If you own a free standing home in Kenmore, QLD 4069, you've probably wondered whether you're paying a fair price for home and contents insurance — or quietly overpaying year after year. This article breaks down a real quote for a four-bedroom, two-bathroom brick veneer home in Kenmore, compares it against suburb, state and national benchmarks, and offers practical tips to help you get better value on your cover.
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Is This Quote Fair?
The annual premium for this quote comes in at $3,426 per year (or $341/month) for combined home and contents cover, with a building sum insured of $634,000 and $50,000 in contents cover.
Our price rating for this quote is FAIR — Around Average, and the data backs that up.
Looking at 52 quotes collected for Kenmore (postcode 4069), the suburb average sits at $3,679/yr and the median is $3,519/yr. This quote comes in below both figures, which is a positive sign. It also falls comfortably within the interquartile range — between the 25th percentile of $2,458/yr and the 75th percentile of $4,733/yr — meaning it's squarely in the middle of the pack for this area.
In short: you're not getting a bargain, but you're not being gouged either. There's room to potentially do better, but this quote is a reasonable starting point.
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How Kenmore Compares
Understanding where Kenmore sits in the broader insurance landscape helps put this quote in perspective.
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Kenmore (4069) | $3,679/yr | $3,519/yr |
| QLD State | $9,129/yr | $3,903/yr |
| National | $5,347/yr | $2,764/yr |
| Brisbane LGA | $16,277/yr | — |
A few things stand out here. The Queensland state average of $9,129/yr looks alarming at first glance, but it's heavily skewed by high-risk coastal and cyclone-prone regions in Far North Queensland, where premiums can be extraordinary. The QLD median of $3,903/yr is a far more representative figure for most Brisbane-area homeowners — and Kenmore sits just below that.
Compared to the national average of $5,347/yr, Kenmore again looks reasonably priced. However, the national median of $2,764/yr is notably lower, reflecting the large number of lower-risk properties across Australia that bring that figure down.
The Brisbane LGA average of $16,277/yr is worth noting — but this figure is almost certainly distorted by a small number of extremely high-risk or high-value properties within the broader local government area. It shouldn't be used as a direct comparison for a typical suburban Kenmore home.
The takeaway: Kenmore is a relatively affordable suburb for home insurance by Queensland standards, and this quote reflects that positioning well.
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Property Features That Affect Your Premium
Several characteristics of this property influence how insurers price the risk. Here's what's most relevant:
Brick Veneer Construction (1975) Brick veneer walls are generally viewed favourably by insurers — they offer good fire resistance and structural durability. However, a home built in 1975 is now over 50 years old, which can raise questions about the condition of plumbing, wiring and roofing. Some insurers apply age-related loadings to older homes, so it's worth confirming your policy doesn't have exclusions around gradual deterioration.
Steel / Colorbond Roof Colorbond steel roofing is a popular choice in Queensland and is generally well-regarded by insurers for its durability, resistance to fire and ability to withstand moderate wind events. It's a lower-risk roofing material compared to tiles, which can crack or dislodge in storms.
Concrete Slab Foundation A slab foundation is considered stable and low-risk in most suburban settings, reducing the likelihood of subsidence or movement claims that can affect homes on stumps or piers — particularly relevant in older Queensland homes.
Solar Panels This property has solar panels installed, which adds value to the building but also adds a replacement cost component. It's important to confirm that your building sum insured of $634,000 accounts for the full cost of replacing the solar system, as panels and inverters can be expensive to replace after storm or hail damage.
Ducted Climate Control Ducted air conditioning systems are a significant fixed asset within the home and should be covered under the building sum insured. As with solar, ensure your insured amount reflects the replacement cost of this system.
Building Size: 214 sqm At 214 square metres, this is a mid-to-large sized home for Kenmore. The building sum insured of $634,000 equates to roughly $2,963 per square metre — a reasonable figure for a brick veneer home with standard fittings in this area, though it's always worth cross-checking against a professional building valuation to avoid being underinsured.
No Pool, Standard Fittings, Tile Flooring The absence of a pool removes a common source of liability and maintenance-related claims. Standard fittings and tile flooring are straightforward to price and replace, which keeps risk assessments clean and predictable.
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Tips for Homeowners in Kenmore
1. Review Your Building Sum Insured Regularly With construction costs rising across Queensland, a sum insured that was accurate two or three years ago may now leave you underinsured. Use a building cost calculator or speak to a quantity surveyor to confirm your $634,000 figure still reflects true replacement cost — especially given the solar panels and ducted system.
2. Consider Raising Your Building Excess This quote carries a $4,000 building excess. If you're in a financial position to absorb a larger out-of-pocket cost in a claim, increasing your excess is one of the most reliable ways to reduce your annual premium. Even moving from $4,000 to $5,000 can result in a meaningful saving.
3. Ask About Multi-Policy Discounts Many insurers offer discounts when you bundle home and contents cover with car insurance or other policies. Since this quote already combines home and contents, it's worth asking your insurer whether adding another policy would reduce the overall cost.
4. Don't Set and Forget Insurance premiums in Queensland can shift significantly year to year, particularly as insurers reassess flood mapping, storm risk and reinsurance costs. Make a habit of comparing quotes at renewal time rather than letting your policy auto-renew. Even a 30-minute comparison exercise could save you hundreds of dollars annually.
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Compare Your Quote with CoverClub
Whether you're renewing soon or just curious about what else is out there, CoverClub makes it easy to see how your premium stacks up. Get a quote today at CoverClub and compare real prices for homes in Kenmore and across Australia — so you can make a confident, informed decision about your cover.