Lemonade vs. Figo Pet Insurance

Lemonade ranks as the better pet insurance choice for both dog and cat owners, claiming the top overall spot nationally in MoneyGeek's analysis compared to Figo's eighth-place ranking. While Lemonade wins in most categories, your best option may change based on what matters most to you:

• Affordability: Lemonade beats Figo with lower premiums for dogs and cats. Dog owners get the best rates in the industry, while cat owners save with Lemonade's third-place affordability ranking.
• Coverage: Figo wins against Lemonade with its fifth-place coverage ranking. Figo offers more comprehensive policy options, though this comes at a higher cost.
• Customer Experience: Lemonade outperforms Figo with its third-place customer service rating. Pet owners get faster claim processing and better support through Lemonade's digital-first platform.

Learn more about the best pet insurance options for your pet across different situations:

Lemonade consistently outperforms Figo regardless of your location or pet type, ranking as the best pet insurance company in all 50 states.

Lemonade beats Figo across all age categories for dogs and cats, making it the cheaper option regardless of your pet's life stage. Senior cat owners save the most, with Lemonade costing 69% less than Figo. Senior dog owners also see substantial savings at 67% less compared to Figo.

See how much pet insurance costs across different age categories below.

Lemonade offers the cheapest pet insurance in all 50 states compared to Figo, making it the more affordable choice regardless of where you live. This cost advantage holds true across all age groups, from kittens and puppies to senior pets.

Lemonade and Figo both offer three pet insurance discounts, with identical 5% savings when you insure multiple pets. Lemonade wins for bundling options with 10% off when combined with other insurance policies, plus 5% for annual payments. Figo caters to specific groups with 5% military discounts and 15% savings for Costco members.

Lemonade offers better customer service for dog and cat owners, leading ahead of Figo by four spots in our analysis. Lemonade earns higher ratings on Trustpilot (3.9 versus 3.7 out of 5.0) and the Better Business Bureau (B- versus B). The company also holds a stronger positive sentiment on Reddit (72% versus 17%).

Figo's pet insurance coverage is more comprehensive than Lemonade's, ranking fifth nationally, while Lemonade is behind by one spot. Figo offers unlimited coverage and up to 100% reimbursement, which Lemonade lacks. Figo's waiting period for accidents is also one day shorter than Lemonade's, plus it has no upper age limits, whereas Lemonade only insures pets up to 14 years old, depending on the breed.

Coverage varies by state and policy terms. Always review your specific policy documents to understand exact coverage terms, exclusions and limitations.

If you’re looking to extend your base coverage for maximum financial protection, both Lemonade and Figo provide optional add-ons that help with routine care, vet exam fees and physical therapy, though Lemonade has more offerings than Figo.

• Routine Vet Care package: Covers one wellness exam, three vaccinations, blood tests, parasite testing and heartworm testing.
• Routine Vet Care Plus: Features unlimited wellness exams and vaccines, plus Life Essentials coverage, which includes spay/neuter procedure, heartworm/flea/tick prevention medication, deworming, nail trimming, joint and organ screening, genetic testing, and preventative x-rays and ultrasounds.
• Preventative+ Care package: Includes all Preventative Care benefits plus routine dental cleaning and heartworm treatment or flea/tick medication.
• Puppy/Kitten Preventative Care package: Provides coverage for two wellness exams, up to six vaccines, heartworm or flea/tick medication, spay/neuter procedure and microchip.
• Vet Visit Fees add-on: Reimburses veterinarian examination fees for accidents and illnesses that are charged separately from treatment costs.
• Physical Therapy add-on: Provides reimbursement for acupuncture, chiropractic care, hydrotherapy and physical therapy related to eligible accidents or illnesses.
• Dental Illness add-on: Covers dental procedures like tooth extractions, root canals and treatments for gingivitis and periodontal disease.
• Behavioral Conditions add-on: Covers diagnostics, therapy sessions and training sessions for behavioral issues like separation anxiety, phobias and aggressive behaviors when administered by licensed professionals.
• End-of-life and Remembrance add-on: Provides coverage for vet-recommended euthanasia, cremation and memorial items.

• Wellness and Preventative Coverage: Covers routine exams, vaccines, blood tests, dental cleaning, spay/neuter, microchipping, and parasite prevention, depending on the specific tier selected.
• Veterinary Exam Fees for Accident and Illness Visits: Helps cover the vet’s examination or consultation fee for covered accidents or illnesses.
• Extra Care Pack: Reimburses the costs of advertising and reward for lost pet, boarding fees, vacation cancellation, third-party property damage liability and final respects (cremation/burial) services.
• Alternative Care, Rehabilitation and Physical Therapy Riders: Provides coverage for behavioral consultations, alternative therapies, rehabilitation or physical therapy.

Lemonade offers better pet insurance than Figo overall, particularly excelling in affordability and customer experience. Lemonade's rates start at $45 per month for middle-aged dogs and $22 for cats, making it the more budget-friendly choice across all pet ages. It also has excellent customer service, earning higher Trustpilot and BBB ratings for its fast claim processing and instant reimbursements. However, Figo provides more comprehensive coverage, featuring unlimited payouts, up to 100% reimbursement and shorter waiting period for accidents.

Compare other major pet insurance companies to determine the best choice for your pet:

Compare Lemonade and Figo pet insurance through these common questions: