Budget Direct Home & Contents Insurance
Get 30% off
Finder's Top Pick for Most Popular
We did some research and found that you can save up to $1,653 just by comparing quotes of your home and contents insurance policy.
This covers the physical structure of your home. It also includes any permanent fixtures like air conditioning units and TV satellites.
This covers the cost of your belongings that may have been lost or damaged because of an insured event. It includes things like your entertainment system, furniture and even food.
Based on our research, the cheapest home and contents insurance policy was $118. This premium was based on a home in New South Wales with contents worth $100,000.
While this is the cheapest price based on our quotes, it's probably going to be different for your home.
Prices are completely dependent on the value of your home and your stuff. The research below can help you compare between brands and show the difference in price when paying monthly versus annually.
To find out more, you can also head to our guide on average home insurance costs for a state-by-state breakdown.
| Brand | $500,000 Building - Monthly price | $500,000 Building - Annual price | $1,000,000 Building - Monthly price | $1,000,000 Building - Annual price | Get quote |
|---|---|---|---|---|---|
 | $194.21 | $2,330.61 | $309.39 | $3,712.66 | More info |
 | $194.21 | $2,330.61 | $309.39 | $3,712.66 | More info |
 | $155.72 | $1,668.37 | $227.42 | $2,436.63 | More info |
 | $168.39 | $1,667.29 | $262.38 | $2,607.20 | More info |
 | $147.92 | $1,584.75 | $216.10 | $2,315.21 | More info |
 | $159.72 | $1,835.16 | $328.85 | $3,864.84 | More info |
 | $117.75 | $1,412.97 | $144.64 | $1,735.63 | |
 | $187.94 | $1,879.46 | $289.68 | $2,896.83 | More info |
 | $133.65 | $1,603.82 | $133.65 | $1,603.82 | More info |
 | $160.98 | $1,615.51 | $211.01 | $2,140.13 | Get quote |
 | $163.18 | $1,631.68 | $212.94 | $2,161.54 | More info |
 | $163.20 | $1,631.68 | $212.95 | $2,161.54 | More info |
 | $156.10 | $1,816.20 | $177.19 | $2,069.30 | More info |
 | $145.00 | $1,552.00 | $212.00 | $2,269.00 | More info |
 | $183.28 | $1,834.17 | $239.36 | $2,429.81 | Get quote |
 | $129.77 | $1,390.36 | $189.57 | $2,031.09 | Get quote |
 | $138.01 | $157.45 | $1,490.54 | $1,889.37 | Get quote |
Getting home and contents cover is a no-brainer. You've probably sacrificed a lot to save up a deposit and pay down your mortgage, so why would you risk losing it all? Here's why it's worth every cent.
Because life happens, and that's okay!
Unexpected things happen and there's nothing we can do about it, but getting a home and contents insurance policy will help you prepare for it.
Because replacing everything will cost you.
Look around you, how much was the sofa you're sitting on? The TV you're staring at? The laptop you're using?
Because it's the smart thing to do.
You've worked hard to become a homeowner. It's probably one of the biggest financial decisions of your life – it makes sense to protect it.
Because it's a small price to pay for peace of mind.
Think about the cost of your home, and all your stuff. The price of a home insurance policy is only a fraction of this.
We'd love to tell you what the best policy is, but the truth is, only you can know that. It will depend entirely on your home and what you want to protect.
But here's what we can do.
We can help you figure out what the best policy is for you, and can let you know who our most popular home insurance brands are.
A home and contents insurance policy will generally cover events that could lead to your financial loss. You can find these events in your product disclosure statement (PDS), but they usually include events like fires, storms, theft and vandalism.
Here are some examples where the right home and contents insurance policy can cover you.
You definitely can. Most home insurers will offer optional add-ons during the application process so you can get the most tailored policy to your needs.
Common add-ons include:
All insurance policies will have general exclusions but they might not be the same. That's why it's important to check over your PDS to make sure you understand what is and what isn't covered under your home and contents insurance policy.
General exclusions can vary between insurers, but here are some common ones.
Many of the individual benefit categories (flood, fire, theft, etc) will have their own individual exclusions, so make sure you're fully across those as they apply to your specific policy.
It's important that you're happy with your home and contents insurance, and that means being happy with the price too.
Here are our tips on how to save money on a policy:
Save up to 20% on a combined home & contents policy from Australian Seniors
Receive $250 worth of smart sensors with Honey Home Insurance
30% online discount on new home and contents insurance
22% off on your premium for the first year + $10 credit
Earn up to 50,000 Qantas Points with Qantas Home Insurance
Get up to 20% off your first year's premium with QBE Building and Contents Insurance
We hate to be the bearers of bad news but according to the Insurance Council of Australia, 83% of Aussies don’t have enough insurance cover for their combined home and contents. This is known as underinsurance and it can be almost as bad as not having insurance at all.
Let’s say your home and everything in it was worth $2 million and a fire destroyed it all. Having your stuff insured for half that would help, but you’d still be reeling.
Here are some tips to help you avoid this fate:
Making a claim is usually straightforward. Here's what you need to do:
Receive a quote for home and contents insurance
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Find out how home insurers cover temporary accommodation.
Looking for home and contents insurance in Tasmania? Find the right policy here.
