Compare more than the advertised premium: check the cover provided, policy limits, excess, exclusions and any waiting periods. Read the Product Disclosure Statement (PDS) to understand what is and is not covered, and check whether the policy uses agreed or market value for insured items. Also consider the insurer’s claims process, payment options and financial strength. Your final premium and eligibility will depend on your circumstances, so compare quotes directly and consider guidance from an authorised insurance professional or Moneysmart.