What a landlord insurance quote really costs after the tax deduction, in weeks of rent, and what its loss of rent cover is worth.
Updated October 2026Built and checked by MaverickHow it's calculatedReport an error
After-tax cost
$1,020
$480 back at 32% tax
In weeks of rent
2.5 wks
4.8% of $31,200 rent
Loss of rent cover
$15,600
26 weeks of rent
Building + contents
$500,000
sums insured on the quote
Building, contents, public liability and loss of rent cover on a rental property are deductible in the year you pay them; the saving is worked out on your taxable income for 2026-27, including the Medicare levy.
What your weekly rent adds up to at common policy limits. Loss of rent payouts count as taxable income.
Landlord insurance covers risks a rental property has that a home doesn't, such as tenant damage and lost rent, alongside the building, contents and public liability. The ATO lets landlords claim building, contents, public liability and loss of rent cover in the year they pay it, so the premium costs less than it looks. Enter your quote and this calculator shows the premium after tax, what it costs in weeks of rent, and what the loss of rent cover is worth. It works only from your quote, because premiums depend on the property, its location and the insurer.
A $1,500 premium on a house rented at $600 a week, with 26 weeks of loss of rent cover. The owner's taxable income is $120,000.
The premium is 2.5 weeks of rent (4.8% of $31,200). At a taxable income of $120,000, the deduction saves $480 (30% tax plus the 2% Medicare levy), so it costs $1,020 after tax. The loss of rent cover is worth up to $15,600.