Best home insurance

Get help finding the best home insurance in April 2024

Our insurance team has gathered 310+ quotes from some of Australia's most popular home insurance providers.

The shortlist below is based on 2023 Finder Awards, AFCA complaints, customer reviews and other important factors, particularly during summer, such as flood and bushfire cover.

All the policies in this guide can pay to repair or rebuild your home and its contents if it's damaged by an insured events such as a fire, bushfire or storm. Remember, there's no single best home insurance policy that suits everyone's needs, since we all have different budgets and priorities.

• Show summary

  Best home insurance in April 2024

  • Best value policy: Budget Direct home insurance
  • Best comprehensive policy: Honey home insurance
  • Top pick for price: Youi home insurance
  • Top pick for floods: QBE home insurance
  • Top pick for perks: Qantas home insurance

We've had a leak in our home before, and even though repairs were covered by insurance, fixing the actual issue fell to us – which cost over $16,000. So, the home sensor pack Honey sent us gave us extra peace of mind that we don't have any sneaky leaks or hidden issues.

— Sarah Megginson, Personal finance expert and Aussie homeowner

Finder home insurance awards

Our team of experts researched 68 home insurance policies and selected 2 Finder Award winners based on value and comprehensiveness.

Budget Direct: 2023 value winner

Budget Direct is cheaper than most insurers and it covers most of the essentials such as fires, storms and theft (but not floods).

Honey: 2023 comprehensive winner

Honey gives you $250 worth of smart sensors when you sign up to help detect and prevent household accidents.

Expert tips on finding the best home insurance for your needs

As part of our Finder Awards process, it's our job to to understand the home insurer's product disclosure statement inside out. All of our top picks cover you for the big stuff such as fires (including bushfires), theft, escaped water and storms. Just keep in mind that if you do opt for Budget Direct, and you live in a flood-prone area, you'll need to add this to your policy. You can do this during the quote process.

Gary Ross Hunter
Finder home insurance expert

The truth is, the best home insurance policy is really going to depend on your individual needs. Do you live in a flood prone area? Do you have loads of valuable things? Do you have a pool? All these things need to be considered when looking at home insurance. I know it sounds dry, but think about what's really important to you when looking for a policy, and work from there.

Jessica Prasida
Finder home insurance publisher

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

1 - 7 of 21

Name	Product	Finder Rating
Budget Direct Home & Contents Insurance Budget Direct Home & Contents Insurance 4.5/5★★★★★ rating Finder AwardBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you up to 30% off your first year for new combined policies purchased online. This is a big reason it won this year’s Finder Award for value.	Get a quote View details	Compare	loading Fetching your data...
Youi Building and Contents Insurance Youi Building and Contents Insurance 4.5/5★★★★★ rating Best Rated Brand	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: Finder’s 2022 Insurer of the Year for Customer Satisfaction and our Top Pick for Fire Damage cover. It’s good if you want a tailored quote over the phone.	Get a quote View details	Compare	loading Fetching your data...
QBE Home & Contents Insurance QBE Home & Contents Insurance 3.5/5★★★★★ rating Green CompanyBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3.5/5★★★★★ rating	Our verdict: Finder's Top Pick for Floods plus cover for other common claims such as fire and theft). Its discount is better than most – 20% off your first year with a combined policy.	Get a quote View details	Compare	loading Fetching your data...
Honey Home & Contents Insurance Honey Home & Contents Insurance 4.5/5★★★★★ rating Finder AwardBonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates your rebuild costs for you. Honey was a finalist for the comprehensive category in this year’s Finder Awards.	Get a quote View details	Compare	loading Fetching your data...
Australia Post Home & Contents Insurance Australia Post Home & Contents Insurance 3.5/5★★★★★ rating Bonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3.5/5★★★★★ rating	Our verdict: Covers common claims such as fire, storms, floods and rain. It’s also very helpful if you need to rebuild following a disaster. It offers a special safeguard of up to 30%.	Get a quote View details	Compare	loading Fetching your data...
Kogan Home & Contents Insurance Kogan Home & Contents Insurance 3/5★★★★★ rating Bonus	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	3/5★★★★★ rating	Our verdict: Good comprehensive cover (issued by QBE). Also, get 16% off on your first year's premium when you purchase a new combined Home & Contents insurance policy online + $10 monthly credit. T&Cs apply.	Get a quote View details	Compare	loading Fetching your data...
Qantas Home and Contents Insurance Qantas Home and Contents Insurance 4.5/5★★★★★ rating BonusFinder Award Finalist	Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features Storm Fire Theft Flood Accidental Damage (e.g TV falls) Impact to home (e.g falling trees) Escaped water (e.g burst pipe) Portable contents (e.g dropped laptop outside of home) + more insured events and other features	4.5/5★★★★★ rating	Our verdict: Earn up to 20,000 Qantas Points with every Qantas Home Insurance policy you take out by 22 April. T&Cs and exclusions apply.	Get a quote View details	Compare	loading Fetching your data...

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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

Why you can trust Finder's home insurance experts

We're free

You pay the same as buying directly from the home 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.

We're experts

We've researched and rated dozens of policies as part of our Finder Awards. We provide unique insights and our in-house experts regularly appear on Sunrise, 7News and SBS News.

We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of home insurance brands, making it easier for you to find a good deal.

We're here to help

Since 2014, we've helped 150,000+ people find home 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.

Frequently asked questions

• What's the best home insurance in Australia?

  There's no single best home insurance policy that suits everyone, since we each have different budgets and priorities – but we can help you. We analysed 68 different home insurance policies and narrowed them down to 21 based on an eligibility criteria created by our experts. We then used an algorithm to determine winners based on value and comprehensiveness.

  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?

• How can I get a better price on my home insurance?

  1. Shop around. According to our 2023 pricing research, there was a $1,362 difference between the cheapest and most expensive home and contents insurance policy. Both offered very similar levels of cover including fire, storm, floods, theft and water damage, so it pays to shop around.
  2. Increase your excess to $1000-$1500. This will lower your premiums but will make it pointless to submit smaller claims.
  3. Be wary of discounts. Sign-up discounts are a good way to get more affordable home insurance but after the first year, many insurers will increase your premiums significantly to make up for the discount. To avoid this, consider switching every year.

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

  Yes, it can. For example, if you live in a flood-prone area of the country, an insurer that automatically covers floods is likely to 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.

  • New South Wales
  • Victoria
  • South Australia

  • Queensland
  • Western Australia
  • Tasmania

• What are the biggest home insurance companies in Australia?

  The following brands are part of the largest general insurance businesses in Australia:

  • AAMI (policies issued by AAI Limited)
  • NRMA (policies issued by Insurance Australia Limited)
  • Commonwealth Bank (policies issued by Hollard Insurance Partners Limited)
  • Allianz (policies issued by Allianz Australia Insurance Limited)
  • QBE (policies issued by QBE Australia Insurance Limited)

  This isn't an exhaustive list.

• Which home insurance has the highest customer satisfaction?

  As part of the home insurance customer satisfaction awards, we asked a total of 1,865 Australians across NSW, QLD, WA, VIC and SA to rate their current home insurance provider. Each person was asked to rate the insurer out of 5 based on features, customer service and value for money. AAMI was the winner.

  1. AAMI
  2. Budget Direct
  3. Commonwealth Bank
  4. Allianz

• How do I get 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 where flooding is common, 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 WA?

  As with any state, finding the best home insurance is all about knowing what you want, getting quotes online and then comparing prices from different companies. Our guide on finding home insurance in Western Australia can help.

• What is the best home insurance for first time buyers?

  We have a jargon-free guide to help first-time home buyers find the right home insurance.

• How do I find the best home insurance policy for seniors?

  Some insurers such as Australian Seniors offer discounts to Seniors Card holders. They can also cover hearing aids and wheelchairs as part of portable valuables and can be contacted over the phone.