Any dog owner who wishes to insure their pet for the sake of health will be advised to compare the offers of several insurance companies. In fact, in the field of veterinary care, practitioners and insurers are free to set the prices of their choice. From one company to another and with equivalent formulas, we can observe a very significant variation in the proposed rates. However, an average trend emerges and allows to know the amount to consider for a quality dog insurance. Let’s take stock of the costs of dog mutuals.
What are the dog insurance plans and what are their average prices?
When it comes to dog insurance, companies are free to set their rates. It is therefore not possible to accurately predict the cost of your contributions. On the other hand, an average trend emerges and concerns most insurers. There are three types of formulas offered by most companies, for a contribution amount that varies between 10 and 80 euros per month.
- Basic or economical formulas : these inexpensive formulas are advantageous in terms of the amount of contribution, but the guarantees offered are slight. They only allow care related to illness or accident and for a low rate. Indeed, you will not be able to benefit from more than 50 to 70% of reimbursement for these very specific treatments. Count 10 to 30 euros per month for these formulas.
- Intermediate or comfort formulas : these mid-range formulas offer good coverage for a higher amount, which varies between 20 and 50 euros per month depending on the insurers. The reimbursement rate varies between 70% and 90% and covers care related to illness, accidents and additional examinations in most cases.
- Complete or premium formulas : these high-end formulas cover most treatments for a monthly cost of between 40 and 80 euros per month. At this rate, the expected coverage rate changes between 90 and 100%.
Other guarantees can be added as a supplement, which is generally the case for prevention, most often offered as an additional package. These additions result in additional costs, but are a good way to best adjust formulas to the needs of dogs and the financial means of their owners.
What are the factors that influence the price of dog mutuals?
If the price range is part of a formula, the price may change depending on certain factors set by the insurance company. Indeed, to apply a final amount, insurers take into account a certain number of criteria.
- The breed of the dog : certain breeds of doggies are particularly fragile and exposed to diseases or genetic weaknesses. They are therefore more likely to receive more and more expensive care, which increases the cost of monthly payments.
- The age of the dog : the older an animal, the more naturally fragile it is, therefore the greater the risk of falling ill or requiring more extensive care. To compensate for this natural phenomenon, insurers practice price increases over the years, or even decide to terminate the contract when the dog has reached a senior age (8 to 10 years on average).
- The dog’s state of health : all animals must be seen by a veterinarian before being insured. Most insurers require the practitioner to complete a health form that certifies the animal’s good health. A healthy dog will therefore cost less to insure since the risk is reduced. The waiting period applied by most companies is also a way for them to protect themselves from risks. It is also not uncommon for insurers to refuse to cover a dog with a medical history of accidents or illnesses.
- The options : as we have said, each formula offers a range of treatments to cover. However, it is possible to take out additional options in order to improve the protection of your dog. In this case, an additional cost will be applied depending on the added guarantee.
- Advantages : certain advantages have an influence on the price of the contribution, such as the reimbursement rate and the amount of the annual reimbursement ceiling. The higher they are, the more the formula will cost the pet owner.