Anyone else quoted a massive increase in pet insurance?

[shopsalot]

I have paid for pet insurance for my dog since I got him when he was 8 weeks old - he is now 3yo. Always been with the same company Manypets (Boughtbymany) - and took out the 'best' policy so lifetime policy with a high limit £15k. I was paying £39 and it has now increased to £69! He has had no health issues and the one expensive claim £650 was because he cut open the back of his leg and had to be stitched up.
Anyone else had this? Anyone had an increase and changed insurers? I feel a bit backed into a corner - I want to cover my dog but pet insurance doesn't seem as simple as car insurance!

I am (soon to be was with) bought by many, it's gone up from £28 to £46 a month for a 3 year old dog and we have never claimed! I won't be renewing at that amount.

I've cancelled mine 🤷‍♀️
I'm not paying £120 a month for a cross breed 3 year old dog just because he is half shar pei!
He doesn't have any of the problems of that breed (he only has one wrinkle ffs).
I will pay vets out of pocket if needed.

My partner kept saying cancel the insurance and put the premium money aside each month so you can pay any vet bills. Then I acquired 2 cats who ran up £15,000 worth of surgery in 18 months between them. I’ve decided my insurance premiums are worth it!

Yes, I'm with Insurance Emporium who used to be reasonable, and I have a large breed (Newfoundland) however, for lifelong condition cover:-
2019 £46 pm (claimed for elbow problem)
2020: £46 pm (no claims)
2021: £87 pm (brought down after haggling but not by much)
Plus I have an excess and a % contribution to pay for each condition.
Basically I'm stuck as elbow condition likely elbow dysplasia which will flare up when she's older. Can't swap to another as elbow is now a pre existing condition.
Starting to think that it would be cheaper to do equity release on my house 🫤

Hate to say it but if you've had a cruciate done and are with animal friends then they won't cover the other side anyway as they say it's bilateral.

Prices do seem ridiculous and i have to admit i did contemplate having it but my dogs breed was well known to have issues so insurance is vital. I had a £4,000 per condition limit, so essentially could claim for multiple unrelated conditions up to that amount which for £30 a month seemed good to me!
I claimed within the first year £4,000 in one go, when my renewal came around it doubled to £60. I had 1 other small claim over the next couple of years about £400 i think, my renewals only went up a couple of pounds per month for 4 years. This year i had another £3,500 claim which unfortunately was the last as my girl died.
I don't have savings or access to large amounts of money so in my opinion insurance is worth it despite it seeming so expensive!

For us the year we claimed is was obviously cheaper but my dog has a heart condition and whilst they would continue to cover him, the premium increase matched the ongoing treatment costs and then some.- we pay ourselves now.

Yes! I got my rerate notice yesterday and it's a huge increase.

And I live in another country, so you are not alone.

I can't even downgrade as my one dog is on lifetime medication which they partly cover.

I think they have taken advantage of the cost of living increases and just putting huge increases on each policy assuming we love our pets so much we will pay whatever it is. I have to dogs over 11 and used animal friends. When dogs get older you pay 20% of the claim that includes the excess! Dental work not covered or pre existing ailments. It comes to a point when I think if mine had anything serious maybe I should let them pass away without putting an old dog through treatment / surgery anyway. When I get my next dog I will definitely be going to a rescue and getting a mongrel that are a lot cheaper to insure.

Yep

And this is how the NHS will go too, if we keep voting Tory.

I’ve just cancelled my policy with them. Last year £30, renewal £50 last claimed 2020 which was only about £100.
My 4yo vizsla is now insured with sainsburys for £20 pm.

Not a dog (although I have a dog) but one of my rabbits has just renewed with a £20 increase, which is a 12% increase.

In my case it isn't worth it doing it that way, as the current yearly cost is just about the same as the annual jabs which they pay for in full. So I would be paying this amount out anyway. I think ours is far cheaper than yours though as I have two dogs covered for what seems to from this thread what you pay for one. My increase converted is about 8 pounds more per month for both dogs, which I thought was quite a lot.

And they cover prescription food for my arthritic dog (not in full but it helps) and his meds, so I have to just carry on and pay it, as in the long run it really does work out cheaper.

And then there are all the unexpected bills, like my other dog who spent the night as she decided to chomp on something dodgy which gave her a stomach infection.... So for those like me, its is a must have, so really we will just pay whatever the increase as we have to. But something somewhere else will need to be cut to cover the difference.... sigh

Is this per year or per month?

I'm quite lucky from looking at some of these quotes. Lifetime cover. £42.00 a month. Our boy is getting on now, 10.5 years. We do have to pay 20 % of claim due to his age and of course the excess gets bigger. Annual cover is £7000.00
I've claimed twice this year but they were very good when l asked if this would affect my payments. I was told once l had made one claim the policy will go up 20% the following year.

BoughtByMany was always known for big hikes at renewal within the industry. Problem is they pay their customers for referrals so people keep recommending them just to get the Amazon vouchers. For me a recommendation when it is paid for isn’t really a recommendation and these people don’t have the questioners best interest at heart

That surpises me @SarahSissions because I thought they were only about 5 years old? That's very new to be getting a reputation for hikes.

I guess lots of people might have experienced bigger hikes than me - or I am unrealistic about execting premiums to go up so not too shocked by it iyswim.

Maybe I should be.

its a typical new player tactic in the insurance industry. Price low, win new business, hike the prices.

Yep, I know a lot of people who have been stung.

They're also now stuck with expensive policies because they've claimed at some point - and now have numerous pre-existing conditions that won't be covered elsewhere.

We had to take our little schnauzer to emergency vet after grass seed caught behind her eye. She is insured but we had to pay immediately (£850) and now waiting for payment from insurer. We put the payment onto a credit card but Im sure in the past the vet was happy to wait until insurance came through.
I had toyed with the idea of cancelling insurance and opening a savings account but pleased that I didnt!

Many pets are disgusting
my policy has just jumped from from £125 a month to £250 a month
admittedly she has monthly meds for osteoarthritis but they are asking way beyond what her meds cost but at nearly 10yrs old and pre existing can’t change but don’t feel I can have no insurance as you just don’t know what’s round the corner

Wow @JoJo6969 I thought I was being fleeced with £90/mo for my big 10 year old dog by PetPlan. To be fair, I pay £90 and claim £156 each month now.

I know @ Lougle
I took them to the ombudsman last year and lost
completely stuffed
this will be my last year for insurance
don’t even break even but will stay covered for one more year

Sorry, I know I’ve banged on about this before.
But taking your example I calculate over the three years at £30 per month you’ve paid £1,080. You’ve claimed £350. If you’d put the same amount by in a seperate little savings account you’d now have £730 surplus saved. Doing this year on year means you have the money instead of adding to insurance company profits.
I’ve always had multiple dogs so couldn’t afford the high premiums for them all so I’ve been doing this for decades & the balance in their little account, even with several high cost operations going out of it, is a very healthy tens of thousands pounds. They’ve always had all their medical needs met, no arguing with reluctant insurance companies ( which friends have encountered) & a nice little nest egg for extras for them.
I know it doesn’t suit everyone but if you’ve more than one or two dogs especially it does work.