Pet Insurance Claims & Statistics

Pet Population Statistics

More than 63% of the Australian population owns a pet with 53% owning a dog or a cat.  A breakdown of Australia Pet population is shown below.

  • 3.7 million dogs
  • 2.2 million cats
  • 7.8 million birds
  • 20.5 million fish
  • 2.9 million other (horse, rabbits, guinea pigs, chickens etc)

(source: TNS, ABS, and BIS Sharpnel estimates 2007)

Economics of Pets

Pet Insurance Claims and StatisticsPet care is a large and growing industry in Australia it contributes over $4.7 billion to the economy and employs over 44,000 people.  Of the $4.7 billion expenditure 58% is dogs, 28% cats and 14% other pets.  The annual spend on Veterinary services is estimated to be over $1.1 billion pa.

(source: TNS, ABS, and BIS Sharpnel estimates 2007)

What are the chances my pet will need vet treatment?

Statistics show that one in every 3 pets will require emergency treatment each year. Just like other forms of insurance pet insurance helps cover the cost of the unexpected.

View our Pet Insurance Comparison Table to compare pet insurance policies.

How much are vet costs and pet insurance claims?

As we know vet bills can be expensive.  An overview of common vet insurance claims sorted by average claim size is below.  The claim amounts include the cost of medicines, vet fees and other associated expenses.

 

Condition Average Claim Highest Claim
Dermatitis $230 $4,655
Ear infection $234 $8,780
Arthritis $379 $5,090
Gastroenteritis $573 $9,071
Cancer $1,354 $25,700
Pneumonia $1,588 $7,275
Snake bite $1,619 $9,071
Diabetes $1,626 $16,865
Cataracts $2,178 $12,172
Multiple fractures $2,564 $11,376

(Source: The Hollard Insurance Company during 1 July 2010 to 30 June 2011)

Whilst the average claim can fall between $200 to $2,600 dollars, sometimes it can blow out to over $25,000.  For the small cost of Pet Insurance you can protect your finances and the health of your pet from the worst case scenario.