What happens to my current multi-product discount?
If you already have a multi-policy discount on an eligible ASB Car, Home, Contents or Landlord's Insurance policy, you'll keep it until your next renewal after 5 November 2026. However, if you make policy changes that impact your eligibility for the discount before your next renewal, your discount will end when the change takes effect.
The discount removal means that instead of applying a standard discount, your premium is based on your circumstances and the cover you choose, rather than the number of eligible policies you have.
Taking out a new policy with ASB?
Multi-product discounts won't be available for new ASB General Insurance policies with a cover start date of 5 November 2026 or later.
A quick guide to how multi-product discounts worked
If any of your policies still have a multi-product discount, you'll keep it until renewal or if you make a change to your policy that affects your eligibility. From 5 November 2026, multi-product discounts won't be available on any new policies. Here's how it worked:
- Policies that were eligible included Car, Home, Contents, Landlord's Home and Landlord's Contents.
- Eligible policies were linked when the same person was named as a policyholder across all policies.
- When a new policy was purchased or an existing policy renewed, IAG checked whether the policyholder had another active eligible policy. If they did, the new or renewing policy got a multi-policy discount.
- A combined home and contents policy, or a combined landlord's home and contents policy, could receive a multi-policy discount on its own.
- The order your policies started and ended could affect your final premium. IAG used policy start and end dates, not the purchase date.
How insurance pricing works
Your premium is based on your individual circumstances (using information about you and what you're insuring), as well as factors that affect everyone. This could include costs of parts or repairs, major events and reinsurance costs, and government levies.
All your insurance, all in one place
With ASB, you can protect your home, your stuff, and your family - all in one place. Our experts are here to help find cover that's just right for you.
Benefits of keeping your insurance with ASB
Keeping your insurance with ASB can make things simpler, with cover that's easy to set up and manage alongside your everyday banking.
- We make it easy: get a quick quote, set up your cover online, and get sorted whenever and wherever it suits you.
- Manage your insurance in the same place as your money, including making changes, reviewing your policy or starting a claim online. Convenience that fits your life.
- ASB General Insurance is provided by IAG, New Zealand's largest general insurer, so you can feel confident you're in safe hands.
- If you make claims under more than one eligible policy for the same event, you may only need to pay one excess. The highest excess will apply. Terms, conditions, limits and underwriting criteria apply.
- You can choose the right combination of policies that suits your needs and budget, all in one place.
The availability of insurance cover is subject to your application being approved. Terms, conditions and exclusions apply. For full details, refer to the Policy Wording which is available from ASB Bank Limited. ASB General Insurance is arranged by ASB Bank Limited and underwritten and administered by IAG New Zealand Ltd. See details about IAG's financial strength rating.
Discounts are applied one after the other to your base premium before levies and GST. Staff discounts cannot be combined with promotional offers.