Insurance Calculator Estimate premiums, optimize coverage, and avoid costly gaps — for auto, home, life, and health insur...
Insurance Calculator
Estimate premiums, optimize coverage, and avoid costly gaps — for auto, home, life, and health insurance.
Auto: Based on state laws, driving record, credit-based insurance score (in most states), car type, and coverage level. → Full coverage on a $25K car: ~$1,200/yr; liability only: ~$600/yr.
Homeowners: Rebuild cost (not market value!), location risk (fire, flood, wind), claims history, and credit. → $350K home in FL: $4,000+/yr; same in OH: $1,200.
Life: Age, health, smoking, term length, and amount. Term is pure protection; whole life adds cash value (but 5–10× more expensive). → $500K, 30-yr term, non-smoker: $20–$30/mo at age 35.
Health: Age, location, plan type, tobacco use (ACA), and metal tier (Bronze to Platinum). HDHPs have lower premiums but higher out-of-pocket risk.
⚠️ Avoid these costly mistakes:
- Auto: Dropping UM/UIM (uninsured motorist) — 1 in 8 drivers are uninsured.
- Home: Insuring at *market value* instead of *rebuild cost* — can leave you underinsured after a total loss.
- Life: Using salary × 10 rule — ignores debt, college, and inflation. Use **DIME**: Debt + Income × 8 + Mortgage + Education.
- Health: Choosing low-deductible plan without subsidy — HDHP + HSA saves $1,000+/yr for healthy users.
✅ Pro Tip: Bundle home + auto for 15–25% discount. Raise deductibles to lower premiums — invest the savings.
| Type | Average Annual Premium | Notes |
|---|---|---|
| Auto (Liability) | $650 | State minimums; varies by state |
| Auto (Full) | $1,771 | NAIC 2024 national avg |
| Homeowners | $1,500 | III; $3,500+ in high-risk states |
| Term Life ($500K) | $360/yr | 30-yr term, non-smoker, 35yo (LIMRA) |
| Health (ACA Silver) | $5,400 | Before subsidies; 27yo, $50K income |
📉 Cost-Saving Trends: • Usage-based auto insurance (Progressive Snapshot): save 10–30% • Quote comparison: 2+ insurers = 22% avg. savings (J.D. Power) • HSA contributions: $4,300 individual / $8,550 family (2025 limit)
➡️ Auto
See how deductibles and coverage levels change premiums and out-of-pocket risk.
➡️ Home / Renters
Determine dwelling coverage (rebuild cost) and liability limits.
➡️ Life
Calculate needs-based coverage using the DIME method (Debt, Income, Mortgage, Education).
➡️ Health
Compare annual total cost: premium + deductible + coinsurance.
Note: Estimates based on national averages. Contact an agent for personalized quotes.