Pet Insurance Premiums! What to Expect Year after Year. (Petplan)

[Laurie, Fudge, and Vern]

I have been charting my pet insurance premiums since I started and wanted to share it with all of you. My polices for both dogs are with Pet Plan. I know the premiums have gone up, but when I think of what one catastrophic illness could cost me, the peace of mind is worth it for me. I thought this is good for others to know, so you can plan for insurance for your dog/dogs.

Fudge

2009    143.56

2010    143.56

2011    167.69

2012    206.60

2013    246.40

2014    308.00

2015    385.00, ((also we moved from PA to MI and upon date of move, policy year changed from                                  March to October and I payed an additional premium of 190.84 (after they brought                              over 158.84 from the old policy)  to take the policy from 3/2015 all the way to 10/2016))

2016    469.20  (new underwriters and new policy change, $15,000, 80%, and $300 Annual                                           deductible, no longer per incident)

2017     603.10

2018     693.96

Vern

2010    143.56

2011    167.69

2012    182.93

2013    221.07

2014    276.34

2015    345.43  (also we moved from PA to MI and upon date of move, policy year changed from                                  April to October and I payed an additional premium of 143.57 (after they brought                                  over 150.45 from the old policy)  to take the policy from 4/2015 all the way to                                        10/2016))

2016    407.97  (new underwriters and new policy change, $15,000, 80%, and $300 Annual                                           deductible, no longer per incident)

2017    524.37

2018     603.49

My rates include a 15% discount and my coverage started with coverage for vet fees of $8000, 80% reimbursement level and $200 deductible and is now $10000 coverage, 80% reimbursement level and $200 deductible.

Read more here: http://www.doodlekisses.com/forum/topics/question-about-rising-pet-...

[Laurie, Fudge, and Vern]

That is important information you shared and it does seem like you are getting your money's worth. 

[Karen, Jasper and Jackdoodle]

Thanks for posting this, Laurie, it's good information. 

One of these days I'll go through my checkbook and add up JD's vet expenses for 2014. No matter what anyone is paying for insurance, that will make them feel they are getting a bargain. :)

[Karen, Jasper and Jackdoodle]

Just did February 2015. $277 in vet bills, and that's the shortest month of the year, lol. 

[Laurie, Fudge, and Vern]

Yikes...my two had their annual exams, shots, and I got a 6 month supply of Frontline. I think it was somewhere in the $600 range. 

[Laurie, Fudge, and Vern]

You should probably have wine in hand during the addition :)

[Joanne ~ Spud*]

Wonderful chart and a perfect example.  Thank you, Laurie. Mine are similar.  

[Oliver & Elizabeth]

We have Trupanion, and while rates are hard to compare, here's the info for those that are interested. Oliver's premium didn't change last year so it will be interesting to see what happens in 2015. Essentially, it comes down to about $35 per month, which IMO is a great deal for peace of mind.

Oliver is three and lives in Seattle, for 10% coinsurance (any service type), $500 deductible, and unlimited payout.

2012 - $382.20
2013 - $411.72
2014 - $411.72

[Laurie, Fudge, and Vern]

This is good for those looking to shop around for Insurance. Good to see another Insurance companies premiums. 

[Lisa, Daisy & Dexter]

Laurie, are you sure you are only getting $8000, the Bronze plan now covers up to $10,000 with 80% and $200 deductible, and a 15% discount.

We have Silver, $14,000 for both dogs and the 80/200

This years cost $297 for Daisy and $177 for Dexter

I too watch the costs go up and up. When I questioned a rate hike they told me it would start leveling out at around age 6...Daisy will be 6 in October and our yearly premium is in November so we will see if I get hit or not.

Others may scoff at the fact that I am paying for Pet Insurance, I say peace of mind is totally worth it. Also, Daisy is eventually going to have cataract surgery done on her right eye. I have been pre-approved for that $4000 + surgery. Out of Pocket $1000 - well worth the cost. So far Petplan has cost us $1093 for 5 years coverage. Do the math, it is worth every cent.

[Laurie, Fudge, and Vern]

Lisa, You are correct. I just checked and somewhere along the line, it was raised to $10000, 80%, and $200 deductible. I just fixed my discussion. Thank you! Money well spent.

[Leslie and Halas]

Halas is a little higher than Fudge and Vern.  It's totally worth it to me.  We've only used it once, so it hasn't paid for itself.  But it wouldn't take much for it to pay for itself.  One accident or major illness would be much more than what we've spent on premiums over the years.

[Laurie, Fudge, and Vern]

I have used it a couple of times for Fudge. Never for Vern, but still worth it for us. Glad Halas hasn't had to use it, but the one time. Was that when he strained his shoulder trying to smother you? LOL