If you own a free standing home in Regents Park, QLD 4118, you're probably curious whether you're getting a fair deal on your home insurance. This article breaks down a real home and contents insurance quote for a four-bedroom, two-bathroom weatherboard home in the suburb — and puts it in context against local, state, and national benchmarks so you can make a more informed decision.
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Is This Quote Fair?
The quote in question comes in at $2,149 per year (or around $206 per month) for combined home and contents cover, with a building sum insured of $598,000 and contents valued at $50,000. Both the building and contents excess are set at $1,000.
Our price rating for this quote is FAIR — Around Average, which means it sits comfortably within the typical range for this suburb without being an outlier in either direction. It's not the cheapest quote you'll find, but it's also well short of the upper end of the market for Regents Park.
To put that in perspective, the suburb average premium is $2,437/yr and the suburb median is $2,319/yr, based on 114 quotes collected for the Regents Park area. This quote lands below both figures, which is a positive sign. It falls between the 25th percentile ($1,681/yr) and the 75th percentile ($2,881/yr), placing it squarely in the middle of the pack — hence the "Around Average" rating.
So while there may be room to find a lower premium with the right insurer, this quote is by no means overpriced for the property type and coverage level on offer.
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How Regents Park Compares
One of the most striking things about this quote is how it stacks up against broader benchmarks. You can explore the full data on our Regents Park suburb stats page, but here's a quick summary:
| Benchmark | Premium |
|---|---|
| This Quote | $2,149/yr |
| Regents Park Suburb Average | $2,437/yr |
| Regents Park Suburb Median | $2,319/yr |
| LGA (Logan) Average | $4,617/yr |
| QLD State Average | $9,129/yr |
| QLD State Median | $3,903/yr |
| National Average | $5,347/yr |
| National Median | $2,764/yr |
The numbers tell an interesting story. Queensland's home insurance market is notoriously expensive — the state average of $9,129/yr is heavily skewed by high-risk areas in North Queensland, including cyclone-prone coastal zones and flood-affected regions. The state median of $3,903/yr is a more representative figure, and even then, this Regents Park quote comes in well below it.
Compared to the national average of $5,347/yr, the quote looks even more competitive. The national median of $2,764/yr is perhaps the most useful comparison point — and at $2,149/yr, this quote sits about $615 below that figure.
The Logan LGA average of $4,617/yr is also worth noting. Regents Park sits within the Logan City Council area, and the suburb appears to benefit from relatively lower risk ratings compared to other parts of Logan — particularly those with greater flood or storm exposure.
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Property Features That Affect Your Premium
Several characteristics of this property will have influenced how insurers priced this quote.
Weatherboard wood external walls are one of the more significant factors. Timber-framed and clad homes are generally considered higher risk than brick or rendered construction, as they're more susceptible to fire and can be more costly to repair or replace. This can push premiums upward compared to equivalent brick homes in the same suburb.
Tiled roof is a neutral-to-positive factor. Tiles are durable and widely used across Queensland, and insurers tend to view them favourably compared to older corrugated iron or fibrous cement sheeting.
Slab foundation is generally considered low risk and straightforward to insure, with less exposure to subsidence or underfloor issues compared to raised or suspended floor systems.
Construction year of 1985 places this home in a mature but not ancient category. Homes of this era may have older plumbing or electrical systems that could be flagged by some insurers, though this is typically reflected in the excess structure rather than dramatically inflating the premium.
Solar panels are present on this property, which adds a modest layer of complexity to the sum insured calculation. Solar systems need to be factored into the building replacement cost, and some insurers cover them under the building policy while others treat them separately. It's worth confirming your policy wording covers the panels and inverter.
Ducted climate control also adds to the replacement value of the home and should be reflected in the building sum insured — which at $598,000 for a 214 sqm home appears reasonable for the area.
Notably, the absence of a pool removes one common source of premium loading, and the property is not located in a cyclone risk area, which is a meaningful advantage for Queensland homeowners.
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Tips for Homeowners in Regents Park
1. Review your building sum insured regularly At $598,000 for a 214 sqm weatherboard home, the sum insured looks reasonable — but construction costs have risen significantly in recent years. Use a building cost calculator or speak to a quantity surveyor to make sure you're not underinsured. Underinsurance can leave you significantly out of pocket after a major claim.
2. Confirm solar panel coverage in your policy Not all home insurance policies automatically cover solar panel systems to their full replacement value. Check whether your insurer covers the panels, inverter, and associated wiring under the building section, and whether there are any sub-limits that apply.
3. Consider your excess strategy Both the building and contents excess on this quote are set at $1,000. Opting for a higher excess can reduce your annual premium, but make sure the saving justifies the additional out-of-pocket cost if you ever need to claim. For contents, consider whether $50,000 is sufficient given the size of the home.
4. Shop around at renewal time Even a "Fair" rated quote has room for improvement. Insurers reprice policies regularly, and loyalty doesn't always pay. Running a comparison at renewal — especially through a platform that benchmarks your quote against real market data — is one of the simplest ways to avoid overpaying.
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Compare Your Own Quote
Whether you're reviewing an existing policy or shopping for cover for the first time, it pays to know where your quote sits relative to the market. CoverClub analyses real insurance quotes across Australia and gives you clear, data-driven context so you can make smarter decisions.