Wellington Point is one of Redland City's most sought-after suburbs — a leafy, bayside community on the eastern edge of Brisbane that attracts families looking for space, lifestyle, and a connection to Moreton Bay. For owners of a free standing home in this area, getting the right home and contents insurance at a competitive price is an important part of protecting what is likely their most valuable asset.
This article takes a close look at a real insurance quote for a four-bedroom, three-bathroom free standing home in Wellington Point (postcode 4160), and puts that figure in context using suburb, state, and national benchmarks sourced from CoverClub's data.
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Is This Quote Fair?
The annual premium for this property came in at $3,442 per year (or $330 per month), covering both building (sum insured: $834,000) and contents ($149,000), each with a $1,000 excess.
CoverClub's pricing algorithm has rated this quote as FAIR — Around Average, which is a reasonable result for a property of this size and specification. It's not the sharpest price on the market, but it's well within the normal range for comparable homes in the area.
To put it in perspective:
- The suburb average for Wellington Point is $2,712/yr, and the median sits at $2,728/yr
- This quote lands in the upper half of the local market, between the 75th percentile ($3,636/yr) and the suburb average
- However, it's important to note that this quote covers a higher-than-average sum insured ($834,000 building + $149,000 contents), which naturally pushes the premium upward compared to properties with more modest coverage levels
Given the size of the home (235 sqm), the pool, solar panels, and ducted climate control — all of which add to the replacement cost — a premium in this range is broadly defensible. You can explore Wellington Point-specific insurance data to see how this quote stacks up against the full sample of 47 quotes from this postcode.
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How Wellington Point Compares
One of the most striking figures in Queensland's insurance landscape is the state average premium of $9,129 per year — a number heavily skewed by high-risk cyclone and flood zones in Far North Queensland and other exposed regions. The Queensland state median of $3,903/yr is a more representative benchmark, and this quote sits just below that figure.
Here's a quick comparison:
| Benchmark | Premium |
|---|---|
| This quote | $3,442/yr |
| Wellington Point suburb average | $2,712/yr |
| Wellington Point suburb median | $2,728/yr |
| Wellington Point 75th percentile | $3,636/yr |
| LGA (Redland City) average | $3,178/yr |
| QLD state median | $3,903/yr |
| National average | $5,347/yr |
| National median | $2,764/yr |
Compared to the national average of $5,347/yr, this quote is meaningfully lower — a reflection of Wellington Point's relatively benign risk profile. The suburb sits outside cyclone risk zones, and while parts of the Redlands are subject to some flood and storm surge considerations, Wellington Point generally fares well compared to higher-risk Queensland postcodes.
The Redland LGA average of $3,178/yr also provides useful local context — this quote is modestly above that figure, which again is consistent with the higher coverage amounts and additional features on this particular property.
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Property Features That Affect Your Premium
Several characteristics of this home have a direct bearing on the insurance premium quoted.
Double brick construction is generally viewed favourably by insurers. It offers strong resistance to fire, wind, and impact damage, and tends to result in lower premiums compared to weatherboard or lightweight cladding. Combined with a tiled roof, this home presents a solid risk profile from a structural standpoint.
Construction year (1970) is worth noting. Homes built in this era can carry higher replacement costs due to the need to bring older structures up to current building codes following a claim. Insurers factor this into their pricing, and it's one reason the sum insured of $834,000 is appropriate for a home of this age and size.
The slab foundation is standard and doesn't typically attract a loading, though it can be relevant in areas with reactive soils.
Additional features like the in-ground pool, rooftop solar panels, and ducted climate control all increase the replacement value of the property and are reflected in the contents and building sums insured. Solar panels in particular can be a nuanced item — homeowners should confirm with their insurer whether panels are covered under the building policy, and to what limit.
At 235 sqm, this is a substantial home, and the four-bedroom, three-bathroom layout reinforces the need for a robust sum insured. Underinsurance remains one of the most common and costly mistakes Australian homeowners make.
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Tips for Homeowners in Wellington Point
1. Review your sum insured annually Building costs have risen significantly in recent years. A home built in 1970 with double brick construction and a 235 sqm footprint can be expensive to rebuild — make sure your sum insured reflects current construction costs, not the price you paid for the property or its market value.
2. Confirm solar panel coverage Solar panels are a grey area in many policies. Some insurers cover them as part of the building, others require a separate endorsement, and some have sub-limits. Given the prevalence of solar in Queensland, it's worth getting this confirmed in writing before you need to make a claim.
3. Compare quotes before renewal A "FAIR" rating means you're not being gouged, but there may still be room to save. CoverClub makes it easy to compare home insurance quotes from multiple insurers side by side, so you can see whether a better deal is available at renewal time.
4. Check your contents sum insured $149,000 in contents cover is a reasonable figure for a four-bedroom home, but it's worth doing a proper stocktake — especially if you have high-value items like jewellery, electronics, or artwork. Many homeowners discover they're underinsured for contents only after a claim.
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Compare Your Own Quote
Whether you're a long-time Wellington Point resident or you've recently purchased in the area, it pays to shop around at renewal. CoverClub aggregates real quote data from across Australia so you can make an informed decision — not just accept whatever your current insurer sends you.
Get a home insurance quote for your Wellington Point property and see how your premium compares to your neighbours in seconds.