What $1,000 mistake are Aussie pet owners making?
Important information on terms, conditions and sub-limits
Pets are a man’s best friend, sneaking their way into our hearts and becoming a part of the family. However, along with their companionship, comes the cost of keeping them healthy and safe. Pet insurance can help give pet owners peace of mind, but recent research from Mozo shows that Aussies are paying a whopping $1,030 more than they have to in premiums each year!
The analysis of 121 policies from 32 different providers for the Mozo Experts Choice Pet Insurance Awards showed that on average, the yearly premium difference across comparable pet insurance policies offering Accident, Illness & Routine Care cover, taking into account various cat and dog breeds, was over a thousand dollars!
“It’s vital when comparing pet insurance, not to be swayed by introductory offers or discounts," said Data Director and Mozo Experts Choice Awards judge AJ Duncanson. “Before deciding on a provider, be sure to collect a range of quotes that look at the cost of the policy over the long term, taking into account the specific breed and age of your pet, to make sure the policy provides the level of cover your furry friend needs.”
Cost of dogs vs cats
Thinking about whether a cat or a dog should join your family next? The data might influence your decision, with dogs and pups costing significantly more to insure than kitties and cats. The average monthly premiums for dogs range from $64 - $372 and $46 - $130 for cats. That’s a potential difference of over $200 a month.
With the cost of living continuing to rise, forking out extra money for pet insurance coverage is not on anyones to do list. If you are curious on how you can find a good deal for your pet insurance, shopping around and comparing quotes is definitely encouraged.
Duncanson adds, “Though breed is a significant factor in pricing insurance policies, across the board, regardless of breed or age, provider choice is one of the main factors that will help you save you the most on pet insurance. As the cost of living continues to rise, making your money count for more has never been more important.”
Interested in the creme de la creme of pet insurance providers? Check out the Mozo Editor’s picks of the best pet insurance or or start comparing pet insurance providers for your next policy.
Compare pet insurance
Important information on terms, conditions and sub-limits.
-
Pet Protection Plus
Petsy has zero sublimits and an annual limit up to $25k. Get a pre-existing conditions assessment in your cooling-off period - free of charge for members only. Dedicated all Australian customer service team. Cancel your policy and receive a full refund of your premium in the first 30 days (T&Cs apply).
annual benefit limit
$5,000, $10,000 or $25,000benefit percentage
80% or 90%choice of excess
$0, $150, $200, $300, $500choice of vet
Yesavailable discounts
- 5% discount for second pet covered with Petsy applied for lifetime of the policy
CompareComparePet Protection Plus
Petsy has zero sublimits and an annual limit up to $25k. Get a pre-existing conditions assessment in your cooling-off period - free of charge for members only. Dedicated all Australian customer service team. Cancel your policy and receive a full refund of your premium in the first 30 days (T&Cs apply).
- annual benefit limit
- $5,000, $10,000 or $25,000
- benefit percentage
- 80% or 90%
- choice of excess
- $0, $150, $200, $300, $500
- choice of vet
- Yes
- available discounts
- 5% discount for second pet covered with Petsy applied for lifetime of the policy
- accident only cover
- no
- accident and illness cover
- yes
- routine care
- No
- routine care limit
- N/A
- dog
- yes
- cat
- yes
- ct and mris
- Yes
- cruciate ligament condition limits
- Yes
- hip joint surgery
- Yes
- total hip replacement
- Yes
- tick paralysis
- Yes
- dental cover
- Optional
- emergency boarding
- Yes
- theft or straying
- No
- death from illness
- Yes
- legal liability
- No
- overseas pet travel insurance
- Yes, only while in New Zealand
- essential euthanasia
- Yes
- maximum age in years
- 9
- minimum age in weeks
- 6
- waiting period
- 1 day for Non-specified accidental injury, 14 days for Non-specified illness, and dental illness, 6 months for specified conditions and behavioural problems
- special offers
- Use code "BREAST" and Petsy will donate $50 to National Breast Cancer Foundation
- pre approval process
- Online, phone and written approval. Customer can also request for us to pay the vet directly.
- claims service
- Electronically by your vet, online claims
- other benefits
- -
- other restrictions
- -
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.
Read reviews and learn more about Petsy pet insurance
-
Comprehensive
Get a Comprehensive Coles Pet Insurance policy and collect 10 Flybuys points for every $1 you spend in the pet aisle at Coles (max cap applies). All accidents and injuries, plus 19 specified illnesses covered. Up to 100% back on eligible vet bills. Cured pre-existing conditions covered. You can also get Optional Extras with Routine Care Lite and Routine Care Plus. Exclusions, excess, limits, and T&Cs apply. Underwritten by Guild Insurance Limited.
annual benefit limit
$12,000benefit percentage
80%, 100%choice of excess
$200choice of vet
Yesavailable discounts
- Save 5% when you insure two or more pets on one policy
CompareCompareComprehensive
Get a Comprehensive Coles Pet Insurance policy and collect 10 Flybuys points for every $1 you spend in the pet aisle at Coles (max cap applies). All accidents and injuries, plus 19 specified illnesses covered. Up to 100% back on eligible vet bills. Cured pre-existing conditions covered. You can also get Optional Extras with Routine Care Lite and Routine Care Plus. Exclusions, excess, limits, and T&Cs apply. Underwritten by Guild Insurance Limited.
- annual benefit limit
- $12,000
- benefit percentage
- 80%, 100%
- choice of excess
- $200
- choice of vet
- Yes
- available discounts
- Save 5% when you insure two or more pets on one policy
- accident only cover
- no
- accident and illness cover
- yes
- routine care
- Optional
- routine care limit
- Optional Extra, Up to $250
- dog
- yes
- cat
- yes
- ct and mris
- Yes
- cruciate ligament condition limits
- Yes, up to $3,000
- hip joint surgery
- Yes
- total hip replacement
- Yes - for covered conditions
- tick paralysis
- Yes, up to $2,500
- dental cover
- Optional extra, Routine Care Plus for dental check-up only
- emergency boarding
- No
- theft or straying
- No
- death from illness
- No
- legal liability
- No
- overseas pet travel insurance
- No
- essential euthanasia
- Yes, up to $500
- maximum age in years
- 8
- minimum age in weeks
- 8
- waiting period
- 21 days for accidents and specified illnesses, waiting period waived for specified accidents, 6 months for cruciate ligament conditions
- special offers
- -
- pre approval process
- Written approval
- claims service
- Online claims
- other benefits
- -
- other restrictions
- -
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.
Read reviews and learn more about Coles pet insurance
-
Value Cover
Get great value coverage with Knose Value Cover. Award-winning pet insurance designed with the help of vets. No sub-limits or hidden costs. Customise your plan to help fit your budget. Australian-based customer care.
annual benefit limit
$7,500, $12,5000, or $25,000benefit percentage
70%, 80% or 90%choice of excess
$0, $100, $200 Annual Excesschoice of vet
Yesavailable discounts
- Get 10% off your first-year premium using the promo code "MOZO10"
CompareCompareValue Cover
Get great value coverage with Knose Value Cover. Award-winning pet insurance designed with the help of vets. No sub-limits or hidden costs. Customise your plan to help fit your budget. Australian-based customer care.
- annual benefit limit
- $7,500, $12,5000, or $25,000
- benefit percentage
- 70%, 80% or 90%
- choice of excess
- $0, $100, $200 Annual Excess
- choice of vet
- Yes
- available discounts
- Get 10% off your first-year premium using the promo code "MOZO10"
- accident only cover
- no
- accident and illness cover
- yes
- routine care
- No
- routine care limit
- N/A
- dog
- yes
- cat
- yes
- ct and mris
- Yes
- cruciate ligament condition limits
- Yes
- hip joint surgery
- Yes
- total hip replacement
- Yes
- tick paralysis
- Yes
- dental cover
- Optional
- emergency boarding
- Yes, up to 30 days
- theft or straying
- No
- death from illness
- No
- legal liability
- No
- overseas pet travel insurance
- Yes, only while in New Zealand on a trip of not more than 60 days
- essential euthanasia
- Yes
- maximum age in years
- 8
- minimum age in weeks
- 6
- waiting period
- 1 day for illness, 14 days of illness, and 6 months for specified conditions
- special offers
- Get 10% off your first-year premium using the promo code "MOZO10"
- pre approval process
- -
- claims service
- Online by you or your vet
- other benefits
- Optional excess is charged once per annual policy period. Complimentary access to the Knose Pet Health Hotline.
- other restrictions
- -
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.
Read reviews and learn more about Knose pet insurance
-
Basic
Get a Basic Pet Insurance policy from Coles Insurance and collect 10 Flybuys points for every $1 you spend in the pet aisle at Coles (max cap applies). All accidents and injuries covered, plus 4 specified illnesses covered. Up to 100% back on eligible vet bills. Cured pre-existing conditions covered. Exclusions, excess, limits, and T&Cs apply. Underwritten by Guild Insurance Limited.
annual benefit limit
$10,000benefit percentage
80%, 100%choice of excess
$200choice of vet
Yesavailable discounts
- Save 5% when you insure two or more pets on one policy
CompareCompareBasic
Get a Basic Pet Insurance policy from Coles Insurance and collect 10 Flybuys points for every $1 you spend in the pet aisle at Coles (max cap applies). All accidents and injuries covered, plus 4 specified illnesses covered. Up to 100% back on eligible vet bills. Cured pre-existing conditions covered. Exclusions, excess, limits, and T&Cs apply. Underwritten by Guild Insurance Limited.
- annual benefit limit
- $10,000
- benefit percentage
- 80%, 100%
- choice of excess
- $200
- choice of vet
- Yes
- available discounts
- Save 5% when you insure two or more pets on one policy
- accident only cover
- no
- accident and illness cover
- yes
- routine care
- No
- routine care limit
- N/A
- dog
- yes
- cat
- yes
- ct and mris
- Yes
- cruciate ligament condition limits
- Yes, up to $3,000
- hip joint surgery
- Yes
- total hip replacement
- Yes - for covered conditions
- tick paralysis
- Yes, up to $2,500
- dental cover
- No
- emergency boarding
- No
- theft or straying
- No
- death from illness
- No
- legal liability
- No
- overseas pet travel insurance
- No
- essential euthanasia
- Yes, up to $500
- maximum age in years
- 8
- minimum age in weeks
- 8
- waiting period
- 21 days for accidents and specified illnesses, waiting period waived for specified accidents, 6 months for cruciate ligament conditions
- special offers
- -
- pre approval process
- Written approval
- claims service
- Online claims
- other benefits
- -
- other restrictions
- -
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.
Read reviews and learn more about Coles pet insurance
-
Dog Plan
Get dental, physio and behaviour cover included as standard with Fetch 30k cover with no sub-limits. Your plan includes free 24/7 vet support and an all Aussie vet nurse team to manage claims. Claims are paid directly to your vet.
annual benefit limit
$30,000benefit percentage
80%, 90% or 100%choice of excess
$0 - $200choice of vet
Yesavailable discounts
- Get an extra 5% off your entire plan when two or more pets are covered under the same plan.
CompareCompareDog Plan
Get dental, physio and behaviour cover included as standard with Fetch 30k cover with no sub-limits. Your plan includes free 24/7 vet support and an all Aussie vet nurse team to manage claims. Claims are paid directly to your vet.
- annual benefit limit
- $30,000
- benefit percentage
- 80%, 90% or 100%
- choice of excess
- $0 - $200
- choice of vet
- Yes
- available discounts
- Get an extra 5% off your entire plan when two or more pets are covered under the same plan.
- accident only cover
- no
- accident and illness cover
- yes
- routine care
- No
- routine care limit
- n/a
- dog
- yes
- cat
- no
- ct and mris
- Yes
- cruciate ligament condition limits
- Yes
- hip joint surgery
- Yes
- total hip replacement
- Yes
- tick paralysis
- Yes
- dental cover
- Yes
- emergency boarding
- Up to 14 days
- theft or straying
- No - optional support with a social media campaign targeting up to 5,000 people in your postcode
- death from illness
- No
- legal liability
- No
- overseas pet travel insurance
- No
- essential euthanasia
- Yes
- maximum age in years
- 9
- minimum age in weeks
- 8
- waiting period
- 2 days for injury, 30 days illness, Cruciate rupture, Patellar Luxation, Hip Dysplasia, Elbow Dysplasia, BOAS (Brachycephalic Obstructive Airway Syndrome) and Cherry Eye, has a 90-day waiting period.. Option to submit a video to have waiting period waived.
- special offers
- -
- pre approval process
- Ask your vet to submit a pre-approval and get the outcome in-app.
- claims service
- Claim in-app or your vet submits online.
- other benefits
- Free 24/7 vet support in-app. Physio, Behavior cover included. See PDS for more.
- other restrictions
- -
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.
Read reviews and learn more about Fetch pet insurance
Your selected pet insurance
Your selected pet insurance
Your selected pet insurance
Your selected pet insurance
Your selected pet insurance
* 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