Equine Insurance Calculator

The calculator applies an age factor that stays flat at 1.0 through age 14, then adds 10% to the base mortality rate for every year beyond that — so an 18-year-old horse carries a 1.4x multiplier on the same base rate a 10-year-old would get. This mirrors real underwriting practice, where mortality risk in older horses rises much faster than in the prime years, so premiums for senior horses climb correspondingly.

The calculator applies a use-based multiplier to the base mortality rate — 1.2x for competition, 1.1x for breeding, 1.0x for training, and 0.8x for pleasure — reflecting that a horse actively jumping, racing, or breeding carries materially more injury and mortality risk than one used for casual riding. At the same horse value and age, a competition horse's mortality premium runs 50% higher than an equivalent pleasure horse's.

Loss-of-use insures against a horse becoming permanently unfit for its intended job, which is only a meaningful risk when that job requires a specific level of soundness or performance — a pleasure or training horse can usually still fulfill its role even with some restrictions. So the calculator applies this rider, priced at 1.5% of 60% of the horse's insured value, only when use is set to competition or breeding.

The calculator prices major medical/surgical coverage at $225 per $10,000 of surgical limit chosen, independent of the horse's value or age, because that coverage pays out based on the treatment cost incurred, not the horse's worth — a $5,000 pony and a $500,000 competition horse face similar veterinary bills for a colic surgery. Age and use still matter for real underwriting decisions, but this simplified model doesn't factor them into the medical premium.