How Much Does Equine Insurance Cost?
Horse owners often ask how much equine insurance costs when protecting a performance horse, breeding horse, or valuable equine partner. The cost of horse insurance can vary depending on several factors including the value of the horse, age, discipline, breed, and the type of coverage selected. At Savannah Freeze Equine Insurance, we help horse owners understand their options and secure equine insurance coverage that protects both their horse and their investment.
FAQs: What Determines the Cost of Horse Insurance?
Horse Value
1
Equine mortality insurance is based on the insured value of the horse. Higher valued performance horses or breeding horses may have higher premiums because they represent a larger financial investment.
Age of the Horse
2
Insurance companies generally offer coverage for horses from 24 hours of age with IGG/White Count Veterinary Statement up to around 23 years old. The rate starts to increase once the horse turns 16 years old and every year thereafter.
Discipline & Use
3
Different equine disciplines carry different levels of risk. Horses used in high performance sports such as barrel racing, eventing, racing, or jumping may have different policy structures than reining, cutting, or ranch horses
Coverage Type
4
Horse owners can choose from several types of equine insurance coverage including:
• Equine Mortality Insurance
• Major Medical Insurance for Horses
• Surgical Coverage
• Colic Surgery Coverage
• Stallion Permanent Disability Coverage
The more comprehensive the coverage, the higher the policy cost may be.
FAQs: What is the average Cost of Equine Mortality Insurance?
2.5 - 4% of Insured Value
1
Equine mortality insurance typically costs 2.5% to 4% of the insured value of the horse per year.
Example estimates:
• $25,000 horse → approximately $625 to $1,000 per year
• $50,000 horse → approximately $1,250 to $2,000 per year
• $100,000 horse → approximately $2,500 to $4,000 per year
These are general estimates, and exact premiums will depend on the horse’s age, discipline, health history, and insurance provider.
Cost of Major Medical Insurance for Horses
2
Major medical insurance for horses helps cover veterinary costs related to illness, injury, or disease. This coverage is often added to a mortality policy.
Typical coverage limits include:
• $7,500
• $10,000
• $12,500
• $15,000
Major medical coverage can help offset unexpected veterinary expenses such as diagnostics, hospitalization, medications, and surgical procedures.
Cost of Major Medical Insurance for Horses
3
Major medical insurance for horses helps cover veterinary costs related to illness, injury, or disease. This coverage is often added to a mortality policy.
Typical coverage limits include:
• $7,500
• $10,000
• $12,500
• $15,000
Major medical coverage can help offset unexpected veterinary expenses such as diagnostics, hospitalization, medications, and surgical procedures.
Why Horse Owners Choose Equine Insurance
4
For many horse owners, their horses represent both a financial investment and a lifelong partner. Equine insurance provides peace of mind by protecting horse owners against unexpected loss or costly veterinary treatment.
Common reasons horse owners insure their horses include:
• Protecting the value of a performance horse
• Covering emergency veterinary expenses
• Protecting breeding horses and stallions
• Financial security for horse owners and families