Home Insurance Calculator 

Homeowners insurance calculator

AVERAGE COST of home insurance

Try Our FREE Homeowners Insurance Calculator 

NO Personal Information Needed

How Much Does Home Insurance Cost?

One of the main questions anyone looking at buying a home is what is the cost of home insurance.  Or, what is the average monthly cost of home insurance?

Fortunately, we've created a simple to use house insurance calculator that requires no personal information.  You'll be able to quickly see an estimated average cost of homeowners insurance based on the size and build quality of the house.

Check it out HERE

Average home insurance cost

homeowners insurance calculator

Calculating the average cost of home insurance is very important, especially if you are obtaining a home loan or mortgage.  

In some cases your income may not be enough to qualify for the loan and you'll need to find something you can reduce.  Home insurance is one of the only things you can shop for a lower cost in order to help qualify for your loan.

The three things that go into a homeowners mortgage loan are

1. The principal loan amount

2. Real Estate Taxes

3. Home Insurance Premium

Unless you are able to put more money down on a loan the amount you borrow will not change.  Real estate taxes are based on the sale price and future value, later on.  Home insurance is the only thing you can shop for a lower price.

House insurance calculator

Home Insurance Calculator Used By Loan Officers

Mortgage loan officers will use a home insurance calculator to get an estimated cost of your total monthly payment.

Why is the cost of house insurance cost important

The lender already knows how much you need to borrow and what the current taxes will be, but the question is home insurance.

A term that is used in the mortgage lending industry is DTI or debt to income.  DTI is a calculation of your total debt and expenses and your total income.

If your debt to income is too high you will not be able to qualify to purchase the home of your dreams.  Unless you can earn more money quickly and show the lender the ability to increase your monthly income permanently you'll need to find another option.

Reducing your expenses like home insurance is the best way.  The cost of homeowners insurance can sometimes make or break a deal.  

Yes, you can actually not qualify for a home loan if some of your expenses are too high, like home insurance.

How Much Is Homeowners Insurance

Average home insurance cost

So of the more common searches online for the average cost of home insurance include

How much is homeowners insurance on a 150,000 house?

How much is homeowners insurance on a 300,000 house?

Calculating the cost of home insurance is easy regardless if you live in a 1,000 or 10,000 square foot home.  Our two step process gives you a quick estimated cost of homeowners insurance based on two simple entries 1. The size of the home and 2. The build quality.

Is the home a typical neighborhood subdivision home or something more upgraded or even a one off custom build?

How much should home insurance cost?

Try our homeowners insurance calculator now.

How much home insurance do I need?

How much homeowners insurance do I need

Every insurance company has a different way they calculate the amount of insurance you need.  

Insurance companies will use a similar method to calculate the replacement cost of your house.

Some of the factors that will adjust the amount you'll pay or the premium amount is age of home, age of roof, any updates, number of bathrooms, number of garage spaces, any detached buildings, how close are you to the fire department and type of construction.

If you would like an accurate replacement cost of your home and a quote for homeowners insurance click here or the link below.  We will search multiple "A" rated home insurance companies for affordable rates.

Top 5 States Searching for Lower home insurance

When we developed our home insurance cost calculator we were not sure which states would use it the most.  

Well, here are the results... 

1. Texas
2. California
3. Florida
4. Missouri
5. Illinois

Followed by Ohio

These states have found out calculator very useful when buying a new home or simply checking to see if the home insurance premium they are paying is still competitive.

Personal Property Insurance

Another common questions is about contents or personal property coverage.
How much personal property insurance do I get or need?

Personal property is a factor of how much homeowners insurance is purchased on the property.  It's going to be a percentage of the total dwelling limit.  

Let's say the home insurance is $300,000 and the home insurance company automatically provides 50% of coverage A or the dwelling limit.  So, we would take $300,000 X 50% which would equal $150,000 for personal property.

You can request higher amount of coverage or in most cases you can ask for a 75% or 100% limit of the main house (dwelling) limit - or $225,000 to $300,000.

If for some reason you need higher limit than what is provided you can always request your agent or broker get approval.  

You might have antiques or fine art, which should be scheduled and appraised to insure proper coverage in the event of total loss.

Frequently asked home insurance questions

Types of home insurance

There are basically two types of home insurance policies.  One is a full replacement cost policy for like kind and quality value insurance policy.  The other is an ACV or actual cash value policy.  ACV policies take into account depreciation, age and ware and tare.  


What does home insurance cover

Home insurance covers the dwelling, contents and provides liability insurance if someone is injured on the property.  You can add additional coverage for flood, earthquake, sewer back up, and high value personal property.


homeowners insurance estimate

Homeowner's insurance is going to very by the location of the property in the United States.  Some area like coastal locations are more susceptible to hurricanes and flooding.  

You can get an estimate for home insurance HERE free with no personal info needed.  Two simple questions is all that is needed.


rental home insurance

If you have long-term renters occupying your home you'll want to purchase landlord coverage.  This coverage is primarily for the dwelling and you can add additional coverage for any personal property left in the house such as refrigerator, stove, etc.

Another type of home rental insurance would be short-term renting such as Airbnb.  You'll want to contact your insurance provider to see if that endorsement can be added to the existing policy.  Some companies will not cover those types of renting and you will need to purchase new homeowners insurance with a different company.  

Make sure to check the limits and conditions of any policy.  Check with your insurance provider to confirm proper coverage.   Or, if you need quotes click HERE for fast free online quotes today.


About the Author

John Espenschied is a long-time veteran of the insurance industry. He has worked in various positions within the industry for over 20 years, and for the past 15 years, he has been the owner and operator of Insurance Brokers Group, an independent insurance agency. John loves advising people on the insurance that meets their needs and goals, whether it be for personal or commercial purposes.

John is married to Melissa, and they have three children together, as well as three grandchildren. In his spare time, John enjoys golfing and playing in the golf league, biking to their local brewery along the Missouri river, and going on motorcycle rides when the weather is nice.

John Espenschied

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