How much does landlord insurance cost?
The average cost of landlord insurance is around $186 per month, depending on the property. How much will yours cost?

We've compared 13 insurers side-by-side so you can see the difference in price between buying a combined policy, which would cover the building and your contents (if the property is furnished), and a standalone building-only policy. Both of these policies include legal liability cover in case someone is injured in the home.
These are sample quotes for a specific house (details below); the cost will differ based on the specific aspects of your property.
Provider | Home & Contents (Combined) | Buildings Cover Only | |
---|---|---|---|
![]() | $2,148.23 | $1,777.92 | Get quote |
![]() | $2,671.01 | $2,227.19 | Get quote |
![]() | $2,363.04 | $1,955.72 | More info |
![]() | $1,995.12 | $1,522.69 | More info |
![]() | $2,756.52 | $2,070.17 | More info |
![]() | $3,270.60 | $2,702.56 | More info |
![]() | $3,102.57 | $2,634.47 | More info |
![]() | $2,687.09 | $2,276.93 | More info |
![]() | $3,328.11 | n/a | More info |
![]() | $2,729.39 | $2,040.28 | More info |
![]() | $2,036.28 | $1,747.16 | More info |
![]() | $2,169.66 | $1,795.69 | More info |
$2,036.28 | $1,747.16 | More info |
Response | Male | Female |
---|---|---|
Once a year | 3.57% | 3.28% |
I never compare or switch | 3.01% | 2.59% |
Every 2 yrs | 2.44% | 1.03% |
Once every 3+ yrs | 1.32% | 2.07% |
More than once a year | 0.19% | 0.17% |
The cost of landlord insurance can vary based on multiple factors. These include:
Your choice of insurer can have a significant impact on how much you could pay. This is demonstrated by the table below, which is based on landlord home and contents (combined) cover. Finder sourced quotes for a 3-bedroom home in a metropolitan area of NSW.
"As part of our risk mitigation we ensure all our clients have landlord insurance. During covid all companies stopped paying rental default cover so make sure that is part of your product. Most tenants now have pets so that is a must have for cover. Be aware of the excess amounts and definitely shop around keeping in mind the cheapest policy is not always the best."
Using the example from the table above, you could get landlord cover from just $120.37 per month with Qantas. Let's say, as in the example using the 3-bedroom home in Concord, you earn around $4,000 per month in rental income.
So, that means you would pay 3.01% of your gross rental income on landlord insurance:
Your job is to consider if this is a reasonable price to pay, considering how much you stand to lose if your entire property was destroyed by an insurable event and you didn't have insurance.
Rent default and loss of rent are 2 different features of landlord insurance you might need.
Read our break down of CBA landlord insurance.
Find out if RAA landlord insurance has a policy that’s right for you.
Find out how to get short term rental and Airbnb insurance
Your guide to getting landlord insurance in Queensland.
Your quick guide to Virgin Money Landlord Insurance.
Your guide to Coles Landlord Insurance.
Find out if Allianz Landlord Insurance is right for you with our review.
The best landlord insurance is the one that you can trust to protect your investment when you're not there.
Would a claim for a landlord insurance event affect the premium of the landlord insurance or the house and contents insurance?
Hi Neil, depending on the claim there’s a chance it could affect both.