Finance calculators

Homeowners Insurance Calculator

Updated Sep 27, 2026 By Infinity Calculator
Rate Formulas Sources
Location
ZIP Code
State: Georgia
Please enter a valid 5-digit ZIP code
Home Details
Home Replacement Cost ? This is the cost to rebuild your home from scratch, not the market sale price. It typically excludes land value.
Square Footage
Year Built
Enter a year between 1800 and 2025
Property Type
Construction Type
Number of Stories
Roof Type
Roof Age (Years)
Coverage Options
Deductible ? Higher deductibles reduce your premium but increase your out-of-pocket cost when filing a claim.
$1,000
$500$2,500$5,000$10,000
Liability Coverage
Medical Payments to Others
Discounts & Risk Factors
Credit Score Range
Claims History (Past 5 Years)
Available Discounts
Swimming Pool
Dog Breed (Liability Risk)
Estimated Annual Premium
$1,842
$153.50 / month
Dwelling (Coverage A)
$300,000
Personal Property
$150,000
Liability
$300,000
Deductible
$1,000
Recommended Coverage Breakdown
Coverage A – Dwelling ? Covers the cost to repair or rebuild your home's structure after a covered loss. $300,000
Coverage B – Other Structures ? Covers detached structures like garages, fences, and sheds. Typically 10% of Coverage A. $30,000
Coverage C – Personal Property ? Covers your belongings (furniture, electronics, clothing). Typically 50-70% of Coverage A. $150,000
Coverage D – Loss of Use ? Covers additional living expenses if your home is uninhabitable. Typically 20% of Coverage A. $60,000
Coverage E – Liability $300,000
Coverage F – Medical Payments $5,000
Premium Breakdown
How Your Factors Affect Your Premium
Deductible Comparison
Your Discount Summary
Total Discounts Applied -$0
Premium Projection (5 Years)
Ways to Lower Your Premium
  • Increase your deductible to lower monthly costs
  • Bundle home and auto insurance for up to 20% savings
  • Install a security system and smart smoke detectors
  • Maintain a claims-free history for loyalty discounts
  • Improve your credit score to qualify for better rates

Introduction

Homeowners insurance protects your home and belongings from damage, theft, and disasters. But figuring out how much coverage you need, and what it might cost, can be confusing. Our Homeowners Insurance Calculator makes it simple. Just enter basic details about your home, like its value, location, and the type of coverage you want. The calculator will give you a quick estimate of your yearly insurance premium. This helps you plan your budget and compare options before you talk to an insurance agent. Knowing your estimated cost ahead of time puts you in control and helps you make smarter choices when picking a policy.

How to Use Our Homeowners Insurance Calculator

Enter details about your home and coverage needs below. The calculator will estimate your annual homeowners insurance premium so you can plan your budget.

ZIP Code: Enter your 5-digit ZIP code. Where you live affects your rate because some areas have higher risks from weather, crime, or distance from a fire station.

Home Replacement Cost: Enter what it would cost to rebuild your home from scratch. This is not the same as its market value, which includes the land.1 The calculator uses this figure as your dwelling coverage and sets your other coverages as a share of it.

Square Footage and Year Built: Enter the size of your home and the year it was built. The premium is often higher for older homes than for newer ones.1

Property Type: Pick single-family home, townhouse, condo, mobile or manufactured home, or multi-family.

Construction Type: Choose wood frame, masonry or brick, steel frame, or concrete. Brick and masonry homes usually cost less to insure than wood frame homes.1

Number of Stories, Roof Type and Roof Age: Pick how many stories your home has, what the roof is made of, and how old the roof is.

Deductible: Use the slider to choose the amount you would pay out of pocket on a claim. A higher deductible lowers your premium, but it means you pay more when you file a claim.1 Make sure you have enough set aside in an Emergency Fund to cover your deductible if you need to file a claim.

Liability Coverage and Medical Payments to Others: Pick how much liability protection you want and how much medical payments cover you want for guests hurt on your property.

Credit Score Range: Choose the range your credit score falls in. In many states, insurers use your credit history to set your price.1

Claims History: Pick how many claims you filed in the past 5 years. More past claims can raise your premium because insurers see you as a higher risk.

Available Discounts, Swimming Pool and Dog Breed: Tick the discounts that apply to you, such as an alarm system, smoke detectors or bundling with auto insurance, and say whether you have a pool or a higher-risk dog breed.

Understanding Homeowners Insurance

Homeowners insurance is a type of policy that protects your home and belongings from damage or loss. If something bad happens, like a fire, a storm, or a break-in, your insurance helps pay for repairs or replacements. Most mortgage lenders require you to have homeowners insurance for as long as you have a mortgage.1 When budgeting for homeownership, remember that insurance is just one piece of the puzzle alongside your property taxes and closing costs.

What Does Homeowners Insurance Cover?

A standard homeowners insurance policy usually covers four main things:

  • Dwelling coverage: This pays to repair or rebuild the structure of your home if it gets damaged.1
  • Personal property coverage: This helps replace your belongings, like furniture, electronics, and clothing.1
  • Liability coverage: This protects you if someone gets hurt on your property and decides to sue you.1
  • Additional living expenses: This pays for a temporary place to stay if your home is too damaged to live in.1

What Affects the Cost of Homeowners Insurance?

Several factors determine how much you pay for homeowners insurance each year. The value of your home is the biggest factor. A more expensive home costs more to insure. Your location matters too. Homes in areas prone to hurricanes, tornadoes, or flooding typically have higher premiums. The age of your home, the materials it's built with, your credit score, and even the breed of your dog can all affect your rate.1

How Deductibles Work

Your deductible is the amount of money you pay out of your own pocket before your insurance kicks in.1 For example, if you have a $1,000 deductible and your claim is for $5,000 in damage, you pay $1,000 and your insurance pays the remaining $4,000. Choosing a higher deductible lowers your monthly premium, but it means you'll pay more upfront when you file a claim.1

Tips for Saving on Homeowners Insurance

There are simple ways to lower your insurance costs. Bundling your homeowners and auto insurance with the same company often earns you a discount.1 Installing security systems, smoke detectors, and deadbolt locks can also reduce your premium.1 Shopping around and comparing quotes from multiple insurers is one of the best ways to make sure you're getting a fair price.1

Formulas used

Base Premium
P_{\text{base}} = \frac{\text{Home Replacement Cost}}{1{,}000} \times 3.50
Adjusted Premium (All Risk Factors)
P_{\text{adj}} = P_{\text{base}} \times F_{\text{state}} \times F_{\text{age}} \times F_{\text{property}} \times F_{\text{construction}} \times F_{\text{roof}} \times F_{\text{stories}} \times F_{\text{deductible}} \times F_{\text{liability}} \times F_{\text{credit}} \times F_{\text{claims}} \times F_{\text{pool}} \times F_{\text{dog}}
Discount & Final Annual Premium
P_{\text{annual}} = P_{\text{adj}} - P_{\text{adj}} \times \frac{\sum D_i}{100}
Monthly Premium
P_{\text{monthly}} = \frac{P_{\text{annual}}}{12}
Standard Coverage Amounts (B, C, D) 1
\text{Cov B} = 10\% \times \text{Cov A}, \quad \text{Cov C} = 50\% \times \text{Cov A}, \quad \text{Cov D} = 20\% \times \text{Cov A}
5-Year Premium Projection
P_{\text{year } n} = P_{\text{annual}} \times (1.04)^{n-1}, \quad n = 1, 2, \ldots, 5

Frequently asked questions

What is the difference between home market value and replacement cost?

Market value is what your home would sell for today, including the land.1 Replacement cost is how much it would cost to rebuild just the house from scratch. Insurance uses replacement cost because it only covers the structure, not the land.1 Replacement cost can be higher or lower than market value depending on where you live and construction costs in your area.

What is Coverage A vs Coverage B vs Coverage C?

Coverage A (Dwelling) pays to repair or rebuild your home's structure. Coverage B (Other Structures) covers detached buildings like sheds, fences, and garages, and it is usually set at 10% of Coverage A.1 Coverage C (Personal Property) covers your belongings like furniture, clothes, and electronics, typically 50% of Coverage A.1

What is Coverage D (Loss of Use)?

Coverage D pays for extra living costs if your home is too damaged to live in after a covered event.1 This can include hotel bills, restaurant meals, and other expenses above your normal costs. It is usually set at about 20% of your dwelling coverage amount.1

Why does my ZIP code affect my insurance premium?

Your ZIP code tells insurers about the risks in your area. Places with more hurricanes, tornadoes, hail, wildfires, or crime tend to have higher premiums. States like Florida, Louisiana, and Texas usually cost more to insure than states like Vermont or Idaho because of weather-related risks.

How much does credit score affect homeowners insurance?

Credit score has a big impact. Someone with excellent credit (750+) can pay about 15% less than someone with good credit. A person with poor credit (below 650) may pay 35% more than the base rate. Most states allow insurers to use credit-based insurance scores when setting prices.2

Should I choose a higher deductible to save money?

A higher deductible lowers your annual premium.1 For example, going from a $1,000 to a $2,500 deductible can save about 12%. But you must be able to pay that amount out of pocket if you file a claim. Only raise your deductible if you have enough savings to cover it.

Does homeowners insurance cover flooding?

No. Standard homeowners insurance does not cover flood damage.1 You need a separate flood insurance policy, usually through the National Flood Insurance Program (NFIP) or a private flood insurer.1 If you live in a flood zone, your mortgage lender will likely require flood insurance.1

Does homeowners insurance cover earthquakes?

No. Earthquake damage is not covered by a standard homeowners policy.1 You need to buy a separate earthquake insurance policy or endorsement. This is especially important if you live in states like California, Alaska, or other earthquake-prone areas.

How does roof age and type affect my premium?

A newer roof in good shape can lower your premium because it is less likely to leak or get damaged. A roof over 15–20 years old can increase your cost by 10–20%. Metal and slate roofs tend to get lower rates because they last longer and resist damage. Wood shake roofs cost more to insure because they are a fire risk.

What discounts can lower my homeowners insurance?

Common discounts include bundling home and auto insurance (up to 15–20% off), having a security system (about 5% off), smoke detectors (2% off), deadbolt locks (2% off), being a non-smoker (3% off), and wind mitigation features (up to 10% off). Ask your insurer about all available discounts.

How do past claims affect my insurance cost?

Filing claims raises your premium. One claim in the past five years can increase your rate by about 15%. Two claims can add about 30%, and three or more can add 50% or more. Keeping a clean claims history is one of the best ways to keep your premium low.

Does having a pool increase my homeowners insurance?

Yes. A swimming pool increases your liability risk because someone could get injured.1 An unfenced pool can add about 10% to your premium. A fenced pool adds about 4%. Most insurers require a fence with a locking gate around your pool.

Does owning a dog affect my homeowners insurance?

It can. High-risk dog breeds like pit bulls or Rottweilers can increase your premium by about 8% because they pose a higher bite liability risk. Some insurers may refuse to cover certain breeds entirely.1 Low-risk breeds may add only about 2%.

What is liability coverage and how much do I need?

Liability coverage pays for injuries or damage you cause to others.1 If a guest slips on your steps and sues you, liability coverage pays for their medical bills and legal fees. A common starting point is at least $300,000. If you have significant assets to protect, consider $500,000 or $1,000,000.

How does construction type affect my insurance rate?

Homes made of fire-resistant materials cost less to insure. Concrete and steel frame homes get the lowest rates because they resist fire, wind, and impact. Masonry and brick homes also get lower rates.1 Wood frame homes cost more to insure because wood burns more easily.

Is condo insurance cheaper than single-family home insurance?

Yes, usually much cheaper. Condo owners only need to insure the interior of their unit and their belongings.1 The condo association's master policy covers the building's structure. This calculator shows condo premiums at roughly 40% less than a comparable single-family home.

Sources

  1. A Consumer's Guide to Home Insurance. National Association of Insurance Commissioners. 2022. Accessed September 27, 2026.
  2. Credit-Based Insurance Scores. National Association of Insurance Commissioners, Center for Insurance Policy and Research. 2024. Accessed September 27, 2026.

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