westpac hazard risk data
First‑Time Buyers Cut Home Insurance Home Safety Costs 12%
In 2023, insurers that used granular hazard risk data cut first-time buyer premiums by an average 12%. This reduction comes from matching coverage to real exposure, eliminating blanket add-ons, and rewarding proactive safety measures. When buyers understand the data behind their policy, they can negotiate smarter, lower-cost protection. Financial Disclaimer: