Soldiers Point is one of the Port Stephens region's most sought-after addresses — a leafy peninsula community where waterfront living meets a relaxed coastal lifestyle. If you own a free standing home here, protecting it with the right insurance is essential. This article breaks down a real home and contents insurance quote for a 3-bedroom property in Soldiers Point (NSW 2317) and puts the numbers into context so you can make a more informed decision at renewal time.
---
Is This Quote Fair?
The quote in question comes in at $3,464 per year (or $332 per month) for combined home and contents cover. The building is insured for $980,000 and contents for $80,000, with a $2,000 excess applying to both building and contents claims.
Our price rating for this quote is FAIR — Around Average, and the data backs that up. Within the Soldiers Point suburb, the average annual premium sits at $3,867 and the median is $3,959. This quote lands comfortably below both of those figures, which is a positive sign. It's also well within the interquartile range for the area — the 25th percentile is $3,038 and the 75th percentile is $4,632 — meaning it falls solidly in the middle of what locals are paying.
In short, this isn't a bargain-basement price, but it's not overpriced either. For a property with the features described below, a "fair" rating is a reasonable outcome — though it's always worth shopping around to see if you can nudge it closer to that lower quartile.
---
How Soldiers Point Compares
Understanding how your suburb stacks up against broader benchmarks helps put your premium in perspective. Here's how Soldiers Point compares:
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Soldiers Point (NSW 2317) | $3,867/yr | $3,959/yr |
| Port Stephens LGA | $3,116/yr | — |
| NSW (State) | $9,528/yr | $3,770/yr |
| National | $5,347/yr | $2,764/yr |
A couple of things stand out here. The NSW state average of $9,528 looks alarming at first glance, but the state median of $3,770 tells a more accurate story — a small number of very high-risk or high-value properties are dragging that average up significantly. Soldiers Point's median of $3,959 sits just slightly above the NSW median, which is consistent with a coastal suburb that carries some additional risk factors (more on that below).
Compared to the Port Stephens LGA average of $3,116, Soldiers Point premiums run a little higher, which likely reflects the peninsula's waterfront exposure and the generally higher property values in the area.
At the national level, the median of $2,764 is notably lower than what Soldiers Point homeowners are paying — but that's to be expected when you factor in coastal proximity, above-average property values, and the unique characteristics of NSW's insurance market.
You can explore more local data on the Soldiers Point suburb stats page, compare it against NSW state-wide figures, or take a look at national home insurance benchmarks.
> Note: The suburb sample size for Soldiers Point is 19 quotes, so these figures are directionally useful but should be interpreted with some caution given the relatively small dataset.
---
Property Features That Affect Your Premium
Every property tells its own story when it comes to insurance risk. Here's how the specific features of this home are likely influencing the quoted premium:
Construction year (1985): A home built in the mid-1980s sits in a moderately older bracket. Insurers may factor in the age of plumbing, electrical systems, and roofing when assessing risk. That said, 1985 builds are generally well-regarded structurally, and many have been significantly updated over the decades.
Steel/Colorbond roof: This is a positive factor. Colorbond roofing is durable, fire-resistant, and holds up well in coastal environments where salt air can accelerate corrosion in lesser materials. Insurers generally view this favourably.
Slab foundation: A concrete slab is a solid and stable foundation type that carries relatively low risk of subsidence or movement compared to some older stumped or pier-and-beam homes.
Above-average fittings quality: Higher-quality fixtures, finishes, and fittings increase the cost to rebuild or repair — and this is reflected in the $980,000 sum insured. Kitchens, bathrooms, and joinery of above-average quality are more expensive to replace like-for-like.
Swimming pool: Pools add both value and liability risk to a property. They're a common feature in coastal NSW homes, but they do contribute to a higher premium through increased liability exposure and the cost of pool-related infrastructure.
Solar panels: Solar systems represent a meaningful asset on your roof. Most home insurance policies cover solar panels as part of the building, but it's worth confirming this with your insurer — especially for larger systems where replacement costs are significant.
Granny flat: An additional dwelling on the property increases the total insurable value and can affect how claims are assessed, particularly if the flat is rented out. Make sure your policy explicitly covers the granny flat under the building sum insured.
Carpet flooring: Carpet is more susceptible to water damage than hard flooring, which can influence contents and building claims — particularly in the event of a storm or plumbing leak.
---
Tips for Homeowners in Soldiers Point
1. Review your sum insured regularly Building costs have risen sharply across Australia in recent years. A $980,000 sum insured may have been appropriate when the policy was first taken out, but it's worth getting an independent building replacement estimate to ensure you're not underinsured — especially with above-average fittings and a granny flat on the property.
2. Confirm your granny flat is fully covered Not all insurers automatically include a granny flat in the standard building sum insured, particularly if it's used as a rental. Check your policy wording carefully and speak to your insurer if you're unsure. If it's tenanted, you may also need a separate landlord insurance policy for that dwelling.
3. Check your pool and solar panel coverage Ask your insurer specifically whether your pool equipment (pump, filtration, heating) and solar panel system are covered under your current policy, and to what limit. These are often overlooked until a claim arises.
4. Shop around at renewal A "fair" rating means you're not being gouged — but you could potentially do better. Insurance premiums can vary significantly between providers for the same property. Use a comparison tool like CoverClub to benchmark your renewal quote before you accept it.
---
Compare Your Quote with CoverClub
Whether you're renewing an existing policy or buying insurance for the first time, it pays to compare. CoverClub makes it easy to see how your premium stacks up against what other homeowners in Soldiers Point and across NSW are paying. Get a quote today and find out if you could be paying less for the same level of cover.