Home Insurance Estimator
Estimate your annual home insurance premium based on home value, location risk, and coverage type.
Get a ballpark figure for budgeting.
Estimated Annual Premium
Home insurance premiums are estimated as a percentage of the dwelling coverage amount, adjusted for risk factors.
Annual Premium = Dwelling Coverage × Base Rate × Location Factor × Deductible Factor
Base rates (national average ~0.5% of dwelling coverage):
- Coverage A (dwelling): 0.35–0.75% of coverage amount
Location risk factors:
- Low risk (inland, low crime): 0.85×
- Moderate risk (suburban, average): 1.00×
- High risk (coastal, wildfire zone, high crime): 1.40×
- Very high risk (hurricane/flood zone): 1.80×
Deductible impact:
- $500 deductible: +15% premium
- $1,000 deductible (standard): baseline
- $2,500 deductible: -10% premium
- $5,000 deductible: -20% premium
Average annual premiums by state (2024):
- National average: ~$2,000/year
- Cheapest states: VT, NH, UT (~$1,000–1,200)
- Most expensive: FL, LA, OK, TX (~$3,000–5,000)
Note: This is a rough estimate for budgeting only. Actual premiums depend on many factors including credit score, claims history, home age, and specific location.