Lucky you're with AAMI
Ways to save on Home Insurance
Customers rate our Car Insurance
out of 5
Take control of your policy
Adjusting a few little things on your home insurance policy could help you ensure you’re not paying more than you should be – here’s some things you could change.
Check your sum insured
Consider reviewing your sum insured to see whether it’s right for you. That way, you’re likely not overpaying for what you don’t need, or insured for too little when you do. If you adjust your sum insured your premium will change accordingly.
Update your excess
Did you know you can vary your excess? Choosing a higher AAMI Flexi-Premiums excess reduces your premium. Keep in mind that choosing a higher excess could mean paying more at claim time.
Consider your optional covers
Consider if the optional covers you’ve added to your policy still suit your needs. Removing an optional cover will reduce your premium. If there’s something on there that you no longer need, like coverage for a specified portable valuable item that you don’t own anymore, you might want to update your policy so you’re not paying more than you need to!
Update your payment frequency
If you pay your premium annually, you’ll pay less overall than if you pay monthly! You can change from monthly instalments to an annual payment even if you are mid-term.
Skip the queue and update online
Depending on your policy type, you can check policy info, make payments, lodge claims and more!
Consider Optional Complete Replacement Cover
Complete Replacement Cover is an alternative to setting a specific building sum insured – if you have this optional cover on your policy and your house needs to be repaired or rebuilt after an insured event, we will offer to repair or rebuild your house as it was or pay you the amount of the assessed quote to repair or rebuild it, without you having to set a specific sum insured.
Choosing this option can either increase or decrease your premium, but you won’t need to worry about being underinsured!
How much should I be paying for home insurance?
Home insurance premiums can vary a lot depending on things like where you live and what sort of house you have, plus factors which may not be specific to you. So, there’s no specific figure to aim for. However, getting to know what your policy covers and what you have control over could help you ensure that the premium and coverage you’re paying for is right for you.
Frequently asked questions
Thanks for continuing to choose AAMI for your home insurance needs! We’ve made it super easy to renew online, using your AAMI account. Simply log in, click on ‘My policy list’ and choose the policy you want to renew, and select the ‘Renew now’ button.
Yes! There are a number of convenient options for renewing your home insurance online, including with your Visa, Mastercard, or American Express card, or via BPAY.
At AAMI, we know that sometimes in life not everything goes to plan. If you have missed a monthly instalment, you can easily make a one off payment via your AAMI My Account to catch up.
To make a one off payment, follow the below steps:
- Log into My Account
- Select the relevant policy from your policy list
- On the policy overview, select “View Policy”
- If you’re eligible to make a manual payment, click the “Pay now” button which will appear at the top of the Policy Summary screen. If you’re not able to make a payment the box will not appear.
You will be able check and update your direct debit or card details with us following your successful payment. You can also update your payment details when you log into My account at any time, accessible via the Policy Summary screen.
If a monthly instalment is overdue we will let you know. We can cancel your policy by giving you at least 14 days advance notice, but if a monthly instalment is overdue by a month, we can cancel your policy without advance notice.
I'm sorry you're thinking of cancelling! You can cancel your car (excl. CTP or MAI), home or landlord insurance via the AAMI virtual assistant. It's easy to get started, cancel your policy.
For all other policies, contact us to talk to one of our specialists about cancelling.
Disclaimer
Insurance issued by AAI Limited ABN 48 005 297 807 trading as AAMI. Limits, conditions and exclusions apply. Read the Product Disclosure Statement before buying this insurance. Target Market Determination also available. This advice has been prepared without taking into account your particular objectives, financial situations or needs, so you should consider whether it is appropriate for you before acting on it.