Shopping around can save over $1000 on home insurance.

Shopping around for home insurance can lead to significant savings, as nine out of 10 policyholders have experienced an increase in premiums. It is recommended to obtain quotes from at least three insurers, including an online quote from the current insurer. By analyzing quotes, it was found that there are large differences in prices between the cheapest and most expensive policies in each state, with potential savings of up to $4665 in NSW. A sample of 2000 online quotes collected in July 2023 was used for this analysis. For more information and price ratings on over 50 home insurance policies, visit choice.com.au/homeinsurance. [Extracted from the article]