Figo vs. Nationwide Pet Insurance Compared

Figo and Nationwide are both premier pet insurance providers with excellent comprehensive coverage. Figo is the more tech-related provider while Nationwide has been offering pet insurance for years.

We did an in-depth review to see how Figo and Nationwide compare.

Figo vs. Nationwide Pet Insurance Plans

figo pet insurance logo

Figo’s coverage offers more options in its coverage than most other pet insurance providers. They even have a 100% reimbursement level that is unusual in the marketplace.

Figo will even waive the life-saving care fee for your dog or cat.  Because they are a relatively new company, Figo doesn’t have the depth of knowledge behind it that Nationwide and other providers have.

nationwide pet insurance logo

Nationwide has been around for years and is in the Fortune 100. Nationwide is unique in that it offers pet insurance for all kinds of birds, rodents, and other exotic animals.

They also offer a stand-alone wellness plan and an extremely comprehensive insurance plan that has wellness included.

Coverage Compared

Figo and Nationwide both offer very comprehensive coverage while Nationwide offers wellness coverage in all their plans.

Figo has three different coverage plans.

The lower tiered plan offers very good coverage considering the cost. It only covers illnesses and accidents, but also coverage for medical prescriptions, some alternative therapy, behavioral therapy, and even the fees for the exams.

The two higher-tiered plans include lost pet rewards, holiday or coverage if you have to cancel a trip and even the marketing to find the lost pet. If your pet has any congenital or hereditary conditions that have been clear for a year, Figo will cover it.


 

And they waive the deductible if your pet gets in a very serious accident and needs life-saving care.

The exam fees for vet visits are covered for non-routine care exams up to $50. We like this addition as it can save money if your pet needs to see the vet many times a specific condition or illness.

After a six month period, hip dysplasia and knee conditions will be covered if it is not a pre-condition.  Nationwide does the same but only in their highest tiered plan.

Nationwide offers full wellness coverage in all of their plans.  You can choose the full Wellness benefits if you enroll in their Whole Pet plan or purchase wellness as a stand-alone wellness plan.

Their Whole Pet with Wellness coverage option is very comprehensive and not only offers illness and accident coverage but also the following:  annual physical exams, flea and heartworm prevention, and some vaccinations. Hip dysplasia coverage is even included in this plan.

Their Major Medical plan is similar to Figo’s standard illness and accident coverage. Your pet will be covered for cancer treatments, hereditary ailments, chronic illnesses, but not wellness visits.  You have the option of buying wellness with Nationwide’s Major Medical coverage option or just on its own.

How this plan works is that each accident or injury has a maximum payout per year. While this seems like a good option, if your dog has a serious injury or illness, it’s easy to hit the maximum quickly.

Their Pet Wellness Plan is similar to most preventative care options with coverage of wellness care exams and tests being covered as well as flea control, heartworm, vaccinations and even microchipping your pet.


 

Their Benefit Limits Compared

When looking at benefit limits, Figo and Nationwide only offer unlimited benefits under their more expensive plan. Figo does not use a benefit schedule model while Nationwide offers that option if that is important to you:

Figo‘s plans break down as follows:

  • Their Essential plan has a $10,000 claim limit annually for illnesses and accidents.
  • Their Preferred plan has a $14,000 annual claim limit but also includes lost pet reward, boarding fees (for emergencies) and reimbursement if your dog strays or is stolen.
  • Their Ultimate plan offers unlimited benefits and covers the same things as the Preferred plan, but also vacation cancellation coverage and if your dies unexpectedly, you are reimbursed for the cost.

Nationwide’s plans are all on a schedule of benefits with specific limits of per-annual maximums.

  • The lower level plans have a specific dollar limit that allotted to specific services and conditions according to their benefit schedule.  This can be very limiting and not our favorite type of plan.
  • Nationwide’s Whole Pet with Wellness plan has the unlimited benefit option.

Deductibles Compared

Figo works on an annual deductible and Nationwide gives you an option of either annual or per-incident but Figo has more options to choose from making it preferable:

Figo has annual deductible choices ranging from $50 to $500.  If your pet needs life-saving treatment, Figo will waive the deductible.

Nationwide only offers deductibles of $100, $250 or $500 with their Whole Pet with Wellness plan.  This works as an annual deductible.

Nationwide’s works on a per-incident deductible for each claim you file that is new condition.

Reimbursement Compared

Figo offers more choices of reimbursement levels than Nationwide does making it preferable.

Figo has four different reimbursement options ranging from 70% to 100%. We don’t know of any other provider that offers a 100% reimbursement choice.  Reimbursement is paid on the vet invoice.

The higher the reimbursement level, the lower your monthly premium rate.

Nationwide’s most expensive plan has one reimbursement of 90%.

Their lower coverage plans reimburse on a schedule of benefits with limits for each illness or condition.  This can be very limiting for pets with chronic illness or specific medical diseases like diabetes.

Pricing Compared

happy dog looking at cameraFigo and Nationwide, while both offering extra coverage, are on the pricier side but Nationwide even more so

Figo’s pricing depends on your dog or cat’s age, the reimbursement level you choose, deductible and plans.

The average monthly premium range for dogs is $39 to $49 monthly. Cats range from $25 to $35 per month.

Discounts are available if you have more than one pet, some corporate plans, veterans, and students.

Nationwide’s Whole Pet plan is expensive even though it does offer great coverage.

Nationwide’s Whole Pet plans start at $59 a month for dogs and $31 to insure your cats.

Nationwide’s Major Medical coverage plan averages $33 a month for dogs and $19 to insure your cats.

If you are enrolled in Nationwide’s home or renter insurance policies, pet owners can get a 5% discount on all plans.  A 5% discount rate is also included if you enroll more than one pet.

Claims and Service Compared

Figo is known for really fast claim processing while Nationwide can take up to 30 days.  Figo has better customer service reviews than Nationwide while both have an A + rating with the BBB.

Figo’s claims are paperless and easily uploaded via their mobile app.  They generally will pay claims within 10 days. With direct deposit, your claim will be refunded within 3 days!

Their tech-savvy Pet Cloud is a way for their customers to file each claim, upload invoices, your pet’s medical history, and even contact customer service.  Figo’s cloud even allows you to join a pet community (virtually) to find pet events, dog parks, even appointment reminders. They really are focused on being a tech-friendly pet insurance provider.

Nationwide claims are usually reimbursed within 30 days.  Their claim process can be tracked via your phone in real time.

Waiting Periods and Enrollment Compared

Figo and Nationwide both offer coverage starting at six weeks old, while Nationwide will only allow pets up to 10 years old while Figo allows pets up to 14 years:

You can enroll your dog or cat with Figo starting at 6 weeks old and up to 14 years of age.

Figo’s waiting period for injuries is typically 5 days while illnesses are covered after 14 days.

Patella issues and cruciate ligament ailments are covered after 6 months.

Figo will waive the waiting period of 5 days for accidents and 14 days for illness if you bought your coverage with their Humane Society or Veterinary partnerships while having your pet examined 48 hours before enrolling.

Nationwide also allows you to enroll your pet starting at 6 weeks.  But, Nationwide will not let you enroll any pet over 10 years old. However, if you pet is already 10 and you have been an active member, your pet will have coverage for the rest of his or her life.

Waiting periods for illness and accidents with Nationwide are 14 days and their wellness begins 24 hours after enrollment.

Nationwide also offers their own 24/7 pet hotline for any question you have for your pet.

Summing It Up

Both Figo and Nationwide both offer excellent policies, but they tend to be more expensive than others.

Give them a call and find out for yourself if Figo or Nationwide is the right fit.   If you would like to get quotes from some other excellent companies in our annual best pet insurance guide of 2018.

We will be happy to hear your thoughts

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