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Compare contents insurance

Contents insurance can protect your laptop, TV and sofa from things like fires, theft and accidental damage. Compare 5+ policies side-by-side and click through for quotes.

Budget Direct Contents Insurance

  • 2023 Finder award winner for value
  • Cheaper than many competitors
  • Fire, storm and theft cover
Get a quote
Promoted
1 - 7 of 8
Name Product Finder Rating
Budget Direct Contents Insurance
4.5/5★★★★★
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
4.5/5★★★★★
Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you 15% off your first year. You need to pay extra for flood cover and accidental damage.
Youi Contents Insurance
4/5★★★★★
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★★★★★
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.
QBE Contents Insurance
3/5★★★★★
Green Company
  • 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★★★★★
Our verdict: It covers essentials such as fire and theft plus comes with some good perks such as security upgrades after a burglary and up to 10% off your first year.
Honey Contents Insurance
4.5/5★★★★★
  • 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★★★★★
Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates the value of your contents. It was also a finalist for the comprehensive category in the Finder Awards.
Australia Post Contents Insurance
3.5/5★★★★★
  • 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★★★★★
Our verdict: Covers common claims such as fire, storms and water damage. Like most contents policies, you need to pay extra for accidental damage cover.
Kogan Contents Insurance
3.5/5★★★★★
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★★★★★
Our verdict: Good comprehensive cover (issued by QBE). Also, get a 6% discount off your first year plus $10 ongoing monthly credit. T&Cs apply.
Qantas Contents Insurance
4.5/5★★★★★
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
4.5/5★★★★★
Our verdict: Earn up to 30,000 Qantas Points with every Qantas Home Insurance policy you take out by 28 May. T&Cs and exclusions apply.
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What is contents insurance?

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.

What does contents insurance cover?

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:

  • Bicycles
  • 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
  • Cosmetics
  • Medical aids
  • Cameras, video equipment and accessories
  • Glasses, sunglasses and contact
  • Watches and clocks
  • Non-fabric camping equipment

When am I covered?

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 eventExampleWatch out for
FireA 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 theftYour home is burgled⚠️ Your policy won't pay out if the theft was by someone who entered your home with your permission.
Storms and rainwaterSurface 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 liquidA pipe bursts⚠️ Contents insurance is unlikely to cover the cost of the item that caused the leak.
LightningLightning strikes your home⚠️ The damage must be caused by a direct lightning strike or thunderbolt
Malicious damageSomeone 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.
ImpactA 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 tsunamiA 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 featuresA mirror breaks or the glass in a display cabinet breaks⚠️ Glass in TVs, tablets and mobile phones are generally not covered.
ExplosionYour 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:
FloodA 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 damageYou 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.

How much does contents insurance cost?

We got quotes from 14 different home insurers and found that policies can start from $23 a month.

Picture not described

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 priceGet a quote
St. george logo$44.88538.63$54.11$649.33More info
Picture not described$44.88538.63$54.11$649.33More info
Everyday Insurance$39.18$419.75$44.57$477.54More info
Picture not described$19.94$191.08$25.91$250.81More info
Real insurance logo$37.26$399.16$42.39$454.10More info
Coles Insurance$31.80$307.22$40.09$394.33More info
Domain insure$24.65$281.70$25.88$295.78
GIO Logo$25.05$250.51$31.07$310.75More info
Picture not described$59.47$713.64$72.59$871.02More info
Budget Direct Logo$34.72$351.27$37.99$380.30Get quote
Picture not describedING Home Insurance Logo$33.31$336.05$35.69$360.82More info
Virginmoney logo$35.04$354.78$38.29$384.11More info
NRMA logo$39.19$413.23$44.68$479.08More info
Huddle home insurance$38$400$43$454More info
Qantas Life Insurance Logo$39.51$396.62$42.35$429.39Get quote
Australian seniors$33.12$354.80$37.68$403.66More info
Picture not described$32.81$354.29$35.16$379.76Get quote

We rounded all the quotes to the nearest dollar. The customer profile had no previous claims and a $500 excess.

Learn more about our methodology
  • Quotes were obtained for the same 3-bedroom New South Wales home in Baulkham Hills owned by a family of 2.
  • The homeowning family moved into their property in 2019.
  • Quotes were obtained in November 2021 and were for contents insurance only.
  • The house was a 3-bedroom, 1-story freestanding house on flat ground with brick veneer walls, terracotta tiled roof, no verandas and built in 1980.
  • Windows were secured by deadlocks, with no security devices.

Want to save hundreds of dollars?

For contents worth $50,000, we found a difference of $620.21 between the cheapest and most expensive policy. Want to start saving? Compare prices and switch policies.

How much contents insurance do I need?

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 estimate:

  • Go from room to room, listing and valuing every item
  • Take photos when you're doing this or collect receipts if possible
  • Use a contents insurance calculator online
  • If you still have concerns, consider using an expert
Remember: Contents insurance covers everything from simple cosmetics and toiletries to expensive furniture and artwork. Try not to overlook anything.

How can I get the most out of contents insurance?

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.

House

Temporary accommodation

If your home is unliveable, your contents insurance will pay for emergency accommodation.

Milk

Food spoilage

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.

No pets allowed

Vet's expenses

Some policies will pay a benefit if your pet suffers an injury – regardless of whether it happened inside the home or out.

Trolley

Specified items

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.

How to save on contents insurance

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.

What isn't covered by contents insurance?

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
  • Asbestos
  • Illegal activity
  • Defects and structural faults
  • Earth movement
  • Wear and tear
  • Neglect
  • Repossession
  • Vermin
Unpacking boxes in new home

Contents insurance for renters

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.

Home finances

Contents insurance for landlords

Landlord insurance covers both the fixtures and fittings inside your property, including built-in wardrobes, shelving units, 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.

Compare contents insurance deals for May 2024

You could save up to 15% on the price of your policy just by taking advantage of a sign-up offer.

Deal

15% online discount on contents insurance

Save 15% on your first year's premium when you purchase cover online. T&Cs apply.
Deal

Get 10% off your first years’ premium with QBE Contents only Insurance

Discount is for new customers who sign up online. Terms and conditions apply.
Deal

6% off on your premium for the first year + $10 credit

Sign up online and get 6% off your policy for the first year plus $10 ongoing monthly credit. T&Cs apply.

Why you can trust Finder's home insurance experts

free

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.
expert advice

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.
independent

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.
help

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.

Other questions you might have about contents insurance

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