Why Home Insurance Rates Increase? 
-- > Normal 0 Whether anyone wants to admit it or not , insurance consumers tend to seek ways to reduce their insurance expenses while insurance providers are always looking for ways to increase their revenue . A rate increase is one alternative insurers might use to increase your premium but more often than not your premium frequently increases for other reasons . An insurer 's base rates are only one factor that goes into the calculation of your actual insurance premium . You should know what those factors are . The most common factor may be an increase in your amount of insurance . Your insurance company may claim construction costs in your area have increased and your amounts of insurance have been increased accordingly . That may be true but higher limits do n't always mean higher premiums . Discounts they may have applied in prior years may have changed or been discontinued . Penalties may have been applied if you had a claim or your credit score has changed . Rate categories may change as your home gets older . The reasons can be endless . But that doesnt mean you have to simply accept the increase . Question the reason for any increase . Determine if you are eligible for other discounts or credits . Consider other insurers who might offer you more favorable premium treatment . In my experience , insurers rates dont change all that often , and they can go up or down . Other factors used to calculate your final premium are usually the reason you see your premiums go up so often . Be proactive , a little effort and a few questions could save you a lot of money . 