Insurance premiums can change from year to year, based on a range of factors. External factors, like the increasing weather events, fluctuating repair costs, and market forces have an effect.
If you’ve tried to organise a reno recently then you know that materials are scarce, tradies are flat out, and prices are up. This has a knock-on effect that’s visible in renewal premiums.
Don’t let your home insurance be a set-and-forget type thing. When renewal time rolls around, log in to My Account and check your details are up to date. Making updates to your excess, amount covered, optional covers and other details can make a big impact on your price.