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Written by Mozo’s team of insurance experts, our series of guides cover key insurance must-knows and topics across insurance so that you can compare policy options with confidence.

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Considering buying a dog, cat or pony for Christmas? Paws a moment. Yes, we know the idea of a new fur baby may be hard to resist, but you need to be ready for the commitment you are making. And that’s not only in terms of time and love, but financially as well. In fact, a recent Mozo mystery shop of some of Australia’s most popular pets indicated that on average prices for fuzzy friends increased by 78% over three years. Meanwhile, the cost and set up of a pet (including expenses like bedding, vaccination and food) increased by 59% on average from 2017 to 2020. With a crowd-favourite breed, the Cavoodle, bumping up by a whopping 344%. Ultimately, this means some pets could end up costing you thousands of dollars, and that’s just in the first year of ownership.

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