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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

Coastal homes in Florida, for example, face higher premiums due to the increased risk of hurricanes, flooding, and wind damage. Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. The more risks your area poses, the more your insurance company will charge to protect you.

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Affordable Home Safety Improvements to Lower Your Insurance Premiums

TGS

Adding window locks or shatter-resistant film makes breaking in more difficult, which insurers love to see. Install a Security System Cost: $100–$300 for basic systems (plus optional monitoring fees) Impact: Security systems don’t just deter crime; they often come with built-in monitoring for fire or carbon monoxide.

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Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

Every year your home grows older, it becomes more prone to issues such as plumbing leaks, electrical faults, or roof damage—all of which can lead to costly insurance claims. When you renovate or expand your home, you’re increasing its value—and with greater value comes higher costs to repair or rebuild in the event of damage.