If you own a free standing home in Blumont, TAS 7260, you've probably wondered whether your home insurance premium is competitive — or whether you're quietly paying more than you should. This article breaks down a real home and contents insurance quote for a four-bedroom property in Blumont, compares it against Tasmanian and national benchmarks, and offers practical tips to help you get better value from your cover.
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Is This Quote Fair?
The quote in question comes to $2,928 per year (or $277 per month) for combined home and contents insurance, covering a building sum insured of $825,000 and contents valued at $150,000. The building excess is set at $3,000, with a separate $1,000 excess applying to contents claims.
Based on our price rating system, this quote is classified as Expensive — above average. That doesn't necessarily mean it's the wrong policy, but it does signal that there may be room to shop around.
To put it in context: the Tasmanian state average for home insurance sits at $2,458 per year, with a median of $2,272. This quote runs roughly $470 above the state average and more than $650 above the state median. Against national figures — an average of $2,965 and a median of $2,716 — the quote is actually closer to the norm, sitting just under the national average. So while Blumont homeowners may be paying more than their Tasmanian neighbours on average, they're broadly in line with what Australian homeowners pay nationally.
One important caveat: the LGA average for Launceston is listed at a striking $8,558 per year, which is substantially higher than this quote. That figure likely reflects a wide spread of property types and risk profiles across the broader Launceston local government area — including higher-value or higher-risk properties — so it's not the most useful direct comparison for a typical Blumont home.
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How Blumont Compares
Here's a quick snapshot of where this quote sits relative to available benchmarks:
| Benchmark | Annual Premium |
|---|---|
| This Quote | $2,928 |
| TAS State Average | $2,458 |
| TAS State Median | $2,272 |
| National Average | $2,965 |
| National Median | $2,716 |
| Launceston LGA Average | $8,558 |
Unfortunately, suburb-level data for Blumont isn't available at this stage, which makes granular comparisons tricky. You can check the latest figures as they become available on the Blumont suburb stats page, or browse Tasmania-wide insurance data and national home insurance statistics for broader context.
What we can say is that paying above the state average — but below the national average — isn't unusual for a well-specified, mid-sized home with a relatively high building sum insured. The $825,000 building cover is a significant figure, and that alone will push premiums upward compared to properties insured for less.
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Property Features That Affect Your Premium
Several characteristics of this property play a meaningful role in determining the premium. Understanding them can help you have a more informed conversation with your insurer.
Hardiplank / Hardiflex external walls Fibre cement cladding like Hardiplank is generally viewed favourably by insurers. It's durable, fire-resistant, and low-maintenance compared to timber weatherboards. This should work in your favour when it comes to pricing.
Steel / Colorbond roof Metal roofing is another tick in the box — it holds up well in storms, resists ember attack, and has a long lifespan. Insurers typically rate Colorbond roofs positively compared to older materials like tiles or asbestos sheeting.
Pole/stump foundation (elevated less than 1 metre) The home sits on a pole or stump foundation, elevated slightly off the ground. While this style of construction is common across parts of Tasmania and offers benefits like underfloor ventilation, it can introduce additional considerations around structural exposure. The elevation here is minimal (under 1 metre), which generally keeps risk ratings manageable.
Solar panels The presence of solar panels adds to the replacement value of the property, which can nudge premiums upward. It's worth confirming with your insurer that your panels are explicitly covered under your building policy — not all standard policies include them by default, or they may be subject to sub-limits.
214 sqm floor area, 4 bedrooms, 2 bathrooms This is a comfortably sized home. Larger floor areas mean higher rebuild costs, which directly influences the building sum insured and, in turn, the premium. At $825,000 insured, the per-square-metre rebuild estimate comes to roughly $3,850 — broadly reasonable for a well-built Tasmanian home, though it's always worth getting an independent building valuation to confirm you're neither under- nor over-insured.
No pool, no ducted climate control, not in a cyclone zone The absence of a pool and ducted HVAC simplifies the risk profile slightly. And being outside a designated cyclone risk area is a meaningful factor — cyclone-rated premiums in northern Australia can be dramatically higher.
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Tips for Homeowners in Blumont
1. Get an independent rebuild estimate The building sum insured of $825,000 is substantial. If it's based on a rough estimate rather than a professional quantity surveyor's assessment, you could be over-insured (and overpaying) — or worse, under-insured and exposed in the event of a total loss. A proper rebuild valuation every few years is money well spent.
2. Confirm solar panel coverage With solar panels on the roof, check the fine print of any policy you're considering. Some insurers cover panels automatically as part of the building; others require a specific endorsement or have caps on what they'll pay out. Don't assume — ask directly.
3. Review your excess settings This quote carries a $3,000 building excess. Opting for a higher excess is a common way to reduce premiums, but $3,000 is already on the higher end. If you haven't deliberately chosen that level, it's worth asking whether a lower excess option is available and what the premium difference would be.
4. Compare at least three quotes Tasmania's insurance market has enough variation that shopping around genuinely pays off. The gap between the state median ($2,272) and this quote ($2,928) is over $650 per year — real money that could be saved with the right policy at the right price.
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Ready to Compare?
Whether you're reviewing your current policy or shopping for the first time, comparing quotes is the single most effective way to make sure you're not overpaying. Get a home insurance quote at CoverClub and see how your options stack up — it takes just a few minutes and could save you hundreds each year.