Pet on your Christmas wish list? Here’s the buzz on 3 new pet insurance players
Important information on terms, conditions and sub-limits
If you or someone in your household has got their heart set on a fur baby this Christmas, it’s also time to start thinking about Pet Insurance.
According to the Australian Government website Moneysmart, owning a cat or dog in the first year will cost you between $3,000 - $6,000 or more, so getting a pet isn’t a decision you should take lightly.
Pet Insurance is something that can help you recover some of the eligible vet and treatment costs you may have to pay upfront if your pet gets sick or injured so it is worth considering as vet bills can be expensive.
Like other types of finance products, there’s been a big shift in insurance to online policies and apps in recent years, and along with this boom, several new providers (and some well-known brands) have launched Pet Insurance policies in the Australian market.
Here’s a quick look at what’s on offer from these players…
Important information on terms, conditions and sub-limits.
Coles Pet Insurance*
- Multi Mozo Peoples’ Choice Award winner^
- Earn 10X Flybuys points in the pet aisle at Coles (Max cap applies)
- Save 5% when you insure two or more pets on the one policy
Winner of Mozo People’s Choice Awards for Most Recommended and Outstanding Customer Satisfaction, Coles Pet Insurance offers pet owners a range of policies to choose from depending on your budget. The Basic cover option provides protection for all accidents and illnesses (up to a $10,000 benefit limit) while the top of the range Premium cover covers all accidents and injuries, over 3,000 illnesses as well as optional routine health maintenance and dental up to a benefit limit of $15,000. You can choose who treats your pet (as long as they are a qualified or registered vet in Australia), and your pet gets guaranteed lifetime cover.
An added bonus is the 10X Flybuys points you can earn at the Coles pet aisle (max 1000 points per month cap applies) and if you have more than one pet to insure you’ll get a 5% discount. Be sure to read the PDS for full details and terms and conditions prior to purchasing.
Petsy Pet Insurance*
- Mozo Experts Choice Award winner^
- No sub-limits (T&Cs apply)
- Choice of licensed Australian vet
Petsy Pet Insurance took out a 2023 Mozo Experts Choice Award^ for Quality Cover. Your pet must be at least 6 weeks old and no older than 9 years when starting a new policy but there are no age limits on renewals.
Petsy Pet Insurance doesn’t have policy sub-limits, you simply choose the max annual benefit limit ($5000, $10,000 and $25,000) and annual excess to suit your budget. You can customise your policy with optional extras like dental, behavioural problems, and alternative therapies cover. Petsy also allows you to choose your own registered vet. Like every insurance policy they do have some exclusions and exclusion periods so be sure to fully read the PDS before applying.
Knose Pet Insurance*
- Mozo Experts Choice Award winner^
- Get 10% off your first-year premium using the promo code "MOZO10"
- Annual benefit limit of $25,000 for accident and injury cover
Knose won a 2024 Mozo Expert's Choice Award for Exceptional Quality Pet Insurance. Knose's 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. Knose also claims no sub-limits 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