What is the average cost of pet insurance?

Embrace pet Health insurance

In the same way that personal insurance works, mutuals for animals have prices that vary according to the profile of the insured (your pet), his age but also sometimes his “value” or his risk profile. Similarly, depending on the guarantees you take out, the coverage will be different, and its price too.

This is why, before committing to the first animal health insurance company, you should compare the offers. To give you an idea of ​​the rates charged by animal insurance, here is an overview of the prices observed according to the type of animal you wish to insure and the guarantees taken out:

Economic formula70% of routine veterinary care, serious accidents from. from 8 €

Intermediate formula80% of routine veterinary care, serious accidents from. from 14 €

Complete formula100% routine veterinary care, serious accidents from. from 18 €

How is the price of dog cat insurance calculated?

If your health insurance takes your profile into account (age, risk factor, etc.), the same applies to your pet’s health insurance. Here are the criteria used to calculate the amount of the contribution:

  • his age: the contributions of animal mutuals change with the age of your animal. The older he gets, the more he is at risk of falling ill, so the contribution increases;
  • its breed: an animal registered in the LOOF (Official Book of Feline Origins) or LOF (Book of French Origins) will be entitled to the breed designation. Thus an alley cat will have a lower contribution than a purebred cat. Same thing with dogs.

In general, you should know that the contributions for cats are less expensive than those applied for dogs. Count on average 7 to 20 € per month to cover your cat, for a basic formula. Count on average 10 to 25 € per month for your dog for a basic formula.

How to lower the price of dog and cat insurance?

Do you own a pet to whom you want to offer quality health coverage but your budget is limited? How to find a cheaper mutual dog cat? Here are our tips for reducing the amount of your dog or cat insurance premiums:

  • if your animal is young, it is, in fact, less exposed to the risk of disease. In this case, a basic formula (level 1) is often sufficient. It will cover veterinary costs for a few euros per month and may even be synonymous with savings!
  • prefer a personalized mutual animal formula rather than an “all-inclusive” formula. Thus, you can choose the necessary care for your pet and only pay for them. If you are not traveling with your dog or your cat, there is no point in paying for a “coverage abroad” guarantee, for example;
  • if you have several animals, be aware that some insurers offer premium reductions for “large families”. Don’t forget to mention it, it might not cost you more to insure your whole tribe!
  • if you wish to insure an animal of the NAC type (new pets) such as a snake, a rabbit, a canary, or even a parrot, turn to a specialized insurer. Some animal insurers will assume that your animal is “off the grid” and apply an increase in your contributions;
  • beware of the deductible deadlines and the ceiling imposed by your dog cat insurance. It is better to be covered from the first euro and to be capped than the reverse!

Which dog cat insurance to choose according to the cost?

The best dog and cat insurance will be the one best suited to the needs of your animal with guaranteed coverage/price adapted to your budget.

Depending on the formula you take out, the cost of insurance will be more or less expensive. Insurers offer many different dog cat insurance formulas and guarantees to be able to adapt to everyone’s needs and budget. Thus, 3 types of formulas are generally advanced:

  • the basic formula, which often only reimburses veterinary costs following an accident, and where the amounts and reimbursement ceilings are the lowest.
  • the mixed formula, which covers veterinary costs following an illness or accident.
  • the top-of-the-range formula, which offers in addition to the guarantees offered by the mixed formulas, additional services (lump sum in the event of the death of your dog or cat, care of your animal if you are hospitalized, etc.) as well as a guarantee for preventive actions (vaccines, deworming, descaling, etc.).

Deductibles are amounts that remain your responsibility. The insurer will intervene for veterinary expenses whose amount is higher than the deductible. The higher the deductible, the less the insurer intervenes since you pay the deductible. So the higher the deductible, the cheaper the premium to be paid to the insurer.

The annual guarantee ceilings are maximum amounts of compensation over the year.  For example, if the ceiling is €1,000, this means that beyond €1,000 of reimbursement, your insurer will no longer intervene. The higher the ceilings, the more your insurer reimburses you, so the premium to be paid to the insurance company will be more expensive.

Just like dog cat insurance deductibles and deficiencies, the annual guarantee ceilings allow the insurer to limit coverage and avoid abuse.

It is also important to determine your budget, before taking out or changing dog cat insurance. If you can pay most of your animal’s veterinary costs, a basic guarantee, which only covers the costs resulting from an accident, may be sufficient. If you wish to take out this type of contract because your financial capacity does not allow you to assume large costs, a top-of-the-range guarantee will allow you to cover many of your veterinary costs, while controlling your budget.

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By Daniel Lincoln

Daniel Lincoln is the founding member and Manager of Multiple Websites for First SEO Paper, also the owner of high-level quality sites focusing on General Categories only.

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