Can you negotiate home insurance?

Can you negotiate home insurance in Australia, yes you can negotiate premium, excess and cover with insurer, especially at renewal, with potential savings 10% to 20%. To negotiate, get competing quotes from Budget Direct, Youi, Bingle, Virgin Money and NRMA via Compare the Market and Finder, as prices vary 20% to 40% for same cover, with average combined building $500K and contents $80K ranging $1,200 to $2,800, then call current insurer and ask to match cheaper quote, mentioning loyalty 5+ years, no claims 3+ years and security like alarm and deadlocks giving discount. You can negotiate excess, increasing from $500 to $1,000 can reduce premium 10% to 15%, or decreasing if you prefer lower out of pocket. You can negotiate sum insured to accurate rebuild cost not overinsured, using Cordell calculator, and remove optional extras like accidental damage if not needed saving $100. You can ask for loyalty discount 5% to 10%, multi-policy discount 10% if you have car insurance with same insurer, and online discount 15%. For example, if renewal is $2,200 and you have quote $1,600 from Budget Direct, call NRMA and say I have cheaper quote $1,600, can you match or reduce, often they offer $200 discount to retain. So yes, you can negotiate home insurance by getting competing quotes, asking for match, increasing excess, bundling and loyalty, with savings $150 to $400 per year.