The price of your pet insurance policy will vary, depending on what type of policy you want:
Roughly two in five dog or cat owners believed pet insurance was too expensive for them to purchase, according to Animal Medicines Australia in 2016. We can confidently explain why this product is such good value.
That’s a complicated question, due in large part to the fact that different pets may run into different healthcare issues as they age. Let’s start by looking at the average cost to treat certain conditions:
|Treatment||Average claim cost *|
|Cataracts (a vision issue)||$449|
|Dermatitis (i.e. a skin condition)||$615|
|Foreign body ingestion||$1,272|
|Urinary tract infection||$582|
* Average claim includes GST, Holland Insurance (2014)
However, this doesn’t show you what you’ll pay for truly serious treatment. One insurer reported that some Australians made these big claims:
These are enormous financial outlays that many families wouldn’t think twice about paying for their beloved pets. A pet insurance policy provides a benefit limit of thousands of dollars each year, meaning that famillies don’t have to agonise over the cost of emergency treatment.
When it comes to pet insurance, an insurer will assess how likely you are to claim. They do this by looking at the following attributes of your pet:
In addition to this, each type of policy (e.g. accident only, accident & illness, or comprehensive cover) is a priced differently. This is because each one covers more than the last, with comprehensive being the most expensive, but also the most exhaustive in what you can claim on (including great benefits like subsidised checkups, vaccinations, and more).
Another thing that affects your premium is your excess. If you elect to pay a more expensive excess in the event of a claim, you’ll pay less each month in insurance premiums – and vice versa.
Last of all, each insurer prices their products differently, which means no two policies are likely to cost the same.
You may have pet insurance already, just in case you’re caught unawares by surprise expenses. However, many Aussies may be paying too much for their policy, and for petcare in general. Here’s how you can save:
Pet insurance can be fantastic value, so long as you’re prepared to spend a bit of time tracking down something suitable. That’s where we come in. We’re eager to help you find that perfect policy, with our comparison service offering the perfect avenue for you to explore your options. Whether you’re looking for certain features or a cheaper price point, we can help – and it doesn’t take long either!
Learn a little more about pet insurance from us, and you’ll be ready to go in no time.