If you own a free standing home in Maylands, WA 6051, you're living in one of Perth's most sought-after inner-north suburbs — a leafy, character-filled area sitting just 4 kilometres from the CBD along the banks of the Swan River. With property values on the rise and homes growing in size and complexity, making sure your building and contents are properly insured has never been more important. This article breaks down a recent home and contents insurance quote for a 5-bedroom, 3-bathroom free standing home in Maylands, and puts the numbers into context so you can judge whether you're getting a fair deal.
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Is This Quote Fair?
The annual premium for this property came in at $1,946 per year (or $186/month), covering a building sum insured of $943,000 and contents valued at $175,000, each with a $2,000 excess.
Our pricing engine rates this quote as FAIR — Around Average, and the data backs that up. At $1,946, this premium sits comfortably within the middle band of what Maylands homeowners are paying. It's above the suburb's 25th percentile of $1,196 but well below the 75th percentile of $2,094, placing it squarely in the typical range for the area.
For a property of this size — 367 sqm, double brick construction, tiled roof, with ducted climate control — this is a reasonable outcome. Larger homes with higher sums insured naturally attract higher premiums, and a $943,000 building cover figure reflects the genuine replacement cost of a well-appointed modern home. The $175,000 contents value is also meaningful, and together these factors justify a premium that's slightly above the suburb median but not out of step with comparable properties.
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How Maylands Compares
Understanding where your premium sits relative to local and broader benchmarks is one of the best ways to assess value. Here's how this quote stacks up:
| Benchmark | Premium |
|---|---|
| This Quote | $1,946/yr |
| Maylands Suburb Average | $1,585/yr |
| Maylands Suburb Median | $1,711/yr |
| Maylands 25th Percentile | $1,196/yr |
| Maylands 75th Percentile | $2,094/yr |
| LGA (Bayswater) Average | $1,514/yr |
| WA State Average | $2,811/yr |
| WA State Median | $2,127/yr |
| National Average | $5,347/yr |
| National Median | $2,764/yr |
(Based on 22 quotes sampled in the Maylands area)
A few things stand out here. First, this quote is above the suburb average and median, but that's largely explained by the property's size and the higher building sum insured. A 5-bedroom, 367 sqm home is considerably larger than the typical Maylands dwelling, so some premium loading is expected.
Second — and this is worth highlighting — Maylands and greater WA are genuinely affordable compared to the national picture. The national average premium of $5,347 is nearly three times what this homeowner is paying, and even the national median of $2,764 is higher than this quote. Much of that national figure is driven by high-risk regions in Queensland and northern Australia where cyclone, flood, and storm exposure pushes premiums dramatically higher.
For WA context, the state average of $2,811 is also well above this quote, reflecting the impact of higher-risk postcodes elsewhere in the state. Maylands, sitting in metropolitan Perth without cyclone or significant flood exposure, benefits from a relatively benign risk profile. You can explore more data at our Maylands suburb stats page, the WA state overview, or the national insurance stats hub.
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Property Features That Affect Your Premium
Several characteristics of this property directly influence the premium calculation — some in your favour, some adding to the cost.
Double Brick Construction Double brick is one of the most desirable wall materials from an insurance perspective. It's durable, fire-resistant, and structurally robust, which generally translates to lower rebuilding risk. Insurers tend to view double brick favourably compared to lighter materials like weatherboard or clad.
Tiled Roof Terracotta or concrete tiles are considered a standard, reliable roofing material in WA. They perform well in heat and are less susceptible to hail damage than some alternatives, contributing to a stable risk profile.
Concrete Slab Foundation Slab foundations are straightforward to assess and repair, and they don't carry the subsidence or moisture risks associated with older pier-and-beam setups. This is a neutral-to-positive factor for insurers.
Construction Year: 2013 A home built in 2013 is relatively modern and would have been constructed to contemporary building codes. This reduces the likelihood of outdated wiring, plumbing, or structural issues that can complicate claims and push premiums higher.
Ducted Climate Control Ducted air conditioning systems are a significant asset — and a meaningful contents or building inclusion depending on how the policy is structured. Systems of this type can cost tens of thousands of dollars to replace, so ensuring the sum insured adequately reflects this is important.
No Pool, No Solar Panels The absence of a pool removes a common source of liability and equipment-related claims. Similarly, no solar panels means no risk of inverter or panel damage claims. Both keep the risk profile clean and the premium lower than it might otherwise be.
Timber and Laminate Flooring While aesthetically appealing, timber and laminate floors can be more expensive to repair or replace than tiles following a water or impact event. This is a minor premium factor but worth noting when reviewing your contents and building cover limits.
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Tips for Homeowners in Maylands
1. Review Your Building Sum Insured Annually Construction costs in Perth have risen sharply in recent years. A sum insured of $943,000 for a 367 sqm double brick home is substantial, but it's worth cross-checking against current builder rates (typically $3,000–$4,500+ per sqm for quality construction) to ensure you're not underinsured. Underinsurance is one of the most common — and costly — mistakes homeowners make.
2. Don't Overlook Your Ducted System in Contents Ducted climate control can be classified differently across policies — sometimes as a building fixture, sometimes as a contents item. Clarify with your insurer exactly how your system is covered, and make sure the replacement value is reflected in whichever sum insured applies.
3. Consider Your Excess Carefully Both the building and contents excess on this policy sit at $2,000. A higher excess generally reduces your annual premium, but it means more out-of-pocket expense when you do claim. Given Maylands' relatively low risk profile, some homeowners opt for a higher excess to bring premiums down — but make sure you can comfortably cover that amount if something goes wrong.
4. Shop the Market Every Renewal Even a "fair" premium can be improved. Insurers price risk differently, and the gap between the cheapest and most expensive quotes in Maylands spans nearly $900 based on our data. Comparing at renewal — rather than auto-renewing — is one of the simplest ways to save without sacrificing cover.
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Compare Your Own Quote
Whether you're renewing soon or just curious about what you should be paying, CoverClub makes it easy to see how your premium stacks up. Get a home insurance quote today and compare it against real data from your suburb, your state, and across Australia. A few minutes of comparison could save you hundreds every year.