Buying a Home Only Based on Homeowners’ Insurance Rates

Buying a Home Only Based on Homeowners’ Insurance Rates

Insurance rates certainly impact your consumer decisions to some degree. You may not buy a sports car, for example, due to high auto insurance rates. You can only buy as much life insurance as you can afford. Even businesses must make an assessment on how much risk they can absorb vs the cost of business insurance.

Homeowners’ insurance, however, is usually based more on need or what your mortgage company requires you to carry than cost. But what if cost of homeowners’ insurance was the ONLY factor you considered when purchasing your next home? It would impact your choices in a home in some interesting ways.

You Would Probably Buy New

Generally speaking, homeowners insurance will be less expensive on a new home of similar value to an older home. Why? Because a new home is built to todays standards and codes. This means electrical wiring, plumbing, roofing and other aspects are less prone to failure. There are safety features built into new homes that may not be present in older construction. Better built, safer homes will translate to lower homeowners’ insurance premiums.

Location

Virtually every area of the country has its own risks, but living on the banks of a river or cliff can offer more challenges, and higher homeowners insurance rates. On the other hand, purchasing a home in a newer neighborhood, close to a fire department and fire hydrants can save you on your home’s insurance.

Safety and Security Features

There may be discounts to be had if your home is loaded with safety and security features like cameras, alarms, double strength windows, steel doors with dead bolt locks and more. A monitored security system can save you as well. If you are looking for lower homeowners’ insurance premiums, buy a secure home.

Avoid “Attractive Nuisances”

Sorry, but if you are looking to buy a home based on the least expensive homeowners’ insurance rates you’ll have to say goodbye to that pool. A pool, trampoline, playground equipment and similar items are considered attractive nuisances and will bump up your homeowners’ insurance premiums.

Now, of course, no one is going to make a home purchase decision solely based on homeowners’ insurance premiums, but we all want to save money. That’s why you should contact one of our independent insurance agents when pricing homeowners’ insurance. They will compare the coverage and pricing from multiple companies, giving you the freedom to choose. Contact us today for your no-obligation quote.


Do you have questions about your insurance? Find an insurance agent near you with our Agent Finder

Search All Blogs

Generic filters

Buzz Your
Insurance Agent

Search for a local agent with our agent finder map.

Agent Finder

Want to learn more about our blog writer?

Read more about KayLynn's background.

Click Here

Search All Blogs

Generic filters

Read More Blogs

A Gift Beyond Roses: Why Life Insurance is the Ultimate Expression of Valentine’s Day Love

Roses fade, but financial security lasts. Discover why life insurance is the most selfless Valentine’s Day gift you can give your family this year.

The February Pothole Patrol: Navigating Winter Road Damage and Your Auto Policy

Potholes are a February tradition. Learn how your auto insurance handles wheel and suspension damage and how to file a claim for road-related hazards.

Heart-Shaped Security: Why Valentine’s Day is the Time to Schedule Your New Jewelry

Don’t leave your new sparkle at risk. Learn how to properly insure Valentine’s Day jewelry through scheduling and professional appraisals.

The Beautiful Pause: Embracing Solitude and Self-Care

Ditch the noise. A guide to finding mental clarity and practicing self-care by embracing intentional solitude during the final, quiet days of January.

Final Tax Data Security: Protecting Against Employee W-2 Identity Theft

W-2s are out. A final, urgent guide to securing employee data against tax fraud and using Cyber Insurance for breach response and identity theft coverage.

T-Minus 30 Days: The Late January Review of Beneficiaries and Tax Implications

Tax forms are here. Review your life insurance beneficiaries one last time, and understand the tax status of policy payouts vs. accrued interest.

Extreme Cold Alert: Protecting Your Vehicle from Late January Freeze Damage

Frozen engine block? Late January extreme cold risks and how your Comprehensive Auto Insurance handles non-collision, cold-related vehicle damage.

The Final Frost: Securing Your Home from Ice and Tree Damage

Extreme cold risk is highest now. A guide to Home Insurance for tree fall damage, ice structure risks, and securing your claim against catastrophic late-January weather.

Slow Cooker Immunity: Nourishing Your Body with Winter Comfort Foods

Fight the mid-winter slump! Easy slow-cooker recipes packed with immune-boosting spices and ingredients to keep your family healthy in late January.

Accountability in the New Year: Auditing Employee Risk for Workers’ Comp and Liability

Get back to basics! Mid-January is the time for mandatory safety refreshers and HR audits to manage Workers’ Comp and General Liability risk in 2026.