Estimate your life, car or home insurance needs based on your personal situation.
Insurance protects you and your family from financial hardship when unexpected events occur. Being under-insured — or uninsured — can have devastating financial consequences. This tool gives you a starting point to estimate the coverage you may need.
A commonly used rule is to hold life cover equal to 10 times your annual income plus your outstanding debts. However your actual needs depend on your family situation, existing savings and any superannuation death benefits.
Always insure your home for its rebuild cost, not its market value. The rebuild cost (labour and materials to reconstruct) is often very different from what the property would sell for. Under-insuring is a common and costly mistake.
Note: This tool provides rough estimates for educational purposes only. Insurance needs are highly personal. Speak with a licensed insurance adviser for tailored advice.