Pet Insurance Benefits: Caring For Furry Friends In Europe – The latest edition of the research series shows the costs and benefits of owning a pet in Australia.

Pets hold a special place in our hearts and are an important part of our lives, and Australian pet owners are willing to do anything for their furry friends, no matter the cost!

Pet Insurance Benefits: Caring For Furry Friends In Europe

Pet Insurance Benefits: Caring For Furry Friends In Europe

The Pet Lovers Report 2022 is the latest in a series of research that reveals the costs and benefits of owning a pet in Australia. The research explores the relationship between pets and their owners and how this affects their lives. It also explores the amount of time and money Australians are willing to spend on their pets.

Pet Insurance For Dogs And Cats

Nothing compares to the joy of coming home and cuddling a loyal furry friend. Almost effortlessly, pets make their owners much happier (62%), positively impact their mental (96%) and physical well-being (88%), as well as their mood and stress levels (55%). This was especially true during the COVID-19 lockdown, with pet owners reporting that their pets helped them avoid loneliness (42%).

With a third of pet owners adding a new pet to their household in the past two years (33%), most believe this decision was influenced by their experiences during lockdown and dealing with the COVID-19 pandemic (58 %).

Almost half of these furry friends have received more attention during lockdown periods than before (48%), which unfortunately has led to many pets showing separation anxiety now that family members are away from home more often and for longer (45%) . Our pets can be many, sometimes too many to manage, with nearly a quarter of pet owners saying they sometimes consider owning one (23%). In contrast, three out of five (62%) would never second guess this decision.

For most owners, pets are considered family members and their company is preferred by most people (75%). Pets seem to fill the lives of their owners, with a majority saying that having a pet makes them less anxious about finding a partner (64%) and takes some of the pressure off having children (59%).

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Pets also influence their owners’ dating dates, as they feel the influence of their pet on their choice of romantic partner (41%). Most would even consider divorcing a partner who disagrees with their pet (58%). It seems like our furry friends come first!

The love that the owner has for their pet is infinite, which explains why most people are not afraid to jump on their furry friend.

Pet owners are willing to pay more than $100 a month for discretionary items just to pamper their pet (26%), and some even spend more than $500 (12%). The average amount for the most expensive pet gifts, such as toys or games, is $227.

Pet Insurance Benefits: Caring For Furry Friends In Europe

When it comes to food, four-legged companions seem to get the best treatment, with the majority of owners buying premium brand pet food (74%).

Pet Ownership Statistics: 70 Fur Facts

Pet owners want to make their pet’s birthday special, spending an average of $193 on birthday parties, with cats enjoying more lavish celebrations than their canine counterparts ($247 vs. $165).

Although there are countless benefits to owning a pet, many pet owners report that there are some unavoidable costs and time required to care for a pet, which makes owning one not always easy. Many pet owners, for example, believe that the cost of pet care has increased in the past two years (58%).

However, the survey shows that pet owners are willing to sacrifice personal expenses, such as taking out and eating out, to care for their pets (56%), even cutting out clothes, shoes and clothing. buy expensive things for their pets and finance their health needs (53%).

Monthly expenses for a pet can be high for some, with 1 in 3 pet owners spending more than 10% of their total monthly income on their pets (32%) and spending over $300 each month on their pet (23%).

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Food and drug costs can also increase, with many spending more than $500 a year on pet medical expenses (37%). However, money is not an issue for most pet lovers, as more than half (65%) are willing to spend $1,000 or more to take care of a pet-related emergency.

Pet insurance is becoming increasingly popular, with over a quarter of pet owners (29%) owning pet insurance and almost a fifth considering taking it out (17%).

While pet insurance can be expensive, many pet owners are covered to give them peace of mind in case something happens (36%). Even pet owners with insurance report saving money on expensive treatments (32%), and the average damage is $1,536 (41%).


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