Compare Home & Contents Insurance From 50+ Providers

  • Compare home & contents insurance policies from dozens of providers.
  • Check which policies are offering discounts of up to 30% on premiums.
Home contents insurance
Home contents insurance

Home & contents insurance comparison

This table below shows a selection of insurance providers offering combined home and contents policies in Australia, with an overview of selected features and discounts. The table is sorted alphabetically based on the provider name. We are not making a recommendation about any particular product.

1st for Women

Key features (subject to limits and sub-limits)
  • Automatic sum-insured adjustment at renewal

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No, only available as optional extra

Pay monthly at no extra cost

No

Discount available
  • 30% off your first year’s premium when you buy a new home & contents policy online
Visit provider

AAMI

Key features (subject to limits and sub-limits)
  • Dedicated Claims Manager to organise your claim & repairs

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get up to $50 off when you quote and buy a policy online
Visit provider

AHM

Key features (subject to limits and sub-limits)
  • Optional portable contents cover across Australia (added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • AHM & Medibank health members can get 10% off their policy
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Allianz

Key features (subject to limits and sub-limits)
  • Instant Certificate of Currency

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No, only available as optional extra

Pay monthly at no extra cost

Yes

Discount available
  • Up to 30% no claims bonus based on your claims history
Visit provider

ANZ

Key features (subject to limits and sub-limits)
  • Automatic accidental damage cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available

No

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Apia

Key features (subject to limits and sub-limits)
  • Visitors’ content cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get up to 10% off when you quote & buy a new policy online
Visit provider

Australian Seniors

Key features (subject to limits and sub-limits)
  • Cover for contents in transit up to 20% of sum insured

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get up to 20% off combined home & contents
Visit provider

Australia Post

Key features (subject to limits and sub-limits)
  • Up to 30% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $30 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get up to 10% off new combined home and contents insurance online
Visit provider

Bank of Melbourne

Key features (subject to limits and sub-limits)
  • Get up to $5,000 to make your home more environmentally friendly if it needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 10% off your first year’s premium when you quote & buy a new policy online
Visit provider

BankSA

Key features (subject to limits and sub-limits)
  • Get up to $5,000 for reasonable costs of architects, engineers & surveyors if your home needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 10% off your first year’s premium when you quote & buy a new policy online
Visit provider

Bankwest

Key features (subject to limits and sub-limits)
  • Choose between packaged or customised cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available

No

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Bendigo Bank

Key features (subject to limits and sub-limits)
  • Gold, silver & bronze cover options

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available

No

Visit provider

Beyond Bank

Key features (subject to limits and sub-limits)
  • Optional domestic workers’ compensation cover (added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 10% off your first year’s premium when you quote & buy a new policy online
Visit provider

BOQ

Key features (subject to limits and sub-limits)
  • $250 worth of complimentary smart sensors for eligible policies

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Up to 8% discount on your premium when you use smart sensors
Visit provider

Budget Direct

Key features (subject to limits and sub-limits)
  • Get up to $750 for mortgage discharge costs & admin fees if your home is destroyed

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

No

Discount available
  • Get up to 30% off your first year's premium for a new policy purchased online
Visit provider

Bupa

Key features (subject to limits and sub-limits)
  • Australian-based customer care team

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million ($30 million for Bupa Ultimate cover)

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • 10% discount for Bupa Health Insurance members & 15% off for Bupa Ultimate Health Insurance members
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CGU

Key features (subject to limits and sub-limits)
  • Premium & mid-range cover available for different budgets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available

No

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Coles Insurance

Key features (subject to limits and sub-limits)
  • No exit fees for cancelling

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Save 30% when you buy an eligible new policy online
Visit provider

Commonwealth Bank

Key features (subject to limits and sub-limits)
  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 15% off combined building and contents cover
Visit provider

GIO

Key features (subject to limits and sub-limits)
  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Save 10% in the first year when you buy a home insurance policy online
Visit provider

Great Southern Bank

Key features (subject to limits and sub-limits)
  • Optional portable contents cover outside of Australia (added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

Yes

Discount available
  • Save up to 10% on your first year’s premium when you quote & buy a new policy online
Visit provider

Honey

Key features (subject to limits and sub-limits)
  • $250 worth of complimentary smart sensors for eligible policies

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Up to 8% discount on your premium when you use smart sensors
Visit provider

HSBC

Key features (subject to limits and sub-limits)
  • Alternative accommodation following an insured event for you and your pets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 10% on your first year's premium when you quote & buy a new policy online
Visit provider

Hume Bank

Key features (subject to limits and sub-limits)
  • Optional domestic workers’ compensation cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 10% on your first year's premium when you quote & buy a new policy online
Visit provider

ING

Key features (subject to limits and sub-limits)
  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

No

Discount available
  • Get 30% off your first year’s premium when you buy a combined home & contents policy online
Visit provider

Kogan Insurance

Key features (subject to limits and sub-limits)
  • Up to $500 of security upgrades after burglary

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $30 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get 22% off when you buy a combined home & contents policy
Visit provider

NAB

Key features (subject to limits and sub-limits)
  • Optional domestic workers’ compensation cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

No

Discount available
  • 30% no claims bonus based on your claims history
Visit provider

National Seniors

Key features (subject to limits and sub-limits)
  • Alternative accommodation following an insured event for you and your pets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

Yes

Discount available
  • Save up to 10% on your first year's premium when you quote and buy a new home insurance policy online

  • 30% no claims bonus based on your claims history

Visit provider

NRMA

Key features (subject to limits and sub-limits)
  • Optional cover for vet fees if your cat or dog is injured in an accident at your address

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available

No

Visit provider

Over Fifty Insurance

Key features (subject to limits and sub-limits)
  • Landlord & renters cover available

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

Yes

Discount available
  • Get up to 10% off your first year’s premium when you quote & buy a new home insurance policy online

  • Get a 10% discount when combining your building & contents cover

Visit provider

Ozicare

Key features (subject to limits and sub-limits)
  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

No

Discount available
  • Get 30% off your first year’s premium when you buy a building & contents cover online
Visit provider

People's Choice

Key features (subject to limits and sub-limits)
  • Up to $5,000 benefit for credit card & transaction card misuse following theft

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available

No

Visit provider

Qantas Insurance

Key features (subject to limits and sub-limits)
  • Quality guarantee on repairs & materials

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

No

Discount available
  • Get up to 15% off your first year’s premium when combining your building & contents cover
Visit provider

QBE

Key features (subject to limits and sub-limits)
  • Up to 30% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $30 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Save 10% when you buy a new home insurance online
Visit provider

RAA (South Australia only)

Key features (subject to limits and sub-limits)
  • Optional pet cover up to $500 for vet costs if your cat or dog in injured

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available
  • 10% multi–policy discount

  • 15% Seniors Card holder discount on combined policies

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RACQ (Queensland only

Key features (subject to limits and sub-limits)
  • Optional pet cover of up to $750 for up to two pets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Save $50 when you buy a home insurance policy online
Visit provider

RACT (Tasmania only)

Key features (subject to limits and sub-limits)
  • Portable contents cover across Australia & New Zealand (optional)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available

No

Visit provider

RACV (Victoria only)

Key features (subject to limits and sub-limits)
  • Cover for costs of permits required to meet state and national codes

  • Cover for fire, storms, weather events, theft (including credit card theft) & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • 10% multi–policy discount on eligible policies
Visit provider

Real Insurance

Key features (subject to limits and sub-limits)
  • Portable contents cover across Australia (optional)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get up to 10% off your first year’s premium when combining your building & contents cover
Visit provider

St. George Bank

Key features (subject to limits and sub-limits)
  • Get up to $5,000 to make your home more environmentally friendly if it needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available
  • Get 10% off your first year’s premium when you buy a policy online
Visit provider

Suncorp

Key features (subject to limits and sub-limits)
  • Optional cover for vet fees if your cat or dog is injured in an accident at your address

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get $100 off when you quote & buy a new policy online

  • 15% multi-policy discount on eligible policies

Visit provider

TIO (Northern Territory only)

Key features (subject to limits and sub-limits)
  • Up to 30% sum insured gap cover after a disaster (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available
  • Get up to 10% off when you combine building & contents cover
Visit provider

Virgin Money

Key features (subject to limits and sub-limits)
  • Optional commercial storage cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

No

Pay monthly at no extra cost

No

Discount available
  • Get up to 10,000 Velocity Points when you buy a new eligible combined home & contents policy before 26 March 2024

  • Get up to 30% off your first year’s premium when you buy a policy online

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Westpac

Key features (subject to limits and sub-limits)
  • Get up to $5,000 for reasonable costs of architects, engineers & surveyors if your home needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

Yes

Discount available

No

Visit provider

Youi

Key features (subject to limits and sub-limits)
  • Cover for contents in transit

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Flood cover included as a standard benefit

Yes

Pay monthly at no extra cost

No

Discount available

No

Visit provider
Key features (subject to limits and sub-limits)Flood cover included as a standard benefitPay monthly at no extra costDiscount availableVisit provider

1st for Women

  • Automatic sum-insured adjustment at renewal

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No, only available as optional extra

No

  • 30% off your first year’s premium when you buy a new home & contents policy online

AAMI

  • Dedicated Claims Manager to organise your claim & repairs

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Get up to $50 off when you quote and buy a policy online

AHM

  • Optional portable contents cover across Australia (added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • AHM & Medibank health members can get 10% off their policy

Allianz

  • Instant Certificate of Currency

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No, only available as optional extra

Yes

  • Up to 30% no claims bonus based on your claims history

ANZ

  • Automatic accidental damage cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

No

Apia

  • Visitors’ content cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Get up to 10% off when you quote & buy a new policy online

Australian Seniors

  • Cover for contents in transit up to 20% of sum insured

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Get up to 20% off combined home & contents

Australia Post

  • Up to 30% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $30 million

Yes

No

  • Get up to 10% off new combined home and contents insurance online

Bank of Melbourne

  • Get up to $5,000 to make your home more environmentally friendly if it needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

  • Get up to 10% off your first year’s premium when you quote & buy a new policy online

BankSA

  • Get up to $5,000 for reasonable costs of architects, engineers & surveyors if your home needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

  • Get up to 10% off your first year’s premium when you quote & buy a new policy online

Bankwest

  • Choose between packaged or customised cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

No

Bendigo Bank

  • Gold, silver & bronze cover options

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

No

Beyond Bank

  • Optional domestic workers’ compensation cover (added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

Yes

  • Get up to 10% off your first year’s premium when you quote & buy a new policy online

BOQ

  • $250 worth of complimentary smart sensors for eligible policies

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Up to 8% discount on your premium when you use smart sensors

Budget Direct

  • Get up to $750 for mortgage discharge costs & admin fees if your home is destroyed

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

No

  • Get up to 30% off your first year's premium for a new policy purchased online

Bupa

  • Australian-based customer care team

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million ($30 million for Bupa Ultimate cover)

Yes

No

  • 10% discount for Bupa Health Insurance members & 15% off for Bupa Ultimate Health Insurance members

CGU

  • Premium & mid-range cover available for different budgets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

No

Coles Insurance

  • No exit fees for cancelling

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Save 30% when you buy an eligible new policy online

Commonwealth Bank

  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

  • Get up to 15% off combined building and contents cover

GIO

  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Save 10% in the first year when you buy a home insurance policy online

Great Southern Bank

  • Optional portable contents cover outside of Australia (added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

Yes

  • Save up to 10% on your first year’s premium when you quote & buy a new policy online

Honey

  • $250 worth of complimentary smart sensors for eligible policies

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Up to 8% discount on your premium when you use smart sensors

HSBC

  • Alternative accommodation following an insured event for you and your pets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

Yes

  • Get up to 10% on your first year's premium when you quote & buy a new policy online

Hume Bank

  • Optional domestic workers’ compensation cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

Yes

  • Get up to 10% on your first year's premium when you quote & buy a new policy online

ING

  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

No

  • Get 30% off your first year’s premium when you buy a combined home & contents policy online

Kogan Insurance

  • Up to $500 of security upgrades after burglary

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $30 million

Yes

No

  • Get 22% off when you buy a combined home & contents policy

NAB

  • Optional domestic workers’ compensation cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

No

  • 30% no claims bonus based on your claims history

National Seniors

  • Alternative accommodation following an insured event for you and your pets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

Yes

  • Save up to 10% on your first year's premium when you quote and buy a new home insurance policy online

  • 30% no claims bonus based on your claims history

NRMA

  • Optional cover for vet fees if your cat or dog is injured in an accident at your address

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

No

Over Fifty Insurance

  • Landlord & renters cover available

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

Yes

  • Get up to 10% off your first year’s premium when you quote & buy a new home insurance policy online

  • Get a 10% discount when combining your building & contents cover

Ozicare

  • Up to 25% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

No

  • Get 30% off your first year’s premium when you buy a building & contents cover online

People's Choice

  • Up to $5,000 benefit for credit card & transaction card misuse following theft

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

No

Qantas Insurance

  • Quality guarantee on repairs & materials

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

No

  • Get up to 15% off your first year’s premium when combining your building & contents cover

QBE

  • Up to 30% sum insured gap cover (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $30 million

Yes

No

  • Save 10% when you buy a new home insurance online

RAA (South Australia only)

  • Optional pet cover up to $500 for vet costs if your cat or dog in injured

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

  • 10% multi–policy discount

  • 15% Seniors Card holder discount on combined policies

RACQ (Queensland only

  • Optional pet cover of up to $750 for up to two pets

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Save $50 when you buy a home insurance policy online

RACT (Tasmania only)

  • Portable contents cover across Australia & New Zealand (optional)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

No

RACV (Victoria only)

  • Cover for costs of permits required to meet state and national codes

  • Cover for fire, storms, weather events, theft (including credit card theft) & malicious acts

  • Legal liability up to $20 million

Yes

No

  • 10% multi–policy discount on eligible policies

Real Insurance

  • Portable contents cover across Australia (optional)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Get up to 10% off your first year’s premium when combining your building & contents cover

St. George Bank

  • Get up to $5,000 to make your home more environmentally friendly if it needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

  • Get 10% off your first year’s premium when you buy a policy online

Suncorp

  • Optional cover for vet fees if your cat or dog is injured in an accident at your address

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Get $100 off when you quote & buy a new policy online

  • 15% multi-policy discount on eligible policies

TIO (Northern Territory only)

  • Up to 30% sum insured gap cover after a disaster (optional & added premium applies)

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

  • Get up to 10% off when you combine building & contents cover

Virgin Money

  • Optional commercial storage cover

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

No

No

  • Get up to 10,000 Velocity Points when you buy a new eligible combined home & contents policy before 26 March 2024

  • Get up to 30% off your first year’s premium when you buy a policy online

Westpac

  • Get up to $5,000 for reasonable costs of architects, engineers & surveyors if your home needs to be rebuilt

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

Yes

No

Youi

  • Cover for contents in transit

  • Cover for fire, storms, weather events, theft & malicious acts

  • Legal liability up to $20 million

Yes

No

No

Please note: This is an overview of what each of these providers shown offers based on a selection of key features advertised. It’s not a full list of what the policies offer or exclude. We recommend getting a personalised quote and checking the Product Disclosure Statement (PDS) and Target Market Determination (TMD) for the policy to understand what is and isn’t covered, and what limits, sub-limits, exclusions, terms and conditions apply, before deciding if the product is suitable for you. While this is an extensive list of home and contents insurance providers in Australia, we cannot guarantee that all providers are shown.

How does home & contents insurance work?

Home insurance can cover both your building and the contents inside your home against unforeseen events, such as fire, theft, weather and water damage, etc. There are generally three levels of cover to choose from:

1. Combined home & contents insurance

Combined home and contents insurance covers the cost of repairing or rebuilding your home (including permanent fixtures and fittings) and your belongings inside it if they’re damaged or lost due to insured events such as fire, theft, or storms. It also includes legal liability cover for death or injury to other people, or loss or damage to their property caused by an accident at your home address.

2. Home building insurance

Available as a standalone policy, home building insurance covers your home (including attached fittings and fixtures) if it’s damaged or lost in an insured event like severe weather, fire, or a malicious act.

This includes cover for permanent indoor and outdoor fixtures, like garages, carports, sheds and fences. Secondary fixed structures such as granny flats may also be covered if used for domestic and residential purposes only. It does not cover your contents.

3. Contents insurance

Contents insurance can also be purchased as a standalone cover for the items inside your home, such as furniture, whitegoods, appliances, clothing and valuables if they are damaged or lost as a result of an insured event like a storm, theft, and fire. It does not cover your home building.

Most contents insurance policies provide coverage for the full replacement value of your belongings (minus any excess you need to pay), sometimes called 'new for old' cover.

‘Contents’ also generally include fitted carpets, blinds and curtains. Your contents are usually only covered at your property address and not anywhere else, unless you have an optional portable contents cover.

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There’s generally a 72-hour exclusion period from when you take out cover for bushfires, storms, storm surges, cyclones and floods before you can make a claim.

What's considered home vs contents?

The difference generally comes down to whether the structures or items are attached or permanently fixed to the building or at the home address. In other words, if it’s difficult to move, it’s probably counted as part of your building. Here’s a general breakdown of what is considered ‘home’ and ‘contents’.

Home Contents

The home itself, including permanent fittings like gas appliances, ceiling fans, etc

Carpets, rugs, internal blinds, curtains, etc

Outbuildings like garages, carports, sheds & granny flats

Furniture, white goods & appliances

Permanent fixtures like water tanks, fences, decks, pergolas, balconies, etc

Crockery, linen and manchester

Fixed swimming pools & spas

Phones, computers & office equipment

Fixed outdoor items like satellite dishes, solar panels and clotheslines

Clothing, shoes & accessories

Home & contents optional extras (for an added premium)

This add-on provides cover for damage that’s caused unintentionally by the policyholder. For example, if you’re moving furniture around the house and accidentally damage a wall or spill a drink on the carpet and it needs to be replaced. It’s available as an optional extra with any level of cover. An extra premium may apply. You may also pay an excess for an accidental damage claim, which is not your standard excess.

Also known as personal effects cover, portable contents cover provides additional coverage for the belongings you take with you when you’re out and about, such as handbags, laptops, smartphones, cameras, bikes, etc. Some insurers offering portable contents cover can insure your portable contents anywhere in Australia or New Zealand for up to 60-90 days.

Valuable contents cover n provides additional coverage for valuable items in or away from your home such as jewellery, watches, sunglasses, artwork, sporting equipment, etc. This cover allows you to specify certain items you’d like to insure, up to a limit per item. Insurers will generally provide a sum insured range for these specific items.

Pay no excess to fix or replace accidentally broken glass which is part of your home, such as windows, doors, skylights, shower screens, and fixed mirrors.

This add-on covers loss or damage to domestic machines or appliances (generally less than 10 years old) if the motor burns out due to an electric current or power surge. Home appliances such as refrigerators, freezers, and washing machines often contain electric motors. This benefit is sometimes automatically included in combined home and contents policies, such with QBE and AAMI. It may also cover food spoilage as a result of motor burnout.

This covers your liability to pay compensation if a domestic worker like a cleaner or gardener is injured while working at your home address.

This covers the loss or damage of your contents stored in a commercial storage facility due to an insured event like fire, theft or vandalism. This may be suitable if you need to put some of your belongings into storage when you’re moving location, travelling overseas, or completing renovations for example.

This optional cover provides a financial benefit for necessary vet treatment if your dog or cat is injured in an accident at your home address. It does not cover illnesses (that’s covered by pet insurance) or pre-existing conditions. GIO and RACQ provide this type of add-on.

What does home & contents insurance cover?

This table shows what’s generally included under each level of home insurance, but inclusions will vary depending on your individual policy and insurer. Check your insurer’s PDS for the full list of inclusions, limits, sub-limits and conditions of cover.

Building repair or replacement after an insured event

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

No

Repair or replacement of contents

Combined home & contents

Yes

Home building insurance

No

Contents insurance

Yes

Lifetime guarantee on home repairs

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

No

Carpets, curtains and internal blinds

Combined home & contents

Yes

Home building insurance

No

Contents insurance

Yes

Contents in transit to your new residence

Combined home & contents

Yes

Home building insurance

No

Contents insurance

Yes

Fire

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Theft & burglary

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Vandalism or malicious acts

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Temporary accommodations if your home isn’t liveable after an insured event

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

No

Legal liability cover

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Severe weather events (e.g. storms, cyclones)

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Floods

Combined home & contents

Yes, (sometimes optional)

Home building insurance

Yes, (sometimes optional)

Contents insurance

Yes, (sometimes optional)

Damage by escaping water (e.g. leaks) or liquids

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Debris removal and extra rebuilding costs

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

No

Environmental upgrades

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Mortgage discharge costs

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

No

Broken glass or ceramics (accidental)

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Damage by explosion

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Burnout of electric motors

Combined home & contents

Yes, (sometimes optional)

Home building insurance

Yes, for fitted appliances only (sometimes optional)

Contents insurance

Yes, (sometimes optional)

Food spoilage

Combined home & contents

Yes

Home building insurance

No

Contents insurance

Yes

Accidental damage

Combined home & contents

Yes (optional)

Home building insurance

Yes (optional)

Contents insurance

Yes (optional)

Home office equipment

Combined home & contents

Yes

Home building insurance

No

Contents insurance

Yes

Security upgrades after a burglary

Combined home & contents

Yes

Home building insurance

No

Contents insurance

Yes

Replacement locks

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Collision by things like vehicles or an aircraft

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Damage by impact (e.g. fallen trees, vehicles, power poles)

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Damage by animals

Combined home & contents

Yes

Home building insurance

Yes

Contents insurance

Yes

Portable contents cover

Combined home & contents

Yes (optional)

Home building insurance

No

Contents insurance

Yes (optional)

Business items

Combined home & contents

Yes (optional)

Home building insurance

No

Contents insurance

Yes (optional)

Combined home & contentsHome building insurance Contents insurance

Building repair or replacement after an insured event

Yes

Yes

No

Repair or replacement of contents

Yes

No

Yes

Lifetime guarantee on home repairs

Yes

Yes

No

Carpets, curtains and internal blinds

Yes

No

Yes

Contents in transit to your new residence

Yes

No

Yes

Fire

Yes

Yes

Yes

Theft & burglary

Yes

Yes

Yes

Vandalism or malicious acts

Yes

Yes

Yes

Temporary accommodations if your home isn’t liveable after an insured event

Yes

Yes

No

Legal liability cover

Yes

Yes

Yes

Severe weather events (e.g. storms, cyclones)

Yes

Yes

Yes

Floods

Yes, (sometimes optional)

Yes, (sometimes optional)

Yes, (sometimes optional)

Damage by escaping water (e.g. leaks) or liquids

Yes

Yes

Yes

Debris removal and extra rebuilding costs

Yes

Yes

No

Environmental upgrades

Yes

Yes

Yes

Mortgage discharge costs

Yes

Yes

No

Broken glass or ceramics (accidental)

Yes

Yes

Yes

Damage by explosion

Yes

Yes

Yes

Burnout of electric motors

Yes, (sometimes optional)

Yes, for fitted appliances only (sometimes optional)

Yes, (sometimes optional)

Food spoilage

Yes

No

Yes

Accidental damage

Yes (optional)

Yes (optional)

Yes (optional)

Home office equipment

Yes

No

Yes

Security upgrades after a burglary

Yes

No

Yes

Replacement locks

Yes

Yes

Yes

Collision by things like vehicles or an aircraft

Yes

Yes

Yes

Damage by impact (e.g. fallen trees, vehicles, power poles)

Yes

Yes

Yes

Damage by animals

Yes

Yes

Yes

Portable contents cover

Yes (optional)

No

Yes (optional)

Business items

Yes (optional)

No

Yes (optional)

Source: QBE, Suncorp & Youi.

Other types of home & contents insurance

Landlord insurance covers the repair or rebuilding of your investment property if it is lost or damaged in an insured event like a fire or storm. Depending on the cover you choose, it may also cover:

  • Loss of rental income after an insured event
  • Mortgage discharge costs
  • Your legal liability for injuries, death, or damage to others or their property
  • Contents that belong to you

This contents-only insurance is designed for people who are leasing a property. It covers your belongings if they’re lost or damaged by an insured event such as a storm, theft, fire or flood. Renters insurance can cover a wide range of personal possessions including:

  • Furniture
  • Appliances
  • Electronics
  • Tools of trade
  • Jewellery & watches
  • Painting & art objects
  • Potted plants

Some policies may also cover temporary accommodation costs if the property you’re renting becomes unlivable due to damage.

Strata insurance covers loss or damage caused by insured events to strata-title buildings, such as apartments, townhouses and duplexes. It generally covers:

  • Building fixtures like pipes, hot water systems & intercoms
  • Common property like car parks, gardens, pools & stairways
  • Common contents like outdoor furniture or gym equipment.

Additionally, it provides coverage for unit owners, including compensation for lost rent and temporary accommodation if an insured incident means that the property can’t be occupied. Strata insurance is paid for by body corporate members (unit owners).

What is not covered by home & contents insurance?

Each level of home insurance will have different exclusions, depending on your policy type and insurer. However, some general exclusions that apply to all coverage levels include:

  • Loss or damage due to the use or presence of asbestos
  • Loss or damage due to the presence of mould or mildew
  • Loss or damage arising from insects, vermin or rodents
  • Loss or damage from building renovations or any construction works
  • Existing chips and scratches
  • Wear, tear or gradual deterioration of any part of the home/unit
  • Defects, structural faults, or design faults
  • Chemical damage when cleaning
  • Damaged caused by tree lopping
  • Loss or damage from biological, chemical, other pollutants or contaminants
  • Legal liability for communicable disease (e.g. if someone contracts an infectious disease at your property)
  • Movements of the sea, high water, or underground water
  • Aircraft shockwaves (e.g. plane vibrations)
  • Loss or damage caused by your deliberate or reckless actions
  • Legal liability from business activities undertaken at the address
  • Loss or damage as a result of a cyber attack

Refer to the insurer’s PDS for the full list exclusions, limits and conditions.

How much does home insurance cost?

Home and contents insurance can cost between $100-$400 per month, based on an analysis of a selection of quotes for various home addresses obtained by Money.com.au. The amount you pay each month or year for your insurance is called a premium.

Based on our findings from comparing quotes, premiums vary significantly depending on:

  • The type of home you have
  • How much you insure your home & contents for
  • Your overall risk profile.

Example cost comparison of home & contents insurance

This example shows the cost difference between combined home and contents insurance and standalone coverage for building-only and contents-only from selected providers.

Suncorp

Home & contents insurance (monthly premium)

$154.40

Building-only insurance (monthly premium)

$144.00

Contents-only insurance (monthly premium)

$20.39

Budget Direct

Home & contents insurance (monthly premium)

$167.09

Building-only insurance (monthly premium)

$160.87

Contents-only insurance (monthly premium)

$30.00

Youi

Home & contents insurance (monthly premium)

$167.14

Building-only insurance (monthly premium)

$128.07

Contents-only insurance (monthly premium)

$39.07

QBE

Home & contents insurance (monthly premium)

$320.66

Building-only insurance (monthly premium)

$308.43

Contents-only insurance (monthly premium)

$57.33

Home & contents insurance (monthly premium) Building-only insurance (monthly premium)Contents-only insurance (monthly premium)

Suncorp

$154.40

$144.00

$20.39

Budget Direct

$167.09

$160.87

$30.00

Youi

$167.14

$128.07

$39.07

QBE

$320.66

$308.43

$57.33

This is based on a single example scenario and is not necessarily an indication of the cost of home insurance more broadly and how much you would pay. This example cost comparison is based on quotes obtained from specified providers for an owner-occupied freestanding home in south east Queensland with four bedrooms and two bathrooms. The primary wall is made of brick veneers and it has a tiled (terracotta) roof. The building’s sum insured is $686,000 and contents are insured for up to $20,000. Quotes obtained on 23 January 2024.

Factors that impact home & contents insurance premiums

Whether you choose a combined home and contents policy or a standalone cover for your building or contents. Combined policies provide coverage for a broader range of insured events and, therefore, cost more than standalone policies.

Any optional cover, such as accidental damage or portable contents cover, typically comes with an added premium.

This is the estimated cost to rebuild your home and/or replace your contents at today's prices. You’ll be given a sum insured range for your building and the items inside your home. The higher your sum insured, the higher your premium will be.

Increasing your cover limits for your home and/or contents will generally increase your insurance premiums. This also applies to specified contents listed on your policy (if you increase coverage for valuable possessions like jewellery and watches).

Increasing your excess (the out-of-pocket sum you must contribute towards a claim) can lower your premium and vice versa. Most insurers allow you to adjust your excess to increase or decrease your premium.

You may pay a higher premium if you’ve made an insurance claim for your home and/or contents (including personal effects) in the last 3-5 years. Some types of claims impact your home insurance more than others. For instance, a break-in may be related to the overall safety of your home or its location.

Whether you’re insuring a freestanding home, townhouse, unit or semi-detached duplex. This will include the number of bedrooms, bathrooms and living areas. Additionally, the materials used in construction, such as the composition of external walls and the roof, will be considered.

This will include ducted cooling and healing, pools, spas, sheds, granny flats, and tennis courts. All these elements impact the value of your home, your sum insured, and therefore, your premium.

Some insurers will ask that you specify if your home is on a sloped block, elevated above ground (e.g. stilt home) or near a grassland or bushland. Homes on sloped blocks or elevated blocks might face different risks, such as erosion or increased vulnerability to severe weather events. Properties near grassland or bushland may be more prone to wildfires.

Solar panels are considered a permanent fixture of the home and are generally covered under home and contents insurance. In some cases, you may need to increase your coverage, which may impact your premium.

You may pay a lower premium if your home is fitted with a working security alarm/camera or smart sensors, as these devices can deter intruders and prevent accidents like a fire. For example, Honey and BOQ offer $250 worth of complimentary smart sensors if you select this option on eligible policies, and you can receive an 8% premium discount on top.

You may pay an additional premium if you conduct business activities in your home, including, buying, selling or storing business products and offering services. This is because it may be considered more risky. For example, there might be valuable business equipment on the premises, more people in the home during business hours, or a higher risk of accidents related to business operations. According to Budget Direct, working remotely from home is not considered a business activity.

How to save on your home & contents insurance

Here are some ways you can reduce your home & contents insurance premium:

  • Increase your excess: Choosing a higher standard excess can lower your premium, although your out-of-pocket expenses will be more if you make a claim. Be sure to choose a basic excess you’re comfortable with should you need to make a claim.

  • Pay your premium annually: Some insurers offer discounts when you pay your home and contents insurance premiums upfront (annually), instead of monthly. Most will let you know which payment option provides better value. Alternatively, some insurers allow you to pay monthly at no extra cost.

  • Consider a combined building & contents policy: You may get a discount when combining building and contents cover compared to buying each cover as a standalone policy. For example, Allianz offers a 10% discount if you buy building and contents cover under one policy.

  • Buy your home insurance policy online: Many insurers offer discounts when you buy a policy online directly via their website. For example, Budget Direct offers 30% off your first year's premium for a new policy purchased online.

  • Secure your home: Installing security features or devices in your home can reduce the risk of theft in the eyes of insurers and, therefore, your premium. Security devices can include cameras, smart sensors, sirens, and even strobe lights.

How to find the best home & contents insurance for you

The best home and contents insurance for you should provide sufficient coverage for the current value of your home and contents (your sum insured), all while aligning with your budget. Otherwise, you could find yourself underinsured or paying for cover you don’t need. Consider comparing like-for-like home insurance policies from different insurers, looking specifically at:

  • Standard inclusions & features
  • Optional extras
  • Discounts available
  • Automatic flood cover (if available)
  • Customer reviews
  • Premium prices, monthly and annually

Home & contents insurance FAQs

To calculate your building’s sum insured you need to estimate the cost to rebuild your home or replace your contents at today’s prices. For your home, this includes the building and fittings and fixtures such as kitchen cupboards, vanity units, light fittings, floor tiles, and structural improvements like solar panels, awnings, pergolas, decks and fencing.

The easiest way to calculate your sum insured is to use a dedicated online calculator provided by your insurer. Most online calculators generally estimate your home’s rebuild costs by cross-referencing CoreLogic RP data with construction industry data.

Alternatively, you could get a professional valuation from an architect, builder or valuer.

Some insurers offer a Sum Insured Safeguard which provides a buffer if the cost to repair or rebuild your home after a total loss exceeds the amount you insured it for (your sum insured). This generally comes as an optional extra.

For example, if repair/rebuild costs are higher than what your home is insured for, Budget Direct and Kogan Insurance policies may pay up to 30% on top of your building’s sum insured.

With a 30% Sum Insured Safeguard, if your sum insured is $400,000, the insurer covers you for up to an additional $120,000 for a total of $520,000.

'Specified contents' are items you want to insure for a higher amount than the standard policy limits. You can increase the limits of items like jewellery/watches, paintings and artworks, and collections and memorabilia, by listing them on your policy as specified contents.

For example, your policy might set a $1,000 benefit limit for jewellery, but you could list jewellery as 'specified contents' to insure for $2,000.

To include specified contents on your policy, you must notify your insurer and get their approval to increase the sum insured up to a limit. An extra premium may apply. Specified contents are listed separately on your Insurance Certificate.

Some home and contents insurance policies provide flood cover as a standard inclusion, such as with QBE and Youi. However, some insurers only offer flood cover as an optional extra you must add to your policy (for an added premium), such as with NAB and Budget Direct.

A Certificate of Currency or certificate of home insurance is a document issued by your insurer that confirms your insurance policy is effective and valid. A Certificate of Currency includes the name of the insured person(s), the sum(s) insured, and other policy details such as the period of coverage, and the type of cover applicable. Your lender may ask for a Certificate of Currency during your home loan application process if you’re buying an existing home.

Yes, contents insurance generally provides cover for office equipment kept at your home (for business or personal use), like computers, laptops, monitors, desks and chairs.

Yes, your home is generally covered if you’re away on holidays or your home is unoccupied for a period of time. However, an unoccupied excess will apply if you make a claim after your home was vacant for more than 60-90 consecutive days (depending on the insurer). You should notify your insurer if you plan to be away from your home for an extended period of time, according to Youi.

Yes, home and contents insurance can cover your home if it’s been renovated or extended. However, you must tell your insurer before work commences on renovations or construction work worth more than $20,000- $75,000 (depending on the insurer). Your insurer may propose changes to the terms and conditions of your policy and your premium may change.

It’s important to note that home insurance does not cover damage caused by renovations or your legal liability for injuries or damages to third parties as a result of construction happening at your home.

Yes, home and contents insurance extends cover to outbuildings like a granny flat, if used for residential/domestic purposes such as providing accommodation for family members. Some insurers may check that it’s on the same title as your main insured property. Granny flats rented to tenants may be covered under landlord insurance.

You may not be eligible for a standard home and contents insurance if part of your home is rented to a tenant, according to Allianz and QBE. Owner-occupiers with a live-in tenant might need a specific type of landlord insurance. In addition, your tenant may need to take out their own contents insurance policy.

If you live in a sharehouse you may want to consider protecting your belongings with a contents-only insurance. Be sure to inform your insurer that you live with people who are not relatives, as this may impact your coverage. If your housemates want cover for their contents too, they'll need their own contents insurance policy.

Yes, you must pay an excess when making a home insurance claim. This is an out-of-pocket sum you must contribute towards a claim.

Most home and contents policies have a building excess and a contents excess, depending on the specific benefit you’re claiming. For instance, if your claim pertains to a stolen laptop, you would only pay a contents insurance excess. On the other hand, if your claim relates to damage to an internal wall, you would only pay a building excess.

If you make a claim for loss or damage to both your home and contents, you would generally pay a single excess, whichever is the highest of the two, according to Youi.

Here are some typical discounts available from insurers that provide home and contents insurance in Australia:

  • Pay in full discount: You may get a discount when you pay your home insurance premium annually in full instead of monthly. This is a standard discount offered by most insurers.

  • Online discount: You may be able to claim a discount when you buy a home insurance policy online directly via the insurer’s website.

  • No claims discount: Some insurers may apply a discount to your premium after each claim-free year (up to a maximum of 3-5 years). This discount is designed to reward you for your good claims history.

  • Multi-policy discount: Some insurance providers offer a discount when you combine multiple eligible insurance policies.

  • Secure home discount: Some insurers may offer incentives to policyholders who take extra steps to secure their home by installing security features like cameras, and sensors.

You can lodge a home insurance claim online via your insurer’s website or mobile application, or over the phone. You’ll be asked to provide information to support your claim, including (but not limited to):

  • Your policy number
  • Details of the events
  • Photos of the damage
  • Valuations, receipts or serial numbers for electronics and/or high-value items (if applicable)
  • A police report (if applicable).

Yes, you can cancel your home and contents insurance at any time by contacting your insurer. If you cancel your home insurance policy within the insurer’s cooling-off period (usually up to 14-21 days) and haven’t made a claim, you may get a full refund on your premium.

If you cancel your policy after this period, you may still get a refund for the unused portion of your premium, minus any non-refundable government charges. Some insurers may charge an exit fee.

Written by

Megan Birot Money.com.au writer

Senior Finance Writer

Megan Birot

Reviewed by

Sean Callery Editor Money.com.au

Editor

Sean Callery

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