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 in New Mexico for Your Pet
Most plans include coverage for exam fees for covered accidents and illnesses
No age limitations for pet insurance
Several deductible options
Just two annual limit options available
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 in New Mexico: Unlimited Coverage
Covers acupuncture and chiropractic treatments
Covers hydrotherapy, cold laser and physical therapy
Optional coverage for routine care
Preventive and elective procedures are not covered.
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 in New Mexico: Affordable Coverage
Prosthetic devices and wheelchairs may be covered
Coverage extends if you travel nationwide, to Canada or Puerto Rico
Most plans covered wide range of prescription medications
Herbal, holistic, and experimental therapies and medications are not covered
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 Company in New Mexico: Multiple Pets
Multi-pet discount of 5%
Microchip coverage optional
Chronic conditions covered over multiple year
Bilateral conditions not covered
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 in New Mexico: Cats
No upper age limits
Hip dysplasia covered, without additional caps or age limits
3 flexible plans for illness and injury
24/7 live vet chat
Exam and consult fees coverage is optional
Does not cover routine wellness or preventive care
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.
Best Pets Insurance in New Mexico Ranking Summary
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- RankingWinnerAvg. Monthly Cost
- OverallPets Best$23
- Unlimited CoveragePets Best$29
- Affordable CoveragePets Best$17
- Multiple PetsPets Best$20
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.
Average Monthly Cost of Pet Insurance in New Mexico
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- Pet Insurance Policy$5k Coverage$10k CoverageUnlimited
- Average Cost for a Dog$27$48$48
- Average Cost for a Cat$15$24$32
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.
Cheapest Pet Insurance in New Mexico by Coverage Level
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- Maximum Policy CoverageWinner: Cheapest PolicyAvg Cost
- $5,000Pets Best$17
- UnlimitedPets 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%.
Cheapest Low Coverage: $5k Annual Maximum / 80% / $500 Deductible
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- Pet Insurance CompanyLow Coverage Monthly Cost
- Pets Best$17
- Pet Plan$22
Cheapest Average Coverage: $10k Annual Maximum / 80% / $250 Deductible
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- Pet Insurance CompanyAverage Coverage Monthly Cost
Cheapest Unlimited Coverage: Unlimited Maximum / 90% / $250 Deductible
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- Pet Insurance CompanyUnlimited Coverage Monthly Cost
- Pets Best$29
- Healthy Paws$40
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.
Best Cheap Pet Insurance Companies by City
- CityCoverage Level and Average Monthly Rate
- Albuquerque$5k: Pets Best, $17
$10k: Figo, $30
Unlimited: Pets Best, $30
- Las Cruces$5k: Pets Best, $16
$10k: Figo, $27
Unlimited: Pets Best, $27
- Rio Rancho$5k: Pets Best, $17
$10k: Figo, $30
Unlimited: Pets Best, $30
MoneyGeek used city-based data in New Mexico by gathering quotes for $10k coverage, 80% reimbursement, and $250 deductible for a 1-year-old Goldendoodle.
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.
Annual reimbursement limits
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.
A deductible is the amount you have to pay first before your insurance kicks in. A lower deductible will save you money in premiums.
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.
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.
The cost of pet insurance rises with your pet’s age. This is because many pets develop health problems as they become older.
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.
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
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
- Care Credit. "Average Costs: Veterinary Care." Accessed December 18, 2021.
- Canine Journal. "How Much Does a Vet Visit Cost? List of Common Expenses." Accessed December 18, 2021.
- AVMA. "AVMA Pet Ownership and Demographic Sourcebook." Accessed December 18, 2021.