Westpac home insurance is often cheaper than competitors, offering monthly payments at no extra cost.
An automatic sum insured safeguard is included, which many other insurers charge extra for.
Westpac's underwriter, Allianz, recorded fewer home insurance complaints than some larger insurers.
Our verdict
You get a sum insured safeguard automatically included; it's a financial safety net in case you're accidentally underinsured. Most insurers available on Finder make you pay extra for this or don't even offer you the option.
Its $20,000,000 legal liability limit is likely to be enough for most but some insurers offer up to $10 million more.
Compare other products
We currently don't have that product, but here are others to consider:
Looking for other options? Check out these similar products.
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.
With Westpac home insurance, you have the choice of a combined home and contents insurance policy, building insurance, contents insurance and landlord insurance. You can also choose from essential, quality and premier care options.
Here's a quick overview of the main insured events you'll be covered for with Westpac home insurance.
All policies come with a basic excess. You can opt to pay as little as $500 or as much as $10,000. They also come with a cooling off period of 14 days. If you cancel your policy within this time frame, you can get a full refund.
Here's a breakdown of Westpac home insurance features
Westpac home insurance has loads of inclusions, so this is the only optional add-on available:
Portable content
Electrical motor burnout
Accidental loss or damage
Exclusions
Westpac will not pay your claim for any of the following reasons:
Events covered by a warranty, guarantee or service contract
Defects
Wear and tear
Landslide
Damage by vermin or insects
Unlawful acts
Tree roots
Loss or damage if your home is unoccupied for more than 60 days
Make sure you read Westpac's PDS for a more detailed breakdown of exclusions. You can also head to general exclusions for more information.
Westpac home insurance complaints information
Allianz Australia, the brand that underwrites Westpac home insurance, was the subject of 765 home insurance complaints and 138 contents insurance complaints in the 2024/25 financial year. However, Allianz Australia is categorised as a "very large" insurer. AAI, another "very large" insurer, received 1,560 home insurance complaints and 384 contents insurance complaints in the same time period.
Bottom line about Westpac home insurance
Westpac home insurance is ideal if you want an affordable home insurer with a relatively good complaints record, but less so if you're looking for lots of add-ons.
If you're not yet ready to take out a policy, you can compare Westpac home insurance policies side-by-side with other providers here.
FAQs about Westpac home insurance
If you need to make a claim, you'll want help fast. So Westpac simplifies the process through its 5-star rated claims service. Here's what will happen:
Ensure that you, your family and your property are safe.
Lodge your claim, along with any required documents or additional information you may be asked for.
Westpac will send you a letter confirming your claim and case number.
Westpac will appoint an assessor to inspect any damage to your home.
Westpac will notify you if your claim is accepted and, if so, it will be settled within 10 business days.
The excess is the amount you need to pay towards any claim. With Westpac home and contents insurance, you can opt to pay as little as $500 or as much as $10,000.
Westpac offers the following basic excess options:
$500
$600
$700
$800
$900
$1,000
$11,00
$12,00
$13,00
$14,00
$15,00
$2,000
$3,000
$5,000
$10,000
Westpac home insurance is now issued and underwritten by Allianz Australia Insurance Ltd. Up until recently, its policies were underwritten by Westpac Australia Insurance Limited.
A Westpac home building or contents insurance product is suitable for those who:
Own or have a legal interest in a residential property in Australia
Need building or contents cover to cover the financial costs of repairing, rebuilding or replacing the insured building or items in the event that it is damaged, destroyed or lost as a result of an insured event
Need legal liability cover
Sources
Leave a Westpac home insurance review
If you've held or currently hold a Westpac home insurance policy, we'd love to hear from you. Your reviews help other Australians decide if Westpac is right for them. Some reviews are from a survey commissioned by Finder.
Gary Ross Hunter has over 6 years of expertise writing about insurance, including life, health, home, and car insurance. Having reviewed hundreds of product disclosure statements and published over 800 articles, he loves simplifying complex insurance topics for everyday readers. Gary has contributed to major outlets like Yahoo Finance, The Sydney Morning Herald, and news.com.au, and holds a Bachelor of Arts (Honours) in English Literature from the University of Glasgow, along with a Tier 2 General Advice certification, ensuring his work adheres to ASIC’s RG146 standards.
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price on home &contents insurance, thank you, Brian.
NikkiNovember 12, 2018
Hi Brian,
Thanks for getting in touch. Kindly note to get a quote for Home and Contents Insurance, you may contact Westpac directly. You can find their contact details on their website. Hope this helps!
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.
What you need to know about finding the best home insurance for you. Compare policies and learn what questions to ask when researching insurance policies.
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price on home &contents insurance, thank you, Brian.
Hi Brian,
Thanks for getting in touch. Kindly note to get a quote for Home and Contents Insurance, you may contact Westpac directly. You can find their contact details on their website. Hope this helps!
Cheers,
Nikki