FunEmpire Australia Blog

10 Best Home Insurance Policies in Sydney [2024]

Rachel Tan Profile Photo

Home Insurance Sydney

Best Home Insurance Sydney
Best Home Insurance Sydney

Looking for the best home insurance Sydnye policy? Look no further! In this blog post, we will list 10 of the best home insurance Sydney policies. We have analyzed a variety of factors to come up with this list, including price, coverage, and customer satisfaction. So whether you are looking for comprehensive coverage or something more affordable, we have you covered!

1) Budge Direct Home Insurance Solved™

Key ServiceNew-for-old replacement
Phone1800 700 027

Both property as well as contents protection are included in this policy, which covers you for a wide range of covered occasions. Budge Direct protects your home and belongings from damage caused by storms, fire, theft, and other events. Optional covers for an extra fee may be added to your home and contents insurance policies, such as loss of earnings.

Key Differentiators:

  • Guaranteed repairs
  • Temporary accommodation
  • Optional flood cover

2) Youi Home Insurance

Key ServiceClean up and professional fees
Phone13 11 17

Youi covers the bare minimum, such as fires and bushfires, but goes beyond that. It will also cover soot or smoke damage from a bushfire or any other accidental fire within 100 metres of your home and pay for temporary accommodation if you’re told by the local authorities to evacuate. For example, it clearly specifies you’re covered for accidental fires, including fires caused directly by mechanical or electrical failures. Some other insures don’t mention this, others will cover it under accidental damage but as an optional add-on; its PDS is much more detailed than these companies’ ones.

Key Differentiators:

  • 24/7 claims
  • Cover while you move
  • One event, one excess

3) QBE Home Insurance

Key ServiceBuildings and contents cover for homeowners
Phone133 723
Operating HoursMon to Fri 8am-7pm

QBE’s policy holders are automatically covered for flood damage under the ‘storms’ umbrella, which encompasses events such as storm surge, rain, hail or flood. This makes claiming a little simpler. With most insurers, storms and floods are considered 2 separate insured events. With QBE, you will never have to pay more than one excess for storm and flood damage.

Key Differentiators:

  • Buildings and contents cover for homeowners
  • 24/7 friendly and helpful claims service
  • Up to $30 million legal liability cover

4) Honey Home Insurance

Key ServiceGet up to 8% off your premiums every year
Phone137 137

Honey Home Insurance gives you $250 worth of smart sensors when you join up. They aid in the detection of house accidents and the prevention of claims (reducing your premiums). Signing up for our home insurance is both quick and easy. We remove a lot of the work you would typically need to do, such as using third-party data to gather information about your property – like the materials used to construct it, its location, and the year it was built.

Key Differentiators:

  • Flexible coverage for your essentials 
  • Gives you $250 worth of smart sensors when you sign up
  • Get up to 8% off your premiums every year

5) Woolworths Home Insurance

Key ServiceFlexible cover, tailored to you
Phone1300 10 1234

There’s an ongoing cost of living concern in Australia, and Woolies is giving a home insurance policy that may assist you save money on your food purchases. Every month, they’ll give you 10% off your entire purchase. Its broad coverage for accidental damage, as well as being the only one available, is particularly appealing if you have any younger children in the house.

Key Differentiators:

  • Save up to 20% when you buy a combined Woolworths Home and Contents policy online
  • Flexible cover, tailored to you
  • Friendly claims team

6) Allianz Home and Contents Insurance

Key ServiceUp to 30% No Claim Bonus
Phone13 1000

At Allianz, we understand the importance of your home.That’s why we cover the cost of loss or damage to not only your house, but also to structures like your garage, fences, and sheds. It also protects you against losses or damage to your investment property and/or the contents you provide to your tenant. Purchase a building-only, contents-only, or a combination policy.

Key Differentiators:

  • Option to pay monthly
  • Up to 30% No Claim Bonus
  • Instant Certificate of Currency

7) AAMI Home Insurance

Key ServiceSave 20% off your 2nd eligible policy online
Phone13 22 44
+61 3 8520 1300

AAMI home insurance is one of the most affordable home and contents policies in the market. It covers accidental loss or damage to your home and contents, as well as legal liability. You can tailor your policy to suit your needs and budget, with a range of optional extras available.

Key Differentiators:

  • Affordable home and contents insurance
  • Very efficient
  • Save 20% off your 2nd eligible policy online

Customer’s Review:

I had a claim and was expecting a horrible process to go through, However right from the first call through to getting all matters sorted AAMI Crew was simple awesome, I was and am so happy to have chosen AAMI to be my insurer for all my assets. great work and all the best.


8) GIO Home Insurance

Key ServiceSafety net home protection
Phone13 10 10

GIO Home Insurance covers you for a wide range of hazards, including fire damage. You may choose from a variety of coverage options and customize your policy to fit your needs. Whether you’re an owner-occupier, renter, or landlord, you know that your house is more than just four walls and a roof. Feel secure knowing that GIO can help you protect your house with Home Insurance, Home and Contents Insurance, or Landlord Insurance.

Key Differentiators:

  • Safety net home protection
  • Covers items that you may use away from home
  • Helps cover accidental loss or damage

Customer’s Review:

Found the process easy to follow. Convenient doing it online.


9) CGU Home Insurance

Key ServiceSimple claims process
Phone13 24 81

CGU Home Insurance is one of the most comprehensive home and contents policies in the market. It covers accidental loss or damage to your home and contents, as well as legal liability. You can tailor your policy to suit your needs and budget, with a range of optional extras available.

Key Differentiators:

  • Offer pay by the month at no extra cost
  • Simple claims process
  • With 160 years of insurance experience

10) Business Insurance Specialists

Key ServicePersonal visitation by your insurer to value and assess home
Phone(07) 3139 3900

In addition to providing coverage for your home and belongings, Business Insurance Specialists’ Prestige or Luxury Home insurance also offers unique benefits.In order to ensure that high net worth individuals with many assets and luxury homes are fully protected, it is important for them to consider having higher levels of insurance coverage.

Key Differentiators:

  • Guaranteed replacement with extended rebuild replacement cost coverage
  • Personal visitation by your insurer to value and assess home
  • Boat Jetties and pontoons covered

Home Insurance Sydney

There are a number of home insurance Sydney policies that offer different levels of protection. It is important to understand what your policy covers and does not cover so that you can be sure your home and belongings are fully protected in the event of an accident or loss. The home insurance Sydney market is very competitive, so be sure to compare policies and quotes before you make a decision.

Since you have made it to the end, it would be great if you could check out the awesome articles that we have written for you! Maybe, it will help you add more fun to your daily lifestyle.

Rachel Tan - FunEmpire

Article by

Rachel Tan is the editor at FunEmpire Media Australia. She has over 8 years of experience in the media industry discovering the best local businesses, places and things to do in Australia. From lifestyle, entertainment, food, travel, education and more, Rachel is a trusted source to curate the very best Australia has to offer.