Pet insurance is basically the opposite. Most people get it when their pet is young and the premiums for young pets are reasonable and low. Then, as the pet age

Pet insurance is basically the opposite. Most people get it when their pet is young and the premiums for young pets are reasonable and low. Then, as the pet ages, the premiums go up and up. And once you have any vet record of anything other than a routine wellness check, you're basically locked into your policy because if you try and switch providers, you'll run into pre-existing condition limitations, which are quite difficult to understand or predict. This is also difficult because not only will your insurance go up simply for your pet getting older, the pet insurance companies are constantly going through rate changes, as they adjust risk profiles for breeds or adjust to vet care inflation. Depending on what state you live in, these rate adjustments could be completely uncapped. Even if you don't switch, many insurance providers won't write new policies for pets over certain age thresholds.