✍️ PeaceCover Editorial Team 📅 September 2026 ⏱️ 5 min read
📌 Key Takeaway: Victoria's combined home and contents cover averages $2,425/year — the cheapest of the mainland east-coast states, though bushfire-prone regional areas pay a real premium loading.

Home Insurance in Victoria

Victoria has the lowest average combined home and contents premium of the mainland east-coast states, at $2,425 a year — made up of about $2,104 for building and $525 for contents.

Cover TypeVIC Average
Building$2,104/year
Contents$525/year
Combined$2,425/year

Why Victoria Runs Cheaper

Victoria has comparatively lower cyclone and flood exposure than Queensland or the NT, and a lower incidence of the most damaging bushfire seasons in recent years relative to NSW — both factors that keep base premiums lower on average, though areas in Victoria's bushfire-prone regions (the Dandenong Ranges, parts of Gippsland) still carry a real premium loading.

2026 Award-Winning Providers

AAMI, Allianz, Budget Direct, QBE, Suncorp and Westpac all took out national 2026 Canstar awards and are consistently competitive for Victorian addresses across metro Melbourne and regional areas alike.

This page is for educational purposes and isn't personalised financial advice. Premiums, terms and eligibility vary by insurer, state and individual circumstances — always check the Product Disclosure Statement (PDS) before buying.