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Home Insurance Calculator

Estimate how much coverage to ask for. A 2,000 square foot home at $200 per square foot needs about $400,000.00 of dwelling coverage, and $600,000.00 of coverage in total.

How the home insurance calculator works

Home insurance should cover the cost to rebuild your house, not its market value, because land value does not burn down. This calculator multiplies your home size by a rebuild cost per square foot that you supply, adds contents coverage as a share of the dwelling, and shows what your quoted premium costs per $1,000 of coverage.

The formulas

Dwelling coverage = Square feet x Rebuild cost per sq ft
Contents = Dwelling x Contents %
Premium per $1,000 = Annual premium / (Dwelling / 1,000)

Example: 2,000 sq ft x $200 gives $400,000.00 dwelling coverage. Contents at 50 percent add $200,000.00, for $600,000.00 in total. A $1,800 annual premium is $150.00 a month and $4.50 per $1,000 of dwelling coverage.

Notes and limits

  • The $200 per square foot default is an illustration. Local rebuild costs vary a lot, so ask a contractor or your insurer.
  • Premiums depend on location, deductible, claims history and more. This tool does not predict a premium.
  • Check policy limits and exclusions, such as flood, which is usually separate.

Figures are estimates for planning and are not financial advice. Check your own agreement or statement for exact terms.

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    Frequently asked questions

    How much home insurance do I need?

    Enough to rebuild the home at local costs. Multiply size by the rebuild cost per square foot, then add contents and other coverage. Default: $400,000.00.

    Is it based on market value?

    No. It is based on replacement cost, since land is not insured.

    What is contents coverage?

    Coverage for belongings. Many policies set it as a share of the dwelling coverage; check yours.

    Does this calculate my premium?

    No. It shows the cost per $1,000 of the premium you were quoted.

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