How much does home insurance cost in Australia?
How much you'll pay for home insurance depends on where you live, your sum insured and your insurer.
Key takeaways
- Home insurance premiums have risen sharply in recent years, making them one of the fastest-rising household bills.
- The same home can be quoted wildly different prices by different insurers, so comparing is the single best way to save.
- Where you live and your sum insured are the two biggest factors driving what you'll pay.
The cost of home insurance in Australia
Our team of home insurance experts gathered quotes from more than 40 home and contents insurance providers in March 2026, collecting quotes across NSW, VIC, QLD, SA and WA. To show you how much costs can vary, we've rated 10 popular providers from $ (among the cheapest in that state) to $$$ (among the most expensive), based on the quotes we collected.
Rather than quote exact dollar figures, we've used price ratings because home insurance pricing is incredibly specific to your property. Two homes on the same street can be quoted differently based on construction materials, elevation, size and claims history, so a single dollar figure isn't always the best way to do it.
Keep in mind this is a guide only. Your own quotes will differ based on your location, your home and your personal history.
| Provider | NSW | VIC | QLD | SA | WA |
|---|---|---|---|---|---|
| AAMI | $ | $ | $ | $ | $ |
| GIO | $ | $ | N/A | N/A | $ |
| Apia | $ | $ | $ | $ | $ |
| NRMA | $ | N/A | $$ | $ | $ |
| Budget Direct | $$ | $$ | $ | $ | $$ |
| QBE | $$ | $ | $$ | $ | $$ |
| Allianz | $$ | $$ | $$ | $$ | $$ |
| Youi | $$$ | $ | $$$ | $ | $ |
| IMB | $$ | $$ | $$$ | $$$ | $$$ |
| ahm | $$$ | $$$ | $$$ | $$$ | $$$ |
$ = among the cheapest quotes we collected in that state. $$ = mid-range. $$$ = among the most expensive. Based on 2 quotes per state, per provider, collected in March 2026 for a home insured for $600,000 with $100,000 contents cover. Your own quotes will differ.
To learn more about how we analyse policies and gather quotes, you can read our Finder Score methodology.
Is the cost of home insurance going up?
Sadly, yes, and it's one of the fastest-rising bills in the country. Analytics firm Finity found the average home insurance premium has climbed 51% in 5 years, rising from around $1,940 in 2020 to $2,938 by late 2025.
Location makes a big difference to how hard the increases hit. As at late 2025, Finity's data showed Darwin had the most expensive average capital city premium at around $4,015 a year, with Sydney close behind at $3,964, while homes in lower-risk suburbs pay far less.
Our expert says
"Yes, home insurance premiums are going up. It's normal for a policy to increase year on year but homeowners are noticing this price hike is a bit more extreme. Home insurance costs are seeing a steep rise due to things like inflation and global warming. Think about all the natural disasters Australia has been hit with in recent years; floods, bushfires, extreme winds and storms. Every time something like this happens, there's a string of home insurance claims that are made. This all plays a factor in how much home insurance costs in future."
How to save on your home insurance premiums
The price hike is somewhat inevitable but the good news is, there are still ways to save. Contrary to popular belief, you don't just have to pay whatever amount your insurer quotes you at renewal time.
- Shop around. You won't know what's out there if you don't bother to get a few more quotes and check. If you get about 5 different quotes then that'll give you a good idea of what's available.
- Get on the phone. Your current insurer will typically be really interested in keeping you as a customer. If you call them and tell them that your quote for renewal is out of your budget and ask if there's any flexibility on the price, they'll likely lower it for you on the spot. It's a great way to save if you're happy with the service of your current provider, but not the cost.
- Look for sign up discounts. Lots of insurers have online sign up and deals and discounts available for new customers, especially if you're buying home and contents insurance (rather than a building only policy). These can be quite generous and save you hundreds.
"When buying my first home, I knew home insurance was a must, but had no idea how the costs worked. I quickly worked out that my policy premium was really impacted by two major things - the location and the 'sum insured'. I used the Insurance Council building calculator to work out exactly how much it would cost to re-build my home. Turns out, I'd over-insured in the first year, so reduced my policy by $50,000 coverage which knocked $200 off my annual bill."
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Hi, are the Home Insurance quote comparisons for Home and Contents or just Builders Insurance?
Hi Linda, The quotes are home and contents, not builders insurance.
If the average price of house insurance is $2000/pa, how can I find out why my house insurance is $4400/pa for a less than average and very basic house.
Is there a direct comparison e.g. a house worth $500 000 to replace should have a premium of $ per $100 000?
Hi Nerida,
Every insurer prices insurance differently based on their own risk calculations, the number of claims they’ve paid out and other factors, so the exact same cover can vary widely in price, depending on which insurer you’re with. There’s a good chance you can get a better deal by shopping around. I compare every year – a couple of years ago, I compared and got my home insurance down from $4,300 to $2,900. This year, my premium went up by $2,000 so I shopped around again and got it for around $3k. You can compare some options here, and also contact your insurer to make sure they’re giving you their best possible deal.
Hope this helps!
Hi May i have an estimate of a $25,000 contents only insurance plus $15,000 jewellery
Regards Gill
Hi Gill,
We’re a comparison site so we don’t offer insurance directly, but you can enter your details and compare your options here:
https://www.finder.com.au/home-insurance/home-and-contents-insurance
Hope this helps!