Estimate your monthly and annual homeowners insurance cost by state, home value, deductible, and coverage — 2026 rates, no personal info needed.
Dwelling coverage is your home's rebuild cost — not its market value or purchase price.
Add a replacement cost to check the 80% rule, or apply discounts.
Estimates only — not a quote. Actual premiums vary by insurer, ZIP-level risk, roof age, and endorsements. Homes in coastal, wildfire, or flood-prone areas can pay well above the state average, and wind, hurricane, and flood coverage may be separate. Averages: NerdWallet 2026 ($400K dwelling).
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The average cost of homeowners insurance in the U.S. is about $2,490 a year — roughly $208 a month — for a $400,000 dwelling, according to NerdWallet's 2026 analysis. But premiums vary enormously by location: homeowners in Hawaii and Vermont pay under $1,200 a year, while those in Oklahoma, Nebraska, and Kansas pay $5,000 or more as tornadoes, hail, and severe storms drive up claims. This home insurance calculator estimates your specific monthly and annual premium from your home's value, location, age, construction, deductible, and more — with no quote forms and no personal information.
Home insurance premiums start with a base rate tied to your dwelling coverage — the cost to rebuild your home — then adjust for your state’s risk, your home’s age and construction, your deductible, your claims history, and, in most states, your credit. Insurers price replacement cost, not market value, because they are paying to rebuild. A newer masonry home in a low-risk state with a high deductible can cost less than half the national average, while an older frame home in a hail- or hurricane-prone state with recent claims can cost two to three times as much.
Estimation Formula
Budget for insurance before buying. Lenders require homeowners coverage as a loan condition, so knowing the approximate cost helps you calculate your full monthly housing payment.
Costs vary dramatically by state. Relocating from Ohio (about $2,080/yr) to Texas (about $4,915/yr) can change your monthly budget significantly.
Rebuild costs have risen sharply. Use the 80% rule check to confirm your dwelling coverage still matches what it would cost to rebuild today.
Home insurance rates have climbed across the country. At renewal, compare your premium to your state average to judge whether it is reasonable.
Thinking about a higher deductible, or wondering how better credit would help? Quantify the impact before you contact your insurer.
See your estimated monthly and yearly cost in seconds — no quote forms, no personal information, and no calls from agents.
See how different deductibles, coverage amounts, and liability limits change your premium, and quantify the savings from each choice.
Enter your rebuild cost to confirm you are insured to at least 80% of replacement value and avoid a costly coinsurance penalty on a claim.
Location is the single biggest factor in home insurance cost. See how your state compares to the national average, from Hawaii to Oklahoma.
Fold insurance into your full monthly housing payment alongside your mortgage, property taxes, and HOA fees. Lenders require coverage, so knowing the cost upfront helps you plan.
The U.S. average is about $208 a month, or roughly $2,490 a year, for a $400,000 dwelling (NerdWallet, 2026). Monthly cost ranges from under $75 in Hawaii and Vermont to $500 or more in Oklahoma, Nebraska, and Kansas. Your exact premium depends on your home value, location, age, construction, deductible, claims history, and credit.
For a $300,000 rebuild cost, expect roughly $1,850 a year (about $155 a month) at national-average rates — but this ranges from around $700 in low-risk states like Hawaii and Vermont to $4,000 or more in high-risk states like Oklahoma, Nebraska, and Texas. Age, construction, deductible, and credit also move the number.
The 80% rule means your dwelling coverage should equal at least 80% of your home’s replacement cost. Insure for less and your company can apply a coinsurance penalty, paying only a fraction of a partial-loss claim. For example, insuring a $400,000 rebuild for just $280,000 (70%) could cut a $50,000 claim payout to about $43,750, leaving you to cover the rest plus your deductible. Enter a replacement cost in the calculator to check your ratio.
Set your dwelling coverage to your home’s full replacement (rebuild) cost, not its market price. Personal property coverage is usually 50–70% of the dwelling amount, loss-of-use about 20%, and most experts recommend $300,000–$500,000 in liability. Aim to insure to at least 100% of replacement cost so you satisfy the 80% rule with room to spare.
The biggest drivers are: (1) location and its weather risk; (2) dwelling/replacement cost; (3) home age and condition; (4) construction type; (5) your deductible; (6) claims history; and (7) in most states, your credit-based insurance score. Roof age, pools, dogs, and proximity to a fire station or coast also matter.
Raise your deductible (from $1,000 to $2,500 can save 10–15%), bundle home and auto (about 10%), add a monitored security system (about 7%), improve your credit where allowed, stay claims-free, and shop multiple insurers each year. Updating an old roof, wiring, or plumbing can also cut your rate.
In 2026 the priciest states are Oklahoma (about $7,255/yr), Nebraska, and Kansas, followed by Texas and Arkansas — driven by tornadoes, hail, and severe convective storms. Coastal states like Florida and Louisiana also see high and volatile rates because of hurricane risk. The cheapest are Hawaii, Vermont, and Delaware.
No state legally requires homeowners insurance, but virtually every mortgage lender requires it as a loan condition. If you own your home outright, coverage is optional but strongly recommended to protect your largest asset.
A standard HO-3 policy covers your dwelling (the structure), personal property (belongings), liability (injuries and lawsuits), loss of use / additional living expenses (temporary housing), and small medical payments for guests. It typically does NOT cover floods, earthquakes, or normal wear and tear — those need separate policies or endorsements.