Average Pet Insurance Cost Australia

That said many australian cat and dog owners do see the value with an ama report finding as a nation we spend an estimated total of 490 million per year on pet insurance with expenditure on dog insurance almost twice that of cat insurance.

Average pet insurance cost australia. Accident only cover costs 20 per month average accident illness cover costs 35 55 per month average comprehensive cover costs more than 60 per month average. We averaged out the cost from 6 australian pet insurance providers for accident accident and medical and comprehensive plans with zero excess. However it is not uncommon for veterinary bills to amount to thousands of dollars and this can cause major financial strain and heartache. The average pet insurance payout last year was 822 according to the industry body the association of british insurers abi and it is fair to say that claims can sometimes run into the thousands.

Here are the average prices of pet insurance for a 1 year old and 5 year old cat per month. On average fees for an annual insurance plan will be 293 for a dog and 246 for a cat but they can be significantly more 4. The cost of pet insurance plans can vary depending on a range of factors. Unsurprisingly cover gets more expensive as your pet ages.

How much does pet insurance cost in australia. And given that the most expensive pet diagnosis according to the rspca an oesophageal perforation has an average claim of 7 750 it s not surprising that many pet owners choose to purchase insurance in order to avoid potentially hefty out of. The price of your pet insurance policy will vary depending on what type of policy you want. However there s a sharper incline in year on year insurance cost increases once your cat or dog turns four years old.

Up until three years old the average cost of premiums jumps by 68 66 a year for dogs and 43 24 a year for cats. According to recent data on the most common pet accident and illness claims rpsca statistics show the average claim amount in fy2019 for cancer 3 503 74 tick paralysis 1 156 87 diabetes 1 952 39 and snake bites 2 133 31 which can be significant costs to burden without the support of pet insurance. You don t want to have.