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Calculating Your Premiums

Your Home and Contents Insurance premium

At Real Insurance, we understand that your home is your haven, containing a lifetime of precious memories. While we can’t replace those memories, we can make sure your most important assets are covered.

That’s why we make it our business to find out as much as we can about your home and possessions before we offer you insurance. In this way, we make sure you get the best cover at a price you can afford.

We offer a range of policies for different circumstances and budgets, including:

  • Home and contents insurance
  • Contents insurance
  • Landlord’s protection cover

How we calculate your premiums

To make sure you only pay for what you need, we need to know:

  • Where you live. Some areas of Australia are less susceptible to natural disasters – like floods, cyclones or bushfires. So if you live in these areas, your premiums might cost a bit less. Similarly, if where you live has a lower rate of crime, such as theft and malicious damage, your insurance premiums may reflect this.
  • The age and construction type of your home. The condition of your home and the materials used to build it can affect your insurance premiums. That’s because some construction types are hardier than others, and cope better in storms, cyclones and other extreme weather events.
  • How secure you home is, including the type of locks, windows and alarms you have
  • Your personal details, including your age and marital status

Remember that if any of these factors change, your premiums could too – so it’s important to let us know straight away.

Factors that you can control include:

Many of life’s circumstances are beyond our control. So it’s good to know with Real Insurance you’ll have the power to choose:

  • The value of your home and contents – how much you want insure them for
  • The type of cover – affordable essential cover or top cover for added benefits and protection
  • Whether to pay more for optional extra cover
  • The level of excess – the higher your excess, the lower your premium (and vice versa)