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 estimate your homeowners insurance cost with our calculator

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.

Our calculator 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.

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

What to read next

Average homeowners insurance cost by ZIP code in 2025

Homeowners insurance rates by state in 2025

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 the foundation of your homeowners policy — it protects the structure of your home itself. To ensure you’re fully covered, you’ll need to estimate what it would cost to rebuild your house today using current labor and material prices in your area.

Here’s how to determine the right amount of homeowners insurance to protect your home and assets:

Estimate your home’s replacement cost. Determine what it would cost to rebuild your home from the ground up using today’s labor and material prices—not what you could sell it for. You can use an online calculator or hire an appraiser. Christopher J. Marquette, professor at the Tabor School of Business, recommends selecting coverage that’s 10% to 25% higher than your home’s replacement value. If you’re unsure, he says $150 per square foot is a good rule of thumb unless your home has high-end features like marble fireplaces or stained-glass windows.
Take inventory of your belongings. List furniture, electronics, clothing, and appliances with their replacement values. Home inventory apps can make this easier and help you maintain a record for future claims.
Review your loss of use coverage. Make sure this amount is enough to cover temporary housing and living expenses if your home becomes uninhabitable after a covered loss.
Check your liability coverage. Liability protection covers legal and medical costs if someone is injured on your property or if you damage someone else’s property. Marquette notes that the standard policy limit is $100,000 but can be increased up to $500,000 depending on your assets and risk level.
Choose a deductible you can afford. A higher deductible lowers your premium but increases what you’ll pay out of pocket if you file a claim. Choose an amount that fits comfortably within your budget.
Consider an umbrella policy. An umbrella policy extends your liability protection beyond your homeowners and auto insurance limits. It’s a cost-effective way to protect your savings and assets from large lawsuits or unexpected claims.

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

Homeowners insurance rates vary widely, but there are several reliable ways to lower your premium without cutting essential coverage. Start by shopping around — rates can differ by hundreds of dollars for the same level of protection. Compare at least three quotes and review coverage details carefully rather than focusing only on price.

You can also raise your deductible to reduce monthly costs, though you’ll pay more out of pocket if you file a claim. Bundling your home and auto policies with the same insurer can earn a discount of up to 20%.

Don’t overlook home safety upgrades — installing storm shutters, impact-resistant roofing, or a monitored security system can make you eligible for additional discounts. Finally, review your coverage annually to remove outdated endorsements and ensure your policy still matches your home’s current value.

Pro tip

Ask your insurer about lesser-known discounts, such as loyalty savings or credits for being claims-free for several years. Small incentives can add up to meaningful savings over time.

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.

The bottom line: Estimating the cost of homeowners insurance

Our homeowners insurance calculator can give you a quick, reliable estimate of what you’ll pay for coverage. Combine that with your own dwelling coverage estimate and guidance from your insurance agent to find a premium that fits your budget while fully protecting your biggest investment — your home.

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.

How much liability coverage should I carry with my homeowners insurance?

We recommend carrying at least $300,000 in liability coverage, though higher limits are often recommended. This coverage pays for injuries or property damage you’re legally responsible for, such as a guest slipping on your steps. If you have significant assets or savings to protect, consider increasing your limit or adding an umbrella policy for extra protection.

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)