Home Insurance

TAKE CONTROL OF YOUR POLICY

A few things you can change

Sum insured

Your sum insured is the amount for which your house is covered – that is, the maximum amount we’ll pay out to repair or rebuild your home and/or replace its contents if you make a claim due to an insured event. A lower sum insured will lead to a lower premium, so adjusting that can help you tailor your policy to your budget, but doing this could leave you underinsured. Make sure you carefully consider your needs before making changes.

Your excess

You can choose to lower your premium by increasing your excess within a range we set. This means your premium will be cheaper, but you’ll face higher out-of-pocket costs in the event of a claim. It’s up to you to decide on a balance that suits your needs.

Payment frequency

If you pay your premiums annually, you’ll pay less than if you were to pay in monthly instalments for the same period. 

Your listed valuables

You may have previously listed some valuable items on your policy that you no longer own. You can make sure your policy is only listing accurate items with up-to-date values.  That way you’re not paying a dollar more than you need to.

A few things you can check

Your home’s details

Double-check the property details listed on your policy. That’s for things like the building materials and room sizes, which affect your premium. If there’s something that doesn’t seem completely accurate, or if you’ve made some changes or improvements, fixing that up may alter your premium. This may mean an increase or a decrease, but your policy will be accurate.

Your address

If you’ve recently moved, ensure you reflect this in your policy to make sure you are properly insured. Even if you’re only insuring your contents, it’s important to make sure your policy is accurate since that location’s level of risk will affect your premium. This adjustment may reduce or increase your premium, but you’ll ensure you’re not at risk of having a claim reduced or refused.

How much should I be paying for home insurance?

Home insurance premiums vary based on where you live, your home (size, construction materials, features), and the type and level of coverage you choose. That means there isn’t a specific amount you should expect to pay – it’ll depend on your circumstances. You can ensure your premium is right for you by understanding what your policy covers, and what you can customise. You can find out more by reading the Product Disclosure Statement and Additional Information Guide.

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10% multi-policy discount*^

You'll be eligible for a 10% multi-policy discount if you hold three or more eligible policies with us. These include Home Building, Contents, Landlord, Car, Motorcycle, Caravan or Boat Insurance. A GIO NSW CTP Insurance policy or GIO ACT MAI Insurance policy will count as an eligible policy, but the premium for these policies cannot be discounted. View T&Cs

Multi-Policy Discount

Increase your excess

You’re in control of how much you pay or save when you buy or renew your insurance premium. With a range of excess options to choose from, the more you increase your excess the lower your premium will be.

Save 10% First Year Online Discount*

Get 10% Off Your First Year When You Buy Online!*

Up to 15% Home and Contents combined discount^

Save up to 15% on your policy when you combine your home insurance and your contents insurance into one policy with us.

Seniors card discount^

You are eligible for a discount of up to 6% when you let us know you hold a Seniors Card and you are insuring your permanent residence.

Important Information

*If you’re eligible for more than one discount, we apply them in a pre-set order to the discounted premium, before government taxes and charges.
^Discount not applicable to GIO Roadside Assist, GIO Home Assist, Excess-free Glass or Domestic Workers Compensation optional covers.

Disclaimer

Insurance issued by AAI Limited ABN 48 005 297 807 trading as GIO. Read the Product Disclosure Statement before buying this insurance. The Target Market Determination is also available. This advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it.