Ultimate guide to pet insurance comparison
Pet insurance comparison
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.
Furbaby Pet Insurance comparison table
This table is only a representation for dogs, and may or may not change for the insurance plan for cats.
Medibank has the highest monthly premium at $102.01, but it includes additional benefits. Knose has the shortest waiting period and offers a high reimbursement rate of up to 90%, making it a favorable choice despite its high monthly premium.
Frequently asked questions
Still have a few things you'd like to clear up about pet insurance? We’re here to help!
What You Need to Know!
The Ultimate Guide to Pet Insurance Comparison
Pet insurance comparison involves evaluating and contrasting different policies and providers to find the best option for your pet's health needs and budget. Factors to consider include coverage options, deductibles, premiums, co-pays, waiting periods, pre-existing conditions, exclusions, and provider reputation. By comparing quotes, coverage options, and reading reviews, you can make an informed decision to protect your pet's health and well-being.
Pet insurance comparison involves evaluating different policies to choose the best one for your pet. It includes comparing coverage, benefits, deductibles, premiums, and terms. It helps find a policy that suits your budget and covers your pet's needs.
Why pet insurance comparison is important
Accidental only
This is the cheapest policy and includes treatment for specific injuries like a broken leg. There is also no maximum age limit, and almost no waiting time from the approval of your membership until you get to use the plan.
Time-limited
It provide coverage for a set period, usually 12 months, and have a maximum payout limit per condition. Once the policy expires or the limit is reached, the condition will no longer be covered. These are usually cheaper than lifetime policies but provide less coverage.
Maximum benefit
It provide coverage up to a set amount for each condition. Once the limit is reached, the condition will no longer be covered. These policies are more expensive than time-limited policies but provide more coverage.
Lifetime
It provides continuous coverage for your pet's entire life, as long as you continue to pay the premiums. They usually have an annual payout limit, but no limit on how many times you can claim for a condition. It’s the most expensive option but with the most coverage.

Important factors when comparing pet insurance policies
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.
Take these steps to ensure you make an informed decision
1
Identify your pet's needs
Pets have varying insurance needs based on their age and health conditions. Older pets may require more coverage, while younger pets may need more coverage for accidents.
2
Compare coverage options
Prioritize plans that cover your pet's specific needs like preventative care, emergencies, and chronic conditions. Carefully read the policy to understand the coverage details.
3
Compare deductibles & premiums
Consider how much you can afford to pay out of pocket for your pet's care and compare different plans' deductibles and premiums.
4
Check for exclusions
Make sure to read the policy's exclusions carefully. Some plans may not cover pre-existing conditions or certain breeds.
5
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.
6
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.