17July2026

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PET OWNERS FORGO INSURANCE

OVER 60% of Australian pet owners are forgoing pet insurance due to rising living costs, despite the risk of high vet expenses. Since 2020, pet acquisition costs have increased by 196%, leading owners to cut back on insurance. Budget Direct's survey revealed that nearly a quarter of respondents spent up to $5,000 on vet bills out-of-pocket. Chief Growth Officer Jonathan Kerr emphasized the tough financial decisions faced by pet owners and highlighted pet insurance as a way to manage unexpected medical costs.


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