Budget Direct Contents Insurance
Get 15% off
- Finder's Top Pick for Flexibility
- Fire, storm & theft cover
- Jewellery cover
- Home office cover
Budget Direct Contents Insurance
Get 15% off
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!
In fact, our cost research shows that you could get $20,000 worth of contents insurance for less than $25 a month – sounds like a good deal to us.
Get a quote via the table below and we'll send you straight to the brand's website. Not ready yet? Click "view details" for a comprehensive breakdown of benefits.
Contents insurance is a type of home insurance. It covers the items inside your home, such as your TV, furniture or art, without providing any cover for the actual building.
You can buy contents insurance as a standalone policy or bundle it with building insurance. Standalone policies are ideal for renters and are generally pretty affordable.
Usually, contents insurance is highly customisable. You may be able to add cover for items you take outside of the home as well as for high-value items.
Most items within your home will be covered by your contents insurance. Although they vary slightly between insurance brands, the following are some common inclusions:
Many personal effects are also covered by home insurance, including the following:
✅ Binoculars and telescopes
✅ Clothing and accessories
✅ Jewellery and medals
✅ Musical instruments
✅ Music systems and radios
✅ Sporting equipment
✅ Writing instruments
✅ Baby capsules and prams
✅ Children's toys
✅ Medical aids
✅ Cameras, video equipment and accessories
✅ Glasses, sunglasses and contact lenses
✅ Watches and clocks
✅ Non-fabric camping equipment
Contents insurance kicks in when your belongings are damaged in a specific way. These are called insured events. Take a look at the events below so you know when you'll be covered.
|Insured event||Example||Watch out for|
|Fire||A bushfire or kitchen fire||⚠️ Policies might not pay out for damage caused where there was heat but no flame. For example, smoke damage, scorching or melting.|
|Theft and attempted theft||Your home is burgled||⚠️ Your policy won't pay out if the theft was by someone who entered your home with your permission.|
|Storms and rainwater||Surface run-off water enters your home||⚠️ Unless you have flood cover, you won't be covered for water damage that's due to a body of water breaking its banks.|
|Escape of liquid||A pipe bursts||⚠️ Contents insurance is unlikely to cover the cost of the item that caused the leak.|
|Lightning||Lightning strikes your home||⚠️ The damage must be caused by a direct lightning strike or thunderbolt|
|Malicious damage||Someone breaks into your home and vandalises it||⚠️ Your policy won't pay out if the damage was by someone who entered your home with your permission.|
|Impact||A tree falls on your home or a car loses control and drives into it||⚠️ You won't be covered if you authorised a tree to be cut down and then it falls on your home.|
|Earthquake or tsunami||A tsunami hits your waterfront home||⚠️ The tsunami must be caused by an earthquake rather than by "actions of the sea".|
|Breakage of glass, ceramic and sanitary features||A mirror breaks or the glass in a display cabinet breaks||⚠️ Glass in TVs, tablets and mobile phones are generally not covered.|
|Explosion||Your water boiler explodes, destroying the furniture and belongings in the adjacent room.||⚠️ Contents insurance is unlikely to cover the cost of the item that exploded.|
|The following insured events are usually optional extras:|
|Flood||A nearby river breaks its banks, flooding your home||⚠️ This is usually an optional extra. You may have to pay more money for this cover.|
|Accidental damage||You spill red wine on the carpet or your dog knocks over your TV.||⚠️ You won't be covered for general wear and tear, including chips, scratches and dents.|
We got quotes from 14 different home insurers to find that policies can start from $23 a month.
When you get a quote from an insurer, it will probably vary from these prices because it's entirely based on the value of your stuff. But at least you get an idea, right?
Here's the rest of the research so you can see how different insurers stack up against each other on a monthly and annual basis.
|$20,000 of contents - Monthly price||$20,000 of contents - Annual price||$50,000 of contents - Monthly price||$50,000 of contents - Annual price||Get a quote|
We rounded all the quotes to the nearest dollar. The customer profile had no previous claims and a $500 excess.
For contents worth $50,000, we found a difference of $482 between the cheapest and most expensive policy. Want to start saving? Compare prices and switch policies.
That's a tough one. It really depends on how much stuff you have and how valuable it is. Here are some tips on getting an accurate estimation:
Contents insurance comes with heaps of cool benefits. Some are included as standard, while others you can pick and choose. Take a look at some examples below.
If your home is unlivable, your contents insurance will pay for emergency accommodation.
Sometimes called personal effects, this extra benefit covers the things you take outside of your home. It includes jewellery and bicycles, but not phones or laptops.
Lots of policies will pay out if an insured event ruins the food in your home. For example, a burst pipe cuts the power and everything in your freezer is ruined.
This option covers you for loss or damage to electric motors, commonly found in appliances like fridges, freezers or washing machines.
Some policies will pay a benefit if your pet suffers an injury – regardless of whether it happened inside the home or out.
Contents insurance sets a limit for the amount you can claim per item. If you have any high-value items, be sure to specify them.
For the level of protection you get, contents insurance is pretty affordable. But there are still ways to cut the cost of cover and score a serious bargain.
Shop around. We compared the cost of $50,000 worth of contents insurance and found a difference of $482 between the cheapest and most expensive policy.
Look for discounts. Insurance companies often run deals to attract new customers. You can usually get up to 15% off a new contents policy. Check them out here.
Bundle cover. Some insurance brands will reduce the cost of your premium if you have more than one type of cover. Consider bundling your car insurance to save more cash.
Pay annually. You'll usually get a discount if you pay annually rather than monthly. Some insurers will also give you a discount if you buy online rather than over the phone.
Raise your excess. Choosing a higher excess will reduce the cost of your premium, but make sure the excess is affordable. There's no point pricing yourself out when it comes to claim time.
Don't be shy. Ask the insurer if there's any way you can get a better deal. They might be able to tell you about an offer that's running or give you a price cut.
Contents insurance helps in heaps of different situations, but it won't cover everything. Here are some common exclusions to be aware of:
❌ Actions of the sea, except tsunamis
❌ Illegal activity
❌ Defects and structural faults
❌ Earth movement
Contents insurance covers most of your belongings kept inside the home. You don't need to insure the building since that's the landlord's responsibility.
It'll also cover some semi-permanent features – like air-con units, ovens and carpets – as long as you paid for them.
Check out our guide to renter's insurance for more information.
Landlord insurance covers both the fixtures and fittings inside your property.
From built-in wardrobes and shelving units to ceiling fans and kitchen countertops.
You can also add cover for malicious damage and tenant default.
Check out our guide to landlord's insurance for more information.
You could save up to 15% on the price of your policy just by taking advantage of a sign-up offer.
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.
Find out the ins and outs of art insurance and what type of cover is right for you.
Find out more about watch insurance and how to get cover.
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.