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Insurance Pet Insurance

ManyPets vs. Spot: Pet Insurance Comparison

Updated Nov 29, 2023   |   7-min read

While providing your pet with year-round care is a great way to keep it healthy, it isn’t perfect at avoiding unexpected injury or illness. For this reason, more pet owners are investing in pet insurance policies to protect their pets and their finances.

Two highly-rated companies that offer pet insurance are ManyPets and Spot.

This ManyPets vs. Spot comparison will explain what each company covers, which policies are more budget-friendly, and which company is the best in specific situations.

In this comparison:

ManyPets vs. Spot: At a glance

4.7
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4.5
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Reimbursement rate 70%, 80%, 90%, or 100% 70%, 80%, or 90%
Reimbursement rate Reimbursement rate
70%, 80%, 90%, or 100% 70%, 80%, or 90%
Benefit limit Unlimited $2,500, $4,000, $5,000, $7,000, $10,000, or unlimited
Benefit limit Benefit limit
Unlimited $2,500, $4,000, $5,000, $7,000, $10,000, or unlimited
Deductible $0, $100, $250, $500, or $750 $100, $250, $500, $750, or $1,000
Deductible Deductible
$0, $100, $250, $500, or $750 $100, $250, $500, $750, or $1,000

Does ManyPets or Spot offer better coverage?

Note: Wellness plans are not currently available through ManyPets.

We reviewed a sample policy from both ManyPets and Spot to compare what’s covered under each company’s plan.

After careful review, we determined that Spot offered more comprehensive coverage than ManyPets. While both providers cover the basics of accidents, illnesses, and chronic conditions, Spot went even further by also covering behavioral issues and prescription food.

Check out what’s covered under each company’s policy in the table below:

ManyPetsSpot
AccidentsYesYes
Alternative therapyYesYes
Behavioral issuesNoYes
BoardingNoNo
Cancer treatmentYesYes
Chronic conditionsYesYes
Congenital conditionsYesYes
Cosmetic proceduresNoNo
Dental injuryYesYes
End of life expensesYesYes
Exam feesYesYes
Experimental treatmentNoNo
Hereditary conditionsYesYes
IllnessesYesYes
IV fluids and medicationsYesYes
Microchipping costsNoYes
MRI, CT scans, and X-raysYesYes
Pre-existing conditionsYes, if curableYes, if curable
Prescription foodNoYes
Prescription medicationYesYes
Surgery and hospitalizationYesYes
Tooth extractionYesYes
Wellness planAdd-onAdd-on

Are policies from ManyPets or Spot more affordable?

Note: Wellness plans are not currently available through ManyPets.

We received several quotes through each company’s free online quote estimator to determine whether ManyPets or Spot offered more affordable policies.

The zip code, benefit limit, reimbursement rate, and deductible for each quote were the same so that the price comparison was fair. For all four quotes, ManyPets was the more affordable option.

The difference in premium cost for an accident and illness policy was between $20.10 and $66.80 per month, depending on the quote. On average, a ManyPets policy was 57.83% less expensive than a Spot policy.

Here is a full breakdown of the different quotes we received and the monthly premium for each policy:

Quote one: Prince, a three-year old Pit Bull from Ann Arbor, Michigan

The policy details for this quote included unlimited payouts, a 90% reimbursement rate, and a $250 annual deductible.

PolicyManyPetsSpot
Accident & illness$47.45$114.25
Accident-onlyNot available$44.36
Wellness add-on$24.99$9.95 or $24.95

Quote two: Mackenzie, an eight-month old Australian Shepherd from Jackson, Mississippi

The policy details for this quote included unlimited payouts, a 80% reimbursement rate, and a $500 annual deductible.

PolicyManyPetsSpot
Accident & illness$20.20$40.30
Accident-onlyNot available$25.13
Wellness add-on$24.99$9.95 or $24.95

Quote three: Blue, a five-year old Himalayan from Georgetown, Pennsylvania

The policy details for this quote included unlimited payouts, a 70% reimbursement rate, and a $750 annual deductible.

PolicyManyPetsSpot
Accident & illness$10.28$32.91
Accident-onlyNot available$13.64
Wellness add-on$19.99$9.95 or $24.95

Quote four: Roxie, a one-year old Burmese from Dallas, Texas

The policy details for this quote included unlimited payouts, a 90% reimbursement rate, and a $100 annual deductible.

PolicyManyPetsSpot
Accident & illness$27.90$63.52
Accident-onlyNot available$47.82
Wellness add-on$19.99$9.95 or $24.95

If you are interested in getting a free quote for your dog or cat, you can do so in seconds by entering some information about your pet on ManyPet’s website or Spot’s website.

Scenarios in which ManyPets or Spot is better than the other

With coverage and costs in mind, let’s take a look at some scenarios in which ManyPets or Spot might be the better option for you and your pet. If one of the scenarios outlined applies to you, it could help you decide which company would be best.

If you want a $0 deductible: ManyPets

Most pet insurance companies allow customers to customize their policies. Specifically, you can choose your benefit limit, reimbursement rate, and deductible from several options. However, while both of these companies allow you to customize specific terms to meet your needs, only ManyPets offers policyholders the choice of a $0 deductible.

Note: Only some of the quotes we received included an option to choose a $0 deductible. Therefore, it appears some pets are eligible while others are not. While there was no information about who qualifies and who does not, ManyPets is still one of the only companies to offer this option.

If you opt for no deductible, your monthly premium will be higher than if you select a deductible. However, some people prefer not to worry about payment when a pet is ill or injured. If you want to focus solely on your pet’s recovery and not on your deductible, ManyPets is the choice for you.

If your pet is older than 14 years: Spot

If you are looking to insure an older cat or dog, Spot makes it relatively easy. The company has no breed restrictions or maximum age limits. You can purchase a policy for your pet anytime after your furry friend is eight weeks old. There is no medical exam requirement, but you will have to send your pet’s vet records to the company as part of the application process.

If you want an accident-only policy: Spot

The most common form of pet insurance is an accident & illness policy. However, many insurance companies offer an additional option known as an accident-only policy. This type of coverage only reimburses you for unexpected accidents to your pet.

Because accident-only policies don’t include coverage for disease, illness, or preventative care, the premiums tend to be lower. So if you have a rough and tumble dog who travels with you or if you are on a limited budget, this might be a good choice.

If you’re interested in this type of policy, you’ll want to go with Spot. ManyPets doesn’t offer an accident-only plan. You can see the price difference between Spot’s accident & illness policy and its accident-only policy through its free online quote tool.

If you want to customize all of your policy terms: Spot

Spot offers highly flexible policies. By “flexible,” we mean the company allows policyholders to customize the type of coverage their pet receives and the plan’s cost.

When you buy a policy from Spot, you select your plan, including the annual limit, deductible, reimbursement rate, as well as add-ons like routine care coverage. In total, Spot offers six different options.

While ManyPets allows you to customize your reimbursement rate and deductible, the company does not offer customization of the benefit limit or type of plan.

If you have multiple pets: Spot

Just like some people bundle their home and auto insurance, insuring multiple pets on the same plan can save you money and cut down on paperwork.

Spot is your choice if you are seeking a multiple pet discount. Spot offers a 10% discount applied to your premium for each additional pet you enroll.

We were unable to find a multi-pet discount for ManyPets.

If you want to be reimbursed 100%: ManyPets

ManyPets is one of the only pet insurance companies that offers a 100% reimbursement rate for some pets. We say “some pets” because only some of the quotes we received included the option to choose 100% reimbursement. Some quotes didn’t offer this option.

While ManyPets doesn’t disclose the requirements to be eligible for the 100% reimbursement rate, Spot doesn’t offer this option to any pets. Instead, they only offer a choice between 70%, 80%, or 90% reimbursement.

If you want to see if your pet is eligible for 100% reimbursement, get a free quote on the ManyPets website.

Which company is our choice between ManyPets and Spot?

Our comparison concluded that both Spot and ManyPets are excellent choices for pet owners, but ManyPets slightly edged out Spot. Spot performed better in coverage and eligibility, while ManyPets performed better when it came to costs. After comparing 17 leading pet insurance providers, ManyPets received a 4.7 out of 5, while Spot received a 4.5 out of 5.

An important note: ManyPets is still expanding within the U.S. and pet owners in Florida, Idaho, Massachusetts, and Minnesota are not eligible for a policy.

You can get a free, personalized quote on the ManyPets and Spot websites.