Homeowners Insurance Estimator
Estimate homeowners insurance premium by home value, risk level, and deductible.
By Konstantin Iakovlev · Updated September 2026 · Source: NAIC — Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023
Annual Premium
$1,400.00
Monthly
$116.67
Per $1K Coverage
$4.00
Deductible Comparison
| $1,000.00 | $1,610.00/yr |
| $2,500.00 | $1,400.00/yr |
| $5,000.00 | $1,260.00/yr |
| $10,000.00 | $1,120.00/yr |
Use the Homeowners Insurance Estimator above to calculate your results. Enter your values and see instant results — all calculations run in your browser.
Disclaimer: This calculator is for informational purposes only and does not constitute tax, financial, or legal advice. Results are estimates based on the information you provide and current rates. Always consult a qualified tax professional or financial advisor for advice specific to your situation.
How It Works
A homeowners premium turns on a handful of variables, namely the value of the home, the risk it carries, and the deductible you select, and this tool projects an annual figure from those inputs. A grounded estimate helps you budget and weigh coverage choices before renewal arrives.
Pricing begins with a base rate of 0.4% of home value, which is multiplied by 0.8 for a low-risk location, 1.0 for medium and 1.5 for high, and by 1.15 if you choose an HO-5 policy instead of an HO-3. The deductible then scales the result: × 1.15 at $1,000, × 1.0 at $2,500, × 0.9 at $5,000 and × 0.8 at $10,000. To make it concrete, a $250,000 home in a medium-risk area on an HO-3 policy has a $1,000 base, and with a $1,000 deductible the estimate is $1,000 × 1.15 = $1,150 a year. For comparison, the NAIC's latest homeowners report put the 2023 countrywide average HO-3 premium at $1,737.
Where many homeowners go wrong is pegging coverage to market price rather than the true replacement cost, which can leave a policy short when it matters. Raising the deductible does pull the premium down, but it also shifts more cost onto you at claim time. Pulling quotes from several providers is the way to see how the same home prices out across the market.
Example: Standard Home in a Medium Risk Zone
- 1 Input: Home Value $350,000, Location Risk Medium, Deductible $2,500, Coverage Type HO-3.
- 2 Base premium: 0.4% of $350,000 = $1,400. Medium risk (× 1.0), HO-3 and the $2,500 deductible (× 1.0) leave it at $1,400.
- 3 Estimated annual premium: $1,400, or $116.67 a month and $4.00 per $1,000 of coverage. The deductible comparison shows $1,610 at $1,000, $1,260 at $5,000 and $1,120 at $10,000.
- 4 This estimate provides a starting point for your insurance planning. Actual premiums will vary based on specific insurer underwriting, local catastrophes, and additional coverage options you choose, such as flood or earthquake insurance, which are often separate policies.
Source: NAIC — Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 · Last updated: September 2026
Frequently Asked Questions
How much does homeowners insurance cost per year?
What does homeowners insurance cover?
How can I lower my homeowners insurance premium?
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