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Animals can also factor when insurance companies are determining your premiums.
For example, having certain breeds of dogs that are known for being more aggressive could increase the cost of your policy. The reason for this is that insurers associate a higher risk for liability claims with such pets.
Also, certain breeds of animals are considered a higher risk when it comes to biting people. If your pet happens to fall into that category, some companies may increase your rates.
You may be able to convince a company not to raise your rates based on pets by providing documentation of some form of obedience training for the animal. Common dog breeds that might be subject to this raise include Pit bulls, Rottweilers and Dobermans. If you are planning to purchase or adopt a pet, you should check with your insurance company to see if your cost of homeowner's insurance will be affected.