Pet insurance is a valuable way to protect your furry friend in case of illness or injury. But as your pet gets older, you may wonder if their insurance premiums will go up. The answer is, yes, it is likely that your pet insurance premiums will go up with age.

Do Pet Insurance Premiums Go Up with Age?

Why Do Pet Insurance Premiums Increase with Age?

There are several reasons why pet insurance premiums increase with age.

1. Increased Risk of Illness and Injury: As pets get older, they are more likely to experience health problems, such as arthritis, cancer, and heart disease. These conditions can be expensive to treat, and pet insurance companies may increase premiums to cover the increased risk.

2. Higher Vet Costs: Veterinary costs tend to increase over time, as new technologies and treatments are developed. This means that the cost of treating a pet's illness or injury can be higher for older pets, and pet insurance companies may pass these costs on to policyholders in the form of higher premiums.

3. Longer Life Expectancy: Pets are living longer than ever before, thanks to improved veterinary care and nutrition. This means that pet insurance companies have to pay out more claims over the lifetime of a pet, and they may increase premiums to cover these costs.

How Much Do Pet Insurance Premiums Increase with Age?

The amount that pet insurance premiums increase with age will vary depending on the insurance company, the pet's breed, and the pet's health status. However, as a general rule, you can expect to see an increase in premiums of about 10-20% per year as your pet ages.

How to Keep Pet Insurance Premiums Low

There are a few things you can do to keep your pet insurance premiums low, even as your pet ages.

1. Choose a Pet Insurance Plan with a Lifetime Maximum: A lifetime maximum plan will cap the amount that the insurance company will pay out over the lifetime of your pet. This can help to keep premiums lower, especially as your pet gets older and is more likely to incur expensive medical costs.

2. Increase Your Deductible: A deductible is the amount that you have to pay out-of-pocket before your insurance coverage kicks in. By increasing your deductible, you can lower your premiums. However, be sure to choose a deductible that you can afford to pay if your pet needs medical care.

3. Shop Around for Pet Insurance: There are many different pet insurance companies out there, and each one offers different plans and rates. Be sure to shop around and compare quotes from multiple companies before you choose a plan.