How Is Home Insurance Calculated? 
Among the many factors typically used to determine homeowner insurance rates , here are a few of the key ones : Type of Construction , Age of Dwelling & Condition of Dwelling - Ex : Is the construction type ` fire resistant ' rather than wood frame ? Has the building been well cared-for ? Claims Submission History - Ex : Does the prospect have a history of submitting claims on a frequent basis ... especially smaller ones ? Dwelling Location - Fire station proximity ; History of frequent and / or severe losses in the area from wild fires , hurricanes , etc. . Credit History - Credit score - Prevailing underwriting theory is that better credit scores equate to less possibility of frequent claim submissions . Additional Risk Factors - Swimming pools , with or without child safety devices ; Questionable types of animals in terms of temperment , as relates to possible attacks on humans ; Recreation equipment on premises - safety devices ? 