Redland Bay is a sought-after coastal suburb on the southern Redlands Coast, known for its relaxed lifestyle, waterway access, and proximity to the Southern Moreton Bay Islands. For owners of a free standing home in this area, getting the right home and contents insurance — and knowing whether you're paying a fair price — is an important part of protecting one of your most significant assets. This article breaks down a recent quote for a four-bedroom, two-bathroom brick veneer home in Redland Bay (QLD 4165) and puts it into context using real suburb, state, and national data.
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Is This Quote Fair?
The annual premium in question comes in at $1,695 per year (or approximately $166 per month), covering both building and contents for a home insured at $800,000 for the building and $60,000 for contents. The building excess is $2,000 and the contents excess is $600.
Our price rating for this quote is FAIR — Around Average, which is a reasonable outcome when you dig into the numbers. Here's why:
Compared to the suburb average of $2,324/yr and the suburb median of $2,662/yr, this quote sits noticeably below both benchmarks — meaning the homeowner is paying less than most of their neighbours for comparable cover. That's a positive sign.
At the same time, it's worth noting that the 25th percentile for Redland Bay is $1,282/yr, which means roughly a quarter of quotes in the suburb come in even cheaper. So while $1,695 is below average, there is still room to potentially find a more competitive price with a broader comparison.
Overall, "Fair — Around Average" is an accurate description: not the cheapest available, but well below what many Redland Bay homeowners are paying.
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How Redland Bay Compares
One of the most striking insights from the data is just how much cheaper Redland Bay premiums are compared to the broader Queensland market. Check out the full Redland Bay insurance stats and Queensland state averages for the complete picture.
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Redland Bay (suburb) | $2,324/yr | $2,662/yr |
| Redland LGA | $3,289/yr | — |
| Queensland (state) | $4,547/yr | $3,931/yr |
| National | $2,965/yr | $2,716/yr |
A few things stand out here:
- Queensland is expensive. The state average of $4,547/yr is significantly higher than the national average of $2,965/yr, largely driven by the elevated flood, storm, and cyclone risks found across much of QLD. You can explore national home insurance benchmarks to see how other states compare.
- Redland Bay bucks the QLD trend. At a suburb average of $2,324/yr, Redland Bay is actually cheaper than the national average — a notable result for a Queensland postcode. This likely reflects the area's relatively low cyclone risk and its position outside major flood zones compared to other parts of the state.
- The quote analysed here ($1,695/yr) sits below both the suburb and national averages, making it a competitive outcome in an otherwise pricey state.
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Property Features That Affect Your Premium
Several characteristics of this particular home play a role in shaping the premium, and understanding them can help you anticipate costs or find savings.
Brick Veneer Construction Brick veneer walls are generally viewed favourably by insurers. They offer solid fire resistance and structural durability, which can contribute to lower rebuild costs compared to lightweight cladding materials. This is a positive factor for premium pricing.
Steel/Colorbond Roof Colorbond steel roofing is a popular and practical choice in Queensland. It's lightweight, resistant to corrosion, and holds up well in storm conditions. Insurers generally regard it as a low-maintenance, durable roofing material — another tick in the right column.
Concrete Slab Foundation A slab foundation offers stability and is less susceptible to subsidence or moisture-related issues compared to older stumped or timber-framed subfloors. This reduces the likelihood of certain structural claims.
Swimming Pool A pool adds to the overall replacement value of the property, which can push the sum insured — and therefore the premium — upward. It also introduces a liability element worth considering. Make sure your policy clearly covers pool-related infrastructure, including pumps, filtration systems, and fencing.
Solar Panels Solar panels are an increasingly common feature on Queensland homes, but they do add to the insured value. Panels can be damaged by hail, storm, or falling debris, so it's important to confirm whether your policy covers them as part of the building sum insured or requires a separate endorsement.
Ducted Climate Control Ducted air conditioning is a significant fixed asset, and its replacement cost should be factored into your building sum insured. Underinsuring a home with premium inclusions like ducted climate control is a common mistake that can leave homeowners out of pocket at claim time.
No Cyclone Risk Unlike many parts of Queensland — particularly north of the Tropic of Capricorn — Redland Bay is not classified as a cyclone risk area. This is a meaningful factor in keeping premiums lower than the QLD state average, which is heavily influenced by high-risk northern postcodes.
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Tips for Homeowners in Redland Bay
1. Review your sum insured regularly Building costs have risen considerably in recent years. A home insured at $800,000 may have been adequate when the policy was first taken out, but with construction inflation, it's worth getting an independent building replacement cost estimate to ensure you're not underinsured — especially with features like ducted air conditioning and a pool.
2. Check your solar panel coverage Ask your insurer explicitly whether solar panels are included under your building cover or whether they need to be listed separately. Given the frequency of hailstorms in south-east Queensland, this is not a detail to overlook.
3. Compare quotes across multiple insurers The spread of premiums in Redland Bay is wide — from $1,282/yr at the 25th percentile to $3,267/yr at the 75th percentile. That's a difference of nearly $2,000 per year for similar homes. Shopping around at renewal time can yield meaningful savings. Get a home insurance quote at CoverClub to see how your current premium stacks up.
4. Consider your excess settings strategically This quote carries a $2,000 building excess. Opting for a higher excess is one way to reduce your annual premium, but make sure you'd be comfortable covering that amount out of pocket in the event of a claim. For contents, the $600 excess is relatively modest — worth reviewing if you're looking to trim costs further.
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Compare Your Home Insurance Today
Whether you're a long-time Redland Bay resident or new to the area, it pays to know what others in your suburb are paying. CoverClub makes it easy to compare home and contents insurance quotes from a range of Australian insurers in one place. Start your free quote comparison at CoverClub and find out if you could be paying less for the same level of cover.