Are you a proud pet owner looking for a reliable and comprehensive insurance plan for your furry friend? Look no further than Geico Pet Insurance! In partnership with Embrace, Geico offers pet insurance policies that provide extensive coverage for your beloved pets. In this article, we will delve into the details of Geico Pet Insurance, including coverage options, costs, and customer reviews.
Our Thoughts on Geico Pet Insurance
Geico Pet Insurance, assessed using the MarketWatch Guides team’s pet insurance methodology, earned an outstanding rating of 4.7 out of 5 stars. This makes it our top pick for Geico members. Geico partners with Embrace and Trupanion to offer policies in all 50 U.S. states. However, our research shows that Geico primarily offers policies through Embrace. While Geico offers no additional discounts through Embrace, except for the standard multi-pet discount, Embrace policies are highly rated for customer experience, covered treatments, waiting periods, and eligible age limits. However, it is important to note that Embrace policies are relatively more expensive compared to the industry average, and Geico has received lower ratings on Trustpilot and the Better Business Bureau (BBB) for its suite of insurance products.
If you are a Geico policyholder and trust the provider’s partnership with Embrace, it may be worth getting a quote from the company. However, keep in mind that no additional discounts are offered for being a Geico member. Therefore, it is beneficial to explore quotes from other providers to find the right policy that suits both your pet’s needs and your budget.
How Geico Pet Insurance Scored in Our Methodology
Geico partners with Embrace to offer pet insurance, and it scored an impressive 4.7 out of 5 stars in our comprehensive review. Geico received the maximum points in all sections of our methodology, except for cost and reputation.
What Does Geico Pet Insurance Cover?
Geico, in partnership with Embrace, provides pet owners with accident and illness as well as accident-only plans. Additionally, they offer various add-on coverages such as exam fees, prescription drugs, and wellness coverage. Embrace offers clear and detailed explanations of their coverage, making it easier for pet owners to decide if an Embrace plan is the right choice for their pets.
If you opt for an accident and illness plan, you have the flexibility to customize your deductible, annual limit, and reimbursement rate. However, please note that accident and illness plans are only available for dogs and cats 14 years of age and younger. For senior pets aged 15 years or older, you can purchase an accident-only plan that covers accidents but not illnesses or chronic conditions.
Geico Pet Insurance Optional Add-On Coverage
Geico also offers optional add-on coverages through Embrace. These include wellness rewards, exam fee coverage, and prescription drug add-ons. The exam fee coverage includes all fees associated with accidents and illnesses, depending on your plan. The prescription drug coverage reimburses you for vet-prescribed medications used to manage and treat covered conditions.
Wellness Rewards for Routine Care
Embrace’s Wellness Rewards program provides reimbursement for routine veterinary, training, and grooming services. The program offers different benefit amounts, ranging from $250 to $650, with the cost varying accordingly. However, it is worth noting that the additional benefits received are slightly higher than the premiums paid. Nonetheless, the coverage acts as an interest-free loan that can be used immediately.
How Much Does Geico Pet Insurance Cost?
The cost of your monthly premium for a Geico pet insurance policy through Embrace depends on various factors such as your location, pet’s size, breed, age, and health history. Based on our research, the average cost of a Geico pet insurance policy is approximately $64 per month for dogs and $33 per month for cats. However, it is important to consider that Embrace policies are slightly more expensive compared to the industry average. Geico and Embrace do not offer any discounts specific to their partnership. Therefore, if you are looking for a more budget-friendly and cost-effective pet insurance policy, it may be worthwhile to explore other providers and gather additional quotes.
Customizable Coverage Levels
Embrace makes it easy to customize coverage levels for your pets. For accident and illness policies, you can choose your deductible amount, reimbursement rate, and annual coverage limits. However, customization options are not available for accident-only plans.
Sign-Up, Claims Filing, and Payout Processes
Signing up for a Geico pet insurance policy through Embrace is a straightforward process. When you visit Geico’s pet insurance portal, you’ll be directed to Embrace’s quote tool. Geico does not offer any additional discounts beyond Embrace’s standard multi-pet discount. Filing a claim with Embrace can be done through their web portal, mobile app, email, fax, or mail. Claims are typically processed within 10 to 15 business days, and once approved, reimbursement is provided via check or direct deposit.
Geico Pet Insurance Waiting Periods and Age Restrictions
All pet insurance policies have waiting periods before policyholders can file a claim. Geico and Embrace require a 14-day waiting period for illnesses and a 48-hour waiting period for accidents. Additionally, there is a six-month waiting period for orthopedic conditions; however, this waiting period can be waived with a qualifying veterinarian exam. There are no age restrictions for policy enrollment through Embrace, but the type of policy available may vary based on your pet’s age.
What Customers Think About Geico Pet Insurance
Customer reviews are essential in understanding the overall satisfaction and experience with a pet insurance provider. Although Geico partners with Embrace to offer pet insurance, Embrace handles the administration of policies and customer service. Embrace has a rating of 3.2 out of 5 stars on the Better Business Bureau (BBB) and 4.2 out of 5 stars on Trustpilot.
Customers appreciate the easy claims filing process and quick reimbursement provided by Embrace. The company’s effective communication with policyholders and user-friendly website were also highlighted as positive aspects. However, some customers expressed concerns about long claims processing times, rate increases at renewal, and claim denials. It is important to note that Embrace covers 92% of all submitted claims, with pre-existing conditions being the primary reason for claim denials.
FAQs
Here are some frequently asked questions about Geico Pet Insurance:
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What is Geico Pet Insurance?
Geico Pet Insurance is a pet insurance policy offered through a partnership between Geico and Embrace. It provides coverage for accidents, illnesses, and optional add-ons. -
How much does Geico Pet Insurance cost?
The monthly cost of Geico Pet Insurance varies based on factors such as location, pet’s size, breed, age, and health history. On average, it is approximately $64 per month for dogs and $33 for cats. -
Can I customize my Geico Pet Insurance policy?
Yes, Embrace allows customization of deductibles, reimbursement rates, and annual coverage limits for accident and illness policies. -
How do I file a claim with Geico Pet Insurance?
Claims can be filed with Embrace through their web portal, mobile app, email, fax, or mail. The claims process typically takes 10 to 15 business days. -
Are there waiting periods for Geico Pet Insurance?
Yes, Geico and Embrace have waiting periods of 14 days for illnesses and 48 hours for accidents. There is also a six-month waiting period for orthopedic conditions.
Conclusion
Geico Pet Insurance, in partnership with Embrace, offers comprehensive coverage for your pets. With customizable options and add-on coverages, Geico ensures that you can find a policy that suits your pet’s needs and your budget. Although Embrace policies may be slightly more expensive, the ease of claims filing and positive customer reviews indicate that Geico Pet Insurance provides a reliable and satisfactory pet insurance experience. Consider getting a quote from Geico Pet Insurance to protect your furry friend today.
