What's Changing for Australian Insurance Premiums in 2026

Reinsurance costs, extreme weather events, and rebuilding costs have continued to push premiums for home, contents, and business insurance upward across most of Australia in 2026. Coastal and flood-prone regions in particular have seen the sharpest increases at renewal time.

Insurers are increasingly pricing risk at the individual address level rather than by broad postcode, which means two neighbouring properties can see very different premium movements. It also means shopping around at renewal — rather than auto-renewing — has become more valuable than in previous years.

Review your sum insured figure annually — many policies are underinsured because rebuild costs have risen faster than the policy value. Ask about bundling home, contents, and vehicle cover, which can reduce overall premiums with some insurers. And compare more than one insurer at renewal rather than accepting the automatic renewal quote.

Asset Connect Australia can connect you with an independent insurance professional who may review your current cover and discuss provider options. Any remuneration, premiums or other costs should be confirmed with that professional.