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Pet Plan Insurance

Discussion in 'Cat Chat' started by Bethanjane22, Oct 9, 2020.


  1. Bethanjane22

    Bethanjane22 PetForums Senior

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    Just had my renewal through from Pet Plan for Luna & Nova’s insurance, and it’s increased by £100 this year! I’ve never made a claim in the 2 years I’ve had the girls, so can’t understand how it can increase by so much.

    Has anyone else found that Petplan increase quite a lot each year?

    I’ve got the girls on a lifetime cover plan, with a multi pet discount.
     
  2. Bertie'sMum

    Bertie'sMum Obedient Cat Slave

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    How old are they now ? When I used to take out insurance I found that invariably the premiums increased dramatically when the cats reached about 7 or 8 as they were then considered "geriatric":eek:

    Also insurance companies are well known for increasing premiums when there is financial unrest like now with Covid19 - not just pet insurance but all other types of insurance as well. Perhaps a quick call to Pet Plan to ask them to explain why such a big hike in your premiums this year ?
     
    ewelsh likes this.
  3. ewelsh

    ewelsh PetForums VIP

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    And that is the reason why I stopped my pet insurance. I was with Tesco pets, loyal every year. So rang them and asked where was their loyalty to me as I had been with them for years. I got another year at the old price then after that they wouldn’t budge.
    So @Bethany22 ring them and try to get them to explain and reduce it
     
    TriTri likes this.
  4. urbantigers

    urbantigers PetForums VIP

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    Mine went up by quite a bit this year. I think lots of factors influence premiums and it’s not based on whether you have made a claim. Overall claims made to the company would affect it but not your actual claims.
     
    chillminx likes this.
  5. SbanR

    SbanR PetForums VIP

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    I looked at Ollie's policy, which renewed in Aug.

    It increased by £46.89.
    This included £32.94 for Insurance Premium Tax
    So subtracting that amount, PP has only increased their actual charge by £1.16 a month.

    See what they've actually increased on your girls; it might not be as exorbitant as first appears.

    P.S. @Bethanjane22 just a thought. Is this the first renewal? If so, there will be a bigger increase taking into account the introductory discount you received when first signing up with them.
     
    #5 SbanR, Oct 9, 2020
    Last edited: Oct 9, 2020
  6. buffie

    buffie Mentored by Meeko

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    Meeko has been insured with Pet Plan for 10 years and has never had a huge hike at the annual policy renewal. , usually at the most £1.50 / £2.00 a month .
    His last policy renewal was a bit higher but I expected it to be as he is now 10 years old .
    I assume the £100 increase is for the year and split between the 2 girls which makes it look more than the £4 (ish) it actually is although unless as @SbanR has suggested about it being the first renewal it does seem a bit high for young cats.
    As far as claims go I can say for certain there is no increase applied if you make a claim.....Meeko has claims every year , some in 4 figures
     
  7. SbanR

    SbanR PetForums VIP

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    Remember the IPT. PP has no control over that.
     
    chillminx likes this.
  8. buffie

    buffie Mentored by Meeko

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    There was an increase in the annual IPT a couple of years back but I havnt noticed it to be higher than normal since then.
     
  9. Chaddycat

    Chaddycat PetForums Senior

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    Insurance companies talk complete and utter bull poop. I was told it was to do with the area I lived in as to why mine had gone up. Yet my Sisters cat (who is an old kitty) hadn't gone up half as much! Grrrrr x
     
  10. Chaddycat

    Chaddycat PetForums Senior

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    And she lives 5 mins away!
     
  11. Bethanjane22

    Bethanjane22 PetForums Senior

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    Thanks all for your replies. Yes it turns out the IPT makes up £66 of the increase. So £34 divided by 12 months gives an increase of £2.83 per month for the 2 of them.
     
  12. Tigermoon

    Tigermoon PetForums VIP

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    The IPT is a blooming nuisance as it hikes premiums massively on something that really everyone should be encouraged to have. I cancelled all my insurance policies a year or two ago as it was becoming unsustainable :(
     
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