If you are trying to compare prices on homeowner’s insurance in St. Augustine, you may be noticing differences in policy prices even though you are putting in the same information. This is due to the fact that some insurance providers put different focus and value on certain factors when determining insurance rates. The following factors can affect your homeowner’s insurance premium:
Home Features — The age of the home, the construction of the home, the condition of the home, and how recent certain upgrades were done can impact the final cost of your homeowners insurance premium. Older homes will usually cost more and certain materials such as wood will have different premium rates than brick or cement block homes will.
Location — The location of the home can affect the cost of insurance coverage because some areas have additional risks and liabilities such as hurricanes or floods. Other factors involving location can impact your rates. For example, if you are 10 miles away from the nearest fire station you stand to pay less than if you are closer to 40 miles away. Some insurance companies have different pricing for urban vs. rural homes as well.
Protective Devices —You can lower your homeowner’s insurance premiums by having certain safety features in your home such as sprinkler system, fire alarms, burglary alarm system, and safety windows and doors.
Personal Factors — Your personal choices and lifestyle choices can also impact your homeowner’s insurance policy rates. Smokers will often pay more than non-smokers because of the added risk for fire and smoke damage to the home. A good credit history usually will help lower your rates some too. Having kids can impact your policy rates and bundling home auto insurance together could also affect your final rates.
Claims History — The number of claims you have had in the past for your home insurance policy- whether with the current insurance provider or another company- can raise your rate because you are seen as a liability and ‘accident prone.’
If you are trying to compare prices on homeowner’s insurance in St. Augustine, there are a lot of factors that can impact your final quote. To get the clear answer without all the hassle and run around, contact St. Johns Farm Bureau Insurance today!
