Pet Insurance for Dogs & Cats - Trusted Pet Health Insurance (2024)

FAQs

Why is Trupanion so expensive? ›

Trupanion's pricing is likely higher than average because all plans include unlimited coverage and a 90% reimbursem*nt rate. Your plan cost will vary depending on where you live and your pet's breed, age and species. Premiums may also increase incrementally each year as your pet ages.

Ultimately, pet insurance can be helpful for many situations, especially if you want to reduce the stress and difficult decisions that can stem from unexpected vet bills. In general, you want to shop for pet insurance sooner than later so that it's more cost-effective, but even older pets can be insured.

Depending on your provider, you can use accident coverage as soon as 48 hours after signing up. Illness coverage usually has longer waiting periods, beginning at 14 days. However, even these short periods make it important to shop for insurance before your pet gets sick or hurt.

Most will cover common injuries and illnesses, like cancer, diabetes, and broken bones; however, coverage for certain treatments and services, like microchipping, behavior therapy, and dental care, can vary. Pet insurance works differently from human health insurance.

Trupanion won't raise rates due to pet aging.

Birthday pricing is often in addition to economic inflation and other pricing increase factors.

According to the 6 industry analysts covering Trupanion, the consensus is that breakeven is near. They anticipate the company to incur a final loss in 2024, before generating positive profits of US$2.5m in 2025. The company is therefore projected to breakeven just over a year from now.

When is it worth making a claim on my pet insurance? Usually, you should make your claim right away. Sometimes when it is a small claim and after your excess amount there isn't much more to pay, some people opt to paying that bill themselves without making a claim.

But without insurance coverage, the cost to treat unexpected pet emergencies can present a financial burden for the majority of pet parents — in fact, six out of 10 Americans have less than $1,000 in savings to spend in an emergency. In the worst cases, a pet medical emergency can lead to long-term expenses .

Metlife is the pet insurer with the shortest waiting period for accidents. Coverage starts after midnight on the same day of purchase. Shortest waiting period for illnesses: Animalia pet insurance offers the shortest waiting period for illnesses with coverage starting just 5 days after purchasing your plan.

What is the deductible for pet insurance? ›

Pre-existing conditions: These are not usually covered by insurance, and they include any illness or injury that occurred or reoccurred, existed or showed symptoms, whether diagnosed by a veterinarian, prior to enrollment or during the waiting period of the insurance policy.

So, once you've covered your deductible for a condition, your pet insurance will typically reimburse a percentage of any additional cost. That percentage depends on the policy you sign up for. In most cases, you'll be able to choose 70%, 80% or 90% reimbursem*nt coverage.

Testing and Diagnostics

This covers the cost of testing and diagnostic procedures such as: Blood tests. CT scans. MRIs.

The rising cost of veterinary care amplifies the need for Trupanion to price correctly. Given the financial impact inflation has had on veterinary practices in California since 2022, this new rate will bring California residents more in line with those rising costs.

A Trupanion policy is unique because we offer a lifetime per-condition deductible. You pay a deductible only when your pet develops a new condition.

Nobody knows your pet or your budget better than you. That's why we put the power in your hands at Trupanion and give you control over your deductible. You can lower or raise your deductible, or choose not to have one at all.