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Cheap funeral insurance

A cheap funeral insurance policy could cost you around $3 per week but your age, health and payout impacts price.

What you need to know

  • We found $3,000 funeral insurance policies from $3.10 per week.
  • When looking for a cheap funeral insurance policy, make sure your premiums do not go up over time.
  • We have also put together a list of partner funeral insurers who offer discounts.
  • With all types of funeral insurance, you need to make sure you're not likely to pay more in premiums over time than the funeral itself would cost you.

Medibank Funeral Insurance

Funeral insurance discounts to help you save

Store Discount

Chance to win a $1,000 gift card.

Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.

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Deal ends

5% discount for more than 1 person covered

Cover more than 1 person to receive 5% off funeral insurance premiums per person. T&C's apply.

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Get 12 months funeral insurance for the price of 11

When you take out a new Suncorp Funeral policy. T&Cs apply.

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Get 10% of your first year's premium back after 12 months

Receive 10% of premiums you’ve paid in the first 12 months with The Real Reward Cover.

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Get $100 eGift card

Take out a new Apia Funeral Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply.

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Deal ends

Get 12 months funeral insurance for the price of 11

When you take out a new Apia Funeral policy. T&Cs apply.

Last verified

Compare funeral insurance quotes with these direct brands

Name Product Maximum cover Maximum entry age Average claims acceptance rate Average claim time Sum Insured Expiry age
Suncorp Funeral Insurance
$15,000
80
99.70%
0.6 months
$3,298 million
No expiry age as long as premiums are paid
Get a 5% discount when you add another adult to the same policy + get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Real Funeral Cover
$15,000
79
99.30%
0.8 months
$1,926 million
100th birthday
Get back 10% of premiums you've paid after your 12-month policy anniversary – as part of The Real Reward programme.
Apia Funeral Insurance
$15,000
80
99.70%
0.6 months
$3,366 million
No expiry age as long as premiums are paid
Take out a new Apia Funeral Insurance policy and get $100 eGift card after your first 4 months of cover. T&Cs apply. Ends June 30, 2024.
Seniors Funeral Insurance
$15,000
79
99.30%
0.8 months
$1,926 million
100th birthday
Get up to $15,000 in funeral cover, including an extra 25% bonus cover when you turn 85.
Insuranceline Funeral Insurance
$15,000
80
99.70%
0.6 months
$3,366 million
No expiry age as long as premiums are paid
Protect your family with an Insuranceline policy and you can go into the draw for a chance to win a $1,000 gift card. New Customers only, T&Cs apply. Competition entries close on 31 July 2024.
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Why compare life insurance with Finder?

  • You pay the same price as buying directly from the life insurer.

  • We're not owned by an insurer (unlike other comparison sites).

  • We've done 100+ hours of policy research to help you understand what you're comparing.

Tips to find a cheap funeral insurance policy

  • Look out for policy discounts. You can get policy discounts up to 20% off (for example, for a joint policy with your partner).
  • Choose a policy that is affordable in the long term. Policies can offer fixed premiums that ensure that the cost never goes up.
  • Find a policy that offers value guarantees. Value guarantees ensure that you don't pay more in premiums than the sum you've insured.
  • Compare policies online. Read reviews of policies and compare cover with an adviser on Finder.

Should I just look for the cheapest policy?

No. You should never use price as your sole selection criteria when you’re comparing policies for the following reasons:

Lower cost policies may not include the benefits you need

Just because a policy is cheap doesn’t mean it contains all the benefits you need such as continuation of cover, global coverage, guaranteed renewability and refund of premiums if you die within the first year.

Cheaper premiums can become expensive

A cheap premium won't always stay cheap. Cheaper premiums are usually stepped, which means it will rise as you age and what seems like a bargain now could turn out to be unaffordable in a few years time. Remember if you don’t keep up your payments or cancel your policy, all the money you have paid towards your funeral insurance policy is forfeited.

Consider long term affordability

Rather than just price, it's a good idea to consider long-term affordability. Look for a policy that offers fixed premium payments so you can factor them into your budget over the long term.

Fixed premiums are commonly known as levelled premiums, where your premiums remain fixed for the life of the policy. This is opposed to a stepped premium plan, where premiums increase with age.

Time holding the policyStepped premiumLevel premium
0 - 3 years$320$400
3 - 6 years$360$400
6 - 9 years$410$400
9 - 12 years$500$400

These figures are made for illustrative purposes only. The actual cost of your premium will depend on your policy and other factors including your age and sex.

Are there any cheaper alternatives to funeral insurance?

If you don’t want funeral insurance, there are other options available. These include:

  • Pre-paying your funeral in a lump sum or making regular payments to a funeral company.
  • Depositing the money in a high-interest savings account.
  • Investing in funeral bonds with a friendly society or insurance company so the investment gains keep pace with inflation.
  • Taking out life insurance, either as a standalone policy or through your super, which normally has a funeral benefit included.

Why you can trust Finder's life insurance experts

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We're free

You pay the same as buying directly from the life insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
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Since 2016, we've helped 270,000+ people find life insurance by explaining your cover options, simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

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