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For first-time home buyers, navigating the murky waters of homeowners insurance might seem a little overwhelming at first, so it can be helpful to be aware of the factors that will affect the quotes you receive. There are a host of things that will influence the price of your homeowners insurance, some of which have been collected below. Pay close attention to the following before visiting your local insurance provider. 

3 Price Factors for Homeowners Insurance 

1. Location 

One of the biggest deciding factors that affects homeowners insurance quotes is the area that you’ll be living in. The safety of your neighborhood will play a role, in addition to characteristics of the land in the surrounding area. For example, houses close to a body of water may be more prone to flood damage, and providers will often factor this into your insurance plan. 

homeowners-insurance2. Credit Score

Providers in many states will incorporate your credit history into their pricing structure. That’s why it’s useful to review your background, paying close attention to any outstanding debts and your payment history before visiting an insurance provider.

3. Age & Construction of Home 

The age of your home and how it was built will affect the monthly payment you’ll make. Those with older houses can expect to pay more than those with newer ones, as aging structures will often be harder to reconstruct. Whether your home is fashioned out of brick, or wood, as well as whether it has an updated electrical system will also affect price quotes from insurance providers. 

 

When you’re in need of a reliable homeowners insurance provider,  Allegheny Insurance Services in Elkins, WV, can help you find an affordable solution. They’re equipped to provide a wide range of coverage, from business insurance to auto plans, so call them today at (304) 636-1680 to find a policy that works for you. Since 1893, they’ve been providing residents of the Randolph County and surrounding areas with outstanding risk management services, developing a solid reputation for customer care in the process. Visit them online for a closer look at their offerings. 

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