The best and cheapest home and contents insurance in every state

Home insurance is essential if you own your own place. But with so many policies on the market, it’s difficult to know where to start looking.

In our home and contents review we use a national price rating to assess value for money. But in this article, we break down prices state-by-state, so you can find the the cheapest home insurance in your location. 

We then use this information combined with our expert analysis of what each policy covers to reveal the best value insurance policies across the country.

On this page:

• How much does home and contents insurance cost?
• Cheapest insurers by state
• How to choose the right home insurance policy
• Best value home and contents insurance by state

How much does home and contents insurance cost?

The cost of home insurance is continuing to rise at a rapid rate, putting more unwelcome financial pressure on households.

We crunched the numbers to see how much Australians are paying for home and contents insurance across the country.

Cheapest insurers by state

We recommend regularly reviewing your insurance policy to make sure you’re only covered for what you need, and that you’re getting the best price for your cover.

We found the cheapest insurance products in each state so you can check whether they’re right for you.

These policies don’t necessarily provide the best cover, however, so make sure you read the product disclosure statement (PDS) and learn more about the cover details of these policies in our home and contents comparison before making the switch. We used the same method to calculate Price scores that we use in our comparison, but limited the quotes by state. We looked at over 40 products, with the number of quotes per product ranging from up to 36 in ACT to over 1500 in Queensland.  

We reveal the best value policies (as opposed to simply the cheapest) further down, exclusively for CHOICE members. If you’d like to make sure you’re getting the best value for your dollar, sign up or log in below.

How to choose the right home insurance policy

If you want real value for money in insurance, you also need to look at what’s covered by each policy. To do this yourself, you’ll need to go through the policy documents for each product and compare the points of coverage that are important to you. Or you could use our Cover score, which is calculated by our insurance experts and is available to CHOICE members.

We look at how insurers cover over 500 different things, and allocate points for everything, from whether the policy includes an under-insurance safety net and flood cover, to how much they’ll pay for food spoilage during a blackout, or furniture damaged when moving house.

We then convert this to a percentage so you can easily compare the level of cover between one policy and another.

Best value home and contents insurance by state

We have used our Cover score with state-based prices to reveal the policies that offer the best bang for your buck in your state. Log in to unlock this members-only content, or join CHOICE to get instant access to all of our expert, independent reviews.

Becoming a CHOICE member also gives you access to a massive library of product and service reviews and comparisons based on our rigorous independent lab testing and expert knowledge so you can choose products and services with confidence.

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Jane Bardell

Jane Bardell is a Content producer in the Insurance and utilities team. She writes about home, car, pet and health insurance. Previously at CHOICE, she checked facts, figures and statistics as a Verifier with the Editorial and investigations team. Jane has a Bachelor of Science from the University of New South Wales.  LinkedIn

Jane Bardell is a Content producer in the Insurance and utilities team. She writes about home, car, pet and health insurance. Previously at CHOICE, she checked facts, figures and statistics as a Verifier with the Editorial and investigations team. Jane has a Bachelor of Science from the University of New South Wales.  LinkedIn