Home Insurance Estimator
Estimate your annual home insurance premium based on home value, location risk, and coverage type.
Get a ballpark figure for budgeting.
Home insurance coverage needs to be calculated carefully to ensure that in the event of a total loss, the payout is sufficient to rebuild the home — not just buy another one at market value. Market value and rebuild cost are different numbers, and confusing them is a costly mistake.
Dwelling coverage (Coverage A) formula:
Rebuild Cost = Home Square Footage × Local Construction Cost per Sq Ft
Local construction cost benchmarks (US, 2024–2025):
| Region | Cost per Sq Ft |
|---|---|
| Rural Midwest | $90–$130 |
| Southeast | $110–$160 |
| Northeast/Mid-Atlantic | $150–$220 |
| West Coast | $200–$350 |
| Hawaii / NYC | $300–$500+ |
Additional coverage tiers:
| Coverage | Purpose | Recommended Amount |
|---|---|---|
| Dwelling (A) | Rebuild the structure | 100% of rebuild cost |
| Other Structures (B) | Fences, garage, shed | 10% of A |
| Personal Property (C) | Furniture, electronics, clothing | 50–70% of A |
| Loss of Use (D) | Hotel/rent while rebuilt | 20–30% of A |
| Liability (E) | Injury claims | $300,000–$500,000 |
Worked example: A 2,200 sq ft home in the Southeast:
- Rebuild cost: 2,200 × $140 = $308,000 → set Coverage A to $310,000
- Other Structures: $310,000 × 10% = $31,000
- Personal Property: $310,000 × 60% = $186,000
- Loss of Use: $310,000 × 25% = $77,500
- Total policy limit: ~$604,500
- Typical premium (Southeast, no claims history): $1,200–$1,800/year
Key policy riders to consider:
- Extended replacement cost: adds 20–50% above Coverage A limit if rebuild costs spike
- Guaranteed replacement cost: the insurer rebuilds fully regardless of cost (most expensive)
- Flood insurance: ALWAYS separate (not included in standard homeowner’s policies)
- Earthquake insurance: also always separate
How we build and check this calculator
This calculator runs entirely in your browser, so the numbers you enter stay on your device. The math behind it is written by hand and tested against worked examples and standard references before the page goes live.
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