Calculate your rebuild costs, choose your cover
Want to get an idea of how much to insure your home for? Use our calculators to estimate your home’s rebuild cost and the replacement value of your contents. Knowing these figures is key to setting the right sum insured for home, contents, or combined cover - and will help you choose a level of home insurance that meets your needs.
While these are estimates, they might help you make more informed insurance decisions and avoid underinsuring.
Three easy steps to estimate your sum insured
Our simple three-step process helps you estimate your sum insured, which is the amount it would cost to rebuild your home or replace your belongings if they get lost or damaged during an insured event like a fire, flood or storm.
These calculators provide an estimate of sum insured only.
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Step 1: Enter your property and contents detailsProvide key information about your property type, size, location, and the value of your belongings. -
Step 2: Review your estimated sum insuredGet an estimate of how much it may cost to rebuild your home and replace your contents should the unexpected happen. -
Step 3: Use your estimate to guide your insurance coverUnderstand what level of cover you may need and make informed choices when getting a quote or renewing your policy.
When to use a home and contents insurance calculator
Use our calculators when buying or renewing your policy to ensure your sum insured reflects current rebuild or replacement costs. Estimating the replacement cost of your house and belongings each year helps reduce your risk of underinsurance, especially with rising building and material costs.
1. Buying home insurance
When getting a quote for home and/or contents insurance, you’ll need to know your sum insured - the total amount your policy should cover. This amount plays a role in how much your home insurance will cost and helps ensure you're covered if you need to rebuild or replace your belongings.
Are you looking for home and contents insurance? Use your estimate and get a quote from RACQ.
2. Renewing your home insurance policy
It’s recommended to review your sum insured every year when renewing your home and/or contents insurance policy. This helps ensure your home building insurance and contents insurance reflect the current estimated costs of rebuilding or repairing your home and replacing your belongings at today’s prices.
Renewing soon? After updating your estimate, login and review your RACQ policy to make sure it still fits your needs.
How is the cost of home insurance calculated
After estimating your rebuild or replacement costs, it’s important to understand other factors that may impact the cost of home insurance. These include:
- Rising natural disaster risks across Queensland
- Inflation and rising repair costs
- Location, property features
- Optional, chosen extras
Want to know more? Read our article to learn more about how RACQ insurance premium is calculated or watch our explainer video.
Why choose RACQ?
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Member benefits helping make daily life more affordable -
Save on your home with discounts at Andersens, Wattyl Paint Centres and on Myer eGift Cards -
Save on home furnishings with Freedom Furniture and Temple and Webster eGift Cards
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Save on holidays with offers and discounts on car hire, attractions and accommodation -
Save on everyday items and expenses with discounts on fuel, food and dining, groceries, shopping, movies, and more
Contact us
Need help or would like to know more? RACQ offers many convenient ways for you to get in touch with us.
FAQs
Things to note
Insurance Products (excluding Travel Insurance) are issued by RACQ Insurance Limited ABN 50 009 704 152 (RACQI) and arranged by its agent, RACQ Distribution Services Pty Ltd (RDS) ABN 35 116 361 650, AFSL 567130 and RDS' authorised representatives (including RACQ Operations Pty Ltd ABN 80 009 663 414, AR No. 234978 (RACQO). Conditions, limits and exclusions apply. RDS and RACQO are in the RACQ group of companies. One of the companies in the RACQ group of companies has a minority shareholding in RACQI.
RDS and RACQO have not taken your personal objectives, circumstances or needs into account when preparing advice regarding insurance products and you will need to consider whether the advice is appropriate for you. Read the Product Disclosure Statement (PDS) and any applicable Supplementary PDS before making a purchase decision on this product. You can also access our Target Market Determinations on this website. RDS receives a commission from RACQI for the policies it arranges. RACQO receives fees paid for services it provides to RDS. Further details about remuneration are available on request prior to purchasing.
RACQ Insurance may need to collect personal information from you to support you with your inquiry, assess your eligibility for any of our products or services, or to provide general support. By providing your details, you agree to RACQ Insurance collecting, holding, using, and disclosing your personal information pursuant to our Privacy Statement and Insurance Privacy Collection Notice, available from racq.com or you can request a copy.
Banking and loan products issued by Members Banking Group Limited ABN 83 087 651 054 AFSL/Australian credit licence 241195 trading as RACQ Bank. Terms, conditions, fees, charges and lending policies apply. This is general advice only and may not be right for you. This information does not take your personal objectives, circumstances or needs into account. Read the disclosure documents for your selected product or service, including the Financial Services Guide and the Terms and Conditions, and consider if appropriate for you before deciding.
Except for RACQ Bank, any RACQ entity referred to on this page is not an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Cth). That entity’s obligations do not represent deposits or other liabilities of RACQ Bank. RACQ Bank does not guarantee or otherwise provide assurance in respect of the obligations of that entity, unless noted otherwise.
RACQ Bank subscribes to the Customer Owned Banking Code of Practice which establishes higher standards than the law requires. The Code reflects modern consumer expectations and developments in approaches to issues such as consumer vulnerability, guarantors, and supporting customers through financial hardship. Please read our Customer Owned Banking Code of Practice page for more information.
~~ Terms and conditions apply to all offers. View the individual offer for full details. Offer is subject to availability and may be withdrawn at any time without notice.