Is Pet Insurance Worth It In 2024?

Are you an owner of one of the 30.4 million pets in Australia? If so, you may be considering pet insurance. What was once an obscure insurance product has been gaining traction, with pet insurance helping to cover medical expenses if your beloved pet gets injured or sick.

Many pet owners are often frightened off by the cost of pet insurance, but as Nicole Rous, veterinarian and director of Mont Albert Vet explains, budgeting for a monthly insurance bill is actually a much smarter financial choice—especially during the rising cost of living. It is estimated that Australians spend $609 on average per year on their pet, up from $597 last year.

To know more: https://www.forbes.com/advisor/au/pet-insurance/is-pet-insurance-worth-it/