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Compare home insurance in the NT

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Last Updated 16/05/2025
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Written by

Tina Sendin

Last Updated 16/05/2025

What changed?

Rewrite with added sections and modules; updated format, links, and data
Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.

Edited by

Ellie Garran

Reviewed by

Adrian Bennett

Find out more about how we make money.

View our Privacy Policy.

Our Home and Contents partners

iSelect does not compare all providers in the market or all policies offered by our partners in your area. Not all policies or special offers are available to all customers. Learn more.

What are the benefits of home insurance in the NT?

Home insurance is a security blanket for your beloved home and the things inside it. Unfortunately, in the NT, you’re faced with the possibility of a range of natural disasters occurring. Home insurance can help make that possibility a bit less scary.   

For example, in recent years, the Northern Territory has been battered by cyclones, bushfires, and flooding. Because of these kinds of extreme weather events, it makes sense that you might want to consider a level of home insurance that could not only protect your home and dearest possessions but also provide peace of mind. 

Is home insurance mandatory in the NT?

No, not necessarily. But just because it’s optional doesn’t mean it isn’t a smart idea. Home insurance can help you steer clear of financial headaches in the unfortunate case of natural and human-made dramas happening. 

If you’re a homeowner or landlord, getting building insurance is basically staying one step ahead of the game. Most lenders will want you to have it anyway, which makes sense since they’ve got a big financial stake in your property too. Plus, real estate agencies might ask for it before they help you lock in tenants. After all, not every renter keeps a place spotless, so having that extra cover can save you a massive headache down the track. 

What do different types of home insurance cover in the NT?

Combined home and contents insurance

Home and contents insurance is a combo deal: you get the features of both building insurance and contents insurance in one policy. Most policies include provisions for storms, including cyclones. They also cover:

Icon illustration of a tick symbol your home’s structure, fittings, and features

Icon illustration of a tick symbol belongings like furniture, carpets, and curtains

Icon illustration of a tick symbol valuables including jewellery and electronics.

Building
insurance

Building insurance (also known as home building insurance) is designed to cover you for repairs if the structure of your home is damaged. As well as your house itself, it can also cover other physical structures on your property, such as sheds, fences, or in-ground swimming pools. It can help with: 

Icon illustration of a tick symbol repairing brickwork and roofs 

Icon illustration of a tick symbol fixing structural parts like your verandah or fences

Icon illustration of a tick symbol rebuilding outbuildings and garages.

Contents
insurance  

In a surprise to no one, contents insurance is designed to cover the contents of your home. If any of your belongings, such as appliances, whitegoods, or furniture are stolen or damaged, contents insurance might be able to help you replace them. It will cover things like: 

Icon illustration of a tick symbol valuables like jewellery and watches

Icon illustration of a tick symbol clothes, appliances, and electronics

Icon illustration of a tick symbol furniture and other essentials.

Landlord
insurance

If you’re a landlord, you’re likely interested in protecting both your property and your rental income. Landlord insurance can cover your property and any of your belongings that stay in it – just like combined home and contents insurance, but with a few bonuses thrown in. It also covers:  

Icon illustration of a tick symbol damage caused by tenants and their guests (or pets)

Icon illustration of a tick symbol lost rental income if tenants fail to pay or leave early

Icon illustration of a tick symbol theft or burglaries.

Optional cover

If you’re in an area that’s prone to flooding and your policy doesn’t include flood cover, you might want to add it as an extra. It’s worth knowing that flood cover might not be applicable for every type of flooding. For example, damage caused by rainwater or a burst pipe might be covered by standard cover instead.

Got a dog who likes to sprint into the furniture? Want to be covered in case they ever knock over the TV or that special vase? Enter accidental damage cover. You won’t usually find this type of damage covered in standard home and contents policies, but it’s sometimes available as an extra.

Personal effects are things you routinely take outside the house, like jewellery and your laptop. You can get personal effects cover for specific belongings or for unspecified ones, up to a certain limit.

Do you worry that a precious appliance might get damaged during a power surge? Good news. If that happens, motor burnout cover is specifically designed to help you replace it.

If you’re in an area that’s prone to flooding and your policy doesn’t include flood cover, you might want to add it as an extra. It’s worth knowing that flood cover might not be applicable for every type of flooding. For example, damage caused by rainwater or a burst pipe might be covered by standard cover instead.

Got a dog who likes to sprint into the furniture? Want to be covered in case they ever knock over the TV or that special vase? Enter accidental damage cover. You won’t usually find this type of damage covered in standard home and contents policies, but it’s sometimes available as an extra.

Personal effects are things you routinely take outside the house, like jewellery and your laptop. You can get personal effects cover for specific belongings or for unspecified ones, up to a certain limit.

Do you worry that a precious appliance might get damaged during a power surge? Good news. If that happens, motor burnout cover is specifically designed to help you replace it.

How to compare your home insurance

Get started

Tell us about your home and what you’re after, and we’ll get the ball rolling.

Compare your options

We’ll show you policies side by side, including their premiums, inclusions, exclusions, and extras you can add on, so you can easily compare.

Take your pick

Tell us which policy you fancy and we’ll lock it in for you. That means you can not only compare, but also get the new policy through us. And the best bit? There’s no extra cost from us – zilch!

Start fresh

The final step? Let your old insurer know you’re saying goodbye. It’s time to enjoy your new cover!

Why buy home insurance with iSelect

Icon illustration of a price tag with dollar sign Our service doesn’t cost you a cent

Instead of charging you anything, we get a commission from our partners.

Calculator and money bag Same price, no mark-up

We don’t mark up the price of our products, so you’ll pay the same as buying direct.*

*Excluding corporate discounts and exclusive retail offers

Quick and easy online comparisons

The right coverage is only a few clicks away. You can compare home insurance policies in just a few minutes.

We’ve been around the block

We know our stuff, with over 25 years’ experience helping Aussies compare, switch, and save.

Helpful tip

One key thing about getting home insurance is defining your ‘sum insured’ – how much it would cost to replace your home and contents if they were totally destroyed, for instance by fire. Picking the right sum insured for your home insurance is really important. You’ll want to make sure it’s enough to cover the full cost of rebuilding your place, including things like materials, labour, and clearing out any debris. Don’t just go off your home’s market value, as that could leave you short (or in insurance lingo, underinsured).  

It’s always a good idea to jump online and use a calculator. Or have a chat with an industry pro (like a builder, quantity surveyor, or architect) to make sure you have a dollar figure that won’t leave you high and dry, if and when you unfortunately find yourself in a pickle. 

Adrian Bennett

General Manager for General Insurance

What factors can affect the cost of home insurance in the NT?

An orange circle icon with a cyclone Your cyclone risk

In the NT, like other parts of northern Australia, cyclone risk drives up insurance premiums significantly. And within the NT, the Top End has higher premiums than Central Australia because of its higher cyclone risk.

A small orange circle with a simple white line drawing of a hand checking a box. Your level of cover

This one’s pretty straightforward (but don’t ask us to do the maths). The more comprehensive your coverage and the more extras you choose, the more it will likely cost. Similarly, the more expensive your home and contents are, the more they’ll likely cost to insure.

A small orange circle with a simple white line drawing of a clipboard with a form on it. A magnifying glass is overlaid on the form. Your claims history

If you’ve made previous claims on your home insurance, that can indicate to insurers that your property is at a higher risk of damage. Unfortunately, that can potentially mean you pay higher premiums.

The construction and age of your home

An older house could be more expensive to repair, which can mean higher premiums. After Cyclone Tracy in 1974, NT building codes were changed to make houses more cyclone safe.1Northern Territory Government SecureNT – How safe is your home So if your house was built before 1975, it’s worth checking how this might affect your premiums. 

How can I save on my home insurance premium in the NT? 

Mitigate the risks from cyclones and floods

Riverine flooding is one of the biggest natural disasters in the Territory, but taking steps to safeguard your home from similar events can help bring those premiums down. Raising your home (if you’re in a flood zone) or reinforcing it against cyclones are worth a look. You might be surprised how much insurers appreciate a bit of forward thinking. 

Boost your home security

With a staggering 1,689 crimes committed against Territory property in January 2025,2NT Police, Fire and Emergency Services – Northern Territory Crime Statistics it only makes sense to have sturdy locks, alarm systems, and cameras in place. They aren’t just for peace of mind, but you could also save some dosh on your policy. Insurers love a home as safe and secure as a fortress! 

Bundle up your insurance policies

Combining your home and contents insurance could give you more bang for your buck in the long term. Plus, if you have car or health cover, you could also score some nice discounts if you bundle them together with your home insurance – not to mention the ease and convenience of having all your policies in one place. 

A small orange icon with a simple line drawing of a calendar. Pay annually instead of monthly or fortnightly

If you can manage it, paying annually instead of monthly might shave off a few extra bucks. It’s usually lighter on your wallet as you won’t have to deal with extra processing fees linked to monthly or fortnightly payments. It’s also a lighter mental load as you won’t have to remember paying month after month. 

What risks are there to my home in the NT?

In the NT, a big risk to your home and the things inside it is the weather. Specifically, cyclones. Cyclone risk drives insurance premiums in northern Australia so much that the Australian Government has a cyclone reinsurance pool to help insurers bring them down.  

And while cyclones are more than enough for anyone to have to deal with, they’re unfortunately not the only weather event to keep on your radar (pun intended). The NT also has its share of floods and bushfires, and climate change has increased the number of days with dangerous bushfire conditions. 

But Mother Nature isn’t the only thing keeping homeowners in the Top End on their toes. Burglars and other pesky crimes against property are well and truly alive in the state. In fact, the state copped a whopping 1,835 crimes against property in November 2024, which included house break-ins and property damage.3As above

Frequently asked questions

What are the home insurance providers in the NT?

What is the most popular type of home insurance in the NT?

Do renters need home insurance in the NT?

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iSelect General Pty Ltd (ABN 90 131 798 126. AFSL 334115) has partnered with Compare the Market (ABN 83 117 323 378. AFSL 422926) to compare a range of home insurers and policies. Not all providers in the market or all policies offered by the partners are compared and not all policies or special offers are available to all customers.

A number of our participating general insurance brands are arranged by Auto & General Services Pty Ltd ACN 003 617 909 on behalf of Auto & General Insurance Company Limited 111 586 353, both of which are related entities of iSelect Limited. Our relationship with those companies does not impact the integrity of our comparison service. Click here to view iSelect’s range of providers.

Any advice provided by iSelect is of a general nature and does not take into account your objectives, financial situation or needs. You need to consider the appropriateness of any information or general advice iSelect gives you, having regard to your personal situation, before acting on iSelect’s advice or purchasing any policy. You should consider iSelect’s Financial Services Guide which provides information about our services and your rights as a client of iSelect. iSelect receives commission for each policy sold that is a percentage of the premium or a flat fee. Ask us for more details before we provide you with any services.