Compare Home and Contents Insurance in the NT

Who are the best home insurance providers in Australia?

The ‘best’ home insurance provider for you will depend on your budget, where you live and the level of cover you need. To help you compare your options, Canstar’s annual Home Insurance Awards recognise insurers that provide outstanding value to customers, both nationally and by state or territory.

You might also consider Canstar’s Customer Satisfaction Awards: Home Insurance, which highlight the providers rated most highly by everyday Australians based on their overall experience and, in some cases, claims performance.

National award winners

• AAMI: Home Insurance, Contents Insurance and Home & Contents Insurance
• Allianz Australia: Home Insurance and Home & Contents Insurance
• QBE: Home Insurance and Home & Contents Insurance
• Suncorp Insurance: Contents Insurance
• Westpac: Home Insurance, Contents Insurance and Home & Contents Insurance

NT award winners

• QBE: Contents Insurance Award – Outstanding Value: NT
• QBE: Home & Contents Insurance Award – Outstanding Value: NT

Providers with the highest level of customer satisfaction are also recognised in Canstar’s Customer Satisfaction Awards: Home Insurance. 

Customer Satisfaction Award winners

• Youi: Australia

You can quickly compare home insurance policies in NT using our table. See key features, optional cover inclusions, and Canstar’s Cover Rating at a glance, and adjust the filters to focus on what’s most important to you.

How do you find the best home insurance in the Northern Territory?

Finding the best home insurance in the Northern Territory isn’t about choosing one ‘perfect’ policy, it’s about finding cover that suits your home, your location and the risks you’re most likely to face. For example, the vast and sparsely-populated territory is home to potentially severe weather events like flash flooding, storm surges and cyclones. 

If you’re a homeowner in the Northern Territory, it’s important to consider your home insurance, including the type and level of coverage you need for your circumstances.

A good place to start is by asking yourself a few key questions:

Does the policy cover NT-specific weather risks?

Homeowners in the NT often face higher exposure to severe storms, bushfires and flooding. When comparing policies, check whether events like storm and fire damage, flood and water ingress are covered, and whether any exclusions or waiting periods apply.

Is your home insured for the full rebuild cost?

With construction and labour costs rising, underinsurance can be a real risk. Industry guidance from ASIC and APRA recommends reviewing your sum insured amount regularly to make sure it reflects the true cost to rebuild your home today—not just its market value. The same goes for your contents, particularly if you’ve upgraded appliances, furniture or electronics.

Are the features suited to where you live?

Some policy features can be especially valuable for NT homes, such as cover for temporary accommodation if your property becomes unlivable, debris removal after severe weather, or optional accidental damage. Comparing these features alongside the premium can help you spot better value.

How does the excess work for claims like floods or bushfires?

Home insurance policies in the Northern Territory may include separate or higher excesses for certain events, such as bushfire or flood claims. It’s worth checking how these excesses apply and whether you could comfortably afford them if you needed to make a claim.

Have you compared quotes across multiple providers?

Home insurance premiums can vary significantly across the Northern Territory. Getting quotes from several insurance providers lets you compare costs, coverage levels and features side by side. Once you’ve narrowed your options, review the Product Disclosure Statement (PDS), Key Facts Sheet and Target Market Determination (TMD) to check if the policy is suitable for your home and location.

What type of home insurance can I get in the Northern Territory?

There are three main types of home insurance available to homeowners in the Northern Territory:

Home building insurance in NT

Sometimes simply referred to as home insurance, this type of policy covers the cost of repairs or rebuilding the physical structure or structures that make up your home. Structures that may be covered under home building insurance can include garages, driveways and fencing, as well as fixtures such as built-in cupboards or a hot water heater.

Contents insurance in NT

Contents insurance is designed to protect you against theft, loss or damage to household items and personal belongings within your home. This can range from clothing, furniture and rugs through to appliances such as a fridge or washing machine.

Home and contents cover in NT

Homeowners in NT can choose to take out separate home building insurance and contents cover with different insurance providers. However, many providers offer combined home and contents insurance policies, which can work out cheaper than buying two individual policies. 

Bear in mind that depending on your circumstances, you may not always require both home and contents insurance. For example, if you’re a renter or living in an apartment rather than a house, you may not need to take out home building insurance.

How much does home and contents insurance cost in the NT?

The cost of home insurance in the NT tends to be more expensive than many other states and territories in Australia. This is due to the increased risk of natural disasters such as cyclones. Canstar Research has crunched the numbers for a variety of suburbs and home values across NT, calculating the average cost for different policy types:

• Home insurance: $4,393
• Contents insurance: $762
• Combined home and contents insurance: $4,814

These average premiums are based on home and contents insurance policies rated in Canstar’s Home and Contents Insurance Awards, with quotes obtained in August 2025. When calculating these figures, we consider a range of addresses and building sum insured amounts, with premiums based on building sum insured amounts between $300,000 and $1,500,000, and contents sum insured for $50,000.

Thinking about taking out both home building and contents cover? As the average premiums above show, combining them into one policy may be one way to trim the cost. Taking out separate home and contents policies in the NT would mean paying a total annual premium of $5,155 on average. In contrast, Canstar’s data shows the cost of purchasing combined home and contents cover with the same insurance provider is around $341 less on average than buying separate policies.

How do you compare home and contents insurance for the NT?

If you live in the Northern Territory and are looking for a new policy or considering switching providers for a better deal, you can compare home and contents insurance policies from our Online Partners using our comparison table. You can also adjust the filters to suit your requirements.

When comparing home insurance policies, some factors to consider include:

• The risks (inclusions) you will be covered for and any optional extras that you can add to the policy (e.g., accidental damage, motor burnout, portable contents etc.)
• The level of cover, including claim limits and sub-limits
• The premiums charged and if any discounts are offered
• The excess you will pay if you need to make a claim.

You may also want to consider Canstar’s Home and Contents Insurance Awards which recognise providers who offer outstanding value to Australian consumers.

What is the cheapest home insurance in the NT?

Insuring your home doesn’t always come cheap, but premiums can vary widely from one provider to another so shopping around and comparing a range of policies and providers can help you save. Discounts and deals on home insurance may also be available if you organise and pay for cover online, take out a combined home and contents insurance policy or through a no claims discount—which generally increases for each year you do not make a claim (up to a certain limit).

That said, the cost of home insurance shouldn’t be the only factor you consider. Just as premiums vary, so too can the level of cover. This makes it important to read the Product Disclosure Statement (PDS) and Target Market Determination (TMD) from your insurance provider to understand what you’re covered for, how much cover you have, and any items that may be excluded.

It may also be possible to reduce the premiums on home insurance in the NT by making your home more secure. For example, some providers may give you a discount on premiums if you install window locks or other security devices such as a burglar alarm or home security system. Opting for a higher excess may also lower your premiums, but keep in mind that you’ll have to pay this higher excess if you need to make a claim.

Is home and contents insurance compulsory in the NT?

Home and contents insurance is not compulsory in the Northern Territory. However, if you have a home loan, some lenders may require you to have home insurance as a condition of the mortgage. Choosing to insure your home and contents can provide a level of financial protection in the event of loss or damage caused by a fire, flood, storm, robbery etc.

Most policies will cover you for ‘defined events’ like natural disasters, while others may also cover you for accidental damage to your property or belongings.

In the NT, you can insure your home for three different amounts:

1. Sum insured value: Policies will typically pay claims for up to a specified amount.
2. Safety net: Some policies may also pay an additional percentage above the sum insured amount in specific circumstances, such as when the original total falls short of what’s needed to rebuild your home.
3. Total replacement value: A smaller number of policies will pay the total cost to repair or replace your property or contents.