Home Insurance Calculator: Estimate Your Homeowners Cost

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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.

MoneyGeek's homeowners insurance calculator can help you quickly and easily estimate the cost of your homeowners insurance. It’s a useful tool whether you’re considering insurance for a property you already own or for a future purchase.

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Home Insurance Calculator

State

Florida

Dwelling Coverage

$250,000

Deductible

$500

Liability

$300,000

Personal Property

$50,000

Credit Score

Excellent
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low end

on average

high end

Your home's location, it's amenities, and other factors impact pricing.

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.

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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.)

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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