Factors That Impact Cost Of Your Pet Insurance Policy In Indiana
Many pet parents often think that their pet’s monthly insurance premium depends on just a couple of factors. However, there are several aspects taken into account when determining the cost of pet insurance. These price factors include:
- Type of Pet
- Type of Coverage
Type Of Pet
When you’re ready to buy pet insurance, the kind of pet you own plays a big role in figuring out your monthly payments. On average, dog owners usually pay 2-3 times more for coverage compared to cat owners, mainly because dogs tend to spend more time outdoors and face a higher risk of accidents.
Like the type of animal, your pet’s breed also influences the cost of pet health insurance. While there’s not much difference for many dog breeds, some are still considered more high-risk. For instance, boxers and bulldogs have a history of sinus and skin issues, which can increase the monthly premium due to the higher likelihood of developing problems.
Age is another major factor when you get quotes from pet insurance providers. While some insurers keep prices reasonable regardless of your pet’s age, others might reject your application if your pet is too old. If you have an older pet, it’s crucial to shop around for pricing options.
Type Of Coverage
When purchasing your pet insurance policy, you typically have two main options: accident-only or accident and illness coverage. Both plans offer protection for your pet, but the comprehensive policy tends to cost more. It’s important to consider whether the added coverage is worth the extra monthly expense.
Regional pricing is another factor that many pet insurance companies take into account when you apply for coverage. Although there usually isn’t a significant difference in premiums between cities, certain state regions may be deemed higher risk due to a higher number of claims originating from that area.