Since your house is likely your largest investment, getting the right home insurance is key for protecting your family’s finances. However, just because you need to protect your home doesn’t mean you want to pay a small fortune for insurance. Understanding the factors that go into determining your home insurance premiums can help you take action to cut back on costs. 

• Claims History: If you have a history of making quite a few claims, you’ll be viewed as a higher risk to insurance providers. This is the case because people who make more claims cost insurers more money. You will often pay less for coverage if you haven’t had to file claims very often. 
• Neighborhood: The safety of your neighborhood can be affected by weather patterns and crime rates. For instance, you may pay more to offset the higher risk of living near an ocean or in an area that’s prone to fires. Similarly, you may have higher rates if you live in a high-crime area. 
• Proximity to Authorities: The ability of firefighters and police officers to get to your house quickly may be the difference between some damage and a total loss. So you may find that you pay lower rates if you live in close proximity to the authorities. Of course, installing smoke detectors, carbon monoxide detectors, deadbolt locks, an alarm system and other security features can earn you a safety discount on your coverage. 
• Dogs: Dog lovers everywhere have a lot to say about the topic, but the unfortunate truth is that some dog breeds can cause your home insurance rates to go up — even if your pooch is docile. These breeds include Dobermans, Pitt Bulls, Rottweilers, Akitas, Great Danes and more. 
• Trampolines and Swimming Pools: While they provide recreation for children and adults alike, trampolines and swimming pools have been tied to thousands of injuries. Owning a trampoline or pool increases your liability risk, which can increase your premiums. 
• Credit Score: Statistically speaking, people with good credit scores have proven themselves to be financially responsible. Those with poor credit scores have likely gotten into some financial trouble. So, higher credit scores look better in the eyes of insurance providers. 

Wondering about the specifics of your household? Don’t hesitate to call our agency for personalized assistance!