If you own a free standing home in Yarrawarrah, NSW 2233, you're likely familiar with the leafy, quiet streets and the relaxed lifestyle that comes with living in the Sutherland Shire. But when it comes to protecting one of your most valuable assets, understanding whether you're paying a fair price for home insurance is just as important as finding the right coverage. In this article, we break down a real home and contents insurance quote for a three-bedroom, brick veneer property in Yarrawarrah — and put the numbers into context using suburb, state, and national benchmarks.
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Is This Quote Fair?
The quote in question comes in at $3,445 per year (or around $330 per month) for combined home and contents insurance. The building is insured for $915,000, with contents covered at $102,000, and both building and contents excesses are set at $1,000 each.
Our pricing analysis rates this quote as FAIR — Around Average, and the data backs that up. The suburb average premium for Yarrawarrah sits at $3,444 per year, meaning this quote is essentially right on the money — just $1 above the local average. It also falls neatly within the suburb's interquartile range of $2,696 to $3,449, which means it sits comfortably among the middle 50% of quotes we've seen for this area.
In short: this isn't a bargain, but it's not an overpriced outlier either. For a 1975-built home with a $915,000 building sum insured, paying close to the suburb average is a reasonable outcome.
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How Yarrawarrah Compares
To get a fuller picture, it helps to zoom out and compare Yarrawarrah's pricing against broader benchmarks. Here's how the numbers stack up:
| Benchmark | Average Premium | Median Premium |
|---|---|---|
| Yarrawarrah (2233) | $3,444/yr | $2,988/yr |
| NSW (State) | $9,528/yr | $3,770/yr |
| National | $5,347/yr | $2,764/yr |
| Sutherland LGA | $23,423/yr | — |
A few things stand out here. First, the NSW state average of $9,528 is dramatically higher than what Yarrawarrah homeowners typically pay. This is largely driven by high-risk postcodes across the state — particularly flood-prone and cyclone-affected regions — which push the average up considerably. The NSW median of $3,770 is a more representative figure, and Yarrawarrah's median of $2,988 sits comfortably below it.
Similarly, the national average of $5,347 is skewed upward by high-risk areas in Queensland, Western Australia, and parts of regional NSW. The national median of $2,764 is closer to what typical Australian homeowners pay, and Yarrawarrah is broadly in line with that figure.
The Sutherland LGA average of $23,423 looks alarming at first glance, but this is almost certainly driven by a small number of very high-value or high-risk properties within the broader LGA pulling the average up significantly. It's not a reliable benchmark for a standard residential property in Yarrawarrah.
You can explore the full data for this suburb at our Yarrawarrah insurance stats page, or compare it against all NSW postcodes and national benchmarks.
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Property Features That Affect Your Premium
Every home is different, and insurers weigh up a range of property characteristics when calculating your premium. Here's how the features of this particular Yarrawarrah home are likely influencing the quote:
Brick Veneer Walls Brick veneer is one of the most common external wall materials in Australian suburban homes, and insurers generally view it favourably. It offers solid fire resistance and durability, which can help keep premiums in check compared to timber-clad or weatherboard homes.
Tiled Roof A tiled roof is another standard feature that most insurers are comfortable with. Tiles are durable and long-lasting, though they can be susceptible to cracking under hail impact. Given that Yarrawarrah is not classified as a cyclone risk area, this is unlikely to be a significant rating factor here.
Stump Foundation Homes built on stumps — common in older Australian properties — can attract slightly higher premiums than slab-on-ground homes. Stumps can shift over time, and the underfloor space can be a vulnerability for certain types of damage. This home was built in 1975, so the foundation age is worth monitoring.
Construction Year (1975) Older homes can carry higher replacement costs due to the need to match heritage materials or upgrade to current building codes. A $915,000 building sum insured for a 153 sqm home reflects this — it's a substantial figure, but not unusual for a well-located property requiring full reinstatement.
Ducted Climate Control The presence of ducted air conditioning adds to the overall replacement value of the home and is factored into the building sum insured. It's a meaningful inclusion that justifies a higher coverage amount.
No Pool, No Solar Panels The absence of a pool and solar panels simplifies the risk profile. Both features can add complexity and cost to a policy, so their absence may be contributing to a more moderate premium.
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Tips for Homeowners in Yarrawarrah
Whether you're reviewing an existing policy or shopping around for the first time, here are some practical steps to make sure you're getting the best value:
- Review your building sum insured regularly. Construction costs have risen sharply in recent years. A sum insured set several years ago may no longer be sufficient to fully rebuild your home. Use a building cost calculator or speak to a quantity surveyor to confirm your coverage is adequate — underinsurance is a real and costly risk.
- Consider your excess carefully. Both excesses on this policy are set at $1,000. Opting for a higher excess (say, $2,500) can meaningfully reduce your annual premium, but make sure you can comfortably cover that amount out of pocket if you need to make a claim.
- Don't auto-renew without comparing. Insurance loyalty rarely pays off. Premiums can shift significantly from year to year, and a quick comparison at renewal time could save you hundreds of dollars without any reduction in cover.
- Check your contents coverage. $102,000 in contents cover is a reasonable starting point, but it's worth doing a room-by-room audit of your belongings. Many homeowners underestimate the replacement value of furniture, appliances, clothing, and electronics — especially after years of accumulation.
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Compare Your Quote with CoverClub
Whether the quote above matches your own situation or you're simply curious about what you should be paying, CoverClub makes it easy to see how your premium stacks up. Get a home insurance quote in minutes and compare it against real data from your suburb, state, and across Australia. Knowledge is your best tool when it comes to protecting your home.