If you are looking to get homeowner's insurance for a new home or looking around for a new provider for insurance, it is important to understand the factors that will impact your quote.

Major Factor #1: Your Home

One of the biggest factors that will impact your home insurance quote is the home itself. In addition, various factors will impact the way the insurance company views your home. The age of your home is essential. Older homes generally cost more to insure as they may not have the most up-to-date systems, presenting a level of risk, and they may not meet current building code standards, further increasing the risk of providing them with insurance.

The materials used to build your home are essential. For example, your siding and roofing flammability levels will impact the risk your home will burn down. Therefore, a home with brick siding will be seen as less of a risk factor than a home with wood siding. The safety features in your home can help increase your home's safety and lower the risk of insuring it. For example, things such as smoke detectors, deadbolts, and alarm systems can help to lower your premium.

Home improvements can actually increase the cost to insure your home, as they increase the cost it would take to rebuild those areas of your home. The cost to rebuild your home matters and can play a big role in your quote.

Major Factor #2: Location

The second big factor that will impact your homeowner's insurance premium is the location of your home. A high crime rate can increase your quote, and a low crime rate can drive down a quote. In addition, the risk of natural disasters in your area can directly impact your quote. As can the ease of access to fire protection if necessary. These factors may be out of your control, but they are still used to figure out what to charge you for home insurance.

Major Factor #3: You

Finally, you impact what your homeowner's quote will be. In many states, your credit score can directly impact your quote. Your past claim history will be analyzed; if you have filed a high number of claims, you will be seen as a higher risk, which can result in a higher quoted premium. If you have a pet, you could face higher rates.

Certain personal factors, like if you run a home-based business or if you have high-value belongings, could increase your quote as you need to add on extra coverage to a basic homeowner's insurance policy for these things.

When it comes to getting a quote for homeowner's insurance, the insurance company will consider your home, location, personal history, and information to develop your potential premium.