1
out of 5
POSTED: | BY: Abby Balaban
Exorbitant Rate Increases
This review is solely based on rate increases that you need to understand before getting insurance with Trupanion for your 1 yo mixed breed male dog between 20-55 lbs.
Prices have gone up everywhere but I was told that yearly my rates typically would go up about $4 a month and they did for a couple of years. Well fast forward when my rates started 11/2019 and now it's going to be 11/2024. My current monthly increase now totals $120.66. It was $58.83. at age 1. Last year it was $85.88 a month. Doing the math averaging out on percentage's a year, that would be approximately 21% a year or as of 11/2024, 5 years later, a total 105% increase. If you do not mind that, than go for it.
Never had a problem with them paying for claims ($500 deductible for new incidents, there were some exclusions for pre-existing conditions (allergies and IBD, inflammatory bowel disease) and I was covered at 90% with no ceiling. There are cheaper plans with them. Maybe check those out. I'm just giving you the skinny on the particulars of my plan.
So last year the increase was about $18 a month, this year closer to $35 a month but, hey, I'm told it could also go down when the vet prices go down (told that story line last year too). I live in Denver, that's definitely not happening.
My recommendation, if you live in a state that has high vet costs, shop around and think about the future when your dog is likely to need more medical help. But I must point out again, that they did say the rates could go down... uhuh. My home/car insurance with Nationwide told me the same line of.... and in 11 years that never went down even one time.
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