Pet Insurance Statistics 2020 | Finder

Pet insurance statistics 2021

Finder research revealed that a third (36%) of Australians welcomed a new pet into the family over the last 12 months.

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It's no secret that we are an animal-loving nation. In fact, almost two thirds (62%) of Australians are sharing their home with a furry or feathered friend – that's an estimated 12 million pet owners.

It's also apparent that many of us were craving companionship during the pandemic. Finder research revealed that a third (36%) of Australians welcomed a new pet into the family over the last 12 months.

The data shows that 42% of Aussies now have at least one dog and 30% have at least one cat - that's millions of happy owners and even happier animals. Rounding out the top five most popular pets were fish (9%), birds (8%), and rabbits (2%).

When we reached out to Australians about their pets' financial needs, here's what they said.

Do you have a pet?
Dog42%
Cat30%
Fish9%
Bird8%
Rabbit2%
Other2%
No, I don't have a pet and don't plan to32%
No, but I am planning to buy one in the next 12 months6%

Source: Finder January 2021 survey of 1,004 Australians
(Tick all that apply, except for "No" responses)

The average amount spent at the vets per year

State/TerritoryAnnual spend at the vet*
WA$746
NSW$678
QLD$603
SA$558
VIC$530
National Average$626

The average cost of pet insurance for cats and dogs

We crunched the numbers in Australia and checked 560 dog breeds and 96 cat breeds. Here are the average prices of pet insurance for 5-year old dog and cat per month:

Average amount owners are willing to pay at the vets before considering putting it down

AnimalAmount
Dog$4,128
Cat$2,137
Horse$1,501
Bird$352
Reptile$216
Hamster / guinea pig / mouse / rat / rabbit$191
Fish$191

The cost of owning a pet

RSPCA data shows that the cost of a dog over the course of its life can be up to $15,000, whereas the cost of a cat is $12,000.

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