Insurers count on you not comparing. Premiums typically increase 10-25% at renewal — often with reduced coverage. Most people pay 30% more than necessary and have coverage gaps they don't know about.
Renewal Reminders
Get reminded 60 days before each policy renews — time to compare and switch
Coverage Tracking
Track coverage amounts, excess, and beneficiaries for each policy
Multi-Policy Management
All insurance policies (home, car, health, life, income) in one place
Life Event Triggers
Marriage, baby, renovation, or new car — get prompted to review coverage
Review each policy annually to ensure adequate coverage at the best price.
Check sum insured matches current rebuild cost (use online calculators). Review contents value. Compare 3+ quotes. Consider bundling for discounts.
Review comprehensive vs third party based on car value. Compare quotes — premiums can vary 40%+. Check excess and agreed vs market value.
Review before April rate increase. Check if you're paying for services you don't use (pregnancy, orthodontics). Compare at PrivateHealth.gov.au.
Check coverage amount matches current debts + 10x income. Review beneficiaries. Compare standalone vs super-funded life insurance.
Ensure coverage matches current income. Check waiting period and benefit period. Review if standalone or via super — super policies often have less coverage.
If you own rental property, ensure landlord insurance covers malicious damage, loss of rent, and legal liability. Compare annually.
Review coverage limits, per-condition limits, and excess. Compare before renewal. Consider if self-insuring is better for older pets.
Check if annual multi-trip policy is cheaper than per-trip. Verify coverage for pre-existing conditions and adventure activities.
Everything you need to know about insurance reviews and comparisons
The average household saves $400-800 per year by comparing and switching insurance. Car insurance savings alone can be $200-500/year. Home & contents savings average $150-300/year. Health insurance savings can be $300-600/year.
Start comparing 3-4 weeks before your renewal date. This gives you time to get quotes, choose a new provider, and avoid automatic renewal at a higher rate. Never accept renewal without comparing — premiums typically jump 15-30%.
Most Australians are underinsured by 20-40%. Use your insurer's online rebuild calculator or a quantity surveyor's estimate. Factor in recent construction cost increases (10-20% since 2020). Underinsurance means you'll pay the gap out of pocket.
Super-funded life insurance is convenient and often cheaper, but coverage may be lower and can be affected by super balance changes. Check your super's default coverage — you may need to top up. Compare standalone policies if you have dependents or significant debt.
Life Admin AI's Finance Hub and Life Tasks Hub let you track all insurance policies with their renewal dates, coverage amounts, and beneficiaries. Get reminded 60 days before each renewal so you can compare and switch.