INSURING YOUR HOME

COVID-19: Ways to save on home insurance


In these uncertain times, we’re all looking for ways to save. For many of us, it’s often the fixed costs that inflate our spending. But some of these fixed costs – like home insurance – can be trimmed too.

Boost your home security

Lowering your risk rating can do the same for your premium. Consider installing deadlocks, alarms or security systems. You may enjoy savings on your policy while sleeping a little more peacefully.

Know the discounts

Multi-policy discounts

Here at GIO, we like to reward our customers. If you hold three or more eligible policies with us, you’ll enjoy a 10% discount on your premiums. And because the best things come in pairs, you’ll also get 15% off any combined Home and Contents purchase.

Save 10% online

Score another 10% off your first year of GIO Home and Contents Insurance by purchasing a new policy online. Remember, small discounts can really add up throughout the life of your policy.

Discover GIO Home and Contents Insurance

Seniors Card discount

If you’re a Seniors Card holder,  you’re also eligible for a 6% discount on a GIO Home Insurance policy.

Avoid under-insurance

Under-insurance is a major problem in Australia. To avoid unnecessary out-of-pocket costs in the event of a claim, make sure you’re adequately covered. According to best practice, 90% of your rebuilding costs should be covered by your insurance policy. Yes, this may mean spending more on premiums right now, but you’re less likely to have to pay more if and when you make a claim.

GIO understands that building prices can unexpectedly surge—and we’ve designed our Building Insurance with that in mind. Our Classic, Extras and Platinum cover includes a financial buffer of up to an extra 30% of your sum insured. Read about our Safety Net Home Protection to learn more.

GIO’s Building Insurance also features $20 million of legal liability cover, plus 24 months of temporary accommodation if you can’t live in your home following an insured event. And if you opt for Classic Cover, you’ll get the freedom to tailor your policy. Add additional covers—like accidental damage or portable values—from our list of Optional Covers.

Explore GIO Home and Contents Insurance

Opt for a higher excess

If you have sufficient savings, this one may be for you. Choosing a higher excess will lower your premium. This means you’ll be saving even more money on your policy year to year. Just be prepared to pay the higher excess in the event of a claim.

Read more:


Insurance issued by AAI Limited ABN 48 005 297 807 trading as GIO. Consider the Product Disclosure Statement before buying this insurance. 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.

Got a question?

Ask George, your GIO Virtual Assistant