Estimate your homeowners insurance cost by state, home value, and coverage level. See annual and monthly premiums with a detailed factor breakdown.
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The average homeowners insurance cost in the United States is $2,151 per year for a $350,000 dwelling, but premiums vary dramatically by state, home value, and personal factors. In Hawaii, the average is just $645 per year, while Florida homeowners pay an average of $5,376 annually. Our home insurance calculator helps you estimate your specific premium based on your home details, location, construction type, deductible, and more — without filling out quote forms or sharing personal information.
Home insurance premiums are calculated using a multi-factor formula that starts with a base rate derived from your dwelling coverage amount. This base rate is then adjusted by your state's risk profile, the age of your home, construction materials, chosen deductible, claims history, and credit score. Each factor either increases or decreases your premium relative to the baseline. For example, a new brick home in a low-risk state with a high deductible and excellent credit can pay 60% less than the national average, while an older frame home in a hurricane-prone state with past claims can pay more than double.
Estimation Formula
Annual Premium = (Dwelling ÷ 1000) × Base Rate × Location × Age × Construction × Deductible × Claims × CreditSee your estimated annual and monthly cost in seconds — no need to fill out lengthy quote forms, provide personal information, or wait for callbacks from insurance agents.
Instantly see how different deductible levels, coverage amounts, and liability limits affect your premium. Compare a $1,000 deductible vs. $2,500 and quantify the savings.
Location is the single biggest factor in home insurance cost. See exactly how your state's risk profile compares to the national average — from Hawaii at $645/yr to Florida at $5,376/yr.
Factor home insurance into your total monthly housing payment alongside your mortgage, property taxes, and HOA fees. Lenders require insurance, so knowing the cost upfront helps you budget accurately.
Our calculator provides personalized savings tips based on your inputs — from raising your deductible to bundling policies and installing security systems.
Budget for insurance before purchasing a home. Lenders require homeowners insurance as a loan condition, so knowing the approximate cost helps you calculate your complete monthly housing payment.
Insurance costs vary dramatically by state. If you're relocating from Ohio ($1,505/yr avg) to Texas ($3,657/yr avg), you need to know how it will affect your monthly budget.
Homeowners insurance rates have increased 10.4% nationwide. Use the calculator at renewal time to see if your current premium is reasonable compared to your state's average.
Lenders include insurance in your debt-to-income calculation. Estimating your premium early helps you understand your total borrowing capacity and monthly payment.
Considering a higher deductible to save money? Wondering if your credit score improvement will lower your premium? Use the calculator to quantify the impact of changes before contacting your insurer.
The national average for homeowners insurance is approximately $146 to $212 per month ($1,754 to $2,543 per year) depending on coverage level and data source. The actual cost varies widely by state — from as low as $50/month in Hawaii to over $448/month in Florida. Your specific premium depends on your home's value, location, age, construction type, deductible, claims history, and credit score.
The biggest factors are: (1) Location/state — determines weather risk and regulatory environment; (2) Dwelling coverage amount — higher value means higher premium; (3) Home age — older homes cost more to insure; (4) Construction type — fire-resistant materials reduce rates; (5) Deductible — higher deductible lowers premium; (6) Claims history — past claims increase rates significantly; (7) Credit score — better credit typically means lower premiums.
For a $300,000 dwelling with standard coverage, the national average ranges from approximately $1,754 to $2,543 per year. However, this varies dramatically by state — from about $800/year in low-risk states like Hawaii, Vermont, and Delaware to $4,000 or more in high-risk states like Florida, Oklahoma, and Louisiana. Age, construction, and personal factors also play a significant role.
Homeowners insurance is not legally required by any state, but virtually all mortgage lenders require it as a condition of the loan. If you own your home outright with no mortgage, insurance is optional — but highly recommended to protect your investment. Most financial advisors consider it essential coverage regardless of mortgage status.
You can lower your premium by: (1) Raising your deductible from $1,000 to $2,500 can save 15% or more; (2) Bundling home and auto insurance saves around 10%; (3) Installing a monitored security system saves about 7%; (4) Improving your credit score to 750+ can reduce premiums by 15%; (5) Maintaining a claims-free record; (6) Shopping around and comparing quotes from multiple insurers every year.
A standard HO-3 homeowners policy covers: Dwelling (your home's structure), Personal Property (your belongings), Liability (lawsuits and legal costs if someone is injured on your property), Loss of Use/Additional Living Expenses (temporary housing if your home is uninhabitable), and Medical Payments (minor injury coverage for guests). Standard policies do NOT cover floods, earthquakes, or normal wear and tear.
Florida has the highest average homeowners insurance in the nation ($5,376+/year) due to: extreme hurricane risk and frequency, high litigation rates against insurance companies (assignment of benefits abuse), multiple insurer insolvencies in recent years, increased reinsurance costs, and rising building material and labor costs for repairs. Florida residents pay roughly 2.5 times the national average.