What factors determine pet insurance premiums?

Pet insurance premiums vary based on specific factors that directly impact costs. Breed size creates significant differences: large dogs like German Shepherds cost 20% more than smaller breeds due to higher treatment risks. Age plays a critical role too: senior pets over 7 years face approximately 30% higher premiums. Location and coverage level complete the primary pricing factors.

These factors combine in the table below. A senior German Shepherd dog in Berlin may cost € 80 per month, and a young Pom in the country, € 20. However, the level of cover causes the greatest discrepancy: a comprehensive policy is often double the cost of an accident-only price. This explains why quotations differ from pet owner to pet owner.

Other elements also affect prices: deductibles reduce premiums but raise out-of-pocket costs during claims. Discounts for payment frequency by month versus year can save 5%. Multi-pet households are commonly given 10% discounts for pets previously owned. Always obtain itemized estimates to understand the factors in each price.

German pet owners can adjust their premiums by altering deductible amounts or by selecting accident-only plans for lower-risk indoor cats. Insuring pets while they are still young locks in lower premiums before the age-incriminatory clauses become effective. A comparison of the various providers reveals considerable differences in premiums for similar coverage, with some specializing in specific breeds and/or age groups and offering more competitive premiums.

Read the full article: Understanding Pet Insurance Coverage Essentials