Increase Your Excess
Raising your voluntary excess from $500 to $1,000 can reduce premiums by 10-20%. Only do this if you can afford to pay the excess in the event of a claim.
Security Improvements
Installing an approved immobiliser, parking in a garage (not on the street), and adding a tracking device can each reduce premiums by 5-10%.
Multi-Policy Discounts
Bundle car, home, and contents insurance with the same provider for 10-15% discount. Most major insurers (RACWA, Suncorp, Budget Direct) offer multi-policy deals.
No-Claim Bonus Protection
A small additional premium (usually $50-100/year) protects your no-claim bonus rating even if you make a claim. Worthwhile if you have a large no-claim discount built up.
Compare Annually
Never auto-renew without comparing. Use comparison sites (Compare the Market, iSelect) and get direct quotes. Switching insurers annually can save $200-500.