Bongaree is a relaxed coastal suburb sitting on Bribie Island in South East Queensland — a popular spot for families and sea-changers alike. If you own a free standing home here, understanding what you should be paying for home and contents insurance is an important part of protecting one of your biggest assets. This article breaks down a real quote for a 3-bedroom, 2-bathroom brick veneer home in Bongaree (postcode 4507), and puts the numbers into context so you can make a confident decision.
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Is This Quote Fair?
The annual premium for this property came in at $2,193 per year (or around $222 per month), covering both building and contents. The building is insured for $600,000 and contents for $40,000, with a building excess of $3,000 and a contents excess of $1,000.
Our price rating for this quote is FAIR — Around Average.
That verdict holds up when you look at the data. The suburb's 25th percentile sits at $2,160 per year, meaning this quote is only just above the cheapest quarter of comparable properties in Bongaree. It's comfortably below the suburb median of $2,828 and well under the suburb average of $3,582. In practical terms, this homeowner is paying less than most of their neighbours for equivalent cover — which is a solid outcome.
That said, "fair" doesn't necessarily mean "the best available." There may be room to sharpen the premium further by adjusting the excess, reviewing the sum insured, or shopping around for competing offers.
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How Bongaree Compares
To put this quote in proper perspective, it helps to zoom out and look at the broader picture. You can explore the full data on our Bongaree suburb stats page, the QLD state overview, and the national insurance stats page.
| Benchmark | Premium |
|---|---|
| This quote | $2,193/yr |
| Bongaree suburb average | $3,582/yr |
| Bongaree suburb median | $2,828/yr |
| Bongaree 25th percentile | $2,160/yr |
| Bongaree 75th percentile | $3,872/yr |
| QLD state average | $9,129/yr |
| QLD state median | $3,903/yr |
| National average | $5,347/yr |
| National median | $2,764/yr |
| Sunshine Coast LGA average | $7,249/yr |
The contrast between this quote and the Queensland state average is striking. At $9,129 per year, the QLD average is more than four times this premium — a reflection of the enormous variability across the state, driven largely by cyclone-prone regions in Far North Queensland pushing averages upward. Even the QLD median of $3,903 is well above this quote.
Compared to the national average of $5,347, this quote looks even more competitive. The national median of $2,764 is closer to home, sitting only slightly above what this homeowner is paying.
The Sunshine Coast LGA average of $7,249 is also notably high, again pulled up by a wide spread of property types, risk profiles, and coverage levels across the region. Bribie Island properties like those in Bongaree tend to benefit from relatively contained flood and storm risk compared to other parts of the LGA, which can translate to more manageable premiums.
Based on a sample of 88 quotes in the suburb, the data is reasonably representative — giving us good confidence in these comparisons.
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Property Features That Affect Your Premium
Several characteristics of this property influence where its premium lands.
Brick veneer construction is generally viewed favourably by insurers. It offers solid resistance to fire and wind, and is a common and well-understood building type across Queensland. Compared to timber or weatherboard homes, brick veneer typically attracts lower premiums.
Steel/Colorbond roofing is another positive factor. Colorbond is durable, low-maintenance, and performs well in Queensland's heat and storm conditions. It's less susceptible to the kind of damage that can send claims — and premiums — soaring.
Slab foundation is standard for a home of this era and construction type, and doesn't introduce the underfloor moisture or pest risks associated with older raised timber floors.
Tile flooring is similarly practical in a coastal Queensland climate — resistant to humidity, easy to maintain, and less vulnerable to water damage than carpet or timber.
The home was built in 2011, which puts it in a sweet spot for insurers. It's modern enough to meet current building codes (which were significantly strengthened post-2011 cyclone season reforms), but not so new that replacement costs are at a premium.
The swimming pool adds some liability exposure to the policy and can modestly increase premiums, but is a standard feature in Queensland homes and well-catered for by most insurers.
Solar panels are worth noting. Many policies cover solar panels as part of the building, but it's worth confirming this explicitly with your insurer — particularly whether inverter damage and panel degradation from storm debris are included.
At 169 sqm, this is a comfortably sized home without being large enough to push the sum insured into territory that significantly inflates the premium.
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Tips for Homeowners in Bongaree
1. Review your sum insured regularly Building costs have risen sharply in recent years. Make sure your $600,000 sum insured reflects what it would actually cost to rebuild — not just the market value of the property. Underinsurance is one of the most common and costly mistakes homeowners make.
2. Check your solar panel coverage As solar becomes more common, insurers are updating their policies — but coverage varies. Confirm that your panels, inverter, and any battery storage are explicitly included in your building cover and that storm and hail damage is covered.
3. Consider your excess strategy This policy carries a $3,000 building excess, which is on the higher side. A higher excess typically lowers your premium, but make sure it's an amount you could comfortably cover out of pocket in the event of a claim. If cash flow is a concern, a lower excess with a slightly higher premium may suit you better.
4. Shop around at renewal time Even if you're happy with your current insurer, it pays to compare at renewal. The insurance market shifts, and loyalty doesn't always translate to the best rate. Use a comparison tool to benchmark your renewal quote before accepting it automatically.
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Compare Your Own Quote at CoverClub
Whether you're reviewing your current policy or insuring a new property, CoverClub makes it easy to see what you should be paying. Get a quote today and compare your premium against real suburb, state, and national data — so you always know where you stand.