Home Insurance Calculator
Estimate your homeowners insurance annual premium and see a complete breakdown of your dwelling, personal property, liability, and other coverage amounts — with deductible and location comparisons.
Home Information
Coverage Options
Personal Factors
How to Use the Home Insurance Calculator
- 1
Enter your home value and age along with the construction type and location. These four factors have the biggest impact on your premium. Brick construction in a suburban location will cost significantly less to insure than wood frame construction in a coastal area.
- 2
Select your coverage type and deductible. Replacement cost coverage is recommended as it pays to rebuild at current prices. A higher deductible lowers your premium — only choose a deductible you can comfortably pay out of savings if you need to file a claim.
- 3
Select your personal property and liability coverage levels. Most financial advisors recommend $300,000 in liability coverage. Increase personal property coverage if you have significant valuables electronics jewelry or furniture.
- 4
Click Calculate to see your estimated premium, full coverage breakdown, deductible comparison, and location risk comparison. Download the free PDF to compare with quotes from multiple insurers.
Example Calculation
Scenario: Home Value $350,000 | Age 10 years | Brick | Suburban | Replacement Cost | $1,000 deductible | 50% personal property | $300,000 liability | Good credit | No security system
- Annual Premium: $1,496.25
- Monthly Premium: $124.69
- Dwelling Coverage: $350,000.00
- Other Structures: $35,000.00
- Personal Property: $175,000.00
- Total Coverage Value: $935,000.00
- Savings vs. $500 Deductible: $224.44/yr
- Cost if Coastal Location: $2,169.56/yr
- Estimated Credit Savings: $224.44/yr
Frequently Asked Questions
What does homeowners insurance cover?
A standard homeowners insurance policy (HO-3) covers four main areas. Dwelling coverage pays to repair or rebuild your home from covered perils like fire wind and hail. Personal property coverage replaces your belongings. Liability coverage protects you if someone is injured on your property or you accidentally damage someone else's property. Loss of use coverage pays for temporary housing while your home is being repaired. Standard policies do not cover floods or earthquakes which require separate policies.
What is the difference between replacement cost and actual cash value?
Replacement cost coverage pays to rebuild or replace your home and belongings at current prices without accounting for depreciation. Actual cash value pays the depreciated value — what your property was worth just before the damage. For example a 10-year-old roof with replacement cost coverage would be replaced with a new roof. With actual cash value you would receive only a fraction of the replacement cost due to depreciation. Replacement cost coverage costs more but provides significantly better protection.
How much homeowners insurance do I need?
You need enough dwelling coverage to fully rebuild your home — not necessarily its market value. In some markets rebuilding costs more than market value due to labor and materials. Other structures should be 10% of dwelling coverage. Personal property should cover the full replacement value of your belongings — take a home inventory to determine this. Liability should be at least $300,000 — more if you have significant assets. Your mortgage lender will typically require at minimum enough coverage to pay off your mortgage.
Is flood insurance included in homeowners insurance?
No — flood insurance is a completely separate policy not included in standard homeowners insurance. If you live in a flood zone your mortgage lender will require you to purchase a separate flood insurance policy through the National Flood Insurance Program (NFIP) or a private insurer. Even homes outside designated flood zones flood occasionally and FEMA reports that 20% of flood claims come from properties outside high-risk flood zones. Flood insurance averages $700 to $1,000 per year through the NFIP.
How can I lower my homeowners insurance premium?
Several strategies can reduce your premium. Raising your deductible from $500 to $2,500 can save 10% to 15%. Installing a monitored security and fire alarm system saves 5% to 15%. Bundling with your auto insurance typically saves 5% to 10%. Improving your credit score is one of the most impactful changes in states that allow credit-based pricing. Staying claims-free for 3 to 5 years earns loyalty discounts with most insurers. Shopping multiple insurers every 2 to 3 years ensures you are getting the best rate.
Disclaimer: This report is generated for informational purposes only. TheCalcTool is not a licensed financial legal or insurance advisor. Home insurance premium estimates are based on national average factors for 2026 and are for illustrative purposes only. Actual premiums vary significantly by state ZIP code insurer home condition and individual underwriting factors. Flood insurance is typically a separate policy not included in standard homeowners insurance. Coastal and high-risk properties may require additional endorsements or separate policies. Always obtain quotes from multiple licensed insurers before purchasing a policy.