Warranwood is a quiet, leafy suburb in Melbourne's outer east, sitting within the City of Manningham and known for its generous block sizes, established gardens, and family-friendly streets. For owners of a substantial free-standing home in this area, getting the right home and contents insurance — and making sure you're not overpaying — is an important part of protecting what is likely your most valuable asset. This article breaks down a real insurance quote for a five-bedroom, four-bathroom brick veneer home in Warranwood, and puts the numbers into context so you can judge whether the price stacks up.
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Is This Quote Fair?
The quote in question comes in at $2,750 per year (or $269/month) for combined home and contents cover, with a building sum insured of $935,581 and contents valued at $247,252. Both the building and contents excess are set at $5,000.
Our price rating for this quote is Expensive (Above Average) — and the data backs that up. The suburb average for Warranwood sits at $2,348/year, meaning this quote is roughly $400 above what most comparable properties in the area are paying. It also exceeds the suburb median of $2,099/year by more than $650.
That said, context matters. This is a large home — 367 sqm, five bedrooms, four bathrooms — with a high sum insured and a significant contents value. Larger homes with higher replacement costs naturally attract higher premiums, so some of that gap is attributable to the property itself rather than the insurer simply charging more. The $5,000 excess on both building and contents is on the higher side, which typically reduces premiums, so it's notable that the quote is still sitting above average even with that buffer in place.
If you're the homeowner receiving this quote, it's worth shopping around. Being above the 75th percentile for your suburb ($2,520/year) suggests there may be more competitive options available for a property of this profile.
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How Warranwood Compares
Understanding where Warranwood sits in the broader insurance landscape helps put this quote in perspective.
| Benchmark | Premium |
|---|---|
| This Quote | $2,750/yr |
| Warranwood Suburb Average | $2,348/yr |
| Warranwood Suburb Median | $2,099/yr |
| Warranwood 25th Percentile | $1,706/yr |
| Warranwood 75th Percentile | $2,520/yr |
| LGA (Manningham) Average | $2,021/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, Warranwood and the broader Manningham LGA are actually well below the Victorian state average, which sits at $3,000/year. This reflects the suburb's relatively low-risk profile — no cyclone exposure, low flood risk, and a stable, established residential area. Homeowners here are generally in a favourable position compared to many other parts of Victoria.
Second, the national average of $5,347/year looks startling, but this is heavily skewed by high-risk regions in Queensland and Western Australia where cyclone, flood, and bushfire exposure drives premiums dramatically higher. The national median of $2,764/year is a more useful reference point, and this quote sits just below that figure.
You can explore more local data on the Warranwood suburb insurance stats page, compare it against the Victorian state overview, or see how it measures up on the national insurance statistics page.
> Note: The suburb sample size for Warranwood is 13 quotes, so while directionally useful, these averages should be treated as a guide rather than a definitive benchmark.
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Property Features That Affect Your Premium
Several characteristics of this property will be influencing the quoted premium — some pushing it up, others potentially keeping it lower than it might otherwise be.
Brick veneer construction and tiled roof are generally viewed favourably by insurers. Brick veneer is durable, fire-resistant, and widely understood by underwriters, while tiled roofs have a long lifespan and perform well in most weather conditions. These are low-risk building materials that typically attract more competitive pricing.
Stump foundations are worth noting. Homes on stumps (also called pier foundations) are common in Victoria, particularly in older suburbs, and can be more susceptible to movement, moisture, and pest damage over time. Some insurers may factor this into their risk assessment, particularly for a home built in 1990 where the stumps are now over three decades old.
Solar panels are an increasingly common feature but do add to the replacement cost of a home. If the building sum insured of $935,581 accounts for the cost of reinstating the solar system, that's appropriate — but it's worth confirming with your insurer that solar panels are explicitly covered under the policy.
Ducted climate control is another high-value fixture that contributes to both the building and contents sum insured. These systems can cost tens of thousands of dollars to replace, so ensuring your sums insured are adequate is essential.
367 sqm of living space across five bedrooms and four bathrooms is a substantial home by any measure. The higher the rebuild cost, the higher the premium — and at $935,581, this building is insured for a significant replacement value that naturally flows through to the annual cost.
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Tips for Homeowners in Warranwood
1. Review your sum insured regularly Building costs in Victoria have risen sharply in recent years. If your sum insured hasn't been updated to reflect current construction costs, you may be underinsured — or, alternatively, paying a premium on a figure that's higher than necessary. Consider getting an independent building valuation to make sure your coverage is accurate.
2. Compare at least three quotes before renewing This quote sits above the suburb average, which is a clear signal to shop around. Insurers price risk differently, and a property with this profile — brick veneer, tiles, no pool, established suburb — may attract significantly better rates from other providers. Use CoverClub to compare quotes before your renewal date.
3. Ask about your stump foundations If your home is on timber stumps, it's worth checking your policy wording carefully. Some policies exclude damage arising from gradual deterioration of stumps, while others offer broader cover. If stumps haven't been inspected recently, organising a building inspection could also help identify any issues before they become a claim.
4. Check your contents sum insured At $247,252, the contents value is substantial. It's easy to underestimate how much your belongings are worth — especially in a large family home. Walk through each room and consider the replacement cost (not the second-hand value) of furniture, appliances, clothing, and valuables. Many Australians are underinsured on contents without realising it.
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Compare Your Options with CoverClub
Whether you're reviewing an existing policy or shopping for new cover, CoverClub makes it easy to see how your quote stacks up against real data from your suburb and across Victoria. Our tools are built for Australian homeowners who want transparent, data-driven insights — not just a price.
Get a home insurance quote and compare your options today — it takes just a few minutes and could save you hundreds of dollars a year.