How much vacant land insurance costs per month in Australia is $20 to $70 per month for residential vacant block liability insurance $10M to $20M, or $240 to $840 per year. Vacant land insurance, also called vacant lot liability, covers public liability if someone injured on your vacant land, costing $200 to $500 per year for residential block up to 2 acres, which is $17 to $42 per month, and $300 to $800 per year for larger rural 5 to 20 acres, $25 to $67 per month. For example, Allianz vacant land liability $300 per year = $25 per month for $20M cover, Elders $400 per year = $33 per month for 5 acres, QBE $350 per year = $29 per month, Fast Cover public liability $250 per year = $21 per month. If you have shed on land $10K to $20K, add fire and theft $100 per year = $8 per month extra, total $33 per month. For commercial vacant land, cost higher $50 to $100 per month. So vacant land insurance per month is $20 to $70 per month for $20M public liability, or $240 to $840 per year, depending on size and location, with residential block $20 to $40 per month, rural larger $40 to $70 per month, essential to avoid liability claims $100K to $500K if trespasser injured.
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