According to the stats, you can pay up to $1,200 on home insurance premiums. However, this cost depends on a number of factors. Thus, it varies depending on location, state, and country. Also, insurance limits, your credit history, as well as security plays a key role when it comes to the insurance premiums you should pay. This guide contains everything home insurance—especially when it comes to the amount of premium you should pay. Keep reading!


Location plays a key role when it comes to the amount of premium you pay towards your home insurance cover. Homes that are located in major towns tend to pay more than those in rural settings. This is because homes in urban centers are considered more valuable than their rural counterparts. Thus, you will end up paying more as far as your insurance cover is concerned.

Security Features

Homes with enough security features are considered less risky. Thus, they pay less in terms of insurance cover. On the other hand, if your home doesn’t have enough security features, you will have to pay more when purchasing a home insurance cover. So, if you want to save more, install security features such as smoke detectors, lightning arrestors, water sprinklers, alarm systems, and CCTV systems.


The condition of your home also influences the amount you should pay in terms of home insurance. A poorly maintained home attracts more premiums than it’s nicely maintained counterpart. So, fix things like the roof, walls, gates, and fence. It will help you save high on your insurance.

Frequency of Your Claims

If you frequently make claims, you will be subjected to an expensive policy. This is because your home will be considered riskier

How To Save

You can save high on your home insurance. Here are a few tips to help you save high on your next home insurance policy:

Insurance Bundles

Purchasing your cover through insurance bundles can end up saving you lots of money in the policy.

Loyalty Discounts

You can also take advantage of loyalty discounts to save on your insurance policy. This includes bringing or referring new clients to that company.

Infrequent Claims

Making frequent claims can be costly. You will be deemed a risky client. Thus, you will be subjected to higher discounts. However, if you cut down your claims, you’ll save huge on your cover.

Install Safety Features

Improve all the safety features in your home before purchasing a home insurance cover. Incorporate things like smoke detectors, sprinkler systems, fire extinguishers, and wind protectors. Also, don’t forget to install things like security alarms, door deadbolts, etc. They will help you save huge sums of money on your home insurance policy. Including these things in your home means you value security and safety. This, your insurance company will give you discounts when it comes to premiums.

The Bottom-Line

Understanding the dynamics that come into play as far as to the number of insurance premiums you should pay is important. Among other things, you will learn how to save huge amounts of money when purchasing your insurance policy. The above guide will help you understand how much home insurance coverage you should take. Get a home insurance policy today and have peace of mind.