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.
