Home insurance is a significant investment, but you can save a tonne of cash by looking for discounts before settling on a policy. You could use these savings to take out a higher level of cover and get additional protection, or end up with more money in your pocket.
Compare home insurance special offers for July 2024
Deal
Receive $250 worth of smart sensors with Honey Home Insurance
Get free smart sensors (valued at $250) to install around your home when you sign up for a combined home and contents policy. T&Cs apply.
Earn up to 30K Qantas Points for joining by 30 September. Plus save 30% on your 1st year’s premium for purchasing a combined home and contents policy online. T&Cs apply.
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 15% just for buying home insurance online.
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 sometimes 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?
Discounts aren't the only way you save on your home insurance. You can:
Opt for a higher excess. Most insurers will lower premiums in exchange for a higher excess.
Avoid unnecessary claims. By avoiding small, non-essential claims, your premiums won't go up.
Pay annually. This 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:
Combined home and contents insurance. It’s usually more cost effective to bundle your home and contents insurance with the same provider. You can then find additional discounts for a combined home and contents insurance policy here.
Landlord insurance. Landlords can save too and enjoy many of the same deals on home and contents insurance policies.
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.
Gary Ross Hunter was an editor at Finder, specialising in insurance. He’s been writing about life, travel, home, car, pet and health insurance for over 6 years and regularly appears as an insurance expert in publications including The Sydney Morning Herald, The Guardian and news.com.au. Gary holds a Kaplan Tier 2 General Advice General Insurance certification which meets the requirements of ASIC Regulatory Guide 146 (RG146). See full bio
Gary Ross's expertise
Gary Ross has written 725 Finder guides across topics including:
Jessica Prasida is a travel insurance expert for Finder. She lives and breathes travel, having worked as a travel agent and branch manager at STA Travel for over 4 years, then writing about travel insurance with Finder for another 5 years. Jess has a Bachelor of Business from the University of Technology, Sydney and a Tier 1 General Insurance qualification. See full bio
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Your best bet is to contact the Housing Authority and ask for assistance. Their contact details are here.
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Hi Amy,
Your best bet is to contact the Housing Authority and ask for assistance. Their contact details are here.