With so many choices in companies and policies, purchasing homeowner’s insurance can become a
stressful and confusing task. There are many things that can influence the kinds of rates you receive
when you are searching for the policy that’s right for you. Here are some things to keep in mind while
you decide on the best policy for your home.


The location of your home is one of the biggest factors in what rates you receive for an insurance
policy. If you live in an area prone to natural disasters (such as tornadoes or hurricanes), or if you live
close to the coast or a large body of water, your rates will be higher than someone who does not live in
these areas. The same may also be true if you are in an area with a high rate of crime or if your
neighborhood has a high rate of fire claims.
On the other hand, if your home is located near a fire station or a fire hydrant, these things may help to
lower your insurance rate.

Age, Size, and Construction

Houses that are older or not maintained well tend to carry higher homeowners insurance rates. This
may be due to the increased probability that they will need costly repairs and major improvements in
the near future.
The size of your home can also affect your rate. The more square footage and possessions you have, the
more your insurance policy needs to cover, and the higher your rate may be. This is especially true if
you have expensive items that need to be covered under your policy.
The construction of your home can also play a factor in what type of rate you receive. Many companies
look at the materials used to build your house (such as bricks or wood), the age of the roof and the
electrical system, and if you have any safety features installed in your home to determine your rate.
Safety features such as smoke detectors, a good security system, and a sprinkler system can help get
you a lower rate on your policy.

Credit Score

Your credit score has a big impact on your financial life. Many insurance companies look at your credit
score when calculating your insurance rate, as this is a good indication of how financially responsible
you are. To ensure you get the best rate possible, try to keep your credit score as high as possible.
Things that impact your score positively are keeping low balances on any credit cards you use, and
making all of your payments on time. Also, pay attention to any errors on your credit report. You may
need to contact specific institutions to get these errors corrected.


There are some things around your home that can increase the chance that you will have to file a claim
with your insurance. Pets, a pool or hot tub, trampolines, and wood-burning stoves are all things that
can impact the rate you receive on your insurance. Consider this when you are adding or purchasing
things for your home.

Aside from these things, it is always a good idea to review your homeowners insurance policy
regularly. Things in life are constantly changing, and so are your insurance coverage needs.

Contact us today to learn more about our services and to find the best homeowners policy for you!