Finding suitable pet insurance when your furry friend is getting older is pretty challenging. Un-furr-tunately, there isn’t a one-size-fits-all pet policy to cover your loyal companion, but you can still find good pet insurance that does not increase with age.
Read on as we are about to run you through the insurance policies suitable for senior dogs.
When is My Pet Considered ‘Senior’?
Having a healthy dog is Dog-send, but no matter how much you hate the fact that they’re nearing their end after 14 years – it’s still something that breaks our hearts. The first sign that your furry pal is getting older is slowing down, and this usually happens around the age of seven, since the middle age for larger breeds comes sooner.
Whether they stop racing like mad in the park or no longer skid across the wooden floor the second they hear a postman coming closer – it means that your pet is becoming older. Due to this, some pet insurance premiums can become more complex and more expensive.
Why Does Pet Insurance Increase With Age?
Just like people – pets get older – and the risks of developing dental and other health problems increase, resulting in the need of constant medical care. The most common health conditions in older pets include:
- Dementia
- Arthritis
- Diabetes
- Kidney Diseases
- Gum disease
- Blindness
- Cancer
These health conditions make pet owners purchase pet insurance, even though they need to pay higher premiums since their pets are old.
How Much Does Pet Insurance Increase Each Year?
Pet insurance companies provide different pricing plans. For dogs, the average monthly cost is $48.78, whereas for cats, the price is $29.16 on average for accidents and conditions. To be more precise, if you own a dog, you will probably pay between $25 and $70 per month and between $10 and $40 if you have a cat.
When it comes to the pet insurance premium increase process, you should know that it starts once your pet turns 3 years. While different companies come with different prices – the third birthday will probably increase the price by about 26%. The prices rise as years go by, and while the 10th birthday may bring a 231% raise, the 13th can spike up to 413% of the initial price.
Which Pet Insurance Does Not Increase With Age?
The only pet insurance company that does not increase premiums with age is Trupanion. Trupanion offers lifetime coverage for dogs and cats up to 14 years of age, with a reimbursement rate of 90% on all eligible care. This means that you’ll pay the same premium for coverage, even as your pet gets older and more likely to need veterinary care.
Trupanion’s premiums are based on a number of factors, including your pet’s breed, age, and location. However, unlike other pet insurance companies, Trupanion does not increase premiums based on age alone. This makes Trupanion a good option for pet owners who are concerned about the cost of pet insurance as their pet gets older.
It’s important to note that Trupanion does not cover pre-existing conditions. However, if your pet has a pre-existing condition and recovers fully for at least 180 days, Trupanion will cover future occurrences of that condition.
Overall, Trupanion is a good option for pet owners who are looking for pet insurance that will not increase in price with age. However, it’s important to compare Trupanion to other pet insurance companies to find the best coverage for your needs and budget.
- Trupanion vs Healthy Paws
- Trupanion vs Lemonade
- Trupanion vs Embrace
- Trupanion vs Pets Best
- Trupanion vs Nationwide
- Trupanion vs PetsFirst
Final Thoughts
Whether to purchase pet insurance is much more than a financial decision – it’s also an emotional one. People buy pet insurance to ensure their pets will be able to get the finest medical coverage in case they get injured or sick.
You can never be sure whether your pet will face severe or moderate medical problems. Still, it’s always a good idea to get pet insurance to help you cover the potentially expensive procedures and exams.
