Find out how much you could save by switching to us

In comparison to their previous insurers' combined home and contents insurance premiums, our customers nationwide told us they saved an average of $### by switching to us.

Here are their self-reported savings:

†See what this figure is based on

Customers who bought… Told us they saved an average of…
Combined Home and Contents Insurance $
Home Only Insurance $
Contents Only Insurance $

Award-Winning Australian home insurance

After comparing the cost and features of 72 policies, from 50 other insurers, Canstar presented us with the National award for Outstanding Value Home & Contents Insurance for the seventh year in a row in 2023.

We’ve also won Money magazine’s Insurer of the Year title seven years running (2017–2023); Best of the Best title for Home & Contents Insurance (2022–2024); and Finder's 2023 Best Home Insurance - Value award.

Money Magazine's Best of the Best Home & Contents Insurance 2024
Money Magazine's Insurer of the Year 2023
CANSTAR's Insurer of the Year 2024
CANSTAR's Outstanding Value Home Insurance 2020 to 2023
CANSTAR's Outstanding Value Home & Contents Insurance 2017 to 2023
Finder Awards 2023 Winner, Home Insurance — Value

More ways to save

There are a number of ways you can reduce your premium even further:

Select the right level of cover

Our range of optional covers means you don’t have to pay for insurance you may not need, e.g. flood cover.

Buy your policy online

If you get a quote and buy a new policy online, you’ll receive a 15%^ discount (Home only or Contents only) or 30%^ discount (combined Home and Contents) on your first year’s premium.

Increasing your excess

Choose an excess between $100 and $5,000; by increasing your excess, you could lower your premium. Always choose an excess you’ll be comfortable to pay at claim time.

Pay your premium annually

By paying annually instead of in instalments (i.e. fortnightly or monthly), you’ll pay a lower premium and avoid instalment processing fees.

How to switch

Switching to Budget Direct home insurance from your current insurer is quick and easy:



Compare different insurers’ products and get quotes – you may find it useful to read the insurers’ key fact sheets, which explain simply, clearly and briefly what the products’ most important benefits are.



If you get a quote and buy a new Budget Direct policy online, you’ll save 15%^ (Home only or Contents only) or 30%^ (combined Home and Contents) on your first year’s premium.



Once you’re covered by us, contact your previous insurer to decline their renewal offer or cancel your other policy mid-term.

Note that if you cancel mid-term, your previous insurer may refund any unused portion of your premium; however, they may charge you a cancellation fee.

Get a quote online and save up to 30%^

Get a quote online – it’s quick and easy. If you get a quote and buy a new policy online, you’ll receive a 15%^ discount (Home only or Contents only) or 30%^ discount (combined Home and Contents) on your first year’s premium.

Types of home insurance

Among other things, the price of your home insurance, or premium, depends on your level of cover; the more extensive the cover, the more it costs.

We offer three types of home insurance:

Home Insurance

Covers loss or damage to your house, including garages, other structures like your garden shed and fences, domestic fixtures (e.g. built-in wardrobes, air-conditioners, awnings) and permanent structural improvements (e.g. a home extension).

Read more

Contents Insurance

Covers loss or damage to your household belongings, including your furniture and furnishings, computers and electrical appliances, kitchenware, carpets, curtains, clothing and shoes.

Read more

Home and Contents Insurance

Covers your home and your contents, as outlined above.

Read more

If you're already a customer, the type of cover you have is shown on your insurance certificate and in your online account.

Compare our different types of home insurance

Praise for Budget Direct

“According to Canstar Research, Budget Direct provided competitively priced policies with a comprehensive level of cover...home insurance customers can access fire, theft, storm and optional flood cover, as well as cover for accidental breakage of glass...and the option to add accidental damage”

CANSTAR research team, February 2022

“Budget Direct is Australia's most awarded insurer with a well-earned reputation for consistently offering some of the lowest premiums across many of the market segments in which it compete”

2022 Money Magazine Insurer of the Year award citation

Get a home insurance quote online