If you own a free standing home in Kinross, WA 6028, you've probably wondered whether what you're paying for building insurance is reasonable — or whether you're leaving money on the table. Kinross is a well-established northern suburb of Perth, sitting within the City of Joondalup, and home to a mix of solid brick homes built largely through the 1990s and 2000s. In this article, we break down a real building insurance quote for a four-bedroom, double brick home in the suburb, and put the numbers into context using suburb, state, and national benchmarks.
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Is This Quote Fair?
The quote in question is $1,891 per year (or $185/month) for building-only cover on a 214 sqm free standing home, with a sum insured of $686,000 and a $2,000 building excess.
Our price rating for this quote is FAIR — Around Average.
To understand what that means in practice, it helps to look at where this premium sits within the local distribution. Based on quote data for Kinross (6028), the suburb's average annual premium is $1,308, with a median of $1,026. At $1,891, this quote sits just below the 75th percentile for the suburb ($1,897) — meaning roughly three-quarters of comparable quotes in Kinross come in cheaper.
That said, "fair" doesn't mean overpriced. A number of property-specific factors (covered below) justify a higher-than-median premium for this particular home. The sum insured of $686,000 is also on the higher end for the suburb, which naturally pushes the premium up. When you factor in the pool, solar panels, and ducted climate control — all of which increase replacement cost — the pricing is consistent with what insurers typically charge for a well-appointed home of this size.
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How Kinross Compares
One of the most useful ways to assess a quote is to zoom out and compare it against broader benchmarks.
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Kinross (6028) | $1,308/yr | $1,026/yr |
| City of Joondalup (LGA) | $2,347/yr | — |
| Western Australia | $2,144/yr | $1,944/yr |
| National | $2,965/yr | $2,716/yr |
A few things stand out here. First, Kinross sits well below the WA state average of $2,144/yr — a meaningful gap that reflects the suburb's relatively low-risk profile. It's a modern, well-serviced suburb with no cyclone risk classification, which keeps premiums more competitive than many regional or coastal WA locations.
Second, the quote of $1,891 is actually below both the WA average and the LGA (Joondalup) average of $2,347 — which is a positive sign. Compared to the national average of $2,965, this quote is significantly cheaper, highlighting the relative affordability of insuring a home in Perth's northern suburbs versus other parts of Australia.
You can explore how Western Australian premiums compare across the state, or dig into the Kinross-specific data to see how your own quote stacks up.
> Note: The suburb sample size for Kinross is 16 quotes, so while directionally useful, the local averages should be interpreted with some caution. A broader dataset would provide greater statistical confidence.
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Property Features That Affect Your Premium
Not all homes are created equal in the eyes of an insurer. Here's how the specific features of this property influence the premium:
Double Brick Construction Double brick is generally viewed favourably by insurers in Western Australia. It's durable, fire-resistant, and performs well in the dry Perth climate. Compared to brick veneer or clad homes, double brick typically attracts lower or comparable premiums — and it's the dominant construction type in Kinross homes from this era.
Steel/Colorbond Roof Colorbond roofing is another tick in the box. It's lightweight, resistant to corrosion, and holds up well in Perth's hot summers. Insurers tend to rate it similarly to or better than tiled roofs, and it's less prone to storm-related damage.
Slab Foundation & Timber/Laminate Flooring A concrete slab foundation is standard for Perth homes of this vintage and is generally considered low-risk. Timber and laminate flooring can carry a slight premium uplift compared to tiles, given the potential for water damage claims, but the impact is typically modest.
Swimming Pool Pools increase the insured value of a property and introduce some additional liability considerations. They add to the overall sum insured, which is a key driver of premium cost.
Solar Panels Rooftop solar is increasingly common in Perth, and insurers now routinely factor it into building cover. Solar panels add to the replacement cost of the home, and some insurers apply a modest loading for the increased electrical complexity.
Ducted Climate Control A ducted air conditioning system is a significant fixed asset — and one that's expensive to replace. Its inclusion in the building sum insured is appropriate and contributes to the higher-than-median premium.
No Cyclone Risk Kinross carries no cyclone risk classification, which is a meaningful premium advantage over homes in northern WA or Queensland coastal areas. This is one reason Kinross premiums are well below the national average.
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Tips for Homeowners in Kinross
1. Review Your Sum Insured Annually Building costs in Perth have risen sharply in recent years. Make sure your sum insured reflects current construction costs — not what it cost to build in 1995. Underinsurance is one of the most common and costly mistakes homeowners make. Use a building cost calculator or ask your insurer to reassess.
2. Consider a Higher Excess to Reduce Your Premium The building excess on this quote is $2,000. If you have the financial buffer to absorb a larger out-of-pocket cost in the event of a claim, opting for a higher excess (say, $2,500–$5,000) can meaningfully reduce your annual premium. Just make sure it's an amount you could realistically pay.
3. Bundle Strategically — But Compare First Many insurers offer discounts when you bundle building and contents cover. However, bundling isn't always cheaper than sourcing separate policies. It's worth comparing both approaches before committing — especially if your contents needs are straightforward.
4. Don't Auto-Renew Without Comparing Loyalty doesn't always pay in insurance. Premiums can creep up at renewal without any change to your risk profile. Set a reminder each year to run a quick comparison before accepting your renewal offer. Even a 10–15 minute check on CoverClub could save you hundreds.
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Compare Your Own Quote
Whether you're reviewing a renewal or shopping for the first time, it pays to know where your premium sits relative to the market. CoverClub makes it easy to see how your quote compares to real data from homes like yours across Kinross, Perth, and Australia. Enter your address to get started — it only takes a couple of minutes, and the data might surprise you.