Why Is My Neighbors Homeowners Insurance Premium Less Than Mine?

neighbors insurance premium Why is my neighbor’s homeowners insurance premium less than mine?

Homeowners insurance policies are like cars. There are different types with different options. And all of those options affect the premium. Your neighbor may have chosen a higher deductible, or chosen to buy a policy that does not provide as much coverage, or chosen to buy a lower amount of insurance.

There are other factors that affect the premium as well. Without reviewing your neighbor's policy it is hard to tell whether they purchased a “Chevrolet” or a “Cadillac”.

Swingle, Collins & Associates specializes in homeowners insurance coverage. The descriptions of coverages listed on this website are brief and subject to the provisions, limitations, and exclusions that can only be expressed in your policy and related endorsements. For additional information of how Swingle, Collins & Associates can assist in meeting your coverage needs for homeowners insurance please contact your dedicated risk manager to discuss benefits and services.

The information contained on this page is provided for informational and educational purposes only. It contains general information on insurance issues and may not reflect the most current developments in insurance coverage and is unlikely to apply in all factual scenarios. The information does not include all the terms, coverages, exclusions, limitations or conditions that may be contained in the actual insurance contract language. The policies themselves must be read for those details. Sample policy forms will be made available upon reasonable request.