Home insurance coverage calculator
Calculate how much dwelling coverage you actually need based on your home rebuild cost — not its market value.
Home insurance coverage calculator
Calculate the right dwelling coverage amount based on your home's rebuild cost — not its market value.
Estimated replacement value of furniture, electronics, clothing, appliances, etc.
This is an estimate for informational purposes only based on national and state averages. Actual rates vary by insurer and individual circumstances. For an accurate quote, contact a licensed insurance agent.
The rebuild cost vs market value distinction
One of the most common home insurance mistakes is setting dwelling coverage equal to your purchase price or current market value. Your home insurance does not need to cover the land value, the neighborhood premium, or the appreciation since you bought. It only needs to cover the cost to demolish and rebuild the physical structure. In expensive real estate markets, this can be 40-60% of market value.
How rebuild cost is calculated
Rebuild cost is primarily a function of square footage times local construction cost per square foot. Regional construction costs vary from roughly $100/sqft in low-cost markets to $250+/sqft in high-cost markets. The finishes and construction type matter too: custom tile, hardwood floors, and high-end cabinetry add to rebuild cost. The age of the home matters for code compliance costs — older homes often require upgrading to current codes during rebuilds.
Inflation and the coverage gap
Construction costs have increased substantially since 2020. A home insured adequately in 2019 may now be significantly underinsured at the same coverage amount. Review your dwelling coverage annually and after any major renovation. Your insurer may offer automatic inflation adjustment riders that increase your coverage limit each year in line with construction cost indices — these are worth adding.