Your home’s location. This determines how far you are from fire services, how far you are from risks such as bodies of water, the crime rate, and the severity and frequency of bad weather and natural disasters.
Your coverage options. You choose your policy limits, add-on coverage, and deductible. These all contribute to your final home insurance costs.
Your home and home’s systems ages, types, and construction. This can determine how likely it is that your home will be damaged.
Damage prevention or detection systems. This can include backup valves, sump pumps, water alarms, burglar alarms, security cameras and lightings, and other systems which can help you prevent or detect damage. They can get you discounts on your home insurance.
Your insurance history. How long you’ve been insured and your claims history impacts your homeowner insurance costs.