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What Are the Factors That Affect Pet Insurance Premiums?

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The monthly premium that you pay on your pet's insurance policy dictates the type of treatment and health care that your pet will get when the need arises.
The premium, to a large extent, decides the cost of your pet insurance policy.
Therefore, it is very important that you be aware of the factors that affect the pet insurance premium.
These have a direct effect on the cost of your policy as well as the type of care that your pet receives.
Your objective should be to arrive at a monthly premium that offers you the best balance of coverage and cost.
Your pet's health is a big factor.
If the animal is healthy then you are not required to pay high premiums.
The incentive is on you to ensure that the animal remains free of conditions that can lead to a spike in premiums.
Regular dental check-ups as well as blood and urine analysis will allow you to keep tabs on your pet's health.
The single biggest proven factor that affects your monthly insurance premiums is your pet's age.
Pet owners that enroll the animals at an early age usually pay low premiums and are also able to maintain their pet's health at low costs.
With animals, age-related ailments are unavoidable and a lot of these are breed-specific.
Pet insurance companies charge higher premiums as pets age because the probability of the pets contracting a disease increases.
In some cases they may even refuse to accept a pet for certain types of coverage.
Your insurance premium can be less if you are considering a policy for more than one pet.
Multiple policies mean that the risks get shared between the policies.
In case of an injury or hospital expense, the costs get shared between the different policies.
You can even have the policies from different companies and still bargain for a discount.
Remember that a low monthly premium is important to avoid large out-of-pocket expenses but at the same time it cannot be viewed as an end-all.
You need to provide an umbrella of protection to your pet and to that end there should be a balance in your pet insurance policy between an affordable premium and good coverage.
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