There are a lot of different factors that go into determine the cost of home insurance. Here are some things to think about:
Your credit score – depending on your credit, insurance companies will offer you discounts. Some can be as high as 80%! If you have “bad” credit, you may not receive as big of a discount.
Updates – electrical, plumbing, heating, and roof updates will lower your premium. For example, if your home was built in 1950 and you do not let your insurance broker know the electrical panel has been updated, you’ll be paying for the risk associated with an old electrical panel.