Common Factors affecting your Homeowners Insurance Cost

Home Insurance Cost

There are tons of factors that can affect your Home Insurance cost or premium. You can call us at (844) 234-5600 to better assist you in getting the best Home Insurance Rate. Here are some of the common factors that affect your Homeowners Insurance cost.

Home Insurance Cost

List of Factors affecting your Homeowners Insurance Cost

Location of Property

Most insurance companies check if the location of your property is prone to natural disasters. If your home is located in a high-risk area then expect to have higher home insurance costs. To get the best rate for your home click gets a quote now!

Condition of Home

Your home insurance will check the structure of your home and it’s capacity to withstand disasters. So most likely Brick homes have lower Home Insurance cost than a house made of wood.

Safety Devices

If you have installed safety devices such as fire alarms, fire extinguishers, burglar alarms, smoke detectors, and deadbolts expect to get a lower home insurance cost. By simply having these types of security devices you can get as much as a 20% discount on your premium.


You can also get discounts if you incur no claims for a certain period. Most Home Insurance companies give discounts for not having any claims per year. So before filing a claim think first if you would benefit from such claim or not. The good thing about this kind of discount is that your discount can even increase per year. The fewer claims you have the lower will be your home insurance cost.


The deductible is the amount you need to pay before your HomeOwners Insurance pays for your loss. Usually from $500 to $ 2,500, hence the higher your deductible the lower will be your home insurance cost.

How much does Homeowners Insurance Cost?

The average cost of homeowners insurance is $1083 per year in the U.S. as a whole. But each stats actually has its own market rates. The cost of insuring a home continued to rise steadily throughout the country. In the last 10 years, rates are up for almost 50%. The homeowners insurance cost is generally affected by state regulations rather than by federal law. In California, the monthly homeowners insurance rate monthly is $81 that sums to $974 per year and is less than 10% of the average rate in the U.S. Your home insurance costs vary depending on your location and your coverage limits. Aside from the location of your home one big factor that affects your rate is your dwelling coverage amount.

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