Best Pet Insurance

Find out best pet insurance policies with Savvy.

Last updated on May 4th, 2022 at 03:10 pm by Bill Tsouvalas

Best Pet Insurance

We all love our pets, and for most owners, providing the best care possible for them is of the utmost importance.

For this reason, you have probably considered taking out pet insurance to ensure that your pet can have all of its needs taken care of in the event of an emergency, but finding exactly the right policy can be difficult.

Here you can read all of the information you need about how to find the best pet insurance to put your mind at ease and compare policies to find the right product for you and your pet.

How do I find the best pet insurance?

To find the best pet insurance policy for you cat, dog, or pet of another type, your first step should be using Savvy’s online comparison tool to help you narrow down your options and give you an idea of what choices are available to you. When deciding on the best pet insurance policy for you and your pet, there are a lot of things to consider. In order to make sure that you get the best policy you should:

Realistically identify the needs of your pet

The first thing to consider when you begin your search for the best pet insurance is what exactly your pet’s needs are. For example, if you have a puppy who is young and healthy, you might want to consider taking on a policy which offers ‘accident only’ cover, as it may be less likely to develop any sudden, unexpected illnesses, but could be more likely to be boisterous and clumsy, resulting in injury. If you have an older dog who is more susceptible to health problems, then you will likely want to take out a higher level of cover.

Determine what level of cover best fits your budget

You should also decide if you are more likely to want to pay a lower monthly premium in exchange for a lower excess in the event that you need to make a claim, or to pay a higher excess to keep your monthly premiums as low as possible. Another point which might impact your decision regarding the best insurance for your pet is the annual benefit limit, or in other words, the total amount you will be eligible to have covered under your policy across all claims in the span of one year. If you wish to err on the side of caution, then you may want to make sure that your policy has a higher benefit limit, however if you anticipate making minimal claims, then a policy with a lower benefit limit might be the best for you.

Think about a life-time policy

By insuring your pet from a young age, you can renew your policy annually over time, and also guarantee that your pet will be eligible to receive cover from your insurer as your pet reaches it old age. Because it can be difficult and more expensive to insure older pets, you might find that taking out a lifetime policy will best benefit your pet in the long-run.

What’s the best type of pet insurance for me?

Pet insurance policies come in a variety of types, which are each suited to different owners and their pets. These types are generally priced according to the level of cover they offer, and are as follows:

Accident only

Accident only policies cover your pet in the event that it is accidentally injured or wounded during play, or in an encounter with another pet. This type of policy is best suited to younger pets who are unlikely to face some of the health issues typically associated with aging animals, or for owners who wish to find a budget insurance option.

Accident and illness

Accident and illness policies provide the same cover as an accident only cover, with the addition of cover for sickness, disease and certain other instances such as tick paralysis. These policies offer a reliable level of care for your pet at a moderate price and suits owners who want to provide a high level of cover for their pet, while not paying very high premiums.

Accident, illness and routine care (comprehensive)

Comprehensive policies offer the widest range of cover available to owners and include regular treatments, vaccinations, and dental care, in addition to all of the cover mentioned above. This policy type is best suited to older animals who need a higher level of cover due to their increased susceptibility to health complications, and owners who might wish to save money by capitalising on the routine care cover provided here.

How do I compare the best pet insurance policies?

Pet insurance policies come in many shapes and sizes, and the costs for these policies vary accordingly. The most effective way to compare the best pet insurance providers in Australia is to use Savvy’s online comparison tools. These make it quick and easy for you to gain a comprehensive overview of different pet insurance companies and whether or not they can provide a policy that will be the right fit for your pet and budget.

The mains things you should consider when trying to compare between policies are:

Type of insurer

Some insurers typically offer products that are geared more towards customers who are looking for a premium product, while others tend to offer budget policies, or a variety of the two. Obviously, depending on your needs, the best type of insurer you choose to take out a policy with will differ.


Whether you are on a budget or are looking to splash out on your pet, the policy premium will be an important decision-making factor for your comparison process. You can think about whether you would prefer to pay a higher premium and lower claim excess, or the other way around.

Type of policy

Different policies provide different levels of cover and fall into categories such as ‘accident only’, ‘accident and illness’, and ‘accident, illness and routine care’ or ‘comprehensive’. These categories offer cover for differing ranges of incidents ranging from accidental injury only, to almost all aspects of your animal’s wellbeing.

Claim reimbursement rate

When you make a claim for your pet’s expenses, you will be entitled to rebates from your insurer at a set percentage rate of the total costs accrued in relation to that claim. Ideally, you will want to find a policy that can offer you the highest possible percentage rate for reimbursements.

Maximum benefit cover

Many policies stipulate a maximum level of cover which you are entitled to claim of the course of a twelve-month period. If you feel like you are likely to make several claims within a year, or simply want to be on the safe side, a policy with high maximum cover will be your best choice.

Explained: applications and claims for your pet insurance policy

Top tips on how to save money on the best pet insurance policy

Think about your pet’s breed

Be selective about which animal breed you buy or adopt, if you haven’t already. Certain breeds of cats and dogs such as Sphinx cats and Great Danes are more expensive to insure because they are notorious for developing health issues. By choosing a more common breed as your pet, you can probably save money on their insurance.

Insure your pet early on in its life

By insuring your pet from a younger age and continually renewing your policy on an annual basis you will likely end up spending less for your pet’s policy once it reaches its old age. Insuring a senior pet who has not previously had a policy is often more experience and can be more difficult to arrange.

Bundle multiple pets under the same policy

By insuring more than one pet together, your insurer might offer you a cheaper pet insurance premium. These can also be a convenient way to save time as you will be required to only manage and renew one policy, instead of several.

More frequently asked questions about the best pet insurance

How much do the best pet insurance premiums cost?

Premium costs for your pet insurance have the capacity to vary greatly depending on the age, type of animal, breed and health status of your pet. Basic policies which offer only accidental injury cover can start from an average of $20 per month, or $240 annually, whereas more comprehensive policies could cost you up to $60 per month ($720 annually) or more. Bear in mind, though, that these costs will not completely cover your pet’s health care. When a claimable event occurs, you will still need to cover associated costs up front, and will only be reimbursed for between 60% to 80% of this amount. For this reason, it is always a good idea to set funds aside to cover these costs once your pet has been insured.

What is the best pet insurance in Australia?

Many Australian pet insurers offer a range of affordable policies, however the best policy for you will come down to your particular needs. Try to find a policy that has a low monthly premium while still offering a range of coverage that best suits the needs of your pet. Other factors that you should consider when trying to find the best pet insurance are the percentage of costs you will be reimbursed for claims, as well as the annual benefit total that your pet will be eligible to receive. By searching for a policy that balances all of these variables, you can insure your pet in a way that is both affordable and sufficient.

Which is the best pet insurance for dogs?

While different pets’ needs require different levels of coverage, and owners can have a subjective view of which is the best pet insurance, the most thorough approach in the long-term would be to take out a comprehensive policy for your dog while they are still young and have a clean bill of health. This will ensure that you dog has the best care from a young age and can remain insured as your dog ages into its senior years.

Which is the best pet insurance for cats?

Much like for dogs, the best insurance for cats, generally speaking, will be a lifetime, comprehensive policy that can cover your cat from a young age until it reaches senior status. You might find that at a young age, your cat will not require comprehensive care and will need accident cover only. As your cat ages however, you can begin to think about renewing your policy with the added coverage of illness and routine care as well. This way you will be able to save costs during the earlier stages of your cat’s life in order to be prepared to pay slightly higher premiums as it ages.

Is a lifetime policy most likely to provide my pet with the best pet insurance?

Lifetime policies guarantee your pet will be covered for the duration of its years, so long as you choose to continually renew your pet’s insurance policy without letting your policy lapse. For many pet owners, this can be the best option because insuring your pet once it has passed a certain age can sometimes be problematic and more expensive. If you want to maintain the best level of cover for your pet at the most affordable premium rate, then lifetime policies are probably an option you should look into.

How much can I claim with the best pet insurance policies?

The most comprehensive pet insurance policies will allow you to receive up to 80% of the costs of your vet bills when you make a claim. The policies which allow for the highest claim amounts generally have no cap on total claims over a twelve month period, however other more affordable policies can set their caps at anywhere from $5,000 to $20,000.