Compare the best lifetime pet insurance

10 min Read Published: 24 Feb 2021

the best lifetime pet insurance

Pet insurance is an insurance policy designed to cover the costs of veterinary fees should your pet become ill or injured. There are four main types of pet insurance and in this article, we take a look at lifetime pet insurance which is the most comprehensive pet insurance policy for your pets. We also take a look at the best lifetime pet insurance providers as well as how much a lifetime policy costs.

What is lifetime pet insurance?

Lifetime pet insurance is the most comprehensive pet insurance policy for your pet as it offers the most vet fee cover for the longest period of time. Lifetime pet insurance works in four different ways, annual limit, annual limit per condition, lifetime limit and lifetime limit per condition. The most popular types of lifetime pet insurance are annual limit and annual limit per condition. 

  • Annual limit - this type of lifetime pet insurance insures your pet for a set limit per year. For example, if your pet is insured up to £15,000 per year, you can claim for multiple conditions up to the total limit of £15,000. Once the limit has been reached any additional treatment will need to be self-funded until the limit renews the following policy year. 
  • Annual limit per condition - this type of lifetime pet insurance insures your pet for a set amount, per condition, per year. For example, your pet may be insured for £6,000 per condition per year which means that you can claim for multiple conditions up to the limit of £6,000 per year and the limit will then reset the following policy year. 
  • Lifetime limit - this type of lifetime pet insurance insures your pet for a set amount for the duration of your pet's life. For example, your pet may be insured for £30,000 across the policy. This means that you can claim for multiple conditions throughout the policy until the limit is reached. Once it has been reached any further treatment will need to be self-funded. 
  • Lifetime limit per condition - this type of lifetime pet insurance insures your pet for a set amount per condition for the duration of your pet's life. For example, your pet may be insured up to £10,000 per condition for the duration of the policy. This means that you can claim up to £10,000 per condition (e.g arthritis) for the duration of the policy or your pet's life. Once the limit has been reached any further treatment for that condition will need to be self-funded, but you can claim up to the £10,000 limit for another condition.

For more information on lifetime pet insurance and how it works read our article "Lifetime pet insurance explained".

The best lifetime pet insurance policies

There are numerous lifetime pet insurance policies available but in the below comparison table we compare 7 of the leading lifetime pet insurance providers. If you would like to find out more about each of the providers you can read our independent reviews by clicking on the review section of the table.

Lifetime pet insurance feature comparison

(scroll to view the full table)

Bought by Many Animal Friends Waggel Petplan Scratch & Patch Agria
The Insurance Emporium
Excess £0/£69/£99 £99 £0 - £250 £110 dogs
£95 cats
£75
£105/£170 plus 10% co-payment
£105/£170 plus 10% co-payment
Number of lifetime policies offered by insurer 5 5 6 3 3 2 3
Lifetime pet insurance type Annual limit

Choose between Annual limit per condition or Annual limit

Annual limit Annual limit Annual limit Annual limit
Annual limit per condition
Maximum vet fee cover (depending on which lifetime policy you choose) Up to £15,000 per year Up to £6,000 per condition or up to £5,000 per year Up to £10,000 per year Up to £12,000 per year Up to £8,000 per year Up to £12,500 per year
Up to £8,000 per condition per year
Death cover
Loss of pet cover
Holiday cancellation
Third-party liability
Multi-pet discount 15% discount £12 per year per pet 10% discount 5% discount 10% discount
Video vet calls
Best for... Multi-pet discount Vet video calls Exclusive member benefits Paying out claims Pre-existing conditions Breeders Senior pets
More information Bought by Many review Animal Friends review Waggel review Petplan review Scratch & Patch review  Agria review The Insurance Emporium review

 

How much does lifetime pet insurance cost?

The cost of pet insurance varies depending on the age, breed and type of your pet. Pedigree pets are usually more expensive to insure as they are more susceptible to illnesses and conditions than mixed or crossbreed pets. The level of cover you choose and where you live will also affect the cost of your pet insurance.

Below, we compare the most comprehensive lifetime policies from 7 of the most popular pet insurance providers. The quotes are based on a 6-month-old medium-sized male mixed-breed dog with no underlying health conditions and living in a South East postcode. As some of the policies have the option to choose the excess on the policy, to make the comparison as fair as possible, the following excesses have been chosen:

  • £99 - Bought by Many policy
  • £105 - Agria policy
  • £100 - Waggel policy

Lifetime pet insurance cost comparison

A comparison between the most comprehensive pet insurance policies from 7 of the leading lifetime pet insurance providers.

Bought by Many Animal Friends Waggel Petplan Scratch & Patch Agria
The Insurance Emporium
Excess* £99 £99 £100 £110 £75 £105 plus 10% co-payment
£115 plus 5% co-payment
Policy name Complete Prestige Lifetime Covered for life Premier Plus Lifetime Plus Lifetime Gold
Lifetime Policy type Annual limit Annual limit per condition Annual limit Annual limit Annual limit Annual Limit Annual limit per condition
Vet fee cover £15,000 per year £6,000 per condition per year £10,000 per year £12,000 per year £8,000 per year £12,500 per year
£8,000 per condition per year
Monthly Cost £31.01 £23.34 £35.19 £59.23 £37.04 £46.42 £24.73

(Quotes correct as of 23/2/21)

*The excess chosen on the policies is the excess amount closest to £100 as this is the average excess across all of the policies in the table.

For more information on pet insurance and how much it costs read our article "How much does pet insurance cost?"

Pros and cons of lifetime pet insurance

Pros

  • Most comprehensive pet insurance policy 
  • Covers lifelong and chronic conditions

Cons

  • One of the more expensive pet insurance policies 
  • If you claim, you are unlikely to be covered for the condition by another policy

Alternatives

Lifetime pet insurance is the most comprehensive pet insurance policy but there are other types of pet insurance available which you may prefer for your pet.

Maximum benefit pet insurance

Maximum benefit pet insurance insures your pet for a maximum amount per condition for the duration of your policy. Once the limit has been reached you will have to self-fund any further treatment. For more information on maximum benefit pet insurance read our article "Maximum benefit pet insurance explained".

Time-limited pet insurance

Time-limited pet insurance insures your pet for a set amount per condition or for a set period of time (usually 12 months) from the onset of the condition or from the first date of treatment. For more information on time-limited pet insurance read our article "Time-limited pet insurance explained".

Accident-Only

Accident-only pet insurances insures your pet for veterinary treatment for injuries from accidents. Your pet is not insured for any treatment due to illness. For more information on accident-only pet insurance read our article "Accident-only pet insurance explained".

Public liability only (dogs only)

Whilst this type of insurance does not cover the cost of any vet fees it will insure your dog if it damages property or injures a person. It usually includes legal cover which will help cover the costs if you are sued due to the damage your pet has caused.

If you want to know more about the different types of pet insurance read our article "What are the different types of pet insurance?"

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