Contents insurance costs vary between insurers and are based on factors such as your location, the value and type of belongings, security features, chosen excess and optional cover. A higher sum insured or lower excess will often increase the quoted premium, while discounts or policy limits may affect the price. Insurers may also charge differently for valuables, accidental damage and portable items taken outside the home. Compare quotes carefully and check the product disclosure statement to confirm exclusions, limits and whether replacement or market value applies.