300% increase in premium

1
Out of 10

My annual premium last year was $903. This year the annual premium jumped to $2628 for the same coverage. This is not a typo. A 300% increase. She was 8 years at the time of adoption, now 15, after 7 years with Petplan never had a claim. At her age I cannot just switch insurance. On a fixed income, I have no choice but to opt for much less coverage, while the premium will still be hundreds of dollars more. Feels like extortion.

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Injury/illness
evidently old age
Claim Amount
Over $1000
Breed

Australian Shepherd

Age of Pet
Over 8 years

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