The best lifetime pet insurance policies
Bought By Many - Complete - £15,000 for vet fees
Sainsbury's Bank - Premier Plus - £13,000 for vet fees
John Lewis Finance - Premium - £12,000 for vet fees
More Than - Premier - £12,000 for vet fees
Petplan - Covered For Life Ultimate - £12,000 for vet fees
LV= - Premier - £10,000 for vet fees
Tesco Bank - Premiere - £10,000 for vet fees
M&S - Premier - £7,000 for vet fees
We've ranked the best lifetime pet insurance policies based on vet fee limits. Bought By Many's Complete cover is the most comprehensive pet insurance policy on the market.
The majority of the providers here also made it into our list of the best pet insurance for dogs.
We only looked at policies with at least £7,000 for vet fees a year. Many companies, however, do offer lifetime pet insurance with smaller vet fee limits. Where there were companies with equal limits to those on our list we also looked at other factors, such as ratings from expert reviews sites such as Fairer Finance.
Compare lifetime pet insurance policies
This is a breakdown of some of the cover levels of the policies on our best lifetime pet insurance list.
|Policy||Vet fee limit||Loss & theft||Death||Lowest excess for pets under 9||Your quote|
|Bought By Many - Complete||£15,000||£6,000||£6,000||£99||Get a quote|
|Sainsbury's Bank - Premier Plus||£13,000||£1,500||£1,500||£99||Get a quote|
|John Lewis - Premium||£12,000||£1,500||£1,500||£60||Get a quote|
|More Than - Premier||£12,000||£2,000||£2,000||£100||Get a quote|
|Petplan - Covered For Life Ultimate||£12,000||£2,000||£2,000||£100||Get a quote|
|LV= - Premier||£10,000||£1,500||£1,500||£75||Get a quote|
|Tesco - Premiere||£10,000||£1,500||£1,500||£60||Get a quote|
|M&S Pet insurance - Premier||£7,000||£1,500||£1,500||£50||Get a quote|
What does lifetime pet insurance mean?
Lifetime insurance covers vet fees up to the policy's limit each year.
If you renew a lifetime policy each year, the level of vet fees will reset to the full limits you started with. It is important to note that your premiums are likely to increase each year at renewal.
There should be no limit to the number of claims you can make and all claims will be paid until you reach the vet fee limit of your policy.
For example, if your policy comes with £10,000 of vet fee cover and you make a number of claims that total exactly £10,000 within the first 10 months of a policy you would not be able to make any more claims and would have to pay for any subsequent vet treatment that year yourself. However, when you renew at 12 months your cover would reset and you will again have £10,000 to use.
This is useful if your pet suffers a chronic or recurring condition that develops after you have bought cover as the vet fee limit will reset every year you renew and continue to cover the condition.
This is different to time-limited or per-condition policies. With time-limited or per-condition policies, there will be a financial or time limit per condition. Once that limit is exhausted, you won't be able to claim for that condition anymore.
Learn more about what each type of pet insurance offers in our pet insurance FAQs.
Is lifetime pet insurance worth it?
Whether lifetime pet insurance is worth it for you will depend on your circumstances and on what you want from your cover.
The main benefit of a lifetime policy is that your vet fee limit will reset in full each year you renew your policy. This means that if your pet gets diabetes in the first year of a lifetime policy with £7,000 of vet fee cover, and you claimed up to that limit, you will again be able to claim up to £7,000 for diabetes when you renew your policy.
It also means that if you claim over £7,000 in one policy year, you will have to cover the rest of the vet fees yourself. But when you renew your policy there will be a new £7,000 to use again if it is needed.
It is worth noting that your premiums may increase each year, so what you pay when you first buy your cover is likely to be a lot lower than what you'll be paying when your pet is older. You will, however, continue to be covered for any conditions you've claimed for in previous years of the policy.
When looking for a lifetime pet insurance policy on a comparison site, make sure to look at the vet fee limits as well as the prices. Some providers offer policies with as little as £1,500 for vet fees. The average pet insurance claim is currently over £700.
The lower limits would make the policies cheaper and therefore put them on top of comparison site results.
Lifetime pet insurance reviews
The providers on our list have all received high ratings from independent financial providers and good customer reviews.
We have reviewed the products and services of most of them:
- More Than pet insurance review
- John Lewis pet insurance review
- Sainsbury's pet insurance review
- PetPlan pet insurance review
- LV= pet insurance review
- Tesco pet insurance review
- M&S pet insurance review
Bought By Many Complete insurance review: Complete is currently the most comprehensive type of pet insurance on the market. It comes with £15,000 for vet fees.
Complete charges excess once a year rather than per claim and comes with an option of an excess of £69 or £99 plus 20% co-payment for pets under 9. This gives you the opportunity to adjust your monthly premiums.
For pets over 9 you will have a fixed excess of £99 per year if you claim plus 20% for each claim.
Complete has been rated 5 stars by an independent financial provider and we have received over 9,000 5-star customer reviews on Feefo.