What is the average cost of home insurance in Australia?

What is the average cost of home insurance in Australia in 2025-2026 for combined building and contents is $1,800 to $2,500 per year for average house, based on Canstar, Finder and Insurance Council data. Average building insurance alone for $500K sum insured is $1,200 to $1,800 per year, average contents alone for $80K sum insured is $400 to $800 per year. For example, average annual premium in NSW $1,900, VIC $1,700, QLD $2,200 due to flood and cyclone risk, WA $1,600, SA $1,500, TAS $1,400, NT $2,800. For 3-bedroom house with $500K building and $80K contents, average $1,800 to $2,200. For 4-bedroom house with $700K building and $100K contents, average $2,500 to $3,500 per year. For unit, building via strata levies $500 to $800 plus contents $300 to $500, total $800 to $1,300. Premiums increased 20% to 30% over last 2 years due to natural disasters like floods and bushfires costing $6B, reinsurance increase 30%, and rebuild costs up 40% from $300K to $500K average. Factors affecting cost include location flood or bushfire zone can double premium to $5K to $10K, construction brick cheaper than weatherboard, age, security, excess $500 to $1,000, and claims history. So average home insurance $1,800 to $2,500 per year or $150 to $210 per month for combined building and contents.