Just like home insurance, life insurance, and car insurance, taking pet insurance has become a very important aspect of ensuring a good and healthy life for our pets.
Many companies offer pet insurance policies that cover a variety of areas, such as medical conditions, accidents, dental conditions, etc.
Key Takeaways
- Nationwide Pet Insurance offers comprehensive coverage for accidents, illnesses, and wellness care, with some plans covering hereditary conditions.
- Underwritten by Embrace Pet Insurance, GEICO Pet Insurance provides customizable coverage options for accidents and illnesses, with optional wellness rewards.
- Both companies offer pet insurance, but their coverage options, pricing, and additional benefits may differ.
Nationwide Pet Insurance vs Geico Pet Insurance
Nationwide pet insurance is the largest pet insurance company offered to a variety of animals such as birds, reptiles, dogs and cats. The policies cover injuries, dental care, vet visits and more. It is an expensive option as it covers insurance for exotic animals. GEICO pet insurance is a recent venture that has excellent benefits and services covering only dogs and cats. It was started as a joint venture with Embrace.
Nationwide is one the largest insurance companies in the market, and they have one of the largest pet insurance policies among other insurance providers.
What sets Nationwide apart from the rest of the companies is that they provide insurance policies to all types of pets, from dogs and cats to birds and even exotic pets.
Geico is a leading name in the motor and car insurance market. It has been providing vehicle insurance for decades.
But recently, Geico partnered up with pet insurance company Embrace to provide insurance policies to a completely different market. Thus, the policies offered by Geico are provided by Embrace.
Comparison Table
| Parameters of Comparison | Nationwide Pet Insurance | Geico Pet Insurance |
|---|---|---|
| Definition | Nationwide is one of the largest and oldest pet insurance providers in the market. | Geico is a vehicle insurance provider, which has recently entered the pet insurance market |
| Policy provider | Nationwide makes and provides policies on its own | The policies offered by Geico are made by Embrace |
| Venture type | A private venture of Nationwide | A joint venture between Geico and pet insurance company Embrace |
| Animals covered | Nationwide provides policies for different types of pets, including birds and even exotic pets | Geico provides policies for only standard pets such as dogs and cats |
| Insurance rates | Nationwide insurance policies are slightly more expensive | Geico insurance policies are comparatively less expensive |
What is Nationwide Pet Insurance?
Nationwide is one of the biggest pet insurance providers in the market. Nationwide insurance policies cover a lot of areas, including accidents, vet visits, dental care, etc.
Along with this, they also provide unlimited benefits to their subscribers.
The best part about Nationwide that sets it apart from the rest of the policymakers is that it provides insurance to a lot of different types of animals. Thus, their insurance policy is not limited to just cats and dogs.
They provide insurance coverage to birds, reptilian pets, and even exotic animals. This is a unique feature, as Nationwide is the only policymaker that provides such wide coverage.
Their policy is also better structured than most of their competitors. Nationwide policies provide a lot of health coverage. Policies are offered in three plans: Whole Pet with Wellness, Major Medical, and Pet Wellness.
These plans include services such as illnesses and surgery coverage, hospitalization, vaccinations, and prescription coverage. Medical exams and vet tests benefits, etc.
Along with the aforementioned benefits, there are many more services that provide an all-around pet insurance experience with a wider range than most other companies.
Nationwide also provides 90% reimbursement for its services, as well as a deductible rate to its subscribers.
What is Geico Pet Insurance?
Geico was originally a vehicle insurance company. It provides motor insurance to different types of cars, bikes, and other types of vehicles. It is known for its good quality services in the vehicle insurance market.
But in recent years, Geico has also entered into the pet insurance market. Geico partnered up with pet insurance company Embrace to provide insurance policies to a completely different market.
Thus, the policies offered by Geico are provided by Embrace, which has been in the pet insurance industry for quite some time. With this joint venture, Geico has been able to provide excellent policies with good benefits and great services.
The only drawback of the policies offered by Geico is that they are limited to only standard pets, such as dogs and cats. Thus, birds and other exotic pets are not covered in the policies.
But their services are on par with the rest of the competitors. One of the major advantages that Geico has over other companies is its pre-existing conditions policy.
While most other companies do not cover pre-existing conditions in their insurance, Geico provides insurance services to curable pre-existing health conditions of animals. This is a major feature that is only offered by Geico.
Main Differences Between Nationwide and Geico Pet Insurance
- Nationwide is one of the largest and oldest pet insurance providers in the market. Geico is originally a vehicle insurance provider which has recently entered into the pet insurance market.
- Nationwide provides its own policies. Geico insurance policies are provided by Embrace.
- Nationwide has its own private insurance company. Geico’s pet insurance is a joint venture with Embrace.
- Nationwide provides insurance to birds and other exotic animals as well. Geico insurance is limited only to dogs and cats.
- Nationwide insurance policies are slightly more expensive. Geico insurance policies are comparatively less expensive.
- https://www.petinsurance.ie/Content/documents/PolicyDoc/1598_PetInsurance_Policy_IRL_Premier_A5_V3_web.pdf
- https://conservancy.umn.edu/handle/11299/202744
- https://go.gale.com/ps/i.do?id=GALE%7CA624611366&sid=googleScholar&v=2.1&it=r&linkaccess=abs&issn=07982259&p=IFME&sw=w
- https://mri.ucdavis.edu/mdprogram/review/pdfs/Othman-Neda-OPINION.pdf
Last Updated : 10 September, 2023
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Chara Yadav holds MBA in Finance. Her goal is to simplify finance-related topics. She has worked in finance for about 25 years. She has held multiple finance and banking classes for business schools and communities. Read more at her bio page.
Negative comment
I disagree, I think these insurance policies are really important.
Argumentative comment
I believe the policies of both companies are overpriced.
Ironic comment
Negative comment
It’s not important and just a waste of money.
You should reconsider, my aunt’s cat was saved by insurance.
Positive comment
Very interesting, I had no idea about Geico entering the pet insurance market.
I did not know Nationwide provided insurance for birds and exotic animals.
Sarcastic comment
Yeah, my pet goldfish really needs insurance.
Great article, never knew I needed insurance for my iguana.
Informative comment
Great post, very educational.
Comical comment
I chuckled while reading this.
Hahaha interesting way to get pet insurance information.