Cheap home insurance

We got quotes for 20 popular home and contents insurance policies. You could save $1,217 simply by shopping around.

Budget Direct Home & Contents Insurance

Get 30% off

Finder's Top Pick for Most Popular
  • Fire, storm & theft cover
  • Lodge a claim online 24/7
  • Optional sum insured safeguard
Get a quote
Discount applies to your first year's premium. Terms and conditions apply.
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Start your search for cheap home insurance here

Ready to save some money? Comparing policies is one of the easiest ways to make sure you end up with cheap home insurance. You can refine your search by choosing your policy type and comparing up to 4 different products at a time. Then we'll take you directly to the insurer for you to get a quote.

1 - 9 of 32
Name Product Underinsurance Protection
Finder AwardBonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
Optional add-on
an extra 25% cover
Our verdict: The most popular insurer on Finder, Budget Direct prioritises low-cost cover and gives you up to 30% off your first year. This is a big reason it won this year’s Finder Award for value.
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
No
Our verdict: Finder’s 2022 Insurer of the Year for Customer Satisfaction and our Top Pick for Fire Damage cover. It’s good if you want a tailored quote over the phone.
Green CompanyBonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
Yes
an extra 30% cover
Our verdict: Finder's Top Pick for Floods plus cover for other common claims such as fire and theft). Its discount is better than most – 20% off your first year with a combined policy.
Finder AwardBonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
Yes
and up to an additional 30% extra for demolition and design fees
Our verdict: Honey gives you $250 smart sensors to reduce accidents and estimates your rebuild costs for you. Honey was a finalist for the comprehensive category in this year’s Finder Awards.
Bonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
No
Our verdict: It covers more than most and you can get 10% off your Woolies shop. Watch out for underinsurance though – there’s a $15k limit on debris removal fees (this can cost $100k).
Bonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
Yes
an extra 30% cover
Our verdict: Covers common claims such as fire, storms, floods and rain. It’s also very helpful if you need to rebuild following a disaster. It offers a special safeguard of up to 30%.
Bonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
No
Our verdict: Senior Card holders can get up to 30% off and it covers accidental damage, unlike many others. Make sure your rebuild costs are accurate though – Aus Seniors don’t do underinsurance cover.
BonusFinder Award Finalist
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
Optional add-on
an extra 25% cover
Our verdict: Join and earn up to 40,000 Qantas Points for every home insurance policy you take out by 31 July. T&C’s and exclusions apply.
Bonus
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
  • Storm
  • Fire
  • Theft
  • Flood
  • Accidental Damage (e.g TV falls)
  • Impact to home (e.g falling trees)
  • Escaped water (e.g burst pipe)
  • Portable contents (e.g dropped laptop outside of home)
Yes
an extra 30% cover
Our verdict: Good comprehensive cover (issued by QBE). Also, get 22% off on your first year's premium when you purchase a new combined Home & Contents insurance policy online + $10 monthly credit. T&Cs apply.
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Which company has the cheapest house insurance?

There's no universally cheapest home insurance company but our research spills some interesting industry secrets.

We got quotes from 20 different Australian home insurers and found a difference of $1,217.12 when taking out an annual policy. Just check out the least and most expensive policies for the same $600,000 home. The point is, you could find a cheaper policy just by shopping around and comparing your options.

See for yourself below.

BrandAnnual price
youi$1,449.82Get quote
Budget Direct Logo$1,448.11Get quote
Picture not described$2,342.19Get quote
Honey home insurance$1,922.29Get quote
Australian Seniors Logo$2,447.84Get quote
Qantas Life Insurance Logo$1,657.58Get quote
kogan$2,621.59Get quote
ahm$2,523.75More info
Picture not described$1,783.24More info
australia post$2,235.17Get quote
Coles Insurance$2,076.17More info
Everyday Insurance$2,665.23Get quote
Huddle home insurance$2,436.25More info
Picture not describedING Home Insurance Logo$1,790.54More info
NRMA logo$2,000.80More info
Real insurance logo$2,540.23More info
St. george logo$2,466.58More info
Picture not described$1,577.19More info
Virginmoney logo$1,790.54More info
Picture not described$2,466.58More info
Home insurance award winner - value

Want good value home insurance?

Budget Direct won the best value home insurance prize at the 2022 Finder Awards. According to our research, it offers one of the cheapest home and contents insurance policies and comes with the biggest online discount. (Just remember that this is a first-year discount only. After this, your premiums will increase.)

Full list of 2022 winners

Compare home and contents insurance special offers for June 2023

Want a really easy way to pay less? Here's a list of all the home insurance deals we have available on Finder.

Store Discount

Buy online and save up to 30% on a home & contents policy with Australian Seniors

Offer applies to new policies bought online. Discount is made up of a 10% online discount for the first year, 10% for buying a combined policy and a further 10% if you hold a Seniors Card or 5% for non-card holders over the age of 50. T&Cs apply.

Last verified

Receive $250 worth of smart sensors with Honey Home Insurance

Get free smart sensors (valued at $250) to install around your home when you sign up for a combined home and contents policy. T&Cs apply.

Last verified

30% online discount on new home and contents insurance

Receive 30% off your first year's premium when you purchase a new combined home and contents insurance policy online. T&Cs apply.

Last verified

22% off on your premium for the first year + $10 credit

Sign up online and get 22% off your policy for the first year plus $10 ongoing monthly credit. T&Cs apply.

Last verified

Earn up to 40,000 Qantas Points with Qantas Home Insurance

Join and earn up to 40,000 Qantas Points for every home insurance policy you take out by 31 July. T&C’s and exclusions apply.

Last verified

Deal ends

Get up to 20% off your first year's premium with QBE Building and Contents Insurance

Discount is made up of a 10% online discount, and a further 10% for buying a combined policy. T&Cs apply.

Last verified

Get 10% off when buying Home and Contents Insurance

Save 10% when you buy a combined home and contents insurance policy online. Plus, Everyday Insurance customers can receive 10% off their groceries once a month. T&Cs apply.

Last verified

Get 10% off when buying Home and Contents Insurance from Australia Post

Save 10% when you buy a combined home and contents insurance policy online from Australia Post. T&Cs apply.

Last verified

7 tips to get a cheaper home insurance policy

Want to save some dosh? Follow these steps.

Number 1

Calculate how much cover you actually need

Decide what kind of policy you want: building, contents or both. In most cases, you'll also be asked to calculate your sum insured. This is how much it would cost to rebuild your home from scratch if it was destroyed. Home insurance calculators can help you work this out.

Number 2

Improve your home security

Security systems and alarms can act as a deterrent to thieves, while smoke alarms can reduce the risk of your home being damaged by fire. Installing these items can reduce the cost of your home and contents premiums.

Number 3

Compare quotes from multiple insurers

Don't simply accept the first home and contents insurance quote you get. Compare quotes from at least 3 or 4 different insurers – this is quick and easy to do online – and shop around for a deal. If you're buying home insurance for the first time, most brands offer discounts for new sign-ups.

Number 4

Make your home disaster-resistant

You can sometimes save by adding features to make your home more resistant to storms and natural disasters – for example, by installing storm shutters, reinforcing your roof and modernising your heating and electrical systems to reduce the risk of fire or water damage.

Number 5

Pay your premium annually

If you can afford to pay your home insurance for the entire year in one go, it's often cheaper (some insurers will charge you around $40 less).

Number 6

Search for discounts

Some sign-up discounts can be save you lots, but watch out – brands often increase costs the following year to make up for the deal you've just got. (To avoid this 'loyalty tax', review your policy every year).

Number 7

Review your policy at least once a year

The climate crisis and rising cost of living are driving home insurance prices up. Shop around every year and you could save a lot. It's very common for insurers to significantly increase prices once you've been with them for more than one year.

What impacts the cost of home insurance?

The price you pay for cover is generally based on:

  • The policy you choose. A combined home and contents insurance policy will generally cost more than a building-only insurance policy.
  • The location of your home. Insurance providers draw on claims data, crime rates, flood and fire risk factors among others to help assess your risk level. You will also typically pay more if your home is built on sloping land.
  • The type of home you own. Older homes typically pay more. Insurers may also take into consideration the design features and construction standard of your home.
  • How your home is used. If your home is left unoccupied for long periods of time you may be required to pay an additional cost for cover.
  • Your claims history. Insurers may charge you more depending on the claims you've made.

How much could you save?

Finder's head of editorial and homeowner Sarah Megginson recently saved $1,415 by switching to Honey home insurance after 11 years with the same insurer.

She's not alone. 74% of homeowners admit to having never switched home insurance or switching more than 2 years ago.

It's tempting to simply 'set and forget' your home and contents cover – but this is exactly what insurers want. As the cost of living continues to rise, now is the ideal time to review your cover and shop around for a better deal. The good news is that it's not actually a time-consuming process but the savings can be huge.

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Why you can trust Finder's home insurance experts

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We're free

You pay the same as buying directly from the home insurer. Better still, we regularly run exclusive deals that you won't find on any other site – plus, our tables make it easy to compare policies.
expert advice

We're experts

We've researched and rated dozens of policies as part of our Finder Awards. We provide unique insights and our in-house experts regularly appear on Sunrise, 7News and SBS News.
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We're independent

Unlike other comparison sites, we're not owned by an insurer. That means our opinions are our own and we work with lots of home insurance brands, making it easier for you to find a good deal.
help

We're here to help

Since 2014, we've helped 150,000+ people find home insurance by explaining your cover options simply and clearly. We'll never ask for your number or email. We're here to help you make a decision.

Questions you might still have

  1. The Consumer Sentiment Tracker, September 2022.
  2. Insurance Council of Australia
  3. Finder home insurance awards 2023

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