AAMI Home and Contents Insurance has taken out this year's Finder Award for Value. Offering similar cover to competitors at a lower price along with unique optional benefits like Complete Replacement Cover and AAMI Home Assist, it's a standout.
Full list of 2025 home insurance winners
Each month, we get crunching on most every home insurance product in Australia to see how they stack up. We rank over 50 products on 16 different features, including price. We end up with a single score out of 10 that helps you compare home insurance a bit faster.
AAMI offers the normal 3 types of home insurance: Building, Contents, and a combined Home and Contents policy. They also offer optional extras so you can tailor your policy, and Landlord Insurance to protect your investment properties.
An AAMI Home Insurance policy can cover you for these insured events and more:
AAMI offers varying excesses from $200 up to $3,000. You can choose a different excess for the building part of your policy, and a different excess for the contents part. This will impact the cost of your policy, but it also gives you the opportunity to choose an excess you feel comfortable with.
AAI Limited issues AAMI Home Insurance policies, and there's a cooling off period of 21 days in case you change your mind.
These are some of the benefits that AAMI can cover you for if an insured event causes damage to your home or property.
This is optional cover that you can take out to customise your policy. Just keep in mind, these will probably cost you a bit extra.
These are some general exclusions. This means that AAMI won't usually cover damage or loss caused by some of these things:
Always remember to check the Product Disclosure Statement (PDS) of your policy to get the full list of exclusions, so you know what you're signing up for. You can also check out our guide on general exclusions.
We looked at home insurance complaint data from the Australian Financial Complaints Authority (AFCA) between July 2022 and June 2023. The data breaks down different underwriters and compares their business size to the number of complaints processed.
When comparing insurers, keep in mind that insurers with a larger market share serve more customers, so can potentially get more complaints.
Here's an overview of how AAMI (AAI Limited) did:
AAMI is a well-known brand in the home insurance space. It offers unique benefits like Complete Replacement Cover and AAMI Home Assist which is something that most other companies don't do.
One thing to note is that AAMI's underwriter has historically had a large number of complaints, so make sure you read the PDS to understand what you're signing up for.
Not sure yet? You can compare other home insurance brands side-by-side so that you end up with a policy you're happy with.
If you've held, or currently hold, an AAMI Home Insurance policy, we'd love to hear from you. Your reviews help other Australians decide if AAMI is right for them. Some reviews are from a survey commissioned by Finder.
All user-submitted reviews must meet our review guidelines. These set out our standards and expectations, including that the review is from by a genuine user of the relevant product or service and that it is honest, authentic and respectful. We explicitly prohibit fake or otherwise misleading reviews and we check all submissions, but we make no guarantee as to the authenticity of any published review or reviewer. Some reviews may be submitted (regardless of sentiment) in exchange for entry into any competition(s) for which we are the promoter.
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