Free Insurance Calculators —
Know Your Numbers Before You Buy

A common starting point is 10–12 times your annual income. The DIME method is more precise: add your Debts, Income replacement (income times years to replace), Mortgage balance, and Education fund for children. For a $75,000 earner with a $200,000 mortgage, two kids, and $40,000 in other debts, recommended coverage is typically $1.1–$1.4 million. Use the Life Insurance Needs Calculator above for a personalized DIME figure.

Term life covers you for a fixed period and pays a death benefit only if you die during that term. Whole life is permanent, never expires, and builds cash value. Term is typically 5–10× cheaper for the same coverage. A healthy 30-year-old pays about $25–30/month for $500,000 of 20-year term life vs $200–350/month for the same whole life coverage. Most financial planners recommend term for income-replacement needs. Use the Term vs Whole Life Cost Calculator for a personalized 20-year comparison.

The US national average is approximately $1,428/year (about $119/month). Costs vary dramatically by state — Florida averages over $7,000/year due to hurricane risk; Oklahoma, Kansas, and Texas average $3,000–$5,000 due to tornadoes; Hawaii, Oregon, and Utah average under $1,100. Your rate also depends on home value, age, construction type, deductible, and claims history. Use the Home Insurance Estimator for a state-specific estimate.

The US average full-coverage auto insurance premium is approximately $2,058/year ($172/month). Rates range from under $1,000/year in Vermont and Maine to over $3,000/year in Michigan and New York. Your rate depends on age, driving record, vehicle value, coverage level, annual mileage, and state. Getting 3 or more quotes can save $400+/year on average. Use the Car Insurance Estimator for a personalized range before you start shopping.

Yes. Renters insurance typically costs just $15–20/month and covers your personal belongings against theft, fire, and water damage, plus liability protection if someone is injured in your home. About 40% of renters have no coverage at all. Use the Renters Insurance Calculator to find the exact monthly cost for your situation.

The average ACA marketplace Silver plan benchmark premium is about $560/month for a 40-year-old individual before subsidies. About 87% of marketplace enrollees qualify for subsidies that reduce this significantly. Your actual premium depends on age, state, plan tier, household size, and income. Bronze plans cost about 25% less but carry higher deductibles and out-of-pocket maximums. Use the Health Insurance Cost Calculator for a personalized subsidy-adjusted estimate.

Long-term care (LTC) insurance covers costs for nursing homes, assisted living, home health aides, and memory care that Medicare typically does not cover. About 70% of adults over 65 will need some form of long-term care. The average nursing home private room costs $170/day ($62,000/year) and inflates at roughly 4.5%/year. Buying at age 55 costs significantly less than waiting until 65, when premiums can be 70–100% higher. Use the Long-Term Care Cost Calculator to see what care will cost in your future.

Disability insurance replaces a portion of your income if you become too ill or injured to work. Short-term disability covers a few weeks to 6 months; long-term disability takes over after that and can continue until retirement age. Financial planners recommend replacing 60–70% of gross income. One in four workers becomes disabled before retirement — disability insurance is often more important than life insurance for working adults without dependents. Use the Income Replacement Calculator to find your benefit target.

General liability insurance for a small business typically costs $500–$1,500/year for a $1M/$2M coverage limit, depending on industry, revenue, and number of employees. High-risk industries like contractors, medical practices, and childcare pay significantly more. Consulting and technology businesses typically pay the least. A $1M occurrence/$2M aggregate limit is the most common structure for small businesses. Use the Business Liability Estimator for a profile-based range.

Silver plans are generally the best choice if your income qualifies for ACA cost-sharing reductions (100–250% of the federal poverty level), which only apply to Silver plans and can dramatically reduce your deductible and out-of-pocket maximum. For healthier individuals at higher incomes, a Bronze plan paired with a Health Savings Account (HSA) can be cost-effective. Gold and Platinum make sense if you use significant medical care regularly and want more predictable out-of-pocket costs. Use the Health Insurance Cost Calculator to compare all four tiers at your income.

The DIME method is the most comprehensive approach: add up your Debts (excluding mortgage), Income replacement (annual income × years until dependents are self-sufficient), Mortgage balance, and Education costs for children. Add these together and subtract any existing coverage or savings. A $75,000 earner with a $200k mortgage, two kids, and $40k in other debt typically needs $1.1–$1.4 million in coverage. The Life Insurance Needs Calculator walks through every component step by step.

A death benefit is the lump-sum payment made to your beneficiaries when you die. Life insurance death benefits are generally income-tax-free under IRS rules, which is one of the major advantages of life insurance as a financial tool. However, if the benefit is paid into an estate rather than a named beneficiary, it may be subject to estate taxes for large estates. The Life Insurance Payout Calculator shows how long a death benefit will last at different spending and investment return scenarios.

Most standard renters insurance policies cover personal property theft up to your chosen coverage limit, minus your deductible. The average renter has about $30,000 in personal property. Standard policies cover theft at home and often away from home (e.g. a laptop stolen from a car). High-value items like jewelry, cameras, and musical instruments may have sub-limits — typically $1,500–$2,500 — requiring a separate rider for full replacement value. Use the Renters Insurance Calculator to estimate coverage for your specific property value.

The optimal window for purchasing long-term care insurance is typically between ages 50 and 65. Buying at 55 costs significantly less than waiting until 65 — monthly premiums can be 70–100% higher at 65. Waiting too long also risks a health condition that disqualifies you from coverage entirely. Premiums are locked in at the rate for your age and health class at the time you buy, so earlier generally means lower lifetime cost. Use the Long-Term Care Cost Calculator to see how inflation affects future care costs.

The five biggest factors in your auto insurance premium are: your driving record (accidents and violations can increase rates 40–80%), your age (teens and young adults pay 50–100% more than 30–50 year olds), your state (Michigan and New York are 2–3× more expensive than Maine or Vermont), your vehicle’s value and theft risk, and your coverage level. Credit score is also a major factor in most states. Getting 3+ quotes before renewing can save $400/year on average. Use the Car Insurance Estimator to see how each factor affects your estimated premium.