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Home insurance calculator

At Youi, we understand how important it is to feel that your home and the items within it are safe and secure. We take the time to listen closely and ask the right questions, so you can choose the right amount of coverage. On this home insurance calculator page, we’ve included useful information about home insurance costs and home insurance in different Australian states and territories, so you can get an idea of what might work for you and your home.

At Youi, we understand how important it is to feel that your home and the items within it are safe and secure. We take the time to listen closely and ask the right questions, so you can choose the right amount of coverage. On this home insurance calculator page, we’ve included useful information about home insurance costs and home insurance in different Australian states and territories, so you can get an idea of what might work for you and your home.

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How much would it cost to rebuild your home?

Our sum insured calculator is powered by CoreLogic, a leading Australian property valuations provider. In a matter of minutes, you can get an estimate of how much it might cost to rebuild your property. The calculator does this by analysing the details of your home against construction industry data, to provide a property rebuild cost estimate.

If you’re wondering how much your home insurance might cost, you can also start a quote with us today.

 

How is the cost of home insurance calculated?

When it comes to the cost of home insurance, there are a number of different factors that can impact your premium. We’ve outlined a few of them below on this home insurance calculator page. 

If you start a quote for home insurance with Youi, we’ll take these factors into account and provide you with a premium that’s based on your individual circumstances.

Address and building type

The street address of your home, as well as the building type (e.g. free-standing house, semi-detached house or apartment) will be taken into account when you start a quote for home insurance. We’ll also need to know whether your home is built on a concrete slab, foundations or poles.

Size and year of construction

The year that your home was constructed, as well as the number of bedrooms, bathrooms, storeys and garages, can make a difference to your home insurance premium. Another significant factor is the types of building materials that have been used for the walls, floors and roof.

Your level of cover

The cost of your home insurance will depend on the level of coverage you choose. For instance, if you only want to insure the building itself, you can choose our Building insurance. Alternatively, you can choose our Building & Contents insurance if you want to cover both the building and its contents, or opt instead for just our Contents insurance. Each of these levels are priced differently.

Insurance excess

The amount of excess you decide to pay as part of your cover can impact the cost of your home insurance. You can usually reduce your premium by choosing to pay a higher excess on your policy. However, this does mean that you’ll have to pay more if you need to lodge a claim. It’s all about choosing what’s right for you.

Structures and features

The structures and features of your home can impact your premium amount. When you start a quote with Youi, we’ll need to know whether your home has a balcony, shed, fireplace, jetty, pool, spa and solar power.

Sum insured amount

The sum insured amount is how much it would cost to completely replace your building. Since insurance premiums are calculated based on, among other things, how much it might cost to repair or rebuild your home, the higher the sum insured amount, the higher your premium is likely to be. If you use the CoreLogic home insurance sum insured calculator, you’ll be able to get an idea of how much your sum insured amount is.

Claims history

The number of home insurance claims you’ve made can have an impact on your premium. More claims can often mean a higher cost for cover. For this reason, we’ll need to know whether you’ve made a claim on a building or contents insurance policy in the past few years.

Other considerations

Another question we’ll ask when you start a quote for home insurance is whether there are any trees taller than 2 storeys within 20 metres of your buildings. We’ll also need to know whether asbestos has been used anywhere in the construction of your home, and what kind of materials have been used for your kitchen flooring.

The street address of your home, as well as the building type (e.g. free-standing house, semi-detached house or apartment) will be taken into account when you start a quote for home insurance. We’ll also need to know whether your home is built on a concrete slab, foundations or poles.

The year that your home was constructed, as well as the number of bedrooms, bathrooms, storeys and garages, can make a difference to your home insurance premium. Another significant factor is the types of building materials that have been used for the walls, floors and roof.

The cost of your home insurance will depend on the level of coverage you choose. For instance, if you only want to insure the building itself, you can choose our Building insurance. Alternatively, you can choose our Building & Contents insurance if you want to cover both the building and its contents, or opt instead for just our Contents insurance. Each of these levels are priced differently.

The amount of excess you decide to pay as part of your cover can impact the cost of your home insurance. You can usually reduce your premium by choosing to pay a higher excess on your policy. However, this does mean that you’ll have to pay more if you need to lodge a claim. It’s all about choosing what’s right for you.

The structures and features of your home can impact your premium amount. When you start a quote with Youi, we’ll need to know whether your home has a balcony, shed, fireplace, jetty, pool, spa and solar power.

The sum insured amount is how much it would cost to completely replace your building. Since insurance premiums are calculated based on, among other things, how much it might cost to repair or rebuild your home, the higher the sum insured amount, the higher your premium is likely to be. If you use the CoreLogic home insurance sum insured calculator, you’ll be able to get an idea of how much your sum insured amount is.

The number of home insurance claims you’ve made can have an impact on your premium. More claims can often mean a higher cost for cover. For this reason, we’ll need to know whether you’ve made a claim on a building or contents insurance policy in the past few years.

Another question we’ll ask when you start a quote for home insurance is whether there are any trees taller than 2 storeys within 20 metres of your buildings. We’ll also need to know whether asbestos has been used anywhere in the construction of your home, and what kind of materials have been used for your kitchen flooring.

Choosing the right level of cover for you

Youi has a range of coverage options so you can choose the level of home insurance you’re looking for. From Building & Contents to Landlord insurance, all of our insurance options offer quality coverage backed by quality service. Take a look to see what might suit your needs, or start a quote.

Home insurance cover by state

Just like every Australian state and territory has something that makes them unique, home insurance can also be different, depending on where your home is located.

New South Wales

While it’s got a reputation for having some of the heftiest house prices in the country, we know it’s not all quaint terrace houses and Harbourside mansions. New South Wales is a diverse place, made up of unique individuals and their homes. In NSW, around 84%* of people who switched to Youi told us they saved an average of $275 per year* on their home insurance.

An image of Sydney harbour

Figures are based on feedback received from 4,248 Youi policy-holders residing in New South Wales who responded to an opt-in survey between 27 May 2023 and 26 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

Queensland

Ah, Queensland. While the homes are known for their high ceilings and huge backyards, we know it's not all Queenslanders and surf shacks. Queensland is a diverse place, made up of unique individuals and their homes. In Queensland, around 76%* of people who switched to Youi told us they saved an average of $250 per year* on their home insurance. 

An image of the Gold Coast coastline

Figures are based on feedback received from 3,349 Youi policy-holders residing in Queensland who responded to an opt-in survey between 27 May 2023 and 26 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

Victoria

While Victoria is known as Australia’s metro hipster hotspot, we know it’s not all inner-city apartments and red-brick townhouses. Victoria is a diverse place, made up of unique individuals and their homes. In Victoria, around 82%* of people who switched to Youi told us they saved an average of $257 per year* on their home insurance. 

An image of the Great Ocean Road

Figures are based on feedback received from 3,781 Youi policy-holders residing in Victoria who responded to an opt-in survey between 27 May 2023 and 26 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

Western Australia

Although Western Australia is known for being Australia’s resource state, we know it’s not all mines, wines and coastal living. Western Australia is a diverse place, made up of unique individuals and their homes. In Western Australia, around 68%* of people who switched to Youi told us they saved an average of $226 per year* on their home insurance. 

The Elizabeth Quay Bridge in Perth

Figures are based on feedback received from 608 Youi policy-holders residing in Western Australia who responded to an opt-in survey between 28 May 2023 and 26 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

South Australia

Ah, South Australia. While it’s known for being Australia’s epicentre for all things wine, we know it’s not all rolling hills and rural properties. South Australia is a diverse place, made up of unique individuals and their homes. In South Australia, around 72%* of people who switched to Youi told us they saved an average of $224 per year* on their home insurance. 

A vineyard at sunset in South Australia.

Figures are based on feedback received from 668 Youi policy-holders residing in South Australia who responded to an opt-in survey between 28 May 2023 and 25 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

Australian Capital Territory

While the ACT is known as the place where Australia’s big decisions are made, we know it’s not all bureaucrats and government buildings. The ACT is a diverse place, made up of unique individuals and their homes. In the ACT, around 87%* of people who switched to Youi told us they saved an average of $256 per year* on their home insurance. 

An image of Parliament House in Canberra.

Figures are based on feedback received from 228 Youi policy-holders residing in the ACT who responded to an opt-in survey between 29 May 2023 and 26 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

Tasmania

Tasmania is known as Australia’s natural wonderland, but we know it’s not all forest homes and eco living. Tasmania is a diverse place, made up of unique individuals and their homes. In Tassie, around 79%* of people who switched to Youi told us they saved an average of $252 per year* on their home insurance. 

A road overlooking The Nut in Tasmania.

Figures are based on feedback received from 446 Youi policy-holders residing in Tasmania who responded to an opt-in survey between 27 May 2023 and 25 May 2024. Survey results are based on information provided by new customers and have not been independently verified by Youi. Youi has not undertaken a comparison between surveyed customers' former product and its own. Survey results include customers who bought home insurance products. Premiums and savings are subject to rating and underwriting and individuals' own circumstances.

* Disclaimer

Home insurance FAQs

Now that you’ve explored our home insurance calculator page, here are some frequently-asked questions about home and contents insurance.  

If you’d like a little more info, check out the Product Disclosure Statement or give us a call on 13 9684 to speak with one of our friendly team members. 

VIEW THE PDS

Your home insurance premium will depend on a number of variable factors including the street address, the year the house was built, the building materials used, its size, the types of appliances that have been installed (including air conditioning and hot water systems), and the level of coverage you need. Essentially, home insurance premiums are calculated based on how much it would cost to replace your home if it’s destroyed or damaged, as well as the chances of damage occurring.  

The CoreLogic sum insured calculator works by generating an estimate of rebuild costs. When it comes to insurance, this estimate is potentially more important than the market value of your home, or how much you originally paid for it.  

If you’d like a more accurate idea of how much it might cost to insure your home, start a quote today.  

No, it’s not a legal requirement of home ownership in Australia to have home and contents insurance. However, it’s always a good idea to explore your home insurance options, to protect your investment in case something unexpected happens, such as a storm, fire or flood.  

Head over to our Home insurance page for more information about keeping your home covered, or start a quote

Home insurance premiums are calculated based on, among other things, how much it would cost to repair or rebuild your house following an insured event. The location of your house will be taken into account when you start a quote for home insurance because certain suburbs have higher crime rates, while others are more susceptible to extreme weather events. The cost of your home insurance will also depend on the level of coverage you have chosen, plus the level of excess (i.e. a pre-agreed amount of money you’ll need to pay if you make an insurance claim).  

If you want to get an estimate of how much it might cost to rebuild your home, you can use the CoreLogic sum insured calculator. You can also start a quote with Youi to get a more accurate idea of how much it might cost to keep your home covered.  

VIEW THE PDS

Guides 

Looking for more information? Catch up on our latest guides to navigate your home insurance needs and answer some commonly-asked questions.

Disclaimer

1 The Cordell Sum Sure Estimate is an estimate of the cost to rebuild the improvements on your property and is generated by the Cordell Sum Sure Calculator which uses available property attribute information (including information you input or confirm) combined with information collated by CoreLogic about the subject property (from insurers and other third party sources) and analyses them against construction industry data and other data collated by us to statistically derive a rebuild estimate through a series of computer implemented algorithms (Cordell Sum Sure Estimate). The Cordell Sum Sure Estimate does not take into account individual design features, site specific conditions, structural conditions and materials, local planning laws or any other regulations and may not be suitable for your particular circumstances. The Cordell Sum Sure Estimate is an indicative guide only and must not be relied upon as an accurate representation of the costs associated with rebuilding your property or in lieu of appropriate professional advice. While CoreLogic uses commercially reasonable efforts to ensure the Cordell Sum Sure Estimate is current, CoreLogic does not warrant the accuracy, currency or completeness of the Cordell Sum Sure Estimate and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cordell Sum Sure Estimate.