Honey Home Insurance

Honey home insurance review

Honey home insurance don't go in for sign-up discounts; rather, you get smart sensors designed to prevent claims.

No reviews yet. Write a review

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Our verdict

  • Honey home insurance gives you $250 worth of smart sensors when you take out a policy. The sensors detect household accidents in the home – like water leaks, fires and theft – and alerts you via its app.
  • You can get up to 8% off your premiums every year if you use the smart sensors – ideal if you want to avoid big annual premium increases.
  • It uses third-party data to gather information about your property – for example, the roof material and estimated year it was built – removing a lot of the work you ordinarily need to do when taking out home insurance.
  • Honey doesn't go in for sign-up discounts like the big insurers. Rather it's pitching itself as providing affordable cover that won't hike your premiums up after you've held a policy for a year.

Compare the benefits of Honey home insurance and get a quote

Name Product Building Cover Contents Cover Fire, Storm & Theft Damage Sum Insured Safeguard Online Discount Cheapest way to pay
Honey Home & Contents Insurance
Monthly or Annually
Honey Home Insurance
Monthly or Annually
Honey Contents Insurance
Monthly or Annually

Compare up to 4 providers

What does Honey home insurance cover?

Honey has policy options for homeowners, renters and landlords. You can take out building insurance, contents insurance or combined building and contents cover. Here are some of the main insured events you'll be covered for by a policy.

All policies come with a basic excess (like all insurers) which you need to pay whenever you make a home insurance claim, and a cooling off period of 21 days which is the industry standard. If you cancel your policy within this timeframe, you can receive a full refund.

Here's a breakdown of Honey home insurance features

Check icon

Standard features

These are some of the standard features you get with a Honey home insurance policy. Some of these inclusions, like the sum insured safeguard, flood cover and home office equipment, are often only available as an add-on you need to pay extra for:

  • Floods
  • Sum insured safeguard (provides up to an additional 30% of cover on top of your sum insured if your home is destroyed)
  • New for old replacement
  • Temporary accommodation
  • Liability and legal protection
  • Home office equipment up to $20,000

plus icon

Optional add-on

If you'd like to pay extra to have one or more of the following covered, Honey can cover:

  • Accidental damage
  • Individual items – for example, valuable items such as expensive jewellery
  • Your small business contents – e.g, equipment or stock related to your business
  • Items that can be insured away from home – for example, electronic equipment
  • Your mobile phone, anywhere in Australia or New Zealand

cross icon


Like all insurers, there are some things you won't be covered for. Honey's exclusions appear to be no different to most insurers. You won't be covered for:

  • Actions of the sea
  • Breaking the law
  • Business (unless you get small business cover)
  • Computers and data
  • Defective or faulty workmanship
  • Deliberate acts
  • Erosion and landslide
  • Pests and parasites
  • Rust and mould
  • Roots and trees
  • Wear and tear

Check out Honey's PDS for a more detailed breakdown of what's not covered and head to general exclusions for more information.

Here's the bottom line about Honey home insurance

Honey is one of the first insurers in Australia that seems to be doing things differently. Like all insurers, it doesn't want you to make a claim – but the difference is that it's actually doing something about it. When you sign up, you can get $250 worth of smart sensors. You put them at different areas of your house and it will notify you on the app if something happens (like a leak) so you can stop it before it gets bad.

Its actual cover also goes a little further than most insurers. For example, it automatically includes a sum insured safeguard. This could prevent you from being underinsured and can be vital if your home is completely destroyed. Like other insurers, it also covers demolition and removal of debris. However, it covers up to 20% of the sum insured – the industry standard is 10%. This can be a really costly aspect of rebuilding if your home is destroyed, so it's a smart inclusion.

If you're still not sure about Honey, you can compare other home insurance companies here.

Frequently asked questions

Leave a Honey home insurance review

If you've held or currently hold a Honey home insurance policy, we'd love to hear from you. Your reviews help other Australians decide if Honey is right for them. Some reviews are from a survey commissioned by Finder.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site