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Why choose Westpac?

One less step

Sort out your home loan and insurance together. Westpac insurance, provided by Allianz.

Side by side banking

See your insurance policies in Online Banking alongside your other Westpac accounts.1

Flexible payments

Manage your budget with the option to pay annually or by the month at no extra cost.2

Comprehensive cover

Insure your home and contents against storm damage, floods and bushfires.*

What type of home insurance do I need?

There are two types of home insurance: Building Insurance, which covers the actual physical property and permanent fixtures, and Contents Insurance which covers your personal belongings and furnishings. Together they're often called 'home and contents insurance'.

How much cover do I need?

To ensure you have enough insurance cover in an event of a flood, fire, storm or severe natural disaster, you can estimate the amount you’d need to rebuild your home or replace your belongings.

Calculators are intended as a guide only^.

What cover should I get?

Home & Contents Insurance

Combines building insurance and contents insurance, so you’ll get the best of both worlds.

Building Insurance

  • Cover for events such as fire, flood and storm*
  • Temporary accommodation
  • Replacement locks
  • Debris removal
  • Rebuilding and professional fees

Contents Insurance

  • Cover your personal belongings 
  • Cover when you’re moving house
  • Emergency contents storage
  • Food or medicine spoilage
  • Outdoor contents

Handy guides and tips for first home buyers

Covering your most valuable asset

Our guide will help you understand everything you need to know about home insurance as a first home buyer. 

Why take your home insurance out early?

It may be a lending requirement and will give you the time you need to get quotes to ensure you have the right coverage. 

Tips for first home buyers looking for a home loan

Know what to expect with handy checklists, calculators, FAQs, our online home loan application and next steps.

Things you should know

^The Building and Contents calculators provided by Allianz through a third party provider, are intended as a guide only. For a more accurate rebuilding cost, consider obtaining a professional valuation from a licensed builder or professional valuer.

*72 hour exclusion period may apply. Allianz doesn’t provide cover for any loss of or damage to your property caused by cyclone, flood, grassfires and bushfires, during the first 72 hours after you first purchase a policy or increase your cover under an existing policy. For full details of conditions and exclusions please refer to the relevant PDS.

1Policy holders need to ensure their personal details on their policy match with their Westpac accounts. Only primary policyholders can see policies alongside their other Westpac accounts.

2Instalment premiums: If you choose to pay your premium by instalments you do not pay any more than if you pay your premium in one lump sum annually. The premiums payable by instalments may be subject to minor adjustments (upwards or downwards) due to rounding. Note: Your financial institution may apply transaction fees to instalment payments.

3Online discount: When you quote and buy a new Home Insurance policy or Comprehensive Car Insurance policy online a discount of up to 10% is applied to your first year’s premium. This discount is not applied on renewal.

4Combined: A premium discount of up to 10% for combining Building and Contents covers on one policy is applied for Building and Contents cover. This includes on optional covers for Motor Burnout and Accidental Damage, but not for Portable contents cover. This discount is not applied to the premium for Flood.

5Minimum premiums: If you are eligible for more than one discount, Allianz applies them in a predetermined order. This means any subsequent discount will be applied to the reduced premium amount after applying any prior discounts and the effect of the subsequent discount will be reduced. For example, the aggregate effect of applying two 10% discounts consecutively means that you will not see the full benefit of both these discounts. Discounts do not apply to taxes or government charges. Discounts do not apply to optional covers for Domestic/Landlord workers’ compensation (if available and selected). Any discounts/entitlements may be subject to rounding and may only apply to the extent that any minimum premium is not reached. 

Home and Contents Insurance Product Disclosure Statement (applicable to policies issued on or after 12 December 2021 or renewed on or after 22 November 2021) (PDF 991KB)

For the standard terms, conditions and exclusions about our Home & Landlord Insurance, please refer to the relevant Product Disclosure Statement (PDS) and any supplementary PDS (if applicable). To see some of the events covered and not covered, please refer to our Key Fact Sheets (KFS).

Home and Contents Insurance is issued by Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 (Allianz). Westpac Banking Corporation ABN 33 007 457 141 AFSL 233714 (the Bank) arranges the initial issue of the insurance under a distribution agreement with Allianz, but does not guarantee the insurance. This information does not take into account your personal circumstances. Before making a decision, please consider the relevant Product Disclosure Statement. For more information call 1300 650 255.

If you take out Home and Contents with Allianz the Bank will receive a commission of up to 12% of the premium (exclusive of GST).

A target market determination has been made for this product. Please visit for the target market determination.

By selecting 'Get a quote' you will enter a third-party site hosted by Allianz. Any personal information you provide to Allianz’s hosted site will be collected, used and disclosed in accordance with Allianz’s Privacy Statement and Privacy Policy.

Westpac's Privacy Statement is available at or by calling 132 032 8am – 8pm Sydney time, 7 days. It covers:

  • How you can access the personal information Westpac holds about you and ask for it to be corrected;
  • How you can complain about a breach of the Privacy Act 1988 (Cth) or a registered Code by Westpac and how Westpac will deal with your complaint; and
  • How Westpac collect, hold, use and disclose your personal information in more detail.