Suncorp offers savings when you combine several personal insurance products. Below is a clear summary of the current multi-policy discount, who is eligible and how the discount is applied.
What is the Suncorp multiple policy discount?
Suncorp offers a 15% rebate for owners of three Suncorp Insurance policies. If a customer has three Suncorp Insurance policies, they receive a 15% discount for each eligible policy. The discount is applied during the purchase or renewal of the insurance policy; if it is not applied at purchase, Suncorp will endeavour to process the discount within 90 days from the policy start date.
Which policies qualify?
The following insurance policies typically take part in the multi-policy program:
- Home
- Contents
- Landlord
- Comprehensive Car
- Third-Party Property Damage Car
- Motorcycle
- Caravan (including trailer)
- Motorhome
- Boat
Note: Suncorp QLD CTP Insurance may count as an eligible policy for meeting the “three policies” rule, but its premium cannot be discounted. Optional covers such as Roadside Assist, Home Assist, and excess-free glass are not eligible for the 15% discount.
Eligibility rules
- To qualify for the 15% Multi-Policy Discount (MPD) you must have three or more eligible paid personal insurance policies with Suncorp Insurance.
- All qualifying policies must have a common mailing address.
- The person(s) seeking the discount must be nominated as an insured on each eligible policy with the exact same name on every policy.
How the discount is applied
If you take all three (or more) eligible policies out together, the discount will apply to those policies from their start date. If the discount is not applied at purchase, Suncorp aims to process and apply it within 90 days of the policy start date. Discounts then appear on each eligible policy premium.
Practical notes and exclusions
- Some government-regulated products (for example, certain CTP products) may count towards the “three policies” requirement but cannot be discounted — check the policy terms for your state.
- Discounts generally do not apply to add-on or optional covers such as Roadside Assist, Home Assist, and excess-free glass; these are excluded from the MPD calculation.
- Read the product terms and conditions or ask a Suncorp representative to confirm whether a specific policy or cover is eligible before relying on the discount.
Key takeaways
- Combine three or more eligible Suncorp personal insurance policies to qualify for a 15% multi-policy discount on each eligible policy.
- All policies must list the same insured name(s) and share a common mailing address.
- CTP may count for the eligibility test but usually cannot be discounted; optional add-ons are excluded.
- If the discount is not applied at purchase, Suncorp aims to process it within 90 days from the policy start date — check your policy schedule to confirm.
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