How's my premium calculated?

The price of your insurance is based on the likelihood of a claim being made on your policy in the future. There are a number of factors we take into account when determining your premium.

We calculate your premium by combining the:

• Pricing factors (these are different for car and home policies)
• Policy options
• Minimum and maximum premium
• Government charges
• Any discounts you’re eligible for.

To find out more about how we work out your premium, have a look at our Premium, Excess & Discounts Guide on our policy booklets page.