Buying a dog in 2022? Read this first

two girls with their new dog

Are you thinking about buying a dog this year? If you are, it might be best to get your new furry friend sooner than later. Your wallet will thank you for it. 

The cost of pets has gone up again, especially for purebred designer dogs according to a recent mystery price shop by our team. Our research showed that you could find yourself needing to fork up several thousand dollars for your new puppy fund.

While Dachshunds have seen some of the biggest price increases in the last couple of years, the current title holder of the most expensive designer dogs in the paw world is the small and fluffy Cavoodle, with an average cost of $6,900!

Cost of dogs Mozo

If you are thinking about buying a puppy through a breeder it might be time to register your interest early. Mozo found that some breeders’ waitlists are up to 3 years. Remember it pays to shop around with prices and availability varying between pet shops and breeders.

Best ways to fund your pet purchase

Dogs can be expensive, but that doesn’t mean you could never own one. There are several options you can choose to fund your future puppy.

  • Save up money - Consider opening a high interest savings account that rewards you for not making withdrawals in the month. If you deposit a chunk of money into the account every payday you’ll soon have enough to buy a puppy. 
  • Personal Loans - If you don’t want to wait and save then a personal loan might be a good choice. Look for low interest personal loans that give you the ability to make extra repayments so you can pay it off quickly. 
  • Credit cards - If you are thinking about going to a pet shop, look for a card with a low purchase rate or intro rate so you can limit the interest you pay.

In addition to the upfront purchase, owning a dog comes with several ongoing costs like food, toys and vet visits so make sure you factor them into your puppy budget.

Tips for purchasing a dog

  • If you’re planning on buying from a breeder make sure the breeder is legitimate.
  • Try to meet your new puppy before purchasing.
  • Do research on the breed you want so you can prepare for common health conditions or behavioural issues.
  • Research pet insurance costs before bringing your new furry friend home. 
  • If you can’t afford a designer breed, consider rescuing a dog. There are many breeds that need a loving home.

Do I need pet insurance?

Just like humans, animals can fall ill at any moment. But unlike us, pets don’t have Medicare to help cover any potential medical costs. That’s why you should consider getting pet insurance to cover unforeseen accidents or problems - and the earlier the better. 

If you are considering pet insurance, it’s important to  shop around for the right policy. Much like human insurance, pet insurance prices vary based on the coverage you want. But another thing to keep in mind is that the breed of your furry friend also affects the cost of pet insurance. The 2021 Mozo Pet Insurance Report found that Bullmastiffs are one of the most expensive dogs to insure while West Highland Terriers are among the cheapest breeds to insure.

Pet Insurance Australia Pet Insurance Australia Major Medical Cover*
  • Offers annual benefit limit up to $15,145 for accident and injury cover
  • Covers up to 80% of vet bill claims
  • Offers discounts for additional pets you insure

This long standing provider has taken home the Mozo Experts Choice Award^ for Exceptional Value Comprehensive Pet Insurance for its Major Medical Cover alongside a value award for it’s Comprehensive Cover. As its premium policy, a Major Medical plan with Pet Insurance Australia covers up to $15,145 annually for specific accidents, injuries and routine care cover. You may be able to claim up to 80% of eligible vet bills, but it does not cover certain costs like pre-existing conditions your pet had before signing up with Pet Insurance Australia (some conditions are eligible for review after an 18-month period). 

Under the Major Medical Cover, you could get up to $1,200 towards tick paralysis and up to $300 for consultations and visits. Additional benefits include up to $1,200 for emergency pet boarding fees if you are hospitalised for more than one day or due to family violence. Waiting periods may range from zero days to six months depending on the claim type, and there’s also a 21-day cooling off period when you take out a policy. 

Knose Knose Pet Insurance*
  • 2021 Pet Insurance Provider of the Year^
  • Annual benefit limit of $25,000 for accident and injury cover
  • Flexibility to have between 70% and 90% of eligible claims covered
Find out more

Knose Pet Insurance has been crowned the 2021 Mozo Experts Choice Awards Pet Insurance Provider of the Year^. Its single, flexible policy may cover up to $25,000 each year in treatments for eligible accidents and injuries, with the option to have 70%, 80% or 90% of eligible claims covered by the policy. You’ll be able to make your claims online or through your vet, and can include optional extras (for an increased premium) to cover things such as dental illness, behavioural problems and alternative therapies like acupuncture and physiotherapy.

But not all vet costs are covered, some of which include treatments for pre-existing conditions you knew about before you signed your pet up with Knose, preventative care such as desexing, unregistered medication and costs after a pet’s death. There’s no excess to pay when you make a claim with Knose, and waiting periods can range from one day to six months, depending on the claim type. You’ll also get a 30-day cooling off period when you take out a policy with Knose.

If you need help trying to find the best pet insurances available in Australia check the Mozo Experts Choice Awards Pet Insurance winners.

* Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.

^See information about the Mozo Experts Choice Pet Insurance Awards