Estimate your recommended insurance coverage for life, income protection and home.
Enter the household, income, debt and cover details requested, then calculate a starting estimate before comparing formal insurance quotes.
Insurers price risk using many factors this calculator cannot know, so quotes may differ substantially.
This insurance calculator helps estimate how much cover you might need and compare indicative annual premiums across common types of insurance — including life insurance, income protection, and home and contents insurance. It is designed as a planning tool to give you a starting point before speaking with an insurance broker or adviser.
In Australia, some insurance types are mandatory — Compulsory Third Party (CTP) insurance for vehicles, for example — while others are optional but strongly recommended. Life insurance can be held inside your superannuation fund at group rates, which is often significantly cheaper than retail policies. Income protection insurance covers up to 70% of your gross income if you are unable to work due to illness or injury. Home and contents insurance is not legally required but is strongly advisable for homeowners. Always compare multiple quotes and read the Product Disclosure Statement (PDS) before purchasing any insurance policy.
No. The figures produced by this tool are indicative estimates only, based on general assumptions. Actual insurance premiums depend on many individual factors including age, health history, claims history, property location, and the specific policy terms. Contact a licensed insurance broker or compare policies directly on comparison sites such as Canstar or iSelect for accurate quotes.