home insurance rise of 20% in 1 year

boneyard

boneyard

Well-Known Member
Silver Stacker
Hope all are well.

Building & contents.

AAMI was $655

Now $807

20 percent !!!!! IN ONE YEAR!!!!!!!!!!!!

Just got a quote from RACT.

They want $727

All comments welcome.......................
 
I wouldn't necessarily attribute the premium hikes to the retailer right away. Likely to do with increasing reserve requirements at the reinsurer layer. In other words, result of government meddling.
 
Mine was $2000 to renew, so I switched to another mob and saved $400 for the same level of cover (as far as I can tell).
 
how about private health insurance?

this seems to be the last one I need to shop around :D

currently pay $310 a month for family top cover with no excess.
 
Lunardragon said:
how about private health insurance?

this seems to be the last one I need to shop around :D

currently pay $310 a month for family top cover with no excess.
Click to expand...

Health insurance. ?......

Mrs Boneyard has insider knowledge.

She is of the belief that.....?????

Fingers crossed.
 
Jislizard said:
Mine was $2000 to renew, so I switched to another mob and saved $400 for the same level of cover (as far as I can tell).
Click to expand...

You live in a mansion?

My main cocern is rebuild due to bushfire.

Decent 4 bdrm home.

AAMI rebuild to same standard. Video footage part of policy backup.

RACT say certain $ amount.
 
boneyard said:
Lunardragon said:
how about private health insurance?

this seems to be the last one I need to shop around :D

currently pay $310 a month for family top cover with no excess.
Click to expand...

Health insurance. ?......

Mrs Boneyard has insider knowledge.

She is of the belief that.....?????

Fingers crossed.
Click to expand...

Care to share?
They charge me arm and leg :|
 
When I bought my car, it was worth $25k, i was <25 with a crash on my record. Premium was $1050.
Now the car is worth $9k and I'm >25 with maximum No-Claim-Bonus. They're demanding a premium of $890 (up from $740 last year).

Switched to another (still reputable) mob - $450. Shop around! And don't waste your time with those online comparisons (iSelect etc...), they're inaccurate and only show a few options. If you want the savings, you've gotta do the legwork yourself.
 
Lunardragon said:
currently pay $310 a month for family top cover with no excess.
Click to expand...
AHM have raised their premiums by >10% each of the last two years, they are now about $280/month for family hospital cover - though excess of $500 per family member per year for hospital.
 
This insurance thing....damn if you do...damn if you dont.
Pretty much...end consumers are the one got to swallow it. Tough..tough !
 
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