Craigie is a well-established suburb in Perth's northern corridor, sitting within the City of Wanneroo and popular with families and downsizers alike. Its mix of older brick homes and more modern medium-density dwellings — including townhouses like the one we're analysing today — makes it an interesting case study for home insurance pricing. If you own a two-bedroom townhouse in Craigie and you're wondering whether your insurance premium stacks up, read on.
---
Is This Quote Fair?
The annual premium for this property comes in at $1,098 per year (or about $107 per month), covering both building and contents with a building sum insured of $512,000 and contents valued at $50,000.
Our price rating for this quote is CHEAP — below average — which is genuinely good news for the homeowner. To put that in perspective, the WA state average premium sits at $2,144 per year, and the national average is even higher at $2,965 per year. This quote comes in at roughly half the WA average and less than 40% of the national average — a significant saving by any measure.
Of course, "cheap" doesn't automatically mean the cover is insufficient. The sum insured of $512,000 for a 105 sqm concrete townhouse built in 2000 is a reasonable rebuild estimate for the Perth metro area, and $50,000 in contents cover is a practical figure for a two-bedroom home. The excess structure — $3,000 on building and $1,000 on contents — is on the higher side, which is one of the key levers insurers use to reduce premiums. Homeowners should be comfortable covering those amounts out of pocket in the event of a claim before opting for this kind of arrangement.
---
How Craigie Compares
While suburb-level data isn't available for Craigie specifically, we can benchmark this premium against several meaningful reference points:
| Benchmark | Annual Premium |
|---|---|
| This Quote | $1,098 |
| LGA (Wanneroo) Average | $1,543 |
| WA State Average | $2,144 |
| WA State Median | $1,944 |
| National Average | $2,965 |
| National Median | $2,716 |
Even against the Wanneroo LGA average of $1,543, this quote is $445 cheaper per year — that's real money back in your pocket. Compared to the national median, the saving is a remarkable $1,618 annually.
Craigie's position within Wanneroo — a large and diverse local government area — means risk profiles can vary considerably across the LGA. Craigie itself benefits from its established urban environment, relatively low flood risk, and no cyclone designation, all of which contribute to more competitive premiums. You can explore more localised data for this postcode at the Craigie suburb stats page.
---
Property Features That Affect Your Premium
Several characteristics of this particular townhouse work in the homeowner's favour when it comes to insurance pricing:
Concrete External Walls
Concrete construction is generally viewed favourably by insurers. It's highly resistant to fire, less susceptible to termite damage than timber-framed alternatives, and holds up well in storm conditions. For a suburb like Craigie that doesn't sit in a designated cyclone risk zone, concrete walls are a solid, low-risk choice.
Tiled Roof
Terracotta or concrete tiles are among the most durable roofing materials available and are a common feature on Perth homes. They perform well in heat and moderate wind events, and insurers typically price tile roofs more competitively than, say, older corrugated iron or asbestos cement sheeting.
Slab Foundation
A concrete slab foundation is standard for Perth metro construction and presents minimal risk from a structural standpoint. Unlike homes on stumps or piers, slab homes don't carry the same exposure to subsidence or pest ingress beneath the floor.
Timber and Laminate Flooring
While above-average fittings quality (including timber and laminate flooring) increases the contents and internal finishings value, it also means the home presents a slightly higher cost to repair or replace internal surfaces. This is reflected in the sum insured rather than dramatically inflating the premium itself.
Solar Panels
This property has solar panels installed, which are worth noting from an insurance perspective. Most home and contents policies cover solar panels as part of the building, but it's worth confirming with your insurer that the panels and inverter are included in your building sum insured. If they were installed after the original policy was taken out, a policy update may be warranted.
Ducted Climate Control
Ducted air conditioning systems are a significant fixed asset and are generally covered under building insurance. As with solar, homeowners should verify the replacement value of the system is captured in their building sum insured — particularly for a 105 sqm townhouse where the system may represent a meaningful proportion of fit-out costs.
---
Tips for Homeowners in Craigie
1. Review your sum insured annually Construction costs across Perth have risen considerably in recent years. A building sum insured set a few years ago may no longer reflect what it would actually cost to rebuild your home today. Use a building cost calculator or speak with a local builder to sense-check your figure each year at renewal.
2. Understand your excess before you claim This policy carries a $3,000 building excess — higher than many standard policies. That's a deliberate trade-off for a lower premium, and it works well if you're unlikely to make small claims. Just make sure you have that amount readily accessible in an emergency fund.
3. Confirm solar panels and ducted systems are covered As mentioned above, both solar panels and ducted climate control systems can be overlooked in policy schedules. Ask your insurer directly whether these are included in your building sum insured, and at what replacement value.
4. Compare at renewal, not just once The insurance market shifts regularly, and the cheapest policy this year may not be the best value next year. Use a comparison platform like CoverClub to benchmark your renewal quote against current market offerings — it only takes a few minutes and could save you hundreds.
---
Ready to Compare Your Own Quote?
Whether you're a Craigie local or just researching home insurance options across Perth's northern suburbs, CoverClub makes it easy to see how your premium measures up. Enter your address at CoverClub to get a personalised quote comparison and find out whether you're paying a fair price — or whether there's a better deal waiting for you.