Finder makes money from featured partners, but editorial opinions are our own.

Apartment Insurance

Apartment insurance could give you $20,000 worth of protection, for as little as $23 a month.

1 - 7 of 10
Name Product Finder score
Huddle Comprehensive 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★★★★★
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.
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.
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.
loading

What does apartment contents insurance cover?

Here are some of the main things in your apartment that contents insurance can help protect.

Old desk with laptop

Your personal valuables

Includes damage or theft to your laptop, TV, designer clothes, jewellery and more.

Bathroom with modern sink

Permanent fixtures

Covers additions to your apartment like bathroom vanities, stovetops and air conditioners.

Spoiled wine in living room

Accidental damage

Cover for mishaps like spilled wine, a smashed TV screen or a burst water pipe.

How much is apartment insurance? Compare quotes for contents insurance.

Here are some quotes on contents insurance so you can get an idea on pricing depending on the value of your belongings. You can also get a direct quote to match your needs.

$20,000 of Contents - Monthly price$20,000 of Contents - Annual price$50,000 of Contents - Monthly price$50,000 of Contents - Annual priceGet quote
St. george logo$44.88538.63$54.11$649.33
Picture not described$44.88538.63$54.11$649.33
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$454.10
Coles Insurance$31.80$307.22$40.09$394.33
AAMI logo$30$300$38$374More 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$871.02
Budget Direct Logo$34.72$351.27$37.99$380.30
Picture not describedING Home Insurance Logo$33.31$336.05$35.69$360.82More info
Virginmoney logo$35.04$354.78$38.29$384.11
NRMA logo$39.19$413.23$44.68$479.08More info
Huddle home insurance$38$400$43$454
Qantas Life Insurance Logo$39.51$396.62$42.35$429.39
Australian seniors$33.12$354.80$37.68$403.66More info
Picture not described$32.81$354.29$35.16$379.76

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 three-bedroom New South Wales home in Baulkham Hills owned by a family of two.
  • Homeowning family of two who moved into their property in 2019.
  • Quotes were obtained in November 2021 and were for contents insurance only.
  • Three-bedroom, one story freestanding house on flat ground with brick veneer walls, terracotta tiled roof, no verandas and built in 1980.
  • Windows secured by deadlocks, with no security devices.

Do I need home insurance for my apartment?

Legally, you're not required to have insurance for your apartment. However, it's a good idea to take out a policy if you have any expensive items that you'd like to protect.

Tenant

I'm a tenant

Lots of renters could benefit from contents insurance. If your home is burgled or a water pipe bursts and ruins your things, contents insurance can help you foot the bill.

Home owner

I'm an owner-occupier

Your apartment building is likely covered by strata, but you may want to add fixtures and fittings cover, as well as contents insurance. That way, you'll be covered for things like a damaged air-conditioner, as well as your belongings.

Landlord

I'm a landlord.

If you're renting your apartment out, you should look at landlord insurance.

Ready to compare apartment insurance?

Compare brands side-by-side to make sure you get the right cover for your apartment. Get a new policy or switch your existing policy to save money.

Compare now

Why is contents insurance important if you live in an apartment?

Contents insurance is important for anyone who has items in their home which would be expensive to replace. It doesn't matter whether you live in a studio apartment or a three-story townhouse, contents insurance is worth considering. It can protect everything from your TV and audio equipment, to expensive jewellery and designer clothing.

How to reduce the cost of apartment insurance?

There are many ways to reduce the cost of home insurance, like increasing your excess and taking advantage of discounts. If you live in an apartment, there are a few extra things to consider when trying to save.

  • If your building has security. How secure is your apartment building? Are there gated stairwells? Can guests only gain access to the complex or to the lifts with a key or a card, or can anyone just wander in off the street at any time? The more secure your apartment is, the smaller the risk of theft or burglary and the more affordable your premiums will be.
  • If doors lock automatically. Doors that lock automatically when shut are another simple measure that can greatly increase the security of a building and make it harder for uninvited strangers to get in.
  • If you're on a higher floor. As a general rule, the higher up your apartment is, the less likely you are to be broken into. This can help lower your apartment contents insurance premium.
  • If you don't have a balcony. Burglars gaining access to apartments through unlocked balcony doors is a lot more common than you might think, so apartments without balconies generally tend to be cheaper to insure.

What can I do to protect my apartment?

Insurance will only help cover you for accidents and the unexpected. It won't help if the damage is caused by your own neglect. Here are some tips to help prevent damage and loss to your apartment.

Broom

Regular maintenance of the apartment will help you identify areas of wear and tear before they cause problems.

Lock

Increasing security with security doors and surveillance cameras can help deter thefts.

Screw driver

Hiring professional handymen to help with more technical jobs can save you time and stress.

Compare apartment insurance now

Why you can trust Finder's home insurance experts

freeYou pay nothing. Finder is free to use. And you pay the same as going direct. No markups, no hidden fees.
expert adviceYou save time. We spend 100s of hours researching home insurance so you can sort the gold from the junk faster.
independentYou can trust us. We say it like it is. We aren't owned by an insurer and our opinions are our own.

Frequently asked questions


Read more:

Nicola Middlemiss's headshot
Senior writer

Nicola Middlemiss is a contributing writer at Finder, with a special interest in personal finance and insurance. Formerly a business and finance journalist, Nicola has written thousands of articles helping Australians better understand insurance and grow their personal wealth. She has contributed to a wide range of publications, including Domain, the Educator, Financy, Fundraising and Philanthropy, Insurance Business, MoneyMag, Mortgage Professional, Yahoo Finance, Your Investment Property, and Wealth Professional. Nicola has a Tier 1 General Insurance (General Advice) certification and a Bachelor's degree from the University of Leeds. See full bio

Nicola's expertise
Nicola has written 237 Finder guides across topics including:
  • Personal finance
  • Personal insurance, including car, health, home, life, pet and travel insurance
  • Commercial business insurance

More guides on Finder

  • Home insurance for first-time buyers

    An easy explanation of home insurance for first home buyers.

  • Pool insurance

    You can get swimming pool insurance included with most home and contents insurance policies. Find out who provides cover and what insurance you need.

  • Single item insurance

    Want to protect important items like your phone and laptop but reluctant to fork out on contents insurance? Single item insurance might be for you.

  • Home insurance for water damage

    Find out how home insurance can cover water damage and how to avoid some of the pitfalls. 

  • Camera insurance

    Camera insurance is a must-have if you carry a lot of expensive gear. Find out how to get cover through either contents insurance or speciality camera insurance.

  • How much does home insurance cost in Australia?

    Discover what impacts the cost of home insurance and how to get the right protection with this handy guide.

  • Home Insurance NSW

    Home insurance protects you, your home, and your family from a range of unexpected events. Finding the right home and contents insurance in NSW is no easy task. This guide will teach you what to look for in a policy.

  • Motor burnout insurance

    Motor burnout covers those big appliances in your home in the event that they let you down. This article will show you what it is, why it's important and how much it can cost you.

  • Storm damage insurance

    Protect your home against storm, flood and rainwater damage with the help of this comprehensive guide.

  • Home Warranty Insurance

    Home warranty insurance, also known as builders warranty insurance and home indemnity insurance, is designed to offer protection for homeowners against faulty building work.

Ask a question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site