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Explore home insurance policies in TAS
Written by
Tina Sendin
Edited by
Ellie Garran
Reviewed by
Adrian BennettOur 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 Tasmania?
Don’t let bad luck undo all your hard work. Whether you’re a homeowner, landlord, or renter, it’s worth protecting your place and what makes it feel like home.
Home insurance can help you put things back in order if your island home – or its contents – are damaged, lost, or destroyed. From replacing lost items to covering repairs, having the right home insurance can save you from dipping into your savings. Plus, it can make the journey back to normal smoother with features like temporary accommodation or replacement locks and keys.
When should I get home insurance in Tasmania?
Own your home? Now’s a great time to lock in home insurance. You never know what’s around the corner. In Tassie, the property becomes your responsibility during the settlement period. Starting your policy before move-in day can cover you while the paperwork’s being finalised.
And if you’re renting, it’s never too late to get contents insurance. This cover can help protect your prized possessions, like your beloved Breville coffee machine and collection of handmade clay mugs you picked up at the weekend market. We mean, coffee is life, right?
What do different types of home insurance cover in Tasmania?
Combined home and contents insurance
Home and contents insurance is like a handy all-in-one package that combines the best of both worlds. It bundles up the perks of both home insurance and contents insurance into one easy policy. Here’s what’s typically covered:
your home’s structure – the four walls and all the fixtures inside
things that make your house a home, like furniture, carpets, and curtains
everything you worked hard for, like appliances and electronics.
Building
insurance
When the four walls of your place aren’t quite standing strong, building insurance is there to help you repair and rebuild. Damage or loss from fire, storms, trees (Tassie has a lot of them!), vandalism, and more could be covered under your building insurance policy. It could include:
restoring walls and roofing
rebuilding your deck or boundary fences
reconstructing sheds and carports.
Contents
insurance
Although it can’t replace sentimental value, contents insurance could mean you can get your valuables repaired or replaced when they’re damaged or lost in certain events, like fires or theft. Contents insurance is there to cover things like:
your jewellery
your capsule wardrobe
furniture and pristine white curtains.
Landlord
insurance
If you rent out a property, you’re keeping your fingers, toes, and eyes crossed that your tenants will take care of your property like their own. But in the unfortunate case that they don’t, landlord insurance could help you protect your investment, covering things like:
damage caused by tenants and their furry mates
loss of rent from the repair or rebuild your home
light fittings if they’re damaged.
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
Our service doesn’t cost you a cent
Instead of charging you anything, we get a commission from our partners.
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.
What factors can affect the cost of home insurance in Tasmania?
Your home
What makes your home unique, like its age, where it’s located in the Apple Isle, and what it’s made from, plays a role in your home and contents insurance premium. Whether you’re weighing up your home’s risk or budgeting for repairs and rebuilds, this is where a big chunk of your premium could come from.
What you insure
What you choose to insure – including how much you insure it for – can also affect your premium. Insuring your home and contents, rather than just your home, will raise your premium. The same goes if you list specified contents above the usual policy limit.
Your excess
Opting to decrease what you pay when it comes time to make a claim could raise your premium. At the same time, increasing your excess can mean a lower premium. The trick is finding a balance that doesn’t leave your wallet wanting in good times or bad.
General market conditions
Your insurance premiums can get pushed and pulled from all over the place. Inflation, government fees and charges, and increased labour and material costs can all leave their mark. Plus, more frequent bad weather can mean more claims and higher premiums all round too.
What are the typical home insurance coverage limits in Tasmania?
Here are some of the typical policy limits found in home insurance policies:
Home insurance coverage and limits
| Coverage type | Typical policy limit |
| Loss or damage from theft | $1,000 (contents stolen in the open air at an insured address) |
| Unspecified personal effects | $1,000 (per item) |
| Guest belongings | $500 |
| Legal liability | $20 million (including GST) |
And for contents-only insurance, here’s what it looks like:
Contents insurance coverage and limits
| Coverage type | Typical policy limit |
| Cash, cheques, gift cards, and other financial items | $800 |
| Your entertainment paraphernalia like CDs, DVDs, audio and video tapes, records, game consoles | $3,000 |
| Things that make your collector self happy like stamps, collections, memorabilia, collectors’ pins, medals | $2,000 |
| Legally registered firearms that are gathering dust in the closet | $2,000 |
| Hand-woven carpets and rugs you brought home from Morocco | $2,500 |
| Home office equipment | $12,000 |
| Jewellery and watches | $1,000 |
| Paintings, pictures, artworks, sculptures, and similar artsy-fartsy items | $5,000 |
Helpful tip
When it comes to home insurance in Tassie, don’t just focus on the big stuff like storms and theft. It’s worth paying close attention to coverage for natural risks that are common in the state, like bushfires or flooding in low-lying areas.
If you’re in a bushfire-prone spot, it’s a good call to make sure your policy includes temporary accommodation cover. It’s a lifesaver if you need to evacuate or repair after a fire.
Also, don’t forget to update your policy if you’ve renovated or added new features, like adding a deck or shed to your holiday home. Your home’s value changes, and your cover should keep up with it.
Adrian Bennett
General Manager for General Insurance
What risks are there to my home and contents in Tasmania?
Bushfires
Like the rest of Australia, Tasmania can come off worse for wear in the summer months thanks to bushfires. Both the 2018–2019 and 2019–20 summers saw tens of thousands of hectares burned, posing serious risks to people and property.
Flooding
Tasmania is no stranger to floods. Flash flooding in Hobart in 2018 led to almost $100 million in private property claims,1Australian Institute for Disaster Resilience – Hobart flash flooding, 2018 while widespread rain affected multiple Tasmanian and mainland towns in 2022, racking up $586 million in private home and contents claims across three states.2Insurance Council of Australia – Insurance Catastrophe Resilience Report 2022–23, p12
Storms
While Taswegians may not get the tropical storms their Queensland cousins do, they’ve still seen plenty of wild weather, including hail with cricketing aspirations.
Theft
People pose a risk, too, with more than 1,300 reported home burglaries occurring in Tasmania between January and December 2024.3Tasmania Police – Tasmania Police Reporting Dashboard Sure, it’s not quite zombie-apocalypse-level looting, but it might be enough to make you wonder what happens when you’re not home.
Frequently asked questions
What are the home insurance providers in Tasmania?
Tassie’s got plenty of home insurance choices to check out. If you’re looking to compare a bunch of policies and land one that suits you, the iSelect comparison tool’s got your back. No need to faff around with a hundred open tabs.
Here are some insurers that iSelect can help you compare:
- ahm
- Budget Direct
- Coles
- Everyday Insurance
- Huddle
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 and some may only be available over the phone or on the website. Learn more.
Here are some other insurers available in the market today:
- 1300 Insurance
- 1Cover
- AAMI
- Allianz
- Ansvar
- ANZ
- APIA
- Assetinsure
- Aussie (AHL Investments Pty Ltd)
- Australian Seniors Insurance Agency
- Bank of Melbourne
- BankSA
- BOQ
- Bupa
- CBA Insurance
- CCI Personal Insurance
- CGU
- CHU
- COTA Insurance
- Defence Service Home Insurance Scheme
- Dodo
- Elders Insurance
- Flex Insurance
- FM Global
- GIO
- Guild Insurance
- Hollard Australia
- Honey
- ING
- Insurelite
- MHIA
- National Seniors Insurance
- Over Fifty Insurance
- Ozicare
- QBE
- RAC
- RACQ
- RACT
- RACV
- Real Insurance
- RentCover Landlord Insurance
- Retirease Insurance
- SGIO
- SGUA
- ShareCover
- St. George
- Strata Community Insurance
- Suncorp Insurance
- Terri Scheer Landlord Insurance
- Territory Insurance Office
- Westpac
- WFI
- Virgin Money
- Youi
What is the most popular type of home insurance?
Based on iSelect data, combined home and contents insurance seems to be the most popular type of home insurance throughout Australia. Amazing how a lot of Aussies prefer to get all bases covered and have everything in and around their home covered in one policy!
What are the most common claims for home insurance in Tasmania?
Given that fire, storm, and water damage appear to be the most common home insurance claims in Australia, they’re likely to be the same in Tasmania – especially since bushfires, flooding, and storms are natural risk factors affecting most Taswegians.
Does home insurance cover renovations in Tasmania?
The short answer is: It depends. It’s worth checking with your insurer because policies could vary. Plus, renovations might increase the replacement cost of your home, and you might need to adjust the sum your home is insured for, which could then affect the premium you’ll have to pay.
Now here’s the long answer.
Home insurance doesn’t usually cover the renovations themselves, so if you’re putting in a new kitchen or knocking down walls, you’re on your own for those costs. And here’s the real kicker – your policy might not cover damage if something goes wrong during the reno, like a tradie accidentally flooding your bathroom or a stray hammer smashing a window in real Thor fashion.
A certain level of cover might exist, though. For instance, some policies might cover legal liability on home renovations, alterations, or building extensions, but only to a certain extent – like if it comes to less than a certain amount (say 50 grand in total). Also, if insured events like a storm strikes while you’re doing the renovation, then you could probably get covered as well.
You could also get some coverage for DIY projects, just as long as they’re minor. Exactly what ‘minor’ means exactly is worth checking with your insurer, as it may vary with different providers and policies.
Also, some insurers might cover extensions. So if you’re adding a new bedroom or extending your home office, the insurer might cover it, but also require you to inform them before work starts.
See what we mean? It all varies, doesn’t it? So a good way to know for sure is to check with your insurer.
Does home insurance in Tasmania cover damage caused by wildlife?
Under your home insurance, you’re likely going to be covered for damage caused by Tassie devils (both the new AFL team and the marsupial variety). However, to minimise issues with your claim, you might not want to expressly invite them in or encourage them to treat your home as their mojo dojo casa house.
Can I get home insurance if I live in a bushfire-prone part of Tasmania?
Bushfires can happen anywhere, but if your address happens to hold the dubious honour of having more than its fair share, you can still get home and contents insurance. You may find, though, that your premium is a bit higher as a result. Taking steps to make your home less vulnerable to bushfires may help with this.
What impact will climate change have on home insurance in Tasmania?
Without a crystal ball, it’s hard to say exactly what the future will bring. However, as climate events become more extreme and frequent – think storms, fires, and floods – it may be worth preparing yourself for home and contents insurance premiums to rise too. Adjusting your excess or making your home a little less vulnerable to climate events may be a way you can restore the balance, though.
How do I compare home insurance in Tasmania?
Comparing home insurance in Tassie doesn’t have to be a headache. Thinking about what you really need is a good place to start. Are you after cover for just the building, or do you need to include your stuff inside too? It’s also worth checking what’s included in the policy, like protection against storms, fires, or theft – while looking out for any sneaky exclusions (because no one likes surprises).
And while price matters, grabbing the cheapest option isn’t always the way forward. It makes sense to double-check details like excess costs and whether you can add extras to your policy, like accidental damage, so you’re covered as much as you’d like to.
Now, if all of that sounds like a hard slog, iSelect can give you a hand. Our comparison tool lets you stack up policies side by side so you can find one that ticks all your boxes. Give it a crack, explore policies today, and save yourself the hassle!
Get started on comparing home and contents today!
Save time and effort by comparing a range of home and contents insurance policies with iSelect
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.