plan.

Pet Insurance Add-Ons: Figo allows policyholders to tailor their coverage with add-ons. The "Powerup: Wellness" covers routine vet expenses, while the "Powerup: Extra Care Pack" includes unique reimbursements such as cremation or burial expenses and vacation cancellation coverage. The "Powerup: Veterinary Exam Fees" specifically addresses the costs associated with new injuries or illnesses.

What Figo Pet Insurance Doesn’t Cover

Figo, like any insurance provider, has exclusions. Notable among them are pre-existing conditions, breeding-related costs, experimental procedures, cosmetic surgeries like tail docking, cloning procedures, and supplements. It's worth noting Figo's decision not to offer accident-only plans, distinguishing it from some competitors.

Figo Waiting Periods for Coverage

Understanding waiting periods is crucial in pet insurance. Figo's waiting periods are relatively short; one day for accidents, 14 days for illnesses, and six months for hip dysplasia and orthopedic conditions, which can be waived with a vet-signed waiver.

Figo Pet Insurance Add-Ons (Revisited)

Figo's add-ons provide a deeper layer of customization. "Powerup: Wellness" covers routine vet expenses, "Powerup: Extra Care Pack" addresses unique expenses, and "Powerup: Veterinary Exam Fees" specifically covers exam and consultation fees.

Figo Pet Insurance Coverage Levels

Figo offers flexibility in coverage levels. Pet owners can choose from three maximum annual limit options ($5,000, $10,000, and Unlimited), deductible options ranging from $100 to $750, and reimbursement levels of 70%, 80%, 90%, or 100%.

How Much Does Pet Insurance from Figo Cost?

Figo's cost analysis reveals an average of $44 per month for $5,000 in annual coverage, a $250 deductible, and 80% reimbursement. Costs vary by breed, showcasing Figo's commitment to accommodating diverse pet needs.

How to Save Money on Figo Pet Insurance

Figo incentivizes multi-pet insurance with a 5% discount. However, the discount remains static regardless of the number of pets added. Figo's focus is on cats and dogs exclusively.

Figo Pet Insurance Availability

Figo's availability extends to all 50 states, ensuring a broad reach for pet owners seeking coverage.

How Does Figo Pet Insurance Compare to Other Pet Insurance Companies?

Comparisons with other providers highlight Figo's strengths, such as a short waiting period for accidents. The comprehensive table breaks down key aspects, including waiting periods, coverage details, and additional features, pitting Figo against Healthy Paws, Pets Best, Spot, and Trupanion.

About Figo Pet Insurance

Figo's underwriting involves Independence American Insurance, Markel American Insurance, and Markel Insurance. Beyond insurance, Figo provides a comprehensive Pet Cloud app for organizing pet records, appointments, and accessing 24/7 veterinary support.

Figo Pet Insurance FAQ

Answers to common questions confirm Figo's flexibility, allowing multiple pets under separate policies, earning a 4 out of 5-star rating, and collaborating with any licensed veterinarian globally.

In conclusion, Figo Pet Insurance stands out for its comprehensive coverage, customizable add-ons, and competitive pricing. Its waiting periods, coverage levels, and additional features position it favorably within the pet insurance landscape.

Figo Pet Insurance Review 2023 (2024)
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