TRUPANION rate hike!!!

M

Mikos_Mom

Forums Enthusiast
Did anyone else with a Trupanion policy get this email recently? My dad just received this email about his policy.

Advancements in veterinary medicine continue to improve the quality and lengthen the life of our pets. As cutting-edge technologies and techniques become the standard of care, Trupanion is committed to making these new options available to our policyholders. As a result, a rate adjustment is planned for 2011.

Effective 1/13/2011, your new monthly rate at your current deductible level is shown below, as well as additional premium options at various deductible levels.
Pet Name: Lucy
New Monthly Premium - $159
If $250.00 Deductible - $108
If $500.00 Deductible - $85
If $1,000.00 Deductible - $52


They are TRIPLING their monthly premium! They were paying $50-something a month for a $0 deductibel.... now it's going to cost $159!!!

I'm so glad that something went wrong with my Trupanion registration and that I didn't actually end up purchasing a policy with them. I think I'll just put $55/mo (what my policy was supposed to cost) into a savings account rather than messing with insurance. It seems like a scam!!! :mad:
 
Whoa! That's insane. I have trupanion and if my coverage triples, I'll have to cancel it and just put money aside every month instead.
 
I don't have insurance for my dogs, but my insurance for myself isn't even that high for a month! :eek2: And I've got the "good" (lowest) deductable!
 
Yikes. I'm glad I went with PetsBest! As long as they don't raise their rates, that is....
 
Well, January of 2011 will mark the 1 year mark for his policy... so I'm wondering if this isn't something that they do to everyone. Suck them in with a reasonable rate and then sock it to them after a year. :mad:
 
Mikos_Mom said:
Well, January of 2011 will mark the 1 year mark for his policy... so I'm wondering if this isn't something that they do to everyone. Suck them in with a reasonable rate and then sock it to them after a year. :mad:
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I've had trupanion for over year and I haven't received that email. Maybe you should call them to confirm it? It might have been a mistake. That is a drastic increase. If they did that to everyone, many people would cancel their policies and they'd have really bad reviews.
 
take4roll10 said:
I've had trupanion for over year and I haven't received that email. Maybe you should call them to confirm it? It might have been a mistake. That is a drastic increase. If they did that to everyone, many people would cancel their policies and they'd have really bad reviews.
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I think that Trupanion in the U.S. and Canada are actually separate entities... so maybe it's just Canada. I told my dad and step-mom that I'd check with Trupanion customers here to see if anyone else got the email. I'm sure they'll angrily be contacting Trupanion any day now!
 
Just a little update...

Back when I was researching Trupanion coverage for Miko I was quoted about $55/mo for a $0 deductible policy. Out of curiosity I wanted to find out how much my dad was paying for the same policy for his Boerboel (South African Mastiff)... at that time the quote was only a few dollars more.

Now, Miko's quote has gone up to $62/mo... but the quote for a Boerboel has gone up to $129!!!!!! So, I'd say that my father's choice of breed is what is costing him so dearly. Don't even ask me why he insists on having "odd" breeds. He always has one rescue mutt and one p/b dog. So far it's been an English Bull Terrier (I looooooved this dog and would have one myself if I had the right living situation for it!).. a Bullmastiff and now a Boerboel. Unfortunately, none of them are very healthy or long-lived breeds. :(
 
I was researching pet insurance about 6 weeks ago (I still haven't decided). I got a quote from Trupanion at that time. After I saw your post, I went back for a current quote. The quote for a $500 deductible has actually gone down ($2) but the quote for $0 deductible has gone up ($9).
 
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I work in the insurance business, but have not dealt with pet insurance. Have thought of doing some shopping one of these days. No matter who I am talking to as a client or prospective client, my advice on deductibles is to self insure what you can afford to pay, protect yourself from the large expenses you don't want to pay our of pocket. On health insurance for humans and with the fast escalating costs of services provided and premiums we pay most insurance companies have premiums in such a fashion it makes more sense to have a high deductible than low deductibles. Just some food for thought.

Rolland
 
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