Can you negotiate your pet insurance premiums? Here’s what to know.

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Updated on: November 13, 2026 / 8:38 AM EST / CBS News

A trip to the veterinarian can become expensive quickly, whether your pet needs emergency treatment, routine surgery or ongoing care for a chronic condition. And with veterinary costs continuing to climb year after year, pet owners are increasingly facing difficult financial decisions about how to pay for their animals' medical needs. Pet insurance can help offset some of those expenses, but the coverage comes with its own costs, which can add up substantially over time.

What many pet owners don't realize, though, is that those pet insurance costs can also change unexpectedly. You might sign up for a pet insurance policy with an affordable monthly premium, only to receive a renewal notice showing a significant price increase. And because premiums can rise as pets age or veterinary costs increase, maintaining coverage may become more expensive precisely when there's a higher likelihood that your pet needs medical care.

But if your pet insurance premiums are becoming difficult to afford, canceling your policy may not be your only option. There…

Original source: https://www.cbsnews.com/moneywatch/