Home Insurance Calculator

Last updated July 2, 2026

Homeowners insurance premiums have risen sharply in recent years, particularly in states with elevated wildfire, hurricane, or flooding risk. The national average annual premium for homeowners insurance reached approximately $2,200 in 2025, but that average obscures enormous variation. Florida homeowners pay a statewide average over $6,000 per year; California homeowners in wildfire-prone areas face premiums that have doubled or tripled since 2020, and in some ZIP codes the state's insurer of last resort — the FAIR Plan — is now the only available option. In lower-risk states like Ohio, Wisconsin, and Oregon, annual premiums under $1,000 are still common for moderate homes.

Coverage decisions significantly affect premium cost. The dwelling coverage amount — what it would cost to rebuild the home from the ground up, not the market value or purchase price — is the most important input. This replacement cost figure is often higher than the market value in expensive labor markets and is rising due to construction cost inflation. Most policies also cover personal property at 50 to 70 percent of the dwelling limit, liability protection, and additional living expenses if the home becomes uninhabitable. Flood damage and earthquake damage are excluded from standard homeowners insurance and require separate policies — a critical distinction for buyers in coastal or seismically active areas. Bundling home and auto insurance typically yields a 5 to 15 percent discount on both.

Get at least three homeowners insurance quotes before closing — the difference between insurers can be hundreds of dollars per year for identical coverage. Make sure the dwelling coverage amount reflects current replacement cost, not the purchase price, and verify whether your area's risk profile requires separate flood or earthquake coverage that doesn't come with the standard policy.