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Up to 40,000 Qantas Frequent Flyer Points after 60 Days for New Car Insurance Policies @ Qantas Car Insurance

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Qantas Car Insurance up to 40,000 Points for Policies over $1550

$0 - $500 = 4k points
$500 - $850 = 1k points
$850 - $1250 = 20k points
$1250 - $1550 = 30k points
$1550+ = 40k points

I just purchased a policy $2000 annually vs existing policy $1600 with bingle.
It should cost me $67 in extra premium over the 60 days, plus $40 to cancel my existing insurance, $40 to cancel this insurance.

Bring my net cost to $147 for 40,000 points, with the bonus of having a cheaper price when I go back to bingle (quote today is $60 cheaper than current policy)

YMMV of course so make sure this deal works in your favour

Qantas Insurance Referrals

Health Insurance: random (57)

5000 points for referrer and referee on select products. Details

Qantas Wellbeing App: random (472)

150 Points for the referrer (up to 20 times) and referee for signing up to the app.

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closed Comments

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  • +3

    Why are they charging you $40 to cancel.
    I can tell you straight up it's an illegal charge and the reason they keep doing it is that nobody complains to insurance ombudsman.
    There is no such thing as a contract with Insurance. You are free to leave or change provider as you wish

    • Insurance is written on the basis of a contract.

      • +1

        As in yearly comittment

        • So if i leave before, can i refuse to pay them $40? I am with budget direct they have the same condition

    • Its Qantas, what else is there to say?

    • Insurance is definitely a written contract, however it doesn’t say anywhere on Bingle or Qantas website for a cancellation fee of $400, therefore your information is incorrect.

      OP, how did you come up with $40 fees to cancel each insurance?

  • Well call me surprised.

    Just did a quote and it's $9 higher than my current insurer. n=1 however this looks like a deal.

  • How much are, the points worth?

    • as a rough estimate 1000 points is $10 if you use woolies as a baseline, but can be worth more than that if you redeem via classic rewards flights, the exact amount depends on what specific flights you book

    • Approx 1.2 - 1.6c each on classifieds, I personally value 40k points at $400

      • Not if you have a bulk lot of 500k points 🤣🤣 and another 500k velocity. You would be looking looking at minimum 1.6c pp

  • Wow for me they suck, RAC have my car's agreed value at $32,000 vs Qantas will only do $24,000 and is over $400 more per year!

    • +1

      Yeah I check our policies every year to make sure we’re not getting the loyalty tax applied and RAC is constantly cheaper with a better value

      • I think I spoke to soon, My new repayments are $113 up from $76 per month including my silver RAC discount 🙄 Qantas is now cheaper…

  • If I include extras etc to jack up the premium for max points… would that work?

    • Pretty sure it would. It's the total premium amount that matters

    • Yup. I went from annual payment to monthly, and it jacked the points up as well.

  • came up $700 more than the AAMI insurance I got two days ago

  • (($1550 min annual premium / 365 days) x 60 days coverage) +40 cancel fee
    = $295 rounded up for 40k pts

    Did I math this right?

    • +1

      Yes, but the correct way to calculate it would be compare it to your existing car insurance

      • What existing car insurance

        • The one you're changing from, to Qantas.

          Or are you saying you just bought a car so this is the start of your insurance journey ? If that's the case, get quotes from everyone - the cost varies massively.

  • $1020 dearer annually for slightly worse cover. Nrma still wins

  • I'm with qantas on both cars as they were cheaper and have a good PDS.

  • Is it better to sign up on a monthly policy and cancel after 2 months?

    • Up to you, just remember that paying monthly costs more. In my case it was around $40-60 more for just the 2 months

      So I would rather pay upfront then get refund

      • Points awarded after 60 days.

        So I would signup to a month of 30 days followed by 31 days, pay with a prepaid card and then challenge them via ombudsman if they want to charge a cancellation fee

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