Re: Are we paying too much for insurance? › Forums › The Professionals › Are we paying too much for insurance? › Current Page 26/03/2014 at 10:29 pm #21281 kiwipaulFlatchatter Their are loads of online insurance quote sites for insuring property so just feed in the value of the house and location as though it is a freehold property and see what it comes back with. We pay $6,500 for a insured value of $5M.