Every year, more and more pet owners decide to take out health insurance for their dog or cat.
This type of specialized mutual insurance company makes it possible to reduce veterinary costs thanks to more or less significant coverage of care and in return for a contribution at a more or less high price. Although it is recognized that the animals covered by this type of formula are generally in better health since they benefit from earlier medical care, the fact remains that this service has a price. What budget should you plan to take care of the health of your little companion? Let’s find out in this file.
Insurance for cat or dog: what are the possible formulas? What average cost?
To take care of their little companion, many owners of cats or dogs decide to take out a health insurance or mutual insurance contract. It should be known that the guarantees which make up these formulas as well as their tariff are freely fixed by each insurance company. The prices to be expected and the services included can thus vary greatly from one contract to another. Nevertheless, in the face of stiff competition in this area, companies generally tend to offer offers that fall within an average in terms of cost and guarantees. Thus, if the least expensive formulas cost 5 euros, the most expensive are billed around 80 euros per month, or even more.
Anyway, to better allow you to assess the price to expect from health insurance for your dog or cat, here are the three main categories of formulas offered by most brands of mutual insurance for animals.
The basic formulas
The basic or economical formulas are the least covering offers. Indeed, with this type of service, it is not possible to benefit from advantageous coverage of veterinary costs since these formulas cover expenses related to illness and/or an accident only. The reimbursement rate is low since it varies between 50% and 70% depending on the company.
However, their price is attractive, since this makes it possible to reduce the amount of veterinary costs in the event of a hard blow in return for a monthly contribution of around 5 euros to 30 euros.
These intermediate formulas are relatively attractive mid-range offers. They represent a good compromise in terms of coverage and price. With the majority of brands, these comfort formulas provide for the reimbursement of veterinary costs related to illness, an accident and additional examinations (imaging, analyses, etc.) up to 70% to 90%.
With regard to the care covered, the amount of the monthly contribution remains correct, since it oscillates between 15 euros and 40 euros.
These top-of-the-range complete formulas are truly interesting for dog and cat owners who wish to benefit from almost total coverage of the health costs of their little companion. These offers have the advantage of providing for the payment of costs included in the previous formulas, but also very often for pharmacy, prevention (when it is not provided for in a separate package) and even euthanasia and funerals, up to 90% to 100% in the majority of cases.
However, to benefit from such a level of support, you must be able to pay monthly contributions of an average amount between 30 euros and 80 euros, or even more.
Insurance for cat or dog: what are the elements likely to change the price of contributions?
We have previously discussed the main categories of plans that the majority of pet insurance companies offer, as well as their average prices. However, these are global prices that can change depending on many other factors. Indeed, if the owner of the dog or cat to be insured makes a choice from among a type of service, the insurer establishes the conditions and sets the prices according to certain specific criteria. As you will have understood, on this basis of formulas classified into three categories, the companies define tailor-made contracts.
But then, what are these elements likely to influence the price of the subscription?
The breed of animal
Certain breeds of dogs and cats are known to be more exposed to certain genetic or congenital diseases or weaknesses. Others are more fragile, more sensitive to cold, heat, overweight, climatic variations, etc. Insurers consider these animals to be more likely to require frequent and more expensive veterinary care. Consequently, to guard against the risk of costly care, they apply an increase in the amount of contributions.
The size of the animal
This phenomenon is reserved for dogs. Indeed, depending on their size, dog breeds have a longer or shorter life expectancy, but they are also exposed to more or less significant risks.
Small dogs generally have a life expectancy of 15 years, a figure which is reduced to 12 years for medium-sized animals, 9 years for large dogs and 7 or 8 years for giant breed doggies. .
Thus, the bigger a dog, the faster it ages and the more it risks costing the insurer. To guard against this, the companies are increasing the amount of contributions.
The age of the animal
The older an animal, the more fragile it becomes. His immune system weakens and manages less and less to protect him from certain diseases, his senses are less and less efficient and make him less alert to the risk of accidents, his body is more fragile and sensitive to bone problems, kidneys, etc. The risk of falling ill or being injured being higher, the price of the contribution is variable according to the age of the animal.
In addition, to counter the aging of the cat or dog, some insurance companies provide for a regular increase in prices or terminate a contract once the animal has reached an advanced age, says senior.
The animal’s health and medical history
Before taking out an insurance contract, the owner of the dog or cat to be insured must have a medical questionnaire completed by their veterinarian. This precaution allows the insurer to be certain that the covered animal is in good health and in particular free from congenital disease.
Indeed, a healthy dog or cat costs less to insure since the risk of medical expenses is lower. Conversely, a doggie or a tomcat whose medical history shows illnesses and accidents can only be taken care of on condition of paying a higher contribution, or even will be the subject of a refusal of the part of the insurer.
The options subscribed
Each of the formula categories offers a range of more or less similar treatments and services, even if the guarantees can vary significantly from one entity to another. Nevertheless, the owner of the insured animal can take out additional options in order to extend the protection of his little companion.
The prevention package is the best known. It includes costs related to preventive acts such as vaccination, sterilization or castration, external parasiticides, deworming, therapeutic feeding, etc.
Their addition to the basic contract inevitably leads to an increase in the price of the contribution, but which can be financially more interesting than opting for the superior formula.
The benefits provided by the contract
Certain advantages can be applied to an insurance formula for dogs or cats in return for an increase in the price of the contribution. This is particularly the case for the reimbursement rate, the amount of the deductible, the amount of the annual reimbursement ceiling or the duration of the waiting period or reimbursement, etc. The greater the advantages, the more they contribute to increasing the price of the monthly payments.