Bongaree sits on the northern tip of Bribie Island, connected to the Queensland mainland by a single bridge and flanked by Pumicestone Passage to the west and Moreton Bay to the east. It's a relaxed coastal community that attracts retirees, young families, and sea-changers alike — but its island geography and proximity to water mean home insurance is a genuine consideration for every property owner here.
This article takes a close look at a recent home and contents insurance quote for a three-bedroom, two-bathroom free standing home in Bongaree (postcode 4507), breaking down whether the price is competitive, what local and national benchmarks say, and what steps homeowners can take to keep premiums in check.
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Is This Quote Fair?
The quote in question came in at $2,272 per year (or $229/month) for combined home and contents cover, with a building sum insured of $630,000 and contents valued at $40,000. The building excess is set at $3,000 and the contents excess at $1,000.
Our price rating for this quote is FAIR — Around Average.
That label is well-supported by the data. Based on 88 quotes collected for Bongaree (4507), the suburb's median premium sits at $2,828/year and the average at $3,582/year. At $2,272, this quote lands just above the 25th percentile ($2,160/yr), meaning it's cheaper than roughly three-quarters of comparable quotes in the area. That's a solid result — not a bargain-basement outlier, but meaningfully below the local midpoint.
The building excess of $3,000 is on the higher side and is likely contributing to the lower premium. A higher excess reduces the insurer's exposure to small and mid-range claims, which is reflected in a reduced upfront cost. Whether that trade-off suits you depends on your financial comfort with out-of-pocket costs at claim time.
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How Bongaree Compares
To put this quote in broader context, here's how Bongaree stacks up against state and national figures:
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Bongaree (4507) | $3,582/yr | $2,828/yr |
| Sunshine Coast LGA | $7,249/yr | — |
| Queensland | $9,129/yr | $3,903/yr |
| National | $5,347/yr | $2,764/yr |
A few things stand out here. The Queensland state average of $9,129/year is extraordinarily high — driven largely by Far North Queensland, where cyclone risk pushes premiums into the tens of thousands. Bongaree, while coastal, sits outside designated cyclone risk zones, which keeps local premiums far more manageable.
The Sunshine Coast LGA average of $7,249/year also appears elevated compared to Bongaree specifically. This likely reflects the diversity of properties across the broader LGA — from hinterland acreage to beachfront homes — pulling the average upward.
Compared to the national median of $2,764/year, Bongaree's median of $2,828 is almost identical, suggesting the suburb sits in broadly normal territory for Australian home insurance costs. The quote analysed here, at $2,272, actually comes in below the national median — a positive result for the homeowner.
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Property Features That Affect Your Premium
Several characteristics of this property influence how insurers price the risk:
Brick Veneer Walls & Colorbond Roof This combination is generally well-regarded by insurers. Brick veneer offers solid fire resistance and structural durability, while Colorbond steel roofing is lightweight, long-lasting, and performs well in high-wind events. Compared to older materials like fibrous cement or terracotta tiles, this pairing tends to attract more competitive premiums.
Slab Foundation & Tile Flooring A concrete slab foundation is standard for Queensland homes of this era and is considered low-risk by underwriters. Tile flooring similarly signals durability and resistance to moisture damage — relevant in a coastal environment like Bongaree where humidity and salt air are constant factors.
Construction Year: 2011 A home built in 2011 benefits from compliance with the updated Queensland Development Code introduced after Cyclone Larry in 2006. These standards mandated stronger tie-downs, improved bracing, and better wind resistance. Insurers recognise this and it can positively influence premiums compared to pre-2006 construction.
Swimming Pool A pool adds to the replacement cost of the property and introduces some liability considerations. It's one reason the building sum insured of $630,000 is appropriate — pool infrastructure, fencing, and associated equipment all need to be factored into rebuild estimates.
Solar Panels Solar panels are now a standard feature on many Queensland homes, but they do add to the insured value of the building. It's important to confirm with your insurer that panels are explicitly covered under the building policy, including damage from storms, hail, or electrical faults.
No Ducted Climate Control The absence of ducted air conditioning is a minor factor, but it does reduce the complexity and value of the home's mechanical systems, which can marginally lower the risk profile in the eyes of underwriters.
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Tips for Homeowners in Bongaree
1. Review your building sum insured regularly Construction costs have risen sharply in recent years. A sum insured of $630,000 for a 169 sqm home works out to roughly $3,728/sqm — which is broadly in line with current Queensland rebuild costs, but worth verifying with a quantity surveyor or your insurer's calculator. Being underinsured at claim time can be a costly mistake.
2. Confirm your solar panels are covered Ask your insurer directly whether solar panels are included under your building cover, and for how much. Some policies cover them automatically; others require a specific endorsement. Given the cost of a quality system, this is not a detail to overlook.
3. Consider whether your excess level suits your situation The $3,000 building excess on this policy is higher than typical. If you'd struggle to cover that cost out of pocket following a claim, it may be worth requesting a quote with a lower excess — accepting a slightly higher annual premium in exchange for reduced financial exposure when you need to claim.
4. Shop the market at renewal time Insurance loyalty rarely pays. Insurers regularly adjust their pricing models, and the gap between the cheapest and most expensive quotes in Bongaree spans thousands of dollars annually. Even if your current premium feels reasonable, comparing quotes at renewal takes only minutes and can yield meaningful savings.
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Compare Your Own Quote
Whether you're insuring a home in Bongaree or anywhere else in Australia, it pays to see how your current premium stacks up. CoverClub collects real quote data to help homeowners understand what's typical in their area — and whether they're paying too much.
Get a home insurance quote and compare your options at CoverClub →