Surprising Factors that Increase your Homeowner’s Rates

Homeowner’s insurance can be one of the best investments you ever make for your home. Nobody wants to think about Mother Nature destroying their house, but you never know what life is going to throw at you. This is why homeowner’s insurance coverage is so important. These plans will ensure you have the money you need to repair your home and replace your stuff if anything were to happen.

When you’re shopping around for homeowner’s insurance coverage, there are a few things you’ll need to ponder to ensure you’re getting the best plan for you. The thing our clients are most concerned with is how much their policy is going to cost.
There are quite a few factors the insurance company is going to review deciding how much to charge you for protection. They are going to look at some obvious factors, like the size of the home and the cost of the home, but there are other components they review which might surprise you.

If this article doesn’t answer any of the questions you have about homeowner’s insurance and the various factors, please feel free to leave a comment or contact one of our agents.

Marital Status

Your spouse could be saving you hundreds of dollars on your homeowner’s insurance policy. Insurance research has shown married people tend to make fewer claims than single people. Being married is going to reduce your insurance premiums. denver colorado home owners insurance

If you’re married, they are going to view you as a less risky insurance candidate, which is going to translate into lower premiums.

Do you Have a Swimming Pool?

If you have a swimming pool, you’ll be able to enjoy a nice cool dip in the summer, but you’re going to pay more for your insurance plan every month. Pools are fun, but insurance companies see them as additional risk. More risk means higher premiums.
Having a hot tub is going to be seen as a risk too. They are a great addition for your family, but be aware, they are going to increase your rates because of the summer fun.

Dog Breed

Believe it or not, the type of dog you have could impact how much you pay for your homeowner’s insurance plan. There are certain breeds of dogs which are more aggressive. If you own one of these dogs, then the insurance company increase your rates.
If you have a dog, you should always share the information with your insurance agent. If they don’t know the breed of the dog, they are going to aim on the safe side, which is probably going to cost you money.

How Close are you to a Fire Department?

This one speaks for itself. The closer you are to a fire department, the quicker they will be able to arrive at your home if there was ever a fire. The quicker they get there, the less damage to your home.
Not only does your proximity to a fire station lower your rates, if you have a fire hydrant close to your home, you can get cheaper premiums as well.


Smoking is bad for your health, and you probably know smoking is going to cause you to get more expensive life insurance rates, but you may not know those cigarettes can impact how much you pay for your homeowner’s insurance plan as well.

If you smoke, then you have a higher risk of a house fire. Smokers are going to pay hundreds of more dollars every year for their insurance plan. If you’re looking for a way to save thousands of dollars, then quitting smoking is one of the best ways you can do that.

Your Credit Score

Your credit score plays a huge role in a lot of different areas of your life, and your homeowner’s insurance policy is one of those. As you can probably guess, the better your credit score, the lower insurance premiums can be. If you have a poor credit score, the insurance company may be worried about your financial security, and they will see that as additional risk.

Saving Money On your Homeowner’s Insurance Policy

As you can see, there are dozens of factors the insurance company is going to look at when they calculating your monthly premiums. It’s important you get the most affordable policy available.

We know shopping for the perfect policy can be a confusing process, but at Longevity Brokers, it’s our mission to give you the information and resources you need to find a quality insurance plan at the lowest possible premiums.

Every insurance company is different, and all of them have different rating systems. Companies are going to view your house different and the risk it presents, which means you could get wildly different quotes depending on the company and their underwriting.

Our agents at Longevity Brokers are here to save you the trouble and frustrating of having to call those companies yourself and get the quotes. We don’t work with one single company, we work with dozens of highly rated insurance companies across the Colorado area. We can help you protect your Denver home. After a few quick questions, we can offer you a general set of quotes for homeowner’s insurance.

If you have any questions about homeowner’s insurance or ways you can lower your insurance premiums, contact us today. We would be happy to answer those questions and ensure you have the best plan for you and your home.

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