18 June 2026
High flood-risk homes are quoted 2.6x more to insure, and the most exposed are dropping cover: CoverClub analysis
A CoverClub analysis of nearly 31,000 home insurance quotes finds homeowners in the highest flood-risk postcodes are quoted more than double the premium of equivalent low-risk homes, about $1,300 more a year. Flood-cover take-up actually falls as risk rises. CoverClub is calling on insurers to disclose flood pricing and give consumers a real choice to opt out.