Australia’s best landlord insurance 2022

Couple moving into home, Mozo Expert Choice Awards best landlord insurance.

If you own investment property, landlord insurance can help protect you from the risks associated with housing tenants, alongside other unforeseeable incidents you’d expect home insurance to cover. Whether you’re concerned about property damage or loss of rental income, there are a number of options that may present the best landlord insurance for your property and needs as a homeowner. 

To help you find the right policy for your investment property, our team of experts research insurance products that offer great value for high quality features. Mozo’s Expert Analysts studied 38 landlord insurance policies and collected more than 2,000 unique quotes to assess policies on coverage and value for the most recent Mozo Experts Choice Landlord Insurance Awards.

The awards are split into two categories – Exceptional Value and Exceptional Quality. This is so customers can research options based on how comprehensive the coverage is, as well as how competitively priced policies are for the features they offer.

For a little extra insight into some of the award-winning policies crowned recently, we’ve laid out the details of a few options here.

Head over to our Home Insurance Awards page for the full list of winners and more information on how they were chosen.

Best landlord insurance 2022

Budget Direct Landlord Insurance*
  • 30% discount on first yearly premium for combined policy purchase online
  • New-for-old contents cover
  • Landlord cover available as an optional extra
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Budget Direct's combined Home and Contents Insurance policy can be upgraded to include Landlord cover. The policy itself, plus Landlord cover took home both an Exceptional Value and Exceptional Quality award in the 2021 Mozo Experts Choice Awards. It offers cover for both your property and valuables for a range of events, including accidental breakage of glass, theft and natural disasters such as lightning strikes and storms. Right now, Budget Direct is also offering a 30% discount when you combine home and contents insurance and purchase online.

QBE Building and Contents Insurance*

  • Accidental home and contents damage cover for you, your tenants or paying guests
  • Up to $30 million legal liability cover
  • Up to 30% underinsurance protection

Awarded an Exceptional Value Landlord Insurance award for 2021, QBE Building and Contents Insurance covers your property and valuables in a range of situations, including accidental and malicious damage, and natural disasters such as storms, fire, theft and flooding as standard. QBE also covers emergency temporary repairs with this policy, as well as environmental upgrades and loss of rent after an insurable event if your property is unliveable. Underinsurance protection up to 30% of your property’s value is also included in this policy as standard for extra security. 

ING Home & Contents Insurance*

  • 30% online discount on first year’s premium
  • New-for-old cover
  • Landlord cover available as optional extra

Winning in both the Exceptional Value and Exceptional Quality categories, ING Home & Contents Insurance policy offers landlord cover as an optional extra. The policy itself comes with coverage in a range of scenarios, including accidental breakage of glass, theft and natural disasters. With their new-for-old cover, you can expect ING to replace any lost or damaged contents with brand new items of comparable value. ING is currently offering a 30% buy-online discount for the first year’s premium on combined home and contents policies.

*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.

A hand holds out a model house while the other holds bright keys over new property paperwork.

More Mozo Experts Choice Award-winners

Everybody has a unique situation that will come into play when choosing the best landlord insurance for them. Regardless of your circumstances, price will feature pretty highly on that list of priorities, as will finding a mix of coverage that’s right for you and your investment property.

A good place to start researching the details on these various features and limits is in the product disclosure statement (PDS) for each policy.

Below we've highlighted all the winners in the Exceptional Value and Exceptional Quality categories for this year’s Mozo Experts Choice Awards for Landlord Insurance^. 

Exceptional Value Landlord Insurance Winners

Protecting your investment property against unexpected events doesn’t need to break the bank. Balancing your expenses against the income generated by your rental property can be a tricky puzzle, but our experts have come to the conclusion that the below winners can keep your ongoing costs low while offsetting the risk of damage to the property.

Using 2,000 customer quotes across 38 landlord insurance providers, our panel of experts awarded the following policies:

  • Budget Direct Home & Contents Insurance
  • ING Home & Contents Insurance
  • QBE Building & Contents Insurance
  • TIO Landlord Insurance
  • St.George Essential Care Landlord (Home & Contents)
  • Westpac Essential Care Landlord (Home & Contents)

Exceptional Quality Landlord Insurance Winners

When assessing the quality of landlord insurance policies on offer, our experts looked at the level of cover offered for a range of events including loss of rent, acts of tenants and legal liabilities, among others. After assessing 38 policies, our Expert Judges awarded the following providers:

  • ANZ Landlord Building & Contents Insurance
  • Budget Direct Home & Contents Insurance
  • GIO Property & Contents Insurance
  • ING Building & Contents Insurance

Learn more about the judging process by reading our Mozo Experts Choice Home and Landlord Insurance Awards methodology report.

^See information about the Mozo Experts Choice Home Insurance Awards