If you own a free standing home in Wellington Point, QLD 4160, you've probably noticed that home insurance premiums can vary quite dramatically — even between neighbours on the same street. This article breaks down a real home and contents insurance quote for a four-bedroom, two-bathroom brick veneer home in this bayside suburb, and puts the numbers into context using suburb, state, and national benchmarks. Whether you're shopping around or just curious about how your current policy stacks up, read on.
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Is This Quote Fair?
The annual premium on this quote comes in at $2,554 per year (or $245/month) for combined home and contents cover, with a building sum insured of $735,000 and contents valued at $30,000. Both the building and contents excess are set at $1,000.
Our pricing engine rates this quote as Fair — Around Average, and the data backs that up. The suburb average premium for Wellington Point sits at $2,712/yr, and the median is $2,728/yr, meaning this quote is tracking slightly below both benchmarks. That's a modest but meaningful saving compared to what many locals are paying.
It's worth noting that "average" doesn't mean "the best you can do." The suburb's 25th percentile sits at just $1,697/yr, which tells us that roughly a quarter of comparable homes in the area are being insured for significantly less. On the flip side, the 75th percentile reaches $3,636/yr — so there's a wide spread, and some homeowners are paying considerably more. Coming in under the median is a reasonable result, but there may still be room to improve with the right insurer.
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How Wellington Point Compares
One of the more striking insights from this data is just how favourably Wellington Point compares to the broader Queensland and national markets.
Queensland's average home insurance premium is a staggering $9,129/yr, driven heavily by high-risk areas in Far North Queensland that are exposed to cyclones, flooding, and other severe weather events. Even the state median of $3,903/yr is well above what this Wellington Point homeowner is paying. That's a significant advantage of living in a relatively low-risk part of South East Queensland.
At the national level, the average premium is $5,347/yr, with a median of $2,764/yr. This quote sits just below the national median — a solid position. The LGA average for Redland City (the local government area covering Wellington Point) is $3,178/yr, so this quote is also beating the local government benchmark.
You can explore the full picture for Wellington Point specifically at the Wellington Point suburb stats page, which is updated regularly with fresh quote data.
| Benchmark | Premium |
|---|---|
| This quote | $2,554/yr |
| Suburb average (Wellington Point) | $2,712/yr |
| Suburb median | $2,728/yr |
| LGA average (Redland) | $3,178/yr |
| QLD state median | $3,903/yr |
| National median | $2,764/yr |
| National average | $5,347/yr |
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Property Features That Affect Your Premium
Several characteristics of this property directly influence the insurance premium, and it's worth understanding why.
Brick veneer construction is generally viewed favourably by insurers. It offers solid fire resistance and durability compared to timber or weatherboard homes, which can translate to lower premiums. The tiled roof works in a similar way — tiles are considered a resilient roofing material that holds up well in storms and is less susceptible to fire than Colorbond or older fibrous cement materials.
Slab foundation is standard across much of Queensland and doesn't typically attract loading from insurers. The tiled flooring throughout is similarly neutral — in fact, tiles can be an advantage in flood-prone areas as they're easier to restore than carpet or timber floors.
The swimming pool adds some complexity. Pools increase the rebuild cost of a property and may also introduce liability considerations. Ensuring the pool is factored into your building sum insured is essential — underinsurance is a common and costly mistake.
Solar panels are another feature that needs careful attention. Many standard home insurance policies cover rooftop solar systems as part of the building, but it's important to confirm this with your insurer and check whether the panels are covered for accidental damage, storm damage, and electrical faults. Given that this property has a ducted climate control system as well, the overall sum insured of $735,000 for a 214 sqm home seems reasonable, though a professional building valuation is always recommended.
The property is not in a cyclone risk area, which is a meaningful factor in keeping premiums lower than much of regional Queensland. Wellington Point's coastal proximity does mean some exposure to storm surge and flooding risk, so it's worth checking whether your policy includes flood cover and on what terms.
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Tips for Homeowners in Wellington Point
1. Check your flood cover carefully. Wellington Point sits alongside Moreton Bay, and parts of the suburb have experienced flooding in the past. Not all home insurance policies include flood cover as standard — some treat it as an optional extra. Review your Product Disclosure Statement (PDS) closely and, if in doubt, ask your insurer directly.
2. Get a professional building replacement cost estimate. The $735,000 sum insured on this quote may be appropriate, but building costs have risen sharply in recent years. A quantity surveyor or online calculator can help you confirm whether your coverage is adequate. Being underinsured — even by 10–15% — can result in a significantly reduced payout at claim time.
3. Don't overlook your solar and pool in the sum insured. Both solar panels and a swimming pool add meaningful value to your home. Make sure these are explicitly covered in your policy and that their replacement cost is reflected in your building sum insured. Some insurers have specific sub-limits for solar systems.
4. Compare quotes annually. Insurance premiums can shift significantly from year to year, and loyalty doesn't always pay. The spread between the 25th and 75th percentile in Wellington Point — from $1,697 to $3,636 — shows just how much variation exists. Shopping around at renewal time is one of the most effective ways to keep your premium in check.
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Ready to Compare?
Whether you're reviewing your current policy or buying cover for the first time, CoverClub makes it easy to see how your quote stacks up against real data from your suburb. Get a home insurance quote today and find out where you sit on the pricing spectrum — you might be paying more than you need to.