Any time you renew your insurance, your premium is likely to change, even if your personal circumstances have not changed.

This is because there are many factors that affect your premium, such as:

  • The cost of claims we have paid to other customers and claims we expect to pay in the future;
  • Changes in government taxes and any state or territory duty or levies;
  • New and updated data we use to calculate your rated premium;
  • Our expenses of doing business; and
  • Other commercial factors.