It’s every pet parent’s worst nightmare: an unexpected emergency trip to the vet after finding your pet seriously ill or injured. These moments can be traumatic for your pet and for yourself, and the last thing you want to worry about is how to pay for the vet bill. Pet insurance can be a lifesaver in these situations, helping you to afford the best treatment for your pet without compromise, or having to make a heart-breaking decision.
What are the benefits of pet insurance?
For times of illness, accidental injuries, and routine medical care, pet insurance is a great asset to have. Pet insurance is designed to protect you and your pet by minimising the overall cost of veterinary expenses, so you aren’t caught out financially should the unexpected happen. Some of the benefits of pet insurance include:
- Peace of mind of knowing you and your pet are covered if your pet becomes seriously ill or injured
- Your pet receives the treatment they deserve rather than having to choose a treatment plan based on what you can afford
- It could save your pet’s life – many pet owners have had to make the difficult decision to euthanise based on financial costs rather than medical needs
- It’s a form of budgeting as it lets you know your veterinary costs in advance. Budgeting for vet care can be difficult as you never know when your pet will become sick or have an accident. Pet insurance makes costs more predictable and easier to budget for
- It can save you money – vet treatment and medicines for serious injuries or illnesses can be extremely expensive, and having pet insurance can save you from having to fund any unforeseen expenses
- It can offset the cost of certain expensive surgeries and emergency procedures your pet may need down the track.
When should you take out pet insurance?
Believe it or not, the best time to take out pet insurance is when your pet is young and healthy. No matter your pet’s age, young or old, they are at just as much risk of illness and injury. It’s important to note, however, that as our pets age they are more likely to develop health conditions, so many insurers don’t cover pre-existing conditions or won’t allow senior pets to join at all. That’s why taking out pet insurance early on is so important.
How much does pet insurance cost?
On average, Australian pet insurance premiums range from $84 per month to $127 per month. Premiums can vary based on your pet’s age, breed, species and location. The type of coverage you choose (accident-only or comprehensive), along with optional extras (like dental) can significantly impact the price. Additionally, adjusting your excess (the amount you pay out-of-pocket per claim) can help to lower monthly premiums.
What is usually covered and what’s not?
Usually covered:
- Accidents and emergencies
- Illnesses
- Surgeries
- Hospitalisation
- Prescription medications
- Optional extras (e.g. dental, routine care)
Not usually covered:
- Pre-existing conditions
- Elective procedures
- Breeding-related costs
- Behavioural training
How do you choose the right provider?
With the number of companies on the market offering pet insurance (each of them with different inclusions and exclusions), it’s important to spend some time researching to find the policy that best suits you and your pet. When comparing pet insurance it’s important to keep in mind:
- What is covered in the policy? Some policies also include routine check-ups, vaccinations and dental treatment, as well as accidents and emergencies
- Any there any restrictions on the age or breed of your pet?
- Are hereditary (illnesses your pet may develop throughout their life due to characteristics they have inherited) and congenital (conditions your pet has had since birth) conditions covered?
- What other exclusions are there?
- Are there any waiting periods?
- Is there an excess, and if so how much?
Some Australian insurance options based on your situation:
Comprehensive Cover – High limits, dental, no sub-limits or optional extras
Value for Money – Multiple awards for value and quality
Low Cost – Affordable premiums with accident-only coverage
Flexible Plans – Customisable reimbursement or transparent terms
Do your own research to find which insurer works best for you and your pet. With many different options now available to suit all budgets and needs, organising insurance for your pet has never been more convenient.
If your pet is ill or injured, contact your closest Animal Emergency Service hospital or your local vet immediately.
AES Locations:
- AES Carrara (QLD)
- AES Hawthorn East (VIC)
- AES Hobart (TAS)
- AES Jindalee (QLD)
- AES North Coast (NSW)
- AES Tanawha (QLD)
- AES Underwood (QLD)