How can you compare pet insurance policies?
At first glance, it might seem like most pet insurance policies are pretty similar. Here's how 2 insurers' comprehensive policies stack up against one another.
Insurer A | Insurer B | |
---|---|---|
Premium | $118.65 | $121.04 |
Annual Benefit Limit | $12,000 | $20,000 |
Reimbursement rate | 80% | 85% |
Illnesses | Yes | Yes |
Accidental Injury | Yes | Yes |
Cancer treatment | Yes | Yes |
Excess | $0 | $0 |
Choice of excess | $0, $100 or $200 | $0 or $50 only |
This insurance policy comparison was made for Teddy the male French bulldog. He is 4.5 years old, desexed, and lives in Campbelltown NSW.
As you can see, these policies cost around the same and cover Teddy for similar services. However, there are some key differences worth noting, such as:
- Annual Benefit Limit: The maximum benefit limit between policies can vary from around $11,000 to $20,000. A lower limit generally means cheaper premiums but you risk reaching your annual limit and being out of pocket if your pet is seriously ill or injured or becomes ill.
- Choice of excess: This is how much you pay out of pocket if you needed to make a claim. Some policies allow you to choose your excess amount (the higher your excess, the less you pay each month). In the example above,
- Reimbursement rate: While the difference between an 80% and an 85% reimbursement rate doesn't seem like a lot, imagine if you were faced with a $5,000 vet bill. You'd be out of pocket $1000 with Insurer A (80% reimbursement) or just $750 with Insurer B (85% reimbursement).
More guides on Finder
-
General Competition Terms and Conditions
These General Terms and Conditions ("General Terms") apply to the game of chance identified as the "Competition" in the schedule of particulars for the Competition that explicitly references the General Terms ("Competition Schedule").
-
Leave a Product Review review terms and conditions
Finder is giving away a $200 Mastercard gift card to one Finder member who writes a review on Product Review.
-
Finder’s Financial Fitness Challenge Terms & Conditions
Finder's New Year Financial Fitness Challenge Terms & Conditions
-
Finder’s Editorial Review Board
Our editorial review board and expert contributors are a key part of Finder's content. Here are the opportunities for experts who work with us.
-
Leave a Review Terms and Conditions
Finder is giving away a $200 Mastercard gift card to one Finder member who writes a review on reviews.io during the month of November.
-
Score with your Credit Score Terms and Conditions
Finder is giving away a $250.00 Mastercard Gift Card on the first Monday of each month to one lucky member who checked their credit score in the prior month.
-
Finder Fridays Terms and Conditions
Finder is giving away a $100.00 Mastercard Gift Card every Friday to one lucky member who enters the Finder Fridays draw.
-
Finder member benefits
As a Finder member, you get free access to your credit score and report, exclusive deals, newsletters and money tips.
-
2. Finder App Terms
The Finder App is designed and owned by Finder Ventures Pty Ltd (“Finder Ventures”). The Finder App is operated by Hive Empire Pty Ltd (trading as finder.com.au) (“Finder”).
-
Give your vintage car the love it deserves
Guide to getting car insurance for your vintage vehicle including what to look for in a policy and what won't be covered.
Ask a question