If you’re experiencing financial difficulties, it’s even more important to maintain some level of insurance. If something happens, it lessens the financial burden of replacement or repair and protects what you own. The best way to reduce your premiums is to chat to our insurance experts to discuss some of the following ways to save.
Remove optional cover add-ons
Remove any optional add-ons you don’t need. Optional cover can be things like; excess-free glass and bathroom fixtures, AMI Roadside Rescue, or matching carpet cover.
Check your sum insured value is accurate
Your sum insured is the most we’ll pay for a total loss claim if your car, home or contents were destroyed. The amount should represent the cost to replace items or rebuild your home at today’s prices. Some assets decrease in value over time, so check your policy as you may be able to lower your premium by reducing your sum insured amount.
Calculate your home sum insured
Calculate your contents sum insured
Increase your excess amount
Your excess is the amount you contribute towards paying for repairs or replacement when you claim. It might be worth asking about opting for a higher excess to help lower your premium. Conditions apply.
Check your excess
Remove under 25-year-old drivers on personal car policies
If they no longer need to be on your policy, removing drivers aged under 25 can help reduce the cost of your car insurance.
Reduce your cover level on car policies
If you still need to lower your premium after considering the options above, you could look at reducing your cover. You may be able to lower your level of cover, and premium, while staying insured.
Call us to discuss any changes you’d like to make to your insurance.
We understand that people need different levels of support throughout their lives. If you’re experiencing financial hardship, family harm, health issues, bereavement, or other challenges, we can help.
