Does lifetime pet insurance go up every year?

Most likely. As pets get older, the likelihood of them getting ill and making a claim increases. Even if you haven’t made a claim, your renewal may still be higher due to inflation, costs and the other factors we’ve listed above with lifetime pet insurance .

How can I keep insurance costs down?

Increase your excess or co-payment You could ask your insurer if you can increase your excess or co-payment, as this may reduce your insurance price. Just remember that the co-payment and excess is the amount you pay towards any claims, so you might need to pay a bit more towards any future claims you make. You might conclude that the renewal price is right for you, though higher, and you’re happy to continue with your cover. Be aware of pre-existing conditions We can’t emphasise this enough: if your pet needed treatment for an injury or illness in the past, you may only be covered for that particular condition if you renew with your existing provider. It’s because most pet insurance plans do not provide cover for pre-existing conditions, and a new insurer may decline a claim for any condition your pet had before taking the policy out. It’s why it’s important to read your handbook or the T&Cs before making the switch. But that doesn’t mean you shouldn’t switch; you just need to balance the potential cost of paying for that condition against the benefits of moving.

Why does my pet insurance go up every year?

We can’t say about your insurance policy in particular, but price increases happen for numerous reasons, from inflation to increased health risks. Our list above explains the factors that influence renewals.

Does pet insurance go up if you claim?

Usually your premium will increase at renewal if you claim. This also suggests you're likely to make more claims in the future.

Why is pet insurance so expensive?

We know costs are increasing across all services, and insurance is no different. At ManyPets we have options for you to reduce your price at renewal, including: