How to compare homeowners insurance quotes, line by line

Two home insurance quotes can look similar and leave you with very different costs after a loss. Put the terms side by side before deciding which questions to take to an agent. This guide gives you a repeatable comparison process, with a worksheet you can use without creating an account.

By Find Independent Insurance · Updated September 4, 2026 · How we prepare guides

Open the free comparison worksheet

Start with the same home and the same coverage limits

Gather the written quotes and your current declarations page. Check the property, occupancy, policy dates, dwelling limit, belongings, liability, and loss-of-use coverage. Ask why any limits differ. A quote with a lower dwelling limit is not a like-for-like price comparison.

Use the same row labels for every quote: dwelling, personal property, liability, ordinary deductible, wind or hurricane deductible, roof settlement, water-related exclusions, and policy term. Mark an unanswered field as unknown rather than treating it as included.

Source: NAIC: shopping for homeowners insurance.

Put the premium on a common time basis

Record the total premium for the stated policy term—not an installment that leaves out a down payment. A $1,200 six-month premium annualizes to $2,400 if the next six months cost the same. A $2,300 annual premium is $100 lower on that arithmetic basis; it is not necessarily the better policy.

Our worksheet multiplies each term premium by 12 divided by its term in months. It shows the calculation without predicting renewal prices. Enter installment fees or other charges separately in your questions for the agent; the worksheet does not infer them from an advertised monthly payment.

Translate percentage deductibles into dollars

If a quote states a deductible as a percentage of the dwelling limit, identify that basis before calculating it. In an illustrative quote with a $400,000 dwelling limit, 2% is $8,000. It is not 2% of the repair bill. A separate $2,500 ordinary deductible would not make the hurricane deductible $2,500.

Ask the agent when each deductible applies, whether a deductible applies per event or on another basis, and where the answer appears in the policy. The worksheet provides room for both the ordinary and separate deductibles.

Source: Florida DFS: hurricane deductibles.

Ask what happens at claim time

Have the agent explain replacement cost versus actual cash value, any roof-specific settlement schedule, and conditions for recovering withheld depreciation. Check exclusions and sublimits, including water damage and any endorsements you requested.

End with a short written list: which quote details still need confirmation, what changes you requested, and who will send the revised documents. A completed worksheet organizes a conversation; it cannot establish that a loss is covered.

Source: Texas DOI: home insurance guide.

Sources and scope

These resources informed the guide. The organizations listed do not endorse this site. Policy terms and state rules govern your actual coverage.

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Frequently asked

Does the worksheet tell me which policy to buy?
No. It compares the figures and notes you enter. It does not evaluate exclusions, underwriting eligibility, carrier quality, or your coverage needs. Ask a licensed agent to explain the differences.
Can I use it if I only have one quote?
Yes. Put your renewal or current policy in one column and the new quote in another. Leave unknown fields blank and use the question list to complete the comparison.

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This guide is general educational information, not insurance advice. A licensed agent can apply it to your situation. Last updated September 4, 2026.

Find Independent Insurance is operated by Relay and is not an insurance agency, broker, or carrier. We do not provide quotes, insurance advice, or coverage recommendations, and we do not guarantee coverage or price. Licensed independent agencies handle quotes, advice, and policy placement.