What Affects Home Insurance Prices?

There are many factors that may affect home insurance rates. The following are the most common:

Types of Construction
Frame houses usually cost more to insure that brick houses.
Age of House
New homes may qualify for discounts. Some insurance companies may not insure very old homes or may offer a limited form of coverage.
Local Fire Protection
Your home`s distance from a fire hydrant and the accessibility of your home to your local fire department determines the fire protection classification.
Amount of Coverage
The amount of coverage you buy for your house, contents, and personal liability will affect the price you pay.
Deductible Amount
Your choice of a higher deductible will reduce the price for home insurance.
Discounts
Insurers may offer lower prices for such things as insuring your home and car with the same company and installing dead bolt locks or alarm systems.

Q: Why Should I Buy Home Insurance?
A: Owners should buy home insurance to protect both their home and their personal property. Tenants should buy home insurance to protect their furniture and personal … More
Q: What Is The Difference Between Replacement Cost Vs. Actual Cash Value?
A: Replacement Cost is the amount it would take to replace or rebuild your home or repair damages with materials of similar kind and quality, without deducting for … More

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