Australians are paying more than ever for home and contents insurance as average premiums skyrocket by up to $700.

New research from  Canstar revealed the average Australian annual home and contents premium jumped from $2452 to $2795 in the past 12 months.

That's an increase of 14 per cent, or about $343.

LIVE UPDATES: Trump ally shot from a 'long distance'

But the stats were even more dire when broken down by state and territory, with several unlucky regions facing increases well above the national average.

Average annual home and contents insurance premiums in NSW rose from $2210 in 2024 to $2613 in 2025, an increase of $403 or 18 per cent.

NSW copped the most significant percentage increase but not the biggest dollar increase.

That went to the Northern Territory,

See Full Page