What Factors Affect My Homeowner Insurance Rates?

Several factors can influence your homeowner’s insurance rates. Here are some of the key ones:


The home’s location significantly impacts your premium. The home insurance coverage costs will be higher if it’s in an area prone to natural disasters (such as hurricanes, torential rain, windstorms, or tornados).

Person assessing home insurance rate for property coverage

Home’s Replacement Cost

This refers to how much it would cost to rebuild your home from the ground up in the event of a total loss. Larger homes or those built with expensive materials will generally have higher premiums.

Coverage Amount

The amount you must insure your dwelling for and how much coverage you want for personal belongings, as clients cannot choose the Cov A amount but can select different amounts for Cov C.


The deductible is the amount paid out of pocket before your insurance kicks in. Choosing a higher deductible lowers your premium, but remember, you’ll need to cover that cost if you file a claim.

Claims History

If you have a history of filing insurance claims, costly claims may raise your rates.

Credit History (in most states)

Your credit score can be a factor in your insurance rate. Maintaining good credit can help you qualify for lower premiums.

Home Features

Home features such as smoke detectors, security systems, and hurricane shutters can lower your premiums because they mitigate property damage risk.

Need Home Insurance in the Jacksonville Area?

Buying homeowners Insurance in Florida is complicated. Partner with the Mizrahi and Garris Insurance Agency to help navigate the process. Connect with us for a free, no-obligation quote. We’ll help you find the perfect home protection plan customized to your needs.

At Mizrahi and Garris, we build lifelong relationships with our customers. Let us cover your home with best-in-class homeowners insurance. Call us at (904) 262-9202 or click “Free Quote” to speak with one of our insurance experts today.

Skip to content