Home Insurance Calculator
Estimate your homeowners insurance premium by state, home value, coverage amount, and deductible. See how each factor affects your annual cost.
How to Use This Home Insurance Calculator
Enter your Home Value (replacement cost, not market value) and select your State. The calculator uses average rate data by state to estimate your annual premium. Adjust the Coverage Amount (typically 80–100% of replacement cost) and choose your Deductible to see how it affects your premium.
Higher deductibles mean lower premiums but more out-of-pocket cost when you file a claim. Most insurance professionals recommend a deductible of $1,000–$2,500 for the best balance of premium savings and manageable out-of-pocket risk.
How Home Insurance Premiums Are Calculated
Rate per $1,000 varies by state (avg: $0.04–$0.23 per $1,000)
Deductible Factor: $500 deductible = +15%, $5,000 deductible = -25%
Insurers calculate premiums using your coverage amount as the base, then apply adjustments for your location's risk (weather events, fire risk, crime), your deductible, home age, construction type, and your personal claims history. State-regulated markets like Texas and Florida have significantly higher base rates due to hurricane and tornado exposure.
Example: Insuring a $350,000 Home in Texas vs California
Same Home, Very Different Premiums
A $350,000 home with $300,000 in dwelling coverage and a $1,000 deductible:
| Texas (TX) | ~$1,710/year ($143/mo) |
| California (CA) | ~$630/year ($53/mo) |
| Florida (FL) | ~$1,800/year ($150/mo) |
| Louisiana (LA) | ~$1,980/year ($165/mo) |
| Hawaii (HI) | ~$360/year ($30/mo) |
The same coverage costs over 5x more in high-risk states. Texas and Louisiana face elevated risk from severe storms and litigation costs. Hawaii's mild weather and low crime result in the nation's lowest rates.