Your premium is determined for your pet based on a variety of factors.
Your pet’s monthly premium is influenced by several key factors:
Location: Costs can vary depending on where you and your pet live, as veterinary care expenses differ by region. Your pet also may be susceptible to different issues in different regions, including environmental factors such as allergies.
Age: Older pets may have an increased likelihood of health issues. Younger pets are more likely to not have any pre-existing conditions, so will often see a lower premium.
Species: Cats and dogs are prone to different health conditions or accidents so, depending on your pet’s species, you will see a higher or lower premium.
Breed: Different breeds have different health risks, which can affect the premium. A Golden Retriever, for instance, may be more prone to hip dysplasia.
Annual Policy Limit: Depending on if you choose $5,000 in annual coverage or $10,000, this will impact your monthly premium amount.
At PHI Direct, we prioritize transparency. While your premium and coverage features may be adjusted on your Policy Anniversary Date, changes occur no more frequently than once every 12 months. We’ll always provide you with at least 30 days’ notice before any changes are made. This ensures you’re informed and can plan accordingly.
Learn more about how these key factors and some other factors affect your pet insurance premium in our blog.