If you own a five-bedroom free standing home in Roxburgh Park, VIC 3064, you're likely wondering whether your home and contents insurance premium is reasonable — or whether you're leaving money on the table. This article breaks down a real quote of $2,012 per year (or $196/month) for a property in this suburb, and puts it in context against local, state-wide, and national benchmarks to help you make a more informed decision.
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Is This Quote Fair?
The short answer: yes, broadly speaking — but there's room to shop around.
This quote has been rated Fair (Around Average), which means it sits comfortably within the typical range for the area, without being a standout bargain or an obvious overpay. The building is insured for $950,000 with a $2,000 excess, and contents are covered for $70,000 with a $1,000 excess. For a 235 sqm brick veneer home built in 2000 with features like ducted climate control and solar panels, those sum insured figures are reasonable and the premium reflects that coverage level.
That said, "fair" doesn't mean "the best available." Premiums for comparable properties in Roxburgh Park range from around $1,111/yr at the 25th percentile up to $2,022/yr at the 75th percentile, based on 104 quotes analysed for this suburb. At $2,012, this quote sits just inside the upper quartile — meaning roughly three-quarters of similar quotes in the area come in cheaper. If budget is a priority, it's worth exploring whether a different insurer can offer comparable cover at a lower price point.
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How Roxburgh Park Compares
One of the most useful ways to assess any insurance quote is to zoom out and look at the broader picture.
| Benchmark | Premium |
|---|---|
| This Quote | $2,012/yr |
| Roxburgh Park Suburb Average | $1,618/yr |
| Roxburgh Park Suburb Median | $1,656/yr |
| LGA (Whittlesea) Average | $1,774/yr |
| VIC State Average | $3,000/yr |
| VIC State Median | $2,718/yr |
| National Average | $5,347/yr |
| National Median | $2,764/yr |
A few things stand out here. First, Roxburgh Park is a relatively affordable suburb to insure compared to the rest of Victoria and the country as a whole. The suburb average of $1,618/yr is well below the Victorian state average of $3,000/yr, and dramatically lower than the national average of $5,347/yr — which is heavily skewed upward by high-risk areas in Queensland, Western Australia, and the Northern Territory.
This means homeowners in Roxburgh Park are in a relatively favourable position when it comes to insurance affordability. The suburb sits within the City of Whittlesea LGA, where the average premium of $1,774/yr also tracks below the state figure, suggesting the broader region benefits from manageable risk profiles.
For this particular quote, the $2,012 figure is about 24% above the suburb average — largely attributable to the size and value of the property (235 sqm, $950,000 building sum insured) and its elevated construction, which can influence pricing depending on the insurer's risk model.
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Property Features That Affect Your Premium
Several characteristics of this property will have influenced the final premium. Here's how each one plays a role:
Brick Veneer Walls & Tiled Roof This is a very common and well-regarded construction type in Melbourne's northern suburbs. Brick veneer with a tiled roof is generally viewed favourably by insurers — it's durable, fire-resistant, and widely understood. This combination typically results in more competitive premiums compared to, say, weatherboard cladding or a corrugated iron roof.
Elevated on Stumps (At Least 1m) The property is elevated by at least one metre on stumps — a construction style more commonly associated with Queensland, but present in parts of Victoria too. This can cut both ways: elevation often improves flood resilience (water flows underneath rather than into the home), but some insurers price elevated homes differently due to the structural complexity of stump foundations and potential maintenance considerations.
Solar Panels Solar panels add replacement value to the property and are increasingly factored into building sum insured calculations. It's important to ensure your building sum insured accounts for the cost of reinstating the solar system in the event of a total loss.
Ducted Climate Control Ducted heating and cooling systems are a significant fixed asset within the home. They're covered under building insurance in most policies, but their presence does contribute to the overall replacement cost — and therefore the appropriate sum insured.
No Pool, No Cyclone Risk The absence of a pool removes a common liability and maintenance cost factor from the equation. And being outside a designated cyclone risk area (as is the case for all of metropolitan Melbourne) means this property avoids the significant premium loadings that affect homes in northern Australia.
Built in 2000 A home built around the turn of the millennium is neither brand new nor particularly aged. It falls within a comfortable mid-range for insurers — past the higher-risk early construction years, but not yet at the age where significant wear and structural concerns typically arise.
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Tips for Homeowners in Roxburgh Park
1. Review your building sum insured regularly With construction costs rising across Australia, many homeowners find their building sum insured has fallen behind actual rebuild costs. A 235 sqm brick veneer home in Melbourne's north could cost significantly more to rebuild today than it would have even three years ago. Use a building cost estimator or speak with a quantity surveyor to make sure $950,000 still reflects current rebuild costs — not just market value.
2. Compare quotes before renewing Because this quote sits near the upper end of the suburb's price range, it's well worth comparing alternatives at renewal time. Getting a fresh quote through CoverClub takes only a few minutes and could reveal meaningful savings without reducing your level of cover.
3. Consider your excess settings This policy carries a $2,000 building excess and a $1,000 contents excess. Opting for a higher voluntary excess is one of the most straightforward ways to reduce your annual premium. If you have a solid emergency fund and are unlikely to make small claims, increasing your excess could deliver worthwhile savings.
4. Check what's included for solar and ducted systems Make sure your policy explicitly covers your solar panel system and ducted climate control under the building definition. Some policies have sub-limits or exclusions for these items, particularly for mechanical or electrical breakdown. Reading the Product Disclosure Statement (PDS) carefully — or asking your insurer directly — can prevent unpleasant surprises at claim time.
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Ready to Compare?
Whether you're buying a new policy or coming up to renewal, it pays to see what else is available. CoverClub makes it easy to compare home and contents insurance quotes for properties in Roxburgh Park and across Victoria — so you can be confident you're getting solid cover at a competitive price. Enter your address to get started.