
Get exclusive money-saving offers and guides
Straight to your inbox
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!
You’ve come to the right place to look for Queensland home insurance. Filter through policy types and compare up to 4 products at a time.If you want a little more information, you can click on “View details”, otherwise hit “Get a quote” and we’ll take you directly to the insurer.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Straight to your inbox
A Queensland home and contents insurance policy can protect you financially when something unexpected occurs, whether that's theft, accidental damage or Queensland's often unpredictable weather. Bushfires, cyclones and storms are not rare occurrences in the sunshine state, so protecting yourself with home and contents insurance is a smart way to ensure you won't suffer financially when the next big thing hits.
It's hard to say who's going to be the best for everyone, because it's entirely dependent on your living situation. However, to help you make a decision, here are the top 3 popular brands that people choose from Finder when looking at home insurance for Queensland.
Based on clicks to active policies from March 2020 - August 2020.
A study by finder.com.au found that damage from major cyclones from 2011-2016 resulted in more than $1.4 billion worth of uninsured losses, or 57% of the overall cost. Given how Queensland is prone to natural disasters, it's more important than ever for people to protect their property.
Here are just a few reasons why purchasing home insurance is a great idea for those in Queensland:
There are several factors you need to take into account when choosing home insurance in Queensland.
Some of those factors are down to you personally, such as how much cover you want and how much you’re willing to pay for home insurance.
However, other factors will vary depending on where you live in Queensland. For example, if you live in Far North Queensland, you should have a policy that provides protection against loss or damage by tropical cyclones.
In parts of the state’s south-east where severe storms are a common threat during spring and summer, you’ll want to ensure that you have adequate protection against storm damage. And if you live close to the Brisbane River in a low-lying suburb, flood cover is a must.
Apartment owners also have slightly different cover needs to those who live in detached houses, so it’s important to carefully assess your cover requirements before choosing a policy.
It's the same as any other state. Queensland homeowners can choose from three types of home insurance:
Several competing factors affect the cost of home insurance in Queensland:
While the core advice around insurance is the same for everyone, it's worth emphasising a few important considerations for people in high-risk areas.
No matter where you live, it is always a good idea to find a policy that is suited to your specific geographic conditions. This is especially important for people in high-risk areas given the strength of the local weather events and the magnitude of potential loss.
Here are some common weather events and where they are likely to occur. Double check that your policy covers these events, because not all policies cover all weather events:
Your policy's product disclosure statement (PDS) will explain how to make a claim, and the process won't differ for people in high-risk areas. However, there are cases where people in hard-hit areas will get priority treatment.
If a weather event creates widespread destruction affecting many people, the Insurance Council of Australia may declare a catastrophe and design ways to get these people back on their feet as quickly as possible. Initiatives may include:
It may be tempting to put off home insurance until something is about to hit. After all, major weather events are often announced in advance. However, most policies contain a waiting period between the time you join and the time you can make a claim. This is usually only a few days. Putting home insurance off until the last minute could cost you big time.
Every year, home insurers can decide whether or not to raise their premiums and by how much. If a severe weather event led to unprecedented losses one year, people in that region can probably expect to pay higher premiums the next year. In most cases, this will not be individually targeted based on what you claimed, instead it will be a sort of macro-level decision affecting everyone.
On the other hand, your insurer could raise your individual rates if you've made a bunch of other excessive claims throughout the year.
The bottom line is: don't be afraid to make a claim when you really need it. Just be careful about making an excessive number of unnecessary claims otherwise.
When so many people are affected by a severe weather event, there are bound to be some whose claims are denied. Maybe because they were underinsured, or maybe because the insurance company misinterpreted how exactly the complex weather patterns destroyed the home.
If you think your claim was wrongly denied, ask your insurer to review their decision. If they still refuse to cover you, you can contact the Australian Financial Complaints Authority (AFCA)
Australian home insurance providers usually aren’t state-specific, which means Queensland homeowners can access cover from an extensive range of trusted insurance brands. If you want to dive deeper into a specific company, we've got reviews for some of the main insurers available in Queensland:
Before choosing any home insurance policy, make sure you read the list of general exclusions for details of when your policy will not provide any cover. The following exclusions are fairly common:
It’s also important to be aware that stamp duty is charged on home and contents insurance premiums in Queensland at a rate of 9%. Remember to factor this into your equations when working out the total cost of cover.
If you live north of Rockhampton, you would be familiar with crazy weather conditions that can cause significant damage to your area. Whether it is a tropical cyclone, flooding or heavy storms, these sorts of events could cause you some strife, so finding the right home and insurance for you will help you on your feet again
Many insurers will cover North Queenslanders, but the cost will probably be higher than other parts of Australia, due to the area being high risk for weather damage. It's good to be prepared well ahead of time, as most insurers have a 72 hour period without cover immediately after purchasing. Asking for quotes from a number of insurers will help you compare prices, and some insurers may even match or beat the cost of other companies, which is great for your hip pocket.
You may find an insurance broker helpful to discover a home insurance policy that covers all the intricate details you need for your property in North Queensland. Insurance brokers are the experts in this area, and it's their job to provide insurance advice that's in your best interest, allowing you to make an informed decision and find the policy that's right for you.
As a high-risk zone, there are several severe weather events that you should be covered for if you're living in North Queensland, including loss or damage from cyclones, floods and storms.
Ensure you're covered for these extreme weather events with your home and contents policy, including flood cover. Some policies do not automatically cover this scenario and it may raise your premiums further, but it's one of the most important weather events to protect yourself from in flood-prone North Queensland. Again, this may be where an insurance broker comes in handy, as they will be able to pinpoint items or scenarios that need cover that you haven't thought of. Double check the policy exclusions, and if there's something your excluded that you feel you need, see if you can add it on as an extra before purchasing.
Your policy will most likely cover you for financially for other situations too, including theft, fire, vandalism, explosions and accidental damage.
Due to the frequency of natural disasters, you may find you have to pay more for your premiums. North Queenslanders pay one of the highest premiums for home and contents insurance in Australia because of cyclone risk. As insurers pay out large sums of money for previous events, annual premiums go up.
Strengthening components of your house can reduce insurance premiums, such as strengthening roofs to protect from wild elements, protecting windows or updating old homes to meet modern building codes.
* The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
Picture: GettyImages
$100,000 life insurance policies can be very affordable. Compare costs and cover here.
Ready to explore the wonders of Queensland? Here’s our guide on hiring a campervan from Brisbane.
Despite last year’s unprecedented bushfire season, millions of Australians are not taking measures to protect their homes, according to new research by Finder, Australia’s most visited comparison site.
Here’s everything you need to know about insuring your prized furniture collection.
Find the right granny flat insurance, whether you're renting yours out or you've moved into one.
We've done our best to explain how landlord insurance deals with subletting. It's a tricky one but here's what we know.
If you're a tenant with a fragile home aquarium, here's how renters insurance can help protect it.
From gazebos to furniture to water features, outdoor living home insurance can cover a range of things we keep outside.
Love your handbag? Handbag insurance is a good way to show it.
Get protection for your high-value electronics and whitegoods with home and kitchen appliance insurance.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com.au is one of Australia's leading comparison websites. We compare from a wide set of banks, insurers and product issuers. We value our editorial independence and follow editorial guidelines.
finder.com.au has access to track details from the product issuers listed on our sites. Although we provide information on the products offered by a wide range of issuers, we don't cover every available product or service.
Please note that the information published on our site should not be construed as personal advice and does not consider your personal needs and circumstances. While our site will provide you with factual information and general advice to help you make better decisions, it isn't a substitute for professional advice. You should consider whether the products or services featured on our site are appropriate for your needs. If you're unsure about anything, seek professional advice before you apply for any product or commit to any plan.
Products marked as 'Promoted' or 'Advertisement' are prominently displayed either as a result of a commercial advertising arrangement or to highlight a particular product, provider or feature. Finder may receive remuneration from the Provider if you click on the related link, purchase or enquire about the product. Finder's decision to show a 'promoted' product is neither a recommendation that the product is appropriate for you nor an indication that the product is the best in its category. We encourage you to use the tools and information we provide to compare your options.
Where our site links to particular products or displays 'Go to site' buttons, we may receive a commission, referral fee or payment when you click on those buttons or apply for a product. You can learn more about how we make money here.
When products are grouped in a table or list, the order in which they are initially sorted may be influenced by a range of factors including price, fees and discounts; commercial partnerships; product features; and brand popularity. We provide tools so you can sort and filter these lists to highlight features that matter to you.
We try to take an open and transparent approach and provide a broad-based comparison service. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market.
Some product issuers may provide products or offer services through multiple brands, associated companies or different labelling arrangements. This can make it difficult for consumers to compare alternatives or identify the companies behind the products. However, we aim to provide information to enable consumers to understand these issues.
Providing or obtaining an estimated insurance quote through us does not guarantee you can get the insurance. Acceptance by insurance companies is based on things like occupation, health and lifestyle. By providing you with the ability to apply for a credit card or loan, we are not guaranteeing that your application will be approved. Your application for credit products is subject to the Provider's terms and conditions as well as their application and lending criteria.
Please read our website terms of use and privacy policy for more information about our services and our approach to privacy.