What is the impact of a home's age on insurance rates?

Older homes typically cost more to insure because of aging systems, outdated electrical and plumbing, and building materials that are more expensive to repair or replace. Homes with updated electrical, plumbing, heating, and roofing may qualify for discounts. Some insurers offer lower rates for newer roofs and impact-resistant materials. Get quotes from multiple insurers and ask about age-related discounts for recent upgrades.