Homeowners insurance is essential for protecting your property against damage, theft, and liability risks. But if you’ve noticed your rates creeping up, you’re not alone. Many homeowners are experiencing higher insurance premiums due to various factors affecting the industry.
In 2024, nearly 6% of homeowners filed a claim, with property damage and theft accounting for over 97% of those claims, according to the Insurance Services Office. While filing a claim is a known cause for rising premiums, several other surprising factors can also lead to higher insurance premiums — even if you’ve never made a claim.
Here are eight key reasons your homeowner’s policy might be costing more than you expected:
1. You Own a Dog — Especially Certain Breeds
Dogs can bring joy, but they can also raise red flags for insurers. Dog bite claims are among the most common liability issues in home insurance. If you own a breed considered “aggressive” — like a German Shepherd, Pit Bull, Rottweiler, Husky, Doberman, or Akita — you could be hit with higher insurance premiums.
Tip: Check with your insurer about their breed restrictions before getting a dog.
2. Location, Location… Premiums
Where your home is located has a huge impact on your rates. Living in areas prone to natural disasters like wildfires, hurricanes, tornadoes, or sinkholes typically results in higher insurance premiums.
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Tip: If you’re planning to move, factor in insurance costs when choosing a neighborhood.
3. That Trampoline in Your Backyard
Trampolines might be fun for kids, but they’re risky. Each year, more than 90,000 trampoline-related injuries lead to ER visits. This liability often translates into higher premiums.
Tip: Limit trampoline use to one jumper at a time and consider installing a safety net to reduce risk.
4. Swimming Pools = Premium Spikes
Pools are another common cause of homeowners insurance premium increases. Tragically, over 1,000 people drown in pools annually, many in their own backyards. Because of the liability, insurers charge more to cover homes with pools.
Tip: Installing safety features like a fence, pool cover, and alarm system may help mitigate some risk — and potentially lower your premium.
5. Distance from Fire Services
How far is your home from the nearest fire station or fire hydrant? If the answer is “far,” you’re likely paying more. Homes in remote areas can experience delayed emergency response, increasing the risk of total loss from fire.
Tip: If you’re building or buying, prioritize locations with nearby emergency services.
6. Deferred Maintenance or Neglect
Insurance companies reward well-maintained homes and penalize neglect. Leaky roofs, aging pipes, missing shingles, and faulty water heaters can all drive up rates or even lead to cancellation.
Tip: Regular maintenance reduces the likelihood of damage — and claim filings — helping keep your premiums lower.
7. You’ve Filed Multiple Claims
Filing too many claims — even for unrelated issues — is a red flag to insurers. Whether it’s water damage, storm damage, or a kitchen fire, too many claims can cause higher insurance premiums or make it difficult to renew your policy.
Tip: Consider whether the cost of minor repairs is worth filing a claim, especially if your deductible is close to the repair amount.
8. You Live in a High-Crime Area
Your ZIP code matters. If your neighborhood experiences frequent break-ins, thefts, or vandalism, insurance companies may charge more to offset the increased risk.
Tip: Installing a monitored security system or surveillance cameras may help reduce your premium in high-risk areas.
Final Thoughts: Why Are Your Home Insurance Rates So High?
Many homeowners don’t realize how everyday factors — like a new pet or trampoline — can lead to higher insurance premiums. Understanding what drives your rate helps you make smarter decisions about risk and potentially save money.
Need help reviewing your policy or looking for ways to lower your home insurance premium? Contact us today — we’ll help you navigate your options and protect your home without overpaying.
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