Factors That Impact Cost Of Your Pet Insurance Policy In Colorado
Pet parents often believe that their pet’s monthly insurance cost depends on just a couple of factors. Yet, the rate for pet insurance takes several aspects into account. These pricing ingredients consist of:
- Animal Type
- Breed
- Age
- Insurance Type
- Location
Pet Variety:
The kind of furry friend you have plays a big role in shaping your monthly insurance bill. On average, those with dogs as companions find themselves shelling out 2-3 times more than cat owners. This is mainly because dogs often venture outdoors, exposing themselves to more risks.
Breed:
Your pet’s breed isn’t just about looks; it can significantly affect your animal health insurance costs. While most dog breeds have similar premiums, some are tagged as high-risk. Take boxers and bulldogs, for example. Their track record of sinus and skin issues earns them higher monthly premiums.
Age :
The age of your pet is a crucial piece of the pricing puzzle. While some insurers keep their rates pet-friendly for all ages, others may turn down coverage for older pals. So, if you’ve got a senior sidekick, it’s wise to shop around for pet insurance quotes that fit their stage of life.
Insurance Type:
When you embark on your insurance journey, you’ll typically face two main routes: accident-only or accident and illness plans. Both offer protection, but the comprehensive route often comes with a higher fare. You’ll need to weigh whether the added coverage justifies the extra monthly cost.
Location:
The region can sway pet insurance pricing too. While the premium variance between cities is usually minor, some state regions pose higher risks due to increased claims. This elevated risk landscape translates into heftier premiums in those areas.