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Estimate home insurance cost from home value, coverage and deductible — see annual premium and monthly.
Estimate home insurance cost from home value, coverage and deductible — see annual premium and monthly.
Enter values above and click Calculate — results will appear here with the formula explained.
Homeowners premiums price as rate per $1,000 of dwelling coverage: $400,000 at $3.50 costs ~$1,400 yearly ($117/month). Higher deductibles discount roughly 10% per $500 step — $500→$1,000 saves ~$140 here — because small claims (the bulk of frequency) shift back to you.
Rate drivers stack: location (hurricane, wildfire, hail and crime zones multiply base rates 2–5×), construction (masonry beats frame, new roof discounts 10–20%), claims history (one claim +10–20% for years), credit tier (most states), dogs, pools, and proximity to fire hydrants/stations. Two identical houses across a county line can differ 40%.
Coverage must equal replacement cost, not market value: land isn't rebuilt, so high-land-value areas need less coverage than price suggests, while construction-cost spikes (post-disaster demand surge) argue more. Get replacement estimates every 3–5 years; underinsurance triggers coinsurance penalties (e.g. 80% clause cuts payouts proportionally).
Policy anatomy beyond dwelling: other structures (~10% of dwelling), personal property (~50–70%, consider scheduled valuables), loss of use (12–24 months rent), liability ($100–500k) and medical payments. Flood and earthquake are excluded everywhere — separate policies, with flood maps and retrofit credits deciding price.
Shopping discipline: compare 3+ carriers on identical coverage/deductibles (HO-3 vs HO-5 breadth matters more than brand), bundle home+auto (10–25% off), raise deductibles to emergency-fund levels, and re-shop every 2–3 years — loyalty pricing penalizes inertia while new-business discounts reward movers.
This estimates from a generic rate; authoritative price requires underwritten quotes with inspection, CLUE reports and exact replacement costing. Use this to budget and to sanity-check quotes, not to bind coverage.
Estimate home insurance cost from home value, coverage and deductible — see annual premium and monthly. Formula: Premium = (value*coverage/1000)*rate. Example: With $400k value, 100% coverage, $3.50 per $1000, $1k deductible: premium ~$1,400/year ($117/month).
Homeowners premiums price as rate per $1,000 of dwelling coverage: $400,000 at $3.50 costs ~$1,400 yearly ($117/month). Higher deductibles discount roughly 10% per $500 step — $500→$1,000 saves ~$140 here — because small claims (the bulk of frequency) shift back to you.
Rate drivers stack: location (hurricane, wildfire, hail and crime zones multiply base rates 2–5×), construction (masonry beats frame, new roof discounts 10–20%), claims history (one claim +10–20% for years), credit tier (most states), dogs, pools, and proximity to fire hydrants/stations. Two identical houses across a county line can differ 40%.
Coverage must equal replacement cost, not market value: land isn't rebuilt, so high-land-value areas need less coverage than price suggests, while construction-cost spikes (post-disaster demand surge) argue more. Get replacement estimates every 3–5 years; underinsurance triggers coinsurance penalties (e.g. 80% clause cuts payouts proportionally).
Policy anatomy beyond dwelling: other structures (~10% of dwelling), personal property (~50–70%, consider scheduled valuables), loss of use (12–24 months rent), liability ($100–500k) and medical payments. Flood and earthquake are excluded everywhere — separate policies, with flood maps and retrofit credits deciding price.
Shopping discipline: compare 3+ carriers on identical coverage/deductibles (HO-3 vs HO-5 breadth matters more than brand), bundle home+auto (10–25% off), raise deductibles to emergency-fund levels, and re-shop every 2–3 years — loyalty pricing penalizes inertia while new-business discounts reward movers.
This estimates from a generic rate; authoritative price requires underwritten quotes with inspection, CLUE reports and exact replacement costing. Use this to budget and to sanity-check quotes, not to bind coverage.
With $400k value, 100% coverage, $3.50 per $1000, $1k deductible: premium ~$1,400/year ($117/month). At $500 deductible the same coverage runs ~$1,540 — $140 yearly buys down $500 of claim risk, worth it only if claims are likely.
Formulas are standard public references (see our methodology). External standards are cited in the text where they apply.
Last reviewed: September 2026 · Report an error