Wednesday, 14 September 2022

Pet Insurance in New Mexico

Choosing the right pet insurance company for you and your dog or other pets in New Mexico can be a frustrating and confusing process. How much coverage will my plan provide? How fast will I be reimbursed? Are there any health issues not covered?

Here at iHeartDogs, we created an easy comparison below of all the major pet insurance brands in New Mexico and across the US. You can also use the form below to receive a no obligation quote from all the major pet insurance carriers at once, allowing you to compare pricing and coverage:

Best Pet Health Insurance For Dog in New Mexico

Let’s take a deep dive into the features and benefits of each of the major pet insurance brands here in New Mexico and across the USA. Simply scroll to the right to view all the brands:

Pets Best
Lemonade
ManyPets
Trupanion
FIGO
HealthyPaws
Prudent Pet
Embrace
Wagmo
Company
Company
Pets Best
Lemonade
ManyPets
Trupanion
FIGO
HealthyPaws
Prudent Pet
Embrace
Wagmo
Annual Coverage
Annual Coverage
$5,000 or Unlimited
Up To $100,000
Unlimited
Unlimited
$5,000 or Unlimited
Unlimited
$10,000 or Unlimited
$5,000 - $30,000
Unlimited
Multi-pet Discount?
Multi-pet Discount?
Yes
Yes
No
No
Yes
No
Yes
Yes
No
What They Do Best
What They Do Best
Best for plan customization
Great pricing for puppies & kittens
$0 copay option. No fees for paying monthly.
Best for paying claims to veterinarian direct
Short waiting periods
Best for paying claims fast
Best Trustpilot reviews
Best plan for superior benefits
Fast claims. Wellness plan available.
iHeartDogs Customer Rating ⭐⭐⭐⭐⭐
iHeartDogs Customer Rating ⭐⭐⭐⭐⭐
4.3 / 5
4.6 / 5
4.7 / 5
4.5 / 5
4.1 / 5
4.4 / 5
4.5 / 5
4.5 / 5
4.1 / 5
Wellness Plan Option? (preventative care e.g. exams, dental, vaccines)
Wellness Plan Option? (preventative care e.g. exams, dental, vaccines)
Yes
Yes
Yes
No
No
No
No
Yes
Yes
Example Quote for 1 Year Old 30 lb Mixed Breed
Example Quote for 1 Year Old 30 lb Mixed Breed
$35.81 per month
$20.00 per month
$30.00 per month
$68.25 per month
$69.30 per month
$26.25 per month
$73.46 per month
$42.35 per month
$15.00
Reimbursement Amount
Reimbursement Amount
90%, 80%, or 70%
90%, 80%, or 70%
90%, 80%, or 70%
90%
100%, 90%, 80%, or 70%
90%, 80%, 70%, 60%, or 50%
90%, 80%, or 70%
90%, 80%, or 70%
100% or 90%
Annual Deductible
Annual Deductible
$50, $100, $200, $250, $500, or $1,000
$100, $250, or $500
$100, $250, or $500
$0 to $1,000
$100, $250, $500, or $750
$100, $250, $500, $750, or $1,000
$100, $250, $500, or $1,000
$200, $300, $500, $750, or $1,000
$250, $500, or $1,000
Get Quote
Get Quote
Get Quote
Get Quote
Get Quote
Get Quote
Get Quote
Get Quote
Get Quote

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Receive a Free No-Obligation Quote from All the Pet Insurance Carriers At Once
Rather than visiting each insurance carrier’s website, you can use the form below to receive a no obligation quote from all the pet insurance carriers at once, allowing you to easily compare:

Which pet insurance company is best?

New Mexico Pet Insurance FAQs

What Pet Insurance Is Most Widely Accepted In New Mexico?

Most respectable and well-known pet insurance companies have a local presence in New Mexico. Pet insurance companies work on a reimbursement system and do not directly coordinate with your veterinarian. Instead, they wait for you to make a claim. For the most part, any pet insurance company will cover anyone in the country. However, it is possible that some insurance companies may pay the veterinarian as soon as they receive the claim, while others will not reimburse the customer until they have fulfilled extra requirements or paid the cost in full.

What Is Usually Not Covered By Pet Insurance In New Mexico?

One of the main conditions your pet insurance will not cover is pre-existing conditions before the effective date. Anything noted in your pet’s medical record before you purchase pet insurance will likely be considered a pre-existing condition and excluded from coverage.

All vet treatments and procedures to keep your pet healthy but not all fall under the scope of your policy. You are responsible for preventive care, including spaying or neutering, annual checkups, immunizations, flea or tick treatment, heartworm medicine, teeth or ear cleaning, and microchipping. However, many plans offer wellness coverage at an extra fee.

Most veterinarians charge a set price for consultations and exams. This charge is frequently on top of diagnostic tests and treatments. Plans with payout limits (such as $5,000 annually) cover this charge. Plans without payout limits will not cover this cost. Also, if you go over your annual limit, you are responsible for all other bills for the year.

Do Pet Insurance Premiums Go Up With Age In New Mexico?

The monthly costs are lowest for puppies and kittens as they do not require as much medical attention. When your pet ages to middle age, though, their rates will increase to adjust for the need for additional care. The rates will double again at 12 years because older dogs are more expensive to maintain and cost insurance companies more money.

Can I Get Pet Insurance After Diagnosis In New Mexico?

Pre-existing conditions are generally not covered by most pet insurance policies, but there are exceptions. It all comes down to what the insurance company considers to be pre-existing conditions. Curable conditions are any medical conditions or illnesses for which your pet has been treated and cured. Most insurance companies consider a condition cured after 180 symptom-free days, though some require a full year. Curable conditions include ear infections, urinary tract infections, upper respiratory illness, and vomiting or diarrhea.

Additionally, Symptoms can be considered pre-existing conditions even in the absence of a diagnosis if they are documented before a pet is covered. It also matters whether the symptom is curable or incurable. For instance, if your pet licks their feet excessively but has not received a formal allergy diagnosis, any claims relating to this are probably not going to be covered, as skin allergies are not curable.

Do not let your pet’s pre-existing condition prevent you from purchasing pet insurance. Even if the pre-existing condition is not covered, your pet insurance policy will cover other things, such as accidents or new illnesses. In addition, depending on the type of policy you purchase, the policy should cover any future unrelated conditions that are diagnosed. In short, regardless of your pet’s medical history, pet insurance can be a wise investment, especially as pets age and become more prone to serious illnesses like heart disease, kidney disease, or even cancer.

Does Pet Insurance Cost More For Certain Breeds In New Mexico?

It is true that some dog and cat breeds require more maintenance than others. First and foremost, insurance for a cat will normally be more expensive than insurance for a dog. Compared to dogs, cats often visit the doctor less frequently and are less likely to get hurt.

On average, the least expensive breed of dog would be a mixed breed weighing between 35 and 40 pounds. Furthermore, some purebreds are more susceptible to hereditary conditions that can be passed down through the generations. Because it has been discovered that some breeds require more maintenance than others, the majority of companies base premium prices on breed.

Is Pet Insurance Mandatory In New Mexico?

No, pet owners in New Mexico are not required to purchase pet insurance. While there are similarities to human insurance, pet insurance helps you, the owner, to afford the rising costs of vet care. However, you may require liability insurance, which is a completely different service for specific breeds.

Can Pet Insurance Be Dropped In New Mexico?

Pet insurance companies can drop an older dog, unfortunately. However, not all companies will do so, and some companies also provide lifelong insurance to prevent pets from being abandoned at a certain age or due to illness. Your pet will continue to be insured as long as you continue to make the required payments. When your pet reaches a certain age, some policies may provide less coverage. Although each insurance company has its own cancellation policies, you have the option to cancel your coverage at any time.

Does Pet Insurance Start Immediately In New Mexico?

Pet insurance policies do not begin immediately and do not go into effect for about two weeks on average. Companies implement waiting periods to discourage pet owners from delaying the purchase of coverage for their animals until it is too late. However, in the absence of a waiting period, pet owners may be tempted to postpone purchasing insurance for their animal companion until after an accident or illness has occurred. Insurance is designed to protect you in the event that something unexpected happens; however, it does not cover issues that have already manifested.

What Is The Best Deal On Pet Insurance In New Mexico?

Many factors affect the policy a company will offer for your pet, starting with breed, age, health, location, and other factors. However, Lemonade offers the lowest rates while still maintaining incredible reimbursement rates. Figo also offers fantastic deals on insurance for pets.

Can You Claim Animal Expenses On New Mexico Taxes?

Your family dog will not save you any money on your taxes. Although, if you have a working, performance, or service dog, you may qualify for tax breaks. If you donate to animal charities, those can count as deductions on your taxes. In addition, you can deduct the costs of food, supplies, transportation, and veterinary care if you foster an animal from a recognized charity.

Do Pet Insurance Premiums Go Up After A Claim In New Mexico?

Yes, your insurance company may believe that if you have filed one claim, you are more likely to file another, causing your premiums to rise. The same is true if you have had to file a claim as a result of an accident or the death of a pet. It is also important to remember that an insurance company will consider your pet’s medical history when evaluating a new insurance application which may increase the cost.

How Does Pet Insurance Work In New Mexico?

Like any other insurance kind, the coverage is subject to waiting periods and other restrictions. Businesses require a medical exam and a waiting time before giving coverage. The veterinarian bill must also be fully paid before filing a claim. If your insurance claim is legitimate, the business will then transfer the money to you or mail you a check.

The annual deductible refers to the amount you must pay before the company pays out. Your annual limit is the most your insurance company will pay before you must cover the remainder. Also, you will pay a monthly premium and any care costs not covered under your policy.

Is Pet Insurance Regulated In New Mexico?

New Mexico does not currently regulate pet insurance. However, nationally, NAIC is working to improve health insurance for pets and regulate the system to prevent a myriad of issues that can arise over time along with inconsistencies.

Which Pet Insurance Company Does iHeartDogs.com Recommend?

Our recommendation depends very much on your individual situation. You can compare quotes for your dog’s age and your location here. We can report that Trupanion, HealthyPaws, and Pets Best are very popular with iHeartDogs supporters.

Compare Pet Insurance Companies. Which is best?

What do iHeartDogs Readers Think About Pet Insurance?

Is Pet Insurance Worth It? - We asked [33] Dog Owners and Here's What They Said

Pet insurance is "worth it" if you can afford the cost of the insurance, but could not afford an emergency vet bill. However, the best plan is to only get a pet if you can afford vet care, & to have a special savings account set aside for pet emergency care. - Louise 

Very much worth it. I have Nationwide. It used to be VPI. It doesn’t cover things in full, but it very much helps. More then paid for itself with my first two dogs. Haven’t needed it much with the two I have now but if something happens, I won’t hesitate to get the best treatment I can. It really helps. - Beth

Yes it is worth it. But you need to shop wisely for it. I have care credit that is used when needed. With no excluded treatments because it's up to me! Great rates and options to pay back. Saved my bank account a number of times. - Jennifer

Always worth it with my previous pet dog, Louie (French bulldog) and current pet dog, Lucy (dachshund).
It’s more than paid for itself each time. Unless you can cough up $10,000 for an emergency surgery I suggest you get pet insurance. Healthy Paws I highly recommend!!! - Leo

My vet one time said...my a "Dogs are Expensive" account. Whatever the going rate for pet insurance is...say $100...put that monthly in the "D A E" account. If you are ahead at the end of the year roll that money over....then, if you do need a big sum you have it, and if you don't the $ is in your pocket and not the insurance company's... whatever you decide..good luck! - Peggy

With my last dog no. I paid 17 years and never made a claim. With the two I have now definitely. My JR managed to get a dog toy piece stuck in her intestine - hugh, expensive op so worth it. I don't like the fact that even though my dogs are both young, the premium has gone way up however. 3&2 are not senior dogs. - Kit

Before just checking quotes check with your vet or ones in your area. The one problem with many pet insurances it actually may affect the cost a vet or clinic may charge for a service based on what they may have to pay or what they need to do get paid. For example a base xray charge may be $100 if you pay yourself but say you use insurance A that may cost the clinic so much a year to be a member or requires so much documentation or takes so long for payment may increase the charge to $130-150 .Then if you have a deductible you will be paying more. Your vet will also know which ones are more reliable for your area and for the needs for your breed. - Candi

I would never have a pet without insurance. Way too risky for those sudden and age related injuries/health issues . Everyday check- ups and vaccines are incidental costs compared to many things that can go wrong w ur furry family member ❤️ - Holly

I'm furious that insurance companies have now made owning pets incredibly expensive. Once insurance companies enter into the equation, the price for everything goes "through the roof." I wish these monsters would be regulated and insurance, health care was NON PROFIT!!!!!! - Rhonda

Yes Healthy Paws has been great. My Boston is on constant eye meds for about 6 years and 2 surgeries. I have 80 percent and they pay right away. - Lynda

Worth it if you plan ahead. One of my dogs I adopted and got insurance a year or so later and insurance has denied EVERYTHING…even an ear infection at 10 years old, as a preexisting condition because she had one when she was 3years old. My other dog I got insurance right away (lesson learned!) and it has been a huge benefit because ten years later he had significant medical expenses that were covered at 90% I could not be more thankful to have the insurance - Shannon

Definitely worth every penny! Our Shitz tore her ACL, swallowed my husband’s hearing aid, puts everything in her mouth!!! We have Healthy Paws. Very pleased. Just wish we went with 90% coverage instead of 80%. Get it BEFORE they have an issue!! - Jan

Nope not worth it. I love my babies but, it's like human insurance, Hardly worth getting. More n likely whatever your pet has insurance won't cover it so your still gonna pay out the ying yang. So here we are paying out the ying yang for insurance and still paying high dollar to a vet. - Nancy

Yes. My sweet hound developed allergies. The insurance covers are $73. Apoquel prescription plus everything else that goes wrong. She had a cough with meds the bill was over $400. Very happy we have insurance. - Pamela

Yes! For 10 years I never had to use it. Then my dog got very sick and needed to go to the animal hospital. She was diagnosed with diabetes and cushings disease and the costs for all the medications and testing she undergoes until we get her regulated is exorbitant. With the insurance I’ve been getting most of it back. - Erica

Worth it! Preventative/wellness services usually aren't included with accident/injury plans, but most insurances offer that separately (for more money). Get coverage asap when you get a pet... preexisting conditions are almost never covered and the older a dog gets, the higher the cost gets. I had Nationwide through my previous employer. The plans were supposed to follow my pets for life, after I left the job, but (long story short) the plans were cancelled. So now I'm getting new insurance through ManyPets for a dog who was 9 when I got the Nationwide plan, but is now 13 - with preexisting conditions. For all three of my dogs, it's about $235/month (that's with the optional wellness plans added for each). But if anything happens to any of my "kids", I pay a $250 annual deductible, then ManyPets covers 80% - with no lifetime limit. - Andrea

Yes. It's worth it. You never know what might happen. I see so many go fund me's to help animals when insurance would have covered it. Fyi, Trupanion is slightly more expensive but can pay the Vet directly if the Vet is signed up on their system. I have my 2 dogs and 2 cats covered. - Blythe

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Thanks for reviewing our guide to comparing pet insurance brands. Below you find some additional pet insurance resources from iHeartDogs.com

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