Call Us 800-655-3420 ☰ ˟
Logo
Refer Call Us 800-655-3420
  • Home
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Locations
      • Testimonials
    • Our Providers
  • Products
    • Auto InsuranceImage of right arrow
      • Uninsured and Underinsured Motorist Insurance
      • Collision Coverage
      • Classic Car Insurance
      • Liability Coverage Auto
      • Medical Payments Coverage
      • Rental Reimbursement
      • Towing
    • Home InsuranceImage of right arrow
      • Homeowner's Liability
      • Landlord Insurance
      • Condo Insurance
      • Personal Injury Protection
      • Mortgage Protection
      • Renters
      • Scheduled Property Insurance
    • Life InsuranceImage of right arrow
      • Disability Insurance
      • Group Life Insurance
      • Individual Life
      • Long Term Care
      • Medical Payments Coverage
      • Second-to-Die Policy
    • Powersports Vehicle InsuranceImage of right arrow
      • ATV Insurance
      • Boat Insurance
      • Motorcycle Insurance
    • Other Personal InsuranceImage of right arrow
      • Personal Umbrella & Identity Theft
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Insurance for Arborists
      • Box Truck Insurance
      • Builders Risk Insurance
      • Car Dealership Insurance
      • Cargo Insurance and Freight Insurance
      • Catering Insurance
      • Cleaning Business Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Contractors Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Dental Practice Insurance
      • Dump Truck Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Food Truck Insurance
      • Fleet Insurance
      • Handyman Insurance
      • Garage Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • Law Firm Insurance
      • Life Science Insurance
      • Liquor Liability Insurance
      • Livestock Insurance
      • Maintenance Contractors Insurance
      • Manufacturing Insurance
      • Media & Advertising Insurance
      • Medical Malpractice Insurance
      • Non Profit Insurance
      • Nursing Home Insurance
      • Nursing Insurance
      • Orthotics & Prosthetics Insurance
      • Personal Trainer Insurance
      • Pharmacist Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Restaurant Insurance
      • Retail Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
      • Technology Services Insurance
      • Tractor Insurance
      • Tow Trucks Insurance
      • Veterinary Insurance
    • Coverage for Your BusinessImage of right arrow
      • Bonds
      • Business Catastrophe Insurance
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Commercial Property Insurance
      • Commercial Real Estate Insurance
      • Commercial Umbrella Insurance
      • Crime Insurance
      • Cyber Liability Insurance
      • Equipment Insurance
      • Errors and Omissions Insurance
      • Extortion Insurance
      • Fidelity Bonds
      • Loss Control Insurance
      • Inland Marine Insurance
      • Kidnapping Insurance
      • Marine Insurance
      • Mechanical Breakdown Insurance
      • Office Insurance
      • Product Liability Insurance
      • Professional Liability
      • Ransom Insurance
      • Shipping Insurance
      • Small Business Insurance
      • Small Business Liability Insurance
      • Storage Insurance
      • Surety Bonds
      • Technology Insurance
      • Trailer Insurance
      • Transportation Insurance
      • Trucking Insurance and Semi Truck Insurance
      • Workers Compensation
      • Van Insurance
    • Coverage for Your EmployeesImage of right arrow
      • Small Business Retirement Plans
      • Employer-Sponsored Retirement
      • Group Benefits
      • Group Disability Insurance
      • Voluntary Benefits
      • Group Health Insurance
      • Disability Insurance
      • Individual Life Insurance
    • Financial ServicesImage of right arrow
      • Financial Planning
      • Annuities
      • Retirement Plans
      • Traditional & Roth IRAs
  • Get A Quote
  • Contact Us
    • Contact Us
    • Our Locations
Auto Icon

Auto

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home Icon

Home

We browse through a wide variety of coverages and find the right one for you.

Learn More
Life and Health Icon

Life & Health

We browse through a wide variety of coverages and find the right one for you.

Learn More
Business Icon

Business

We browse through a wide variety of coverages and find the right one for you.

Learn More
Workers Compensation Icon

Workers Compensation

We browse through a wide variety of coverages and find the right one for you.

Learn More
Home > Blog > Consider the Cost of Insurance While House Hunting
FRIDAY, APRIL 15, 2022

Consider the Cost of Insurance While House Hunting

The home buying season is right around the corner. If you are like many Millennials, then you’ve already begun the process of looking for a home. You may have already prequalified for your mortgage. With your focus squarely on your goal of owning a house, your due diligence will pay off in the end. 

However, it’s important to consider the costs of homeownership before you purchase your home. There are many costs house hunters fail to consider, including the cost of insuring your home. The following are some factors you should consider to ensure you are keeping your home insurance costs low. 
Modern house
Crime Rates Affect the Cost of Home Insurance 
When it comes to insurance, people who are considered less risky receive the best insurance rates. In fact, if you are deemed a risky customer, there is a premium you must pay to get insurance. If you are considering purchasing a home in an area where there is a lot of violence, you can expect your insurance premiums to be higher than normal. Fixer upper homes may be appealing, but if these homes are in a neighborhood that is known for criminal activity, then you should factor in a higher home insurance premium. 

Have Great Credit, Don’t Overextend Yourself 
Another not-so-obvious factor to consider when it comes to the cost of home insurance is your credit. Many insurance companies have started assessing credit scores to consider the rate their customers must pay for insurance. Typically, individuals with lower credit ratings take risks or behave in a way that could increase their chances of filing a claim. Even if you’ve already prequalified for a home and set up credit accounts at local home improvement stores, your credit could have taken a hit and dropped since you checked last. If either of the scenarios is your reality, then it’s possible that you will pay more for your home insurance. 

Don’t File Claims 
Although your insurance company exists to be your financial partner in times of a loss, filing multiple claims or fraudulent claims could jeopardize your ability to remain insured. If you are abusing the system, then your insurance company has the right to go beyond increasing the cost of your insurance— they can cancel your home insurance. Don’t take your insurance for granted; only file a claim when you have experienced a real loss to ensure the cost of your home insurance remains low. 
Posted 6:53 PM

Tags: home insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2022

  • home insurance(2)
  • cyber liability insurance(1)
  • commercial auto insurance(1)
  • travel insurance(1)
  • auto insurance(1)

View Mobile Version

Contact Us Today!
800-655-3420

Social Social

Resources

  • Get a Quote
  • Customer Service
  • Payment Options
  • About Us
  • Refer A Friend
  • Our Carriers
  • Blog
  • Contact Us

Contact Us

Headquarters
616 S Euclid St
Anaheim, CA 92802
(714) 533-8873

Riverside Office
11728 Magnolia Ave, Ste B
Riverside, CA 92503
(951) 202-1871

Ph: 800-655-3420 | Fax: 714-533-8873 | info@egins.com
© Copyright. All rights reserved. | Powered by Insurance Website Builder