Homeowners Insurance Calculator
Estimate your annual home insurance premium based on your home's value, location, and coverage needs.
Home Details
Estimated Annual Premium
$2,459/yr
$205/month
Rate: $6.8/thousand of dwelling value
Coverage Details
Deductible Comparison
| Deductible | Annual | Monthly |
|---|---|---|
| $500 | $2,828 | $236/mo |
| $1,000 | $2,459 | $205/mo |
| $2,000 | $2,164 | $180/mo |
| $5,000 | $1,844 | $154/mo |
Discounts Applied
Warnings
- High-risk state for hurricanes/storms. Consider supplemental windstorm coverage.
Tips to Save
- Improving your credit score can lower premiums by 15-30%.
- A security system can save 5-10% on premiums.
- Raising your deductible to $2,000 could save 10-15% annually.
- Bundle home + auto insurance for an additional 5-20% discount.
Estimates based on state averages. Actual premiums vary by insurer, exact location, construction, and claims history.
How Homeowners Insurance Premiums Work
Your premium is primarily driven by your home's replacement cost (not market value), your state's risk profile, your deductible, and your claims history. Homes in hurricane-prone states (Florida, Louisiana, Texas) pay 2-3x the national average. A standard HO-3 policy covers your dwelling, personal property, liability, and additional living expenses if you're displaced.
Average Home Insurance Cost by State (2026)
| State | Avg Annual ($300K Home) | Rate per $1,000 |
|---|---|---|
| Florida | $2,550 | $8.50 |
| Louisiana | $2,340 | $7.80 |
| Oklahoma | $2,160 | $7.20 |
| Texas | $2,040 | $6.80 |
| Kansas | $1,950 | $6.50 |
| National Average | $1,428 | $4.76 |
| Hawaii | $840 | $2.80 |
| Vermont | $960 | $3.20 |
What Homeowners Insurance Covers (and What It Doesn't)
| Covered | NOT Covered |
|---|---|
| Fire, lightning, windstorm | Flooding (need separate policy) |
| Theft and vandalism | Earthquakes (need rider/separate) |
| Liability lawsuits | Normal wear and tear |
| Falling objects, ice damage | Sewer/drain backup (rider needed) |
| Temporary living expenses | Business property (home office) |
Frequently Asked Questions
How much homeowners insurance do I need?
Your dwelling coverage should equal the full replacement cost of your home (not the market value or purchase price). Personal property is typically 50-70% of dwelling coverage. Most experts recommend at least $300,000 in liability coverage, with an umbrella policy for additional protection.
Does a higher deductible save money?
Yes — raising your deductible from $1,000 to $2,500 can save 10-15% annually. But only choose a deductible you can comfortably afford out of pocket. Filing small claims often raises your rate more than the payout.
See also: Mortgage Calculator and Home Affordability Calculator.