What is the average cost of contents insurance in Australia?

What is average cost of contents insurance in Australia in 2025-2026 is $400 to $800 per year for $80K contents cover for average 3-bedroom house, according to Canstar, Finder and Insurance Council data, or $35 to $70 per month. Average for 2-bedroom unit with $50K to $60K contents is $300 to $500 per year, for 3-bedroom house $80K $400 to $800, for 4-bedroom house $100K to $150K contents $600 to $1,000 per year. For example, average contents insurance in NSW $500, VIC $450, QLD $600 due to flood and theft, WA $400, SA $350, TAS $300. Cheapest providers Budget Direct, Youi and Bingle offer $300 to $500 for $80K contents, while NRMA and Allianz $500 to $800 for same cover with more comprehensive flood and accidental damage. Factors affecting average include location flood or theft area can increase 20% to 50%, security with alarm and deadlocks gives 10% discount, sum insured $50K to $150K directly affects premium, excess $100 to $1,000 affects 10% to 20%, and accidental damage option adds $100 per year. For renters, contents $30K to $50K costs $250 to $450 per year plus $20M public liability. So average cost of contents insurance in Australia is $400 to $800 per year for $80K cover for average house, or $35 to $70 per month.