Figo Pet Insurance Premium Increase

They said they did this automatically to not have my premiums raise significantly.

Figo pet insurance premium increase. Our neighbors have a two year old golden retriever same breed same zip code and he was much healthier this year. I communicated through the app to cancel the pet insurance last march when i was notified of the increase or so i thought. We were shocked when we received notice that our premium was increasing 45 after our first year 55 month to 80 month. Although every pet insurance company receives its share of complaints regarding denied claims due to pre existing conditions or premium increases figo gets fewer of those than their competitors.

They only offer 80 reimbursement and charge extra to cover the exam fee. At the time spring 2018 figo was just about the only company offering 100 reimbursement but no longer. Your pet s age species and breed as well as where you live and the coverage package you choose all factor into your insurance rates. Their healthy paws premium increase was only 14 48 month to 55 month.

Figo increased my premium by nearly 200 after my first year. Now my premium has increased by 10 15 per dog raising my premium by 380 a year. The monthly premium can range from as low as 10 to higher than 100 though most pet owners can expect to pay between 30 and 50 per month for a plan with decent coverage. But most significantly on a 4 year old small mixed breed the premium went from 500 to 800 a 60 increase.

It was much easier to find happy customers than unsatisfied ones. After my extensive research and receiving quotes from most of the pet insurance companies i. I already had my cat and i knew i wanted to get pet insurance so i would never second guess taking my pets to the vet if they got sick or hurt. Meanwhile the average annual pet insurance premium in 2017 was 516 while the average annual vet bill per pet the same year was 92.

My fault for not checking my statements more closely but my account was never closed and my auto enroll increase processed too. See our plans and coverages. Yes we know pet insurance is confusing but it doesn t have to be. Even if you focus on insured pets the risk is rarely.

Although every pet insurance company receives its share of complaints regarding denied claims due to pre existing conditions or premium increases figo gets fewer of those than their competitors. At renewal the company hid this significant increase by lowering my dogs coinsurance from 80 to 70 without my authorization. Figo has flipped the script to provide the modern pet parent with clear choices and the latest technology. No claims made paying for pet insurance biggest waste of my money.