What affects the cost of pet insurance?
Finding an average cost of pet insurance isn’t straightforward. The price of pet insurance varies due to a few different factors including:
Where you live can impact your pet insurance premium as vet fees can vary from region to region.
Pet species and breed
Different species and breeds of animal can be more prone to developing health conditions than others. For example, some pedigree dogs like Dachshunds, Pugs and French Bulldogs are more likely to develop health problems, which will mean insuring them is more expensive. Often you’ll also need to take out specialist policies for animals such as horses or exotic pets.
Your pet’s age
It goes without saying that older pets are more prone to health problems in the same way older humans are. Joint problems, cancer and weight-related health conditions are more likely to develop as your dog ages. This means your pet’s age will be factor when working out your insurance premiums.
Your pet’s health and medical history
If your pet has known medical conditions this may increase the cost of pet insurance, and could also mean some insurers won’t insure your pet.
There are a range of cover levels you can choose from when selecting pet insurance. Larger monthly payments will generally mean your pet’s cover is higher.
What cover level is cheapest?
Different cover levels for pet insurance allow you to pay different monthly premiums depending on how much cover you need. Find out about our cover levels, provided by Pinnacle Insurance plc, below.
Lifetime pet insurance
Lifetime pet insurance is our most comprehensive cover, which covers your pet throughout its life, at home and abroad. With four different cover levels available, you can access up to £10,000 towards vet costs each year.
Time limited pet insurance
Time limited pet insurance helps pay for short-term treatment for health conditions or illnesses your pet hasn’t suffered from before. It covers up to 12 months of treatment or up to £3,000 of vet fees.
Maximum benefit pet insurance
Maximum benefit pet insurance allows you to claim vet fees per condition for the lifetime of your policy, up to the policy limit. With two different cover levels available - £3,000 and £6,000 - you can select which works best for you and your pet.
Multi-pet insurance covers all your dogs, cats and rabbits. Plus, you’ll get a £1 discount per pet per month (terms and conditions apply)†.
Please note that we won't cover any pre-existing conditions and that terms, conditions, excesses, exclusions and limitations apply. You can find out more about the terms of our cover in our policy documents.
How can I cut the price of pet insurance?
Get a lower level of cover
Many pet insurance plans are available in a range of cover options. For example, our lifetime cover offers five cover levels: £2,000, £2,500, £5,000, £7,500 and £10,000. If you’re currently on a high level of cover and want a lower cover level, you can take out a new policy. Any pre-existing conditions, or anything claimed for, would be excluded. Switching your pet insurance to a lower cover level could mean your monthly payments reduce. However, it’s worth bearing in mind that this will impact the total amount you can claim for vet fees if your pet needs treatment.
Increase your excess
excess is the amount you pay towards each vet fee claim. Increasing your excess could mean you pay less towards your insurance each month, but you may have to pay more if you make a pet insurance claim.
Insure all your pets with the same provider
If you have more than one pet (including dogs, cats and rabbits), with Sainsbury’s Bank you can enjoy a discount of £1 per pet, each month†.
Have your pet chipped, vaccinated and neutered
Making sure your pet is microchipped and vaccinated is not only responsible but it may reduce your premiums too. Neutering your pet also reduces the likelihood of them developing some health conditions, which may reduce monthly costs.
Make sure your pet has a healthy diet and lifestyle
Keeping your pet fit and healthy means they’re less likely to develop health conditions as they age. Weight gain is linked to overfeeding and a lack of exercise, which can lead to your pet developing other health conditions like diabetes or joint problems. Having these conditions could lead to claims which may increase your monthly premiums, so keeping your pets healthy can also save you money.
Ready to protect your pet?
If you’d like to get a quote for your pet insurance, you can get started right away. If you’re ready, we’re ready.