5 Things That Can Raise Your Home Insurance Rates

No homeowner likes to open up their home insurance bill and see an increase. Unfortunately, this can happen to you if you are not careful. Higher home insurance premiums can really put a damper on your budget. Here are five things that can raise your home insurance rates.

Home Business

Whether you own a freelance writing or web design business, operating a home business may increase your home insurance premiums. The insurance company will know that you need a lot of items to properly operate your home business such as a computer, desk chair, printer and scanner. These things can get stolen if a burglar breaks into your home, increasing the reimbursement amount for your insurance company.


A trampoline might provide hours of fun for your kids, but it can make your home insurance premiums go through the roof. If your child's friends come over to jump on the trampoline and fall off, your insurance company will be responsible for the medical bills. Before you go out and buy that trampoline, think about how it may affect your insurance premiums in the future.

Aggressive Dog Breeds

Your pooch might be the friendliest dog in the world, but if he is classified as an aggressive dog breed, do not be surprised if your home insurance rates go up. These dogs are more likely to bite people that visit your house, increasing your home insurance company's liability. Examples of aggressive dog breeds include Pit Bulls, Rottweilers and Doberman Pinschers. 

Your Neighborhood

It may seem unfair, but the neighborhood you live in can affect your home insurance premiums. For example, if there have been a lot of burglaries in your neighborhood lately, your insurance company might raise your home insurance rates to protect themselves.

Valuable Items

Although the majority of your items are covered under your home insurance policy, very valuable items can make your premiums go up. For example, if you have a rare painting or expensive engagement ring in your house, they are more likely to get stolen in a burglary. Your home insurance company may raise your rates to cover themselves.

As you can see, there are several things that can make your home insurance premiums go up. If you open up your home insurance bill and can't figure out why your rates went up, you should make an appointment to see your insurance agent at places like Breckles Insurance Brokers Ltd as soon as possible.