Here are some factors that affect insurance rates:
Location
Rates are different depending on where your house is. Crime, wind damage and other risks may affect your area's rates.
Construction type
How your house is built can affect your rates. For example, wood homes and brick homes may have different rates.
Amount of insurance
Your premium depends on the cost of replacing your home. The cost to rebuild may be higher than your home's current value.
Talk to your agent or company to see if you have enough coverage.
Claims you've filed
Some insurers may charge you more based on the number or types of claims you file. They may even cancel your coverage due to one or more claims.
Ask your agent or your company how they treat claims you've filed.
How to save money on your insurance premiums
Did your insurer raise your premiums? Here are some tips for saving money.
Why premiums are going up
Insurance premiums go up when the costs of repairing or replacing homes go up. Inflation can also affect premiums. Repairs now cost more and take longer, so insurers spend more time and money processing claims. They pass these costs to you by increasing your premiums.