Concerned about the cost of your insurance?

Here are some ways to save on your premium

Consider how you pay – you can choose to pay your premium annually or if it’s more convenient, you can spread the cost and pay by fortnightly or monthly direct debit. You’ll pay less if you pay one annual lump sum.

Review your excess – depending on what you think is manageable for your budget, you may like to consider a higher excess. There are different excess options available, should you need to make a claim, and generally the larger the excess, the smaller the premium. Remember, you’ll need to pay this amount if you make a claim so it should still be affordable, should the worst happen.

Review your benefits – and remove those you don’t need anymore. You’ll find your optional benefits listed on your policy schedule or on the Policy Summary page in your My AA Insurance account. For example;

  • If you could use another vehicle while yours is being repaired, you may wish to remove the rental car option from your comprehensive car policy. Removing this benefit saves $50 per year.
  • You may decide you no longer want or need the excess-free window glass option for your home policy. Removing this benefit saves $69 per year.

Check your home sum insured – use our online calculator to make sure you have the right level of cover to rebuild your property should you need to. If you have insured more than it would cost to rebuild, you may be paying more than necessary. If you have insured for less than it would cost to rebuild, you may not have enough cover if the worst happened and you needed to rebuild.

Check your contents sum insured – use our online calculator to make sure you have the right level of cover to replace your contents should you need to. If you have downsized since setting up your policy, you may be paying more than necessary. It’s also important your sum insured is updated when you accumulate more items, so you’re not caught short in the event you need to claim.

Ensure your property is secure – For your contents, a security alarm (audible or monitored) will help you save on your premium.