More Australians are struggling to afford their pets, does pet insurance really make a difference?
The cost of living crisis is spreading into pet ownership as more households surrender their pets to shelters due to unexpected veterinary costs.
Figures from the RSCPA have revealed that more than 81,000 animals during the 2023-2024 financial year alone entered into the care of the RSPCA.
Additional data from the Companion Animal Network Australia (CANA) has also found an 11.6% jump in pet surrender.
“People simply can’t afford to keep their pets,” said RSPCA animal attendant, Stephanie Bannon. “Vet care, food, toys – all of it is getting more expensive."
“Our surrender waitlist is now over a year long.”
While it’s difficult to pinpoint the exact reason people are surrendering their pets, unexpected veterinary bills may be a core factor.
Surgery prices for pets can range well into the thousands, with some clinics charging $1,350 - $1,700 for day procedures alone.
Without sufficient savings in place, more Australians are finding themselves having to choose between plunging themselves into debt or giving up their four-legged friends.
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How pet owners can stay prepared against sudden veterinary expenses
While you won’t be able to take out a pet insurance policy if your pet needs immediate surgery due to an illness, immediate cover does exist for accidents, like bone fractures or wounds.
But staying one step ahead can put you in a better financial position down the track.
If you’re planning on adopting or bringing home a new puppy, taking out cover in advance can be a lifesaver during emergencies.
Pet insurance policies typically come with waiting periods before you can submit a claim. Depending on the treatment, they can range between 14 days to 6 months.
By taking out cover as early as possible, you can rest assured your pet will receive the care they need without making yourself financially vulnerable.
You can compare cheap pet insurance using our comparison tool to ensure you find the right policy for your budget.
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