Each year we compile publicly available information on the Australian pet insurance market. For 2026: per the Canstar 2026 awards report, Budget Direct has received the Outstanding Value award for the second year running; per petreviews.com.au September 2026 user satisfaction rankings, Knose ranks first overall.

2026 market overview

Per Canstar March 2026 public data, the average annual premium for a medium dog is approximately $1,374 (~$115/month), and for a cat about $807 (~$67/month). But that is the average — different plans can cost more than double.

Key trend: Per Canstar 2026 assessment, premiums for dogs aged 7+ are roughly double those of puppies. The earlier you insure, the lower your long-term cost.

2026 data summary

The following is compiled from public review sources (Canstar, petreviews.com.au, dogthings.com.au). This is not an endorsement by this site:

Knose

Per petreviews.com.au September 2026 rankings, Knose ranks first overall. From $48/month (small breeds), up to 80% reimbursement, $25,000 annual limit. App-based claims supported.

Budget Direct

Per the Canstar 2026 awards report, Budget Direct has received the Outstanding Value award for the second consecutive year. Premiums are among the lower market range, from ~$54/month. Multiple tiers ($12k–$25k annual limits).

Petsy

Per dogthings.com.au September 2026 review, Petsy offers a 90% reimbursement rate, which is relatively uncommon in the market. From $44/month (puppy rate), $30,000 annual limit.

Bow Wow Meow

Per shopback.com.au August 2026 comparison article, Bow Wow Meow is relatively friendly toward brachycephalic breeds (pugs, French Bulldogs etc.), from $52/month.

About the CHOICE "avoid" list

Per CHOICE's June 2026 annual report, certain products were listed as "not recommended." The exact list is as published by CHOICE. This site does not independently verify this list. Readers should consult CHOICE's official website for complete information.

Buying tips

  1. Read the PDS, not just ads — exclusions are usually in the fine print
  2. Check waiting periods — most policies require 14–30 days
  3. Understand pre-existing condition exclusions
  4. Compare annual limits — $10k vs $25k makes a huge difference in surgery
  5. Know premiums rise with age — they can roughly double by age 7

We recommend insuring while your pet is young (6 months–2 years), choosing 75–80% reimbursement with a $15k+ annual limit. All information above is compiled from public sources and does not constitute insurance advice.