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General Insurance Companies
Choice Magazine recently found price differences
of up to $350 per year for home defined events, $380 for home accidental damage,
$300 for contents-defined events, and $410 for contents accidental damage
policies. So it seems that it certainly pays off to shop around for your
General Insurance (aka Home Building and Contents Insurance)
Insurers Examined Included:
AAMI
ALLIANZ
ANSVAR INSURANCE
APIA
AUSTRALIAN UNITY
CGU
COMMINSURE
GIO
HBA
HBF
MUTUAL COMMUNITY
NRMA
QBE
RAA
RACT
RACV
REAL INSURANCE
SGIC
SGIO
SUNCOPR METWAY
TIO
The What to buy list is based on policy scores. CHOICE’s recommended policies
have a policy features score of 70% or more for combined home and contents
cover, 75% or more for home cover only and 80% or more for contents cover only.
While all these policies provide comparatively good cover, they may not be the
cheapest.
Policies recommended in all three categories are GIO, GIO Platinum, RACT,
SUNCORP METWAY and SUNCORP METWAY Platinum.
The defined events versions of these policies (where available) are likely to be
cheaper than the accidental damage versions.
Combined Home & Contents:
1. GIO PLATINUM
2. SUNCORP METWAY PLATINUM
3. RACT
4. GIO
5. SUNCORP METWAY
6. TIO ACCIDENTAL DAMAGE
7. ANSVAR INSURANCE MAXICOVER
8. AUSTRALIAN UNITY ELITE CARE
9. ANSVAR INSURANCE HOME COVER
10.AUSTRALIAN UNITY EXRA CARE
11.CGU ACCIDENTAL DAMAGE
12.RAA
13.TIO LISTED EVENTS
Home Insurance only:
1. GIO PLATINUM
2. SUNCORP METWAY PLATINUM
3. COMMINSURE
4. GIO
5. RACT
6. SUNCORP METWAY
7. AAMI
8. TIO LISTED EVENTS
Contents Insurance Only:
1. AUSTRALIAN UNITY ELITE CARE
2. AUSTRALIAN UNITY EXRA CARE
3. GIO PLATINUM
4. ANSVAR INSURANCE MAXICOVER
5. SUNCORP METWAY PLATINUM
6. ANSVAR INSURANCE HOME COVER
7. RACT
8. GIO
9. CGU
10.SUNCORP METWAY
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