Are you after a building insurance quote? Mozo helps you compare building insurance options so you can find a policy to suit your needs and budget as a homeowner.
Here, we’ve collected some of the latest building insurance deals from Australia’s home insurance providers. You can compare key policy information, tailored coverage and current discounts before you get a personalised building insurance quote for your property.
Building insurance comparisons on Mozo - last updated 23 May 2022
Search promoted home insurance below.Advertiser disclosure. Important information on terms, conditions and sub-limits.
Home Buildings Insurance
Get award-winning Home and Contents Insurance at a price you can afford from Budget Direct. Save a huge 15% on your first year’s premium when you purchase a new combined Home Buildings Insurance policy online.
Main events covered
Fire
Theft
Storm
Flood
Optional Extra
Monthly payments cost extra
Yes
Underinsurance protection
Optional ExtraUp To 25% Of Sum Insured
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
No
Cash
No
Cd dvd and electronic files
No
Computer software hardware
No
Camera and accessories
No
Carpets
No
Antiques and valuables
No
Jewellery
No
Replacement of documents
No
Tools of trade
No
Contents while moving
No
Lock replacement
No
Temporary accommodation
Up to 10% of sum insured, up to 12 months. Combined with temporary accommodation for pets.
Debris removal
Up to 10% of sum insured combined with demolition cost
Demolition cost
Up to 10% of sum insured combined with debris removal cost
Accidental loss and damage
Optional Extra
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
Up to $1,000
Landscaping
No
Gates and fences
Yes
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Everyday Comprehensive Home and Contents Insurance
Huddle Everyday Home & Contents Insurance, up to 20% off Home & Contents Insurance (T&Cs apply). Increase your basic excess to suit your budget and reduce your premium. Lodge claims easily 24/7, and in some cases you'll get a decision within minutes.
Main events covered
Fire
Theft
Storm
Flood
Monthly payments cost extra
Yes
Underinsurance protection
No
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
Yes
Cash
Up to $500
Cd dvd and electronic files
$1,000 per item, up to $5,000 per collection
Computer software hardware
$1,000 per item, up to $5,000 per collection
Camera and accessories
Yes
Carpets
Yes
Antiques and valuables
$1,000 per item,. up to $5,000 per collection
Jewellery
$1,000 per item,. up to $5,000 per collection
Replacement of documents
Up to $1,000
Tools of trade
Only Home Office contents, up to $5,000
Contents while moving
Yes
Lock replacement
Up to $1,500
Temporary accommodation
Up to 12 months, up to 10% of sum insured
Debris removal
Up to 10% of sum insured combined with demolition cost
Demolition cost
Up to 10% of sum insured combined with debris removal cost
Accidental loss and damage
Yes
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
Yes
Landscaping
Up to $1,500
Gates and fences
Yes
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Get covered in just 3 minutes. Receive complimentary $250 smart home sensors to help alert you to avoidable mishaps like fire, theft & water damage. Get rewarded for being smarter, by keeping your sensors active, with a discount of up to 8% every year (T&C’s apply).
Main events covered
Fire
Theft
Storm
Flood
Monthly payments cost extra
No
Underinsurance protection
No
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
Yes
Cash
Up to $300
Cd dvd and electronic files
Up to $5,000
Computer software hardware
Hardware yes, software up to $5,000 combined with CDs/DVDs
Camera and accessories
Up to $2,000
Carpets
Yes - limits apply for carpets over 10 years old
Antiques and valuables
Up to $2,000 per item, up to $12,000 in total
Jewellery
Up to $2,000 per item, up to $6,000 in total
Replacement of documents
Up to $1,000
Tools of trade
Up to $2,000
Contents while moving
Yes
Lock replacement
Up to $1,000
Temporary accommodation
Up to 12 months, up to 10% of sum insured
Debris removal
Up to 20% of sum insured combined with demolition cost
Demolition cost
Up to 20% of sum insured combined with debris removal cost
Accidental loss and damage
Optional Extra
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
Yes
Buildings and structural improvements
Yes
Building materials
No
Landscaping
Up to $1,000 for plants
Gates and fences
Yes - Up to 50% of the total cost, up to 2km
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Discover more rewarding home insurance. With competitive cover for you - and your budget, plus up to 20,000 Qantas Points (points awarded will be based on your premium). Get a quick quote online. T&C’s and eligibility criteria apply.
Main events covered
Fire
Theft
Storm
Flood
Optional Extra
Monthly payments cost extra
Yes
Underinsurance protection
Optional ExtraUp To 25% Of Home Sum Insured.
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
No
Cash
No
Cd dvd and electronic files
No
Computer software hardware
No
Camera and accessories
No
Carpets
No
Antiques and valuables
No
Jewellery
No
Replacement of documents
No
Tools of trade
No
Contents while moving
No
Lock replacement
No
Temporary accommodation
Yes - Up to 10% of home sums insured
Debris removal
Yes - Up to 10% of home sums insured
Demolition cost
Yes
Accidental loss and damage
Optional Extra
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
Yes
Landscaping
No
Gates and fences
Yes
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
When change happens to you, like a new home or contents, think Youi - a home insurer that’s all about you and where your life’s at right now. Start a quote with Youi today to see what you could save. Mozo People’s Choice Most Recommended Home Insurance award winner in 2021^.
Main events covered
Fire
Theft
Storm
Flood
Monthly payments cost extra
Yes
Underinsurance protection
No
New for old replacement
No
Compare
Compare
Go to site
Details
General contents
No
Cash
No
Cd dvd and electronic files
No
Computer software hardware
No
Camera and accessories
No
Carpets
No
Antiques and valuables
No
Jewellery
No
Replacement of documents
No
Tools of trade
No
Contents while moving
No
Lock replacement
Up to $1,000
Temporary accommodation
Up to 12 months, up to 12% of sum insured
Debris removal
Up to 20% of sum insured combined with demolition and professional fee costs.
Demolition cost
Up to 20% of sum insured combined with debris removal and professional fee costs
Accidental loss and damage
Optional Extra
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
Up to $1,000
Landscaping
No
Gates and fences
Yes
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Virgin Money Home & Contents Insurance, winner of the Exceptional Value Home & Contents Insurance award in 2020.
Main events covered
Fire
Theft
Storm
Flood
Optional Extra
Monthly payments cost extra
Yes
Underinsurance protection
Optional ExtraUp To 25% Of Sum Insured
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
Yes
Cash
Up to $800
Cd dvd and electronic files
Up to $3,000 combined with computer software
Computer software hardware
Up to $3,000 combined with CDs/DVDs
Camera and accessories
Yes
Carpets
Yes
Antiques and valuables
Up to $5,000 per item for artwork, up to $12,000 in total, up to $2,000 for collections
Jewellery
Up to $1,000 per item, up to $5,000 in total
Replacement of documents
No
Tools of trade
Up to $2,000
Contents while moving
Up to 20% of sum insured
Lock replacement
Up to $1,000
Temporary accommodation
Up to 10% of sum insured, up to 12 months. Combined with temporary accommodation for pets.
Debris removal
Up to 10% of sum insured combined with demolition cost and emergency storage cost
Demolition cost
Up to 10% of sum insured combined with debris removal cost and emergency storage cost
Accidental loss and damage
Optional Extra
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
Up to $1,000
Landscaping
No
Gates and fences
Yes
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Save up to 20% when you purchase a combined Woolworths Home and Contents policy online (T&Cs apply). Get a quote online in just minutes and enjoy optional cover for portable valuables.
Main events covered
Fire
Theft
Storm
Flood
Monthly payments cost extra
Yes
Underinsurance protection
No
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
No
Cash
No
Cd dvd and electronic files
No
Computer software hardware
No
Camera and accessories
No
Carpets
No
Antiques and valuables
No
Jewellery
No
Replacement of documents
No
Tools of trade
No
Contents while moving
No
Lock replacement
Up to $1,000
Temporary accommodation
Up to 12 months, up to 10% of sum insured
Debris removal
Up to $15,000 combined with demolition cost
Demolition cost
Up to $15,000 combined with debris removal cost
Accidental loss and damage
Yes
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
No
Landscaping
Up to $1,500 for plants
Gates and fences
Up to sum insured
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Huddle Black Home & Contents Insurance, up to 20% off Home & Contents Insurance (T&Cs apply). Increase your basic excess to suit your budget and reduce your premium. Lodge claims easily 24/7, and in some cases you'll get a decision within minutes.
Main events covered
Fire
Theft
Storm
Flood
Monthly payments cost extra
Yes
Underinsurance protection
No
New for old replacement
Yes
Compare
Compare
Go to site
Details
General contents
Yes
Cash
Up to $1,000
Cd dvd and electronic files
$2,000 per item, up to $5,000 per collection
Computer software hardware
$2,000 per item, up to $5,000 per collection
Camera and accessories
Yes
Carpets
Yes
Antiques and valuables
$10,000 per item, pair or set up to 20% of your contents sum insured
Jewellery
$10,000 per item, pair or set up to 20% of your contents sum insured
Replacement of documents
Up to $1,000
Tools of trade
Only Home Office contents, up to $10,000
Contents while moving
Yes
Lock replacement
Up to $1,500
Temporary accommodation
Up to 20% of sum insured
Debris removal
Up to 20% of sum insured combined with demolition cost
Demolition cost
Up to 20% of sum insured combined with debris removal cost
Accidental loss and damage
Yes
Accidental breakage of glass
Yes
Lightning
Yes
Earthquake
Yes
Storm surge
No
Buildings and structural improvements
Yes
Building materials
Yes
Landscaping
Up to $5,000
Gates and fences
Yes
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
*Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.
Home insurance resources
Reviews, news, tips and guides to help find the best home insurance for you.
If you are looking to insure your property – whether living in it yourself or renting it out as an investment – you’ll want to consider getting building insurance.
Building insurance covers the structure of your home against loss and damage caused by things like fire, storms, flooding and vandalism. It can also include coverage for things like internal fixtures, landscaping, fences, garages and other fixed outdoor structures like pergolas.
When choosing between building insurance policies, it’s important to carefully review the insurable events as well as any cover limits and exclusions in your product disclosure statement (PDS).
What’s the difference between building insurance and home & contents insurance?
Building insurance is often referred to as ‘home insurance’, which is one half of a home and contents insurance policy. Contents insurance is the other half, which covers the belongings within your home against theft and damage.
If you’re living in the property (as opposed to renting it out) and want this kind of coverage as well, it may pay to combine the two policies. While you can purchase each on its own, providers often offer discounted premiums when you take out combined home and contents insurance under the same roof.
If your property is an investment and you’re renting it out, you might prefer to take out landlord insurance. This provides similar coverage to building insurance, but will often also cover things like lost rental income if tenants default on their rent and legal liability in case anyone is injured or dies on the property.
Underinsurance can create major problems if you need to claim on your building insurance. It’s essentially a situation where your home costs more to repair or rebuild than you’ve had it valued at and recorded with your insurance company.
It’s important to have an accurate estimate of the replacement value of your home should you need to rebuild, and to get it re-evaluated at regular intervals as living and building costs change over time.
To get an accurate estimate, talk to an architect, builder or property expert. Some insurance providers will offer underinsurance protection as an optional extra, just in case a valuation isn’t accurate.
Another important thing to remember is that the cost to insure your home is not the same as the price you paid for your home or property. The land value should be excluded from your calculations – you only need to insure for the value of your home's structure.
How do I choose a building insurance policy?
As always, best practice in choosing any financial product is to assess your needs, compare options and find an offer that aligns with both.
For choosing building insurance, you should have the home valued to ensure you’re covered at the right level. You should also consider any extra events or elements of your property you might want covered. This could be additional flood cover if you live in a flood-prone area, or more coverage for your new garden and landscaping.
Then, you should get researching with Mozo’s comparison table above to find a policy which includes everything you need at a price you can afford.
How can I reduce the cost of my building insurance?
There are several ways to get cheaper building insurance, without needing to reduce the level of cover you get. Some of these cost-saving moves you can make include:
Comparing and haggling. Always shop around at your policy renewal time to compare offers. Building insurance providers are just like other businesses and have discounts or incentives that can save you money. Even if you're happy with your current insurance company, it's a good idea to know what the competition is offering and see if you can use this to haggle a better deal for yourself.
Ensuring your property is secure. The more secure your property the lower your premium is likely to be. Put locks on doors and windows, make sure smoke alarms are in working order, and consider installing a security alarm or camera.
Making sure you are getting any relevant discounts. There are a heap of discounts which could be applied to your policy to reduce your premium if you’re eligible for them.
This includes:
No claims discounts: If you have not made a claim in a set period of time, you can start to build up a no claims bonus or discount on your premium. If you’re looking to switch insurance companies, many providers will honour the discount provided by your current insurance provider if you can show evidence.
Bundled products: You can often secure a discount if you have multiple products with the one insurance provider. If you are getting building insurance and also want contents insurance it could be cheaper to take out a combined policy with the one provider. Or you might consider getting your car insurance moved across at the same time to access a discount.
Online application discounts: Some providers offering building insurance will apply a discount on your first year’s premium if you buy the policy online.
Loyalty discounts: If you stay with a building insurance provider for a certain number of years, a loyalty discount may kick in. This can often increase the longer you hold your policy.
How do I find the best building insurance?
If you’re on the lookout to find Australia’s best building insurance, a great place to begin is by checking out the winners in the Exceptional Value and Exceptional Quality categories. Our experts analysed the pricing and product data and determined these as the insurance policies bringing to the table the best price, range and features in the market.
Not all customers are in search of the same thing when it comes to building insurance, so it’s important to bear this in mind when comparing policies.
While not many providers offer this, you might have the option to choose between ‘sum insured’ and ‘total replacement’ cover.
If you opt for sum insured you'll choose the amount of money you insure your home for, and your policy premium will be based on this amount. This is the maximum amount your insurance provider will pay to repair or rebuild your home. If you choose this option, it's vital to get an accurate idea of how much it will cost to repair or replace your home.
Total replacement cover, means just that. You don’t set a limit to the cover and the insurance company will pay no matter what the cost it is to repair or rebuild your home. Keep in mind, this kind of policy will likely come with a higher price tag.
The cost for your building insurance policy will depend on a number of factors including where the property is located, the property size, it’s value and your insurance claims history. For example, insuring a house in a flood prone area will likely be more expensive than insuring somewhere else, and a larger house will come with a steeper price tag than a small one.
To get a personalised quote, first review the insurance policy information here on Mozo. We outline the key events and limits included in each policy to help you find one that looks right for you. Once you’ve compared your options you can get a quote directly from the insurance company for your property. They will also be able to answer any specific questions related to your property.
When you make a claim on your building insurance, you’re generally required to pay an amount before your insurance policy kicks in to cover the rest. This is called an ‘excess’. Excess levels can vary depending on your provider and policy, but it’ll generally be a set figure for a building insurance policy.
For example, if you were to make a $10,000 building insurance claim and your excess was $800, the insurance provider would cover the remaining $9,200. If the bill only came to $500, it wouldn’t be worth claiming on your insurance as the excess covers the cost completely.
You can often opt for a lower excess, but this will generally result in a heightened premium cost. Similarly, choosing a higher excess can reduce the cost of your premium.
Yes, many building insurance policies come with the option of paying insurance costs on a monthly basis. This can help you budget for the cost of insurance by spreading it out, rather than leaving you scrambling to come up with a lump sum payment.
Keep in mind though, you might have to pay extra for the convenience of monthly payments, so factor that extra cost into your budget
Tara McCabe writes across all areas of personal finance here at Mozo from banking through to insurance. Tara is expert at practical money tips, showing readers ways to live richer and be socially conscious while doing it. She earned a BA (Hons) in English Literature from Canterbury Christ Church University.
Budget Direct wanted 71% more premium for the building component of our home insurance compared to last year despite us not being in an area of risk of either flooding or bush fires, despite them increasing the insured value of the house by just 5% and despite us having been with them for six years with no claims. I phoned to ask why it had increased so much and whether they could do anything. Three times, they were supposed to phone me back and didn't. On the fourth time, they did call back but it took several more days before they said the price stood. They never did say why the premium had increased so much. I've gone with a different company.
Budget Direct wanted 71% more premium for the building component of our home insurance compared to last year despite us not being in an area of risk of either flooding or bush fires, despite them increasing the insured value of the house by just 5% and despite us having been with them for six years with no claims. I phoned to ask why it had increased so much and whether they could do anything. Three times, they were supposed to phone me back and didn't. On the fourth time, they did call back but it took several more days before they said the price stood. They never did say why the premium had increased so much. I've gone with a different company.
Allianz is reliable and has helped us out with broken windows etc. I would recommend them. We have been with other companies in the past and we think overall Allianz is better.
Allianz is reliable and has helped us out with broken windows etc. I would recommend them. We have been with other companies in the past and we think overall Allianz is better.
I was with Auto and General until Budget Direct bought them out. I had a great insurance price but seeing Budget Direct take over my insurance went up $50.00 per month for home and contents and car insurance. It’s all inclusive. But still if it goes up again I will be looking around to change to someone cheaper.
I was with Auto and General until Budget Direct bought them out. I had a great insurance price but seeing Budget Direct take over my insurance went up $50.00 per month for home and contents and car insurance. It’s all inclusive. But still if it goes up again I will be looking around to change to someone cheaper.
Our goal at Mozo is to help you make smart financial decisions and our award-winning comparison tools and services are provided free of charge. As a marketplace business, we do earn money from advertising and this page features products with Go To Site links and/or other paid links where the provider pays us a fee if you go to their site from ours, or you take out a product with them. You do not pay any extra for using our service.
We are proud of the tools and information we provide and unlike some other comparison sites, we also include the option to search all the products in our database, regardless of whether we have a commercial relationship with the providers of those products or not.
'Sponsored', 'Hot deal' and 'Featured Product' labels denote products where the provider has paid to advertise more prominently.
'Mozo sort order' refers to the initial sort order and is not intended in any way to imply that particular products are better than others. You can easily change the sort order of the products displayed on the page.
Important information on terms, conditions and sub-limits
Terms, conditions, exclusions, limits and sub-limits may apply to any of the insurance products shown on the Mozo website. These terms, conditions, exclusions, limits and sub-limits could affect the level of benefits and cover available under any of the insurance products shown on the Mozo website. Please refer to the relevant Product Disclosure Statement and the Target Market Determination on the provider's website for further information before making any decisions about an insurance product.