Home insurance provides essential protection against a wide range of unexpected events and mishaps, from fire and storm damage to flood, falling trees and theft. Take your pick with a bunch of home insurers offering cover to New South Wales - you'll be spoilt for choice.
Our guide can help you figure out the right policy for your home in New South Wales.
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How we picked theseWe crunch eligible home insurance products in Australia to see how they stack up. We rank over 50 products on 16 different features, including price. We end up with a single score out of 10 that helps you compare home insurance a bit faster. We assess home and contents, building only and contents only products individually.
The Finder Customer Satisfaction Awards recognise Australia's favourite brands across a huge number of categories. We survey thousands of real Australians to understand how they feel about their recent product purchases, and use that information to reward the most popular brands.
Here is our 2024 winner and finalists for home insurance in NSW.
NRMA Home Insurance came in first place in NSW. It scored 4.45/5 overall, 4.3/5 for value for money and 4.4/5 for customer service. 97% of Australians surveyed said they believe NRMA is a reliable brand.
Loved Brand 
Youi home insurance came in second place in NSW. It scored 4.42/5 overall, 4.2/5 for value for money and 4.5/5 for customer service. 94% of Australians surveyed said that they trust Youi.
Youi home insurance came in second place in NSW. It scored 4.42/5 overall, 4.2/5 for value for money and 4.5/5 for customer service. 94% of Australians surveyed said that they trust Youi.
AAMI home insurance came in third place in NSW. It scored 4.36/5 overall, 4.1/5 for value for money and 4.3/5 for customer service. 94% of Australians surveyed said that they trust AAMI.
AAMI home insurance came in third place in NSW. It scored 4.36/5 overall, 4.1/5 for value for money and 4.3/5 for customer service. 94% of Australians surveyed said that they trust AAMI.
There are several reasons why home insurance is essential for every Australian homeowner, including:
NSW residents may also be exposed to a number of specific risks and it’s important to make sure you’ll be covered before taking out a policy.
Residents of some areas of northern NSW may need protection against flood and storm damage, while those in rural areas may benefit from protection against bushfires.
On the other hand, apartment dwellers living in Sydney will need to make sure any policy they choose has adequate cover for a strata-titled property.
Before deciding on the best home insurance policy for you, you’ll need to consider a wide range of factors. How much cover do you need? Do you want buildings only cover or cover for your contents as well? How much would it cost to replace my home and contents if they were completely destroyed?
You can get the same insurance as any other state. There are three types of home insurance available in NSW:
Building-only insurance
Also referred to as building or building-only insurance, covers your physical buildings against loss or damage.
Contents insurance
Contents-only policies cover the cost of repairing or replacing your household items and possessions.
Home and contents insurance
Home and contents insurance allows you to combine building insurance and contents insurance under one comprehensive policy.
The price of home insurance is calculated based on your home, so it's a bit hard to give you a solid answer. Instead, we got a bunch of quotes for two homes in Baulkham Hills, NSW. One worth $500,000 and another worth $1,000,000 - this way you have a ballpark figure at least.
It's also important to consider the factors that can affect the cost of your home insurance policy. These include:
| 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 |
|---|---|---|---|---|---|
 | $160.98 | $1,615.51 | $211.01 | $2,140.13 | |
 | $163.20 | $1,631.68 | $212.95 | $2,161.54 | |
 | $194.21 | $2,330.61 | $309.39 | $3,712.66 | |
 | $117.75 | $1,412.97 | $144.64 | $1,735.63 | |
 | $194.21 | $2,330.61 | $309.39 | $3,712.66 | |
 | $155.72 | $1,668.37 | $227.42 | $2,436.63 | |
 | $168.39 | $1,667.29 | $262.38 | $2,607.20 | |
 | $147.92 | $1,584.75 | $216.10 | $2,315.21 | |
 | $159.72 | $1,835.16 | $328.85 | $3,864.84 | |
 | $187.94 | $1,879.46 | $289.68 | $2,896.83 | |
 | $163.18 | $1,631.68 | $212.94 | $2,161.54 | |
 | $156.10 | $1,816.20 | $177.19 | $2,069.30 | |
 | $145.00 | $1,552.00 | $212.00 | $2,269.00 | |
 | $183.28 | $1,834.17 | $239.36 | $2,429.81 | |
 | $129.77 | $1,390.36 | $189.57 | $2,031.09 | |
 | $138.01 | $1,490.54 | $157.45 | $1,889.37 |
Home and contents insurance providers in Australia generally don’t confine their policies to just one state or territory. With this in mind, you can compare and choose cover from a wide variety of insurance providers. finder.com.au’s panel includes an extensive selection of leading Australian insurers, including:
Every home insurance policy has a list of general exclusions with situations, events and circumstances in which your insurer will not provide any cover.Common exclusions you may need to watch out for include:
You can find out more about common home insurance exclusions in this handy guide. It’s also important to be aware of a couple of extra charges that affect home insurance in NSW:
There are many factors to consider when choosing home insurance in NSW, but if you’re willing to shop around and compare your options you’ll soon be able to find the perfect policy for your needs.
* The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.
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