If you own a free standing home in Glenfield, NSW 2167, you've probably wondered whether you're paying a fair price for building insurance — or leaving money on the table. This article breaks down a real building-only insurance quote for a four-bedroom, two-bathroom brick veneer home in the suburb, and puts the numbers into context against local, state, and national benchmarks.
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Is This Quote Fair?
The annual premium for this property comes in at $2,248 per year (or roughly $215 per month), covering building only with a $500 building excess. Our pricing analysis rates this as CHEAP — below average for the market.
That's a meaningful result. In a climate where insurance premiums across Australia have surged due to extreme weather events, reinsurance costs, and inflation in building materials, landing below average is genuinely good news for this homeowner. The $700,000 sum insured is a substantial figure — appropriate for a 214 sqm home with above-average fittings — yet the premium remains competitive.
For context, a "cheap" rating doesn't mean the cover is inferior. It simply means the premium sits below what comparable properties typically attract, which could reflect a combination of favourable property characteristics, a low-risk location, and the insurer's appetite for this type of risk.
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How Glenfield Compares
Understanding where your premium sits relative to broader benchmarks is key to knowing whether you're getting value. Here's how this quote stacks up:
| Benchmark | Annual Premium |
|---|---|
| This Quote | $2,248 |
| LGA Average (Campbelltown, NSW) | $1,893 |
| NSW State Median | $3,770 |
| NSW State Average | $9,528 |
| National Median | $2,764 |
| National Average | $5,347 |
A few things stand out here. The NSW state average of $9,528 is dramatically higher than the median of $3,770 — a sign that a relatively small number of very high-risk or high-value properties are pulling the average upward. The national average of $5,347 tells a similar story.
This quote of $2,248 sits comfortably below both the NSW and national medians, meaning it's cheaper than at least half of all comparable policies benchmarked. It does sit slightly above the Campbelltown LGA average of $1,893, which suggests premiums in this part of south-western Sydney are generally quite competitive — and this quote is broadly in line with local norms.
You can explore more localised data for this postcode at the Glenfield suburb stats page.
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Property Features That Affect Your Premium
Insurance underwriters assess dozens of variables when pricing a home. For this particular property, several features are worth highlighting:
Brick Veneer Walls & Tiled Roof
Brick veneer is one of the most common external wall types in Australian suburban homes, and insurers generally view it favourably. It offers solid fire resistance and durability. Similarly, a tiled roof is considered a lower-risk roofing material compared to alternatives like Colorbond or fibrous cement in some scenarios. Together, these two features likely contribute to a more competitive premium.
Construction Year: 1986
Homes built in the mid-1980s sit in an interesting middle ground. They're old enough that some components — plumbing, electrical wiring, roofing — may be ageing, but they were also built under reasonably modern standards. Insurers may factor in the age of the property when assessing the likelihood and cost of a claim.
Stump Foundation & Timber/Laminate Flooring
A stump (or pier) foundation is common in older Australian homes and can be more susceptible to subsidence or movement over time, particularly in areas with reactive soils. This is worth monitoring. The timber and laminate flooring is consistent with the era of construction and adds to the home's character, though it can be more costly to replace than concrete or tile alternatives.
Solar Panels
The presence of solar panels adds replacement value to the building sum insured. It's important to confirm with your insurer that solar panels are explicitly covered under your building policy, as some policies treat them as a standard inclusion while others may require a specific endorsement.
Ducted Climate Control
Ducted air conditioning is a significant fixed asset — typically worth $10,000–$25,000 to replace. As a permanent fixture, it should be covered under building insurance, but it's always worth verifying this with your insurer.
Above-Average Fittings
The property is noted as having above-average fittings quality. This is reflected in the $700,000 sum insured and is entirely appropriate — higher-quality kitchens, bathrooms, and finishes cost more to repair or replace, and underinsuring a home with premium fittings is a common and costly mistake.
No Pool, No Cyclone Risk
The absence of a swimming pool removes a source of liability and maintenance risk that can nudge premiums upward. Being outside a designated cyclone risk area (relevant for parts of Queensland and northern WA) also keeps this property in a lower-risk category from a catastrophic weather perspective.
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Tips for Homeowners in Glenfield
Whether you're renewing your policy or shopping around for the first time, here are four practical steps to make sure you're getting the best outcome:
- Check your sum insured annually. Building costs have risen sharply in recent years. A sum insured that was accurate three years ago may no longer be sufficient to fully rebuild your home. Use a building cost calculator or ask your insurer to review your coverage level at each renewal.
- Confirm solar panels and ducted AC are explicitly covered. Don't assume — read your Product Disclosure Statement (PDS) carefully or call your insurer directly to verify that these fixed assets are included in your building cover. Gaps here can be expensive.
- Review your excess settings. This policy carries a $500 building excess, which is relatively low. Opting for a higher voluntary excess can reduce your annual premium, but make sure you can comfortably cover the excess amount out of pocket if you need to make a claim.
- Compare at renewal, every time. Even if you're happy with your current insurer, the market changes. A quick comparison at CoverClub takes minutes and could reveal a meaningfully cheaper option — or confirm that you're already on a great deal.
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Get a Better Deal on Home Insurance
Whether this quote reflects your own situation or you're simply exploring your options, comparing policies is always worthwhile. At CoverClub, we make it easy to see how your home insurance premium stacks up — and to find cover that suits your property, your budget, and your peace of mind.
Get a home insurance quote for your Glenfield property today →