Surprising details that influence home insurance costs

Slideshow December 13, 2023 at 12:00 AM

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Homebuyers have a myriad of details to track when shopping for properties. Sometimes, insurance research falls to the bottom of the list. In a recent article about the factors that can impact the cost of homeowners insurance, the insurance experts at Bankrate.com listed several things that can impact the price of coverage including property location and valuation as well as the insured's credit and claims history. But those are simply the well-known insurance-cost factors. There also are lesser-known details that can impact the cost of insuring a home. The slideshow above illustrates five surprising factors that may impact home insurance costs, according to Bankrate.com. Of course, the intricacies and complexities of insurance are a top reason homeowners benefit from consulting an agent or broker when the time comes to purchase a new policy. "Being familiar with the different factors that influence premiums for homeowners insurance can be useful," write the authors who penned the Bankrate.com article. "It is also helpful to know about all of the options available to enhance a standard homeowners policy." See also: