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Home insurance deals and discounts for January 2021

Spend less on essential cover by taking advantage of home and contents insurance deals

Andrew Munro
Andrew Munro

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Home insurance is a significant investment, but you can save considerably by looking for discounts before settling on a policy. Use these savings to purchase a higher level of cover and enjoy additional protection, or end up with more money in your pocket.

Compare home insurance special offers for January 2021

Budget Direct Home Insurance DealsBudget Direct Home Insurance Deals

30% online discount on new home & contents insurance

Receive 30% off your first year's premium when you purchase a new combined Home & Contents Insurance policy online. T&Cs apply.

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Virgin Home Insurance DealsVirgin Home Insurance Deals

$100 e-Gift card + up to 30% off new policies

Get a $100 e-Gift card when you purchase online and you'll also save up to 30% on your first year’s premium. T&Cs Apply.

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Domain Insure Home Insurance DealsDomain Insure Home Insurance Deals

12% online discount on new home & contents insurance

Receive 12% off your first year's premium when you purchase a new combined Home & Contents Insurance policy online. T&Cs apply.

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Coles Home Insurance DealsColes Home Insurance Deals

25% online discount on new home & contents insurance

Receive 25% off combined home and contents insurance when you purchase cover online.

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Westpac Home Insurance DealWestpac Home Insurance Deal

Get up to 25% off when you sign up for a new home and contents policy

Save up to 25% when you combine Home and Contents Insurance online.

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What other types of discounts can I get on home insurance?

Before choosing an insurer, check which of the following discounts you may be eligible for:

  • Multi-policy discounts. By holding multiple insurance policies with an insurer, you can often get additional discounts on secondary policies, including combined or separate home and contents cover.
  • Cheaper policies online. You can get a discount of up to 25% just for buying home insurance online.
  • Membership and loyalty discounts and bonuses. Whether it’s free rewards for members, increased discounts at each policy renewal or straightforward reduced prices after a certain amount of time, you can save more money by sticking with the right insurer.
  • Security system discounts. If your home is well secured, you don’t need to pay as much for cover.
  • No-claims discounts. As with other types of insurance, you can receive a discount if you haven’t made a claim for a certain amount of time.
  • Seniors’ discounts. Over 55s and pensioners can sometimes get a seniors’ discount.

How else can I save on cover?

Almost everyone can access home insurance discounts and there are many ways to save through careful policy management.

  • Opt for a higher excess. Many insurers will let you choose lower premiums for a higher excess or vice versa.
  • Avoid unnecessary claims. Maintain your no-claims bonus by avoiding small, non-essential claims. If you intend on doing this, you may want to opt for lower premiums and a higher excess.
  • Consider your payment schedule. Consider what kind of payment schedule works for your budget. Paying your premiums annually is often cheaper than paying monthly. If you can’t pay your premium all at once, it’s worth looking for an insurer that offers monthly, fortnightly or other payment schedules at no extra cost.
  • Good maintenance and weatherproofing. Many home insurance claims are the result of poor maintenance or not having an appropriately weatherproofed home. Reduce your chances of needing to make a claim and keep total costs down by making sure your home has suitable weatherproofing for your area and by fixing small problems before they become big ones.
  • Choose the right sum insured. Your total sum insured is the amount you could claim if you lost everything. If it’s too low then you’re underinsured and if it’s too high then you’re paying too much. Choose the right amount for your needs and consider discounts as a way of either reducing costs or getting additional cover at the same price.

What types of home insurance policies can I get discounted?

The discounts available depend on the insurer and on any limited offers that are present at the time. Based on these factors, you can get deals on the following:

By looking for deals and discounts, you don’t leave yourself unprotected. Almost everyone, no matter what their living situation or insurance needs, can find discounts for their home insurance. If you’re paying full price for your cover, it might be time for a change.

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