Home Insurance
Home Insurance Calculator
State
Florida
Dwelling Coverage
$250,000
Deductible
$500
Liability
$300,000
Personal Property
$50,000
Credit Score
Excellent
low end
on average
high end
These are annual estimates. Get a personalized quote to determine your costs.
For many people, purchasing a home is the most significant financial decision of their lives. Because your home is such an important and valuable possession, you should make sure that your investment is protected. Home insurance protects your house and personal property from damage and ensures that you receive adequate compensation if anything goes wrong.
Not sure what dwelling coverage or personal property limits to set? MoneyGeek can help you determine how much homeowners insurance you need.
Get a Personalized Quote
MoneyGeek's home insurance cost estimator is an excellent tool for getting an idea of how much you’ll pay for homeowners insurance. After you use the calculator, comparing quotes from several different providers can ensure that you get the best deal possible.
The cost of home insurance can vary depending on many factors, including where you live, your home’s value, the frequency of weather-related risks and potential natural disasters.
Factors Used to Calculate the Cost of Home Insurance
Insurance providers consider various factors when calculating your insurance policy premium. If you have valuable property or live in an area where certain risks are higher, you may have to pay more for insurance as a result. Some of the factors that influence the cost of your home insurance policy include:
- Where you live
- Environmental hazards (like wildfires and storms)
- How much your home is worth
- How old your home is
- How much it would cost to rebuild
- Other home features (wood stoves, swimming pools, saunas, etc.)
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How Does Your Rate Compare to the National Average?
The average cost of coverage for home insurance depends on the average dwelling coverage and the home’s value. The more valuable your home is, the more coverage you’ll need and the higher your annual insurance premium becomes as a result.
Average Cost of Home Insurance
Dwelling Coverage Amount | Annual Premium |
|---|---|
$100,000 | $1,075 |
$250,000 | $1,979 |
$500,000 | $3,519 |
$750,000 | $5,086 |
$1,000,000 | $6,777 |
$2,000,000 | $14,020 |
$3,000,000 | $21,221 |
State-Specific Baseline | $2,103 |
How Much Do Homeowners Pay for Insurance in Your State?
Aside from your home’s value, location is one of the most important factors to impact home insurance coverage and costs. This is because your particular location has a lot to do with how insurance companies calculate potential risks. For example, if you live in an area prone to natural disasters like hurricanes or wildfires, you can expect your premiums to be higher.
Similarly, if you live in an area with a high crime rate or an elevated risk of burglary or vandalism, you’ll likely end up paying more for home insurance. On the flip side, if you live in a safe area with few risk factors, your premiums will typically be lower.
Average Home Insurance Cost by State
State | Dwelling Coverage $100,000 | Dwelling Coverage $250,000 | Dwelling Coverage $500,000 | Dwelling Coverage $750,000 | Dwelling Coverage $1,000,000 | Dwelling Coverage $2,000,000 | Dwelling Coverage $3,000,000 | Dwelling Coverage Baseline Amount | Premium for State-Specific Dwelling Coverage |
|---|---|---|---|---|---|---|---|---|---|
AK | $670 | $1,117 | $1,943 | $2,743 | $3,547 | $7,226 | $10,886 | $250,000 | $1,117 |
AL | $1,436 | $2,367 | $4,012 | $6,236 | $9,778 | $23,231 | $37,093 | $100,000 | $1,436 |
AR | $2,039 | $3,508 | $6,247 | $9,534 | $13,441 | $29,002 | $47,055 | $100,000 | $2,039 |
AZ | $1,178 | $1,982 | $3,391 | $4,877 | $6,745 | $15,780 | $25,022 | $250,000 | $1,982 |
CA | $548 | $1,090 | $2,002 | $3,017 | $4,001 | $8,319 | $12,397 | $500,000 | $2,002 |
CO | $1,918 | $3,156 | $5,118 | $6,738 | $8,663 | $17,290 | $26,800 | $250,000 | $3,156 |
CT | $837 | $1,649 | $3,080 | $4,509 | $5,907 | $12,113 | $19,339 | $250,000 | $1,649 |
DC | $491 | $943 | $1,713 | $2,493 | $3,338 | $6,612 | $9,912 | $500,000 | $1,713 |
DE | $394 | $717 | $1,372 | $2,113 | $2,855 | $6,043 | $9,294 | $250,000 | $717 |
FL | $1,123 | $2,359 | $4,744 | $7,252 | $9,746 | $19,070 | $28,466 | $250,000 | $2,359 |
GA | $1,246 | $2,147 | $3,855 | $5,690 | $7,689 | $16,703 | $25,497 | $250,000 | $2,147 |
HI | $220 | $372 | $764 | $1,174 | $1,581 | $3,408 | $5,225 | $500,000 | $764 |
IA | $1,242 | $2,080 | $3,512 | $5,163 | $7,130 | $16,407 | $25,718 | $100,000 | $1,242 |
ID | $604 | $1,051 | $1,818 | $2,628 | $3,417 | $6,969 | $10,596 | $250,000 | $1,051 |
IL | $1,018 | $1,751 | $2,945 | $4,058 | $5,171 | $9,874 | $14,471 | $250,000 | $1,751 |
IN | $954 | $1,615 | $2,734 | $3,876 | $5,211 | $11,239 | $17,379 | $100,000 | $954 |
KS | $2,878 | $4,940 | $8,138 | $11,363 | $16,375 | $41,448 | $61,115 | $100,000 | $2,878 |
KY | $1,120 | $1,908 | $3,257 | $4,581 | $6,353 | $14,936 | $22,790 | $100,000 | $1,120 |
LA | $1,625 | $3,620 | $7,202 | $11,312 | $15,175 | $30,742 | $46,360 | $100,000 | $1,625 |
MA | $962 | $1,772 | $2,864 | $4,315 | $5,541 | $10,419 | $15,282 | $500,000 | $2,864 |
MD | $895 | $1,671 | $3,129 | $4,695 | $6,266 | $12,336 | $18,435 | $250,000 | $1,671 |
ME | $538 | $1,046 | $1,945 | $2,853 | $3,755 | $7,428 | $11,203 | $250,000 | $1,046 |
MI | $1,416 | $2,341 | $4,113 | $5,868 | $7,967 | $16,286 | $24,808 | $250,000 | $2,341 |
MN | $1,458 | $2,735 | $4,541 | $6,505 | $9,168 | $19,615 | $30,045 | $250,000 | $2,735 |
MO | $1,524 | $2,710 | $4,716 | $6,802 | $9,093 | $17,741 | $25,649 | $250,000 | $2,710 |
MS | $1,377 | $2,761 | $5,096 | $7,565 | $10,000 | $20,243 | $30,603 | $100,000 | $1,377 |
MT | $1,477 | $2,595 | $3,993 | $5,329 | $6,696 | $12,280 | $17,892 | $250,000 | $2,595 |
NC | $747 | $1,498 | $2,609 | $3,704 | $4,765 | $9,054 | $13,377 | $250,000 | $1,498 |
ND | $1,368 | $2,270 | $3,781 | $5,351 | $6,871 | $12,921 | $19,281 | $250,000 | $2,270 |
NE | $1,663 | $2,972 | $5,075 | $7,100 | $9,174 | $18,565 | $28,116 | $250,000 | $2,972 |
NH | $468 | $898 | $1,642 | $2,401 | $3,146 | $6,274 | $9,452 | $250,000 | $898 |
NJ | $648 | $1,228 | $2,343 | $3,387 | $4,442 | $8,218 | $12,056 | $250,000 | $1,228 |
NM | $716 | $1,408 | $2,602 | $3,737 | $4,855 | $9,606 | $14,451 | $250,000 | $1,408 |
NV | $536 | $906 | $1,577 | $2,187 | $2,833 | $5,489 | $8,237 | $250,000 | $906 |
NY | $787 | $1,402 | $2,599 | $3,833 | $5,067 | $10,263 | $15,524 | $250,000 | $1,402 |
OH | $938 | $1,527 | $2,616 | $3,920 | $5,890 | $13,334 | $20,780 | $100,000 | $938 |
OK | $2,520 | $4,782 | $8,654 | $12,464 | $16,282 | $31,733 | $47,240 | $100,000 | $2,520 |
OR | $519 | $811 | $1,373 | $1,942 | $2,470 | $4,790 | $7,146 | $250,000 | $811 |
PA | $737 | $1,348 | $2,468 | $3,631 | $4,801 | $12,331 | $19,702 | $250,000 | $1,348 |
RI | $785 | $1,321 | $2,511 | $3,815 | $4,992 | $9,731 | $14,464 | $250,000 | $1,321 |
SC | $1,761 | $3,377 | $6,471 | $9,850 | $13,827 | $31,618 | $50,222 | $250,000 | $3,377 |
SD | $1,545 | $2,545 | $4,349 | $6,009 | $7,697 | $15,915 | $23,949 | $250,000 | $2,545 |
TN | $2,129 | $3,466 | $5,601 | $8,376 | $12,337 | $27,638 | $42,402 | $250,000 | $3,466 |
TX | $1,783 | $3,390 | $5,989 | $8,349 | $10,684 | $20,311 | $29,954 | $250,000 | $3,390 |
UT | $666 | $1,081 | $1,873 | $2,662 | $3,640 | $8,438 | $13,898 | $250,000 | $1,081 |
VA | $1,136 | $2,058 | $3,940 | $5,988 | $8,656 | $21,251 | $33,500 | $250,000 | $2,058 |
VT | $672 | $1,197 | $2,066 | $2,850 | $3,617 | $6,648 | $9,692 | $250,000 | $1,197 |
WA | $646 | $1,106 | $1,977 | $2,942 | $3,898 | $8,135 | $12,479 | $250,000 | $1,106 |
WI | $696 | $1,257 | $2,185 | $3,087 | $4,080 | $8,493 | $13,355 | $250,000 | $1,257 |
WV | $843 | $1,486 | $2,603 | $3,776 | $4,934 | $9,531 | $14,058 | $100,000 | $843 |
WY | $995 | $1,965 | $4,011 | $5,937 | $7,342 | $13,397 | $19,554 | $250,000 | $1,965 |
How Much Coverage Do You Need?
How much coverage you’ll need depends on your unique circumstances, including how much your home is worth, what it would cost to rebuild and how much money you have on hand.
Dwelling Coverage
Dwelling coverage refers to the coverage for your home’s physical structure. In general, you should aim for your dwelling coverage to equal the cost to replace your home if a disaster destroys it. For example, if your home would cost approximately $200,000 to rebuild from the ground up, you should invest in the same amount of dwelling coverage.
Personal Property Coverage
Personal property coverage refers to insurance that covers damage to all personal property and possessions inside your home. This can include everything from valuable furniture items to electronics to jewelry and more. To determine how much personal property coverage you need, you should make an inventory of your personal belongings and estimate what it would cost to replace them. This number is what you should aim for as a personal property coverage limit. In some cases, your insurer will automatically set your personal property coverage at 50% of your dwelling coverage.
Other Coverage
In addition to dwelling coverage and personal property coverage, home insurance comes with several other types of related coverage. These include:
- Liability
- Medical
- Other structures
These types of coverage are often also set in proportion to your dwelling coverage limit.
What Information Do I Need to Get a Quote?
Getting a home insurance quote online is a quick and easy process and can help you find the best home insurance companies for your needs. In most cases, you can fill out a short form on the insurance company’s website to get a quote. To do so, you’ll need to provide some basic information about yourself and your home, including:
- Personal information (name, date of birth, Social Security number)
- Your home’s address
- Recent renovations or repairs
- The age and condition of your home
When applying for homeowners insurance, you should shop around and compare quotes from several different providers to get the best deal. You can not only compare rates between different companies but also review different coverage levels and plans. In addition to homeowners insurance, you should also consider additional insurance coverage, including hazard, flood and earthquake insurance.
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