Free Family Insurance Budget calculator with clear step-by-step results.
Aggregates every household premium into one monthly figure and expresses it against net income, which is the ratio that reveals whether the family is under-insured or paying for overlapping cover. The largest-policy share points at where a review would move the number most.
Total premium
Monthly = health + life + home + auto + other cover
Share of income
Share % = total monthly premium / household net income x 100
Adequate cover depends on individual circumstances, dependants, debts and local regulation. This is a budgeting tool, not insurance advice - review cover with a licensed adviser.
Commonly cited guidance is 5-10% of net income across all policies, though households with private health cover in countries without universal provision routinely exceed that.
Raise deductibles on the policies where you could absorb the loss, consolidate multi-policy discounts, and check for cover you already hold through an employer or credit card.