Homeowners insurance estimate
Estimate your homeowners insurance premium based on your home's value, location, deductible, and coverage options.
Renters insurance estimate
Estimate renters insurance costs and determine how much personal property coverage you may need.
How homeowners insurance premiums are calculated
Insurers price a homeowners policy primarily off your home's replacement cost — what it would cost to rebuild it today, not its market value or the land it sits on — then adjust for risk factors like construction type, roof age, location, safety features, and the coverage limits and deductible you select. A newer brick home with a security system and a $2,500 deductible will typically cost noticeably less to insure than an older wood-frame home with a low deductible in a higher-risk area.
What does homeowners insurance cover?
Dwelling coverage
Pays to repair or rebuild the physical structure of your home if it's damaged by a covered peril like fire or wind — this is usually set to your home's replacement cost, not its market value.
Other structures
Covers detached structures on your property such as a fence, shed, or detached garage, typically set at around 10% of your dwelling coverage.
Personal property
Covers your belongings — furniture, electronics, clothing — usually set as a percentage of your dwelling coverage, commonly 50–100%.
Liability coverage
Protects you financially if someone is injured on your property or you accidentally damage someone else's property, and pays for your legal defense if you're sued.
Medical payments
Covers minor medical bills for a guest injured on your property, regardless of fault, without the need for a liability claim.
Loss of use
Pays for additional living expenses — like a hotel and meals — if your home becomes temporarily uninhabitable after a covered loss.
What does renters insurance cover?
Renters insurance covers your personal belongings against covered perils like fire, theft, and water damage, provides liability protection if someone is injured in your rental or you accidentally damage someone else's property, and includes additional living expenses if you need to temporarily relocate. It does not cover the building itself — that's your landlord's insurance.
How much home insurance do I need?
Your dwelling coverage should match your home's full replacement cost, not its market value, so you can fully rebuild after a total loss. From there, most homeowners choose personal property coverage between 50–100% of the dwelling amount and liability limits of at least $300,000, which better reflects the cost of a serious lawsuit than the state-minimum-style $100,000 limit.
Ways to lower your insurance premium
Raising your deductible, installing a monitored security system and smoke detectors, bundling home and auto with the same insurer, maintaining a claims-free history, and asking about smart home device discounts are among the most reliable ways to reduce your premium without giving up meaningful coverage.
Homeowners vs. renters insurance
| Feature | Homeowners insurance | Renters insurance |
|---|---|---|
| Covers the building/structure | Yes | No — covered by landlord's policy |
| Covers personal belongings | Yes | Yes |
| Includes liability protection | Yes | Yes |
| Covers additional living expenses | Yes (loss of use) | Yes (additional living expenses) |
| Typical annual cost | Higher — tied to rebuild cost | Lower — tied to belongings value |
| Usually required by | Mortgage lender | Some landlords |
