Pet insurance comparison

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We have scanned through more than 20 different pet insurances available in the market and made a table composed of monthly premiums, annual benefits, reimbursement rates, excess amounts, and waiting periods.

Pet insurance comparison

Fair pricing logo

We have scanned through more than 20 different pet insurances available in the market and made a table composed of monthly premiums, annual benefits, reimbursement rates, excess amounts, and waiting periods.

Our verdict:


Among all the pet insurances presented below, Medibank pet insurance had the highest premium monthly, with a cost of $102.01. Although the annual benefit limit of MediBank was not that high in comparison with the other insurances like Guide Dogs and Knose, taking into consideration the additional benefits included in the package, MediBank still had a high monthly premium.

Meanwhile, Knose pet insurance has the shortest waiting period among all the pet insurances presented below. Although it also has a high monthly premium but compared to the benefit of Knose pet insurance, we think that it is one of the best purchases, considering the high reimbursement rate of up to 90%.

Furbaby Pet Insurance Comparison table

Pet Insurance Plan Monthly Premium Annual benefit limit Reimbursement Rate Excess Amount Waiting Period for Illnesses
Guide Dogs $82.03 $20,000 85% $0 30 days
Pet Secure $99.07 $12,000 85% $0 30 days
RSPCA $70.74 $11,000 80% $0 30 days
Pet Insurance Australia $82.29 $15,145 80% $0 30 days
Knose $92.11 $25,000 90% $0 14 days
Guardian $69.47 $12,000 80% $0 30 days
Real Insurance $70.90 $12,000 80% $0 30 days
Australian Seniors $76.90 $12,000 80% $0 30 days
Prime $87.93 $14,000 85% $0 30 days
Petsy $73.56 $10,000 80% $0 30 days
Bow Wow Meow $92.99 $20,000 80% $0 30 days
Medibank $102.01 $15,000 80% $0 30 days
Woolworths $78.95 $12,000 80% $0 30 days
HCF $88.83 $12,145 80% $0 30 days
Bupa $74.11 $20,000 80% $0 30 days
Petbarn $75.69 $20,000 80% $0 30 days
Prosure $70.72 $14,500 80% $0 30 days
Petinsurance $73.56 $10,000 80% $0 30 days
Australia Post $62.98 $15,000 80% $0 30 days
PetMed $75.35 $18,000 80% $0 30 days

What is Comparison Table 


The pet insurances that we presented above are tabulated based on their monthly premiums, annual benefit limit, reimbursement rate, excess charges, and waiting periods because these pieces of information are the most important ones when it comes to searching through pet insurances.


  • Monthly premium – according to Moneysmart, by the Australian government, the average monthly premium for pet insurances is from $20 to $60 a month. But the actual amount that you can pay is dependent on the benefits included in your policy or that benefit that you want to have to depend on your budget. Some pet insurance has plans that you can choose add-ons. If this is the case, your monthly premium may change.
  • Annual benefit limit – the annual benefit limit is the total amount that you can claim per year. Sometimes, pet insurance breaks down the yearly benefit into a per condition limit to have a more precise amount presented to the client.
  • Most of the time, people do not usually reach their annual benefit limit. But knowing that you have that much amount you can spend for your loved one’s health is more calming and gives you a peace of mind.
  • Reimbursement rate – the reimbursement rate of pet insurance has a basis of age of a pet insured. If your pet is younger than the maximum age limit, you will more likely have a higher reimbursement rate. However, some pet insurance providers have a term where they reduce the reimbursement rate of the client’s pet once it reaches the maximum age limit.
  • Excess – the excess amount is the amount that you have to pay over a claim. In some insurance providers, they let you choose the excess charges so that you can either pay for a lower premium or a higher premium. Lower excess fee means a higher monthly premium, and higher excess charges mean a lower monthly premium.
  • For the table presented above, we chose the pet insurers who give $0 excess so that there will only be a smaller factor to be considered, such as the monthly premium, annual benefit limit, and reimbursement rates.
  • Waiting periods – the waiting period is the time between you can file a claim after the policy comes into effect. If you file a claim right after the purchase of the plan and not wait for the waiting period to take effect, your Claim will be forfeited.


Often, pet insurers offer waiting periods per condition. For accidental injuries, most insurers have no waiting period, which means you can file for a claim right after the purchase of the policy. Illnesses usually have a 30-day waiting period for other insurance providers. But for the table above, you will notice that Knose pet insurance had the shortest waiting period. Shorter waiting periods are a plus for an insurance plan. 


There are specific reasons why insurance companies implement waiting periods. First, older pets may have pre-existing conditions wherein treatments done for that condition before the enrollment of the policy; however, it requires further treatments. And this is not covered by the insurers.


Another reason for the waiting period is to prevent fraud. Other clients may get their pets insured immediately due to a scheduled operation and may cancel the policy right after the Claim is being made.

Please note that the table above obtained through the online quotes given by the insurers is for a six-month-old de-sexed puppy last 2019 with a 60-year old owner. There were no promos availed, and comprehensive packages with no add-ons also done. Moreover, we must still take into consideration the health of the dog, the location of the owner, and the breed to know the exact amount that you need for your desired pet insurance.


NOTE- The table above is only a representation for dogs, and may or may not change for the insurance plan for cats.


The Ultimate Guide to Pet Insurance Comparison: What You Need to Know


Pet insurance comparison involves evaluating and contrasting different pet insurance policies and providers to determine the best option for your pet's health needs and your budget. It is a process of researching, analyzing and comparing various plans and providers to identify which plan offers the best value and coverage for your pet.


When comparing pet insurance plans, it is important to consider factors such as coverage options, deductibles, premiums, co-pays, waiting periods, pre-existing conditions, exclusions, and the reputation of the provider. By evaluating these factors, you can determine which policy and provider are best suited to meet your specific needs and the needs of your pet.


A pet insurance comparison may involve obtaining quotes from different providers and comparing their rates and coverage options side-by-side. It may also involve reading reviews and customer feedback to get an idea of the level of service and satisfaction provided by each provider.

Ultimately, a pet insurance comparison can help pet owners make an informed decision about which plan to choose and how to protect their furry friend's health and well-being. It can also provide peace of mind knowing that you have a comprehensive plan in place to cover unexpected medical expenses for your pet.


Comparing pet insurance policies is crucial to ensure that you are getting the best coverage for your furry friend. Here are some reasons why pet insurance comparison is important:

  1. Saves Money: By comparing pet insurance policies, you can find a plan that suits your budget and provides the necessary coverage for your pet. Comparing plans allows you to find the best policy that provides the most comprehensive coverage at the most affordable price.
  2. Tailored Coverage: Every pet has unique needs, and you can tailor your pet insurance policy accordingly. By comparing policies, you can find the policy that meets the specific needs of your pet, whether that be for illnesses, accidents, or routine care.
  3. Variety of Options: With so many pet insurance providers and plans available, comparing policies allows you to explore the various options and find a policy that works best for you and your pet. You can compare features such as deductibles, annual limits, reimbursement percentages, and more to ensure you get the best value for your money.
  4. Peace of Mind: Pet insurance comparison ensures that you have the peace of mind knowing that you have the best possible coverage for your pet. You won't have to worry about the financial burden of unexpected veterinary bills and can focus on providing the best care for your furry friend.


The article titled "The Ultimate Guide to Pet Insurance Comparison: What You Need to Know" provides a comprehensive overview of pet insurance comparison, its importance, and how to go about it. The article covers topics such as the basics of pet insurance, types of coverage, factors to consider when choosing a plan, how to compare different pet insurance plans, and common misconceptions about pet insurance. The goal of the article is to provide readers with the information they need to make an informed decision about pet insurance and ensure that their furry friends are protected.


Pet insurance comparison refers to the process of evaluating various pet insurance policies available in the market to choose the most suitable one for your pet. It involves comparing the coverage, benefits, deductibles, premiums, and other terms and conditions of different policies offered by various insurance providers.

Pet insurance comparison is necessary as it helps you find a policy that suits your budget and covers your pet's specific needs. Each pet insurance policy has its own unique features, and comparing them allows you to determine which policy offers the best value for money.


Pet insurance comparison can be a daunting task, especially if you are a first-time pet owner. However, with the right information and guidance, you can make an informed decision and choose a policy that offers the right balance between affordability and coverage.


When it comes to conducting a pet insurance comparison, there are several steps you can take to ensure you make an informed decision. Here are some tips to follow:

  • Identify your pet's needs: Different pets have different needs when it comes to insurance coverage. For example, an older pet may require more coverage for age-related illnesses, while a younger pet may need more coverage for accidents.
  • Compare coverage options: Look for plans that cover the specific needs of your pet, such as preventative care, emergency services, and chronic conditions. Make sure to read the policy carefully to understand what is and isn't covered.
  • Compare deductibles and premiums: Consider how much you can afford to pay out of pocket for your pet's care and compare different plans' deductibles and premiums.
  • Check for exclusions: Make sure to read the policy's exclusions carefully. Some plans may not cover pre-existing conditions or certain breeds.
  • Research the insurer: Check the insurer's reputation and ratings to ensure they have a history of providing good customer service and paying out claims in a timely manner.
  • Get multiple quotes: Don't just settle for the first plan you find. Get quotes from several insurers and compare them side by side to find the best value for your money.

By following these steps, you can conduct a thorough pet insurance comparison and find the right plan to meet your pet's needs and your budget.


When comparing pet insurance policies, it is important to consider the following factors:

  • Coverage: Look for a policy that offers comprehensive coverage for accidents, illnesses, and hereditary conditions.
  • Exclusions: Read the fine print carefully to understand what is excluded from coverage, such as pre-existing conditions or certain breeds.
  • Deductibles: Consider the deductible amount, which is the amount you pay out of pocket before the insurance coverage kicks in.
  • Reimbursement percentage: Look for a policy that offers a high reimbursement percentage to help cover the cost of veterinary bills.
  • Premiums: Compare the monthly or annual premiums of each policy to find one that fits your budget.
  • Customer service: Look for a company with good customer service that is responsive to your questions and concerns.


Choosing the best pet insurance policy for your pet can be a daunting task. Here are some tips to help you make an informed decision:

  • Evaluate your pet's needs: Consider your pet's age, breed, and health history to determine what type of coverage they need.
  • Compare multiple policies: Gather quotes and compare policies from several different providers to find the best coverage and pricing.
  • Read the fine print: Make sure you fully understand the terms and conditions of the policy, including any exclusions or limitations.
  • Consider the cost: Determine how much you are willing and able to pay for pet insurance and choose a policy that fits your budget.
  • Check for discounts: Some providers offer discounts for multiple pets, military service members, or other circumstances. Check to see if you qualify for any discounts.


Comparing pet insurance policies can offer many benefits, such as:


  • Saving money: By comparing policies, you can find the best coverage for your pet at an affordable price. This can help you save money on veterinary bills in the long run.
  • Finding the right coverage: Different pet insurance policies offer different types of coverage. By comparing policies, you can find the one that provides the best coverage for your pet's specific needs.
  • Peace of mind: Knowing that your pet is covered by a good insurance policy can give you peace of mind. You can rest easy knowing that your pet's medical expenses are covered in case of an accident or illness.
  • Understanding the terms and conditions: Comparing policies can help you understand the terms and conditions of each policy, including what is covered and what is not covered. This can prevent any surprises or misunderstandings when you need to make a claim.
  • Flexibility: With so many pet insurance policies available, comparing them can help you find a policy that offers the flexibility you need. This can include customizable coverage options, different deductibles, and more.


When considering pet insurance, it's important to understand the different types of coverage that are available. Here are the four main types of pet insurance coverage:


  • Accident-only coverage: As the name suggests, this type of coverage only covers your pet in the event of an accident. It typically includes things like broken bones, cuts, and other injuries that occur due to accidents.
  • Illness-only coverage: This type of coverage provides protection for your pet against illnesses such as cancer, diabetes, and other medical conditions. It does not cover accidents, however.
  • Accident and illness coverage: This is the most comprehensive type of pet insurance coverage, providing protection for both accidents and illnesses. It typically includes everything covered under accident-only and illness-only coverage.
  • Wellness coverage: This type of coverage is not as common, but it provides coverage for routine care such as vaccinations, check-ups, and other preventive care measures. It's worth noting that wellness coverage is often sold as an add-on to an accident and illness policy.


It's important to carefully consider the different types of coverage and choose the one that best fits your pet's needs and your budget. Keep in mind that while accident-only coverage may be cheaper, it may not provide the comprehensive protection your pet needs in the event of a serious illness.


When deciding which type of pet insurance coverage is best for your pet, it's important to consider your pet's age, breed, and overall health. Accident-only coverage is a good option for younger, healthier pets who are at a higher risk of injury due to their energy and curiosity. Illness-only coverage is ideal for older pets who are more prone to chronic illnesses and require more frequent vet visits. Accident and illness coverage provides the most comprehensive coverage and is suitable for pets of all ages and breeds. Wellness coverage is an optional add-on that covers routine veterinary care such as vaccinations, annual checkups, and teeth cleaning. When choosing the right type of coverage, it's important to take into account your pet's specific needs and your budget.


Comparison of Pet Insurance Providers

Please find the list of popular pet insurance provider here

Also please find the detailed Pet Insurance comparison over here


When choosing pet insurance, it's important to consider several other factors besides the type of coverage. These factors can have a significant impact on your pet's coverage and your overall satisfaction with the policy.


  • Waiting periods and pre-existing conditions: Many pet insurance policies have waiting periods before coverage begins, ranging from a few days to several weeks. It's important to understand these waiting periods and any exclusions for pre-existing conditions. If your pet has a pre-existing condition, it may not be covered or may require a waiting period before coverage begins.
  • Deductibles and copayments: Like with human insurance policies, pet insurance policies often have deductibles and copayments. The deductible is the amount you pay before the insurance policy begins covering costs, while the copayment is the percentage of the cost you're responsible for paying. It's important to understand these costs and choose a policy with deductibles and copayments that fit your budget.
  • Coverage limits and maximum payouts: Pet insurance policies may have annual or lifetime limits on the amount of coverage provided, as well as maximum payouts per incident. Be sure to understand these limits and choose a policy with adequate coverage for your pet's needs.
  • Renewal terms and cancellation policies: It's important to understand the renewal terms and cancellation policies of a pet insurance policy. Some policies automatically renew, while others require you to renew annually. Some policies may also have cancellation fees or penalties.
  • Discounts and promotions: Some pet insurance companies offer discounts for multiple pets or for purchasing a policy online. It's worth checking to see if any discounts or promotions are available when comparing policies.


Here are some tips for Making Informed Decisions


  • How to read and interpret pet insurance policies: It's important to thoroughly read and understand the terms and conditions of each policy before making a decision. Pay attention to details such as deductibles, coverage limits, exclusions, and waiting periods. Make sure you understand what is covered and what is not.
  • How to avoid common mistakes when choosing pet insurance: Some common mistakes include not understanding the coverage, choosing a policy based solely on price, and not considering the age and health of your pet. To avoid these mistakes, do your research, read reviews, and ask for recommendations from your veterinarian.
  • How to get the best value for your money: Look for policies that offer the coverage your pet needs at a reasonable price. Consider the deductible and co-payment amounts, as well as the coverage limits and maximum payouts. Also, look for policies that offer discounts for multiple pets or for enrolling online.


By following these tips and doing your research, you can make an informed decision when it comes to choosing the right pet insurance policy for your furry friend. Remember, having pet insurance can give you peace of mind and help you avoid unexpected expenses in the event of an accident or illness.


In conclusion, pet insurance comparison is an essential step to ensure that your furry friend is protected from unexpected medical expenses. By understanding the definition, benefits, and types of coverage, pet owners can make informed decisions and choose the best policy for their pet's needs. It is important to consider factors such as waiting periods, deductibles, coverage limits, and renewal terms, as well as reading and interpreting policies carefully to avoid common mistakes. With these tips and knowledge, pet owners can get the best value for their money and have peace of mind knowing that their pet's health is protected.

In summary, pet insurance comparison is necessary to make sure that you are getting the right coverage for your pet. It is crucial to take the time to research and compare policies before making a decision. Our final recommendation is to choose a reputable pet insurance provider and policy that fits your budget and meets your pet's specific needs. Don't wait until it's too late, take action now and protect your furry friend with the best pet insurance policy possible.



Frequently asked questions on Pet Insurance comparison

  • What is pet insurance comparison?

    Pet insurance comparison is the process of evaluating different pet insurance policies and providers to determine which one offers the best coverage and value for your pet's needs.

  • Why is pet insurance comparison important?

    Pet insurance comparison is important because it helps you make an informed decision about which pet insurance policy to choose. It can save you money in the long run by ensuring that you have the right coverage for your pet's specific needs.

  • How do I compare pet insurance policies?

    To compare pet insurance policies, you should consider factors such as coverage, deductibles, copayments, coverage limits, waiting periods, and exclusions. You can use online comparison tools, read policy documents, or consult with an insurance agent to help you make an informed decision.

  • What factors should I consider when comparing pet insurance policies?

    You should consider factors such as coverage, deductibles, copayments, coverage limits, waiting periods, exclusions, and renewal terms when comparing pet insurance policies.

  • How do I choose the best pet insurance policy for my pet?

    To choose the best pet insurance policy for your pet, you should consider your pet's specific needs, your budget, and the coverage and benefits offered by the policy. You can also consult with an insurance agent or use online comparison tools to help you make an informed decision.

  • What types of pet insurance coverage are available?

    The four main types of pet insurance coverage are accident-only coverage, illness-only coverage, accident and illness coverage, and wellness coverage.

  • How do I decide which type of coverage is best for my pet?

    You should consider your pet's age, breed, health history, and lifestyle when deciding which type of coverage is best for your pet. You can also consult with an insurance agent or veterinarian for guidance.

  • What are waiting periods and pre-existing conditions?

    Waiting periods are the amount of time you must wait before your pet's coverage starts. Pre-existing conditions are any medical conditions or symptoms that your pet had before the policy started.

  • What are deductibles and copayments?

    Deductibles are the amount you must pay out of pocket before your pet's insurance coverage kicks in. Copayments are the percentage of the bill you must pay after the deductible is met

  • Are there any discounts or promotions available for pet insurance?

    Yes, many pet insurance providers offer discounts for multiple pets, paying annually instead of monthly, and other factors. You can also look for promotional offers or referral programs to save money on your pet insurance policy.

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