If you own a free standing home in Regents Park, QLD 4118, you've probably noticed that home insurance can feel like a moving target — prices vary widely depending on who you ask, and it's not always obvious whether the quote in front of you is a good deal. This article breaks down a real quote for a 3-bedroom, 1-bathroom brick veneer home in the suburb, compares it against local and national benchmarks, and offers practical tips to help you get the most from your cover.
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Is This Quote Fair?
The quote in question comes in at $2,245 per year (or around $215/month) for combined home and contents insurance, covering a building sum insured of $510,000 and contents valued at $210,000. Both the building and contents excess are set at $500.
Our pricing analysis rates this quote as FAIR — Around Average. That's a reasonable outcome, but it's worth understanding what "average" actually means in this context.
Based on data from 114 quotes collected for Regents Park (postcode 4118), the suburb average premium sits at $2,437/year, with a median of $2,319/year. This quote lands below both figures, which is a modest but genuine saving. The 25th percentile for the suburb is $1,681/year — so there are cheaper options out there — while the 75th percentile reaches $2,881/year, meaning a significant portion of homeowners in Regents Park are paying considerably more.
In short: this quote isn't a standout bargain, but it's comfortably in the lower half of the local market. For a property of this size and specification, that's a reasonable position to be in.
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How Regents Park Compares
To put this quote in proper perspective, it helps to zoom out and look at the broader picture.
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Regents Park (4118) | $2,437/yr | $2,319/yr |
| LGA (Logan) | $4,617/yr | — |
| Queensland | $9,129/yr | $3,903/yr |
| National | $5,347/yr | $2,764/yr |
The numbers tell an interesting story. The Queensland state average of $9,129/year is dramatically higher than what Regents Park homeowners typically pay — a reflection of the enormous variation across the state, where cyclone-prone coastal and far-north Queensland regions push premiums to extreme levels. The QLD median of $3,903/year is a more grounded comparison, and Regents Park sits well below it.
Against the national average of $5,347/year, this quote looks even more favourable. The national median of $2,764/year is the most apples-to-apples comparison for a suburban property like this, and at $2,245/year, this quote comes in roughly $500 below that figure.
The Logan LGA average of $4,617/year is notably higher than Regents Park's suburb average, suggesting that other parts of the Logan council area carry significantly more risk — whether from flooding, storm damage, or other factors — pulling the LGA figure upward.
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Property Features That Affect Your Premium
Several characteristics of this property work in the owner's favour from an insurance pricing perspective — and a couple introduce additional considerations.
Brick veneer construction is generally viewed positively by insurers. It offers solid fire resistance and structural durability compared to weatherboard or fibre cement, which can translate to lower building premiums.
A tiled roof is another tick in the right column. Tiles are durable and perform well in moderate weather conditions. They're also a common roofing material in southeast Queensland, so insurers are well-acquainted with the risk profile.
Slab foundation is standard for homes of this era in Queensland and doesn't typically attract a premium loading. However, it's worth noting that slab-on-ground homes can be more susceptible to inundation damage if flooding occurs — something to keep in mind when reviewing your flood cover inclusions.
Timber and laminate flooring can be a factor in contents and building claims, particularly in water damage scenarios. These materials can be costly to replace or repair, so ensuring your sum insured adequately reflects this is important.
Solar panels are listed as a feature of this property. This is increasingly relevant to insurers — solar systems add value to the building and can be damaged by hail, storms, or fire. Homeowners should confirm whether their solar system is covered under the building policy and up to what value, as not all policies treat solar panels consistently.
Ducted climate control is another feature that adds to the replacement cost of the home. Ducted systems are expensive to install and repair, and they should be factored into your building sum insured to avoid being underinsured.
The property is not located in a designated cyclone risk area, which is a meaningful factor in keeping premiums lower than much of regional and northern Queensland.
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Tips for Homeowners in Regents Park
1. Review your sum insured regularly At $510,000, the building sum insured needs to reflect the actual cost of rebuilding — not the market value of the property. Construction costs have risen sharply in recent years, and a figure that was accurate two or three years ago may no longer be sufficient. Use a building calculator or speak with a quantity surveyor if you're unsure.
2. Check your solar panel coverage With solar panels on the roof, it's worth calling your insurer to confirm exactly how they're covered. Some policies include them automatically under building cover; others have sub-limits or exclusions. Given the cost of a quality solar system, this is worth verifying in writing.
3. Shop around — especially at renewal A "fair" rating means there's room to do better. The 25th percentile for Regents Park is $1,681/year — nearly $600 less than this quote. Comparing policies at renewal is one of the simplest ways to reduce your premium without sacrificing cover. Get a comparison quote at CoverClub to see what else is available.
4. Consider your flood cover carefully Regents Park and surrounding parts of Logan have experienced flooding events in the past. Check whether your policy includes flood cover as standard or as an optional add-on, and understand what the definition of "flood" is in your policy document — it can differ from "storm surge" or "rainwater runoff" in ways that matter at claim time.
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Compare Your Options Today
Whether you're renewing an existing policy or shopping for the first time, it pays to see the full picture. CoverClub makes it easy to compare home and contents insurance quotes for your Regents Park property in one place. Start your comparison now at CoverClub and find out whether you're getting the best value for your home.
For suburb-specific pricing data, visit the Regents Park insurance stats page.