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185 policies compared to find Australia’s Best Value & Highest Quality Pet Insurers
Mozo is proud to announce the winners of the 2024 Mozo Experts Choice Awards for Pet Insurance, highlighting the best insurers for pet parents in Australia.
8 August 2024
![Two cats and two dogs to represent the types of pets we looked at as part of the Mozo Experts Choice Awards for Pet Insurance 2024](https://cdn.mozo.com.au/images/atwood/16275/Mozo%20Pet%20Insurance%20Awards%202024.png)
Today leading financial comparison site Mozo is proud to announce the winners of the 2024 Mozo Experts Choice Awards for Pet Insurance, highlighting the best value and highest quality pet insurance policies and providers for pet parents in Australia.
Mozo experts reviewed 185 different pet insurance policies from 32 insurers, looking at both dogs and cats, young and old, across different breeds to find the most affordable policies and the policies with the best benefits regardless of price.
Peter Marshall, Mozo Experts Choice Awards Judge, commented on the importance of these awards, stressing that, “Pet insurance policies can be difficult to compare due to the complexities in the various types of policies available, the sheer number of insurers on the market, and because each policy is priced based on a pet’s risk profile.”
“With the cost of insurance on the rise, it’s never been more important for Aussie pet parents to review pet insurance policies, to make sure they’re not paying more than they need to,” says Marshall.
“The Mozo Experts Choice Awards winners list can help Aussies who want to protect their pet find the cheapest or the highest quality coverage without having to review hundreds of policies.”
“While breed and age are a key factors in how much insurance costs for our furry friends, Mozo found that the policy and provider choice can help you save you the most on pet insurance.”
This year, the standout provider and winner of the prestigious Australia’s Best Pet Insurer title was petinsurance.com.au. As the only provider to take out award wins across both Exceptional Value and Exceptional Quality categories for four policies, they have the unique potential to offer Aussie pet owners both competitive pricing and comprehensive coverage.
“It’s rare to find insurers that can provide affordable policies with high quality coverage and generous benefits, but petinsurance.com.au is doing just that. This is the second consecutive year petinsurance.com.au has taken home the top accolade, proving they really are the top dog when it comes to pet insurers.”
Australia’s Best Value Pet Insurers
Mozo's assessment of value aimed to find the most affordable policies, so experts gathered a range of online quotes covering various ages for both cats and dogs. As breed can be a significant pricing factor for dogs, quotes were gathered for several common dog breeds, including border collies and staffies, as well as pedigree and non-pedigree cats.
To compare prices, the judges adjusted premiums based on benefit percentage, excess amount, and first-year discounts, while excluding policies with low annual benefit limits or restrictive sub-limits, and ranked the quotes gathered to find which pet insurers offered the most affordable policies. The best were awarded as the winners of the Exceptional Value Pet Insurance category.
Exceptional Value Pet Insurance (Accident & Illness)
- Budget Direct (3 policy wins) - Essential, Comprehensive, Plus
- Petinsurance.com.au (2 policy wins) - Gold, Silver
- Petbarn (2 policy wins) - Core, Core Plus
- ING - Pet Insurance
- Kogan Insurance - Pet Primary
- Pet Insurance Australia - Pet Essentials
- Petcover - Safety Net Economy
Exceptional Value Pet Insurance (Comprehensive)
- Budget Direct (4 policy wins) - Comprehensive + Routine Care, Comprehensive + Ultimate Routine Care, Plus + Routine Care, Plus + Ultimate Routine Care
- Petinsurance.com.au (2 policy wins) - Gold + Routine Care, Silver + Routine Care
- Kogan Insurance - Pet Primary + Routine Care
- Petcover - Vital + Routine Care
Australia’s Best Quality Pet Insurers
In assessing Exceptional Quality, Mozo’s experts focused on the richness of benefits and coverage flexibility of the 185 pet insurance policies, without considering cost. To determine the best quality policies and providers, benefit percentages, excess options, annual benefit limits, and coverage for essential treatments and services were analysed.
The rigorous process included comprehensive reviews of each policy's generosity in covering critical conditions such as tick paralysis, hip surgery and replacement, dental care, MRI scans, and emergency boarding. Policies were scrutinised for their ability to provide robust protection across a range of scenarios, and the providers that excelled in delivering superior overall benefits and comprehensive care for pets were named the winners of the Exceptional Quality category.
Exceptional Quality Pet Insurance
- Medibank (2 policy wins) - Pet Max, Pet Plus
- 1300 Insurance - Pet Insurance
- Commonwealth Bank - Plus Cover
- Fetch - Pet Plan
- Knose - Pet Insurance
- Petinsurance.com.au - Platinum
- Petsy - Pet Insurance Plus
- Trupanion - Pet Insurance
The Mozo Experts Choice Awards were established in 2014 to help Australian consumers find the best value offers across a range of products and services. For the 2024 Pet Insurance Awards, Mozo’s experts analysed 185 policies, issued by 32 insurers, with the information collection conducted in June - July 2024.
To find out more, read Mozo’s research methodology report.
For more information about the Mozo Experts Choice Awards, reach out to our partnerships team at account.management@mozo.com.au.