Qantas Car Insurance up to 40,000 Points for Policies over $1550
$0 - $500 = 4k points
$500 - $850 = 1k points
$850 - $1250 = 20k points
$1250 - $1550 = 30k points
$1550+ = 40k points
I just purchased a policy $2000 annually vs existing policy $1600 with bingle.
It should cost me $67 in extra premium over the 60 days, plus $40 to cancel my existing insurance, $40 to cancel this insurance.
Bring my net cost to $147 for 40,000 points, with the bonus of having a cheaper price when I go back to bingle (quote today is $60 cheaper than current policy)
YMMV of course so make sure this deal works in your favour
Why are they charging you $40 to cancel.
I can tell you straight up it's an illegal charge and the reason they keep doing it is that nobody complains to insurance ombudsman.
There is no such thing as a contract with Insurance. You are free to leave or change provider as you wish