If you own a free standing home in Keilor East, VIC 3033, you're probably curious about what a fair home insurance premium looks like — and whether the quote sitting in your inbox is worth accepting. Based on real quote data from this suburb, we've broken down a building-only insurance quote for a four-bedroom, two-bathroom brick veneer home to help you understand exactly where it sits in the market.
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Is This Quote Fair?
The annual premium for this property came in at $1,026 per year (or roughly $98 per month), covering the building only with a sum insured of $724,000 and a building excess of $2,000.
Our price rating for this quote is CHEAP — below average — and the data backs that up convincingly.
When you compare this figure against the suburb average for Keilor East of $1,807 per year, this quote is sitting 43% below what most homeowners in the area are paying. Even against the suburb's 25th percentile — meaning the cheapest quarter of quotes collected — the benchmark sits at $1,159 per year, and this quote still comes in under that threshold.
Put simply, this is one of the more competitive building insurance premiums you're likely to find for a property of this type and size in Keilor East. That said, "cheap" doesn't automatically mean "best" — it's always worth confirming the policy terms, inclusions, and exclusions before signing on the dotted line.
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How Keilor East Compares
To put this quote in full context, here's how Keilor East stacks up against broader benchmarks:
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Keilor East (suburb) | $1,807/yr | $1,546/yr |
| Brimbank LGA | $1,707/yr | — |
| Victoria (state) | $2,921/yr | $2,694/yr |
| National | $2,965/yr | $2,716/yr |
(Based on 46 quotes collected for the Keilor East area)
A few things stand out here. First, Keilor East premiums are notably lower than both the Victorian state average of $2,921 and the national average of $2,965. This suggests the suburb carries a relatively moderate risk profile compared to many other parts of Australia — particularly when you consider that cyclone-prone regions in Queensland and WA can push premiums significantly higher.
Second, the spread within Keilor East itself is quite wide. The 25th percentile sits at $1,159 per year, while the 75th percentile jumps to $2,721 — a range of over $1,500. This tells us that individual property characteristics and insurer pricing models vary considerably, even within the same postcode. Shopping around genuinely matters here.
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Property Features That Affect Your Premium
Several characteristics of this particular property influence where its premium lands. Let's walk through the most relevant ones.
Brick veneer construction is generally viewed favourably by insurers. Brick veneer walls offer solid fire resistance and durability, which tends to reduce the perceived risk of significant structural damage — and by extension, the cost to insure.
Tiled roof is another positive factor. Tiles are considered a more resilient roofing material compared to options like Colorbond or corrugated iron in certain contexts, though they can be more expensive to repair if cracked. Overall, a tiled roof on a brick veneer home is a fairly standard and insurer-friendly combination.
Stump foundations are common in older Melbourne homes, particularly those built around the 1960s. This property, constructed in 1965, sits on stumps — which can be a consideration for insurers, as older stumps may be subject to movement or deterioration over time. Homeowners with stump foundations should ensure their policy covers underpinning or restumping costs if required, as not all policies do.
Ducted climate control adds to the overall replacement value of the home, which is reflected in the $724,000 sum insured. Systems like these can be costly to replace, so it's important the sum insured accounts for them accurately.
No pool and no solar panels simplify the risk profile. Both of these features can add complexity and cost to a policy, so their absence keeps things straightforward.
At 235 sqm, this is a reasonably sized family home. The standard fittings quality also means there are no high-end finishes or bespoke fixtures that would push the replacement cost — and therefore the premium — upward.
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Tips for Homeowners in Keilor East
Whether you're reviewing an existing policy or shopping for a new one, here are four practical steps worth taking.
1. Verify your sum insured regularly. Building costs in Victoria have risen considerably in recent years. A sum insured that was accurate two or three years ago may no longer reflect what it would actually cost to rebuild your home from scratch today. Use a building cost calculator or speak with a quantity surveyor to keep this figure current.
2. Check what's covered for stump foundations. If your home is on stumps — as this one is — read your policy's fine print carefully. Some insurers exclude or limit cover for foundation movement, subsidence, or restumping. This is particularly relevant for homes built in the 1960s where original stumps may be approaching the end of their serviceable life.
3. Compare quotes across multiple insurers. The wide premium spread in Keilor East (from $1,159 to $2,721 at the 25th and 75th percentiles respectively) is a strong signal that different insurers price this suburb very differently. Getting at least three to four quotes gives you a much clearer picture of what's fair. You can compare quotes for your Keilor East property at CoverClub in just a few minutes.
4. Consider whether building-only cover is sufficient. This quote covers the building only. If you have valuable contents — furniture, appliances, electronics, clothing — a combined building and contents policy may offer better overall value and peace of mind. Run the numbers to see if adding contents cover makes sense for your situation.
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Find the Right Cover for Your Home
Whether this quote is the right fit depends on more than just the price. Policy features, claim handling reputation, and the fine print all matter. The good news is that Keilor East homeowners are operating in a relatively affordable insurance market compared to much of Victoria and the country as a whole.
Ready to see how your own property compares? Get a home insurance quote through CoverClub and benchmark it against real suburb data — it only takes a couple of minutes, and you might be surprised by what you find. You can also explore the full Keilor East insurance statistics to dig deeper into local pricing trends.