Received this targeted email today.
"to say thank you for being a Coles Insurance customer, we have an exclusive offer for you.
Simply take out another policy - whether it's a Comprehensive Car, Home or Landlord Insurance policy - before 5 August 2019 to collect 10,000 flybuys BONUS POINTS.*
The more policies you take out, the more points you'll collect. For example, if you insure one car with us, you'll collect 10,000 flybuys BONUS POINTS. But if you have three cars in your family and you insure them all with us, you'll collect 30,000 flybuys BONUS POINTS!*
And don't forget, you'll also collect an EXTRA POINT for every dollar you spend at Coles with each policy you have (excluding Third Party policies).+
So bring your insurance to Coles today and be rewarded! "
I already have both comprehensive and home and contents with Coles but after reading the T&C's saw nothing that would seem to prevent me cancelling and reapplying again.
Went ahead with an online quote which showed both policies were cheaper than my current ones. My comprehensive car policy was around $150 cheaper despite only renewing it last month. (I did an online quote last month to see if there was any difference to my renewal).
Called and spoke to a supervisor who also assured me I could cancel and renew to qualify for the 20,000 Flybuys points for two new policies.
As a bonus the refunds from the old policies will be transferred to my bank account rather than the CCard I purchased them with.
Saved close to $200 and (hopefully) picked up the Flybuys bonus pts.
Might be worth checking if anyone else has Coles Insurance and received the offer.