Regents Park is a well-established residential suburb in Logan City, sitting about 25 kilometres south of Brisbane's CBD. Known for its family-friendly streets and solid brick homes, it's the kind of suburb where a five-bedroom free-standing house is a common sight. If you own — or are thinking of buying — a property like this, understanding what you should expect to pay for home and contents insurance is an important part of managing your household budget. This article breaks down a real insurance quote for a property in Regents Park QLD 4118, and puts the numbers into context so you can make an informed decision.
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Is This Quote Fair?
The quote in question comes in at $2,167 per year (or around $208 per month) for combined home and contents cover, with a building sum insured of $673,000 and contents valued at $150,000. Both the building and contents excess are set at $1,000.
Our pricing engine rates this quote as Fair — Around Average. That's a reasonable outcome for a property of this size and specification. It means the premium isn't a standout bargain, but it's also not excessive — it sits comfortably within the normal range for the area. For a five-bedroom home with a pool, solar panels, and ducted climate control, a "fair" rating is actually a solid result, since those features can push premiums upward.
The $1,000 excess on both building and contents is fairly standard across Australian insurers. Opting for a higher excess is one of the most straightforward ways to reduce your annual premium if you're comfortable covering more of a smaller claim yourself.
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How Regents Park Compares
To understand whether $2,167 is genuinely competitive, it helps to look at the broader data. Based on quotes collected for Regents Park (QLD 4118) from a sample of 114 quotes:
| Benchmark | Premium |
|---|---|
| Suburb average | $2,437/yr |
| Suburb median | $2,319/yr |
| Suburb 25th percentile | $1,681/yr |
| Suburb 75th percentile | $2,881/yr |
| This quote | $2,167/yr |
This quote sits below both the suburb average and median, which is encouraging. It falls between the 25th and 50th percentile for the area — meaning it's better than roughly half of all quotes collected locally, while still leaving room to potentially find something cheaper if you shop around.
The contrast with broader benchmarks is striking. Across Queensland as a whole, the average home insurance premium is a hefty $9,129 per year, with a median of $3,903. That state average is heavily skewed by high-risk coastal and cyclone-prone regions in North Queensland, where premiums can be eye-watering. Regents Park, sitting in South East Queensland and outside any designated cyclone risk zone, benefits significantly from its lower-risk location.
Compared to national figures — an average of $5,347/yr and a median of $2,764/yr — this quote also looks favourable. Even measured against the national median, $2,167 comes in roughly $600 cheaper per year.
At the LGA level, the Logan City average sits at $4,617/yr, which is considerably higher than this quote. Logan is a large and diverse local government area, and premiums vary widely across its suburbs depending on flood risk, crime statistics, and property values. Regents Park appears to be one of the more affordable pockets within the LGA.
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Property Features That Affect Your Premium
Several characteristics of this property are worth examining in the context of insurance pricing.
Brick veneer construction with a tiled roof is generally viewed favourably by insurers. Brick veneer is durable, fire-resistant, and widely understood by the industry. Tiled roofs, while heavier than metal alternatives, are also well-regarded for longevity. Together, these materials typically attract more competitive premiums than timber-framed or clad homes.
Slab foundation is the standard for homes of this era in Queensland, and it doesn't carry the same underfloor moisture or pest-related concerns that can affect older homes on stumps or piers.
Built in 1994, the property is now around 30 years old — old enough to have some wear, but not so old that insurers treat it as a high-maintenance risk. It's worth ensuring your building sum insured reflects current construction costs, as rebuilding a 214 sqm home at today's labour and material prices can be significantly more expensive than it would have been even five years ago.
The swimming pool adds both value and liability to the property. Pools can increase premiums slightly due to the additional replacement cost and the liability considerations that come with them. Similarly, ducted climate control is a high-value fixture that contributes to the overall building replacement cost.
Solar panels are an increasingly common feature across Queensland, and most insurers now include them under building cover — but it's worth confirming this explicitly in your policy. Given the value of a quality solar system, you want to be certain it's covered in the event of storm damage or fire.
Carpet flooring is noted as the primary flooring type. While not a major premium driver, it's worth documenting the quality and extent of carpet under your contents or building policy, as flooring can be a significant cost in a partial loss claim.
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Tips for Homeowners in Regents Park
1. Review your building sum insured regularly Construction costs in South East Queensland have risen sharply in recent years. A sum insured of $673,000 for a 214 sqm home works out to roughly $3,145 per square metre — which is in the right ballpark for a standard-quality brick veneer home, but worth revisiting annually. Being underinsured at claim time can leave you significantly out of pocket.
2. Confirm your solar panels and pool equipment are covered Ask your insurer specifically whether solar panels are included in your building cover and whether pool equipment (pumps, filters, heating systems) is covered under building or contents — or at all. These are easy items to overlook until you need to make a claim.
3. Shop around at renewal time This quote is rated as fair, but the gap between the 25th percentile ($1,681/yr) and this quote ($2,167/yr) shows there's meaningful variation in the market. Even if you're happy with your current insurer, it costs nothing to compare alternatives before renewing. Loyalty doesn't always pay in insurance.
4. Consider your excess strategically Both building and contents excesses are set at $1,000. If you have a solid emergency fund and are unlikely to make small claims, increasing your excess to $2,000 or more could reduce your annual premium noticeably — sometimes by 10–15%. Run the numbers with your insurer before your next renewal.
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Compare Your Own Quote
Whether you're reviewing an existing policy or shopping for cover on a new property, it pays to see what the market is offering. CoverClub makes it easy to get a home insurance quote and benchmark it against real data from your suburb. With over 114 quotes collected in Regents Park alone, you'll have genuine local context — not just a national average — to help you decide if your premium is truly competitive.