7 Best Pet Insurance Companies in New Mexico (2022) – MarketWatch

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Pet insurance is an important purchase; it adds value to most pet owners’ wallets and provides crucial emergency coverage for their pets. Whether you live in Albuquerque, Las Cruces or another city in the Land of Enchantment, you have access to several excellent pet insurance companies in New Mexico.
We at the Home Media reviews team have dedicated hundreds of hours to researching and analyzing the top pet insurance companies based on their costs, plans and customer service. Below, we rounded up our pet insurance recommendations for New Mexico residents.
 
 
Based on our thorough evaluation, these are the seven best pet insurance providers in the state of New Mexico:
 
 
Highlights:
Coverage: Lemonade offers one accident-and-illness plan that reimburses you for vet bills related to your pet’s covered injuries and illnesses. Covered services include emergency care, diagnostics, hospitalization and operation costs related to conditions such as broken bones, bite wounds, cancer or allergies. The policy excludes preexisting conditions, behavioral therapy, dental illness and elective or cosmetic procedures.
Lemonade also provides wellness plans for vet visits and routine care, such as heartworm tests, dental cleanings and vaccines.
We got quotes for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M., with different deductibles, coverage limits and reimbursements percentages:
Get a quote: Use Lemonade’s online quote tool to get a customized price and sign up for your policy.
To learn more: Lemonade Pet Insurance Review
 
 
Highlights:
Coverage: Spot’s accident-only policy covers conditions such as fractures and bite wounds. The accident-and-illness plan offers between $2,500 and unlimited annual coverage for accidents and a variety of illnesses. 
Some common coverages include cancer, heart disease, behavioral issues and allergies. Spot excludes preexisting conditions, elective procedures and breeding and pregnancy costs.
The routine care plan covers wellness costs such as annual checkups and vaccines. The Gold plan costs $10 per month and provides $250 of coverage. For $25 per month, the Platinum plan extends coverage to $450 per year.
The average quotes below are for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M, based on a range of coverage limits, deductibles and reimbursement rates:
Get a quote: To customize your Spot pet insurance policy, get a quote on Spot’s website.
To learn more: Spot Pet Insurance Review
 
 
Highlights:
Coverage: Embrace offers accident-and-illness coverage and wellness care. The accident-and-illness plan provides $5,000 to $30,000 of coverage for dental trauma, cancer and other conditions. It does not cover preexisting conditions, cosmetic or elective procedures, or breeding costs.
The Wellness Rewards plan reimburses routine care costs such as grooming, annual wellness checkups and flea prevention. Embrace reimburses up to your choice of $250, $450 or $650 of annual benefits.
Based on sample quotes we gathered for 4-year-old, mixed-breed pets in Albuquerque, N.M., using varying coverage caps, reimbursements and deductibles, costs range as follows:
Get a quote: Fill out Embrace’s form for a free quote on your policy.
To learn more: Embrace Pet Insurance Review
 
 
Highlights:
Coverage: Healthy Paws has an accident-and-illness plan that offers limitless coverage on vet bills for your pet’s covered accidents and illnesses, such as procedures, hospital stays and rehabilitation. It doesn’t cover preexisting conditions, spaying and neutering, or preventive care. It also excludes hip dysplasia during the first 12 months of coverage.
The quotes below are for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M.:
Get a quote: Fill out Healthy Paws’ easy online form to get a pet insurance quote.
To learn more: Healthy Paws Pet Insurance Review
 
 
Highlights:
Coverage: Figo provides three levels of accident-and-illness coverage. Each one includes medications, diagnostics and other essential treatments for covered conditions such as hip dysplasia, allergies and diabetes.
Here’s how much coverage each plan offers:
Embrace also allows you to add vet exam fee coverage and routine care benefits to your policy.
We secured a handful of quotes for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M, to give you an idea of coverage costs from Figo:
Get a quote: Fill out a quick quote request for Figo.
 
 
Highlights:
Coverage: Prudent Pet has three pet insurance plans. The first, the Accident-only Plan, provides $10,000 of protection for accidents and injuries, such as lacerations or toxic ingestions. The Essential Plan also provides $10,000 of coverage, but it extends coverage to illnesses.
The Ultimate Plan also covers both accidents and illnesses but has no coverage caps. It also adds coverage for costs such as lost pet advertising and reward money, mortality expenses and kennel fees in the event that you are hospitalized and unable to care for your pet.
We got quotes for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M., for each of Prudent Pet’s plans:
Get a quote: Get your custom quote from Prudent Pet for your dog or cat online. 
To learn more: Prudent Pet Insurance Review
 
 
Highlights:
Coverage: ASPCA Pet Health Insurance offers four coverage options:
We obtained quotes for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M., to give you an idea of the premiums you can expect from ASPCA.
Get a quote: Fill out ASPCA’s online form for an instant quote on a pet policy.
To learn more: ASPCA Pet Health Insurance Review
 
 
Highlights:
Coverage: Fetch has one accident-and-illness plan that applies to operations, vet visits and other treatments for hereditary illnesses, chronic diseases, behavioral issues, cancer and more. Fetch does not cover elective procedures, preexisting conditions, breeding expenses or routine care costs, such as flea and tick prevention, checkups and blood tests. 
Fetch offers some fairly unique coverages, including boarding if you are hospitalized for four days or more, reimbursement for vacation cancellations caused by your pet’s condition, and reward and advertising money for lost pets.
We requested quotes from Fetch for 4-year-old, mixed-breed dogs and cats in Albuquerque, N.M., using different coverage limits:
Get a quote: Customize your Fetch pet insurance policy by getting a quote on Fetch’s website.
To learn more: Fetch Pet Insurance Review
 
 
Based on our in-depth research, we recommend Lemonade as the top pet insurance company in New Mexico. Lemonade’s online platform is simple to use, and the provider offers a variety of affordable coverage options. However, Lemonade might not be the right choice for everyone. Before you choose an insurer, take a few minutes to compare quotes from at least three companies so you can secure the lowest rates for the coverage you need.
Check out how these pet insurance options compare:
Provider
Get a Quote
Our Score (Out of 100)
Monthly Cost*
Waiting Periods
Multi-pet Discount
Mobile App
Lemonade
Visit Lemonade
90.5
$25.78
2 days for accidents; 14 days for illnesses
10%
✔
Spot
Visit Spot
89
$52.25
14 days for all conditions
10%
✔
Embrace
Visit Embrace
90.5
$51.85
2 days for accidents; 14 days for illnesses

10%
✔
Healthy Paws
Visit Healthy Paws
84
$53.76
15 days for accidents and illnesses
None
✔
Figo
Visit Figo
90
$22.78
Varies by ZIP code
5%–10%
✔
Prudent Pet
Visit Prudent Pet
90.5
$35.00
2 days for accidents; 14 days for illnesses
5%
✔
ASPCA
Visit ASPCA
90
$51.25
14 days for all conditions
10%
✔
*We obtained the sample premiums above for an accident-and-illness policy for a 4-year-old, medium-size, mixed-breed dog in Albuquerque, N.M. Because pricing may vary based on your location and your pet’s age and breed, we recommend getting quotes directly from companies for the most accurate cost information.
 
 
Three components affect pet insurance premiums: annual coverage limit, deductible and reimbursement level. The annual coverage limit is the amount of money your pet insurance company will pay toward claims in one calendar year; the deductible is the amount you must pay out of pocket when you file a claim before your provider starts reimbursing you; and the reimbursement rate is the percentage of each claim that your pet insurance company will pay.
Providers offer three main types of pet insurance plans:
 
 
Take the steps below to choose the right pet insurance provider for your furry companion:
 
 
Pet insurance is important because it allows you to get your pet the care it needs if it’s injured or ill while saving your wallet from costly vet bills. When we surveyed 1,000 pet owners, we found that more than 40% have paid more than $500 for a single emergency vet bill.
Pet insurance for cats in New Mexico costs an average of $10 to $30, but prices can vary depending on the provider, discounts offered and your pet’s age and breed. For example, you may pay a different rate for a Yorkshire terrier than a German shepherd. Typically, cat insurance is cheaper than dog insurance.
You can add a pet to your existing pet insurance policy with some providers and may earn a multiple-pet discount for insuring more than one pet with the same company. You cannot, however, add a pet to your human health insurance plan.
You can typically use pet insurance at any licensed vet, whether it is a specialist, university or emergency hospital.
 
 
Our review of pet insurance companies is based on in-depth industry research that includes reading hundreds of customer reviews, simulating the quote and purchasing process, speaking to representatives on the phone to assess the customer service experience and surveying 1,000 dog and cat owners nationwide to determine the most important elements of pet insurance coverage. We have scored each provider on a 100-point scale based on those elements.
Here are more details about each factor and how they’re weighted: 
We use our rating system to compare and contrast each company against key factors to help us determine the best pet insurance companies in the industry. Additionally, we keep our research up to date and revisit our reviews on a regular basis.
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