Changes to how we calculate household insurance premiums
You may be aware that we’re making changes to how we calculate your home cover premium. Namely, we’re moving toward a pricing model that reflects your individual circumstances. This changes the way we assess your level of risk and calculate the price you pay for insurance.
What goes into your home insurance price
What this means for you
To provide you with this new and specific pricing we’ll need more information from you. Your answers to our additional questions will help us better understand your home. This means we can give you a more accurate premium.
To update your property details head over to your My RACQ account. From there you can navigate to the ‘Insurance’ tab and click ‘Update cyclone & flood details’.
FAQs
Things to note
Insurance Products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQI) and arranged by its agent, RACQ Distribution Services Pty Ltd (RDS) ABN 35 116 361 650, AFSL 567130 and RDS' authorised representatives (including RACQ Operations Pty Ltd ABN 80 009 663 414, AR No. 234978 (RACQO). Conditions, limits and exclusions apply. RDS and RACQO are in the RACQ group of companies. One of the companies in the RACQ group of companies has a minority shareholding in RACQI.
RDS and RACQO have not taken your personal objectives, circumstances or needs into account when preparing advice regarding insurance products and you will need to consider whether the advice is appropriate for you. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website. RDS receives a commission from RACQI for the policies it arranges. RACQO receives fees paid for services it provides to RDS. Further details about remuneration are available on request prior to purchasing.