Home insurance costs vary according to factors such as your property’s location, rebuild value, building materials, security features, claims history, excess and the risks covered. The premium may also change depending on whether you insure the building, contents or both, and whether you choose optional cover such as flood or accidental damage. To compare quotes, check that the sum insured is sufficient and review exclusions, limits and excesses in each policy’s Product Disclosure Statement (PDS). The insurer ultimately sets the premium based on your individual circumstances, so consider checking details with the provider or a licensed insurance adviser.