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.
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.
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.
| Provider | Average cost | Apply |
|---|---|---|
 | $1,923.90 | |
 | $1,241.44 | |
 | $1,125.97 | |
 | $831.86 |
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.
Receive $250 worth of smart sensors with Honey Home Insurance
Honey received highly commended award for 'Insurance Innovation' in the 2023 Innovation Awards.
Full list of 2023 winnersHoney has a good range of additional cover options - more than many other brands. They can include:
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 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.
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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.