Factors That Impact Cost Of Your Pet Insurance Policy In Arizona
Many pet owners assume the monthly premium for their pet’s coverage is tied to one or two factors. However, several elements go into establishing a rate for pet insurance. These pricing components include:
- Animal Type
- Insurance Type
When it comes time to purchase your pet insurance policy, the type of pet you have will play a significant role in determining monthly payments. On average, dog owners pay 2-3x more for coverage than cat owners due to the increased risk of being outside more frequently.
Similar to the type of animal category, the breed of pet you have will also factor into your pet health insurance cost. While there isn’t a large discrepancy for many dog breeds, some are still considered high-risk.
For example, boxers and bulldogs have a history of sinus and skin issues. The increased likelihood of developing a problem also increases the monthly premium.
Age will also play a major role in your quotes from pet insurance organizations. While some carriers will keep pricing affordable regardless of age, others will deny the application if the pet is too old. If you have a senior pet, it’s important to shop around for pricing.
You’ll have two main options when purchasing your pet insurance policy: accident-only or accident and illness coverage. Both plans will offer protection for your pet, but the comprehensive policy will generally cost more. Considering whether the added coverage is worth the additional monthly cost is essential.
Regional pricing is another component that many pet insurance companies will consider when you apply for coverage. While there doesn’t tend to be a considerable difference in premiums from city to city, some state regions are conside