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How is my homeowner's insurance premium determined?

By Bob Millaway, South Jersey Community Expert & REALTOR®

Premiums are based on your home's replacement cost, age, construction type, location, distance from fire stations, your claims history, and your credit score in most states. Discounts are available for bundling with auto insurance, installing security systems, and having a newer roof.

Why It Matters

Understanding the factors that affect your premium helps you identify ways to save money while maintaining adequate coverage.

Related Questions

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