How Much is Pet Insurance: Calculating Your Pet’s PolicyReviewAdviceFAQ's

Calculating Your Pet’s Insurance Policy

Just like shopping for health or auto insurance, pet insurance policies vary from carrier to carrier in their coverage options and rates. While we can provide exact specifications, we can provide a brief overview of factors that may affect your rate.

Base Rate

Many insurers have what's known as a base rate, or a premium that is automatically charged for a policy prior to accounting for the animal's unique characteristics like age, breed, medical history, deductible, etc.

Calculating Your Pet’s Insurance Policy

Pet's Age

The animal's age has a great deal to do with the policy premium and is typically considered at the initial enrollment phase or during renewal. Like humans, pets are prone to a wide range of illnesses and diseases as they age. With that being said, your pets premium will increase as it ages so be sure to take that into account when enrolling.

Per-Incident Limits

As the name implies, a per-incident limit is the max an insurer is going to pay for the costs associated with your pet's medical condition or injury. Not all plans enforce a per-incident limit so if yours doesn't, check to see how the premium is impacted as a result.

Breed and Location Ratings

Did you know that even your location plays a role in the amount of your policy premium? Some cities pay significantly higher rates just due to the increased cost of living (i.e., New York City). Likewise, the animal's breed may correspond to a heightened rate due to certain medical predispositions. For example, bulldogs are predisposed to things like respiratory disease syndrome, prolapsed third eye, mast cell tumors and more.


Insurers should reimburse you based on the amount of the veterinarian bill. Be wary of providers that have hidden fees or lower your reimbursement value and amount based on a benefit schedule.


A few factors involving deductibles have an impact on your pet policy rate. Most often, a higher deductible will lower your payments and reduce the premium but your carry more of the weight. On the other hand, lower deductible plans will reimburse more but charge you a higher premium. Another component is the frequency. Some plans force you to meet your deductible on an annual basis while others are on a per-incident basis. Again, inquire with which one applies to the rate.

Keep these factors in mind when comparing pet insurance rates and evaluating carriers. Just because one seems less expensive at first sight, doesn't necessarily mean it's a good policy for your pet or budget.

Last Updated:

Join the discussion

Replying to Cancel

Your comment has been submitted and is awaiting approval from one of our administrators. Thank you for your readership!


Submitting your comment...

16 Great Money Saving Tips!

Cut expenses by $500+ a month. Download our FREE eBook today.

Download Now

Have you found our content useful?


Join our newsletter to receive the latest money saving advice, reviews, and offers!

YesI want to learn how to be a smart consumer!NoI'm not concerned about wasting money

100% privacy. We will never spam you.

Where should we mail you our
money saving advice, reviews & offers?

100% privacy. We will never spam you.

Adding your email to our mailing list.

Please wait just a moment

Your email has been added!

Thank you for signing up.


Looking for the best pet insurance?

We've researched and reviewed the top companies.

See Our Top 3

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.