Multi-Policy Discount
We like to think our insurance policies are already pretty good value — but if you’ve got multiple eligible policies, it can get even better.
How does the Multi-Policy Discount work?
If you have three eligible Suncorp Insurance policies, you could be eligible for a 15% discount off each policy. If you take all three out together, the discount will apply to all from the start date (if the discount is not applied at purchase, we endeavour to process the discount within 90 days from policy start date). If you have two already and take out a third, the discount will apply on that third one from its start date, and on the first two when they’re up for renewal provided you are eligible for the multi-policy discount when we calculate your renewal offer.
FYI, CTP Insurance isn’t eligible for a discount, but will count as an eligible policy, so it can help you get a discount on other policies. This discount does not apply to Suncorp Roadside Assist, Suncorp Insurance Home Assist and Excess-free Glass optional covers. Terms and conditions apply.
Which policies are eligible for a Multi-Policy Discount?
Home
This refers to building-only policies. If you have a combined Home & Contents Insurance policy, that counts as two — so you’d only need one more eligible policy to enjoy your discount! FYI, the discount does not apply to the Suncorp Insurance Home Assist or Excess-Free Glass optional covers.
Contents
This refers to contents-only policies. If you have a combined Home & Contents Insurance policy, that counts as two — so you’d only need one more eligible policy to enjoy your discount!
Landlord
Yep — if, say, you’ve got Home & Contents Insurance for your own home and a Landlord Insurance policy for your investment property, you qualify.
Comprehensive Car
FYI, the MPD does not apply to the Suncorp Roadside Assist optional cover.
Third Party Property Damage Car
Yep, add Third Party Property Damage — including Fire, Theft & Third Party Property Damage policies — to any two other eligible policies and you’ll get 15% off. Simple as that!
Motorcycle
A motorcycle policy is eligible, regardless of whether it’s:
- Comprehensive
- Third Party Property Damage, or
- Fire, Theft and Third Party Property Damage.
Caravan
If you’re headed out on the road and you’ve got a Suncorp Insurance policy for your caravan, trailer or horse float, as well as the car towing it — that’s two eligible policies, right there.
Motorhome
Doesn’t matter whether you choose a Comprehensive or Third Party Property Damage Motorhome policy — both are eligible for the MPD.
Boat
Doesn’t matter whether you choose a Comprehensive or Third Party Property Damage Boat policy — both are eligible for the MPD.
CTP Insurance
Great news! Suncorp CTP Insurance counts as an eligible policy towards the discount. So if you have Car Insurance and CTP, you only need one more eligible policy to qualify.
CTP itself can’t be discounted, but it still counts as an eligible policy, so you can enjoy discounts on other policies.
Switching your CTP to Suncorp Insurance is quick and easy – it takes less than 60 seconds, and you don’t even have to wait for your registration renewal.
How to unlock your Multi-Policy Discount
Existing Suncorp Insurance customers
Already got one or two policies? You’re almost there! Just log in to My Suncorp, and choose ‘Get a new quote’ for policies you’re considering.
New Suncorp Insurance customers
You’ll need three eligible policies – and you can easily get started on your first below!
For Caravan, Motorhome or Boat, call 13 11 55.
Other ways to save on your insurance
Online discount
Receive a discount off the premium when you buy an eligible policy online today.^
Increasing Your Excess
This will mean that, while your monthly or yearly premium may be cheaper, you'll need to pay a higher amount if you make a claim where you're liable to pay an excess. Eligible policies include Comprehensive Car Insurance, Home & Contents Insurance, Landlord, Building and Contents Insurance.
Increase your excess
You can lower your premium by increasing your excess on eligible policies.
If you’re eligible for more than one discount, we apply any subsequent discount to the already discounted premium (generally before adding taxes and charges).
- To qualify for the 15% Multiple Policy Discount (the MPD) you must have 3 or more eligible paid personal insurance policies with Suncorp Insurance. There must be a common mailing address and the person(s) seeking the discount must be nominated as an insured with the exact same name on each eligible policy.
- The eligible policies to qualify for the MPD are Suncorp Home, Contents, Landlord, Car, CTP, Motorcycle, Caravan (including trailer), Motorhome and Boat Insurance.
2.1. Suncorp CTP insurance counts as an eligible policy, but you will not receive the MPD on the premium as it cannot be discounted due to Queensland legislation.
2.2. Comprehensive Car Insurance counts as an eligible policy, but the MPD does not apply to the Suncorp Roadside Assist portion of your premium, if you have selected this optional cover.
2.3 The MPD does not apply to the Suncorp Insurance Home Assist or Excess-free glass portion of your premium, if you have selected these optional covers with Suncorp Home Insurance. - If you take out a new policy and qualify for the MPD, you are eligible for the MPD on that new policy from its start date (if the discount is not applied at purchase, we endeavour to process the discount within 90 days from policy start date). You are eligible to receive the MPD on your other existing eligible policies from their next renewal date, provided you are eligible for the MPD when we calculate your renewal offer.
- If you quote for a new policy via our website, we rely on your answers to our questions to establish eligibility for the MPD.
- Taxes and charges (eg GST and stamp duty) are not discounted. If you receive more than one discount, we apply each further discount to the already discounted premium.
- We reserve the right to vary or discontinue our MPD offer at any time and without notice.
^Online discount applies to Building Insurance, Contents Insurance, combined Home & Contents Insurance, Landlord Insurance, Comprehensive Car Insurance and Third Party Property Damage Car Insurance. The amount of the discount depends on the type of policy you choose.
Home
This refers to building-only policies. If you have a combined Home & Contents Insurance policy, that counts as two — so you’d only need one more eligible policy to enjoy your discount! FYI, the discount does not apply to the Suncorp Insurance Home Assist or Excess-Free Glass optional covers.
Comprehensive Car
FYI, the MPD does not apply to the Suncorp Roadside Assist optional cover.
Landlord
Yep — if, say, you’ve got Home & Contents Insurance for your own home and a Landlord Insurance policy for your investment property, you qualify.
Third Party Property Damage Car
Yep, add Third Party Property Damage — including Fire, Theft & Third Party Property Damage policies — to any two other eligible policies and you’ll get 15% off. Simple as that!
Contents
This refers to contents-only policies. If you have a combined Home & Contents Insurance policy, that counts as two — so you’d only need one more eligible policy to enjoy your discount!
Motorcycle
A motorcycle policy is eligible, regardless of whether it’s:
- Comprehensive
- Third Party Property Damage, or
- Fire, Theft and Third Party Property Damage.
Caravan
If you’re headed out on the road and you’ve got a Suncorp Insurance policy for your caravan, trailer or horse float, as well as the car towing it — that’s two eligible policies, right there.
Motorhome
Doesn’t matter whether you choose a Comprehensive or Third Party Property Damage Motorhome policy — both are eligible for the MPD.
Boat
Doesn’t matter whether you choose a Comprehensive or Third Party Property Damage Boat policy — both are eligible for the MPD.
Increasing Your Excess
This will mean that, while your monthly or yearly premium may be cheaper, you'll need to pay a higher amount if you make a claim where you're liable to pay an excess. Eligible policies include Comprehensive Car Insurance, Home & Contents Insurance, Landlord, Building and Contents Insurance.
