Pet Insurance Premium Increase

45 annual premium increases.

Pet insurance premium increase. Pet insurers also cite this statistic. Premiums increase as pets age the saying better with age applies to wine and fine cheeses but probably has never been said about pet insurance premiums. That sounds scary but in a country of 185 million cats and dogs that s about a 3 percent chance over a year. While embrace will never reduce the coverage for aging pets the premiums do go up a bit each year as our pets get older to account for the increasing risk of illness.

Once enrolled keep in mind that as your pet ages your pet s premium will increase. Pets as they get older tend to develop more illnesses and have more injuries. Unfortunately we ve had to file a number of claims this year due to multiple utis and cases of giardia. We ve had healthy paws for 10 months to cover our golden retriever puppy.

A record number of pets in north america more than 2 million were covered by insurance last year up nearly 17 percent according to the north american pet health insurance association. Meanwhile the average annual pet insurance. 45 annual premium increases. Five year increase in average pet insurance rates.

Pet insurance does factor in the age of your pet at enrollment and renewal.