There are essentially ten factors that affect your insurance premium, some of which you can control and some of which you cannot. The first of the ten factors is something that you can control, somewhat, and that is the condition your home is in.
Since your homeowner’s insurance will be covering many of the contents of your home, how new certain aspects of your home are will change what the premium will be. For example, if you have a water heater that is 25 years old and is need of a change, your insurance premium will be higher than if you have a water heater that is 5 years old. While the home insurance won’t cover the replacement cost if that water heater breaks, it will cover any water damage that may result if the water heater cracks or leaks water. Think about the roof in the same way.
Some other aspects of your home’s age and condition you can’t really control, such as the quality of the frame, the wiring system (for the risk of fire), and for those you just have to accept what you have.
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