Wellington Point is a leafy, waterside suburb on the eastern tip of the Redland Bay area in South East Queensland — known for its relaxed coastal lifestyle, bay views, and a strong community feel. It's also home to a mix of older Queenslander-style homes and more contemporary builds, many of which sit elevated on poles — a design feature that's as practical as it is characteristic of the region. This article breaks down a real home and contents insurance quote for a 3-bedroom free standing home in Wellington Point (postcode 4160), and puts the numbers into context so you can judge whether you're paying a fair price.
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Is This Quote Fair?
The quote in question comes in at $2,542 per year (or $248/month) for combined home and contents cover, with a building sum insured of $501,000 and contents valued at $43,000. Both the building and contents excess are set at $1,000.
Our price rating for this quote is FAIR — Around Average, and the data backs that up.
Compared to the Wellington Point suburb average of $2,712/year, this quote sits roughly $170 below the local average — a modest but meaningful saving. It also comes in under the suburb median of $2,728/year, which means this homeowner is paying less than the majority of comparable quotes collected in the area.
That said, "fair" doesn't mean "the best available." The suburb's 25th percentile sits at $1,697/year, which tells us that roughly a quarter of Wellington Point homeowners are finding cover for significantly less. There's clearly room to shop around, and a more competitive quote may well be achievable depending on the insurer and the specific policy features.
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How Wellington Point Compares
To really appreciate how this quote stacks up, it helps to zoom out and look at the broader picture.
| Benchmark | Premium |
|---|---|
| This quote | $2,542/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 figures here tell an interesting story. Queensland's state average premium of $9,129/year is extraordinarily high — largely driven by cyclone-prone regions in Far North Queensland, where premiums can be eye-watering. Wellington Point, sitting well outside the designated cyclone risk zone, benefits enormously from that geographic distinction.
Compared to the QLD state average, this quote is less than a third of the price — a stark reminder of just how dramatically location influences insurance costs across the state.
Against the national average of $5,347/year, this quote also looks very reasonable. Even compared to the national median of $2,764/year, the Wellington Point quote at $2,542 is sitting comfortably below the midpoint. For a bayside suburb in Queensland, that's a solid result.
The Redland LGA average of $3,178/year is also worth noting — this property is tracking well below that figure, suggesting the specific characteristics of this home are working in the owner's favour.
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Property Features That Affect Your Premium
Several features of this property have a meaningful influence on what insurers charge. Here's how they play out:
Elevated on Poles This home is elevated by at least one metre on a pole/stump foundation — a hallmark of traditional Queensland architecture. Elevation can be a double-edged sword for insurance. On the positive side, it significantly reduces flood and inundation risk, which can lower premiums. On the other hand, some insurers apply a loading for elevated homes due to the added complexity of repairs and the structural exposure of the sub-floor area.
Weatherboard Timber Walls Weatherboard construction is common in older Queensland homes and is generally considered a moderate-risk material. It's more susceptible to fire and pest damage than brick or rendered masonry, which can push premiums slightly higher. However, it's a well-understood material for insurers operating in this region.
Steel/Colorbond Roof A Colorbond steel roof is viewed favourably by most insurers. It's durable, low-maintenance, resistant to ember attack, and performs well in high-wind events — all factors that can help keep premiums in check.
Timber/Laminate Flooring Flooring type can affect contents and building valuations. Timber floors add to the rebuild cost per square metre, which is reflected in the building sum insured.
Ducted Climate Control The presence of ducted air conditioning adds to the building's replacement value, which is factored into the $501,000 sum insured. It's a meaningful inclusion that some homeowners overlook when estimating their building cover.
1995 Construction Year At around 30 years old, this home sits in a middle-ground age bracket. It's old enough to potentially have ageing wiring or plumbing that some insurers scrutinise, but it was also built under more modern standards than pre-1980s homes. Generally, this age range doesn't attract significant loadings.
No Pool, No Solar The absence of a swimming pool and solar panels keeps things simple. Both can add to the insured value and, in the case of pools, introduce additional liability considerations.
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Tips for Homeowners in Wellington Point
1. Don't underinsure your building With a 130 sqm weatherboard home on poles, rebuild costs can be higher than you'd expect — elevated homes require additional labour and materials. Make sure your sum insured reflects true replacement cost, not just market value. CoverClub's quote tool can help you cross-check your figure.
2. Shop around — the range is wide With Wellington Point premiums spanning from $1,697 at the 25th percentile to $3,636 at the 75th, there's a significant spread in what different insurers will charge for the same property. Getting multiple quotes is one of the simplest ways to save hundreds of dollars a year. Start comparing here.
3. Review your contents sum insured annually $43,000 in contents cover is a reasonable starting point for a 3-bedroom home, but it's worth doing a room-by-room check each year. Many homeowners discover they're underinsured only after making a claim — by which point it's too late.
4. Ask about flood cover specifically Wellington Point is a coastal suburb with tidal waterways nearby. While this property's elevation helps, it's worth confirming whether your policy includes flood cover (as distinct from storm surge or rainwater damage) and understanding any sub-limits that may apply.
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Compare Your Home Insurance Today
Whether you're a Wellington Point local or just exploring your options, CoverClub makes it easy to see how your current premium stacks up. We aggregate real quote data from across Australia so you can make an informed decision — not just guess. Get a quote and compare in minutes, or explore the Wellington Point suburb insurance stats to see the full picture for your postcode.