Compare quotes by premium, deductible and limit against a loss scenario you choose.
Quotes are hard to compare because the premium is only one of three numbers that matter. The deductible decides how much you pay first, and the limit decides how much the insurer can pay at most. This tool puts quotes on one scale by asking what a specific loss would cost you under each offer, including the premium you pay for the year.
How to use it. Enter a scenario loss, such as the repair bill for storm damage. Then enter up to three quotes with annual premium, deductible and the coverage limit that would apply to that loss. For a roof or structure loss that is usually the dwelling limit.
The arithmetic. The insurer pays the loss minus the deductible, up to the limit. Your out-of-pocket cost is the loss minus the insurer's payment. The combined figure is the annual premium plus your out-of-pocket cost. The lowest combined number is flagged.
Worked example (illustrative numbers). With a $40,000 loss, a quote at $2,100 and a $1,000 deductible leaves you paying $1,000, for a combined $3,100. A quote at $1,500 with a $5,000 deductible leaves you paying $5,000, for a combined $6,500. In a year with no claim the cheaper premium wins, so also run a second scenario with a loss of zero.
Limits. This is a one-year snapshot of one scenario. It ignores percentage deductibles, sublimits, depreciation on roofs, endorsements, claims handling quality and the chance that a claim raises future premiums. Read how to compare policies fairly before choosing on price alone.
Premiums and Coverage Compared
Compare basic and full homeowners coverage, including HO-2, HO-3 and HO-5 forms, replacement cost versus actual cash value, and the endorsements that close common gaps.
Exclusions, Terms and Claims
A glossary-style guide to declarations pages, deductibles, ACV, RCV, sublimits, endorsements, conditions and other terms that decide what your homeowners policy pays.
Premiums and Coverage Compared
Practical ways to cut your homeowners insurance bill, from shopping and deductibles to discounts and roof upgrades, plus the savings that backfire.
Eligibility, Renewal and Requirements
The costly errors homeowners make when buying or renewing coverage, from choosing on price alone to underinsuring the dwelling, skipping endorsements or misreporting the home.
Eligibility, Renewal and Requirements
How to read a renewal notice, spot signs it is time to switch homeowners insurers, compare offers, avoid coverage gaps and cancel the old policy the right way.
