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 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