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One of Australia’s largest insurance brands, Budget Direct offers a suite of home insurance policies to its customers. Having insured more than 1.5 million Australians since 2000, Budget Direct Home Insurance offers policies underwritten by Auto & General Insurance Company Limited. Customers can choose from Home Insurance, Contents Insurance, Home & Contents Insurance, and Landlord Home & Contents Insurance and Renters Insurance. Keep reading to find out more about Budget Direct Home Insurance.
Featuring Budget Direct Home Insurance
Award-winning insurance for your most prized possessions.
Customers said they saved $338* on average when they switched policies *
Save 30% when you buy online
Money magazine's Insurer of the Year in 2017, 2018 and 2019. Awarded Best of the Best in 2019
Budget Direct Home Insurance is designed to protect your most important and valuable asset. This policy protects your building against fire, explosion, theft, malicious damage and many more risks. The sum insured amount is adjusted at every renewal and Budget Direct Home Insurance offers a 24-hour online claims notification system.
Budget Direct Home Insurance protects your building against loss or damage caused by:
Fire
Explosion
Theft
Vandalism
Malicious acts
Storm and rainwater
Lightning
Earthquake
Escape of liquid
Impact
Accidental breakage of glass, ceramic and sanitary fixtures
$20 million of legal liability protection
Contents Insurance
If you want to protect your treasured possessions and valuables, Budget Direct Contents Insurance can help. It covers your belongings against loss or damage caused by fire, explosion, theft, storm, impact and many more. The sum insured is automatically updated each time you renew your policy.
This policy option covers your possessions against:
Fire
Explosion
Theft
Vandalism
Malicious damage
Storm
Rainwater
Lightning
Earthquake
Escape of liquid
Impact
Accidental breakage of glass, ceramic and sanitary fixtures
$20 million of legal liability protection
Home & Contents Insurance
If you combine Budget Direct Home Insurance with Contents Insurance and purchase a policy online, you can enjoy a discount of 30%. This means you can protect your home and your most valued belongings against everything from fire and theft to storm and explosion damage, while available options include flood, accidental damage cover, personal effects cover and motor burnout cover.
Budget Direct Home & Contents Insurance protects your building and your belongings against all the events mentioned above, plus it also provides legal liability cover.
Landlord Insurance
If fire, theft or storm damage a property your Budget Direct Landlord Covers can offer the financial protection you need. It also covers loss of rent if your home is not fit to live in following an insured event, plus optional extras include tenant default cover and protection against theft and malicious damage by tenants.
This policy is designed to protect a rental property owned by a landlord. It protects the property against:
Fire
Explosion
Theft
Vandalism
Malicious damage
Storm
Rainwater
Lightning
Earthquake
Escape of liquid
Impact
Accidental breakage of glass, ceramic and sanitary fixtures
Loss of rent if your home cannot be lived in following an insured event
The loss of fixtures and fittings is covered after an insured event
Additional cover include protection against theft, vandalism and rent default by your tenants
Benefit
Home & Contents
Home Insurance
Contents Insurance
Accidental breakage of glass, ceramic & sanitary fixtures
Yes
Yes
Yes
Contents while moving address
Yes
No
Yes
Credit card cover up to $1,000
Yes
No
Yes
Debris removal and extra costs of rebuilding
Yes
Yes
Yes
Earthquake cover
Yes
Yes
Yes
Escape Of liquid
Yes
Yes
Yes
Explosion cover
Yes
Yes
Yes
Fire cover
Yes
Yes
Yes
Funeral expenses up to $7,000
Yes
Yes
Yes
Impact cover
Yes
Yes
Yes
Lightning cover
Yes
Yes
Yes
Lump sum or instalment payments
Yes
Yes
Yes
Malicious damage, vandalism, riot or civil commotion
Yes
Yes
Yes
Mortgage discharge costs
Yes
Yes
No
Open air contents cover - contents in the open at the insured address
Yes
No
Yes
Replacement of locks up to $500
Yes
No
Yes
Storm & rainwater damage
Yes
Yes
Yes
Temporary accommodation costs
Yes
Yes
Yes
Theft or attempted theft
Yes
Yes
Yes
Unattached equipment cover up to $500
Yes
No
Yes
Uninsured guests' contents cover up to $500
Yes
No
Yes
Up to $20 million legal liability cover
Yes
Yes
Yes
Optional Benefit
Accidental damage cover
Yes
Yes
Yes
Choice of excess options
Yes
Yes
Yes
Landlord - tenant default cover
Yes
Yes
Yes
Landlord - theft and malicious damage by tenant cover
Yes
Yes
Yes
Motor burnout cover
Yes
Yes
Yes
Personal effects cover
Yes
No
Yes
Sum insured safeguard
Yes
Yes
No
Flood cover
Yes
Yes
Yes
What exclusions do I need to know about?
Your Budget Direct Home Insurance claim will not be paid if:
It is caused by flood (unless an optional benefit is purchased)
High tide or any other action of the sea
It results from underground water seepage or pressure
It is caused by the presence of asbestos
It results from you performing any criminal or illegal act or omission
It results from you failing to comply with any laws or regulations concerning things such as pool fencing, emissions, dangerous goods, assault and malicious damage
It is for loss or damage to any part of the home that is specifically used for business purposes
It is for consequential loss of any kind
It is caused by any biological, chemical or poisonous pollutant or contaminant
It results from a design fault, structural defect or faulty workmanship that you knew about but failed to fix
It arises because you failed to maintain your home or contents in good condition
It is for mechanical or electrical breakdown
It is caused by erosion, landslide or subsidence. However, earth movement that occurs within 72 hours and as a direct result of earthquake, explosion or storm or rainwater will be covered
It is for rust, corrosion, rot, mould, mildew or wear and tear
It results from an intentional act by you or by someone acting with your consent
It is for the cost of recovering, reinstalling or replacing electronic data
It is for loss or damage to your home or contents caused by the lawful seizure, repossession or confiscation of anything
It is caused by tree lopping or felling or by the roots of trees, shrubs or plants
It is caused by loss or damage that occurs when your home has been unoccupied for more than 60 consecutive days
It results from loss or damage caused by insects, birds, vermin or rodents.
How much is this going to cost me?
A number of factors can influence the cost of your Budget Direct Home Insurance premium, including:
The sum insured you select. The higher the amount you want to cover your home and/or contents for, the more expensive your premiums will be.
The location and construction of your home. If your home is located in a high-crime area or a region prone to severe storms, this will be reflected in the cost of your insurance. Certain homes, for example those constructed of brick, are also more likely to withstand damage.
The security devices fitted. If you have an alarm system fitted to your home to deter thieves, you can expect to save on your insurance cover.
Your previous claims history. An insurer will always take your previous insurance experience into account when assessing the level of risk you pose.
The optional extras you select. Optional extras, for example accidental damage cover, can be included in your policy for an additional cost.
What does excess mean?
In the insurance world, an excess is the amount you have to pay to contribute towards the cost of a claim. Depending on the cover you have in place, one or more excesses may apply to your Budget Direct Home Insurance policy. For example, you may have selected a higher excess in order to reduce your premium. In any case, the excesses that apply to your individual policy will be listed on your certificate of insurance.
Any tips for saving on my policy?
Choose a higher excess. If you can afford to pay a higher excess in the event of a claim, you can select a higher excess in return for a lower premium.
Buy online. Buy your policy online and you can save 15% on the cost of your Budget Direct Home Insurance.
Bundle your cover. Taking out a Home & Contents Insurance policy from Budget Direct Home Insurance and purchasing your policy online means you can enjoy savings of 30%.
Use online calculators. Budget Direct Home Insurance offers some extremely handy online calculators to help you determine the amount of cover you need. The Express Building Calculator, Full Building Calculator and Contents Calculator can help you estimate just how much cover you need and help prevent problems of over - or under-insurance.
How do I make a claim?
If your home or contents suffer loss or damage, or if an incident occurs which may lead to a claim, there are certain steps you will need to follow. First, take all reasonable steps to prevent any further loss or damage occurring. Any incidents involving theft or malicious damage should also be reported to the police.
Next, contact the underwriter as soon as possible to provide the full details of your claim. If asked, you’ll need to provide evidence of the value or your ownership of the items or property that have been lost, stolen or damaged. You’ll need to give the underwriter the opportunity to inspect the damaged goods or property and will have to supply any other information or documentation they request in order to process your claim.
FAQs about Budget Direct
Yes, Budget Direct Home Insurance does offer flood cover if you purchase this as an optional extra.
Yes, the replacement value of your jewellery is included in contents cover when your jewellery is at home. If you want coverage for your jewellery away from home, you’ll need to take out personal effects cover.
Fire, storm and rainwater, theft, attempted theft, malicious damage, vandalism, riot, civil commotion, lightning, earthquake, escape of liquid, and impact. The accidental breakage of glass, ceramic and sanitary fixtures is also covered.
You can elect to pay your Budget Direct Home Insurance premiums fortnightly, monthly or annually. Payment can be made via credit card, debit card or PayPal.
For an additional premium you can have cover for motor burnout, which covers for loss or damage to electric motors where:
the burnout is caused by power surge or electric current
the motor is burned out at the home.
Budget Direct Home Insurance covers loss or damage to these items if they're damaged in the home by an insured event.
Alexandra Koster is Finder's Publisher for car, home and pet insurance. Her hobbies include reading product disclosure statements and deciphering complicated insurance lingo to help people save on their insurance so that they can spend their money on better things – like dogs. She has a Bachelor of Arts in Film and Cultural Studies from the University of Sydney.
No, Flood is not included on any of Budget Direct’s policies but you may have it added as it is one of their optional benefit. Also, each of their policy has an ‘Escape of liquid’ which will cover the damages caused by burst or leaking water pipes and overflowing sinks, basins, baths and appliances.
Insurers like Budget Direct offer renter’s insurance for shared accommodation. You may see other brands that offer this type of home insurance on this page.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
I am looking to insure a family home that was built in 2000, in Sunshine West, Vic, 3020. I have been insured with API Insurance for the last 10 years and have not claimed for anything for over 10 years. Recently APIA increased the premium to $55 a month, I decided to look for a home insurance at a cheaper rate with any suitable insurance agent.
Your help in recommending a cheaper and reasonable home insurer is appreciated.
Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?
Ideally, it’s good to continue with the insurance company you’re with at the moment since you’ve been with them since 2000.
Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.
Thanks for getting in touch with finder. As I read, you mentioned that you are looking for a home insurance. Would you mind letting us know exactly how we can help you further?
i simply want to buy landlord insurance with content $30,000. The insurance must strongly protect if lost rent payment by tenant. Because i have already have insurance with RACV building and content. The property will be renting out on 23/9/2017
Once you’ve chosen an insurer, you may click on “Go to site” to be directed to their page where you can start your request for a quote.
As finder is an online comparison service and is not an insurer, we do not represent any of the companies featured on our pages. It would be best to get in touch with the insurer directly to clarify the details provided in their quote.
Thanks for your question. finder.com.au is a comparison service and not an insurer. According to the Budget Direct website:
“You will not lose your No Claims Discount on renewal if:
A claim is only for window glass
The car is involved in a No Fault Accident with another vehicle
You included NCD Protection in your policy
For other claims, Budget Direct will reduce your NCD on renewal by 2 years for each claim, and your insurance cost may increase accordingly.”
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Is accidental damage caused by flooding covered? ( Such as from forgetting bath taps on)?
Hi Anna,
Thanks for contacting Finder.
No, Flood is not included on any of Budget Direct’s policies but you may have it added as it is one of their optional benefit. Also, each of their policy has an ‘Escape of liquid’ which will cover the damages caused by burst or leaking water pipes and overflowing sinks, basins, baths and appliances.
I hope this helps.
Cheers,
Ash
Do you offer renters insurance for a situation where I share my house with tenants?
Hi Louise,
Thank you for getting in touch with finder.
Insurers like Budget Direct offer renter’s insurance for shared accommodation. You may see other brands that offer this type of home insurance on this page.
I hope this helps.
Please feel free to reach out to us if you have any other enquiries.
Thank you and have a wonderful day!
Cheers,
Jeni
Dear sir/madam,
I am looking to insure a family home that was built in 2000, in Sunshine West, Vic, 3020. I have been insured with API Insurance for the last 10 years and have not claimed for anything for over 10 years. Recently APIA increased the premium to $55 a month, I decided to look for a home insurance at a cheaper rate with any suitable insurance agent.
Your help in recommending a cheaper and reasonable home insurer is appreciated.
With kind regards,
G. Seifu
Hi G!
Thanks for your message and for visiting finder – the leading comparison website & general information service built to give you advice in your buying decision needs. How are you doing today?
Ideally, it’s good to continue with the insurance company you’re with at the moment since you’ve been with them since 2000.
Please note that we’re a product comparison website and we hold no affiliation with any company we feature on our site. We provide general information on products to assist you in your buying decision process hence we cannot recommend product / service that is rightfully fit for you.
Just the same, here is the page to look for cheap home insurance.
Hope this helps! Feel free to message us anytime should you have further questions.
Regards,
Nikki
I looking a home insurance
Hi Faiyaz,
Thanks for getting in touch with finder. As I read, you mentioned that you are looking for a home insurance. Would you mind letting us know exactly how we can help you further?
Thank you.
Cheers,
Jeni
i simply want to buy landlord insurance with content $30,000. The insurance must strongly protect if lost rent payment by tenant. Because i have already have insurance with RACV building and content. The property will be renting out on 23/9/2017
Hey Joyce,
Thank you for reaching out to us.
You may find useful information on this page on Landlord Insurance.
Once you’ve chosen an insurer, you may click on “Go to site” to be directed to their page where you can start your request for a quote.
As finder is an online comparison service and is not an insurer, we do not represent any of the companies featured on our pages. It would be best to get in touch with the insurer directly to clarify the details provided in their quote.
I hope this helps.
Best,
Maria
Can I have your contact number I would like to speak to a consultant
Hi Barbara,
Thanks for getting in touch. If you would like to reach Budget Direct you can call them on 1800 182 310.
All the best,
Richard
does a claim on optional extras count on your having made a claim in the last 5 years
Hi Colin,
Thanks for your question. finder.com.au is a comparison service and not an insurer. According to the Budget Direct website:
“You will not lose your No Claims Discount on renewal if:
For other claims, Budget Direct will reduce your NCD on renewal by 2 years for each claim, and your insurance cost may increase accordingly.”
I hope this was helpful,
Richard