Some general items to consider
Have you checked and compared the excesses on your policy? The excess is what you pay when you make a claim. As a rule of thumb, the higher the excess, the lower the premium. Make sure you are comparing like for like when you are looking at the premium cost of an insurance policy. Some insurances are cheaper because they include higher excesses. This is fine as long as you aware of this and understand that when you make a claim you will need to cover a greater part of the claim yourself.
Have you factored policy discounts into your decision? Insurers offer a range of discounts on their insurance policies relating to things like the number of policies you have with them and how long you have been with them. These can prove valuable, particularly in the long run.
Are you happy with the service options provided? An insurance policy goes to work for you when you make a claim, so make sure you check out how easy it is for you to claim on a policy, how you are expected to do this and the options available (phone, email, website, etc). A 24/7 claims service is best as events can occur at any time and often when you least expect them.
Disclaimer: RACV Home Insurance is issued by Insurance Manufacturers of Australia Pty Limited ABN 93 004 208 084 AFS Licence No. 227678. The information in this article is general advice only so before making any decisions, please consider your own circumstances and the Product Disclosure Statement available from racv.com.au/homeinsurance