Winner of Money magazine’s Best of the Best award for Cheapest Home & Contents Insurance three years running (2017–19).
We guarantee the quality of authorised repairs, including the workmanship and materials.
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.
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).
You can lodge an insurance claim over the phone or online at any time of the day or night, 365 days a year.
Each year we’ll increase the amounts your home and contents are insured for – to help keep pace with rising costs.
Choose your cover
You can get home or contents cover separately, or combine them.
Landlords and renters
Budget Direct home and contents insurance is not only for homeowners, but landlords and renters too.
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)
- 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
- 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:
Covers your home and contents for loss or damage caused by flooding rivers, creeks and other bodies of water.§
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.
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?
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%|
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 over 130 policies offered by more than 50 insurers, Canstar selected us as a National award winner for Outstanding Value Home and Contents Insurance in 2018.
We've also won Money magazine's Best of the Best title for Home and Contents Insurance three years running (2017-19); and a Mozo Experts Choice Award 2018 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.
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)
Frequently asked questions
What’s covered under a ‘home’ policy’?
Among other things, a home policy covers:
- your residential building, including garages
- other structures like your garden shed and fences
- domestic fixtures – items permanently attached to your house or outbuildings (e.g. built-in wardrobes, air conditioner, kitchen cupboards, dishwasher, fixed floor coverings (except carpets), awnings, in-ground swimming pool)
- permanent structural improvements (e.g. a home extension).
What’s covered under a ‘contents’ policy’?
Among other things, a home-contents policy covers:
- furniture and furnishings
- computers and electrical appliances
- clothing and shoes
- personal effects like jewellery, sunglasses and cameras (if you want your portable items to be insured when you take them with you away from your home, you’ll need to get extra Personal Effects Cover.
- fixed carpets and rugs
- internal blinds, curtains and window coverings.
Is my home covered for floods?
Your home will be covered for floods if you take out optional Flood Cover, which insures your home building and contents for loss or damage caused by flooding rivers, creeks, lakes, dams and other bodies of water.
Are valuables I take with me away from my home, like jewellery, covered?
Budget Direct home contents insurance covers the following portable items:
- musical instruments
- photographic equipment
- sporting equipment
- medical aids.
These items are automatically covered if they are lost or damaged while inside your home – subject to any limits that apply.
If you want these items to also be insured when you take them with you away from your home, you’ll need to add optional Personal Effects Cover to your policy; you can choose one or both of two cover types:
Unspecified Personal Effects: Your portable items are not specified, or listed separately, on your policy. The most we’ll pay per item is $1,000. You are required to nominate a total cover amount for a group of items damaged or lost in any one insured event: $1,000, $2,000, $3,000, $4,000, or $5,000.
Specified Personal Effects: Your portable items are specified, or listed separately, on your policy, with individual descriptions and values.
You can add one or both of the above mentioned personal effects covers to your home contents policy when you buy your insurance; or – if you’re an existing customer – by logging into your online account or contacting us.
Before you insure your jewellery, for example, we recommend you get it valued by a suitably qualified professional.
Please keep your valuations and receipts of purchase in a safe place, as we’ll need to see them if you make a claim.
Note that some portable items, like mobile phones and laptops, are only covered if they are lost or damaged inside your home by an insured event.
Home Insurance Knowledge Base
Your questions about insurance all
answered in one place.
^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.
‡Flood data based on analysis conducted by Auto & General Insurance Company Ltd. Subject to underwriting terms and conditions, please see PDS for details.