Honey's home sensors help detect fire, water, damage and theft to minimise risk
Up to $20,000 covered for your home office. We couldn't find a brand that offered more
Honey home insurance is around 8% cheaper than the national average, according to Finder research
Cons
Only $500 of guest contents is covered. Some brands cover up to $5,000
There's no cover to allow for environmental upgrades when replacing items
You'll have to pay extra to get cover for electrical burnout
How does Honey compare with other popular providers?
Honey differs from many home insurance brands as it offers customers three smart home sensors, to detect and minimise the risk of fire, water, damage, and theft. Its policies are cheaper than the national average and have competitive benefit limits.
Features
Price
As part of our 2024 awards, our insurance experts researched 45 home insurance brands and got over 400 quotes. This research showed the average cost of home insurance is $2,044, Honey was cheaper than average at $1,924. There are cheaper home insurance policies available including AAMI, QBE & Budget Direct, but keep in mind that the best home insurance for you may depend on more than just price.
Remember, your quote may look different as pricing is highly dependent on specific situations.
Winner for Best Home Insurance - Comprehensive 2023
What additional cover options are available?
Honey has a good range of additional cover options - more than many other brands. They can include:
Accidental damage - Protection if your home or contents are accidentally damaged. For example, spilled wine ruins your favourite rug.
Mobile phones - Loss or damage to your mobile phone while in Australia or New Zealand.
Individual items - Increase the insured limit of individual items, such as jewellery.
Small business - Get covered for loss or damage to equipment or stock associated with your small business.
Away from home - Insure specific items while you're out of the house, such as jewellery, cameras, or handbags.
Motor burnout - Loss or damage to electric motors or sealed units that are up to 10 years old and is caused by motor burnout.
Honey home insurance claims process
Honey home insurance has an online claims process, managed through its website. You'll need the email you used when buying insurance to start the process. If you're not sure, or need help, you can contact Honey on 137 137.
Honey home insurance complaints information
Honey home insurance is provided by RACQ. In the last financial year, the Australian Financial Complaints Authority (AFCA) received 363 complaints about RACQ's home and contents insurance 93 of those were resolved at registration and referral, 270 progressed to case management and 712 of those were closed at case management.
FAQs
Honey home insurance is underwritten by RACQ.
You can claim on your Honey home insurance policy online. If you need help, you can call 137 137.
Yes, Honey home insurance covers flood damage as standard.
Nicola Middlemiss is a contributing writer at Finder, with a special interest in personal finance and insurance. Formerly a business and finance journalist, Nicola has written thousands of articles helping Australians better understand insurance and grow their personal wealth. She has contributed to a wide range of publications, including Domain, the Educator, Financy, Fundraising and Philanthropy, Insurance Business, MoneyMag, Mortgage Professional, Yahoo Finance, Your Investment Property, and Wealth Professional. Nicola has a Tier 1 General Insurance (General Advice) certification and a Bachelor's degree from the University of Leeds. See full bio
Nicola's expertise
Nicola has written 239 Finder guides across topics including:
Personal finance
Personal insurance, including car, health, home, life, pet and travel insurance
A home insurance calculator can give you a rough estimate on the value of your home and contents. But is that what you really want? Find out how to not underinsure or overinsure your home.
Motor burnout covers those big appliances in your home in the event that they let you down. This article will show you what it is, why it's important and how much it can cost you.
Hi Gary, I am newly appointed to write with you through First Connect. Questions 1) I understand you can add flood if requested? Correct? 2) Does the client get $250 in FREE sensors? 3) What is your AM Best rating? Have quotes to do now. Thank you, Don Jenson CFS
Finder
SarahJune 27, 2024Finder
Hi Don,
We’re a review and comparison site, we’re not affiliated with Honey directly. You can get in touch with them re: your questions on 137 137.
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Hi Gary, I am newly appointed to write with you through First Connect. Questions 1) I understand you can add flood if requested? Correct? 2) Does the client get $250 in FREE sensors? 3) What is your AM Best rating? Have quotes to do now. Thank you, Don Jenson CFS
Hi Don,
We’re a review and comparison site, we’re not affiliated with Honey directly. You can get in touch with them re: your questions on 137 137.