We review our pricing regularly to ensure it reflects the current cost of providing cover and supporting customers when they make a claim.
Sometimes, your premium could change even if your business circumstances have stayed the same and you haven’t made a claim. Adjustments are based on a number of factors that affect all customers, including the number and cost of claims we receive, the cost of repairs and replacement parts, and changes to reinsurance and business expenses.
We know your premium is an important part of choosing who you insure with, and we want to make sure your Small Business Insurance policy continues to suit both your cover and your budget. Here are a few things to keep in mind when reviewing your policy that could help bring your premium down:
- Review your cover type – Our Small Business Insurance is designed to be flexible. That's why you're able to increase or decrease the amount that you're insured for, add new policy modules, or cancel old ones as needed. It’s helpful to review your cover at least annually to make sure it’s right for your business’s needs.
- Consider how you pay – You can choose to pay your premium annually or spread the cost with fortnightly or monthly direct debit payments. Paying annually works out slightly cheaper overall.
- Explore an AA Membership – AA Member Discounts are available to AA Insurance customers who tell us about their eligible AA Membership when taking out a new eligible policy or renewing an existing eligible policy. This applies to Small Business Insurance policies, too.
You can learn more about what influences insurance premiums here.
If you’d like help reviewing your policy or have questions, please call our Small Business Insurance team on 0800 500 231 between 8am to 4pm, Monday to Friday.