How to Calculate Property Insurance Rate per $100

Understanding your property insurance rate per $100 of insured value helps you compare policies and budget efficiently. Follow these steps to estimate your actual cost.

1. What Is the Rate per $100?

Insurance quotes often use a rate per $100 of insurable value—the cost to insure $100 in property value. Multiply this rate by your total covered value to estimate your premium.

Formula:

2. Key Elements to Include

When calculating, consider:

• Replacement cost: The rebuild or repair value of your structure or contents

• Building rating/deductible: Higher deductibles reduce premiums

• Location risk: Flood, fire, and theft zones increase rates

• Coverage type: Different policies (e.g. replacement cost vs actual cash value) use different rates

3. Example Calculation

• Insured value: $250,000

• Rate: $0.30 per $100

You can adjust the rate for other factors or different deductible levels.

4. Rate Comparison Table

Different insurers and regions may use slightly different rates—between $0.20 and $0.50 per $100.

5. Tips for Accurate Premium Estimates

• Always confirm you’re using replacement cost, not market value

• Ask about any credits or policy discounts—like safety systems or bundling

• Make sure the rate is adjusted for your chosen deductible amount

• Compare quotes using the same insured value to evaluate providers fairly

Final Takeaway

Calculating your property insurance rate per $100 is straightforward:

1. Identify your total insured value

2. Divide by 100 to get rate units

3. Multiply those units by the per‑$100 rate

That gives a reliable estimate of your annual premium.

Need help estimating or comparing property insurance rates?
With over 30 years of experience and access to nearly 100 carriers, THAgency will find accurate rate quotes tailored to your property type and coverage needs. Send your request now—fast, transparent, and no obligation.