What $1,000 mistake are Aussie pet owners making?
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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.