At what age should you stop pet insurance?

At what age should you stop pet insurance in Australia, generally you should not stop pet insurance as pet ages, as older pets 8 to 15 years have higher vet bills $1K to $10K for cancer $5K to $10K, arthritis $1K to $2K per year, kidney disease $2K to $5K and heart disease $2K to $5K, with pet insurance $50 to $120 per month for old dog $80 to $150 for 10-year-old versus $30 to $50 for puppy, still worth it if you cannot afford $10K emergency, but you may consider stopping if premium $80 to $150 per month $960 to $1,800 per year exceeds expected claims $500 per year and you have $10K to $20K emergency fund. Most pet insurance policies in Australia allow cover for life if you enroll before age 8 to 9 for dogs and 10 to 12 for cats, with no upper age limit for renewal, so you can keep insurance for life, with premium increasing 10% to 20% per year as pet ages from $40 at age 2 to $60 at age 5 to $100 at age 10, due to higher illness risk. For example, 10-year-old Labrador $100 per month $1,200 per year for $15K annual limit 80% reimbursement, with cancer $8K claim pays $6,400 minus $100 excess = $6,300, you pay $1,700 plus $1,200 premium = $2,900 versus $8K without insurance saving $5,100, worth it if one large claim in 2 years. You should stop pet insurance if premium $100 to $150 per month $1,200 to $1,800 per year exceeds expected claims $500 per year for healthy old pet and you have $10K to $20K emergency fund saved, and if policy has many exclusions for pre-existing conditions $5K to $10K excluded leaving little coverage. So you should not stop pet insurance as pet ages if you cannot afford $10K emergency, but may stop if premium $80 to $150 per month exceeds expected claims $500 and you have $10K to $20K fund, with most policies offering lifetime cover if enrolled before 8 to 9 years.