Each policy is different and depends on your pet. When you ask for a quote you'll have to give details about both you and your pet.
Insurers will use your details to calculate the risk of you making a claim on your policy. This risk level is then used to work out the price you'll pay for your policy.
As your pet gets older and requires more treatment, the price you pay for insurance may rise. This is because as they get older the risk of them needing vet care, and you making a claim on your pet insurance, rises. According to ABI, pet insurance payouts topped £1 billion in 2022, setting a new record since records began.
You're not locked into a policy just because it's called lifetime pet insurance though. If you're given a renewal quote that seems high, shop around to see what other insurers are offering. But remember, if your pet developed an illness during your existing policy, you'll be covered.
You could find a new policy which is cheaper however, it won't necessarily cover pre-existing conditions. Prior to buying a new policy we recommend you check the policy wording to ensure it meets your needs.