With energy prices rising, switch to a cheaper plan
Compare Prices Now

Apartment Insurance

Apartment insurance could give you $20,000 worth of protection, for as little as $23 a month.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

1 - 7 of 9
Name Product Home Contents Cover Fire, Storm & Theft Damage Outdoor Contents Portable Contents Cover Accidental Damage to Home or Belongings Online Discount
Budget Direct Contents Insurance
Yes - $1,000
20% of your contents sum insured
Get 15% off your first year's premium when you buy a Budget Direct Contents insurance policy online. T&Cs apply.
Youi Contents Insurance
Yes - $2,500
20% of your contents sum insured
Get a 20% discount on your contents insurance if you have a car insurance policy with Youi. Excludes NSW & SA CTP green slips. T&Cs apply.
Bendigo Bank Contents Insurance
Seniors Top Contents Insurance
Yes - $8,000
Buy online and save up to 20% on a new contents insurance policy. T&Cs apply.
Honey Contents Insurance
5% of your contents sum insured
Woolworths Comprehensive Contents Insurance
Save up to 10% when you buy a Woolworths Contents insurance policy online. Plus, Everyday Rewards Members will save 10% on their monthly shop. T&Cs apply.
Qantas Contents Insurance
Earn up to 20,000 Qantas Points when you apply. Points awarded will be based on your premium. T&Cs & exclusions apply.

Compare up to 4 providers

What does apartment contents insurance cover?

Here are some of the main things in your apartment that contents insurance can help protect.

Old desk with laptop

Your personal valuables

Includes damage or theft to your laptop, TV, designer clothes, jewellery and more.

Bathroom with modern sink

Permanent fixtures

Covers additions to your apartment like bathroom vanities, stovetops and air conditioners.

Spoiled wine in living room

Accidental damage

Cover for mishaps like spilled wine, a smashed TV screen or a burst water pipe.

How much is apartment insurance? Compare quotes for contents insurance.

Here are some quotes on contents insurance so you can get an idea on pricing depending on the value of your belongings. You can also get a direct quote to match your needs.

$20,000 of Contents - Monthly price$20,000 of Contents - Annual price$50,000 of Contents - Monthly price$50,000 of Contents - Annual priceGet quote
St. george logo$44.88538.63$54.11$649.33More info
Picture not described$44.88538.63$54.11$649.33More info
Woolworths car insurance logo$39.18$419.75$44.57$477.54Get quote
Picture not described$19.94$191.08$25.91$250.81More info
Real insurance logo$37.26$399.16$42.39$454.10More info
Coles Insurance$31.80$307.22$40.09$394.33More info
AAMI logo$30$300$38$374More info
Domain insure$24.65$281.70$25.88$295.78More info
GIO Logo$25.05$250.51$31.07$310.75More info
Picture not described$59.47$713.64$72.59$871.02More info
Budget Direct Logo$34.72$351.27$37.99$380.30Get quote
Picture not describedING Home Insurance Logo$33.31$336.05$35.69$360.82More info
Virginmoney logo$35.04$354.78$38.29$384.11More info
NRMA logo$39.19$413.23$44.68$479.08More info
Huddle home insurance$38$400$43$454More info
Qantas Life Insurance Logo$39.51$396.62$42.35$429.39Get quote
Australian Seniors Logo$33.12$354.80$37.68$403.66Get quote
Picture not described$32.81$354.29$35.16$379.76More info

We rounded all the quotes to the nearest dollar. The customer profile had no previous claims and a $500 excess.

Learn more about our methodology
  • Quotes were obtained for the same three-bedroom New South Wales home in Baulkham Hills owned by a family of two.
  • Homeowning family of two who moved into their property in 2019.
  • Quotes were obtained in November 2021 and were for contents insurance only.
  • Three-bedroom, one story freestanding house on flat ground with brick veneer walls, terracotta tiled roof, no verandas and built in 1980.
  • Windows secured by deadlocks, with no security devices.

Do I need home insurance for my apartment?

Legally, you're not required to have insurance for your apartment. However, it's a good idea to take out a policy if you have any expensive items that you'd like to protect.

I'm a tenant.
Lots of renters could benefit from contents insurance. If your home is burgled or a water pipe bursts and ruins your things, contents insurance can help you foot the bill.

I'm an owner-occupier.
Your apartment building is likely covered by strata, but you may want to add fixtures and fittings cover, as well as contents insurance. That way, you'll be covered for things like a damaged air-conditioner, as well as your belongings.

I'm a landlord.
If you're renting your apartment out, you should look at landlord insurance.

Ready to compare apartment insurance?

Compare brands side-by-side to make sure you get the right cover for your apartment. Get a new policy or switch your existing policy to save money.

Compare now

Why is contents insurance important if you live in an apartment?

Contents insurance is important for anyone who has items in their home which would be expensive to replace. It doesn't matter whether you live in a studio apartment or a three-story townhouse, contents insurance is worth considering. It can protect everything from your TV and audio equipment, to expensive jewellery and designer clothing.

Save 30% on your first year's premium when you purchase a new combined Home & Contents insurance policy online. T&Cs apply.

How to reduce the cost of apartment insurance?

There are many ways to reduce the cost of home insurance, like increasing your excess and taking advantage of discounts. If you live in an apartment, there are a few extra things to consider when trying to save.

  • If your building has security. How secure is your apartment building? Are there gated stairwells? Can guests only gain access to the complex or to the lifts with a key or a card, or can anyone just wander in off the street at any time? The more secure your apartment is, the smaller the risk of theft or burglary and the more affordable your premiums will be.
  • If doors lock automatically. Doors that lock automatically when shut are another simple measure that can greatly increase the security of a building and make it harder for uninvited strangers to get in.
  • If you're on a higher floor. As a general rule, the higher up your apartment is, the less likely you are to be broken into. This can help lower your apartment contents insurance premium.
  • If you don't have a balcony. Burglars gaining access to apartments through unlocked balcony doors is a lot more common than you might think, so apartments without balconies generally tend to be cheaper to insure.

What can I do to protect my apartment?

Insurance will only help cover you for accidents and the unexpected. It won't help if the damage is caused by your own neglect. Here are some tips to help prevent damage and loss to your apartment.


Regular maintenance of the apartment will help you identify areas of wear and tear before they cause problems.


Increasing security with security doors and surveillance cameras can help deter thefts.

Screw driver

Hiring professional handymen to help with more technical jobs can save you time and stress.

Compare apartment insurance now

Frequently asked questions

Picture: GettyImages
Icons made by Those Icons, Good Ware from www.flaticon.com

Picture: GettyImages

Read more:

More guides on Finder

    Ask an Expert

    You are about to post a question on finder.com.au:

    • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
    • finder.com.au is a financial comparison and information service, not a bank or product provider
    • We cannot provide you with personal advice or recommendations
    • Your answer might already be waiting – check previous questions below to see if yours has already been asked

    Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
    Go to site