What is the average cost of landlord insurance in Australia?

What is average cost of landlord insurance in Australia in 2025-2026 is $300 to $600 per year for building $500K plus contents $20K to $50K and rent default and tenant damage, plus building insurance $1,200 to $1,800 if separate, total $1,500 to $2,400 combined. Average landlord insurance premium for $500K building with $20K contents and rent default cover 12 months $10K to $20K is $350 to $550 per year from Terri Scheer, EBM RentCover, AAMI, Allianz, NRMA, with Budget Direct cheaper $200 to $400 but less rent default. For $700K building, average $400 to $700 per year. For unit $400K building via strata plus contents $20K and rent default, $300 to $500 per year. Factors affecting cost include location flood zone can double to $800, rent amount $500 per week versus $800, building sum insured, excess $400 to $600 and claims history. For example, Terri Scheer landlord insurance for $500K house $450 per year plus building $1,500 = $1,950 total, EBM $400 plus building $1,400 = $1,800, AAMI $350 plus building $1,300 = $1,650. So average cost of landlord insurance $300 to $600 per year for contents, rent default and liability, plus building $1,200 to $1,800, total $1,500 to $2,400 per year for house, $800 to $1,300 for unit via strata.