My Petplan insurance went up 17% - ridiculous? - German Shepherd Dog Forums
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post #1 of 24 (permalink) Old 01-20-2011, 11:19 PM Thread Starter
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My Petplan insurance went up 17% - ridiculous?

My GSD turned 6 on 12/10.

I signed him up with Petplan when he was 4 at $32.52 a month.

At 5 it went up to $37.54 a month.

Now I've been informed that for this year, the rate will be $44.65 a month.

Trending that out until he's 11, I'll eventually be paying almost $80 a month.

I like Petplan because it's catastrophic coverage only. Most of the other plans charge more for things I don't need, like annual exams, etc. I'd rather pay for those on my own because it's cheaper to self-fund those. But if he comes down with a serious illness, is in an accident, or something, I want coverage.

I'm wondering if these rates are too high or if they're about right for his age. I don't expect to pay puppy rates but the year-over-year increase concerns me.

Thoughts?
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post #2 of 24 (permalink) Old 01-20-2011, 11:24 PM
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At $44.65 per month, that's $535.80 for one year. You said roughly $80 per month when he's 11 if it keeps increasing like it is, which is less than $1,000 for the year.

Does the insurance cover something like hip displaysia or only something like if he's hit by a car? Because if he ever needs hip replacements, I think someone said it can be $6,000 per hip, give or take. I think that if you can afford it and you like your plan, stick with it. Just make sure YOU feel like it's worth it. Even if you never need it, it's best to have it just in case.

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post #3 of 24 (permalink) Old 01-20-2011, 11:51 PM Thread Starter
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The plan covers 80% of anything, up to a maximum of $20,000 per year with no lifetime maximum. There's a couple other benefits (death is $1,000, etc.) but that's basically it. There's a $200 deductible. They definitely do cover hip displaysia.

So like I said, it's catastrophic coverage. My thought in buying it is if that he needs hip replacement or cancer care or something, I'd like to have it. But the annual visit where he gets his shots is something I pay for. (Of course, I'd prefer to never ever have to use it at all!)

I appreciate your point and agree that value is in the eye of the beholder. I'm just wondering if others have other plans that they are happier with...though at this point, switching insurance might be as expensive.
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post #4 of 24 (permalink) Old 01-21-2011, 12:02 AM
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We've saved up a sizable chunk of an emergency fund over the years, which is the only reason I don't have insurance on the dogs. Personally, it's worth the cost of a couple of pizzas per month to not have to make those heartrending decisions with your wallet. If I didn't have the emergency fund, I'd probably have Petplan or something similar.


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post #5 of 24 (permalink) Old 01-21-2011, 12:07 AM
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Hm. Just for fun I went to the petplan site and got a quote on Rocky, who will be 9 in a few months. For their Gold plan, $20k in coverage, $200 deductible, 80% copay they quoted me $42.07 per month. You might want to call them and rattle their cage a little. Tell them you've gotten better offers from other companies and would like a better rate.


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post #6 of 24 (permalink) Old 01-21-2011, 08:57 PM
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My Petplan insurance went up about a $100 a year. They told me that they are switching underwriters so thats the reason for the price increase.
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post #7 of 24 (permalink) Old 01-21-2011, 09:34 PM
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Have you tried Trupanion? When I check with them before their rates seemed good and they do not offer the routine care.

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post #8 of 24 (permalink) Old 01-21-2011, 10:08 PM
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I pay $600 a year ($50/month) for the Silver 100% coverage $100 deductible, but I just started it a couple months ago, so I'm sure my rates will be raised next year.

Just an FYI, if you switch plans, anything 'on the books' is considered a pre-existing condition. So if you had many issues with your dog and they are on going and want to keep pet insurance make sure you check out what they consider pre-existing. Basically they know they can raise the rates and most won't cancel because their dogs have many pre-existing conditions (at least it's this way with petplan).

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Last edited by unloader; 01-21-2011 at 10:11 PM.
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post #9 of 24 (permalink) Old 01-22-2011, 12:47 AM
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one thing you could do to get the rates down is drop down to the 12000/yr coverage and/or raise your deductible.

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post #10 of 24 (permalink) Old 01-22-2011, 11:33 AM
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Yikes! I had health and mortality on my 30K horse for less than what you guys are paying--what a ripoff!

Anyhow, I'd imagine that you could up your deductible quite a bit--say, to $500, and drop the 20K a year. I think it would be fairly hard to rack up 20K a year in vet bills. Hip replacements aren't even that bad these day (not sure where the number of 6K a hip came from...anyone paying that much for a hip replacement in a dog is definitely paying too much). I think even dropping down to 15K a year would be plenty of cushion.

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