Pet Insurance

mrwalk

I was wondering am I the only one who notices such a big increase in pet insurance. I have just had a quote for this year with M&SMoney and it has increased by 33% from 15.99 a month to 22.99 a month.
My dog is only 5 years old and in good health and I have never made a claim over the past 2 years I have been with them.
Year 1 = 11.99per month £143.99
Year 2 = 15.99per month £191.88
Year 3 = 22.99per month £275.88

I hate think what I may have to pay next year.

Mrwalk

campervancrazy

is there a reason you prefer to stay with them or would you change? my 5 year old dog (mongrel though which makes a difference) is with sainsburys at £8.90 per month ( and £50 quidco cashback) and the cover is pretty good, might be worth looking at?

mrwalk

I will be looking around to see if I can get a better deal as I have 3 dogs and would be paying more from them than I do in car insurance. Thanks I will have a look at them

beardiedog

Just got my renewal docs and it has gone up

Year 1 £14.39 = £172.68
Year 2 £18.99 = £227.88
Year 3 £21.99 = £263.88

A 53% increase on year 1 :eek:

He's 3 years old and healthy. I haven't claimed at all so it's time to move on to a cheaper option I reckon. I also have my car insurance with them and that's gone up 20% on last year.

yalik

This is how most pet insurances getting new business. the start cheap and increase their policies over the years. they are relaying on possible exclusion that pet owner may have and therefore are less likely to change. some may increase their policies based on previous claims. there are few, such as Pet plan that are increasing their premium based on their total clientèle, which results in a more slow and steady increase. They are not the cheapest though, but by far the best. Sainsburys are good but they tend also to increase their premium erratically.

whatever you choose, make sure it is a life long policy because the last thing you need is to find out that your pet is not covered for a condition due to a related condition he/she had last year, or that god forbid the pet has life-long illness like diabetes and it is only covered for one year.
another thing you may wish to look at is that the excess is not a percentage of the claim. they usually start very low and this can become 30% later on. a very expensive hidden claw.