Best pet insurance 2022

couple hugging their dog

Animals are your jam-imals. No matter if you’re a dog or a cat person, our fur children deserve all the love and treats and protection we can give ‘em. In fact, according to Pet Circle, Aussies spend an average $4,312 on their dogs and $3,335 on their cats each year, with most of the money going towards food and veterinary care. (Worth it).

But whether your special friend is fuzzy or fluffy, great or small, you may want to consider taking out pet insurance

A good pet insurance policy could help ease some of the unexpected financial burden if your furbaby gets sick or injured, as well as a range of other benefits like dental cover. But besides reading the product disclosure statement (PDS), how can you go about finding top-line coverage for the Greatest Dane or Calico Cutie?

RELATED: Buying a dog in 2022? Read this first

Every year, Mozo’s Expert Judges analyse a range of pet insurance policies to determine which options offer the best value and highest quality cover for Australian pets. The awards are valid for a 12 month period between August 2021 and August 2022. These policies are then crowned in the Mozo Experts Choice Pet Insurance Awards. So rest assured that the ones below are deemed to be some of the best according to our data and research.

“We compared hundreds of quotes for different types and ages of cats and dogs based on a predetermined criteria that helped us identify the best of the best,” Mozo Experts Choice Awards Judge Peter Marshall said.

“Finding a policy for your pet may be a bit daunting, especially when policy features and costs can change depending on your pet’s breed. We wanted to examine each feature head-to-head, across a range of animal breeds to help Australians search for the best value cover, and award those providers offering the best pet insurance.”

If you’re looking to insure your pet, check out a few of the Mozo Experts Choice Award winners^ below. If you are not quite sure if your animal companion qualifies for pet insurance, check out our coverage guide.

The best pet insurance policies in Australia

Pet Insurance Australia Major Medical Cover*
  • Offers annual benefit limit up to $15,145 for accident and injury cover
  • Covers up to 80% of vet bill claims
  • Offers discounts for additional pets you insure

This long standing provider has taken home the Mozo Experts Choice Award^ for Exceptional Value Comprehensive Pet Insurance for its Major Medical Cover alongside a value award for its Comprehensive Cover. As its premium policy, a Major Medical plan with Pet Insurance Australia covers up to $15,145 annually for specific accidents, injuries and routine care cover. You may be able to claim up to 80% of eligible vet bills, but it does not cover certain costs like pre-existing conditions your pet had before signing up with Pet Insurance Australia (some conditions are eligible for review after an 18-month period). 

Under the Major Medical Cover, you could get up to $1,200 towards tick paralysis and up to $300 for consultations and visits. Additional benefits include up to $1,200 for emergency pet boarding fees if you are hospitalised for more than one day or due to family violence. Waiting periods may range from zero days to six months depending on the claim type, and there’s also a 21-day cooling off period when you take out a policy. You can even get a premium discount from 5% that incrementally increases up to maximum of 15% for each additional pet you insure with Pet Insurance Australia.

For something extra special, PIA also says they are happy to offer the equivalent of 2 months free premium pet insurance spread over your first year of coverage (T&Cs apply).

Knose Pet Insurance*
  • 2021 Pet Insurance Provider of the Year^
  • Annual benefit limit of $25,000 for accident and injury cover
  • Flexibility to have between 70% and 90% of eligible claims covered
Find out more

Knose Pet Insurance has been crowned the 2021 Mozo Experts Choice Awards Pet Insurance Provider of the Year^. Its single, flexible policy may cover up to $25,000 each year in treatments for eligible accidents and injuries, with the option to have 70%, 80% or 90% of eligible claims covered by the policy. You’ll be able to make your claims online or through your vet, and can include optional extras (for an increased premium) to cover things such as dental illness, behavioural problems and alternative therapies like acupuncture and physiotherapy.

But not all vet costs are covered, some of which include treatments for pre-existing conditions you knew about before you signed your pet up with Knose, preventative care such as desexing, unregistered medication and costs after a pet’s death. You can choose an excess of $0, $100, or $200 depending on your plan, and waiting periods can range from one day to six months, depending on the claim type. You’ll also get a 30-day cooling off period when you take out a policy with Knose.

On top of all this, Knose is offering a 5% discount exclusively with Mozo. To receive the discount either click the ‘go to site’ button or enter the promo code MOZO5 at the Knose checkout (T&Cs apply).

* Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

^See information about the Mozo Experts Choice Pet Insurance Awards

The Best State-Based Pet Insurance Providers

Mozo’s experts wanted to highlight exceptional regional brands in the pet insurance industry. Both these providers also qualified for awards in additional categories like Exceptional Value and Exceptional Quality. 

The top state-based pet insurance providers are:

  • Queensland’s Best Pet Insurance - RACQ
  • WA’s Best Pet Insurance - RAC

Mozo Experts Choice Awards for Exceptional Value Pet Insurance

For the Exceptional Value Awards^, Mozo’s team of expert analysts gathered a range of online quotes to calculate which insurance providers offer the most affordable policies for a given level of cover. This takes into account how breed and age can change coverage pricing. 

Each quote was adjusted to allow for different benefit percentages and ranked in order from cheapest to most expensive for different breeds and ages. The Judges allotted points based on how often each insurance provider was among the the most affordable for the features offered, and gave awards to the products that scored in the top for each comparison.

Exceptional Value Accident Cover Pet Insurance

One policy stood out from the competition when it came to how much potential benefit could be delivered by each dollar spent on premiums. This year, 1300 Insurance took home the award for Exceptional Value Accident Cover Pet Insurance^.

Exceptional Value Accident & Illness Pet Insurance

In this category, Mozo’s Expert Judges investigated how much an insurance company will pay out on a claim for a range of quotes to find which ones offered the best overall value. 

To be considered for an award, each product had to meet a minimum criteria with the most affordable policies for different levels of cover considered. This criteria takes into account how coverage pricing can change due to a pet’s breed and age.

Out of all the products, five stood out for their competitive pricing without sacrificing what they covered.

Exceptional Value Comprehensive Pet Insurance

Using the same methodology as other exceptional value awards, our judges gathered a range of quotes to identify which insurance companies offered policies with the best overall value for both cats and dogs.

The judges were able to identify five comprehensive products that were typically amongst the most affordable and provided good overall benefits.

Mozo Experts Choice Awards for Exceptional Quality Pet Insurance

To identify the highest quality pet insurance, our Expert Judges were on the lookout for policies with the most generous benefits and inclusions. This included things across a range of areas such as dental cover, routine care cover, treatment for tick paralysis, flexible excess options and generous benefit limits.

There were 131 policies from 32 insurance companies assessed for this award category, with these seven chosen as the final winners for their top-quality coverage:

To learn more about how our judges selected these winners, read through the Mozo Experts Choice Pet Insurance Awards methodology report. Alternatively if you want to learn more about pet insurance check out our news and tips page.