Buying guide

Do I need mortgage protection insurance + what does it cost?

A guide for MP insurance newbies

Ben Tutty
Last updated: 5 December 2025 | 5 min read

In this mortgage protection insurance guide we’ll cover

What is mortgage protection insurance?

Mortgage protection insurance fine print

Not everyone needs mortgage protection insurance, but for most with a mortgage it's worth considering.

How much does mortgage protection cost?

Comparison of four mortgage protection insurance providers
InsurerFidelity LifeAIAAsteron LifeChubb
Monthly premiumMonthly premium$37.37$37.37$37.42$37.42$38.77$38.77$41.41$41.41
CashbackCashback$74.09$74.09$99.79$99.79$93.05$93.05$83.78$83.78

Do I need mortgage protection insurance?

If you've got a family and financial responsibilities it's important to regularly review your insurance

Key differences between income and mortgage protection

Need advice?

Author

Ben Tutty Ben Tutty