Factors That Impact Cost Of Your Pet Insurance Policy In California
The cost of your pet insurance policy isn’t determined by just one or two factors. There are several elements that contribute to the rate you’ll pay for pet insurance. These pricing factors include:
- Type of Animal
- Breed
- Age
- Type of Insurance
- Location
Type Of Animal
When you’re in the process of purchasing pet insurance, the type of pet you have plays a significant role in determining your monthly premiums. On average, dog owners pay 2-3 times more for coverage than cat owners because dogs tend to spend more time outdoors, increasing their risk.
Breed
Similar to the type of animal, the breed of your pet also impacts the cost of your pet health insurance. While many dog breeds don’t lead to significant premium differences, some are considered higher risk.
For instance, boxers and bulldogs have a history of sinus and skin issues, which can result in higher monthly premiums.
Age
The age of your pet is another important factor in your quotes from pet insurance companies. While some insurers keep pricing reasonable regardless of age, others may deny coverage if your pet is too old. If you have a senior pet, it’s essential to shop around for pricing options.
Insurance Type
When buying your pet insurance policy, you’ll typically choose between accident-only or accident and illness coverage. Both options provide protection for your pet, but comprehensive policies generally cost more. Evaluating whether the added coverage justifies the extra monthly cost is crucial.
Location
Regional pricing is another consideration for many pet insurance companies when you apply for coverage. While there isn’t usually a significant difference in premiums from city to city, certain state regions are considered higher risk due to the greater number of claims originating from those areas.