If you own a free standing home in Perth, Tasmania (7300), you're probably wondering whether your home insurance premium is competitive — or whether you're paying more than you should be. This analysis breaks down a recent home and contents insurance quote for a five-bedroom, double brick home in Perth TAS, comparing it against local, state, and national benchmarks to help you make a more informed decision.
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Is This Quote Fair?
The quote in question comes in at $2,646 per year (or roughly $254 per month) for combined home and contents cover, with a building sum insured of $900,000 and contents valued at $249,000. Both the building and contents excess are set at $500.
Our price rating for this quote is Expensive — Above Average.
To put that in context: the average premium paid by homeowners in the Perth 7300 suburb sits at just $1,331 per year, with a median of $1,357. Even at the 75th percentile — meaning 75% of comparable quotes are cheaper — the figure is only $1,645. This quote lands well above that threshold.
That said, it's worth understanding why this premium is higher before assuming the policy is poor value. A $900,000 building sum insured is a substantial coverage amount, and a contents value of $249,000 adds meaningful weight to the overall risk being underwritten. Larger coverage limits naturally push premiums upward, even when the base risk profile of the property is relatively benign.
At the state level, the average home insurance premium across Tasmania is $2,814 per year, with a median of $2,326. So while this quote is above the Perth suburb average, it actually sits below the Tasmanian state average — which provides some reassurance that the pricing isn't wildly out of step with broader market conditions in the state.
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How Perth TAS Compares
Understanding where your suburb sits within the broader insurance landscape is crucial for benchmarking. Here's a quick snapshot:
| Benchmark | Premium |
|---|---|
| Perth 7300 suburb average | $1,331/yr |
| Perth 7300 suburb median | $1,357/yr |
| Perth 7300 — 75th percentile | $1,645/yr |
| Northern Midlands LGA average | $2,528/yr |
| Tasmania state average | $2,814/yr |
| Tasmania state median | $2,326/yr |
| National average | $5,347/yr |
| National median | $2,764/yr |
A few things stand out here. First, Perth TAS is a relatively affordable suburb to insure — the local averages are well below both the state and national figures. This suggests the area carries a lower perceived risk profile, which is consistent with its non-cyclone designation and inland Tasmanian location.
Second, the national average of $5,347 is a stark reminder of how much home insurance costs can vary across Australia. Homeowners in high-risk coastal or flood-prone areas can pay multiples of what Perth TAS residents typically pay.
Third, the Northern Midlands LGA average of $2,528 is notably higher than the Perth suburb average, suggesting that while Perth itself is relatively affordable, some surrounding areas in the same local government area attract higher premiums — possibly due to varying flood, fire, or storm risk profiles.
You can explore the full data for this area on the Perth TAS 7300 suburb stats page.
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Property Features That Affect Your Premium
Several characteristics of this property influence how insurers assess and price the risk:
Double Brick Construction Double brick is generally viewed favourably by insurers. It's a robust, fire-resistant building material that holds up well against structural damage. Compared to timber-framed or clad homes, double brick properties often attract more competitive base premiums — all else being equal.
Steel / Colorbond Roof A Colorbond steel roof is considered a low-maintenance, durable roofing choice. It performs well in a range of weather conditions and is less susceptible to storm damage than some alternatives. This is a positive factor for insurers assessing the property.
Slab Foundation Concrete slab foundations are standard in many Australian homes and are generally well-regarded by insurers. They provide good structural stability, though insurers may assess soil type and drainage in the area when evaluating risk.
Swimming Pool The presence of a pool adds to the replacement cost of the property, which is a contributing factor to the higher building sum insured. Pools can also introduce a minor liability consideration, depending on the policy.
Solar Panels Solar panels are an increasingly common feature on Australian homes. They add to the insured value of the building and may require specific coverage consideration — it's worth confirming your policy explicitly covers solar panels for damage or theft.
Size and Age At 325 sqm and built in 1980, this is a sizeable, established home. Older homes can sometimes attract higher premiums due to the cost of sourcing period-appropriate materials or the presence of older electrical and plumbing systems. However, double brick construction from this era tends to age well.
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Tips for Homeowners in Perth TAS
1. Review your sum insured regularly A $900,000 building sum insured is significant. Make sure this figure reflects the actual cost to rebuild your home (not its market value), including demolition, professional fees, and current construction costs. Underinsuring can leave you seriously out of pocket after a major claim.
2. Confirm solar panel and pool coverage Not all standard home insurance policies automatically cover solar panel systems or pool equipment to the same extent. Ask your insurer directly what's included and whether you need to list these as specified items.
3. Compare quotes — don't auto-renew The gap between the cheapest and most expensive quotes in Perth 7300 is substantial (the 25th percentile sits at just $853/yr). Shopping around at renewal time could save you hundreds of dollars without sacrificing meaningful coverage.
4. Consider your excess level A $500 excess on both building and contents is fairly standard. If you're in a strong financial position and unlikely to make small claims, opting for a higher excess can meaningfully reduce your annual premium.
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Compare Home Insurance Quotes in Perth TAS
Whether this quote is right for you depends on your coverage needs, risk tolerance, and what other insurers are offering for the same property. The best way to find out is to compare.
At CoverClub, we make it easy to benchmark your premium against real quotes from across your suburb and state. Get a home insurance quote today and see how much you could save — or confirm you're already getting a fair deal.