Trupanion Policyholders Face 33% Rate Hike for Pet Insurance in California

Higher rates take effect this summer following insurance department’s rate increase approval.

Evelyn Pimplaskar
Evelyn PimplaskarEditor-in-Chief, Director of Content
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Chris Schafer
Edited byChris Schafer
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
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John Leach
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More than 97,000 California pet parents will see their Trupanion pet insurance premiums skyrocket as early as this summer following the state Department of Insurance’s (CDI) recent approval of a 33% rate hike that takes effect July 19.

American Pet Insurance Company (APIC), which underwrites Trupanion policies in California, cited losses of nearly 12% between Oct. 1, 2024, and Sept. 30, 2024, as driving the need for a significant rate increase.

Impact on pet parents’ wallets

The rate increase will affect Trupanion policies that renew on or after July 19, according to APIC filing documents. The hike will affect 97,153 policies, with most facing premium increases that range between 25% and 45%.

Under the approved increase, Trupanion’s base rate for pet insurance policies will rise from $154 annually to $205. Pet owners’ actual premiums typically vary from a policy’s base rate due to factors like a pet’s age, gender, breed, location, and health history — all of which affect the cost to insure them.

What’s next: Renewals at a higher cost

Trupanion’s California underwriter, APIC, also recently secured CDI approval to increase rates for Pets Best policies in the state. APIC no longer sells new Pets Best policies in California and projected a high rate of cancellations in the state over the next several years.

The Trupanion rate increase will affect current customers when their policies renew and will apply to any new policies APIC underwrites in California.

The average annual cost of pet insurance in California is $564 for dogs, which is higher than the national average of $516, according to data from Insurify and its pet insurance partner Fletch. For cats, California’s average is level with the national average of $276 per year.

Evelyn Pimplaskar
Written byEvelyn PimplaskarEditor-in-Chief, Director of Content
Evelyn Pimplaskar
Evelyn PimplaskarEditor-in-Chief, Director of Content
  • 10+ years in insurance and personal finance content

  • 30+ years in media, PR, and content creation

Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

Featured in

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Evelyn leads Insurify’s content team. She’s passionate about creating empowering content to help people transform their financial lives and make sound insurance-buying decisions.

Chris Schafer
Edited byChris SchaferDeputy Managing Editor, News and Marketing Content
Chris Schafer
Chris SchaferDeputy Managing Editor, News and Marketing Content
  • 15+ years in content creation

  • 7+ years in business and financial services content

Chris is a seasoned writer/editor with past experience across myriad industries, including insurance, SAS, finance, Medicare, logistics, marketing/advertising, and many more.

Featured in

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John Leach
Reviewed byJohn LeachLicensed P&C Agent, Chief Copy Editor
Photo of an Insurify author
John LeachLicensed P&C Agent, Chief Copy Editor
  • Licensed property and casualty insurance agent

  • 10+ years editing experience

  • NPN: 20461358

John is Insurify’s Chief Copy Editor, helping ensure the accuracy and readability of Insurify’s content. He’s a licensed agent specializing in home and car insurance topics.

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