There’s heaps of ways you can save on home insurance. Just ask Youi.
Savings and Youi go together like good cheese and fine wine. And as it happens, you might be able to afford a lot more of both if you switch your home insurance to Youi. Don’t just take our word for it, Youi customers told us they saved an average of $202 per year when they switched to Youi. That’s $2.7 million of savings in one year alone*. How? In this handy little article, we’re shining a light on some of the seemingly endless ways our clients could save on their insurance with us. So jump in, you might save lots.
Single-level homes
It might sound strange, but if your current home is vertically challenged – i.e. classed as a single level home – you might just be able to cash in. Some clients who told us they live in a single-level home told were able to cut their bills substantially. Why not give us a call and see for yourself if you can save?
Brick houses
Brick homes don’t just feel more secure, the wizz kids at Youi have crunched the numbers and found out that in fact, they really are safer and more secure; requiring on average less liability and less pay outs than their timber counterparts. And not only are they better at protecting you and your family from the harsh Australian elements, but they’re also structurally sounder and longer lasting. In layman’s terms, this means that brick homes are cheaper for us to insure, and being the insurer that we are, we obviously pass on the savings to you. So if you’re hunkered down in a brick home, why not try switching to Youi? It could mean savings for you.
Tiled roof
Another one of those weird reasons we were telling you about. But when you think about it, it actually makes a lot of sense. Roofs have a big job to do, acting as the first layer of protection between your home and the wild winds, heavy hail and other hazards that Australia throws at it. That’s why, when it comes to hail or high-wind claims, there’s often a pay out that relates to your roof. More than that, the roof also serves as a gateway to greater damage once it’s been breached. With that in mind, we’ve found that tiled roofs tend to be the safer bet when it comes to insuring your home. Priced accordingly, that means you could nicely save on your home insurance bill when switching to Youi. Raise the roof.
Five years or younger
Thinking about buying new – or at least – new-ish? Good call. Homes less than five years old could save you on your home insurance if you switch to Youi. Don’t get us wrong, we love the older homes of Australia – from the Queenslanders to the colonials – but better building regulations, improved structural designs and, well, less ageing, has made younger homes more affordable to insure. Our research has shown that homes less than five years old are less likely to suffer damage, and when they do, they tend to be easier to repair. That’s because modern materials and design specifications are better suited to today’s repair methods, whereas repairing older workmanship and materials can turn out to be a bit trickier. Of course, we aren’t saying you should only buy new, but it’s a worthy consideration to have when choosing homes, and also when choosing insurers. Wink wink.
No pool
Neighbours over the fence going on and on about their in-ground pool? Not a worry, take solace in knowing that if you’re with Youi, you could be paying less on your home insurance costs without one. The reason that having a pool might raise the price of your premium is primarily because they simply raise your home’s replacement value cost, but also, they pose the risk of a more expensive repair if affected by weather events. More than that, pools are classed as an “attractive nuisance”, meaning they can be a lot of fun for kids and adults, but can also bring with them a lot of rules and regulations. So next time someone brags about their pool, you’ll have something to brag about yourself. That is, if you’re insured with Youi.
Listening spells savings
Of course, it doesn’t just take an international health crisis or a tiled roof to save money on insurance with Youi. We’ve made it our mission to do what the others don’t do – listen, not make assumptions, and really get to know you and your home. Because by knowing more about you, and building the right relationship, we can find ways that can really help you save. So, talk to us today, and you might find a reason to break out that good cheese and fine wine we mentioned. Cheers.
To find out more about how we can help you save on your home insurance, view our home insurance options.
* Figures are based on feedback received by 43,540 new Youi policy-holders residing in Australia who responded to an opt-in survey between the months of January and November 2019. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers’ former product and its own.
