A three-bedroom, two-bathroom free standing home in Burleigh Waters, QLD 4220 recently received a home and contents insurance quote of $1,232 per year (or $118/month). That's a notably competitive figure for a suburb where premiums can vary enormously — and it's worth unpacking exactly why this quote sits where it does on the pricing spectrum.
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Is This Quote Fair?
In short: yes — and then some. This quote has been rated CHEAP (Below Average), meaning it comes in well under what most comparable properties in the area are paying.
With a building sum insured of $480,000 and contents covered to $100,000, the policy offers solid coverage for a 139 sqm home. The building excess sits at $2,000 and the contents excess at $1,000 — both reasonable figures that help explain the lower premium without exposing the homeowner to undue financial risk in the event of a claim.
To put the $1,232 annual premium in perspective: the suburb average in Burleigh Waters is $4,059/year, and the median sits at $3,904/year. Even the 25th percentile — meaning the cheapest quarter of quotes in the suburb — comes in at $2,307/year. This quote sits below that threshold, which is a genuinely strong result.
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How Burleigh Waters Compares
Burleigh Waters is part of the Gold Coast Local Government Area, and insurance pricing in this region reflects a market that carries meaningful risk. Here's how the numbers stack up across different benchmarks:
| Benchmark | Annual Premium |
|---|---|
| This Quote | $1,232 |
| Burleigh Waters 25th Percentile | $2,307 |
| Burleigh Waters Median | $3,904 |
| Burleigh Waters Average | $4,059 |
| Burleigh Waters 75th Percentile | $6,095 |
| QLD State Average | $4,547 |
| QLD State Median | $3,931 |
| National Average | $2,965 |
| National Median | $2,716 |
| Gold Coast LGA Average | $5,494 |
(Based on a sample of 47 quotes in the Burleigh Waters area.)
What stands out immediately is just how far above the national average local premiums tend to run. The Gold Coast LGA average of $5,494/year is nearly double the national average of $2,965, which reflects the elevated risk profile of coastal South-East Queensland — think storm surge, flooding, and severe weather events that are more common in this part of the country.
You can explore the full pricing breakdown for this postcode on the Burleigh Waters insurance stats page, or compare how Queensland stacks up against other states on the QLD stats page.
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Property Features That Affect Your Premium
Several characteristics of this particular property work in the homeowner's favour when it comes to insurance pricing.
Brick Veneer Construction Brick veneer external walls are generally viewed favourably by insurers. While not as robust as full double-brick, brick veneer offers good fire resistance and structural durability compared to timber or lightweight cladding — both of which can attract higher premiums.
Tiled Roof A tiled roof is one of the more resilient roofing options available. Tiles tend to hold up well in high-wind events and are less susceptible to hail damage than corrugated iron in many scenarios. This is a meaningful factor for a home in South-East Queensland, where severe storms are a seasonal reality.
Concrete Slab Foundation Slab foundations are generally considered low-risk by insurers. They're less prone to subsidence and moisture-related issues than older pier-and-beam or timber stump foundations, which can be a significant cost driver in some Queensland properties.
Construction Year: 1995 Homes built in the mid-1990s sit in a reasonably favourable position — newer than the older stock that may have pre-modern building standards, but established enough that any initial construction issues would have long since surfaced. Queensland introduced updated cyclone-resistant building codes progressively from the 1980s onward, so a 1995 build benefits from those improvements.
Solar Panels The presence of solar panels on the roof is worth noting. Some insurers include solar panels under building cover automatically, while others treat them separately or require a specific endorsement. It's worth confirming with your insurer exactly how your panels are covered — particularly for storm or hail damage.
No Pool, No Cyclone Risk Zone The absence of a swimming pool removes a common liability and maintenance risk factor. And while the Gold Coast does experience severe storms, this property is not classified as being in a designated cyclone risk area — a distinction that can meaningfully reduce premiums compared to properties further north in Queensland.
Timber/Laminate Flooring Timber and laminate floors can be more costly to replace than carpet, which may factor into contents and building valuations. However, at standard fittings quality, this is unlikely to be a major premium driver.
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Tips for Homeowners in Burleigh Waters
1. Don't assume your current insurer is competitive The spread between the cheapest and most expensive quotes in Burleigh Waters is enormous — from $2,307 at the 25th percentile to $6,095 at the 75th. If you haven't compared recently, there's a real chance you're overpaying. Use a comparison tool like CoverClub to see where your current premium sits.
2. Review your sum insured carefully Underinsurance is one of the most common — and costly — mistakes homeowners make. The $480,000 building sum insured on this property reflects the estimated cost to rebuild, not the market value of the land. Make sure your figure accounts for current construction costs, which have risen significantly in recent years across Queensland.
3. Confirm how your solar panels are covered As noted above, solar panels aren't always automatically included in standard building policies. Check your Product Disclosure Statement (PDS) to confirm coverage for storm, hail, and accidental damage to your system. If they're not covered, ask your insurer about adding them.
4. Consider your excess levels strategically A higher excess generally means a lower premium — but only makes sense if you could comfortably cover that amount out of pocket in the event of a claim. The $2,000 building excess on this policy is on the higher end; if cash flow is a concern, it may be worth modelling the premium difference at a lower excess point.
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Compare Your Own Quote
Whether you're a first-time buyer in Burleigh Waters or a long-term homeowner wondering if you're getting a fair deal, it pays to compare. Premiums in this suburb vary by thousands of dollars for similar properties — and the difference between a good quote and a great one can be significant over time.
Get a home insurance quote at CoverClub and see how your property compares against real data from your suburb, your state, and across Australia.