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Insurance cost and coverage calculators
Compare what you pay, what you may owe after a loss, and where coverage limits could leave a gap. Enter your own policy figures—these tools do not generate insurance quotes or predict claims.
How to use these tools
Start with numbers from an actual insurance quote, declarations page, or benefits summary. A deductible is not the same as a premium; limits, exclusions, copays, coinsurance, and maximums can change what you owe.
These six calculators are independent planning scenarios. They do not replace policy documents, licensed advice, or an insurer’s claim determination.
1. Annual premium budget
Convert a monthly premium into an annual amount and include an expected annual increase.
Assumes 12 equal monthly payments; taxes, installment fees, and midterm changes are excluded.
2. Premium versus deductible comparison
Compare two plans for one hypothetical covered claim. Enter each plan’s annual premium and deductible, plus the allowed covered loss.
Simplified model: insurer pays eligible covered costs above deductible. Actual health, property, and auto policies can have copays, coinsurance, exclusions, or separate deductibles.
3. Deductible break-even check
Find the annual premium savings required to offset the difference in deductibles after a sufficiently large covered claim.
This is a one-claim worst-case deductible comparison, not a probability-based recommendation.
4. Health plan cost-sharing estimate
Model a single covered in-network service after applying an annual deductible and coinsurance. Assumes the entered allowed charge is subject to both.
Simplified estimate: excludes copays, noncovered services, balance billing, separate deductibles, and special benefit rules. The out-of-pocket maximum generally applies only to qualifying covered in-network spending.
5. Life insurance needs estimate
Estimate a starting coverage target from income replacement, debts, major goals, and resources already available.
Undiscounted needs approach. It ignores inflation, investment returns, taxes, survivor benefits, and changing household needs.
6. Property coverage gap
Compare an estimated replacement cost with a policy coverage limit and deductible for a full covered loss.
Illustrative full-loss scenario. Coinsurance clauses, sublimits, depreciation, exclusions, endorsements, and claim settlement terms may change the result.
Reading your results
A lower premium is not always a lower total cost. A policy with a larger deductible may reduce routine payments but require more cash after a claim. A coverage limit is the maximum payable under a particular coverage—not a promise that every loss is covered.
For policy decisions, compare the same coverage types and limits, read exclusions, and confirm whether deductibles apply per event or per year. See the full guide, worked examples, and formulas and assumptions.