📌 Key Takeaway: Bundling, security features, a clean claims history and paying annually can all lower your premium — but re-shop at renewal, since new-customer discounts rarely carry over.
Legitimate Ways to Lower Your Premium
Home insurance discounts add up faster than most people expect, and several cost nothing to claim.
- Bundle discounts — combining home and contents (or adding car insurance) with the same insurer typically earns a multi-policy discount
- Security discounts — monitored alarms, deadlocks and security screens can lower your premium meaningfully in some postcodes
- No-claims history — a clean claims record over several years is one of the largest single discount factors insurers apply
- Pay-annually discount — paying the full year upfront instead of monthly instalments avoids the instalment loading most insurers apply
- New-customer online discount — many insurers offer 10–20% off for buying a new policy online rather than by phone
- Higher voluntary excess — raising your excess by a few hundred dollars can meaningfully cut your premium if you can comfortably cover it
Discounts to Be Careful With
A steep new-customer discount often disappears at renewal, sometimes replaced by a standard increase well above inflation. It's worth re-shopping your policy at renewal time rather than assuming loyalty is rewarded — Canstar's research consistently finds switchers save more than people who auto-renew year after year.
This page is for educational purposes and isn't personalised financial advice. Premiums, terms and eligibility vary by insurer, state and individual circumstances — always check the Product Disclosure Statement (PDS) before buying.