Based on our research the cheapest home and contents insurance policy was 116. We gathered over 201 quotes from 14 different Australian insurers to work out the average home insurance costs from state to state with a building worth 500000 and contents. Site Not Configured 404 Not Found Homeowners Insurance Life Insurance Facts Life Insurance Policy To put that into perspective this means the average cost of a home and contents insurance policy is about 390 a day in New South Wales 430 a day in southern Queensland and 330 a day in Victoria. Average home and contents insurance cost nsw . Awesome deals on some of Australias best brands that could help you save on your car home and more. Then I saw an estimation for a 2000sqft home for 250k for a shipping container home alternatively a home in my state TX a 4000sqft conventional home is 500k-600k so with that a shipping container home at that 4000sq mark would be a similar price so it doesnt seem like its more cost effective when it co