Like any type of insurance, a number of factors play into the premiums you will be charged for homeowners insurance.
Characteristics of your home – The age, type, and even material your home is made from can have an impact on your premiums. Older homes will often cost more to insure, as there is more of a liability risk with older wires, materials and appliances.
Personal factors – Personal factors may include things like credit, history of previous insurance claims, smoking, and even the type of dog you own. These all play a part in your homeowners insurance premiums.
– If your home is in an area that is impacted by severe weather, it will affect your premium. Abilene is considered a relatively low risk hurricane zone (certainly compared to other areas in Texas), but weather is not the only location factor. Things like crime rate and even proximity to certain infrastructure can play a part as well.
The above-mentioned factors are just a few of the things insurance companies take into account when calculating what your homeowners insurance premiums will be. To learn more (or to find out what plans would be right for you and your family), give our team a call!