A Wagmo Insurance plan premium is calculated based on several factors that together determine the cost of your coverage. The main drivers are your pet's species and breed, age, location, and the deductible and reimbursement percentage you choose at enrollment.
Different breeds and species may be more prone to certain health conditions, which affects the premium. Younger pets typically have lower premiums than older pets, since older pets are at higher risk for medical issues. Veterinary costs also vary by region, so your location influences your Wagmo Insurance plan premium.
Your deductible and reimbursement percentage are the levers you control. Choosing a higher deductible or a lower reimbursement percentage reduces your monthly premium. A lower deductible or higher reimbursement percentage increases it.
Wagmo Insurance plan premiums can increase over time as your pet ages or as veterinary costs change. This keeps your coverage appropriate to your pet's life stage and the cost of care.