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Cheap Pet Insurance

Find affordable insurance for your pet with Savvy today.

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Savvy Editorial Team
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, updated on October 6th, 2023       

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Pet Insurance Banner

Compare pet insurance

Looking into pet insurance for your beloved furry friend? Whether you have a playful pup or a curious cat, you can compare pet insurance options from a range of providers and find the perfect coverage that suits your pet's unique needs and your budget. 

site-logos Fetch Care Plan

Annual benefits limit

Excess

% Benefits reimbursement rate

Covers illness?

Covers accidental injuries?

$30,000 $100 80%, 90% or 100% pros-item-petins pros-item-petins

Pet insurance we think you’ll love. 24/7 vet support + dental, physio and behaviour cover added (see PDS) all in one app.

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site-logos Petsy Most Popular 80% Cover $150 Excess

Annual benefits limit

Excess

% Benefits reimbursement rate

Covers illness?

Covers accidental injuries?

$25,000 $150 80% pros-item-petins pros-item-petins

Protect your furry friend with Petsy's pet insurance policy. Get a free quote.

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site-logos Fetch Premium Plan

Annual benefits limit

Excess

% Benefits reimbursement rate

Covers illness?

Covers accidental injuries?

$30,000 $0 80% or 90% pros-item-petins pros-item-petins

Pet insurance we think you’ll love. 24/7 vet support + dental, physio and behaviour cover added (see PDS) all in one app.

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site-logos Knose Pet Insurance

Annual benefits limit

Excess

% Benefits reimbursement rate

Covers illness?

Covers accidental injuries?

$7,500, $12,500 or $25,000 $0 / $100 / $200 70%, 80% or 90% pros-item-petins pros-item-petins

Multi-award winning pet insurance designed with the help of vets.

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site-logos Petsy Value Cover 80% Cover $500 Excess

Annual benefits limit

Excess

% Benefits reimbursement rate

Covers illness?

Covers accidental injuries?

$10,000 $500 80% pros-item-petins pros-item-petins

Protect your furry friend with Petsy's pet insurance policy. Get a free quote.

More details
site-logos Petsy Top Cover

Annual benefits limit

Excess

% Benefits reimbursement rate

Covers illness?

Covers accidental injuries?

$25,000 $0 / $150 / $500 90% pros-item-petins pros-item-petins

Protect your furry friend with Petsy's pet insurance policy. Get a free quote.

More details

Disclaimer: Savvy is not advising or recommending any particular product to you. We provide general information on products for the purposes of comparison, but your personal situation or goals are not considered here. Although we try to make our comparisons as thorough as possible, we do not have information on all products on the market on our site.

Savvy earns a commission each time a customer buys a pet insurance policy through our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via the individual pet insurance companies.

You should always consult a given offer's PDS or further documentation in the process of deciding on which loan to choose, as well as seeking independent, professional advice. If you decide to apply with one of the lenders listed above via our website, you will not be dealing with Savvy; any applications or enquiries will be conducted directly with the lender offering that product.

Pet insurance is a worthwhile consideration for all pet owners, offering financial protection and peace of mind in the event of unexpected accidents or illnesses. However, it’s important that your policy is within budget. If you are looking for cheap pet insurance in Australia, Savvy can help.

With our online comparison tool, you can compare policies from leading insurers in minutes, helping you find a deal that suits your pet’s needs. Get started with a free, no-obligation quote today.  

How can I get cheap pet insurance?

The cost of insuring your pet can be significant, but there are ways to lower your premiums. When searching for affordable pet insurance, consider the following tips:

Insure your pet early on

Insuring your pet from a younger age and maintaining your policy can lead to significant cost savings as your pet ages. When you start insurance coverage early in your pet’s life, you benefit from lower premiums and comprehensive coverage. As your pet grows older and requires greater care, they might be more expensive to insure if you are looking for a new policy.  

Consider the coverage

Evaluate the type of pet insurance and what it covers, taking into account your pet’s breed, age, health and lifestyle. Comprehensive pet insurance is the most extensive, but also tends to be the most expensive; if you decide you don’t need all the features offered by a comprehensive plan, accident-only and accident and illness policies can offer a level of protection for your pet at lower cost.   

Choose a higher excess or lower annual limit and benefit percentage

Consider a higher excess or opting for a lower annual limit and benefit percentage. A higher excess can lead to lower premiums, while a lower annual limit and benefit percentage can help reduce the overall cost of the policy. However, it’s essential to note that while these choices may reduce your policy’s price, they can also lead to higher out-of-pocket expenses when making claims.

Combine policies

Some insurers offer special deals for customers who bundle multiple policies with them. Consider combining your pet insurance with an existing policy or, if you have multiple pets, some providers offer discounted premiums for multi-pet cover, consolidating them under a single policy for potential savings.

Look for discounts

Keep an eye out for potential discounts offered by insurers. As well as multi-pet discounts, some insurance companies may provide special promotions or incentives for new customers, such as limited-time free coverage or lower premiums for the first year. 

Shop around

Look at different pet insurance options to find the most suitable and cost-effective insurance plan for your pet’s specific needs. With Savvy’s 100% free comparison service, you can compare quotes from trusted insurers in minutes, helping you find a pet insurance deal that works for you.

Is the cheapest pet insurance the best one for my pet?

The cheapest pet insurance may not necessarily be the best option for your pet, especially if they require extensive medical care or treatment for specific conditions. It’s essential to consider the overall value of the policy and your pet’s specific circumstances to help ensure that it’s adequately protected. In Australia, there are three main types of pet insurance cover to choose from:   

Accident-only

Accident-only pet insurance policies provide coverage for accidental injuries to your pet, such as broken bones, wounds or necessary surgeries resulting from accidents or incidents involving other animals or objects. These policies are the most affordable option among pet insurance plans, but do not cover treatment for illnesses or any behavioural or trauma-related issues.

Accident and illness

Accident and illness pet insurance policies are mid-level plans that cover accidental injuries but go a step further than accident-only plans by also covering the treatment of health conditions and diseases. This may include issues like joint problems, cancer, diabetes and tick paralysis. However, other services such as elective surgeries for non-severe illnesses and routine care generally aren’t covered.

Comprehensive

Comprehensive pet insurance is the most extensive policy option, offering a wide range of coverage for your pet, including accident and illness cover and potentially routine treatments like vaccinations and dental cleaning, and dental illness cover. However, while it provides the highest level of protection for your pet, it is also the most expensive type of policy.   

Covers Does not cover
Accident-only
  • Injuries that are the result of an accident, such as broken bones, wounds and necessary surgeries.
  • Illness and disease.
  • Routine care.
  • Dental illness.
  • Costs related to breeding and grooming.
Accident and illness
  • Injuries that are the result of an accident, such as broken bones, wounds and necessary surgeries.
  • Illness and disease such as diabetes, joint issues and tick paralysis.
  • Routine care.
  • Dental illness.
  • Costs related to breeding and grooming.
Comprehensive
  • Injuries that are the result of an accident, such as broken bones, wounds and necessary surgeries.
  • Illness and disease such as diabetes, joint issues and tick paralysis.
  • Routine care such as vaccinations and dental cleaning (optional extra).
  • Dental illness such as gingivitis and abscesses (optional extra on select policies).
  • Costs related to breeding and grooming.

Types of pet insurance you can choose from

Why compare pet insurance with Savvy?

Understanding premium, excess, annual limit and benefit percentage in pet insurance

Top tips for comparing cheap pet insurance

Assess policy coverage

Carefully review the policy details to ensure it covers essential aspects you require such as accidents, illnesses and emergency care. Look for specific coverage exclusions that might make the policy less suitable for your pet's needs.

Consider premiums and costs

Balance cost with coverage to ensure you're getting the protection you need. Look for insurers that provide good value for the coverage offered.

Review insurers

Different types of insurers cater to various customer preferences. Some cater to budget-conscious pet owners, while others cater to those seeking comprehensive coverage. By choosing an insurer that aligns with your needs, you'll have a better chance of finding a policy that suits you.

Look at benefit limits and claim caps

Evaluate the benefit percentage (the portion of vet expenses covered) and the annual limit (maximum amount covered in a policy year) offered by various pet insurance plans. A higher benefit percentage means the insurer contributes more towards the bill, reducing your out-of-pocket expenses.

Explore your options

Don't settle for the first offer you come across. Obtain quotes from multiple insurers and compare their coverage and premiums. If you are looking for good-value pet insurance, you can compare policies with Savvy today.

Frequently asked questions about cheap pet insurance

Is pet insurance worth it?

While pet insurance may seem like an additional expense, it can provide financial security in case of unexpected accidents or illnesses, potentially saving you from hefty vet bills. Assessing your pet's health, breed and lifestyle can help you determine if the cost of pet insurance aligns with your pet’s needs and your financial situation, which can provide greater peace of mind and potential cost savings in case of emergencies.

Which animals and breeds are the cheapest to insure?

The cost of pet insurance can vary based on factors like the type of animal, breed, age and location. Generally, smaller and younger pets may have lower insurance premiums compared to older or larger breeds. Mixed-breed dogs and cats may also have more affordable insurance options.

If you have an exotic pet, you may find insurance costlier and more limited than insurance for cats and dogs, and they may require specialist treatment that not all vets provide. Similarly, horses can have high insurance costs, depending on what it is used for.  

Does location affect the cost of pet insurance?

Yes – your pet insurance costs may vary depending on where you live. This may be because of higher veterinary care costs in certain areas or the prevalence of particular health risks, diseases or hazards in a particular region.

Is it cheaper to switch pet insurance or stay with the same provider?

Whether it is worthwhile switching pet insurance providers can vary based on individual circumstances. In some cases, switching to a new provider might offer cost savings, especially if you find a better policy that suits your pet's needs at a lower premium. However, factors like waiting periods, pre-existing conditions and the age of your pet can impact the cost of switching, as can potential charges such as cancellation fees. It's therefore essential to carefully review new policies and consider any potential drawbacks before deciding to change.

Will I save money by insuring all my pets under the same policy?

Insuring multiple pets under the same policy can often lead to cost savings through multi-pet discounts offered by some insurers. However, it's crucial to compare the total cost of insuring each pet individually versus the bundled cost to ensure you are genuinely saving money. Additionally, consider the specific needs and health conditions of each pet to determine if a multi-pet policy is the best option for you.