Lemonade Pet Insurance Review

At a glance

Lemonade offers some of the most highly-rated pet insurance policies on the market. Their affordable pricing and customizable coverage makes them a strong option for pet owners.

Competitive pricingOnly available in 37 U.S. states
Customizable coverageDoes not cover exotic pets
Offers five comprehensive preventative care add ons

Bottom Line: Lemonade is a good pet insurance option for pet owners looking for an affordable and customizable pet insurance policy.

Pet Insurance Plans Offered by Lemonade

Lemonade offers one standard pet insurance policy with five optional preventative care add ons. Policyholders can select which add-on coverage they’d like, if any.

The standard policy covers vet expenses resulting from accidents and illnesses, such as:

  • Diagnostic testing
  • Inpatient and outpatient surgery
  • Emergency procedures
  • Medication 

The preventive care packages cover the following:

  • Vet visit fees
  • Physical therapy, acupuncture, and hydrotherapy
  • Dental illnesses, cleanings, extractions, and other treatment
  • Behavioral conditions (ie. anxiety and aggression)
  • End of life and remembrance (ie. vet-recommended euthanasia and cremation)

These packages also cover costs such as wellness exams, spaying and neutering, and blood tests. With Lemonade, you can mix and match which coverage you’d like so you only pay for what you want.

For example, you could purchase a standard plan with a preventative care package for behavioral conditions. Likewise, you could opt for a standard plan with two preventative care packages to cover vet visit fees and end of life costs.

Lemonade’s customizable coverage allows pet owners to purchase the coverage that’s important to them or that they’re most likely to use. This is especially helpful when owning a breed that is predisposed to certain medical conditions.

Does Lemonade Offer Wellness Plans?

Lemonade offers optional preventative care coverage that covers what a standard wellness plan would.

Happy pit bull terrier smiling at the camera

What Isn’t Covered With Lemonade Pet Insurance?

Like other pet insurance companies, Lemonade does not cover pre-existing conditions. Their standard policy also doesn’t cover:

  • Dental care (only covered in preventative care packages)
  • Elective surgeries unrelated to an accident or illness
  • Experimental treatment
  • Wellness exams
  • Anything that occurs as a result of your neglect

Additionally, Lemonade is only available in 37 states. If you live in a state that isn’t listed below, you’ll need to find a different pet insurance provider.

States Where Lemonade Pet Insurance is Available

District of Columbia
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Rhode Island
South Carolina

Coverage Levels and Reimbursement Options

When you purchase a Lemonade pet insurance policy, you will need to choose a deductible and ‘co-insurance amount’. (Many pet insurance providers call this a reimbursement level, but Lemonade calls it co-insurance. It essentially means the same thing.)

Your deductible is the amount you’ll need to pay out of pocket before your insurance will reimburse you for anything. Your co-insurance is the percentage of a vet bill Lemonade will cover once you’ve hit that deductible.

Let’s take the following scenario as an example:

  • Your dog needs treatment and the bill comes to $5,000
  • Your policy has a $500 deductible and a 70% co-insurance amount
  • You’ve also yet to incur an expense, so the entire $500 of your deductible remains untouched. 

Here’s how your payment would be calculated:

($5,000 bill * 70% co-insurance) – $500 deductible = $3,000

In this case, Lemonade would cover $3,000, and you’d be responsible for the remaining $2,000.

Lemonade’s Coverage Levels

With Lemonade pet insurance, you can choose between 60%, 70%, 80%, or 90% co-insurance levels. However, Lemonade says that most policyholders get 80% co-insurance.

Lemonade’s Deductible Options

You can choose between a $100, $250, or $500 deductible. When your policy renews, you can change your deductible amount if you’d like.

How Much Does Lemonade Pet Insurance Cost?

Lemonade pet insurance starts at $10 per month and increases based on factors such as your pet’s breed, age, and location. Here are a few sample rates for a Lemonade pet insurance policy with a $20,000 annual limit, 80% co-insurance rate, and a $250 deductible for a male pet in Dallas, Texas.

Type of DogAge of PetCost for the Standard Accident + Illness PlanCost for an Accident + Illness Plan + Wellness Add Ons
Labrador Retriever8-week old puppy$85.27$116.11
French Bulldog8-week old puppy$110.77$141.61
Golden Retriever8-week old puppy$83.93$114.76
German Shepherd8-week old puppy$83.79$114.62
Poodle8-week old puppy$75.09$105.93
Exotic Shorthair Cats$49.11$75.53

According to Lemonade, the average cost to insure a cat is around $25 per month, and the average for a dog is around $66 per month.

Lemonade also offers a 10% bundle deal when you purchase another one of their insurance offerings — renters, homeowners, car, or life insurance — alongside pet insurance. They also offer a 5% multi-pet discount and a 5% annual discount.

What Are The Waiting Periods For Coverage?

After purchasing a policy from Lemonade, you’ll have a waiting period before your coverage kicks in. Lemonade has the following waiting periods:

  • 2 days for accidents
  • 14 days for illnesses
  • 6 months for cruciate ligament events

If you opt for a preventative package however, you can use the benefits the day after you purchase the policy.

FAQs About Lemonade Pet Insurance

The following are some of the most common questions about Lemonade pet insurance.

Does Lemonade Offer A Wellness Plan?

Lemonade offers five optional preventative care add ons that cover what a standard wellness plan would.

Does Lemonade Cover Pre-Existing Conditions?

No. Like many pet insurers, Lemonade does not cover pre-existing conditions.

Does Lemonade Cover Dental Cleaning?

Lemonade’s standard plan does not cover dental cleaning. However, their preventative care add ons do.

Does Lemonade Cover Spaying Or Neutering?

Lemonade’s standard plan does not cover the cost to spay or neuter your pet. However, their preventive care add ons do.

Does Lemonade Cover Hip Dysplasia?

Yes, Lemonade covers hip dysplasia.

Does Lemonade Cover Euthanasia?

Lemonade’s standard plan does not cover euthanasia. However, one of their five optional preventative care add ons does.

Does Lemonade Have Any Coverage Limits?

Lemonade covers up to 90% of eligible expenses.

Is Lemonade Accepted By Every Vet?

Lemonade is currently available in 37 U.S. states. The insurance can be accepted at any veterinary office within any of those states, as long as the provider is licensed to give veterinary care in that state.

Does Lemonade Pay The Vet Directly?

No. With Lemonade, you are expected to pay the entire vet bill upfront then submit a claim for reimbursement.

How Do I File A Claim With Lemonade?

To file a claim with Lemonade, simply open the Lemonade app and hit the “File a Claim” button. The app will guide you through the process of submitting a formal claim.

How Long Does It Lemonade Take To Pay Out?

According to Lemonade’s website, claims are paid out almost instantly. However, there are some situations where claims will need to be reviewed before they’re paid out. The timeline for those processes varies depending on the complexity of the case.

How Do I Cancel A Policy From Lemonade?

You can cancel your Lemonade pet insurance policy at any time through the Lemonade app.

Photo of author
Grace Lemire

Grace is a lover of pups and personal finance. She’s passionate about helping people navigate the financial side of life decisions — from budgeting for a furry friend to making decisions about pet insurance.