What factors can affect your homeowners premiums?

Lots of things can change how much you pay for home insurance and what it covers:

• Where You Live: If your home is in an area that's often hit by natural disasters, your insurance might cost more.
• Home's Value: If your house is fancy and expensive, your insurance will be pricier to make sure it's fully covered.
• Deductible: This is how much you pay before insurance helps. If you choose a high deductible, your payments are lower, but you pay more if something happens.
• Materials Used: The material used in the construction of your home can significantly impact your insurance premiums, mainly due to differences in durability, fire resistance, and overall risk factors associated with each material. 
• How Old Your Home Is: Older houses might need more expensive fixes, so insurance can cost more.
• Safety Stuff: If you have safety features like alarms and fire extinguishers, your insurance can be cheaper.
• Past Claims: If you've made lots of claims before, your insurance can cost more because you're seen as a bigger risk.
• Credit Score: In some places, a better credit score can mean lower insurance costs.
• Coverage Type: The kind of coverage you pick and how much you want can change your cost.
• Pets: If you have certain pets or a pool, it can affect how much you pay.
• Fun Stuff: Things like trampolines can make your insurance pricier and even ineligible.
• Home Business: Running a business from home might need extra coverage and affect your cost.
• Fire Hydrants and Stations: Being close to them can make insurance cheaper because help arrives faster.
• Discounts: Some insurers give discounts for different things, like bundling home and car insurance or not having a history of claims.​