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Aussies spending $609 on pets as cost of living soars

Aussies love their pets, but they certainly don’t come cheap.

Tamika Seeto
·Finance Reporter
Updated ·2-min read
Women holding dog and smiling. Australian money. Spending money on pets concept.
Aussies are splashing out billions of dollars on vet check-ups for their pets each year. (Source: Getty)

Aussies are forking out $2.9 billion on vet check-ups for their pets each year, according to new research.

Aussie pet owners spent $609 on average per year, the Finder survey of 627 people found, up from $597 last year.

The majority of pet owners (70 per cent) have taken their furry friend to the vet at least once in the past 12 months, half (53 per cent) have taken them once or twice, while one in five (17 per cent) have made three or more visits.

Finder insurance expert Gary Hunter said the cost of owning a pet could add up quickly.

“From food, to vet check-ups and grooming, there are plenty of expenses that come with having a furry friend,” Hunter said.

If you were looking for peace of mind for any unexpected bills or regular vet visits, Hunter said pet insurance could be worth considering.

“It’s important to weigh up the pros and cons and decide whether pet insurance is right for you and your pet,” Hunter said.

Pet insurance for dogs will cost you $1,524 on average, while pet insurance for a cat is much cheaper at $909 per year on average.

Depending on your policy, pet insurance can cover a portion of your vet bills, as well as accidental injuries and illnesses.

Finder found there was a $1,000 difference between the cheapest and most expensive policies, so it could be worth shopping around for savings.

Best pet insurance revealed

Finder compared more than 25 policies, 190 features and got more than 700 quotes as part of its latest Pet Insurance Awards.

Knose Pet insurance won the award for Best Pet Insurance - Value, while Petsy Top Cover and PIA Major Medical Cover were highly commended.

Knose Pet Insurance also won the award for Best Pet Insurance - Comprehensive, while Petsy Top Cover and RSPCA Ultimate Plus Accident and Illness Cover were highly commended.

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