Money Magazine's Insurer of the Year 2019
Money Magazine's Insurer of the Year 2018
Money Magazine's Insurer of the Year 2017
Money Magazine's Cheapest Home & Contents Insurance 2019
CANSTAR's Outstanding Value Home & Contents Insurance Australia 2019

Customers rate our home insurance

4.5 out of 5 Stars
4.5 out of 5 Stars

4.5 | 6,888 Reviews*

Affordable cover

Winner of Money magazine’s Best of the Best award for Cheapest Home & Contents Insurance three years running (2017–19).

Guaranteed repairs

We guarantee the quality of authorised repairs, including the workmanship and materials.

Temporary accommodation||

If your house is unliveable due to an insured event, we’ll give you and your pets temporary accommodation for up to a year.

Optional flood cover

Only about 20% of Australian homes have some risk of flood – you only pay for flood cover if you want to.

New-for-old replacement

If your belongings are stolen or damaged beyond repair, we’ll pay to replace them with new ones.

Up to $20 million of cover for someone else’s accidental injury or death or for loss or damage to someone else's property at the insured address (home insurance) or anywhere in Australia (contents insurance).

24/7 claims

You can lodge an insurance claim over the phone or online at any time of the day or night, 365 days a year.

Inflation protection

Each year we’ll increase the amounts your home and contents are insured for – to help keep pace with rising costs.

Compare all home and contents insurance benefits, features and claim limits

Terms, conditions, limits and exclusions apply.

For full details, please read the Product Disclosure Statement.

Choose your cover

You can get home or contents cover separately, or combine them.

Home & Contents Insurance

Home & Contents Insurance

Protect your most valuable asset and your belongings by combining home and contents insurance.
Read more

Building Insurance

Home Insurance

Covers loss or damage to your house and outbuildings due to events like storms, fire and theft, including the costs of repairs or rebuilding and temporary accommodation.
Read more

Contents Insurance

Contents Insurance

Covers loss or damage to your home contents due to events like storms, fire and theft, including new-for-old replacement of items that can’t be repaired.
Read more

Landlords and renters

Budget Direct home and contents insurance is not only for homeowners, but landlords and renters too.

Landlord Insurance

Landlord Insurance

Covers loss or damage to your investment property and any contents you provide for your tenant’s use; and loss of rental income while your property is uninhabitable.
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Renters Insurance

Renter's Insurance

Covers loss or damage to the household goods and personal effects you own or are legally responsible for.
Read more

Insured events

Budget Direct home and contents insurance covers your house and personal possessions against loss or damage caused by the following insured events:

  • Storm and rainwater (flood cover is optional)
  • Fire
  • Lightning
  • Theft (or attempted theft)
  • Escape of liquid (e.g. burst pipe)
  • Impact at home (e.g. fallen tree)
  • Breakage of glass, ceramic and sanitary fixtures
  • Malicious damage, vandalism, riot or civil commotion
  • Explosion
  • Earthquake or tsunami

Upgrade your cover

For an additional premium, you can customise your home and contents insurance policies by adding one or more of the following optional covers:

Flood Cover

Covers your home and contents for loss or damage caused by flooding rivers, creeks and other bodies of water.§

Personal Effects Cover

Insures the portable items (e.g. jewellery, sunglasses, camera) you take with you away from your home.

Accidental Damage

Standard cover includes accidental damage to glass, ceramic and sanitary fixtures; Accidental Damage extends this cover (some exclusions apply – please read PDS).

Motor Burnout

In case a power surge burns out a motor in an electrical appliance you own (less than 10 years old); we’ll also pay for related spoilage of food.

Landlord Cover

Protection if your tenant defaults on their rental payments and/or steals from or maliciously damages your investment property.

Sum Insured Safeguard

If your nominated sum insured is insufficient to repair, rebuild or replace your home, we’ll increase it by up to 25% (e.g. from $400,000 to $500,000).

How do I add an optional cover to my policy?

You can add one or more of these optional covers when you get a quote and buy a policy or – if you’ve already bought a policy – by contacting us or logging into your online account and editing your policy.

How much cover do I need?

It’s up to you to determine how much it would cost to replace your home and contents if they were totally destroyed, for example, by fire – the ‘sums insured’. 

These are the maximum amounts we’ll pay, so it’s important you’re comfortable the sums insured you nominate are sufficient to replace your home and contents you wish to insure, at today's prices.

Get a quote online and save up to 30%^

Getting a Budget Direct home insurance quote takes just a few minutes.

Get a quote online and you’ll receive the following discount
Home and Contents Insurance 30%
Home Insurance 15%
Contents Insurance 15%

Compare home insurance savings

In comparison to their previous insurers' premiums, customers across Australia who switched to Budget Direct Home and Contents Insurance told us they saved an average of

$###

Use our Comparitron™ tool to compare home insurance savings reported by our customers.

Award-winning Australian home insurance

After comparing the cost and features of 135 policies offered by 52 insurers, Canstar presented us with one of only three national awards for Outstanding Value Home & Contents Insurance in 2019.

We've also won Money magazine's Best of the Best title for Home & Contents Insurance three years running (2017–19); and a Mozo Experts Choice 2019 award for Exceptional Value Home & Contents Insurance.

To cap it off, the Australian public voted us the Gold Winner in the Home & Contents Insurance category of the 2019 Reader's Digest Quality Service Awards survey.

CANSTAR's Outstanding Value Home & Contents Insurance Australia 2019
Money Magazine's Insurer of the Year 2019
Money Magazine's Cheapest Home & Contents Insurance 2019
MOZO's Expert's Choice 2019 - Exceptional Value Home and Contents Insurance
Reader's Digest - Quality Service Award 2019 - Winner

Find out more

The information on this page is a summary only. For more details about Budget Direct home and contents insurance, including the terms, conditions, limits and exclusions that apply, please read the Product Disclosure Statement (PDS)

How to make a claim

If your home and/or contents are lost, damaged or destroyed by an insured event and you need to claim, we’re here to help. Make a claim on your home insurance policy.

Frequently asked questions

What does home insurance cover?

‘Home insurance’ is an umbrella term that encompasses three variations of cover:

  • Home and contents insurance covers your house and other structures on your property as well as your belongings for loss or damage due to events like fire, theft and storms.
  • Home insurance covers your house and other structures on your property, including your garden shed, fences, and in-ground swimming pool.
  • Contents insurance covers the belongings inside your home, including furniture, whitegoods, electrical appliances, clothing, and more.

Terms, conditions, limits and exclusions apply to Budget Direct home insurance; for full details, please read the product disclosure statement.

How can I get cheaper home insurance?

There are a number of ways you can reduce your Budget Direct home and/or contents insurance premium, including:

  • Select the right level of cover: Our range of optional benefits means you don’t have to pay for cover you may not need, e.g. flood cover.
  • Buy your policy online: If you get a quote and buy a policy online, you’ll receive a 15% (home or contents) or 30% (home and contents) discount on your premium.
  • Increase your excess: Choose an excess between $100 and $5,000; by increasing your excess, you could lower your premium.
  • Pay your premium annually: By paying annually instead of in instalments (i.e. fortnightly or monthly), you’ll pay a smaller premium and avoid administration fees.
When should I get home insurance?

It’s not a legal requirement, however your lawyer or conveyancer will usually recommend you insure your home (or investment property) when you exchange signed copies of the purchase contract with the seller.

Also, most mortgage lenders require you to take out insurance before the loan becomes unconditional.

Does home insurance cover floods?

Your home and/or contents can be covered for floods if you take out Budget Direct’s optional ‘Flood Cover’.

This cover protects you against loss or damage caused by flooding rivers, creeks, lakes, dams and other bodies of water.

You can apply to add Flood Cover to your home and/or contents insurance policy when you get a quote and buy insurance or – if you’ve already bought cover – by calling us on 1800 182 310 or logging into your online account and editing your policy.

If you meet our underwriting criteria, we’ll approve your application.

Note that your Flood Cover will take effect 72 hours after you add it to your policy, unless the policy:

  • commenced immediately after another policy covering the same risks expired, without a break in cover
  • commenced on the same day you bought your home or moved to a new address.

This is designed to stop people taking out cover immediately before anticipated floods and then claiming. This in turn helps keep your premiums down.

Does home insurance cover valuables I take with me away from my home?

Among the items covered by Budget Direct contents insurance are:

  • bicycles
  • clothing
  • jewellery/watches
  • musical instruments
  • photographic equipment
  • sporting equipment
  • medical aids.

These items are covered – up to your contents sum insured – if they are lost or damaged by an insured event while inside your home.

^Online discount applies to new policies only. Terms and conditions apply.
*Based on a survey of Budget Direct Home Insurance customers conducted between 10 February 2015 and 31 May 2019. Visit www.budgetdirectreviews.com.au for more details.
||Benefit capped at 10% of sum insured. Terms and conditions apply.
§ The addition of Flood Cover to a policy is subject to our underwriting criteria.
{comparitron-disclaimer}
‡Flood data based on analysis conducted by Auto & General Insurance Company Ltd. Subject to underwriting terms and conditions, please see PDS for details.

Get a home insurance quote online