Our verdict
Pros
- Get up to $2,500 for guest contents - some brands, including AAMI and QBE, don't offer anything.
- Cover for solar panels, storm surge, and flood are all included as standard.
- People First Bank is member-owned, so profits are reinvested back into the business to benefit members.
Cons
- Cost research into over 45 home insurance brands found People First Bank was one of the most expensive on the market.
- On average, an annual policy with People First Bank cost $3,533 while the national average was only $2,780.
- With no option to remove many benefits, you may be paying for perks you don't want or need.
