Figo Pet Insurance Review 2024

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 of best 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.

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.

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.

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.

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
• $1,000
• $1,500

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%

Figo pet insurance costs an average of $38 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 $59 per month for unlimited coverage, a $250 deductible and 80% reimbursement level.

Examples of Figo Pet Insurance Cost by Dog Breed

Dog breed	Average cost per month
Beagle	$40
Bulldog	$74
Dachshund	$24
French bulldog	$63
German shepherd	$45
Golden retriever	$40
Labrador retriever	$45
Mixed breed (large)	$35
Mixed breed (medium)	$31
Mixed breed (small)	$26
Poodle	$35
Rottweiler	$73

Source: Petinsurer.com. Costs are based on $5,000 in annual coverage with a $250 deductible and 80% reimbursement level.

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Figo Pet Insurance Cost Comparison for Cats

Cat breed	Average cost per month
Abyssinian	$21
Bengal	$21
Bombay	$21
British shorthair	$21
Exotic shorthair	$21
Maine coon	$21
Mixed breed	$18
Persian	$21
Ragdoll	$21
Siamese	$21

Source: Petinsurer.com. Costs are based on $5,000 in annual coverage with a $250 deductible and 80% reimbursement level.

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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 is available in all 50 states.

Company	Company - Logo	Forbes Advisor Rating	Forbes Advisor Rating	Reimbursement Choices	Deductible Choices	Learn More CTA text	Learn more CTA below text	View More
Pets Best		5.0		70%, 80%, 90%	$50, $100, $200, $250, $500, $1,000	Compare Plans	Via PetInsurer.com's Secure Website
Embrace		4.5		70%, 80%, 90%	$100, $250, $500, $750, $1,000	Compare Plans	Via PetInsurer.com's Secure Website
Paw Protect		4.5		70%, 80%, 90%	$100, $250, $500	Compare Plans	Via PetInsurer.com's Secure Website
Fetch		4.0		70%, 80%, 90%	$300, $500, $700	Compare Plans	Via PetInsurer.com's Secure Website
Figo		4.0		70%, 80%, 90%, 100%	$100, $250, $500, $750, $1,000, $1,500	Compare Plans	Via PetInsurer.com's Secure Website
Healthy Paws		4.0		50%, 60%, 70%, 80%, 90%	$100, $250, $500, $750, $1,000	Compare Plans	Via PetInsurer.com's Secure Website
Lemonade		4.0		70%, 80%, 90%	$100, $250, $500, $750	Compare Plans	Via PetInsurer.com's Secure Website
Spot		4.0		70%, 80%, 90%	$100, $250, $500, $750, $1,000	Compare Plans	Via PetInsurer.com's Secure Website

Reimbursement and deductible choices may vary by state.

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 details	Figo pet insurance	Healthy Paws pet insurance
Forbes Advisor rating
Accident coverage waiting period	1 day	15 days
Illness coverage waiting period	14 days	15 days
Special waiting periods	6 months for hip dysplasia and orthopedic conditions	12 months for hip dysplasia; coverage for hip dysplasia not available for pets age six or older at time of enrollment
Pays for the vet exam fee?	Yes, if you purchase the Veterinary Exam Fees Powerup	No
Optional wellness plan available?	Yes	No
24/7 vet helpline available?	Yes	Yes

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Figo Pet Insurance vs. Pets Best Pet Insurance

Rating and coverage details	Figo pet insurance	Pets Best pet insurance
Forbes Advisor rating
Accident coverage waiting period	1 day	3 days
Illness coverage waiting period	14 days	14 days
Special waiting periods	6 months for hip dysplasia and orthopedic conditions	6 months for cruciate ligaments, 14 days for hip dysplasia
Pays for the vet exam fee?	Yes, if you purchase the Veterinary Exam Fees Powerup	Included
Optional wellness plan available?	Yes	Yes
24/7 vet helpline available?	Yes	Yes

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Figo Pet Insurance vs. Spot Pet Insurance

Rating and coverage details	Figo pet insurance	Spot pet insurance
Forbes Advisor rating
Accident coverage waiting period	1 day	14 days
Illness coverage waiting period	14 days	14 days
Special waiting periods	6 months for hip dysplasia and orthopedic conditions	None
Pays for the vet exam fee?	Yes, if you purchase the Veterinary Exam Fees Powerup	Yes
Optional wellness plan available?	Yes	Yes
24/7 vet helpline available?	Yes	Yes

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Figo Pet Insurance vs. Trupanion Pet Insurance

Rating and coverage details	Figo pet insurance	Trupanion pet insurance
Forbes Advisor rating		N/A
Accident coverage waiting period	1 day	5 days
Illness coverage waiting period	14 days	30 days
Special waiting periods	6 months for hip dysplasia and orthopedic conditions	None
Pays for the vet exam fee?	Yes, if you purchase the Veterinary Exam Fees Powerup	No
Optional wellness plan available?	Yes	No
24/7 vet helpline available?	Yes	No

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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.

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 medium sized mixed breed dogs age 3 months, 2 years, 5 years and 7 years for plans with unlimited coverage, a $250 deductible and a 80% 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.