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Apartment Insurance

Apartment insurance could give you $20,000 worth of protection, for as little as $25 a month.

Updated . What changed?

Fact checked
Couple unpacking boxes

We’re committed to our readers and editorial independence. We don’t compare all products in the market and may receive compensation when we refer you to our partners, but this does not influence our opinions or reviews. Learn more about Finder .

Apartment insurance is great for anyone who wants to insure the belongings in their home, but not the building. You can even add cover for fixtures and fittings, so more permanent features like kitchen countertops, air conditioning units, and solar power systems are also protected.

Compare apartment contents insurance in a few clicks

Name Product Theft Storm Flood Accidental Damage to Home or Belongings Outdoor Contents Electrical Motor Burnout
Budget Direct Contents Insurance
Optional
Optional
Yes - $1,000
Optional
Get 15% off your first year's premium when you purchase cover online. T&Cs apply.
Youi Contents Insurance
Optional
Yes - $2,500
Get cover for your contents, including theft, storm and flood.
Virgin Contents Only
Optional
Optional
Yes - $1,000
Optional
Grab a $100 e-Gift card when you purchase a new eligible Virgin Contents only insurance policy by 30 November 2020. Purchase online and you'll also 15% on your first year’s premium. T&Cs Apply.
Woolworths Comprehensive Contents Insurance
Yes - $8,000
Optional - $2,000
Save up to 20% when you purchase a combined Woolworths Home and Contents policy online.
Westpac Contents Insurance
Yes
15% off for your first year. Promo code: COVER
St. George Contents Insurance
Yes
15% off for your first year. Promo code: COVER
Domain Contents Insurance
No
Yes
Get 12% off your first year's premium when you purchase a new Contents Insurance policy online. T&Cs apply.
ANZ Contents Insurance
Optional
Optional
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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.

Name Product Monthly Yearly
Budget Direct Contents Insurance
$38
$381
Virgin Contents Only
$39
$385
Youi Contents Insurance
$25
$273
ANZ Contents Insurance
$50
$600
Westpac Contents Insurance
$29
$343
St. George Contents Insurance
$29
$348
Coles Contents Insurance
$27
$228
AAMI Landlord Insurance
$42
$415
GIO Home & Contents Insurance
$44
$475
ING Contents Insurance
$39
$385
Suncorp Home & Contents Insurance
$34
$334
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Name Product Monthly Yearly
Budget Direct Contents Insurance
$40
$401
Virgin Contents Only
$41
$405
Youi Contents Insurance
$25
$268
ANZ Contents Insurance
$59
$714
Westpac Contents Insurance
$33
$400
St. George Contents Insurance
$34
$406
Coles Contents Insurance
$34
$313
AAMI Landlord Insurance
$53
$522
GIO Home & Contents Insurance
$53
$572
ING Contents Insurance
$41
$405
Suncorp Home & Contents Insurance
$44
$435
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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.
  • Building replacement costs for all quotes was $1 million, with an excess of $500.
  • Quotes were obtained in 2020 and were for contents insurance only.
  • Homeowning family of two who moved into their property in 2019.
  • 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.

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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.

Promoted
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.

Broom

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

Lock

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

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