817-485-5050 info@schwabagency.com

house on hand

The home insurance premium rate varies from one location to another. Like the age and construction of your house, the location is another factor that the insurance agency uses to asses risk. Read on to learn more about the reasons why location influences home insurance rates.

Three Reasons That Affect Home Insurance Rates

Your Location and Neighborhood

If the location of your home has a high rate of crime, falls in the coastal zone, near a water body, or falls in a high-traffic zone, insuring your home can be expensive. If your home is located near the sea, a river, or a large water body, it may be prone to flooding, so you need to pay more for insurance, as standard home insurance policies do not cover flood damage.

Homes insurance premiums can also be expensive in high-crime zones. On the contrary, if your home is near a fire station, you may be able to secure a lower premium.

The City

Check if the city belongs to the bygone era. Old cities with old houses are more vulnerable to structural damage than modern apartments. Insurance premium also depends on the city’s accident rate. Since bigger cities with more traffic are prone to frequent accidents, it can significantly influence home insurance rates.

The Province

Some provinces in the US witness high-seismic activity or are more susceptible to flood or wildfire. The premium rates will be higher in these places. Your home insurance premium will be low if your province is safe and secure.

This is how location influences home insurance rates. If you are looking to get the right homeowners insurance with a low premium, contact the experts at The Schwab Agency in Colleyville, Texas. We are ready to help you get the coverage you need.


The Schwab Agency

The Schwab Agency, LLC has over 20 years of experience within the insurance industry in our community and our goal is to bring you unparalleled service and dedication. Since the majority of our business is through long-lasting relationships with our clients, fulfilling your needs is of the highest priority.

COVID-19 Update:

Due to new increasing cases of Covid-19 our office will be closed to the general public until further notice. Our team will still be working full-time in the office and here to assist with all your insurance needs. Please contact us via phone at (817) 485-5050 or email: info@schwabagency.com.

We hope everyone is doing their part to protect themselves and their loved ones during these hard times, and thank everyone for understanding our decision to do our part to help protect our staff and those in our community.

Tim Schwab.
President and Managing Partner