Factors That Impact the Cost Of Your Pet Insurance Policy In Ohio
Many pet owners might think that their pet insurance premium is determined by only one or two factors, but in reality, several elements shape the rate you pay for insurance. These factors include:
- Animal Type
- Insurance Type
When you’re in the market for pet health insurance, the type of pet you own plays a significant role in setting your monthly payments. Generally, a dog owner will pay 2-3 times more than a cat owner because dogs tend to spend more time outside, increasing their risk.
Similar to the type of animal, your pet’s breed also influences the pet insurance cost. While many dog breeds have similar premiums, some are considered higher risk. For instance, boxers and bulldogs have a history of sinus and skin issues, which can lead to higher premiums.
Age is another major factor in determining your pet insurance quotes. While some insurers offer affordable rates for pets of all ages, others may deny coverage for older pets. If you have a senior pet, it’s crucial to explore different pricing options.
When you’re purchasing animal health insurance, you’ll typically choose between two main options: accident-only or accident and illness plans. Both types provide protection for your pet, but comprehensive policies usually come with a higher monthly cost. You should consider whether the added coverage is worth the extra expense.
Regional pricing is another aspect that many pet insurance providers take into account when evaluating your application. While premiums generally don’t differ significantly from city to city, some state regions are considered higher risk due to more frequent claims.