Ask Bob Insurance How is my homeowner's insurance premium determined?

How is my homeowner's insurance premium determined?

Premiums are based on your home's replacement cost, age, construction type, location, distance from fire stations, your claims history, and your credit score in most states. Discounts are available for bundling with auto insurance, installing security systems, and having a newer roof.

Why It Matters

Understanding the factors that affect your premium helps you identify ways to save money while maintaining adequate coverage.

Still Need Help?

Bob answers every question personally. Send your question directly to him.

Ask Bob Directly