Budget Direct home and contents insurance

The table below displays Budget Direct home and contents insurance policies on Canstar’s database.

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Save 30%^ on your first year's premium when you purchase a new combined Home & Contents Insurance policy online
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Save Up To 10% When You Combine Home Building & Contents Insurance On The One Policy*.
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Up to $20M Legal Liability Cover*.
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Sort out your insurance and banking together
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Get 30%^ off your first year’s premium when you buy a new combined Home & Contents Insurance policy online. It’s quick and easy!
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Optional flood cover.
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About Budget Direct Home and Contents Insurance

Budget Direct is a large Australian general insurance provider, which says it has insured more than 3 million Aussies since it was founded in 2000. As well as home and contents insurance, Budget Direct also offers a range of general insurance products including car insurance, pet insurance, and travel insurance.

Budget Direct home and contents insurance is underwritten by Auto & General Insurance Company Limited, which is part of the international BHL group.

Frequently Asked Questions about Budget Direct Home and Contents Insurance

As a general rule, home (or otherwise known as building) insurance covers any part of your house that is permanently fixed and not intended to move, such as your walls and roof, or kitchen benchtops. Contents insurance covers all the items within your house that are not permanent fixtures (things you could move between houses), such as furniture, electronics and appliances.

Budget Direct offers combined home and contents insurance, but you can also take out individual home-only insurance, or contents-only insurance.
We’ve gathered a list of what is and isn’t covered under Budget Direct home and contents insurance.

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Events included in cover Home and Contents Home only Contents only
Fire
Theft
(or attempted theft)
Storm and rainwater
Lightning
Escape of liquid
(e.g. burst pipe)
Explosion
Breakage of glass,
ceramic and saintary
fixures (e.g. window)
Impact at home
(e.g. fallen tree)
Malicious damage, vandalism,
riot or civil commotion
Earthquake or tsunami
Temporary accomodation
Replacement locks
Home modifications
Legal liability
Debris removal
Inflation protection
Funeral expenses
Loss of rental income
Optional Covers
Flood Opt Opt Opt
Accidental damage Opt Opt Opt
Motor Burnout Opt Opt Opt
Commercial storage Opt Opt
Sum Insured Safeguard Opt Opt Opt
Landlord cover Opt Opt Opt

Source: Budget Direct website and product disclosure statement.

For property investors, if what’s included in the optional landlord cover does not suit your circumstances, Budget Direct also offers landlord insurance, which is separate from their home and contents insurance policy.

According to Budget Direct, its home and contents insurance does not cover the following:

  • Caravan, car trailer, mobile home, tent, railway or tram carriage, aircraft, watercraft or shipping container type homes, or its accessories and equipment.
  • Hotel, motel, boarding house, hostel or dormitory.
  • Aircrafts that are not drones.
  • Motorised vehicles, go-karts, golf carts, golf buggies, mini-bikes, trail or quad bikes, or water craft, including any of its accessories and equipment.
  • Non-motorised watercraft longer than 3.5 metres in length.
  • Shipping containers.
  • Animals, birds, fish or reptiles.
  • Artificial grass or turf.
  • Damages from action of sea (such as high tide or tidal wave).
  • Damages from contamination or pollution.
  • Asbestos.
  • Defects, structural faults or design faults.
  • Garden beds, hedges, lawns, plants, shrubs and trees (but contents insurance covers for potted plants).
  • Grass, rocks, soil or gravel.
  • Loose surfaces of any driveway, garden bed, pathway or tennis court.
  • Retaining walls.
  • Structures established or used for business or farming purposes, including sheds, tanks, agricultural fencing, and stables or shelters.
  • Gold or silver nuggets and ingots, or uncut and unset gems
  • Stock used in any business, trade or profession, including a home office.
  • Tickets (travel or event) or coupons
  • Tools of trade and musical instruments when in use.
  • Unlicensed or unregistered firearms.
  • Loss or damages from hacking or cyberattacks.
  • Loss of data (including access denial, recovery, reinstallation or replacement of data).

Keep in mind that cover for floods and accidental damages are not automatically included in Budget Direct home and contents insurance, and are instead optional cover you must select to include.

For more information regarding what is and is not covered under a Budget Direct home and contents insurance, view the product disclosure statement for detail.

Budget Direct has a discount for combined home and contents insurance, as well as an online discount that can be applied to the combined insurance discount or used for home only or contents only insurance. The discount is only for the first year and does not apply to renewal offers.

For more information on available discounts and its terms and conditions, see the Budget Direct product page.

→ Explore: Car Insurance Deals & Offers

If you have a recent and accurate estimate for the value of your home and contents, then it’s often a good idea to insure up to that particular sum to get your exact money’s worth.

If you don’t have an accurate idea of this value, then you could look for a complete replacement home insurance policy to give yourself peace of mind. But bear in mind that while you’re less likely to be underinsured, the premiums for a total replacement may be more expensive than for a sum-insured one.

Learn more: How much should I insure my home for?

Many factors can influence the cost of your home and contents premiums, but it typically comes down to the perceived risk of damage or destruction to your home and belongings (contents). It’s likely that the higher the risk is perceived by your insurer, the higher your premiums will be.

When calculating your home and contents insurance premiums, Budget Direct accounts for the following:

  • All relevant government charges, taxes and levies
  • Any optional covers you choose (such as flood cover)
  • Any previous claims
  • People who live in your home
  • The amount of your excess
  • The location and characteristics of your home
  • The security features you have
  • Your nominated sum insured

Learn more: How much is home and contents insurance?

You can lodge a claim with Budget Direct either online or over the phone.

Budget Direct advises to have the following information ready before you begin your claim:

  • Details of the incident (including what happened, the time and date, and the place it occurred)
  • Any photos you have of the damage or loss
  • A police report, if you have one (in cases of theft or malicious damage)

Budget Direct also recommends having the following information on hand:

  • Any damage reports (for example, a report from a computer technician)
  • Evidence of ownership (such as receipts, invoices or photos)

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About the authors

Karen Yang, Senior Content Production Specialist

Karen Yang
Karen is a Senior Content Production Specialist at Canstar, working to help the company produce informative yet easy-to-digest financial content for Australian consumers. Karen has a background in allied health, having completed a Bachelor of Podiatry from the Queensland University of Technology. Karen recently embarked on a second career to rekindle her childhood passion for writing, while still maintaining her earnest intentions from her health professional background — to help the general public. In 2023, she completed a Graduate Certificate in Writing, Editing and Publishing at the University of Queensland. Karen strives to bring a fresh perspective and accurately represent the average consumer. When she’s not honing her writing skills or catching up on the latest world news, you may find Karen obsessing over her next potential mechanical keyboard build. You can connect with Karen via Linkedin.

Joshua Sale, GM, Research

Joshua Sale
Joshua Sale is responsible for developing the methodology and delivering Canstar’s flagship Star Ratings, as part of Canstar’s Research Team. With tertiary qualifications in economics and finance, he enjoys helping Australians find more suitable financial products by transforming complex calculations into a consumer-friendly Star Rating that explains the values and benefits of different financial products. As one of Canstar’s company spokespeople, Joshua is confident participating in print, radio and broadcast journalism interviews. He has participated in interviews with the Australian Financial Review, news.com.au and Money Magazine, along with other leading media outlets, discussing topics such as home loan equity, banking incentive schemes, digital wallets and wider finance trends. You can follow Joshua on LinkedIn. Have a media enquiry, and interested in featuring Joshua as a financial expert and commentator? Contact Canstar’s Media Team today.

Important information

For those that love the detail

This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you.

Canstar may earn a fee from its Online Partners for referrals from its website tables, and from sponsorship or promotion of certain products. Fees payable by product providers for referrals and sponsorship or promotion may vary between providers, website position, and revenue model. Sponsorship/promotion fees may be higher than referral fees. If a product is sponsored or promoted, it’s an ad and it is clearly marked as such. An ad might appear in different places on our website, such as in comparison tables and articles. Ads may be displayed in a fixed position in a table, regardless of the product's rating, price or other attributes. The location of an ad doesn’t indicate any ranking or rating by Canstar. Payment of fees for ads does not influence our Star Ratings. See How We Get Paid to find out more. Payment of fees for ads does not influence our Star Ratings or Awards.

The Home Insurance Star Ratings were awarded in November 2024 and data in the table is current as at that date, updated from time to time to reflect product changes notified to us by product issuers. The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Learn more about our Home Insurance Star Rating Methodology. The rating shown is only one factor to take into account when considering products.

The products and Star Ratings in the table might not match your exact inputs in the selector. Sometimes the methodology uses profiles with categories or bands (e.g. income, loan amount or monthly spend), but sometimes a single methodology, without any categories or bands, is applied. The results will show the products that most closely match your selection, based on our profiles. If you are unsure about any terms used in the comparison table please refer to the glossary.

What is a Target Market Determination?

A Target Market Determination (‘TMD’) is a document that explains which people particular financial products may be suitable for (the target market) and sets out any conditions around how financial products can be distributed to consumers.

Why do product issuers provide Target Market Determinations?

From 5 October 2021, TMDs are compulsory for most financial products.

Issuers and distributors of financial products must take reasonable steps that are likely to result in financial products reaching consumers in the target market defined by the product issuer.

We recommend that you consider the TMD before making a purchase decision. Contact the product issuer directly for a copy of the TMD.

The results don’t include every provider in the market and we may not compare all features relevant to you. You can find a description of the initial sort order below the table. You can use the sort buttons at the top of each column to re-order the display. Check current rates and product details with the product issuer. The results will show the products that most closely match the inputs in the selector above the table. If you are unsure about any terms used in the comparison table please refer to the glossary.  Any advice on this page is general and has not taken into account your objectives, financial situation or needs. Consider whether this general financial advice is right for your personal circumstances. You may need financial advice from a qualified adviser. Canstar is not providing a recommendation for your individual circumstances. It’s important you check product information directly with the provider. Not all policies cover every part of a region. Your specific address may not be included in the policy’s coverage, even if other parts of the area are. For example, some insurers cover North Queensland but exclude Far North Queensland. Consider the Product Disclosure Statement (PDS) and Target Market Determination (TMD) before making a purchase decision. Contact the product issuer directly for a copy of the PDS and TMD. For more information, read our Detailed Disclosure

Canstar is not providing a recommendation for your individual circumstances. We cannot and do not recommend that any particular product is suitable for you. 

We provide links to our Online Partners. These are brands that may pay Canstar a fee for referring you. Our tables default to display only our Online Partners’ products initially, you can adjust the Online Partner Filter to see all of the products available for comparison on Canstar’s website. We provide these links so that you can click through to the product provider’s website to get more information. The provision of these links does not constitute a recommendation by Canstar.

If you are seeking to replace an insurance policy, you should consider your personal circumstances, including continuing the existing cover until the replacement policy is issued and cover confirmed. Your current policy may have different features to products currently on the market. Please consider what features are right for you when comparing insurance products and refer to the provider for further details on a policy.

Companies listed in the table, or in ads, may use or be used by another company to arrange, issue, distribute or sell its insurance policies to customers. For more information on the issuer of the policy, please read the Product Disclosure Statement.