5 Ways to Save on Your Insurance

Insurance can be confusing and expensive, but with a few simple tips, you can save money and make sure you're properly covered.

At Pulse Energy, we want to help you get the best value. That's why we've teamed up with Cove to offer exclusive discounts on car and pet insurance for our customers.

Here are five easy ways to save on your insurance in New Zealand with the help of our partnership with Cove.

1. Review Your Insurance Every Year

Your life changes, and so should your insurance. Take a look at your insurance policies every year to make sure they still fit your needs. Adjust your coverage levels to avoid paying for things you don’t need or being underinsured.

Ask yourself:

• Is it time I considered life or health insurance?

• Has my car increased or decreased in value?

• Do I need to reconsider my home’s rebuild cost?

• Have I purchased anything expensive I need to put onto my contents insurance?

• Does my new pet need insurance to help with vet bills?

As a Pulse Energy customer, this is a good time to check out the savings you can get with Cove’s car and pet insurance. You can do that here.

2. Compare Different Insurance Options

Being loyal is nice, but shopping around can save you money.

Be sure to regularly compare different providers and policies to find the best deal. Most Kiwis can name just three or four large insurance brands, but there are actually more than a dozen that you can choose from.

Switching your insurance to a different brand isn’t all that difficult either. Generally this can be done through a quick phone call (or live chat), and you’ll get a refund on any unused premiums in many cases.

3. Right-Size Your Coverage

Having the right amount of insurance is important, but having too much can cost you. Review your policies yearly to ensure they match your current needs.

If your car is getting older or has decreased in value, you might want to adjust your coverage to reflect this.

The opposite often applies to home and contents insurance. Over time you’ll accumulate more possessions, so you may need to increase your contents insurance as you get more belongings, and the cost to rebuild a house is increasing over time which may impact the value you need to insure your house for.

4.Opt for Higher Excesses

Choosing a higher excess (the amount you pay when you make a claim) will lower your premium.

Many people like to consider this if they believe they’re at a low risk of making claims - for example if they own a car that you only drive short distances one or two days a week.

Tip: Just make sure the excess is an amount you can afford if something unexpected happens.

5. Check Insurance Costs Before Buying a Car

Before you buy a new or used car, get an insurance quote for it.

Insurance costs can vary a lot depending on the car’s make, model, age, and safety features.

Knowing the insurance costs upfront can help you decide if a car is the right choice for you.

Take Advantage of the Pulse Energy and Cove Partnership

Our partnership with Cove is all about helping you save time, money, and hassle when it comes to getting your insurance sorted.

With exclusive discounts for Pulse Energy customers, you can get great coverage without spending too much.

Visit Cove to apply the Pulse Energy discounts or learn more here.