Best home insurance October 2026

Value

Youi Building and Contents Insurance

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Solid coverage for budget conscious homeowners

Customer satisfaction

Budget Direct Home & Contents Insurance

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2025 Finder Customer Satisfaction Award

Floods

QBE Home & Contents Insurance

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Cover for flood, storms, fires and more

Bonuses

Qantas Home and Contents Insurance

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Earn bonus Qantas Points

What makes a home insurance policy "the best?"

The best home insurance for you will depend on your budget and personal circumstances. Our experts have chosen a bunch of picks that will suit a range of people, but these should only be used as a guide. You should always read the PDS to know if a product is a good fit for you.

We’ve broken down our assessment into six categories based on what most Australians are looking for in a home insurance policy.

• Customer Satisfaction. We asked Australians about how they feel about their insurer and the standard of service they provide.
• Unique Features. We recognise the insurers who go the extra mile to deliver a unique customer experience.
• Flood Cover. We recognise insurers that include automatic flood cover and simplify coverage options for customers.
• Value. These insurers give customers the best bang for their buck. Our experts gathered 430 quotes from 44 insurers and reviewed policy features and price to determine a winner.
• Bonuses. We recognise insurers who reward customers with added perks on top of standard cover, such as bonus points, gift cards or other sign-up offers.
• Comprehensiveness. Many Australians want to be prepared for every scenario, but without having to pay an arm and a leg for coverage. Winners in this category maintained a good balance between cover and price.

Best home insurance in 2026

• Best for Value: Youi Building and Contents Insurance
• Best for Customer Satisfaction: Budget Direct Home & Contents Insurance
• Best for unique features: Coles Combined Home & Contents Insurance
• Best for floods: QBE Home & Contents Insurance
• Best for bonuses: Qantas Home and Contents Insurance
• Best for comprehensive: Allianz Home and Contents Insurance

Best for Value

8.7 Great Youi Building and Contents Insurance

8.7 Great

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Why we like it We like Youi home and contents insurance because the policy is full of flexibility, with unique cover features, including counselling following a claim. Youi also boasts high customer satisfaction ratings, a notable perk when you need immediate support. Pros & cons Pros Up to $1,500 per household member is offered for counselling after a claim Cons Home office damage clauses are a little vague

Best for Customer Satisfaction

9.3 Excellent Budget Direct Home & Contents Insurance

9.3 Excellent

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Discount: Up to 30% (15% Online + Up to 15% Combined) off your first year's premium for a new combined Home and Contents policy purchased online. T&Cs apply.

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Why we like it Budget Direct Home and Contents Insurance offers great value to homeowners seeking top value cover at an affordable price point. The insurer received the national win for Most Recommended Home Insurer in the 2025 Finder Customer Satisfaction Awards, pulling high satisfaction ratings across multiple categories. Pros & cons Pros Budget Direct was highly commended for Best Value Home Insurance in 2026 Budget Direct has a high Finder Score of 9.3/10 Policies are cheaper than the national average Cons Customers must pay extra if they want flood cover

Best for unique features

9.4 Excellent Coles Combined Home & Contents Insurance

9.4 Excellent

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Discount: Save up to 30% (15% Online + Up to 15% Combined) off your first year's premium when you take out a new Combined Home & Contents Insurance policy online. T&Cs apply.

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Why we like it We picked Coles for its sum insured safeguard option, which tops up your sum insured by up to 25% at claim time if your nominated amount isn't enough to repair or replace your home. Most Australians underestimate their rebuild cost, so it's a great protection against being caught underinsured after a disaster. There’s also a few other handy options like commercial storage cover for contents in a storage unit, a lifetime guarantee on authorised repairs. Pros & cons Pros Optional sum insured safeguard boosts your sum insured by up to 25% at claim time, protecting you against underinsurance. Optional extras including commercial storage cover for contents kept in a storage facility. Save up to 30% (15% Online + Up to 15% Combined) off your first year's premium when you take out a new Combined Home & Contents Insurance policy online. T&Cs apply. Cons Flood cover isn't included as standard, it's an optional extra. You'll pay extra to pay premiums monthly or fortnightly, which is free with many other insurers.

Best for floods

9.4 Excellent QBE Home & Contents Insurance

9.4 Excellent

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Discount: Get 20% off your first year with a combined policy. T&Cs apply.

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Why we like it QBE Home & Contents Insurance automatically covers flood damage. It's included in the 'insured event' storm, storm surge, rain, hail or flood. This makes claiming a little simpler. With most insurers, storms and floods are considered 2 separate insured events. This means if there is storm and flood damage to your home, you may need to pay 2 excesses – but not with QBE. Pros & cons Pros Receive a 10% discount for combining Building and Contents covers on the same policy. T&Cs apply. Finder cost research shows QBE home insurance is cheaper than the national average. QBE among a few other brands offer highest cover for legal liability, lock replacement or temporary accommodation. Cons No cover is offered for guest contents. Some brands offer up to $5,000. If you want more than $2,500 of jewellery covered, you'll have to pay extra. Food spoilage is covered up to $500. Some brands offer up to $2,000.

Best for bonuses

9.2 Excellent Qantas Home and Contents Insurance

9.2 Excellent

Optional

Optional

Bonus points offer: Earn up to 35,000 Qantas Points for joining by 25 November 2026. Plus save up to 30% on your 1st year’s premium - 15% when you take out a new policy online, and up to 15% when you combine home and contents. T&Cs apply.

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Why we like it Qantas Home Insurance is the ideal choice for homeowners looking for a little bit extra from their home insurance policy. Customers can save up to 30% on your 1st year’s premium by bundling their policies – 15% when you take out a new policy online, and up to 15% when you combine home and contents (T&Cs apply) – and have their choice of several optional add-ons to tailor their cover. Pros & cons Pros Save up to 30% on your 1st year’s premium – 15% when you sign up online and up to 15% when you bundle your contents insurance. T&Cs apply. This is an easy way to cover your home from top to bottom while saving a few bucks. Following a comparison of 40 home insurance brands, Qantas was one of the cheapest. Cons Flood cover isn't included as standard, which means you’ll need to pay extra if you want it covered. If you’re not interested in accruing Qantas Points, you may be able to snag an offer more aligned to your needs elsewhere.

Best for comprehensive

9.6 Excellent Allianz Home and Contents Insurance Finder Award

9.6 Excellent

Optional

Discount: Save up to 10% when you combine both Building and Contents covers under the one Home Insurance policy. T&Cs apply.

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Why we like it Allianz won the 2026 Finder Award for Best Home Insurance - Comprehensive. It features higher than average benefit limits, flexible excess options and a high satisfaction rating. It’s one of the cheapest providers, yet it provides similar cover to more expensive insurers. Pros & cons Pros 2026 Finder Award winner for Best Comprehensive Home Insurance Flexible excess options Generous benefit limits for items, such as jewellery Cons No underinsurance protection available, but there is an optional rebuild safety net alternative

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How we choose Australia’s best home insurance policies

Our insurance team has hand-picked 6 home and contents insurance policies. They’re based on 2026 Finder Awards data, AFCA complaints, customer reviews and a bunch of other important factors, such as flood and bushfire cover.

All the policies can pay to repair your home and its contents if damaged by an insured event such as a fire, bushfire or storm. Not all cover floods though – we've highlighted which ones in each of our reviews.

How to find the best home insurance in Australia

While budgets may be getting tighter, a lot of us still want access to the best products on the market. If you want to do the heavy lifting yourself and tailor your search, here are our top tips for finding the best home insurance for you:

• Compare, compare, compare. One of the easiest ways to find the best home insurance policy for you is to compare your options. Determine what matters most to you and use those factors to narrow down your search. We recommend obtaining quotes from at least three different insurers to ensure you get a competitive deal.
• Enquire about discounts. Whether you’re looking to snag a sign-up discount, a special offer, or a combined policy discount, speak to different insurers to see what’s on the table.
• Get in touch with your insurer. Starting from scratch is one way to go, but you do have the option of making your current policy a winner, too. Many insurers are keen to keep customers by any means possible, putting you in a position to negotiate a better deal.

"We've had a leak in our home before, and even though repairs were covered by insurance, fixing the actual issue fell to us – which cost over $16,000. So, the home sensor pack Honey sent us gave us extra peace of mind that we don't have any sneaky leaks or hidden issues."

Sarah Megginson

Money expert + media spokesperson

Home insurance for landlords and renters: what are your options?

If you’re a landlord or living in a rental property, finding the best home insurance can be tricky — but not impossible. We’ve listed some options below:

• Compare, compare, compare. As a landlord, protecting your investment property against damage is crucial to maintaining its success on the market. Landlord insurance will cover you from damage to your property, missed rental payments and more. Our research showed Budget Direct, QBE and Qantas offered some of the best landlord insurance policies around.
• Renters. If you’re a renter, you don’t have to worry too much about home cover, you’ll want to look into contents-only insurance. This covers your personal belongings inside the rental property, including furniture, appliances, electronics, tools and jewellery.
• Holiday home owners. For those who rent out their home on Airbnb or Stayz, you’ll want to consider holiday let insurance. These policies can be tacked onto your existing home and contents cover and cover things like damage caused by tenants or guests, loss of rental income, legal liability and theft.

Top 5 home insurance companies in Australia

Want to know how people actually feel about their insurer? So do we! That's why we surveyed a bunch of Australians about their home insurance provider. We asked them to rate them based on: customer service, features & benefits, ease of application, value for money and reliability. Here's who came out on top.

Brand	Overall satisfaction rating
	★★★★★ 4.25/5
	★★★★★ 4.20/5
	★★★★★ 4.11/5
	★★★★★ 3.40/5
	★★★★★ 3.36/5

We've also researched and reviewed a bunch of home insurance companies to help you decide.

If the brand you're looking for isn't here, check out our directory.

FAQs

• What is the best home insurance company?

  There are a lot of home insurance companies that could be deemed ‘the best’ but it all depends on what your individual circumstances are and what your needs look like. To give you a place to start, here are some of our recent award winners: AAMI won Best Value Home Insurance and Allianz won Best Comprehensive Home Insurance. Budget Direct and Allianz were highly commended for value, and AAMI, ALDI and QBE were highly commended for comprehensive cover.

• What is the best cheap home insurance in Australia?

  AAMI won Best Value Home Insurance in the Finder Home Insurance Awards 2026 for offering a wide range of cover at a low price. Budget Direct was highly commended for value, with policies cheaper than the national average in Finder's research.

• What home insurance company has the highest customer satisfaction in Australia?

  NRMA Insurance won the 2026 Finder Award for Customer Satisfaction, sweeping every national category. Its customers rated it highest for trust (Most Trusted, 4.30) and service (Legendary Service, 4.26), with solid scores for value (Top Value, 4.13) and being the most loved and recommended brand nationally. Its lowest-scoring area was ease of claiming (3.85).

• How much should you insure your house for Australia?

  You should insure your house for the amount it would cost to rebuild your home if it was completely destroyed. This is really hard to figure out yourself but calculators can help.

  Honey home insurance also has a really great calculator that uses third party data to estimate your rebuild costs. You can use it for free when you get a quote.

• How do I estimate the value of my contents for insurance?

  You’ll need to consider all the items in your home and how much it’d cost to replace each of them. It can help to go room by room and list what’s there; furniture, art, appliances, etc. A quick google can help you understand how much you’d need to pay to replace each item.

• Is it cheaper to combine home and contents insurance?

  Not always - it could be cheaper to separate if there’s sign up discounts with each provider. It’s always worth getting quotes for a few scenarios and going from there.

Written by

Peta Taylor

Publisher of Insurance

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Peta Taylor is a publisher at Finder, working across all of insurance. She's been analysing product disclosure statements and publishing articles for over 2 years. Peta is passionate about demystifying complex insurance products to help users make well educated decisions with confidence. Peta is part of Finder's insurance awards team and works alongside editorial and insights experts to bring users the best insurance products every year. See full bio

Co-written by

Ceyda Erem

Senior writer

Ceyda Erem is Finder’s senior writer for insurance and has almost 10 years of experience writing about personal finance. Formerly a copywriter for several business and finance clients, Ceyda has written hundreds of articles, guides, blogs and more to ensure Australians stay in the loop about how to best manage their money. She has a Bachelor of Arts, Majoring in Writing from Macquarie University. See full bio

Ceyda's expertise

Ceyda has written 226 Finder guides across topics including:

• Insurance