• How Much Should My Insurance Cost?


There are many factors that impact the cost of your insurance.  Each type of insurance has many factors that drive your cost.


Much of the cost of your insurance is based on your specific information.


You want to know the factors driving your price?


Below are the main items that determine your cost of insurance.

  • Credit Score

    Credit Score

    The insurance industry believes there is a direct correlation between your credit score and insurance losses. The higher your credit score the lower your price will be. Some carriers do not use credit to rate. Learn more here.

  • Roof Shape

    Roof Shape

    Studies show that houses with a Hip roof shape experience significantly less pressure than other roof shapes for the same wind speeds. Houses with hip roofs get a break on insurance.



  • Year Built

    Year Built

    The older the house, typically the more expensive the insurance. Older pipes, electrical, HVAC and roofs have a better chance of failing. Building code changes also make newer homes less susceptible to damage.

  • Construction Type

    Construction Type

    Certain building material has higher wind and fire ratings and therefore are less to insure. Insurance on a brick house will cost you less than a house with siding.

  • Location


    Many insurance company rates are zip code driven.  Different companies are competitive in different areas.   One company my be priced better by the lake, while they may be more expensive in Gretna.   Also, your proximity to fire hydrants and fire stations impacts your cost.

  • Updates


    If you have updated (typically within the last 20 years) the electrical, plumbing, HVAC and/or roof you can qualify for discounts.

  • Claims History

    Claims History

    Non-storm related claims (fire, overflowing water from your tub,…) have a negative impact on your insurance cost. If you have to many claims, some companies will not even consider giving you a quote. You certainly will lose out on the claim free discount.

  • Policy Type

    Policy Type

    A Homeowners policy (HO3) will cost more than a dwelling policy because it has more comprehensive coverage.  Sometimes a dwelling policy is used to cut cost…but it cuts coverage also!  Make sure you know what kind of policy you have.

  • Location


    The flood maps issued by FEMA determine the flood zones. If your house is located in a preferred zone, you pay less.

  • Elevation


    The elevation of your house (the lowest floor) is compared to the Base flood elevation (BFE) set out in the Flood maps. The higher your home is relative the the BFE, the less you pay. A flood Elevation Certificate should be obtained to determine your elevation.

  • Claim History

    Claim History

    If your house has had a history of flood losses you may not qualify for for a standard policy but will need to be covered under the Repetitive Loss Program directly through FEMA.

  • Foundation Type

    Foundation Type

    Is your house raised with crawl space below or built on a slab foundation? The higher your house is relative to the local flood elevations the less you pay.

  • Amount of Coverage

    Amount of Coverage

    Given all other similar specs, a policy for $250,000 of flood coverage for your home will cost more than $150,000 of coverage. The amount of contents coverage will also determine final premium.

  • Year Built

    Year Built

    Depending on the age of your house, you may be paying more than necessary since older home premiums are being increased 15-20% per year. A flood Elevation Certificate can determine if you are paying more than you need to.