We’re transparent about our premiums so read on to learn how we determine your monthly cost, how you can reduce this, and other helpful info about policy renewals.
How to counteract premium changes and keep costs down
You don’t have to wait for your policy renewal to reduce your premium. Head to your customer account and adjust your coverage options until you’re happy with the monthly premium payment.
Try lowering your reimbursement percentage or annual maximum, and/or increasing your deductible.
Will my Paw Protect insurance premiums change at renewal?
- Pet’s age – it’s likely your pet will develop costly health conditions as they age which will prompt more frequent veterinary care. Your premium may increase to reflect this.
- Breed-specific conditions – some breeds are likely to develop specific health issues over time. Increased premiums reflect the shared risk of costly vet care.
- Minimum state rates – every state has a base rate for insurance providers. All premiums in your state will increase by the same percentage based on a risk assessment completed by our underwriter. This rate is then approved by your state’s department of insurance. Veterinary inflation is also accounted for in the base rate.
- Discounts – policy discounts are reviewed every year. If a discount is no longer approved or offered by Paw Protect or your state, it‘s removed at renewal which may increase your premium.
How can a change of personal details change my premium?
Your premium may change before your renewal due to an address change*, adding or removing pets, and updates to coverage.
*Your geographic location may affect your monthly premium cost. Living costs associated with your area are reflected in your premium and are used to ensure payments are fairly determined for each member.
How will I know if my premium has changed?
We’ll send you an email with your renewal premium at least 35 days before your policy renewal date, so you’ll be aware of any changes to your premium with plenty of time to spare.