Home Insurance Calculator
Updated on 22 Oct 2026 · Checked by Aotob
Buildings and contents cover would likely cost about $2,400 a year.
Most quotes should land in the range $1,800 to $3,000.
Rough yearly premium
$2,400
Insure for the cost to rebuild, not the market price: land isn’t insured. Flood, bushfire, hurricane or subsidence risk can double a premium, and some homes need a specialist insurer.
Show the working
Buildings 1,800 × (300,000 ÷ 300,000)^0.8
+ contents 600 × (150,000 ÷ 150,000)^0.8
× risk, claims and excess = 2,400
By area risk
| Risk | A year | A month |
|---|---|---|
| Low | 1,920 | 160 |
| Average | 2,400 | 200 |
| High (flood, fire, storm) | 4,080 | 340 |
Questions people ask
How much should I insure my home for?
The cost to rebuild it from scratch, including demolition and fees, not its market price. Land isn’t insured, so rebuild cost is often well below the price.
What makes home insurance expensive?
Flood, bushfire, hurricane, subsidence or crime risk in your area, past claims, the building’s age and construction, and a low excess.
Do I need contents cover if I rent?
Your landlord insures the building, but not your belongings. Renters cover is usually much cheaper.
Updated 22 Oct 2026Source: National averages and published fee tables, checked October 2026Checked by AotobRough estimate only, not a quote.Report an issue