As part of our commitment to exceptional, personalised customer service, Roderick Insurance Brokers are pleased to offer flexible insurance payment options for our Werribee and Geelong clients.

To assist with cash flow, you can make personal and commercial insurance payments in a range of ways, including via secure online payments. We also offer premium funding facilities with some of the leading premium funders in Australia. Please contact our Geelong insurance brokers to find out more.

Payment Method Description Credit Card Payment Processing Fee
Secure online payments Payments can be made using Visa or Mastercard.
Make a secure online credit card insurance payment
Applies.
Bpay To make a payment from your cheque, savings or credit card account contact your bank to use their internet or telephone banking options to pay your account via Bpay. Just quote Roderick Insurance Brokers Biller Code: 434167 and your Ref: number which is located on your account. N/A
Mail Return your Remittance Advice with your cheque, money order or credit card details to:
RODERICK INSURANCE BROKERS PTY LTD
PO BOX 701, GEELONG VIC 3220
Applies for payment via credit card.
Phone Call us on (03) 5226 5999 or (03) 9974 9000. You’ll need your credit card details and renewal notice on hand when you call. Applies for payment via credit card.
In person Pay by cash, cheque, EFTPOS or credit card at one of our locations:
116 Yarra Street, Geelong VIC 3220
2A Wedge Street, Werribee VIC 3030
Applies for payment via credit card.
Monthly installment You may be eligible to pay your premium via monthly installments from your bank account. Contact us to discuss your payment options today. Applies for payment via credit card.
Premium funding Businesses can opt to fund their premiums to take the sting out of lump sum payments and free up cash flow. Contact us to find out more about the benefits of premium funding for your business or get a quote to fund your premium. See more information below. N/A
Credit card We accept VISA and Mastercard credit cards. We do not accept Diners Card or American Express.
By phone – (03) 5226 5999 or (03) 9974 9000
Online – using Secure Online Payments or
BPAY via your bank
In person – visit one of our locations
Applies.

Benefits of premium funding

Premium funding takes the sting out of lump sum payments by providing you with flexible, low-fuss insurance cost solutions.

Free-up working capital
Improved cash flow allows the freedom to invest in other income-generating activities that can help your business grow.

Competitively priced
Interest rates for premium funding are very competitive with other forms of finance, and you’ll save even more by avoiding overdraft fees.
Apart from an initial administration fee, there are no ongoing loan service fees or security costs sometimes associated with bank finance.

Tax deductible
The interest payable on premium funding may be tax deductible, seek advice from your accountant or financial advisor.

Flexibility
Multiple payment options available. Flexibility is the key to the success of premium funding, so talk to us about designing the right structure to suit your individual needs.

Cost benefit analysis
The cost of premium funding can often be fully offset by the more productive use of funds in the business that would otherwise be used for up front insurance payment.
To illustrate this concept, a cost benefit analysis is shown below which compares the income generated from the funds held in the business versus the cost of the premium funding facility.

Approximate amount to be funded $5,264.00

Cost of premium funding
$558.58
Income generated from fund retention
$328.50
Less tax
$167.57
Less tax
$98.55
Net cost
$391.01
Net benefit
$229.95