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State Farm Pet Insurance Review

State Farm Pet Insurance
State Farm Pet Insurance Review
Best For:
Pet parents who want to bundle other products with State Farm
Coverage
Limits
Deductibles
Reimbursements
Claims
BEST FEATURES
Vet Direct Pay
Can bundle through other products
WORST FEATURES
No wellness coverage
4.1

State Farm is a large insurance company committed to providing its customers with the best insurance policies for the best possible price. Through a joint effort with Trupanion, a recognized pet insurance company, State Farm is able to offer pet insurance in several different states, including Colorado, Arizona, Indiana, Illinois, Oregon and Missouri. Hopefully, they will soon be able to add more states to that list.

Coverage

State Farm reimburses pet owners for 90% of covered services, including all injuries and illnesses; hereditary and congenital conditions; surgeries; diagnostic testing; hospitalization; prescription medications; herbal therapies; veterinary supplements and prosthetic devices and services.

They do not cover examination fees; wellness and preventive care; the pet owner’s deductible; pre-existing conditions; elective or cosmetic procedures; and things that occur during the policy’s waiting period. In many cases, you won’t even have to wait for a reimbursement check because State Farm can pay the vet directly at the time of service, and all you’ll have to pay is your deductible or co-payment amount. Here are a few sample quotes on different dogs and cats to give you an idea of what to expect to pay in premiums.

German Shepherd Quote

The first quote is for a policy on a 3-year old, spayed female German shepherd dog with a $200 deductible and unlimited payout amounts. The premium for their most popular plan is $89.84 per month. Increasing the deductible amount to $500 lowers the premium to $62.42 per month. The price with a $0 deductible is $152.25 while the price with a $1000 deductible is $38.45.

Mixed Breed Dog Quote

The second quote is for a 2-year old, neutered, 50-pound male mixed breed dog with a $200 deductible and unlimited payout amounts. The premium for their most popular plan is $56.99 per month. Increasing the deductible on this plan to $500 lowers the monthly premium to $40.44 per month. The price with a $0 deductible is $94.56 while the price with a $1000 deductible is $25.86.

American Shorthair Cat Quote

The third quote is for a 1-year old, spayed female American Shorthair cat with a $200 deductible and unlimited payouts. The premium for the most-preferred plan is $27.74. The premium with a $500 deductible is $20.87 per month. The price with a $0 deductible is $43.38 while the price with a $1000 deductible is $14.86.

Mixed Breed Cat Quote

The fourth quote is for a 2-year old neutered male mixed breed cat with a $200 deductible and unlimited payouts. The premium for the most-preferred plan is $34.23. The premium with a $500 deductible is $25.21. The price with a $0 deductible is $54.76 while the price with a $1000 deductible is $17.26.

Limits

State Farm has a 30-day waiting period for illnesses and a 5-day waiting period for accidents and injuries before your policy is considered active. If something occurs before the waiting period, it’s considered as a pre-existing condition and will not be covered.

If an animal develops a serious condition after the waiting period, there is no need to worry about how much the insurance company will pay because there are also no limits on the payout amounts. However, there is an age limit of 14 years of age.

Deductibles

Deductibles are the amount you’ll pay on services before State Farm pays on a claim. For instance, if you have a $250 deductible and the vet bill is for $600, you’ll have to pay $250, and State Farm will pay 90% of $350 ($600 – $250). State Farm offers you a variety of deductibles so you can choose the one that best meets your needs. Deductibles can be from $0 to $1,000. The amount of your deductible affects the amount of your premium. If you choose a $100 deductible, your premiums will be higher than if you chose a $1,000 deductible.

Claims

State Farm offers the same easy claim process as Trupanion. If your vet works directly with the insurance company, there will be no need for you to file any claim. You just pay the deductible and your portion of the bill, and your vet will take care of the rest. If your vet does not work directly with State Farm or Trupanion or you’re visiting a vet clinic outside of the insurance company’s network, you’ll have to pay the bill and submit your claim. Most claims are paid within 24 hours.

Pet insurance may seem like an extra expense, especially since it seems like we’re already paying high insurance premiums on other types of insurances, such as health, auto, home and life. However, our pets have become important parts of our family, and purchasing pet insurance is a good way to ensure they’ll be able to receive the proper medical care if and when they need it most.

Many dogs and cats are abandoned or euthanized each year because they suffer serious accidents or illnesses, and the owners can’t afford the veterinary services to get them back to good health. Pet insurance can be the answer to that unfortunate dilemma. Pet insurance gives pet owners the freedom to choose medical care based on what the pet needs rather than on what the owner can afford.