Best Cheap Pet Insurance 2024

Here is why Aon's HappyTails Pet Insurance is one of the best pet insurance in Singapore for dogs.

Aon's HappyTails plans provides the best value for the average dog owner who is looking for a combination of comprehensive coverage and competitive premiums. Aon's coverage expenses include chemotherapy, surgery, diagnostic testing, room and board and post-surgery follow-up treatment. Furthermore, Aon is the only pet insurer to provide lifetime coverage and cover certain hereditary and congenital conditions such as hip dysplasia, glaucoma, and Invertebral Disk Disease (IVDD). In addition to these unique benefits, the plans cost up to 60% less per year compared to similar plans on the market, making it a high value option as well. Furthermore, you can also earn up to a 15% no claims discount (NCD). Lastly, Aon's partnership with ZumVet provides even more savings as you get 1 free consultation to discuss any issue your pet may be facing or get prescribed medication that will be delivered right to your door.

There is a potential drawback however, which is that Aon does not insure very young pets. Unlike other insurers who will start insuring your pet from as young as 8 weeks, Aon requires pets to be at least 16 weeks to receive coverage. Furthermore, Aon does not provide theft coverage, so owners looking for this benefit may fare better with other pet insurers. Lastly, the co-insurance can go up to 40% depending on what age the dog is when you buy these plans, thus owners with dogs older than 6 may have to pay more out-of-pocket.

Here is why Aon's HappyTails Purrfect Pet Insurance is one of the best pet insurance in Singapore for cats.

Cat owners may find the most value out of Aon's HappyTails Purrfect plan. It has a $5,000 annual limit in aggregate that provides a $3,800 surgical limit—higher than any other pet insurance plan that offers cat coverage. You will receive expense coverage for your cat’s medically necessary surgeries which includes diagnostic tests, drugs, dressings and vet fees. Furthermore, you will receive up to S$1,200 of chemotherapy coverage and S$250,000 of third party liability coverage.

While its annual premium of S$261.86 for a typical domestic short-hair cat (subject to change due to age) can be 3 times more expensive than other cat insurance plans on the market, the coverage you get for the price can make it a better value option for cat owners prioritising medical coverage. Furthermore, you'll also save on a consultation fee with Aon's partnership with ZumVet, which provides 1 free consultation to discuss any issue your cat may be facing or get prescribed medication that will be delivered right to your door.

Here is why Liberty PetCare Insurance is one of the most comprehensive pet insurance in Singapore.

Pet owners without budgetary constraints may find Liberty's PetCare plans to be a good match. Though the plans are the priciest on the market, they are the only plans to offer both medical and accident coverage. Furthermore, all breeds of cats and dogs are covered, unlike some plans which may exclude certain breeds from coverage.

You can purchase this plan for pets as young as 8 weeks old (the youngest eligibility on the market), with coverage continuing until the pet turns 13 years old. In terms of coverage, all plans provide accidental death and injury, theft, surgical/non-surgical medical coverage. However, it is important to note that there is a 50% co-insurance for non-surgical medical bills and 30% co-insurance for surgical bills.

Here is why CIMB's My Paw Pal Pet Insurance is one of the cheapest pet insurance in Singapore.

CIMB's My Paw Pal plan may be a good option for pet owners on a budget. The plan costs S$74.90 per year, which is the cheapest on the market before taking into account the current 15% off promotion. My Paw Pal covers accidental death/injury, theft, and 3rd party liability coverage for cats and dogs. One thing to note is that while the plan is affordable, it does come with a 30% co-insurance for accidental injury treatment, which is higher than any other accidental injury co-insurance responsibility.

A particularly unique feature is that you can also purchase a couple of plan extensions if you want to customise your coverage. The first extension is a combination of medical expense and cremation/burial expense coverage of up to S$3,000. The second benefit is a S$1,500 theft benefit in case your dog gets stolen. However, while the theft add-on is fairly affordable, costing S$32.10, the medical add-on costs S$321 — about as much as other plans on the market. This means that if budget shoppers are not satisfied with the benefits included in the core plan, it may be better to seek a medical pet insurance plan with another insurer.

Here is why AIA PawSafe Pet Insurance is one of the best pet insurance in Singapore for accident and liability coverage.

Dog owners of common breeds looking for a cheap plan that protects against accidents and damages done to 3rd parties may find what they're looking for with AIA PawSafe. It is one of the cheapest dog insurance plans on the market, costing less than S$100 per year for both chipped and unchipped dogs. Furthermore, while CIMB's premiums technically cheaper, AIA's deductible is much lower, meaning owners will pay less overall than with CIMB for the same coverage. AIA's coverage includes accidental death and injury, dog theft and the highest 3rd party liability coverage on the market.

Unlike other pet insurance plans that focus on medical coverage, this plan may be of more use to dog owners who are looking mainly for accident expense coverage. This can make PawSafe a good choice for healthy, but potentially unruly, dogs that may be at risk for getting into accidents.

However, while this plan can be a good option for pet owners looking for liability and theft coverage, it may not be a good option for pet owners who want medical expense coverage due to PawSafe's limited benefits in that arena. Furthermore, while 3rd party liability coverage is generous, it comes with a S$1,000 deductible, which can be a hefty sum for budget-constrained consumers. Lastly, it doesn't cover cats and certain dog breeds. Owners with excluded pets can consider CIMB's My Paw Pal as a comparable alternative.