Home Insurance Budget Calculator
Estimate monthly and annual home insurance costs by combining building and contents premium quotes you've received.
Your results
Calculation breakdown
- Total insurance
- (building sum insured × estimated premium rate) + contents premium
Worked example
A $500,000 building sum insured at an estimated 0.25% premium rate plus a $300 contents premium totals about $1,550 a year.
Assumptions
- Actual premiums are set individually by each insurer and vary by location, construction and risk factors.
- Get a real quote from your insurer before relying on this estimate for budgeting.
How this calculator works
Home insurance premiums are set individually by each insurer based on the property, location and cover selected, so this calculator simply combines your quoted building and contents premiums into a monthly and annual budget figure.
Frequently asked questions
Why isn't there a default premium built in?
Premiums vary enormously by location, construction type, flood and bushfire risk, and insurer, so no single figure would be accurate.
Should I insure for rebuild cost or market value?
Building insurance is generally based on rebuild cost, not market value, so get a rebuild estimate rather than using the sale price.
Is landlord insurance different?
Yes, landlord insurance covers additional risks like lost rent and tenant damage and is priced separately from owner-occupier home insurance.
Results are estimates only and are not financial, tax, legal or credit advice.