Choosing home insurance that's tailored to your needs can be tricky. Your claims history, the age and condition of your property, as well as its size and location, are all important when calculating rates. If you have filed multiple claims in the past or own an older home with structural flaws located in a dangerous neighbourhood, expect higher than usual premiums which may offset any potential risks for insurers. Conversely, those factors could bring down your overall insurance premium if you live somewhere safe and maintain a good record without high costs.