How is my premium calculated?

Created by Insurance Team Petsy, Modified on Mon, 16 Sep, 2024 at 3:14 PM by Insurance Team Petsy

Petsy Pet Insurance premiums are calculated individually for each policyholder based on a number of different factors for new and renewing policies. 


Things such as the level of cover chosen, your pet's age, breed, species, location, gender as well as pet health data on the average size and frequency of claims for certain breeds in certain locations all play a part in the pricing calculations. These risk factors can also change over time. Factors such as advancements and costs of veterinary medical treatments available at the time can also impact the premium calculations for new and renewing policies. 


The price of your policy isn't directly linked to your own claims history and you'll always be notified in advance of any premium changes before a renewal policy comes into effect.

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