To estimate the cost of replacing your home, multiply the square footage by $550. For example, a 5,000 square foot luxury home would have an estimated replacement cost of $2,750,000. Once you know the replacement costs, you can apply the current average insurance rate per $100 of home coverage (for 2025, roughly $0.41 per $100 of value) to calculate the annual premium.
How Much Does Luxury Coastal Home Insurance Cost?
