What raises household insurance costs?

Answer 1

There are many, many things that can cause an increase in a Homeowners Insurance rates.

Here are just a few;

Poor Credit

General Inflation

Age of Home

Condition of home

Condition of land

State mandated rate adjustments

Certain Pets

Regional Claims

Regional Disasters

Previous claims history

Neighborhood crime rates

Regional Construction Costs

Attractive Hazards ( trampolines, Pools )

Construction Type, ( Brick, Frame, Stucco )

Proximity of neighbors

Proximity of Fire Facilities ( Fire Stations, hydrants )

Basically, any change in risk factors or associated costs can cause a change in rates.