Home Insurance Calculators & Tools

The national average is around $1,400–$1,800 per year, but costs vary widely by state, home value, age, and construction type. Florida and Texas homeowners pay significantly more due to hurricane and weather risks. Use our Homeowners Insurance Estimator for a personalized estimate.

Market value includes land and reflects what a buyer would pay. Replacement cost is what it would cost to rebuild your home with similar materials and quality after a total loss — and is typically what insurance covers. You should insure for replacement cost, not market value. Use our Replacement Cost Estimator to find the right number.

No — standard homeowners insurance (HO-3) does not cover flooding. Flood coverage requires a separate NFIP or private flood insurance policy. If you live in or near a flood zone, this coverage is essential. Use our Flood Insurance Calculator to estimate the cost.

You can request PMI removal when your loan balance reaches 80% of the original home purchase price (20% equity). Lenders must automatically cancel PMI at 78% LTV. If your home has appreciated significantly, you may be able to remove PMI sooner with a new appraisal. Our PMI Removal Date Calculator shows exactly when you'll hit that threshold.

Absolutely — renters insurance typically costs just $15–$30 per month and covers your personal belongings, liability protection, and additional living expenses if your apartment becomes uninhabitable. Most renters significantly underestimate the value of their belongings. Use our Personal Property Calculator to add up your possessions.