Bellerive is one of Hobart's most sought-after eastern shore suburbs — a leafy, bayside community with a relaxed lifestyle and strong property values. If you own a townhouse here, understanding what you should be paying for home and contents insurance is just as important as knowing your property's market value. This article breaks down a real insurance quote for a 3-bedroom, 2-bathroom brick veneer townhouse in Bellerive, and puts the numbers into context so you can see whether you're getting a fair deal.
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Is This Quote Fair?
The short answer: yes — exceptionally so.
This quote came in at $1,047 per year (or around $100 per month) for combined home and contents cover, with a $545,000 building sum insured and $50,000 in contents cover. Our price rating system classifies this as CHEAP — below average for the area, and the data strongly backs that up.
The suburb average for Bellerive sits at $2,742 per year, meaning this quote is roughly 62% below what most homeowners in the postcode are paying. Even the cheapest quarter of quotes in the suburb (the 25th percentile) averages $2,211 per year — still more than double this premium. For a homeowner carrying $595,000 in total cover, paying just over $1,000 annually is a genuinely strong result.
It's worth noting that the sample size for Bellerive (7018) is 19 quotes, which gives a reasonable — though not exhaustive — picture of the local market. Still, the gap between this quote and the suburb median is large enough to be meaningful, not just statistical noise.
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How Bellerive Compares
To appreciate how competitive this quote is, it helps to zoom out and look at the broader picture.
| Benchmark | Annual Premium |
|---|---|
| This Quote | $1,047 |
| Bellerive (7018) Average | $2,742 |
| Bellerive (7018) Median | $2,696 |
| Clarence LGA Average | $2,049 |
| TAS State Average | $2,814 |
| TAS State Median | $2,326 |
| National Average | $5,347 |
| National Median | $2,764 |
Across all of Tasmania, the average home insurance premium sits at $2,814 per year — nearly three times this quote. Nationally, the picture is even more striking: the Australian average is $5,347 per year, driven up significantly by high-risk areas in Queensland, Western Australia, and the Northern Territory that face cyclone, flood, and bushfire exposure.
Tasmania as a whole tends to fare reasonably well on insurance costs compared to the mainland, largely because it avoids the most severe cyclone and tropical storm risks. Within the state, Bellerive and the broader 7018 postcode sit in the Clarence LGA, which records an average of $2,049 per year — lower than the state average, reflecting the relatively benign risk profile of Hobart's eastern shore.
Even by those favourable local standards, this quote stands out as exceptional value.
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Property Features That Affect Your Premium
Several characteristics of this property likely contribute to its competitive premium. Understanding these factors can help you make smarter decisions when reviewing your own cover.
Brick Veneer Construction Brick veneer walls are generally well-regarded by insurers. They offer solid fire resistance and structural durability compared to weatherboard or lightweight cladding. This tends to translate into lower rebuild risk assessments, which can positively influence premiums.
Tiled Roof Concrete or terracotta tiles are considered a low-to-moderate risk roofing material. They're durable, non-combustible, and handle most weather conditions well. Compared to older corrugated iron or asbestos roofing, tiles typically attract more favourable underwriting terms.
Slab Foundation A concrete slab foundation is one of the more stable and predictable foundation types from an insurer's perspective. It reduces concerns around subsidence, rising damp, and the kind of structural movement that can affect older stumped or pier-and-beam homes.
1984 Construction At around 40 years old, this townhouse sits in a middle ground — old enough that some insurers may factor in wear-and-tear considerations, but well within the range of properties that are straightforward to assess and cover. Homes of this era were generally built to solid standards, and brick veneer construction from the 1980s tends to hold up well.
No Pool, No Solar Panels Both pools and solar panel systems can add complexity (and cost) to a home insurance policy. The absence of these features keeps the risk profile simple and the premium lean.
Ducted Climate Control Ducted heating and cooling systems are a fixed installation that forms part of the building sum insured. At $545,000, the building cover appears well-calibrated to account for this and other inclusions.
Standard Fittings With standard-grade fittings throughout, there's no premium loading for high-end finishes, imported tiles, or custom joinery. This keeps the rebuild cost estimate — and therefore the sum insured — realistic and proportionate.
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Tips for Homeowners in Bellerive
Whether you're reviewing an existing policy or shopping for the first time, here are four practical steps to make sure you're getting the best value on your home insurance.
1. Check Your Sum Insured Regularly Building costs have risen significantly in recent years, and what it costs to rebuild your home today may be quite different from when you first took out your policy. Use an independent building cost calculator annually to ensure your sum insured keeps pace with construction costs — being underinsured can leave you seriously out of pocket after a claim.
2. Compare Quotes Before Renewing Loyalty rarely pays in insurance. Many Australians simply renew with their existing insurer each year without checking the market. Given that the average Bellerive premium is nearly $2,700, even a modest effort to compare could save you hundreds of dollars annually. Get a quote at CoverClub to see what's available for your property.
3. Review Your Contents Cover Carefully $50,000 in contents cover is a reasonable starting point for a 3-bedroom townhouse, but it's worth doing a room-by-room inventory to make sure you're not underinsured. Electronics, jewellery, bicycles, and sporting equipment can add up quickly — and many standard policies have sub-limits on specific item categories.
4. Understand Your Excess This policy carries a $1,000 excess on both building and contents. A higher excess generally reduces your premium, but make sure you're comfortable with the out-of-pocket cost if you need to make a claim. Conversely, if your excess feels too high, it's worth asking your insurer whether a lower excess option is available and what it would cost.
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Ready to Compare?
Whether this quote reflects your own situation or you're simply curious about what home insurance should cost in Bellerive, CoverClub makes it easy to compare your options. With transparent pricing data and real quotes from Australian insurers, you can see exactly where you stand — and make sure you're not paying more than you need to.