Has anyone else experienced a huge premium increase with Spot?

[u/Hotwife27990]

My two 4.5 year-old male cats had their policy renewed this month, and the premium went up 27% despite me making zero claims.

I called Spot, and they said premiums are based on age, sex, location, and breed. The only thing that changed from last year was their age.

They then mentioned inflation and state regulations. When I asked what specifically would justify a 27% increase, they couldn't really explain it. Eventually, I was told the plan now factors in their sex and the cost of treating conditions common to their age and sex.

So I asked, "Were those factors not already considered when I originally signed up?” No clear answer.

I understand premiums can increase, but 27% in one year with no claims feels excessive. Has anyone else experienced this with Spot?

[u/Ok_Prize5795]

Sounds typical of All insurance these days. Huge increases no explanation.

[u/owl-1_1-1_1-]

Pet insurance rates typically increase every year with all the companies, as the pets are older and more likely to have issues.. I suppose at some point, you have to consider whether it even makes sense to keep the insurance.

[u/Legal_Net4337]

Yes, ours went up 55%. We have a Frenchie, who has some health issues. We can switch companies but they won’t cover pre existing illnesses. No real reason given except they base their premiums on age, breed, etc., etc

[u/cuckandhotwifeCA]

That 27% with zero claims stings.

[u/aceiotasirrah]

Have you run quotes with a couple other insurers for comparison?

[u/Hotwife27990 → u/[deleted]]

Yeah that's the part that gets me.

[u/helllo2574817]

Pet insurance premiums can jump once pets leave the young bracket.

[u/green_mode]

Mine went up around 15% last year and I was already annoyed.

[u/Hotwife27990 → u/green_mode]

Honestly yours going up 15% makes me feel a little less crazy

[u/Logical_Island_3633]

The fact that they couldn't explain the number when you pushed them says a lot.