Moore Park Beach is a relaxed coastal community sitting along Queensland's Coral Coast, roughly 15 kilometres north of Bundaberg. It's the kind of suburb where brick veneer homes with Colorbond roofs dot quiet residential streets, and a backyard pool isn't a luxury — it's practically standard. If you own a free standing home here, understanding what you should be paying for home and contents insurance is genuinely valuable. This article breaks down a real quote of $2,767 per year (or $258 per month) for a 3-bedroom, 2-bathroom home in Moore Park Beach, and puts it in full context against local, state, and national benchmarks.
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Is This Quote Fair?
The short answer: yes, broadly speaking — though the full picture is worth understanding.
This quote has been rated Fair (Around Average), which means it sits in a reasonable range relative to what other homeowners in the area are paying. At $2,767 annually, it falls just above the suburb's 25th percentile of $2,710 — meaning roughly three-quarters of comparable quotes in Moore Park Beach come in higher. That's actually a decent result for the policyholder.
To put it another way: this premium is 52% below the suburb average of $5,765 and 19% below the suburb median of $3,434. On a national scale, it also comes in slightly below the national average of $2,965 and sits just above the national median of $2,716. For a coastal Queensland property with a pool and solar panels, landing near the national median is a solid outcome.
The "Fair" rating reflects that while this isn't the cheapest quote available, it's competitive and well within a justifiable range. There's likely some room to shop around, but this isn't a premium that should raise alarm bells.
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How Moore Park Beach Compares
To really appreciate this quote, it helps to see how Moore Park Beach stacks up against broader benchmarks. You can explore full data on the Moore Park Beach insurance stats page, the Queensland state overview, and national insurance statistics.
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Moore Park Beach (suburb) | $5,765/yr | $3,434/yr |
| Queensland (state) | $4,547/yr | $3,931/yr |
| Australia (national) | $2,965/yr | $2,716/yr |
| This quote | $2,767/yr | — |
A few things stand out here. First, Moore Park Beach premiums are significantly elevated compared to national figures — the suburb average is nearly double the national average. This is a common pattern in coastal Queensland, where proximity to the ocean, storm surge risk, and flood-prone geography all push premiums higher.
Second, this particular quote beats the Queensland state average by 39% and sits well below the suburb average. The 75th percentile for the suburb sits at $4,723 — so the majority of homeowners in Moore Park Beach are paying considerably more than this quote.
The relatively wide spread between the suburb's 25th percentile ($2,710) and 75th percentile ($4,723) — based on a sample of 32 quotes — suggests that insurer pricing in this area varies considerably. That's a strong signal that comparing multiple quotes can yield meaningful savings.
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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 Walls & Colorbond Roof This construction combination is generally well-regarded by insurers. Brick veneer offers solid structural integrity and reasonable fire resistance, while steel Colorbond roofing is durable, lightweight, and performs well in high-wind conditions. Compared to weatherboard or fibro construction, this profile typically attracts more competitive premiums.
Slab Foundation A concrete slab foundation is standard for homes built in this era and region. It's a neutral-to-positive factor for insurers — slabs tend to be less susceptible to certain types of subsidence and pest-related damage compared to raised timber stumps.
Built in 2004 At around 20 years old, this home sits in a comfortable middle ground. It's new enough to comply with modern building codes (post-1990s reforms improved cyclone and flood resilience standards), yet old enough that some wear-and-tear is expected. Insurers generally view this age range favourably.
Swimming Pool A pool adds liability exposure and increases the overall replacement cost of the property. Pools must be included in the sum insured calculation, and they can nudge premiums upward — particularly if safety compliance isn't current.
Solar Panels Solar panels are now factored into building replacement costs by most insurers. At $590,000 sum insured, it's worth confirming that the panels are adequately covered under the building policy. Some insurers include them automatically; others require explicit inclusion.
Tile Flooring & Standard Fittings Tiled flooring and standard-grade fittings keep the replacement cost estimate grounded. High-end finishes (stone benchtops, custom joinery, premium appliances) can significantly inflate rebuild costs — standard fittings help keep the sum insured, and therefore the premium, more manageable.
Contents Insured at $70,000 The contents cover of $70,000 is a reasonable figure for a 3-bedroom home with standard fittings. It's worth doing a proper stocktake periodically — underinsuring contents is a common issue that only becomes apparent at claim time.
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Tips for Homeowners in Moore Park Beach
1. Don't anchor to the suburb average The average premium in Moore Park Beach is $5,765 — but as this quote shows, you don't have to pay anywhere near that. Insurer pricing varies enormously in coastal Queensland. Use the suburb average as a reference point, not a ceiling.
2. Review your sum insured annually Building costs have risen sharply in recent years. A sum insured of $590,000 for a 139 sqm brick veneer home is substantial, but construction cost inflation means rebuild estimates can shift quickly. Ask your insurer how they calculate replacement value, and consider an independent assessment if you haven't reviewed it recently.
3. Check your pool and solar panel coverage explicitly Both features can create gaps if your policy doesn't address them clearly. Confirm that your pool fencing, equipment, and solar panel system are all covered — and understand whether solar panels are treated as building or contents under your specific policy.
4. Compare quotes at renewal, every time The wide premium spread in this suburb (from $2,710 to $4,723 between the 25th and 75th percentiles) is a clear sign that loyalty doesn't pay. Insurers price risk differently, and the market shifts each year. A quick comparison at renewal could save you hundreds of dollars.
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Ready to See What You Could Pay?
Whether you're reviewing your current policy or shopping for the first time, comparing quotes is the most effective way to make sure you're not overpaying. Get a home insurance quote at CoverClub and see how your premium stacks up against real data from your suburb, your state, and across Australia.