Homeowners Insurance Calculator
Estimate your annual and monthly homeowners insurance premiums.
The national average is about $3.50 per $1,000 of coverage. Rates vary by location, home age, construction type, and deductible.
Monthly Insurance
$116.67
$1,400 per year
💡 Plain English: For a $400,000 home at $4/$1,000 of coverage, expect about $1,400/year ($116.67/mo) in homeowners insurance. Like property taxes, this is usually escrowed into your monthly mortgage payment. Lower your premium with a higher deductible, bundling with auto insurance, or adding security features.
About the Homeowners Insurance Calculator
Homeowners insurance protects your home and belongings against damage and liability. Lenders require it, and the premium is usually collected monthly through your escrow account as part of your PITI payment.
How this calculator works
Enter your home’s dwelling coverage amount and the annual premium rate per $1,000 of coverage. The calculator estimates your annual and monthly insurance cost.
The math, in plain English
Annual premium = dwelling coverage × (rate per $1,000 ÷ 1,000). Monthly portion = annual premium ÷ 12.
Key terms
- •Dwelling coverage — the amount needed to rebuild the home’s structure
- •Liability coverage — protection if someone is injured on your property
- •Premium — the amount you pay for the insurance policy
Tips & things to know
- ✓Shop policies annually — premiums and coverage vary between insurers.
- ✓A higher deductible lowers your premium but increases out-of-pocket costs on a claim.
- ✓Bundle home and auto insurance with one carrier for a multi-policy discount.
Frequently asked questions
How much homeowners insurance do I need?+
Enough to rebuild the home (dwelling coverage), replace belongings, and cover liability. Lenders require at least enough to cover the loan balance.
Is homeowners insurance included in my mortgage?+
Usually yes — the monthly portion is collected into escrow along with taxes.
This calculator is for educational purposes only and uses estimates. Always consult a licensed mortgage professional for advice specific to your situation.