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Home Insurance Estimator

Estimate what home insurance might cost for your home, and what to check before you buy.

Home rebuild value (USD) — what it would cost to rebuild, not the market price Location risk Deductible (USD) — what you pay first on a claim Home age band

Enter your details and press Calculate Estimate to see a rough annual premium range.

How to use this estimator

Enter the rebuild value — the cost to rebuild your home from scratch — not the sale price, which includes land value.
Choose the location risk that best fits your area's weather, wildfire, and flood exposure.
Pick a deductible you could actually afford to pay after a storm or fire.
Select your home's age band, then press Calculate Estimate.
Compare real quotes on the same rebuild value, deductible, and coverage limits.

What affects home insurance premiums

Rebuild value is the foundation: a larger, better-finished home costs more to rebuild, so it costs more to insure. Location risk is next — homes near coasts, wildfire zones, or floodplains pay more, and some risks, such as flood, often need a separate policy. Older homes cost more because wiring, plumbing, and roofs are more likely to fail, while a new roof, updated wiring, and security systems can lower the price. Your deductible also moves the premium: a $500 deductible costs more per year than a $2,500 deductible, because the insurer pays more often and in larger amounts. Claims history matters too — a home with recent claims is seen as riskier.

How to compare home policies

Start with the coverage amount and make sure it matches the true rebuild cost; under-insuring to save premium can leave you paying out of pocket after a major loss. Then compare what is excluded: standard policies usually exclude flood and earthquake damage, and may cap payouts for jewelry, art, or home businesses. Check whether contents are covered at replacement cost or actual cash value, and whether the policy covers extra living costs while your home is repaired.

Key terms

Premium is your annual (or monthly) payment for the policy. Deductible is what you pay first on each claim. Replacement cost pays what it costs to repair or rebuild with similar materials today, while actual cash value subtracts depreciation, so it pays less for older items. Out-of-pocket maximum is mainly a health-insurance term, but the same idea applies here through your deductible plus any coverage caps — the most you would pay yourself on a covered loss.

Worked example: A home with a $300,000 rebuild value, medium location risk, a $1,000 deductible, and an age of 10–30 years. The estimator starts at $300,000 × 0.35% = $1,050, applies medium risk (×1.0), a $1,000 deductible (×1.0), and the 10–30 year band (×1.0), giving a midpoint of $1,050 per year. The displayed range is $890 – $1,210 per year (about $74 – $101 per month). Raising the deductible to $2,500 drops the same home to roughly $800 – $1,090 per year.

Disclaimer: The results on this page are rough estimates for education only. They are NOT real insurance quotes and NOT insurance advice. Actual premiums depend on many additional factors and vary by insurer, state, and policy. Get actual quotes from licensed insurers or agents before buying any policy, and read the full policy terms before you commit.

Frequently Asked Questions

Should I insure my home for its market price or its rebuild value?

Rebuild value. Market price includes the land, which does not need rebuilding after a fire. Insuring for market price can mean overpaying, while insuring below rebuild value can leave you short after a major loss.

Does home insurance cover floods?

Standard home policies usually do not cover flood damage. Flood cover typically requires a separate policy, so check this carefully if your area has any flood risk.

How does raising my deductible change my premium?

A higher deductible lowers your premium because the insurer pays less often and in smaller amounts. Only raise it to a level you could actually afford to pay out of pocket after a loss.

Why do older homes cost more to insure?

Older wiring, plumbing, and roofing are more likely to fail and more expensive to bring up to current standards. Updates such as a new roof or rewiring can lower the premium.

What is replacement cost versus actual cash value?

Replacement cost pays what it costs to repair or rebuild with similar materials today. Actual cash value subtracts depreciation, so it pays less, especially for older roofs and contents.

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