Yarrawarrah is a quiet, leafy suburb nestled in the Sutherland Shire of southern Sydney — known for its established streetscapes, family-friendly atmosphere, and proximity to the Royal National Park. If you own a free standing home here, understanding what you should expect to pay for home and contents insurance is an important part of managing your household finances. This article breaks down a real insurance quote for a 4-bedroom, 2-bathroom brick veneer home in Yarrawarrah, and puts it in context against local, state, and national benchmarks.
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Is This Quote Fair?
The quote in question comes in at $3,167 per year (or around $316 per month) for combined home and contents cover. The building is insured for $962,000 and contents for $96,000, with a $5,000 excess applying to both building and contents claims.
Our price rating for this quote is FAIR — Around Average. That assessment holds up well when you dig into the numbers. The quote sits just $1 above the suburb's median premium of $3,197, and only $101 above the suburb average of $3,066. In other words, this homeowner is paying roughly what most others in the same postcode are paying — not a bargain, but certainly not being overcharged either.
For a property of this size and value — 235 sqm of living space with a $962,000 building sum insured — a "fair" rating is a reasonable outcome. That said, "fair" doesn't mean you can't do better. Insurance pricing varies significantly between providers, and even a modest improvement could save hundreds of dollars annually.
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How Yarrawarrah Compares
To properly evaluate this quote, it helps to zoom out and look at the broader pricing landscape. Here's how the $3,167 annual premium stacks up:
| Benchmark | Premium |
|---|---|
| This Quote | $3,167/yr |
| Yarrawarrah Suburb Average | $3,066/yr |
| Yarrawarrah Suburb Median | $3,197/yr |
| Sutherland LGA Average | $3,650/yr |
| NSW State Average | $3,801/yr |
| NSW State Median | $3,410/yr |
| National Average | $2,965/yr |
| National Median | $2,716/yr |
A few things stand out here. First, Yarrawarrah premiums are noticeably lower than the broader Sutherland LGA average of $3,650 — a difference of nearly $500 per year. This suggests the suburb's specific risk profile (flood zones, bushfire exposure, crime rates, and so on) is comparatively favourable within the wider Shire.
Second, Yarrawarrah sits well below the NSW state average of $3,801. New South Wales as a whole carries elevated insurance costs relative to the rest of the country, largely driven by weather-related risks across the state and the high cost of rebuilding in Greater Sydney. That this suburb comes in roughly $630 below the state average is a meaningful difference.
Third, Yarrawarrah premiums are above the national average and median. This is typical for Greater Sydney suburbs — land values, construction costs, and localised risks all push premiums higher than many regional or interstate equivalents.
You can explore more detailed pricing data for this area at the Yarrawarrah suburb stats page, or compare it against all of NSW and national benchmarks.
> Note: The suburb sample size for Yarrawarrah is currently 5 quotes, so the local averages should be treated as indicative rather than definitive. As more data is collected, these figures will become more robust.
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Property Features That Affect Your Premium
Several characteristics of this particular property influence how insurers price the risk:
Brick Veneer Construction Brick veneer is one of the most common wall types in Australian suburban homes built from the 1970s through to the 1990s, and insurers generally view it favourably. It offers solid fire resistance and durability, which can contribute to more competitive premiums compared to timber-framed or clad homes.
Tiled Roof A tiled roof is considered a lower-risk roofing material by most insurers. Tiles are non-combustible and long-lasting, though they can be vulnerable to cracking under hail or impact. Overall, this is a neutral-to-positive factor for premium pricing.
Slab Foundation A concrete slab foundation is standard for homes of this era and is generally well-regarded by insurers. It reduces the risk of subsidence and pest-related structural damage compared to raised or timber-piled foundations.
Construction Year: 1985 At approximately 40 years old, the home is well-established but not considered heritage or high-risk from an age perspective. Insurers may factor in the likelihood of ageing systems (plumbing, electrical wiring) when pricing, which can nudge premiums slightly upward compared to newer builds.
Ducted Climate Control The presence of a ducted climate control system adds to the overall replacement value of the home's fixtures and fittings, which is reflected in the building sum insured. It's a worthwhile inclusion to ensure you're not underinsured if a major event occurs.
No Pool or Solar Panels The absence of a pool removes a common source of liability and water-related claims. Similarly, no solar panels means there's no additional equipment to insure or assess for roof-penetration risk. Both factors keep the risk profile clean.
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Tips for Homeowners in Yarrawarrah
1. Review your building sum insured regularly Construction costs have risen sharply in recent years across Greater Sydney. A sum insured of $962,000 for a 235 sqm home works out to roughly $4,093 per square metre — which is within a reasonable range for the area, but worth validating against a current building cost estimate. Being underinsured at claim time can be costly.
2. Consider adjusting your excess to manage your premium This policy carries a $5,000 excess on both building and contents. While a higher excess generally reduces your annual premium, make sure the amount is genuinely affordable in the event of a claim. If $5,000 would be a stretch, it may be worth exploring policies with a lower excess, even if the premium is slightly higher.
3. Check what's included for storm and water damage The Sutherland Shire can experience intense storm events, particularly in summer. Review your policy's definitions for storm damage, rainwater ingress, and gradual water damage — these are common exclusions or grey areas that catch homeowners off guard.
4. Compare quotes before renewing Insurance loyalty rarely pays. Providers regularly offer better pricing to new customers than to existing ones. Even if your current quote is rated "fair", running a comparison at renewal time could uncover a meaningfully cheaper option for the same level of cover.
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Ready to Compare?
Whether you're reviewing an existing policy or shopping for cover for the first time, comparing quotes is the single most effective way to make sure you're not overpaying. Get a home insurance quote at CoverClub and see how your options stack up — it only takes a few minutes.