Home Insurance Cost Calculator

Enter your state and the cost to rebuild your house, then the things insurers rate — deductible, construction, roof and home age, claims, bundling, storm exposure, credit — for an annual and monthly premium estimate against your state’s average.

Homeowners insurance is priced on the cost to rebuild the house, not what you paid for it, so start with dwelling coverage: type it if you know it, or enter the living area and press Use rebuild estimate to fill it from the rebuild cost index for your state. The other inputs are the factors every insurer rates — deductible, construction, home and roof age, claims history, bundling, storm or wildfire exposure and credit — each applied as a typical percentage. The slider at the bottom lifts the 2022 base to today’s prices; +25% is the national average increase since then.

How much is homeowners insurance?

The average homeowners policy cost $1,569 a year in 2022 — $131 a month — in the latest National Association of Insurance Commissioners (NAIC) data, and premiums have risen roughly 20–30% since, putting the typical 2026 policy near $1,960. The range is enormous: under $1,000 in Oregon, Utah and Nevada; over $2,500 in Louisiana and Florida before the post-2022 increases that pushed Florida’s average above $4,000. Renters pay about $171 a year. A standard $300,000 house in Texas with a $1,000 deductible comes out near $2,996 in the calculator.

Three things explain most of the spread: where the house is (hurricanes, hail, wildfire and, increasingly, reinsurance prices), what it would cost to rebuild, and who you are to the insurer — claims history, credit, and whether you also give them your car. The sections below put numbers on each.

Average cost of homeowners insurance by state

The table ranks all 50 states and D.C. by the NAIC’s 2022 average HO-3 premium (the standard owner-occupied policy), with the renters average and the premium as a share of the state’s current median home value. Florida ($2,677), Louisiana ($2,603) and Texas ($2,397) lead on hurricanes and hail; Oklahoma, Colorado and Nebraska follow on hail and tornadoes. The cheapest states — Oregon, Utah, Wisconsin, Nevada, Ohio — have mild weather and, in the West, low wildfire exposure outside specific zones. The last column is the useful one for budgeting: Louisiana, Mississippi and Oklahoma homeowners pay over 1% of their home’s value every year; Californians, with expensive houses and (until the 2025 fires) moderate premiums, pay about 0.2%.

Two cautions. The averages are per policy, not per $1,000 of coverage, so part of California’s or Hawaii’s ranking is simply bigger policies on dearer houses. And a state average hides the coast: a Houston home pays well above the Texas figure and an Amarillo home below it, which is what the exposure setting in the tool adjusts.

What drives your premium: the rating factors

Insurers start from a base rate for your territory (ZIP-level, which is why a “home insurance calculator by ZIP code” exists) and multiply it by factors for the house and the policyholder. The percentages below are typical of published rate filings and industry surveys; your insurer’s exact factors differ, but the direction and rough size hold.

Worked example: the same $350,000 house in Texas, three ways

A 20-year-old frame house with a $1,000 deductible, a 10-year roof, no claims, good credit and typical exposure: $3,363 a year. The best case — brick, built in the last decade, new roof, $2,500 deductible, excellent credit, bundled with auto — drops to $1,725. The worst case — a 40-year-old frame house in the hail belt with a 20-year roof, one claim, fair credit and a $500 deductible — is $7,398. Same coverage, a 4.3× spread; roof age and credit do most of it.

Deductible vs. premium: the trade-off in dollars

Raising the deductible is the one lever that costs nothing up front. The question is how many claim-free years it takes for the premium saving to cover the extra out-of-pocket on a single claim. For a $350,000 Texas house at 2026 prices:

The $2,500 deductible pays for itself if you go about 4.5 years without a claim, which most households do — the industry average is one claim every nine to ten years. Beyond $2,500 the saving per dollar of deductible shrinks, so $5,000 only makes sense with ample savings. In hurricane and hail states the separate percentage wind deductible is usually mandatory: 2% of a $400,000 dwelling limit is $8,000 you pay on a storm claim before the insurer does, and it is why the calculator discounts those options less than a flat $5,000.

Replacement cost vs. market value: how much coverage you need

Dwelling coverage should equal the cost to rebuild the house from the foundation up, which is not its market value: the market price includes the land and reflects demand, while rebuild cost is labor and materials. In a cheap-land state a 2,000 sq ft house might sell for $260,000 and cost $280,000 to rebuild; in coastal California the same house sells for $1.2 million and rebuilds for $400,000. The rule of thumb is $150 per square foot nationally for standard finishes, scaled by the state construction index — $140 in Texas, $250 in California, $329 in Hawaii — which is what the “Use rebuild estimate” button applies. Custom and luxury homes run $250–340 per sq ft; the rebuild cost calculator and the state pages (for example cost to rebuild a house in Texas) handle those tiers.

Being under-insured is expensive twice. Most policies carry an 80% coinsurance clause: insure for less than 80% of replacement cost and partial claims are paid pro rata. And after a regional disaster, rebuild costs spike 20–40% (“demand surge”), which is what the extended replacement cost endorsement (typically 125–150% of the dwelling limit, a few percent extra premium) covers. Check the limit every two years — construction costs rose about 35% from 2020 to 2024.

Hurricane, hail and wildfire markets: Florida, Louisiana, California, Colorado

Since 2022 the insurance market in catastrophe-exposed states has changed more than the NAIC averages show. Florida’s average premium passed $4,000 in 2024 by most industry estimates, several national carriers left, and the state-backed Citizens Property Insurance became the largest insurer before depopulating again as new regional carriers entered. Louisiana went through the same cycle after Hurricanes Laura and Ida. California saw State Farm, Allstate and others pause new policies in 2023–2024; the FAIR Plan (the insurer of last resort, with fire-only coverage and high prices) more than doubled in size, and the 2025 Los Angeles fires brought rate increases of 17–30% for the carriers that stayed. Colorado’s hail losses have produced some of the steepest premium growth outside the Gulf, and roof-age rules are strictest there.

If you are buying in one of these markets, get an insurance quote before you waive contingencies: a $6,000 premium on a $500,000 house is a $500-a-month line item that a lender will count in your debt-to-income ratio alongside the mortgage — run it in the monthly payment by home price tool. A new roof, impact-rated windows or a wildfire-hardened exterior (Class A roof, ember-resistant vents, 5 ft of non-combustible zone) each earn documented discounts of 5–20% and sometimes decide whether you can get a standard policy at all.

How to lower your homeowners insurance

1. Re-shop every two years. Rate changes are uneven across carriers; the gap between the cheapest and dearest quote on the same house is routinely 40–60%. Use an independent agent in catastrophe states.
2. Raise the deductible to $2,500 once you have that much in savings (table above).
3. Bundle home and auto for the 10–15% multi-policy discount — then check the auto side did not go up to pay for it.
4. Replace a 15+-year roof before the insurer forces the issue; impact-resistant shingles (Class 4) earn 5–30% off the wind/hail portion in hail states.
5. Fix your credit where it is rated: moving from fair to good is worth about 20%.
6. Do not file small claims. A $2,000 claim raises the premium 15% for three to five years and can exceed its own payout; use the policy for losses above $5,000.
7. Insure to rebuild cost, not to the mortgage balance or purchase price. Over-insuring on an expensive lot wastes premium; under-insuring triggers coinsurance penalties.
8. Ask for the discounts: monitored alarm, water-leak sensors, new wiring/plumbing, retirement age, claims-free, paperless and pay-in-full each shave 2–10%.