Question 1

What is the SUNCORP INS* charge on my bank statement?

Accepted Answer

The SUNCORP INS* charge is a premium payment for your Suncorp Insurance policy in Australia. Suncorp offers auto, home, and boat insurance, and this charge represents your regular premium being debited from your account. The amount will vary depending on the type of policy you hold and your chosen payment frequency.

Question 2

I don't remember taking out insurance with Suncorp — could this charge be fraudulent?

Accepted Answer

Not necessarily. If you have a car, home, or boat insurance policy with Suncorp Australia, the SUNCORP INS* descriptor is how their insurance premiums appear on bank statements. Check your email for any policy documents or welcome letters from Suncorp. If you still don't recognise it, log in at online.suncorp.com.au/wdm/suncorp/#/login to review your active policies. If you find no policies linked to your details, contact Suncorp directly to dispute the charge.

Question 3

Why does the SUNCORP INS* amount change each time it appears?

Accepted Answer

Suncorp Insurance premiums can vary from period to period due to several factors, including annual policy renewals where rates are recalculated, changes to your coverage or insured asset, government stamp duty or levy adjustments, or modifications you made to your policy. To see a full breakdown of your current premium, log in to your Suncorp account at online.suncorp.com.au/wdm/suncorp/#/login where you can view your policy details and billing history.

Question 4

How do I cancel my Suncorp Insurance policy to stop these charges?

Accepted Answer

To cancel your Suncorp Insurance policy and stop future SUNCORP INS* charges, log in to your account at online.suncorp.com.au/wdm/suncorp/#/login and manage your policy from there. You can also contact Suncorp directly by phone to request a cancellation. Keep in mind that cancelling mid-term may result in a partial refund of your premium, but Suncorp may apply a cancellation fee depending on your policy terms. Make sure you have alternative coverage arranged before cancelling any auto, home, or boat insurance policy.

SUNCORP INS* Charge (What It Is + Is It Legit?)

Why does this charge appear?

What should you do?

Is this charge fraudulent?

Frequently Asked Questions

Community Reports (0)

Community Comments (0)