50000 Bonus Points for new eligible Car or Home Insurance

[kamchatsky]

50000 bonus Qantas points for any eligible new car and/or home policy (on top of 1 point per dollar spent). Offer ends 5 December:

Our biggest offer has landed with up to 50,000 Qantas Points for joining​

Min. spend $1,550 per policy to earn 50,000 points.1 Points awarded after 60 days.

https://insurance.qantas.com/car-insurance

https://insurance.qantas.com/home-insurance

If your premium is less than $1550 then you get a percentage of the 50000 points (see table below). But the sweet spot is just over $1550 premium. I've just signed up Landlord Insurance (just over $1550) and their pricing seems to work out well:

How can I earn Qantas Points for purchasing Qantas Home Insurance?​

You could earn Qantas Points with Qantas Home Insurance in three ways:

• Earn up to 50,000 Qantas Points when you join or switch by 5 December.1 Min. spend $1,550 per policy to earn 50,000 points. Not available with cover for homes or contents we've recently insured for you.
• Earn 1 Qantas Point for every $1 spent on your premium.2
• Earn 2,600 Qantas Points in a year with the Qantas Wellbeing App by regularly completing home-related checks and reaching your sleep goals.3

How can I earn Qantas Points for purchasing Qantas Car Insurance?​

You could earn Qantas Points for purchasing Qantas Car Insurance in three ways:

• Earn up to 50,000 Qantas Points when you join or switch by 5 December.1 Min. spend $1,550 per policy to earn 50,000 points. Points will be awarded based on your premium after 60 days. Not available on cars we’ve recently insured for you.
• Earn 1 Qantas Point for every $1 spent on your premium.2
• Earn 2,600 Qantas Points in a year with the Qantas Wellbeing App by regularly completing car safety checks and reaching your sleep goals.3

 

[elanshin]

I guess it's seeing how much extra you'd pay to work out the cost per point in this case if the policies are relatively similar.

 

[Pele]

50000 bonus Qantas points for any eligible new car and/or home policy (on top of 1 point per dollar spent). Offer ends 5 December:

Our biggest offer has landed with up to 50,000 Qantas Points for joining​

Min. spend $1,550 per policy to earn 50,000 points.1 Points awarded after 60 days.

https://insurance.qantas.com/car-insurance

https://insurance.qantas.com/home-insurance

If your premium is less than $1550 then you get a percentage of the 50000 points (see table below). But the sweet spot is just over $1550 premium. I've just signed up Landlord Insurance (just over $1550) and their pricing seems to work out well:

View attachment 352504

How can I earn Qantas Points for purchasing Qantas Home Insurance?​

You could earn Qantas Points with Qantas Home Insurance in three ways:

• Earn up to 50,000 Qantas Points when you join or switch by 5 December.1 Min. spend $1,550 per policy to earn 50,000 points. Not available with cover for homes or contents we've recently insured for you.
• Earn 1 Qantas Point for every $1 spent on your premium.2
• Earn 2,600 Qantas Points in a year with the Qantas Wellbeing App by regularly completing home-related checks and reaching your sleep goals.3

How can I earn Qantas Points for purchasing Qantas Car Insurance?​

You could earn Qantas Points for purchasing Qantas Car Insurance in three ways:

• Earn up to 50,000 Qantas Points when you join or switch by 5 December.1 Min. spend $1,550 per policy to earn 50,000 points. Points will be awarded based on your premium after 60 days. Not available on cars we’ve recently insured for you.
• Earn 1 Qantas Point for every $1 spent on your premium.2
• Earn 2,600 Qantas Points in a year with the Qantas Wellbeing App by regularly completing car safety checks and reaching your sleep goals.3

$1550 for landlord insurance! That is a whopping premium. How much is the insured value?

 

[kamchatsky]

$1550 for landlord insurance! That is a whopping premium. How much is the insured value?

Insured value is $500K. I have also added Flood, Tenant Default and Tenant Malicious Damage cover as well.

It sounds expensive but then the renewal of my existing landlord insurance was $2000+, $1550 sounds cheap to me.

 

[burmans]

I looked at this for car insurance, price was pretty good actually!

 

[NoName]

Is it just a $1,550 annualised premium? Can you pay monthly and still get the points? Cancel after 3 payments?

 

[stopthecap]

very weird they wont insure my home, have jigged it 100 times. 2099 Cromer.

 

[N860CR]

very weird they wont insure my home, have jigged it 100 times. 2099 Cromer.

Same issue. Heritage overlay which can upset some insurers. Not that uncommon in Sydney

 

[kamchatsky]

Is it just a $1,550 annualised premium? Can you pay monthly and still get the points? Cancel after 3 payments?

Not sure. You will probably need to ask them about it. For me, I always prefer annual payment. I don't have to spend time finding another insurance within a few months unless Qantas insurance is much more expensive than the others.

 

[PrezRegan]

Is it just a $1,550 annualised premium? Can you pay monthly and still get the points? Cancel after 3 payments?

Yes. I asked and they confirmed this was the case

 

[The Flying Schwartz]

I'm considering the home and contents insurance before the deal runs out in a couple of days. It is pricey! My quote was almost exactly $1,000 more than a like for like policy with Budget Direct. Both are A&G insurance policies too.

At the price quoted from Qantas, it is better than buying 50,000 points direct from Qantas.

Insurance - $1,000 / 55,000 points = 0.019 cents/point
Buy top up - $1,511 / 55,000 points = 0.027 cents / point

So I suppose for me it comes down to whether I want the hassle of changing policies again in a year's time? or play the game and insure for 3 months? or not bother at all?

Still thinking...

 

[TheInsider]

I'm considering the home and contents insurance before the deal runs out in a couple of days. It is pricey! My quote was almost exactly $1,000 more than a like for like policy with Budget Direct. Both are A&G insurance policies too.

At the price quoted from Qantas, it is better than buying 50,000 points direct from Qantas.

Insurance - $1,000 / 55,000 points = 0.019 cents/point
Buy top up - $1,511 / 55,000 points = 0.027 cents / point

So I suppose for me it comes down to whether I want the hassle of changing policies again in a year's time? or play the game and insure for 3 months? or not bother at all?

Still thinking...

TBF it's not that much of a hassle to change insurance providers. Maybe 5 minutes looking on each insurance companies' website and then paying or cancelling the other policy.

 

[Daver6]

Or just sign-up, get the points then cancel for a pro-rata refund after 60 days

 

[MelbFlyer]

I looked at this for car insurance, price was pretty good actually!

I also looked at Qantas Car insurance last year when I was renewing.

At the time, it was 2x more than what my renewal was from AAMI / quotes from other companies.

I've just done a check now and AAMI / Qantas are pretty much now on par (ie. AAMI has gone up by a LOT).

I think in this case it's worth going with Qantas Car insurance when my policy is up in May. Up to 50k points is great too.

Or just sign-up, get the points then cancel for a pro-rata refund after 60 days

Or, maybe I'll do this.. Hmm.

 

[The Flying Schwartz]

I also looked at Qantas Car insurance last year when I was renewing.

At the time, it was 2x more than what my renewal was from AAMI / quotes from other companies.

I've just done a check now and AAMI / Qantas are pretty much now on par (ie. AAMI has gone up by a LOT).

I think in this case it's worth going with Qantas Car insurance when my policy is up in May. Up to 50k points is great too.



Or, maybe I'll do this.. Hmm.

Yes, I have Qantas car insurance and got the points deal a while back. On that they were pretty competitive so a no brainer. Not so much with the home insurance. If the three month cancellation works anything like the Optus points deal a few of did last year then many had to pay the fourth month before the points landed or end up in an argument with Optus. Three months paying month to month with the home insurance for me would cost $990, so I suppose technically a better deal than buying the top up points but maybe not as good as some of the wine deals I've had in the past (but it all depends on how you value the wine). That recent deal with Yalumba reds at $480-ish for about 25K points is a great example.

 

[Mr H]

Qantas is denying me points for motor insurance because they say I had been covered within the past six months.

Here are the dates:

20 May 2023 - previous Qantas policy expired
21 May 2023 - new policy commenced with Virgin Money
21 Nov 2023 - new Qantas policy started

However, Qantas had renewed my policy in May 2023 without my consent. I did not find out until June 2023 when I returned from travelling overseas. I called them and told them this had been renewed without my consent and I had taken a new policy with another company. They said they would cancel the policy. I asked whether the effective date of the cancellation would be 20 May and they assured me it would. I did not pay any money to Qantas in respect of the period after 20 May 2023.

But, they are adamant that I had an active policy in June so I am not eligible for the sign up bonus.

Thoughts...

 

[MelbFlyer]

Those dates are borderline tbh.

Why did they auto-renew? It must have been a setting you may have forgot to turn off or similar?

Same principle goes for CC's with sign-up bonuses of x amount of points after meeting a minimum spend - even if I knew that I had already served / passed my blackout period of 12-18 months for the same CC to be eligible for a sign-up bonus again, I'd still give a small buffer time before applying.

My car insurance is up in May and currently it is around $850/yr. I've done a few quotes and a new policy would be $1.2k-1.3k+ for the same thing.

Taking this into account, I think I'm willing to wait until closer to May to switch to Qantas car insurance as I'd be pretty much paying more just for the purposes of bonus points if I cancel and sign-up with QCI now.

 

[NoName]

Those dates are borderline tbh.

Why are they borderline? The terms are pretty clear and you are either outside the exclusion period or you are not. Don’t think it makes any difference having any sort of buffer period.

 

[Mr H]

Why did they auto-renew? It must have been a setting you may have forgot to turn off or similar?

It is apparently their standard business practice. There is no setting for the customer to turn on or off. Three weeks before the end of the policy they send you a snail mail letter to tell you they are auto-renewing unless you reply to tell them not to. This is an illegal contract and they know it. I did not respond because I was overseas when the letter arrived.

 

[MelbFlyer]

Why are they borderline? The terms are pretty clear and you are either outside the exclusion period or you are not. Don’t think it makes any difference having any sort of buffer period.

You wouldn't call pretty much exactly 6 months to the date borderline?

I certainly would, irrespective if it's within the exclusion or inclusion period.

With these sorts of things, you have to have your wits about it. If it were me I'd still work with a buffer time of at least a week before I apply for a new product after any imposed blackout period, just to be safe.

It is apparently their standard business practice. There is no setting for the customer to turn on or off. Three weeks before the end of the policy they send you a snail mail letter to tell you they are auto-renewing unless you reply to tell them not to. This is an illegal contract and they know it. I did not respond because I was overseas when the letter arrived.

This is pretty dodgy tbh - there should always be an option for the customer to turn off auto-renew.

However, as the consumer you do also have the responsibility to check if everything is up to date and being overseas unfortunately isn't really an excuse. I know if I was overseas I'd still try to keep as up to date as possible with anything that comes up, whether it be car insurance, home insurance or just simple bills / paying off my CC on time to avoid any interest etc.

As long as one has functional internet access (and a VPN if required), one should be able to do all this.