If you own a free standing home in Regents Park, QLD 4118, you've probably noticed that home insurance costs can vary enormously depending on who you ask — and what your property looks like. This article breaks down a real home and contents insurance quote for a three-bedroom brick veneer home in the suburb, putting the numbers in context so you can make a more informed decision at renewal time.
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Is This Quote Fair?
The quote in question comes in at $2,156 per year (or roughly $201 per month) for combined home and contents cover. The building is insured for $542,000, with $150,000 in contents cover and a $1,000 excess on both components.
Our independent price rating for this quote is FAIR — Around Average.
That assessment holds up when you look at the local data. Based on 114 quotes collected for Regents Park (postcode 4118), the suburb average sits at $2,437 per year, and the median is $2,319 per year. At $2,156, this quote comes in below both of those benchmarks — meaning it's genuinely competitive relative to what most Regents Park homeowners are being quoted.
To put it in percentile terms: the 25th percentile for the suburb is $1,681/yr, and the 75th percentile is $2,881/yr. This quote sits comfortably in the middle band — not the cheapest available, but well clear of the more expensive end of the market. For a property with a pool, solid brick veneer construction, and a slab foundation, landing in this range is a reasonable outcome.
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How Regents Park Compares
One of the most striking things about this quote is how it looks when you zoom out to the state and national level.
Queensland as a whole carries a state average premium of $9,129 per year — though that figure is heavily skewed by high-risk coastal and cyclone-prone areas in Far North Queensland. The state median is a more grounded $3,903/yr, which still sits well above this quote. The Logan LGA average (which encompasses Regents Park) is $4,617/yr, making this quote look even more favourable in a local government context.
At the national level, the average home insurance premium across Australia is $5,347/yr, with a median of $2,764/yr. Again, this quote comes in under the national median — a meaningful result given that many Australian homeowners are paying significantly more than they need to.
The takeaway? Regents Park is not a cheap suburb to insure by any means, but it's also far from the most expensive. Compared to coastal Queensland or flood-affected areas further north, homeowners here are operating in a relatively moderate risk environment — and this quote reflects that.
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Property Features That Affect Your Premium
Several characteristics of this particular property will have influenced where the premium landed.
Brick veneer construction is generally viewed favourably by insurers. It offers solid fire resistance and durability compared to weatherboard or lightweight cladding, which can translate to lower rebuild risk and, in turn, lower premiums.
Steel/Colorbond roofing is another positive signal. Colorbond is widely used across Queensland and is well-regarded for its resilience in storm conditions. It's less susceptible to hail damage than some tile alternatives, which matters in South East Queensland where severe storms are not uncommon.
Slab foundation homes are typically straightforward to assess for insurers — there's no underfloor space to worry about and less exposure to certain types of subsidence or pest damage compared to raised foundations.
The swimming pool is worth noting. Pools add liability exposure and can increase the contents or structural elements of a policy. It's one reason why even a modest premium bump above the suburb's 25th percentile is understandable here.
The property is not in a cyclone risk zone, which is a significant factor in keeping the premium lower than many Queensland properties. Cyclone-rated premiums in Far North Queensland can be multiples of what you'd pay in the south-east corner of the state.
At 160 sqm and built in 1991, this is a mid-sized, established home. The $542,000 building sum insured reflects current rebuild costs rather than market value — an important distinction that's easy to get wrong.
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Tips for Homeowners in Regents Park
1. Review your sum insured regularly Construction costs have risen sharply in recent years. A building sum insured that was accurate two or three years ago may no longer reflect what it would actually cost to rebuild your home today. Underinsurance is a common and costly problem — use a building cost calculator or speak with a quantity surveyor if you're unsure.
2. Don't overlook your pool in your contents/liability review If you have a swimming pool, make sure your policy includes adequate public liability cover. Accidents involving pools can result in significant claims, and not all standard policies treat pool-related liability the same way. Check the Product Disclosure Statement carefully.
3. Compare quotes at renewal, not just when you first buy The insurance market shifts constantly. A quote that was competitive last year may not be the best available today. South East Queensland has seen notable premium movements in recent years due to weather events and reinsurance costs. Spending 20 minutes comparing at renewal can save hundreds of dollars.
4. Consider your excess strategically A $1,000 excess on both building and contents is fairly standard, but increasing your excess can reduce your annual premium. If you're a low-claim household and have the cash reserves to cover a higher excess in an emergency, this trade-off can make financial sense over the long term.
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Ready to Compare?
Whether you're reviewing your current policy or shopping for the first time, CoverClub makes it easy to see how your quote stacks up. Get a home insurance quote for your Regents Park property and compare it against real data from your suburb, your LGA, and across Australia — so you know exactly where you stand.