Home Insurance Calculator
Homeowners insurance protects your home, your belongings, and your liability, and getting the coverage right matters as much as getting a good price, because being underinsured can be catastrophic while overinsuring wastes money. A standard policy covers the dwelling (the rebuild cost), other structures (typically 10% of dwelling coverage), personal property (50%), and loss of use (20%), with liability coverage as well. This calculator estimates your annual premium based on your dwelling coverage and a rate per $100 of coverage (the U.S. average is about $0.35), and it shows the typical coverage amounts for each category so you can see whether your limits are adequate. Enter your dwelling coverage (the cost to rebuild your home), the rate per $100 of coverage, and your deductible, and the calculator returns your estimated annual premium and a coverage breakdown. Insure for the rebuild cost — what it would cost to reconstruct the structure — not the market value, which includes land and location and can be higher or lower than rebuild cost, so a builder or insurer can help you estimate the right dwelling coverage based on local construction costs. Standard policies exclude floods and earthquakes, so if you're at risk you need separate policies (often through the National Flood Insurance Program for floods), which is a common and costly gap. To lower your premium, raise your deductible, bundle home and auto with one carrier, install security devices, improve your credit, and shop around annually for better rates. Loss of use coverage pays for additional living expenses (hotel, food) if you can't live in your home due to a covered disaster, and it's typically 20% of dwelling coverage. Use this calculator to estimate a major cost of homeownership, set adequate coverage limits, and compare quotes when shopping for insurance.
Home Insurance Calculator
Estimate annual homeowners insurance premiums and typical coverage amounts.
Estimated annual premium
$1,225
$102 / month
Other structures (10%)
$35,000
Personal property (50%)
$175,000
Loss of use (20%)
$70,000
Standard policies cover the dwelling, other structures, personal property, and loss of use as percentages of dwelling coverage. Premiums vary by location, claims history, credit, and coverage limits.
How to Use This Calculator
- 1Enter your dwelling coverage (the cost to rebuild your home).
- 2Enter the rate per $100 of coverage.
- 3Enter your deductible.
- 4Read your estimated annual premium and coverage breakdown.
Why It Helps
- ✓Estimates a major cost of homeownership.
- ✓Shows typical coverage category amounts.
- ✓Helps you set adequate coverage limits.
- ✓Useful when comparing insurance quotes.
About This Calculator
Homeowners insurance protects your home, your belongings, and your liability, and getting the coverage right matters as much as getting a good price, because being underinsured can be catastrophic while overinsuring wastes money. A standard policy covers the dwelling (the rebuild cost), other structures (typically 10% of dwelling coverage), personal property (50%), and loss of use (20%), with liability coverage as well. This calculator estimates your annual premium based on your dwelling coverage and a rate per $100 of coverage (the U.S. average is about $0.35), and it shows the typical coverage amounts for each category so you can see whether your limits are adequate. Enter your dwelling coverage (the cost to rebuild your home), the rate per $100 of coverage, and your deductible, and the calculator returns your estimated annual premium and a coverage breakdown. Insure for the rebuild cost — what it would cost to reconstruct the structure — not the market value, which includes land and location and can be higher or lower than rebuild cost, so a builder or insurer can help you estimate the right dwelling coverage based on local construction costs. Standard policies exclude floods and earthquakes, so if you're at risk you need separate policies (often through the National Flood Insurance Program for floods), which is a common and costly gap. To lower your premium, raise your deductible, bundle home and auto with one carrier, install security devices, improve your credit, and shop around annually for better rates. Loss of use coverage pays for additional living expenses (hotel, food) if you can't live in your home due to a covered disaster, and it's typically 20% of dwelling coverage. Use this calculator to estimate a major cost of homeownership, set adequate coverage limits, and compare quotes when shopping for insurance.
Disclaimer: This calculator provides estimates for educational purposes only and does not constitute financial, tax, or investment advice. Results depend on assumptions that may not reflect your actual situation.
Frequently Asked Questions
How much dwelling coverage do I need?
Enough to rebuild your home — its replacement cost, not its market value. A builder or insurer can estimate this based on local construction costs.
What is the difference between market value and rebuild cost?
Market value includes land and location; rebuild cost is what it costs to reconstruct the structure. Insure for rebuild cost, which can be higher or lower than market value.
Does home insurance cover floods or earthquakes?
No. Standard policies exclude floods and earthquakes. You need separate policies (often through the NFIP for floods) if you are at risk.
How can I lower my home insurance premium?
Raise your deductible, bundle home and auto, install security devices, improve your credit, and shop around annually for better rates.
What is loss of use coverage?
It pays for additional living expenses (hotel, food) if you can't live in your home due to a covered disaster. It is typically 20% of dwelling coverage.
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Written by
James MitchellSenior Financial Analyst & Personal Finance Expert
Certified Financial Planner (CFP) • MBA in Finance, University of Chicago Booth School of Business