IMB's average annual home insurance premium is around $3,033, about 10% above the market average.
Consider a 30% No Claim Bonus after five years or a 10% online discount for new policies.
Guest contents cover is limited to $750, with no underinsurance protection available unlike many insurers.
Our verdict
Pros
Get a No Claim Bonus of up to 30% if you haven't claimed for 5 years.
Flexible payment options - pay monthly at no extra cost.
Get 10% of your first year's premium if you buy a home and contents policy online.
Cons
Only $750 is covered for guest contents, while some brands cover up to $7,000.
There's no choice to add underinsurance protection, a popular benefit offered by around 40% of insurers.
The 14-day cooling off period is shorter than most, with some brands offering up to 30 days.
How does IMB compare with other popular providers?
Price
Finder cost research that compared over 40 home insurance brands found that IMB's policies were around 10% higher than average, at an average of $3,033 a year. But remember, the price of your own policy could be vastly different, as quotes are based on the specific details of your home.
These products offer a balance between low pricing and more features.
7+
Great
Competitive products within their group.
5+
Standard
Usually these products would either have fewer benefits or higher pricing.
0+
Basic
Offering basic cover with limited features or higher pricing.
Finder Score - Home insurance
We 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.
There are several additional covers available with an IMB home insurance policy, including:
Accidental damage: Available for both buildings and contents, this benefit covers damage, caused unintentionally. For example, spilling a tin of paint on your carpet.
Motor burnout: Available for both buildings and contents, this covers repair or replacement of certain electrical items, if an electrical current damages your household electrical motors.
Domestic worker's compensation cover: Only offered in Tasmania, WA and the ACT, this covers you if a domestic worker suffers an injury or illness due to the work at your home.
Portable contents: Available for both buildings and contents, this covers loss or damage to personal items designed to leave your insured address, such as a handbag or jewellery.
How to make a claim
To claim on your IMB home insurance policy, you can complete an online form or give Allianz a call on 1300 555 030. Before you start your claim, you should have details on hand including reasonable proof of loss, your policy information, information about the incident, details about the loss or damage, and information about anyone else involved.
IMB home insurance complaints information
IMB home insurance is provided by Allianz Australia Insurance. In the 2024-2025 financial year, the Australian Financial Complaints Authority (AFCA) received 765 complaints in relation to Allianz' home building insurance and 138 in relation to its home contents insurance. However, the insurer is one of the largest in the country and its complaints numbers are similar to that of other very large insurers, including QBE, which received a combined 738 complaints for its home and contents cover.
Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year.
See full bio
A home insurance calculator can give you a rough estimate on the value of your home and contents. But is that what you really want? Find out how to not underinsure or overinsure your home.
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