Aldi Australia makes surprising new business move that has nothing to do with its budget supermarkets

Aldi is offering Australian customers a new service amid the cost of living crisis, and it has nothing to do with the supermarket.

The supermarket giant launches Aldi Insurance with home and contents insurance, comprehensive car insurance and landlord insurance.

Customers can get a quote for a policy in three minutes, without any ‘confusing jargon’.

Many Aussies have shared how they are cutting costs, with many saying that changing insurance policies and seeking cheaper rates has saved thousands of dollars.

“Look around at all your bills, power, insurance, internet, phone etc. I just got a quote for my car insurance for $650, which is half of what I’m currently paying,” one super saver said recently.

Aldi Australia is launching Aldi Insurance with home and contents insurance, comprehensive car insurance and landlord insurance

Aldi Insurance claims its prices will be competitive for both new and existing policyholders.

Those who opt for Home and Contents Insurance also receive smart sensors that reduce the premium and make their home safer.

The sensors monitor homes to prevent accidents that could lead to claims such as fire, water damage and theft, while also saving customers up to eight percent on premiums.

Aldi is working with partners Honey Insurance and RACQ Insurance to offer the new service.

CHOICE expert Mark Serrels previously said making careful insurance decisions is key to saving money in 2024, with many currently considering their options.

It is probably why Aldi has now chosen to introduce a competitive offer to the market; Coles and Woolworths also offer insurance options.

He believes Australians could save as much as $1,730 a year by switching to a cheaper policy.

Aldi Insurance said to be a ‘simple’ solution for Australians looking to protect their assets with lower premiums and no hidden exclusions

Aldi will use technology through Honey to identify key information about a customer’s home, including its size, year of construction and material composition, to speed up the traditionally lengthy process.

“We have taken the complexity out of comprehensive car, home and contents insurance and landlord insurance to deliver a simple product with exceptional value,” said group director Rodney Balech.

‘As with our grocery offering, we will not engage in one-off rewards or conditional discounts. We want to bring to the insurance market what we have successfully delivered in our grocery business.”