Difference Between Nationwide Pet Insruance and Geico Pet Insurance (With Table)

Just like home insurance, life insurance, and car insurance, taking pet insurance has become a very important aspect for 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.    

Nationwide Pet Insurance vs Geico Pet Insurance

The main difference between Nationwide and Geico pet insurance is that Nationwide offers insurance policies to a variety of pets, including exotic pets, birds, reptiles, etc. Geico on the other hand entered into the pet insurance market only recently and thus, it only offers policies to pets such as dogs and cats, and does not provide insurance policies for exotic pets.

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 Between Nationwide Pet Insurance and Geico Pet Insurance

Parameters of ComparisonNationwide Pet InsuranceGeico Pet Insurance
DefinitionNationwide 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 providerNationwide makes and provides policies on its ownThe policies offered by Geico are made by Embrace
Venture typeA private venture of NationwideA joint venture between Geico and pet insurance company Embrace
Animals coveredNationwide provides policies for different types of pets, including birds and even exotic petsGeico provides policies for only standard pets such as dogs and cats  
Insurance ratesNationwide insurance policies are slightly more expensiveGeico 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 them apart from the rest of the policymakers is that they provide 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 prescriptions 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 is 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 about 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

  1. 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.
  2. Nationwide provides its own policies. Geico insurance policies are provided by Embrace.
  3. Nationwide has its own private insurance company. Geico’s pet insurance is a joint venture with Embrace.
  4. Nationwide provides insurance to birds and other exotic animals as well. Geico insurance is limited only to dogs and cats.
  5. Nationwide insurance policies are slightly more expensive. Geico insurance policies are comparatively less expensive.

Conclusion

Over the last couple of decades, pet insurance has become as important as life, home, or car insurance. To ensure a healthy and safe life for your pets, taking pet insurance is necessary.

There are many benefits to taking pet insurance. Medical check-ups, surgery and illness coverage, micro-chipping are just some of the benefits that most pet insurance companies offer.

Both Nationwide and Geico are great insurance companies. They provide wide coverage for pets and provide excellent and high-quality services.

Although the type of pets covered in the respective policies may differ, the services provided by both the companies ensure that the pets enjoy a good and healthy life, as long as they are covered. Thus it is important to choose the right type of policy for your pet.

References

  1. https://www.petinsurance.ie/Content/documents/PolicyDoc/1598_PetInsurance_Policy_IRL_Premier_A5_V3_web.pdf
  2. https://conservancy.umn.edu/handle/11299/202744
  3. 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
  4. https://mri.ucdavis.edu/mdprogram/review/pdfs/Othman-Neda-OPINION.pdf
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