Best Home Insurance | We've analysed 13+ Australian brands 2021

Best home insurance

Looking for the best home insurance? Use our Top Picks and see some of our most popular home insurers.

See Top Picks for best home insurance Check out our winners
Find the best home insurance for you Compare policies

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!

Finding the best home insurance can be easy – all you have to do is see what benefits are best for you, and compare policies.

We've also put together some top picks and reveal which Finder partners are most popular with our readers. We're hoping this sets you up to find the best home policy place.

Must read: Looking for the best home insurance?

There's no single "best" home insurance policy that suits everyone, because we each have different budgets and priorities for the things we want to protect. To compare home insurance, think about what matters most in your home. Do you live in a flood-prone zone? Do you own expensive things? Or do you want just basic cover? It's completely up to you.

Here are our Top Picks in April 2021

Our Top Pick for Best Home Insurance Overall – Westpac or St George

We analysed 13 different home insurance policies, across more than 30 different factors, and gave each one a score. Westpac and St George, which both offer the same Premier Care package, came out on top.

Both brands came out with the lowest average policy price, plus they offer a wide range of benefits. You'll get an automatic safety net in case you're accidentally underinsured, flood cover as standard and you can pay monthly at no extra cost.

BrandPolicyOptional featuresApply
Westpac home insurancePremier Care
  • Included safety net
  • Included flood cover
  • Pay monthly at no extra cost
Get quote
St.george home insurancePremier Care
  • Included safety net
  • Included flood cover
  • Pay monthly at no extra cost
Get quote

"We analysed 13 different home insurance policies, across more than 30 different factors, and gave each one a score."

Our Top Pick for Flexibility – Budget Direct or Virgin Money

Want the flexibility to create a policy that works perfectly for you? After looking at 13 different brands, we found that Virgin Money and Budget Direct offer the most optional add-ons so you can pick and choose which benefits you want. That also means not paying for the benefits you don't need.

Optional benefits include sum insured protection, flood cover, accidental damage and motor burnout. You can also specify individual high value items and adjust your excess.

BrandPolicyOptional featuresApply
Budget Direct home insuranceHome and Contents Insurance
  • Sum insured protection
  • Flood cover
  • Accidental damage
  • Motor burnout
  • Specified items
  • Flexible excess
Get quote
Virgin money home insuranceHome and Contents Insurance
  • Sum insured protection
  • Flood cover
  • Accidental damage
  • Motor burnout
  • Specified items
  • Flexible excess
Get quote

Our Top Pick for Customer Service – Huddle

Huddle was the only home insurance brand we could find that lets customers claim over the phone, online and via an app. In some cases, claims can be handled in a matter of minutes.

You can also request quotes online and the brand has a helpful live chat feature on its website. Plus, Huddle has an optional Home Assist feature, which customers can use to access expert help during home emergencies such as a broken pipe, blocked toilet or being locked out.

Importantly, Huddle is well-received by Australian customers. As of February 2020, the brand is earmarked as excellent by Trustpilot thanks to its average customer rating of 4.5 out of 5.

BrandCustomer service featuresApply
Huddle home insurance
  • Online claims via phone, online and the app
  • Request quotes online
  • Live chat feature
  • Home Assist feature
More info

So how did we choose our Top Picks?

  • We looked at 13 home insurance brands like Budget Direct, Huddle and Westpac.
  • We analysed over 30 different benefits and gave them each a weighting based on the importance of that benefit. E.g. We scored standard inclusions like fire and theft a score of 1, while less common (but still important) benefits like underinsurance protection were given a score of 3.
  • After all the scores were applied, each brand had a total score and was ranked from highest to lowest in 3 separate categories; top pick for best home insurance overall, top pick for flexibility and top pick for customer service.

Want to compare for yourself? Find the best home insurance for you

Tip: You can request a quote from more than one insurer. In fact, that's the best way to save money. Review benefits, request quotes and compare prices.

Name Product Building Cover Contents Cover Fire, Storm & Theft Damage Sum Insured Safeguard Online Discount Cheapest way to pay
Budget Direct Home & Contents Insurance
Optional
Annually
Save 30% on your first year's premium when you purchase a new combined Home & Contents insurance policy online. T&Cs apply.
Australia Post Home & Contents Insurance
Annually
Save 10% when you buy a combined home and contents insurance policy from Australia Post.
Domain Home Buildings & Contents Insurance
Monthly or Annually
Get 15% off your first year's premium when you purchase a new combined Home & Contents Insurance policy online. T&Cs apply.
St. George Home and Contents
Monthly or Annually
Save up to 25% when you purchase cover online. Promo code: COVER
Qantas Home and Contents Insurance
Optional
Annually
Earn up to 20,000 Qantas Points when you apply by 2 May. Points awarded will be based on your premium. T&Cs & exclusions apply.
Westpac Home and Contents Insurance
Monthly or Annually
Save up to 25% when you purchase cover online. Promo code: COVER
Youi Building and Contents Insurance
Annually
Youi Home Insurance takes the time to tailor a premium for you.
Virgin Home and Contents Insurance
Optional
Annually
Purchase a new eligible Virgin Home and Contents Insurance policy online and you'll also save up to 30% on your first year’s premium. T&Cs Apply.
Real Top Home and Contents Insurance
Annually
Save up to 20% when you purchase combined Home and Contents online.
Seniors Top Home & Contents Insurance
Annually
Buy online and save up to 30% on a new home and contents insurance policy. T&Cs apply.
loading

Compare up to 4 providers

living room graphic
Stuck on who to choose? The 3 most popular home insurers on Finder are:
1. Budget Direct
2. Westpac
3. St.George

Based on clicks to active policies from August 2020 - January 2021.

Trying to choose the best policy type?

The first step to finding the best insurance is choosing which type of policy is best suited to you. There are three main types you can choose from:

If you need help deciding which policy type is best for you, check out the statements below. See which statement best describes your situation, and hopefully you'll be able to figure out which policy suits.

SituationBest policyWhy?
home and contents insuranceI own my own home and have filled it with my belongings. There is no strata title for my home.Home and contentsYou'll be protected against damage to the actual structure of your home as well as the items inside.

You'll be covered for storm damage, burst pipes, theft and more.

contents insuranceI own my own home but it was sold with a strata title. I have filled it with my belongings.ContentsYour strata insurance will cover the structure of your home and communal areas.

Contents insurance will protect your belongings against fire damage, water damage, theft and more.

home building insuranceI own the property but don't keep many belongings there.Home/buildingIf there isn't much inside your home that can be damaged, you might not need contents insurance.

Building insurance will cover the structure of your house as well as its permanent fittings.

landlord insuranceI rent my home but have furnished it myself and filled it with my belongings.Contents Your landlord should have buildings insurance and will have to cover the cost of damages to the structure of your home.

However, contents insurance can protect you if your items are damaged, stolen or destroyed.

home insuranceI rent my home and have few belongings and they would be inexpensive to replace.No home insuranceNot everyone needs home insurance. If you could replace all of the belongings inside your home at a low cost, you might not need any insurance.

Find some of the best home insurance deals in April 2021

Hopefully by now you've figured out the best policy for you. Now see what offers are available to sweeten the deal.

Budget Direct Home Insurance DealsBudget Direct Home Insurance Deals

30% online discount on new home & contents insurance

Receive 30% off your first year's premium when you purchase a new combined Home & Contents Insurance policy online. T&Cs apply.

Last verified

Australian Seniors Home Insurance DealsAustralian Seniors Home Insurance Deals

Buy online and save up to 30% on a home & contents policy with Australian Seniors.

Offer applies to new policies bought online. Discount is made up of a 10% online discount for the first year, 10% for buying a combined policy and a further 10% if you hold a Seniors Card or 5% for non-card holders over the age of 50. T&Cs apply.

Last verified

Qantas Home Insurance Deals Qantas Home Insurance Deals

Earn up to 20,000 Qantas Points with Qantas Home Insurance

Plus save 15% on your premium when you combine your Home & Contents insurance. Points awarded will be based on your premium. Not available on homes or for contents we already insure for you. T&Cs & exclusions apply.

Last verified

Virgin Home Insurance DealsVirgin Home Insurance Deals

Get up to 30% off new policies

Save up to 30% on your first year’s premium when you purchase home and contents insurance online. T&Cs apply.

Last verified

Deal ends

Westpac Home Insurance DealWestpac Home Insurance Deal

Get up to 25% off when you sign up for a new home and contents policy

Save up to 25% when you combine Home and Contents Insurance online.

Last verified

Real Home Insurance DealReal Home Insurance Deal

Up to 20% off with a new home and contents insurance policy online

Save up to 20% when you purchase combined Home and Contents cover online.

Last verified

Domain Insure Home Insurance DealsDomain Insure Home Insurance Deals

15% online discount on new home & contents insurance

Receive 15% off your first year's premium when you purchase a new combined Home & Contents Insurance policy online. T&Cs apply.

Last verified

Deal ends

Australia Post Home Insurance DealsAustralia Post Home Insurance Deals

Get 10% off when buying Home and Contents Insurance from Australia Post

Save 10% when you buy a combined home and contents insurance policy from Australia Post. T&Cs apply.

Last verified

What are the best home insurance companies?

It's really hard to say which is the best home insurance company without knowing a bit about you. So here's a bunch of home insurance companies that we've researched and reviewed. Hopefully this can help you.

If the brand you're looking for isn't here, check out our directory.

Compare some of the best home insurance policies in a few clicks

Frequently asked questions

What do I need to look for in the best home insurance for Queensland?

Far North Queenslanders often face higher home insurance premiums because the area is prone to cyclones and flooding. That's why it's particularly important to compare prices from different insurers to find the best policy in Queensland.

Remember, if you live in an area that is prone to flooding, make sure you get a policy with flood cover added on (or included). Storm damage should be included as standard in your policy.

How do I get the best home insurance for Perth?

As with any area, finding the best home insurance is all about knowing what you want, getting quotes online and then comparing prices from different companies.

The price of houses in Perth are on the rise so it makes sense to protect something that you spent so much money on. Try reading our guide on finding home insurance in Western Australia to get started.

Flood insurance will pay to repair your home if a body of water – such as a lake, river or reservoir – overflows and spills into your home. However, not all flood insurance covers coastal flooding or tidal waves.

If you live close to the ocean, it may be worth finding a policy that covers this type of flooding.
When looking for flood insurance, don't forget to get cover for both the physical building and damage to your belongings.

Does the best home insurer change based on where I live?

It certainly can. As an example, you might find that some brands have more cover for storms and floods, so if you live in a flood-prone area, these brands may be better suited for you.

Here's a list of our state guides that can help you decide what kind of policy is best for you.

What is the best engagement ring insurance?

There are a few different ways to get engagement ring insurance. You might want to get it through your home insurance, through a specialist, or through single-item insurance.

When looking for the best cover, make sure to get your ring valued and that your policy will cover that amount. Remember, to take depreciation into consideration. If you're getting cover as part of your home insurance, make sure to add portable contents onto your policy so you're covered if you lose your ring outside of your home.

You can read our guide on finding engagement ring insurance for more information.

How do I find the best laptop insurance in Australia?

You can add cover for your laptop to your contents insurance, or you can take out single item insurance.

Some of the best policies will also let you add portable contents cover so that your laptop is covered in and outside of your home.

You can find more information in our guide to laptop insurance.

How do I find the best policy if I'm a first-home buyer?

The only way to get the best policy is by understanding the product and what options are available to you. Luckily, we have a jargon-free guide to help first time home buyers find the right home insurance.

What is a home insurance key facts sheet and why should I read it before choosing a policy?

Every home insurance policy should come with a key facts sheet. This is a simple document that outlines exactly what you are covered for and other policy specifics you need to know. It is written in clear, non-technical language. Always read through the key facts sheet (and the PDS) before buying a home insurance policy.
Back to top

Picture: GettyImages

Icons made by Vectors Market from www.flaticon.com

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.

2 Responses

    Default Gravatar
    MahendraFebruary 19, 2019

    Does the cost of land included in home value to be insured?

      Avatarfinder Customer Care
      JhezFebruary 20, 2019Staff

      Hi Mahendra,

      Thank you for your comment.

      Only the cost of the property’s structure and its associated systems, fixtures, and finishes will be included in the estimate. The land value is included in a home’s market value but it’s not be included in the amount of insurance you buy.

      Please make sure to read the eligibility criteria, features and details of the policy, as well as the relevant Product Disclosure Statement PDS/T&C’s of the policy before making a decision and consider whether the product is right for you. If necessary, speak to the insurance brand to verify any details.

      Regards,
      Jhezelyn

Go to site