Homeowners insurance calculator: Estimate the cost of homeowners insurance

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Understanding the cost of homeowners insurance is a crucial step in protecting your most valuable asset—your home. With so many factors influencing your premium, from the location and age of your property to your coverage limits and deductible choices, estimating the cost can feel overwhelming.

That’s where our homeowners insurance calculator comes in. This easy-to-use tool factors in your dwelling coverage, location, liability coverage, and your chosen deductible to provide a personalized estimate — helping you budget effectively and compare options confidently.

Whether you’re a first-time homebuyer or simply shopping for a better rate, our calculator takes the guesswork out of the process, giving you a clear picture of what to expect when insuring your home.

Key Takeaways

Our homeowners insurance calculator helps estimate your costs based on average rates in your area.
Before you calculate rates, determine how much dwelling and liability coverage you need and the deductible you’re comfortable with.
Compare homeowners insurance quotes for your home from multiple companies to find the best rate and company for your specific needs.

How to use our homeowners insurance cost calculator to estimate cost

Our homeowners insurance calculator helps you estimate how much a home insurance policy will cost you based on sample rates for homes in your area. You’ll also be able to request specific quotes based on the coverage you need. You don’t have to give away too much personal information to get rate estimates.

To use our homeowners insurance calculator:

Start by entering your ZIP code and the amount of dwelling coverage you need. This is the portion of your insurance that rebuilds the structure of your home from the ground up. It’s an important part of your coverage, and you don’t want to underinsure your home, so make sure to get a good estimate of what it would cost to rebuild your home using labor and materials prices in your region. Your insurance agent can help with this number.
Decide how much personal liability coverage you need. A standard policy is $100,000. Experts recommend at least $300,000.
Choose a deductible. A higher home insurance deductible will lower your premium, while a lower one means you’ll pay more for coverage; however, it’s important to know what you’d be comfortable paying if you file a claim.

The tool will provide you with rate estimates based on the information you have entered.

Home Insurance Calculator

See how the average annual home insurance rates vary with the options chosen.

ZIP

Average annual home insurance rates

33315 - Fort Lauderdale

$10,230 Average rate

$19,810 Highest
rate

$2,341 Lowest
rate

Most expensive ZIP for home insurance in
Florida

ZIP code	City	Average rate
33070	Islamorada Village of Islands	$18,374
33037	Key Largo	$18,140
33036	Islamorada Village of Islands	$18,033
33001	Long Key	$18,014

Least expensive ZIP for home insurance in
Florida

ZIP code	City	average rate
32307	Tallahassee	$2,251
32313	Tallahassee	$2,251
32306	Tallahassee	$2,251
32308	Tallahassee	$2,267

Methodology

Insure.com commissioned Quadrant Information Systems to field home insurance rates from major insurers in each state for nearly all ZIP codes in the country for 10 coverage levels based on various dwelling and deductible limits. The homeowner profile is a 35-year-old married applicant with excellent insurance score; new business HO3 policy for house built in 2000 with frame construction and composition roof. Other Structures: 10%. Loss of Use defaulted: 10%. Guest Medical limit: $5,000. Deductible limit: $1,000. Personal property: 50% of dwelling coverage for replacement value

How do we estimate the cost of homeowners insurance?

We commissioned rate data from Quadrant Data Services for home insurance across the country at various coverage levels. The data encompasses 147 insurance companies with rates from 34,587 ZIP codes in all 50 states and D.C. In all, we analyzed 14,723,760 rate quotes. Our calculator leverages that data to provide you with an estimate of home insurance rates in your area.

How to estimate the replacement cost of your home

Estimating the replacement cost of your home is important to ensure you have adequate homeowners insurance coverage. Here’s how you can estimate it:

Consult a professional: Hire a licensed home appraiser or building contractor who can give you a detailed estimate based on your home’s unique features and current construction costs.

Talk to your insurance agent. Insurance companies often have their own calculators, which can help you determine an appropriate coverage amount based on industry data and your home’s specifics.

Do a basic calculation yourself: Contact local builders or a builders association to find out the average cost per square foot for building a home in your area. Multiply your home’s total square footage by the local cost per square foot. For example, if your home is 2,000 square feet and the building costs $150 per square foot, the replacement cost would be 2,000 x $150 = $300,000.

Include special features: If your home has custom features like high-end finishes, special materials or unique architectural elements, add these into your estimate as they can significantly increase rebuilding costs.

Consider building code updates: New construction must meet current building codes, which may have changed since your home was built. Upgrading to meet these codes can add to the cost.

Add costs for demolition and debris removal: Remember to include the expense of demolishing the remaining structure and clearing the site before rebuilding can begin.

Review and update regularly: Construction costs and home values change over time due to inflation and market conditions. Revisit your replacement cost estimate every few years or after significant home improvements.

How deductibles affect the cost of homeowners insurance

A deductible is the amount of money you agree to pay out of your own pocket when you file a claim for damage or loss to your home. Your insurance company covers the remaining costs up to the policy limit after you’ve paid this deductible.

The deductible you choose directly impacts your insurance premium. Generally, selecting a higher deductible will lower your premium because you’re taking on more financial risk, so the insurance company charges you less.

In the event of a claim, your deductible determines how much you’ll pay before insurance coverage kicks in. For example, if you have a $1,000 deductible and incur $5,000 in damages, you pay the first $1,000, and your insurance covers the remaining $4,000.

When selecting a deductible, consider your financial situation and how much you’ll pay upfront in the event of a loss. It’s a key part of customizing your home insurance policy to fit your needs and budget.

Homeowners insurance rates by state

Home insurance rates are influenced by various factors, with your location being one of the most significant.

States like Nebraska, with an average annual rate of $4,800, and Florida, with an average yearly cost of $4,419, have higher rates due to extreme weather like hurricanes and tornadoes and state laws.

In states like Vermont and Idaho, where severe weather is less common, you’ll pay less than half that amount. The table below shows average home insurance rates by state.

State	Estimated annual premium	Estimated monthly premium
Alaska	$1,708	$142
Alabama	$3,147	$262
Arkansas	$3,958	$330
Arizona	$2,490	$208
California	$1,405	$117
Colorado	$4,099	$342
Connecticut	$2,231	$186
Washington, D.C.	$1,342	$112
Delaware	$1,384	$115
Florida	$4,419	$368
Georgia	$2,302	$192
Hawaii	$613	$51
Iowa	$2,654	$221
Idaho	$1,961	$163
Illinois	$3,062	$255
Indiana	$2,991	$249
Kansas	$4,843	$404
Kentucky	$3,326	$277
Louisiana	$3,594	$300
Massachusetts	$1,640	$137
Maryland	$1,715	$143
Maine	$1,391	$116
Michigan	$2,411	$201
Minnesota	$2,420	$202
Missouri	$3,543	$295
Mississippi	$3,380	$282
Montana	$3,289	$274
North Carolina	$2,941	$245
North Dakota	$3,147	$262
Nebraska	$4,800	$400
New Hampshire	$1,221	$102
New Jersey	$1,526	$127
New Mexico	$2,647	$221
Nevada	$1,467	$122
New York	$1,816	$151
Ohio	$2,160	$180
Oklahoma	$5,858	$488
Oregon	$1,755	$146
Pennsylvania	$1,911	$159
Rhode Island	$1,950	$163
South Carolina	$2,678	$223
South Dakota	$3,390	$283
Tennessee	$3,060	$255
Texas	$3,851	$321
Utah	$1,802	$150
Virginia	$2,151	$179
Vermont	$1,263	$105
Washington	$1,612	$134
Wisconsin	$1,662	$139
West Virginia	$1,911	$159
Wyoming	$1,897	$158

QuickTake

Average homeowners insurance cost by ZIP code in 2025

Average home insurance rates for recommended coverage

When your home's market value is less than its insurance value

Homeowners insurance cost by coverage level

The amount of dwelling coverage you need is another major factor affecting home insurance rates. Dwelling coverage is the replacement cost of your home, or how much it would cost to rebuild it, and not the market value.

Dwelling coverage affects rates more than liability. With the default $100,000 liability limits, you’ll pay about $1,955 for $200,000 in dwelling coverage. The cost only jumps to $2,005 if you increase your liability to $300,000, which most experts recommend.

A home with a $400,000 dwelling limit and $300,000 in liability coverage with a 2% hurricane deductible will cost about $3,011; $1 million in dwelling coverage brings you to an average of over $5,000 in home insurance premiums.

The table below shows average costs based on your dwelling and liability coverage limits. It also shows what you might pay if you factor in a percentage-based hurricane deductible, which several states have.

Dwelling coverage	Liability coverage	Deductible	Hurricane Deductible	Average annual cost
$200,000	$100,000	$1,000	2%	$1,955
$200,000	$100,000	$1,000	None	$1,988
$200,000	$300,000	$1,000	2%	$1,973
$200,000	$300,000	$1,000	None	$2,005
$300,000	$100,000	$1,000	2%	$2,504
$300,000	$100,000	$1,000	None	$2,582
$300,000	$300,000	$1,000	2%	$2,523
$300,000	$300,000	$1,000	None	$2,601
$400,000	$100,000	$1,000	2%	$2,992
$400,000	$100,000	$1,000	None	$3,114
$400,000	$300,000	$1,000	2%	$3,011
$400,000	$300,000	$1,000	None	$3,134
$600,000	$100,000	$1,000	2%	$3,816
$600,000	$100,000	$1,000	None	$3,951
$600,000	$300,000	$1,000	2%	$3,839
$600,000	$300,000	$1,000	None	$3,973
$1,000,000	$100,000	$1,000	2%	$5,031
$1,000,000	$100,000	$1,000	None	$5,235
$1,000,000	$300,000	$1,000	2%	$5,050
$1,000,000	$300,000	$1,000	None	$5,257

How to calculate how much homeowners insurance coverage you need

Your dwelling coverage is one of the most important components of your homeowners policy, as it covers the actual structure of your home. You need to determine what it would cost to rebuild your house using labor and materials at today’s costs in your area.

Here’s how you can determine how much homeowners insurance coverage you need.

Calculate the replacement cost of your home: Replacement cost is the amount it would take to rebuild your home from the ground up, not what you could sell it for. Consider hiring a professional appraiser or using online calculators to estimate rebuilding costs based on current material and labor prices.

“I recommend getting a level of 10% to 25% higher than the replacement value of the home,” says Christopher J. Marquette, professor at the Tabor School of Business and managing editor at the Journal for Global Business Advancement. “If a homeowner doesn’t know the replacement value of their home, a good rule of thumb is $150 per square foot absent costly distinguishing features such as stained-glass windows, marble fireplaces, crystal chandeliers, etc.”

Create an inventory of your personal belongings: Take inventory of all your belongings, including furniture, electronics, clothing and appliances, and assign a replacement cost value to each item. Home inventory apps can help you stay organized and maintain a detailed record.

Consider loss of use coverage: It covers living expenses if your home becomes uninhabitable. Ensure this amount is sufficient for the time you might need to stay in temporary accommodation.

Evaluate liability coverage needs: The liability portion is also a key feature. It protects you from lawsuits if someone gets hurt on your property or if you damage someone else’s property – even if you’re away from home.

“The base liability limit for a standard policy is $100,000 but can be increased up to $500,000,” Marquette says. “The limit the homeowner chooses depends on their level of wealth.”

Consider the deductible: The deductible is the out-of-pocket amount you pay before your insurance coverage kicks in. Choose a deductible you are comfortable with, balancing affordability with your ability to cover the cost in case of a claim.

If you need additional coverage, consider an umbrella insurance policy. “Policyholders can also increase their coverage by getting a separate umbrella policy, which covers them for any amount above the liability limits of their other policies, including homeowners and automotive,” Marquette says.

What factors are used to calculate homeowners insurance rates?

The biggest factors used to calculate home insurance rates are:

Location
Construction type and materials
Size and features of the home
Past claims
Credit score (in most states)

“Factors that affect rates include the construction materials, the location of the home, any previous homeowners’ insurance claims, the deductible is chosen, and, in some states, the policyholder’s credit score,” Marquette says.

Like most types of insurance, the more claims you have, the more you’ll pay. If you have a more expensive home with high-end finishes, you’ll need a higher dwelling limit and will pay a little more. Policy premiums will be higher if you live in an area prone to unpredictable weather or natural disasters.

How to get affordable homeowners insurance rates

To find the best rate for coverage, take the time to shop around for home insurance by reaching out to insurance companies directly or comparing quotes online. Request multiple quotes and experiment with deductible options to determine what fits your budget. While a higher deductible can lower your premium, remember that you’ll need to pay that amount out-of-pocket if you file a claim, so choose a balance that works for you in the long term.

Additionally, consider bundling your home and auto insurance to take advantage of discounts. Ask insurers about bundling options and request quotes for both policies simultaneously to maximize your savings.

The bottom line: Estimating the cost of homeowners insurance

A home insurance calculator tool can easily estimate your home insurance costs. Along with your own dwelling coverage calculation and with the help of your agent, you should be able to come up with a premium amount you can afford while protecting your most valuable asset.

Frequently asked questions

Is there a formula to estimate home insurance costs?

You can always multiply the square footage of your home by the cost of labor and building materials in your area to come up with a dwelling coverage amount; however, it will be a very loose estimate. To get a more accurate figure, ask your agent for help – they usually have a dwelling coverage calculator. Then use a home insurance calculator. Then, use a home insurance calculator.

What is the rule of thumb for calculating home insurance?

You need to know how much dwelling and liability insurance you need and what deductible you’re willing to pay, and then you can use an online home insurance calculator or shop around for quotes.

What our expert says

Christopher J MarquettePhD, Tabor School of Business, Millikin University | Managing Editor, Journal for Global Business Advancement.

“Factors that affect rates include the construction materials, the location of the home, any previous homeowners’ insurance claims, the deductible chosen and, in some states, the policyholder’s credit score.”

How much is home insurance in your state or city?

Compare home insurance rates by state and learn about how home insurance works in your area. Select your state or city from the below list to get an estimate of home insurance cost.

Alabama ($3,131/year)

Huntsville|Mobile|Tuscaloosa

Alaska ($1,695/year)

Anchorage|Fairbanks|Juneau

Arizona ($2,468/year)

Chandler|Gilbert|Mesa|Phoenix|Tucson

Arkansas ($3,948/year)

Fayetteville|Fort Smith|Jonesboro|Little Rock

California ($1,386/year)