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.
How does Ozicare compare with other popular providers?
Price
Cost research into over 40 home insurance brands found that Ozicare was among the cheapest. Only three brands - AAMI, Budget Direct and Virgin - 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
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.
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.
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