7 Features That Drive Up Homeowners Insurance Costs

If you’re a new homeowner, this question has probably crossed your mind. Unfortunately, there are many things about your home that can’t be changed (i.e. its location and build) that will inevitably drive up your homeowners insurance costs. Despite these pre-existing conditions, however, there are ways you can minimize risk and possibly obtain lower rates in the future.

Those house hunting for a new home should also be aware of home attributes and structural features that affect homeowners insurance costs. While it’s easy to get caught up in a home’s marble countertops, curb appeal and updated appliances, you should know that its structure and bones have a major impact on the overall costs. If moving to a new part of the country, make sure to research regional concerns before browsing properties. For instance, if moving from the mountains to the beach, you should look at how living in a flood prone area will affect your insurance costs. Of course, every insurance company’s policies are different, so be sure to obtain multiple insurance quotes before settling on a policy.

Want a better understanding of what drives up your insurance costs? Here are 7 features that commonly affect homeowners insurance rates.

Build and Age

Location

Home Safety

Condition of the Roof

Pools and hot tubs

Trampolines

Wood Stoves

Ready to move?

You’ve assessed a potential home’s insurance risks, and you’re ready to make the move. Congrats! To find a reliable moving company, check Moving.com’s extensive network of movers. Our website makes it easy to find and book the best moving company for the job. All relocation companies in our network are licensed and insured, so you can rest assured that your move will be in good hands. Good luck and happy moving!