What is the cheapest home insurance?

According to 2025 Finder research, AAMI offers some of the cheapest home and contents insurance . However, this should be used as a guide only - your own quote will depend on your suburb, home and other personal details.

Who has the best home insurance?

2025 Finder research found that AAMI has some of the best value home insurance, while Australia Post has some of the best coverage home insurance. Basically, that means AAMI offers a lot for a competitive price while Australia Post is better for those who want a really comprehensive policy and are happy to pay a bit more for it.

What types of home insurance deals are commonly available in Australia?

In Australia, common home insurance deals include percentage discounts (e.g., 10% off your first year's premium), multi-policy discounts when bundling home and car insurance, online application discounts and sometimes limited-time cashback offers or gift cards. Some insurers also offer loyalty discounts for renewing customers, although new customer offers are often more prominent.

How often do Australian home insurance providers offer new deals?

Home insurance providers in Australia frequently update their deals, with new offers often emerging seasonally, around major holidays or at the start of a new financial year. It's common for insurers to have ongoing promotional offers, but specific, time-limited deals can appear throughout the year, making it worthwhile to compare regularly.

Can existing home insurance customers get a deal, or are offers typically only for new customers?

While many of the most attractive deals are designed to entice new customers, existing customers in Australia can sometimes secure better rates or loyalty discounts by contacting their current insurer directly, especially at renewal time. Comparing your existing policy with current market offers from other providers can also give you leverage to negotiate or find a better deal elsewhere.

What factors should I consider when comparing home insurance deals beyond just the price?

When comparing home insurance deals in Australia, it's crucial to look beyond just the discounted price. Consider the level of coverage offered (e.g., accidental damage, flood, earthquake), the excess amount you'd pay in a claim, specific exclusions, policy limits for valuable items and the insurer's claims service reputation. A cheaper deal might mean less comprehensive cover or a higher excess, which could cost more in the long run.

Are there specific exclusions or limitations commonly associated with cheaper home insurance deals?

Yes, cheaper home insurance deals in Australia can sometimes come with specific exclusions or limitations. These might include higher excesses on certain claims (e.g., flood or bushfire), lower limits for valuable contents, fewer optional extras included as standard (like pet damage or motor burnout), or stricter requirements regarding home security. Always review the Product Disclosure Statement (PDS) carefully to understand the full terms and conditions.

How can I ensure I'm eligible for the best home insurance deals?

To improve your eligibility for the best home insurance deals in Australia, consider factors like improving home security (e.g., installing alarms or deadlocks), increasing your excess (which lowers premiums but increases out-of-pocket costs at claim time), bundling multiple insurance policies with the same provider and maintaining a good claims history. Always provide accurate information to get a precise quote tailored to your circumstances.

Is it always beneficial to switch home insurance providers for a new deal?

Switching home insurance providers for a new deal can often save you money, but it's not always beneficial for everyone. You should weigh the potential savings against factors like losing any loyalty benefits or no-claims bonuses with your current insurer, the administrative hassle of switching and ensuring the new policy offers comparable or better coverage. Always ensure there are no gaps in your cover during the transition.