Factors that impact cost of your pet insurance policy in Springfield
Pet insurance works just like other insurance types, with its cost depending on various factors. For Springfield pet owners, these are the key elements affecting monthly premiums:
- Animal Type
- Insurance Type
If you live in different Springfield zip codes, you might notice slight variations in the monthly premium. Insurance companies check past claims data to see if certain areas are more likely to have pet insurance claims.
Younger animals usually get lower rates since they are less likely to get sick or need vet visits. But as they grow older and health issues come up, the coverage cost may increase with each renewal.
Insuring dogs tends to be 2-3 times more expensive than insuring cats. Dogs are often outside and interact more with other animals, raising the risk of accidents or illnesses.
Though most breeds are generally healthy, some have a higher risk of specific conditions. For example, cocker spaniels are more prone to diabetes. If you have a pet with a higher chance of developing a disease, your monthly premium might go up.
The type of coverage you choose impacts the overall cost. Different policies have different deductibles and coverages. More protection or lower deductibles mean a higher annual cost for the pet health insurance policy.