Common Factors Impacting Home Insurance Costs

When getting a home insurance online quote, you might notice quite a discrepancy between the rates being quoted by different providers. That’s because certain companies place different levels of emphasis on different factors. Here are a few to keep in mind as you search for insurance rates:

  • Claims history: In general, companies will give discounts to people who have a long history of home ownership with little to no claims.
  • Credit ratings: Historically, people with good credit ratings are also less likely to be risks for damages covered by home owner insurance.
  • Home construction: Homes made of solid brick or masonry are more resistant to fire, and therefore a lower risk for fire damage.

Because the factors considered can vary from company to company, it’s a good idea to get as many free home insurance quotes as possible before making a final decision.