Pet Insurance in New Mexico: Compare the Best Pet Insurance Companies and Most Affordable Quotes


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Updated: September 26, 2024

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Finding the best pet insurance companies in New Mexico can be challenging if you’re not familiar with the different options available and how they measure up against each other. Fortunately, we’ve done the research to help you make an informed decision about which companies offer the best coverage in terms of cost and policy features.

We collected data on pet insurance quotes in New Mexico's top cities, including Albuquerque, Las Cruces and Rio Rancho, in order to help you find the most affordable policy that meets your budget and your pet’s needs.

The Best Pet Insurance Companies in New Mexico

MoneyGeek researched thousands of quotations in New Mexico, including policy and coverage details, to discover the best pet insurance carriers in the state. We selected the best pet insurance companies based on affordability and product offerings.

Pet insurance costs will vary depending on your pet’s breed and age, the coverage you select and even where you live. Shopping around for quotes from several companies before making a decision will give you the confidence you need that you're purchasing the best pet insurance.

Best Overall Pet Insurance for Your Pet

Pets Best

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Most plans include coverage for exam fees for covered accidents and illnesses

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No age limitations for pet insurance

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Several deductible options

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Just two annual limit options available

COMPANY HIGHLIGHTS

MoneyGeek's top pick for the overall best pet insurance company in New Mexico is Pets Best. Pets Best insurance coverage covers accidents and illnesses. In addition, the insurer offers optional routine wellness coverage as well as customized coverage options. Pets Best charges an average of $22.77 per month for pet insurance.

There are two annual coverage options ($5,000 and unlimited), and deductible options range from $50 to $1,000. The company offers a mobile app for Android and iOS devices for online claim submissions, and their Vet Direct Pay allows you to have Pets Best pay your veterinarian directly.

Pets Best offers accident-only insurance for pet owners on a budget who want coverage for their pets in the event of an emergency. Accident-only coverage for cats costs on average $6 per month, and for dogs, it’s $9 per month for all ages and breeds. The accident-only plan has a $10,000 maximum annual payment, a $250 annual deductible and a 90% reimbursement rate.

Best Pet Insurance Company: Unlimited Coverage

Pets Best

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Covers acupuncture and chiropractic treatments

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Covers hydrotherapy, cold laser and physical therapy

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Optional coverage for routine care

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Preventive and elective procedures are not covered.

COMPANY HIGHLIGHTS

MoneyGeek’s choice of best pet insurance in New Mexico for unlimited coverage is Pets Best. The average cost of coverage with an unlimited annual maximum is $28.81 per month. While unlimited is more costly than lower coverage alternatives, it does mean that you are financially protected no matter how much the vet bills are for emergency care or treatment of any covered illness or condition.

Pets Best accident and illness plans are comprehensive. Coverage for accidents includes broken bones and lacerations and foreign object ingestion, resulting in surgery. Everything from cancer and diabetes to arthritis, allergies, and urinary tract infections is covered for illnesses. Additionally, hereditary and congenital conditions, as well as ongoing and chronic conditions, are covered.

While parasite testing, treatment and prevention are not covered under the accident and illness plans, limited coverage is available with an optional plan.

Best Pet Insurance Company: Affordable Coverage

Pets Best

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Prosthetic devices and wheelchairs may be covered

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Coverage extends if you travel nationwide, to Canada or Puerto Rico

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Most plans covered wide range of prescription medications

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Herbal, holistic, and experimental therapies and medications are not covered

COMPANY HIGHLIGHTS

For the most affordable pet insurance provider in New Mexico, Pets Best is again our top choice. It costs $16.73 per month on average to insure one pet with Pets Best. To help pet owners save more on insurance premiums, Pets Best offers customized coverage options. For example, you can exclude exam fees, acupuncture and prescription medication coverage from your plan to make it more affordable.

Accidents, illnesses, chronic conditions, cancer, hereditary and congenital issues, as well as emergency medical care, are all covered by Pets Best's accident and illness plans. Diagnostics like bloodwork and X-rays are covered too, as are behavioral consults.

Best Pet Insurance with Multiple Pets

Pets Best

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Multi-pet discount of 5%

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Microchip coverage optional

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Chronic conditions covered over multiple year

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Bilateral conditions not covered

COMPANY HIGHLIGHTS

Pets Best is again MoneyGeek's top pick when it comes to affordable coverage for multiple pets in New Mexico, at an average cost of $20.49 per month. The insurer offers a 5% discount when you enroll more than one pet in their insurance plans.

In addition to comprehensive pet insurance coverage for emergencies and illness, Pets Best specifically covers cancer treatments, including blood work, MRIs, surgery, medication, and chemotherapy. Their plans also cover pre-anesthesia tests, which veterinarians typically require before your pet’s surgery.

Elective and preventive procedures are not covered. These procedures include anal gland expression and removal, nail trimming and dewclaw removal.

Best Pet Insurance Company: Cats

Figo

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No upper age limits

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Hip dysplasia covered, without additional caps or age limits

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3 flexible plans for illness and injury

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24/7 live vet chat

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Exam and consult fees coverage is optional

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Does not cover routine wellness or preventive care

COMPANY HIGHLIGHTS

In New Mexico, Figo is MoneyGeek's top recommendation for cat insurance. Cats insurance costs an average of $14.90 per month. Figo offers annual coverage maximums of $5,000, $10,000 and unlimited, with deductibles ranging from $100 to $750, and reimbursement percentages of 70%, 80%, 90% and 100%.

Figo’s comprehensive pet insurance covers chronic and hereditary conditions, cancer treatment, diagnosis, surgeries, emergency visits and hospitalizations, prescriptions, imaging, prosthetics and orthopedics.

While Figo does not cover dental prevention treatments such as routine cleaning, it does cover non-routine dental when related to a dental injury or illness. However, that coverage only kicks in if veterinarian-recommended dental care has been provided and no history of periodontal disease exists.

Ranking
Winner
Avg. Monthly Cost

Overall

Pets Best

$23

Unlimited Coverage

Pets Best

$29

Affordable Coverage

Pets Best

$17

Multiple Pets

Pets Best

$20

Cats

Figo

$15

What Is the Average Cost of Pet Insurance Cost for Dogs and Cats in New Mexico?

Several factors impact the cost of pet insurance in New Mexico, including the level of coverage you choose, your pet's breed and age, and even your zip code. On average, dog insurance costs $27.22 per month for $5,000 in coverage per year, $48.39 per month for a $10,000 coverage limit and $47.58 per month for unlimited coverage. Cats are typically less expensive to insure. On average, cat insurance typically costs $14.90 per month for a $5,000 coverage limit, $24.35 per month for a $10,000 coverage limit and $32.23 per month for unlimited coverage.

Pet Insurance Policy
$5k Coverage
$10k Coverage
Unlimited

Average Cost for a Dog

$27

$48

$48

Average Cost for a Cat

$15

$24

$32

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HOW MUCH PET INSURANCE DO YOU NEED?

MoneyGeek recommends $3k to $8k in coverage for the typical New Mexico pet owner, with at least an 80% reimbursement rate. With this coverage limit, you’ll be protected financially from paying most emergency vet bills out-of-pocket while still being able to have medical care provided at a relatively affordable premium.

Compare the Cheapest Pet Insurance Quotes in New Mexico

Pet insurance plans differ from one provider to the next. MoneyGeek wants to help New Mexico pet owners understand the standard options that most insurers provide. Here are a few examples:

  • Annual reimbursement limits: range from $3,000 to unlimited
  • Deductible: $250 to $500, but companies often have higher or lower options
  • Bill reimbursement percentage: typically 70-90%

To minimize their monthly expenses or because they do not believe they need as much insurance coverage for their furry friend, some New Mexico pet owners may choose to purchase less costly policies with lower levels of coverage. Others may prefer high coverage levels to protect themselves financially. This kind of insurance is quite a bit more expensive, and the average pet owner may not want "unlimited" protection, but it does ensure the highest level of protection and peace of mind. MoneyGeek generally recommends that pet insurance buyers in New Mexico choose the average coverage amount given in the table below.

Maximum Policy Coverage
Winner: Cheapest Policy
Avg Cost

$5,000

Pets Best

$17

$10,000

Figo

$29

Unlimited

Pets Best

$29

To save money on pet insurance, consider choosing a low annual maximum coverage, a high deductible and a low minimal reimbursement. The following are New Mexico pet insurance plans with maximum coverage limits of $5,000, $500 deductibles and reimbursement rates of 80%.

Pet Insurance Company
Low Coverage Monthly Cost

Pets Best

$17

Figo

$19

Pet Plan

$22

Hartville

$26

ASPCA

$26

Spot

$26

Embrace

$34

24 Pet Watch

$41

Pet Insurance Company
Average Coverage Monthly Cost

Figo

$29

GEICO

$48

Embrace

$48

ASPCA

$49

Hartville

$49

Spot

$49

Nationwide

$52

Pumpkin

$55

24 Pet Watch

$57

Pet Insurance Company
Unlimited Coverage Monthly Cost

Pets Best

$29

Healthy Paws

$40

Trupanion

$40

Figo

$41

Pet Plan

$57

Spot

$78

The Best Cheap Pet Insurance by City in New Mexico

When it comes to the cost of your pet's insurance, where you live is just as crucial as your pet's age and breed. This is because medical treatment may be more expensive where you reside.

The cost of living is higher in some New Mexico cities than others, which raises the cost of veterinary care and insurance premiums. Further, certain cities may be riskier for your pets due to adverse weather, traffic congestion or other circumstances. As a result, your insurance premiums may be higher. Of course, the insurance plan itself and the level of coverage you choose will also affect the amount you pay for pet insurance.

City
Coverage Level and Average Monthly Rate

Albuquerque

$5k: Pets Best, $17 Unlimited: Pets Best, $30 $10k: Figo, $30

Las Cruces

$5k: Pets Best, $16 Unlimited: Pets Best, $27 $10k: Figo, $27

Rio Rancho

$5k: Pets Best, $17 Unlimited: Pets Best, $30 $10k: Figo, $30

What Factors Impact Pet Insurance Cost in New Mexico?

Several factors impact the cost of pet insurance in New Mexico, such as the pet's breed and age, policy specifics and where you live. Most New Mexico insurers enable you to customize your coverage to what works best for you and your furry friend.

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    Annual reimbursement limit

    Your annual limit is how much your insurance company will pay in one year for veterinary care. In New Mexico, annual coverage typically ranges from $3,000 to unlimited.

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    Deductible

    A deductible is the amount you have to pay first before your insurance kicks in. A lower deductible will save you money in premiums.

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    Bill reimbursement percentage

    The reimbursement rate is the proportion of qualified expenses covered by your insurance company, once you’ve paid the deductible. Most pet insurance plans cover between 70%-90%. The lower your reimbursement percentage, the less your premium will be.

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    Breed

    Your pet's breed influences the cost of your pet insurance. Premiums for larger breeds are higher. Cats are cheaper to insure than dogs, and breeds with congenital issues cost more to insure.

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    Animal age

    The cost of pet insurance rises with your pet’s age. This is because many pets develop health problems as they become older.

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    Location

    Where you live impacts the cost of your pet insurance. The cost of living, traffic and weather-related risks all have a role in the price of insurance in a given location.

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    Multi-pet discount

    Small discounts of 5%-10% are available from most companies if you have more than one pet insured with them.

FAQ’s About Pet Insurance in New Mexico

Is pet insurance in New Mexico worth it?
Which company has the cheapest pet insurance in New Mexico?
What is the cost of pet insurance in New Mexico?
What are the best pet insurance companies in New Mexico?

MoneyGeek's Rating Methodology for Pet Insurance

MoneyGeek believes that data helps us make better financial decisions. For pet insurance, our data team collected thousands of pet insurance quotes across the 13 largest providers to ensure you find the most affordable policy to meet your budget and your pet's needs.

To determine the best pet insurance companies in New Mexico, MoneyGeek analyzed each company’s product offerings and costs. For the MoneyGeek rating score, we weighted affordability by coverage level at 50% and our 24 qualitative research policy option data points at 50%.

To determine the cheapest pet insurance companies in New Mexico and to determine our affordability scores for our best rankings, MoneyGeek gathered quotes by company across many zip codes in the state for four pet types with the following coverage levels:

  • Low Coverage: $5,000 Coverage, $500 Deductible, 80% reimbursement
  • Average Coverage: $10,000 Coverage, $250 Deductible, 80% reimbursement
  • High Coverage: Unlimited Coverage, $250 Deductible, 90% reimbursement

About Mark Fitzpatrick


Mark Fitzpatrick headshot

Mark Fitzpatrick is a Licensed Property and Casualty Insurance Producer and MoneyGeek's Head of Insurance. He has analyzed the insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. He has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.

Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.


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