If you own a free standing home in Noranda, WA 6062, you're probably curious whether you're paying a fair price for home and contents insurance — or whether there's room to do better. This article breaks down a real quote for a 4-bedroom, 2-bathroom double brick home in Noranda, comparing it against local, state, and national benchmarks so you can make a more informed decision at renewal time.
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Is This Quote Fair?
The annual premium for this quote came in at $1,867 per year (or $179/month), covering both building (sum insured: $570,000) and contents ($70,000), each with a $500 excess. Our analysis rates this quote as FAIR — around average.
That rating holds up when you look at the numbers. The suburb average for Noranda sits at $1,847/yr, meaning this quote is just $20 above what most comparable properties in the area are paying. It's also well above the 25th percentile ($1,474/yr), which tells us there are cheaper options available — but it falls comfortably below the 75th percentile of $2,113/yr, so it's not an outlier on the expensive end either.
In short: this isn't a bargain, but it's not a rip-off. It's a mid-range price for a mid-range risk profile in a relatively affordable suburb for home insurance.
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How Noranda Compares
One of the more striking takeaways from this data is just how favourably Noranda stacks up against broader benchmarks. Check out the numbers:
| Benchmark | Premium |
|---|---|
| This quote | $1,867/yr |
| Noranda suburb average | $1,847/yr |
| Noranda suburb median | $1,728/yr |
| LGA average (Bayswater) | $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 |
Compared to the WA state average of $2,811/yr, this quote represents a saving of nearly $1,000 annually — that's a meaningful difference. And against the national average of $5,347/yr, Noranda homeowners are paying roughly a third of what some Australians fork out elsewhere.
It's worth noting that the LGA average for Bayswater ($1,514/yr) is noticeably lower than the Noranda suburb average. This could reflect a mix of property types and construction profiles across the broader LGA, so it's important not to benchmark too broadly — suburb-level data gives a more accurate picture for your specific area. You can explore the full stats for Noranda and the 6062 postcode here.
The sample size for Noranda is 19 quotes, which is a reasonable dataset for a suburban postcode, though it's worth keeping in mind there's natural variability in any small sample.
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Property Features That Affect Your Premium
Several characteristics of this property influence where the premium lands — for better and for worse.
Double Brick Construction
Double brick is widely regarded as one of the most resilient wall materials in Australian residential construction. It offers excellent fire resistance, thermal mass, and structural integrity. Insurers generally view double brick favourably, and it's one reason Noranda properties — many of which were built in the post-war and 1970s–1980s boom eras — tend to attract reasonable premiums.
Tiled Roof
A tiled roof is a solid, durable choice that insurers are comfortable with. Compared to older or more vulnerable roofing materials, tiles represent a lower risk of weather-related damage (particularly in a non-cyclone zone like Perth's northern suburbs), which helps keep premiums in check.
Built in 1985
At roughly 40 years old, this home is entering the age bracket where insurers may start factoring in wear and tear on plumbing, electrical systems, and roofing. It's not old enough to trigger significant loading, but it's worth ensuring your sum insured reflects the true cost of rebuilding to modern standards — including updated wiring and plumbing if needed.
Pool, Solar Panels & Ducted Climate Control
These three features add value to the property but also increase the cost to replace or repair. A swimming pool adds liability exposure and rebuild cost. Solar panels — particularly a full rooftop system — can be expensive to replace after storm or hail damage. Ducted climate control is a significant fixture that contributes to the overall sum insured. Together, these features justify a higher building sum insured and contribute to a premium above the LGA average.
Slab Foundation & Timber/Laminate Flooring
A concrete slab foundation is standard for Perth homes of this era and is considered low-risk from an insurance perspective. Timber and laminate flooring, however, can be more susceptible to water damage than tiles, which is something to keep in mind if you're reviewing your contents and building cover inclusions.
No Cyclone Risk
Noranda sits well outside any cyclone-designated zone, which is a meaningful premium advantage compared to properties in northern WA. Cyclone-rated premiums can be dramatically higher, so Perth metro homeowners benefit significantly from this lower-risk classification.
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Tips for Homeowners in Noranda
1. Review your building sum insured regularly With construction costs rising across Perth, the cost to rebuild a 214 sqm double brick home has increased significantly in recent years. Make sure your $570,000 sum insured still reflects current labour and materials costs — underinsurance is one of the most common and costly mistakes homeowners make.
2. Don't overlook your pool and solar in your contents/building split Solar panels are typically covered under building insurance, but it's worth confirming this explicitly with your insurer. Pool equipment (pumps, filters, heating) may fall into a grey area — check your policy wording carefully and ask your insurer to clarify what's included.
3. Shop around at renewal — even if your current price seems fair A "fair" rating means you're not being overcharged, but it doesn't mean you're getting the best deal available. The 25th percentile for Noranda is $1,474/yr — $393 less than this quote. That gap is worth investigating. Get a comparison quote at CoverClub to see what else is on the market.
4. Consider a higher excess to reduce your premium With a $500 excess on both building and contents, there may be room to increase this if you're comfortable self-insuring smaller claims. Moving to a $1,000 or $2,000 excess can reduce your annual premium noticeably, particularly on building cover.
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Compare Your Home Insurance Today
Whether you're renewing your policy or shopping for the first time, CoverClub makes it easy to see how your quote stacks up. With real data from thousands of Australian homeowners, you can benchmark your premium and find a better deal in minutes. Start comparing home insurance quotes now — it's free, fast, and built for Australian homeowners.