Factors that impact cost of your pet insurance policy in Waltham
Pet insurance cost in Waltham depends on various factors, much like other types of insurance. For Waltham pet owners, these factors include:
- Animal Type
- Insurance Type
Let’s take a closer look at each factor and how it affects your coverage cost.
Different Waltham zip codes may have slight variations in monthly premiums. Insurance companies use past claim data to determine if certain areas are more prone to pet insurance claims.
The age of your pet is a significant factor in setting monthly rates. Younger pets usually have lower health risks, resulting in more affordable premiums. As pets age and face more health issues, their coverage cost may increase at each renewal.
Insuring dogs can be 2-3 times more expensive than insuring cats. The reason behind this difference lies in the risks associated with dogs’ outdoor activities and interactions with other animals.
While most breeds are considered healthy, some have a higher chance of specific conditions. If you have a breed with an elevated risk, your monthly premium might go up.
The type of coverage you choose plays a role in overall cost. Different policies come with specific deductibles and coverages. Opting for more protection or a lower deductible could lead to a higher annual cost for the pet health insurance policy.