Home insurance for older homes

The cost of home insurance for old homes is often higher, so it pays to compare. Here are 5+ policies from trusted Aussie providers.

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It often costs more to get home insurance for older homes because there's more chance of something going wrong than with a new build. But our comparison table can help you compare features and keep costs down by clicking through for a personalised quote. Insurers will ask you a few questions about your home, which will take you a few minutes, but it's well worth it in the long run — you could save up to $1,653 a year just by comparing quotes.

Find home insurance for older homes

Name Product Building Cover Contents Cover Fire, Storm & Theft Damage Sum Insured Safeguard Online Discount Cheapest way to pay
Budget Direct Home & Contents Insurance
Save 30% on your first year's premium when you purchase a new combined Home & Contents insurance policy online. T&Cs apply.
Westpac Home and Contents Insurance
Monthly or Annually
Save up to 25% when you purchase cover online. Promo code: COVER
St. George Home and Contents
Monthly or Annually
Save up to 25% when you purchase cover online. Promo code: COVER
Virgin Home and Contents Insurance
Purchase a new eligible Virgin Home and Contents Insurance policy online and you'll also save 30% on your first year’s premium. T&Cs Apply.
Domain Home Buildings & Contents Insurance
Monthly or Annually
Domain Insure uses property data to help build your quote faster.
Huddle Comprehensive Home and Contents Insurance
Save up to 20% on your policy in the first year.
Qantas Home and Contents Insurance
Earn up to 20,000 Qantas Points when you apply. Points awarded will be based on your premium. T&Cs & exclusions apply.
Seniors Top Home & Contents Insurance
Buy online and save up to 30% on a new home and contents insurance policy. T&Cs apply.
Youi Building and Contents Insurance
Youi Home Insurance takes the time to tailor a premium for you.
Green Company
QBE Home & Contents Insurance
Save up to 20% on your first years’ premium with a new combined QBE Home and Contents policy online. T&Cs apply.

Compare up to 4 providers

Why are older homes harder to insure?

As a general rule, older homes present a higher risk to insurance companies. Here's why:


Older homes are more likely to suffer damage

For example, they may have been constructed with out-of-date materials that simply won't stand up to storm damage. Or the plumbing and electrical wiring may have deteriorated, which can cause expensive damage.



You'll also need to consider the amount of repair work that needs to be done on your home. For example, home insurance will often cost more if you plan to renovate. You also won't be covered for claims if you move out for an extended period while work is being completed.


Repair work can be expensive

If part of your home is damaged and you want to have it repaired to match the rest of the dwelling, this can be expensive. Making sure the repair work is historically accurate can be a costly exercise, with materials and labour expenses higher than if you simply needed a standard rebuild.

What to keep in mind when getting home insurance for an older home

Insurance is often one of the last things you think about when buying a home. But if you're about to sign the contract to purchase an older home, remember that there are several factors that can affect your home insurance.


Roof condition is one of the key factors insurers will consider when determining the cost of insurance. The age of the roof, the materials used in its construction and its current state of repair will all be taken into account.

You should also be aware that claims resulting from leaky roofs caused by a lack of maintenance are commonly rejected by insurers, so you’ll need to make sure you stay on top of any routine maintenance tasks.


If your older home is sporting an outdated electrical system, this greatly increases the risk of fire. Knob and tube wiring, common in houses more than 50 years old and especially those built before World War II, can be a particularly common cause of problems. Not only may a full house rewire be a major priority for the safety of your family, but it could also be a requirement if you want to take out home insurance.


An outdated plumbing system increases the risk of flooding, so the ancient plumbing in your old home won’t be seen as a feature by insurers. Before agreeing to cover you, an insurer may request that the outdated plumbing system in your home be replaced within a certain timeframe, so you’ll need to factor this cost into your budgeting when working out the cost of buying the home.


There are several other factors about a home’s construction that insurers will consider when deciding whether to provide cover. For example, how secure are the home’s foundations? Is there asbestos present? When was it built?

It’s common for insurers to send out an assessor to examine your home in person and determine the risks faced.

Heritage-listed homes

Insuring an older home can be particularly difficult if that home happens to be heritage-listed. If a heritage-listed building is partially damaged, the cost of restoring that part of the property to match the original home can be very expensive. Many of the materials used to construct listed homes are simply not readily available, and the job may even require the expertise of specialist tradesmen, architects and other professionals.

Despite these difficulties, it is still possible to find cover for heritage-listed homes, but cover may cost extra. You’ll also usually need to supply a valuation which shows the true replacement cost of the property, and the insurer may include a clause requiring you to contribute to the cost of repairing the property if it is under-insured.

Wood burning stoves

From a home safety point of view, wood burning stoves and open fireplaces fall well short when compared to modern heating solutions. As a result, many policies exclude damage caused by combustion heaters and open fireplaces from cover.

With this in mind, you may wish to consider reverse cycle air conditioning or perhaps another form of heating for your home.

Renovating an older home? Here's what you need to know

When you’re preparing to renovate a home of any age, never assume that your home and contents insurance will automatically cover you. The policy terms and conditions surrounding renovations vary from one insurer to the next, so it’s essential that you read the fine print and contact your insurer for clarification if you’re unsure.

As a general rule, smaller jobs that won’t have any effect on the external structure of your house or on its structural stability won’t harm your cover. As long as your home is still secure, you should still be protected. However, most insurers will exclude water damage that occurs during the renovation or as a result of the work being done.

However, if your home requires extensive renovation work to most or even all of the house, you probably won’t be covered by your home and contents insurance. Not only do construction sites represent a higher risk of damage to your home, but they can also attract thieves and vandals like moths to a flame.

If you employ a licensed builder to do the work, they should have construction insurance to provide protection against damage to your home. If you choose to DIY, you’ll need to consider your owner-builder insurance options.

Home insurance for older homes FAQs

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