Ozicare Home Insurance review

A summary of how the provider compares to others in the market 

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By

Nicola Middlemiss

Updated

Fact checked

Key takeaways

  • Ozicare home insurance is often cheaper than the national average by almost $1,000 annually.
  • Standard jewellery cover at $5,000 is less than the national average of over $6,000.
  • Consider optional underinsurance protection which Ozicare offers, a benefit not universally available.

Our verdict

Pros

  • Cost comparison of over 40 brands found Ozicare was among the cheapest.
  • Research showed the average annual Ozicare home insurance policy was almost $1,000 less than nationwide average.
  • Choose to add optional underinsurance protection - a benefit not offered by all brands.

Cons

  • Only $5,000 is covered as standard for jewellery - the national average is over $6,000 and some brands offer over $10,000 including Bupa and Guild.
  • There's no cover for storm surge or environmental upgrades, widely offered elsewhere.
  • Many benefits are optional, so if you want a more comprehensive policy, expect your premium to go up.

Price

Cost research into over 40 home insurance brands found that Ozicare was among the cheapest. Only a few brands, including AAMI and Budget Direct, offered cheaper cover. The average annual home insurance policy quote was around $2,780 while Ozicare's was almost $1,000 cheaper at $1,836.

However, remember your quote could be significantly different, as pricing is based on the specific details of your home and its contents

ProviderAverage costApply
Ozicare logo$1,836.13
Youi logo$3,017.43
$1,784.72
AAMI Logo$1,538.56
NRMA logo2,188.66

Methodology

Compare Ozicare home insurance policies

Finder Score Home Contents Cover Building Cover Sum Insured Safeguard
Ozicare Home Insurance logo
9.3 Excellent
Ozicare Home & Contents Insurance
9.3 Excellent
Yes
Yes
Optional
View details
Compare product selection
Ozicare Home Insurance logo
9.1 Excellent
Ozicare Contents Insurance
9.1 Excellent
Yes
No
View details
Compare product selection
Ozicare Home Insurance logo
9 Excellent
Ozicare Building Insurance
9 Excellent
No
Yes
Optional
View details
Compare product selection
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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.

Read the full methodology

What additional cover options are available?

Ozicare offers lots of optional covers to increase the strength and span of your policy. They include:

  • Unspecified personal effects: Cover for personal items that you or family members might take with you away from home.
  • Specified personal effects: Cover for higher value personal items that are taken with you away from home.
  • Motor burnout: Loss or damage to electric motors, including food spoilage if you have contents insurance.
  • Commercial storage: For content insurance holders who want to store some belongings away from home.
  • Flood: Flood is not automatically covered but you can apply for optional cover if you wish.
  • Accidental damage: Protection for accidents, and cover for scorching, melting, smoke, or soot that isn't covered under fire.
  • Landlord cover: Options for tenant default and theft and malicious damage.
  • Sum insured safeguard: An increase of your home insurance sum insured by up to 25%.

How to make a claim

To make a claim on your Ozicare home insurance policy, call 1800 064 985.

FAQs

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Journalist
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Nicola Middlemiss is a journalist with nearly a decade of experience in personal finance and insurance. She has contributed to Domain, Yahoo Finance, Money Magazine and Insurance Business Australia, offering in-depth insights into commercial insurance in the Australian market. Nicola holds a Bachelor’s degree in English from the University of Leeds and a Tier 1 General Insurance (General Advice) certification, which complies with ASIC standards. See full bio

Nicola's expertise
Nicola has written 170 Finder guides across topics including:
  • Personal finance
  • Personal insurance, including car, health, home, life, pet and travel insurance
  • Commercial business insurance
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