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Home and Contents Insurance Queensland
Home and Contents Insurance Queensland
Written by
Francis Taylor
Edited by
David RayfieldCompare home and contents insurance the easy way
Save time and effort by comparing a range of home and contents insurance policies with iSelect
What is Home and Contents Insurance?
Home and Contents insurance can be a great way to protect your home and belongings from damage. It’s essentially a combined policy—one that gives you protection if something happens to your home or possessions.
What does Home and Contents Insurance cover?
Ask any Boy Scout and you know they’ll tell you to “be prepared”, which honestly is pretty good advice. With Home and Contents Insurance you can be just that – if anything happens, it can help cover the costs of repairs if your house is damaged and replace the contents inside your home if they are damaged, lost or stolen.
What’s Queensland’s average Home and Contents Insurance premium?
Living in an enviable tropical state can have its downsides. Based on the average premiums for iSelect customers, Queenslanders pay a little more than other Australians for Home and Contents Insurance. The graph below shows exactly how much it costs them.
Source: Average Home and Contents Insurance premiums for iSelect customers from 1 July 2022 to 30 June 2023
What are the risks to your Home and Contents in Queensland?
Unfortunately, living in the sunshine state doesn’t always result in sunshine 24/7. When searching for a suitable policy, it may be important to consider any risks unique to your part of Queensland.
Queensland is home to more natural disasters than any other state in Australia. That said, it’s important to note that it’s a big state (bigger than the United Kingdom!) and risk can change based on your location.
| Brisbane Home and Contents Risks | North Queensland Home and Contents Risks |
| The City of Brisbane is built on a floodplain, meaning it’s more prone to flooding. Although the Brisbane City Council has made moves to build future properties with this in mind, (specifically, after the January 2011 flood), they also suggest that future flooding is inevitable. These risks might also make Brisbane properties a little pricier to insure than other locations. | The risks in North Queensland can be more severe than those in Brisbane. In addition to flooding, tropical cyclones happen frequently and are expected to become more intense over time. |
What are the benefits of having Home and Contents Insurance?
Remember how Queensland is bigger than the United Kingdom? While you wrap your mind around that, try to grasp the concept that Queensland gets tropical cyclones larger than the country of England. Wild, right?
For example, in recent years, Queensland has been battered by a Cyclone, the 2018 Central Queensland Bushfires, and the 2021-22 Southern Queensland Floods. Because of these kinds of extreme weather events, it makes sense that Queensland homeowners and renters might want to consider a higher level of home and contents insurance higher than residents of other states. Peace of mind is a powerful incentive when considering this type of cover.
Frequently Asked Questions
What does Home Insurance typically cover?
Home Insurance does exactly what its name suggests. It covers the cost of repairs to your house (or rebuilding) when it’s hit by certain events, such as bushfires, storms or earthquakes.
This may include repairs for:
- The structure of your house, including the walls, floors and roof
- Sheds, garages and fixed swimming pools on the property
- Fixtures attached to the house, such as kitchen cabinets, baths and light fittings
What does Contents Insurance typically cover?
Contents Insurance is all about the stuff inside your house. It covers all sorts of valuable possessions against damage and loss. Depending on your policy, this might include:
- Electronics
- Furniture
- Carpets and Rugs
- Clothing
Insurers usually provide cover for these items if they’re destroyed by natural disasters, stolen or intentionally damaged by vandals. In some cases, you might be able to add additional cover, such as insurance against accidental damage or damage caused by floods.
However, you’ll always want to read your insurer’s Product Disclosure Statement (PDS) to find out precisely what kinds of events your insurance covers, as this can vary from policy to policy.
What factors can affect the cost of Home and Contents Insurance in QLD?
This part isn’t much different in Queensland compared to other states. The same things will generally impact the cost of your Home and Contents Insurance.
This will usually include the insurance amount for your house and possessions. All things being equal, you’ll usually pay higher premiums if you insure a $800,000 house than if you insure a house that’s only $500,000.
Other factors like the age of your house, whether you live in a place that’s exposed to extreme weather and the crime rate in your neighbourhood can also affect your premiums. Plus, adding any optional extras to your policy (such as flood cover) will usually drive up the price of your insurance too.
Queensland, have you considered Landlord Insurance?
Landlord Insurance is a specific type of Home and Contents insurance. True to its name, it protects landlords against specific risks. Not only does it protect your property and possessions against natural disasters and other damage, but it can also provide cover for any damage caused by tenants, loss of rent or certain legal fees if someone gets injured on your property. So it pays to have a look at Landlord Insurance.
How to compare Home and Contents Insurance in Queensland?
Comparing policies from different insurers is one of the best ways to find a great deal. Weighing up similar policies can also give you a good idea of how much value you’re getting for your money.
When comparing policies, you’ll also want to consider:
- How much it might cost to rebuild your home or replace your belongings
- How much you’d be willing to pay out-of-pocket when making a claim
iSelect can also help when it comes to comparing policies. You can use our online tool to compare a range of policies from different providers—so give it a try today! It’s free and easy-to-use.
Mark Pangrazio
Executive – Commercial, iSelect
Mark is the Executive – Commercial at iSelect. Mark also loves a chat. Ask anyone in the iSelect team and they’ll tell you how you can always stop for a yarn with Mark – whether it’s about work, footy, what you’re up to or the weather. Mark’s other passion is working with our insurance partners to bring great products to everyday Aussies. He wants to help people find insurance coverage to protect their homes and assets in an easy and affordable manner.
Get started on comparing home and contents today!
Save time and effort by comparing a range of home and contents insurance policies with iSelect
iSelect does not compare all home and contents insurers or policies in the market. The availability of policies may change from time to time. Not all policies available from iSelect’s providers are compared by iSelect and due to commercial arrangements, area or availability, not all policies compared by iSelect will be available to all customers. Some policies are only available from iSelect’s call centre or website. A number of our participating general insurance brands are arranged by Auto & General Services Pty Ltd ACN 003 617 909 on behalf of Auto & General Insurance Company Limited 111 586 353, both of which are related entities of iSelect Limited. Our relationship with those companies does not impact the integrity of our comparison service. Click here to view iSelect’s range of providers.
iSelect General Pty Ltd ABN 90 131 798 126, AFS Licence Number 334115. Any advice provided by iSelect on this website is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice iSelect gives you, having regard to your personal situation, before acting on iSelect’s advice or purchasing any policy. You should consider iSelect’s Financial Services Guide which provides information about our services and your rights as a client of iSelect. iSelect receives commission for each policy sold that is a percentage of the premium or a flat fee. Ask us for more details before we provide you with any services.