Not true - things like health insurance yes - but anytime there’s a significant increase in risk premiums might go up in other insurances. Its something you should always pay annually.
Even when you pay monthly, for a non-health insurance policy you’re actually paying 12 instalments on an annual policy. Car, home, business, they all run this way. Premiums for new policies go up during the year, but your premiums can only increase when the 12 month policy expires.
we have a recurring appointment set up with our broker every 2 years. It’s a pain in the arse every time but it does save money. I’m always much happier when the current lender matches or at least gets close to the market offer.
Last time around we told ANZ (previous lender) we were considering leaving because we could get 0.3% better elsewhere.
They countered by saying well we can offer you either 0.2% higher rate than we were currently on, or a completely different loan with 0.4% higher rate.
Ambulances are free to all in Qld. That must be why l see so many of them around. I have had to pull over and make way for more ambulances in the last year of so here in Brissy, than in 20 years elsewhere.