Wellington Point is one of the Redland City's most appealing bayside suburbs — a leafy, relaxed community on the shores of Moreton Bay. If you own a free standing home here, you already know the lifestyle is hard to beat. But what does it actually cost to insure one? This article breaks down a real home and contents insurance quote for a three-bedroom, weatherboard home in Wellington Point (postcode 4160), and puts it in context against suburb, state, and national benchmarks.
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Is This Quote Fair?
The quote in question comes in at $1,791 per year (or $182/month) for combined home and contents cover, with a building sum insured of $550,000 and contents valued at $150,000. The building excess is $3,000 and the contents excess is $1,000.
Our price rating for this quote is FAIR — Around Average, which is a solid outcome for Wellington Point homeowners. Here's why that matters:
- The suburb average premium for Wellington Point sits at $2,712/year, and the median is slightly higher at $2,728/year (based on 47 quotes in our dataset).
- This quote of $1,791 lands just above the 25th percentile of $1,697, meaning it's cheaper than roughly 75% of quotes in the same suburb.
In other words, while the quote isn't the cheapest available, it's meaningfully below the local average — a reasonable result given the property's characteristics and the level of cover provided.
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How Wellington Point Compares
To fully appreciate this quote, it helps to zoom out and look at the broader picture. You can explore the full data on our Wellington Point insurance stats page, but here's a quick summary:
| Benchmark | Premium |
|---|---|
| This quote | $1,791/yr |
| Wellington Point suburb average | $2,712/yr |
| Wellington Point suburb median | $2,728/yr |
| Redland LGA average | $3,178/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 state average of $9,129/year is extraordinarily high — heavily skewed by cyclone-prone regions in Far North Queensland, where premiums can be astronomical. The QLD state median of $3,903 is a more representative figure, and even that is more than double what this Wellington Point homeowner is paying.
Compared to national figures, this quote also stacks up well. The national average is $5,347/year and the national median is $2,764/year — both above this quote's $1,791 price tag.
The key takeaway: Wellington Point is a relatively affordable area to insure, and this quote is sitting in the lower tier of what locals typically pay. The suburb benefits from not being in a declared cyclone risk zone, which makes a substantial difference in South East Queensland compared to coastal areas further north.
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Property Features That Affect Your Premium
Several characteristics of this particular property will have influenced how insurers priced the risk. Understanding these factors can help you make smarter decisions about cover and cost.
Weatherboard timber walls are one of the most significant rating factors here. Weatherboard homes — common in older Queensland suburbs like Wellington Point — are considered higher risk than brick veneer or full brick construction. Timber is more susceptible to fire, rot, and pest damage, which typically pushes premiums up compared to masonry alternatives.
A tiled roof is generally viewed favourably by insurers. Tiles are durable, fire-resistant, and perform well in storm conditions compared to older corrugated iron or fibreglass options. This likely provides a modest offset against the timber wall risk.
Stumped foundations (also called stumps or pier foundations) are very common in pre-2000 Queensland homes. While they offer excellent ventilation and some flexibility in flood-prone areas, they can be a risk factor depending on the condition of the stumps and the site's drainage. Insurers will factor this in.
Timber and laminate flooring adds to the overall combustibility profile of the home, which is consistent with the weatherboard construction. This is standard for a home of this era and style.
Built in 1990, this property is over 30 years old. Older homes can attract slightly higher premiums due to ageing electrical wiring, plumbing, and roofing materials — though a well-maintained home can still attract competitive quotes.
On the positive side, this property has no pool, no solar panels, and no ducted climate control — all of which can add complexity (and cost) to a policy. Their absence keeps the risk profile relatively straightforward.
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Tips for Homeowners in Wellington Point
Whether you're reviewing an existing policy or shopping around for the first time, here are four practical tips tailored to Wellington Point homeowners.
1. Don't underinsure your building $550,000 is a reasonable sum insured for a three-bedroom home in this area, but construction costs have risen sharply in recent years. Make sure your building sum insured reflects the full cost to rebuild — not the market value of the property. Use a building cost calculator annually to keep this figure current.
2. Review your excess settings carefully This quote carries a $3,000 building excess, which is on the higher side. A higher excess generally lowers your premium, but it means you'll pay more out of pocket when you do make a claim. Think about what you could realistically afford in the event of storm damage or a fire, and adjust accordingly.
3. Maintain your weatherboard exterior Timber weatherboard homes require regular upkeep — painting, sealing, and checking for rot or termite activity. Insurers may decline or limit claims if damage is found to be the result of poor maintenance rather than a sudden event. Staying on top of this protects both your home and your claim eligibility.
4. Compare quotes before your renewal The gap between the cheapest and most expensive quotes in Wellington Point is significant — from $1,697 at the 25th percentile to $3,636 at the 75th percentile. That's nearly $2,000 per year for what could be broadly similar cover. Shopping around at renewal time is one of the easiest ways to avoid overpaying.
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Ready to Compare?
Whether this quote is your current policy or you're exploring your options, CoverClub makes it easy to see how your premium stacks up. Get a home insurance quote today and compare prices from multiple insurers in minutes — no obligation, no hassle. Wellington Point homeowners who compare regularly are far less likely to be paying over the odds.