 TITLE: Do Home Insurance Companies Check Your Credit? CONTENT: What Else Can Influence Your Insurance Premiums?\n------------------------------------------------\nIn addition to your credit-based insurance score, there are a few other factors that insurance companies use to determine the cost of your home insurance premium. Remember that insurance is all about risk, so insurers tend to provide coverage at a lower rate to those who are deemed less likely to file a claim.\nHome and auto insurers have access to a database of insurance claims filed in the past seven years and may use the information they find there to adjust your rates. That's because a customer who files frequent claims poses a higher financial risk to the insurance company—risk they'll make up by charging a higher insurance premium.\nThe home you purchase can also play a big role in what you'll pay to insure it. Again, since insurers are looking to minimize risk, the age and construction type of your home play a role, as does the home's location. They'll also consider things like whether the location of the home is prone to severe weather or close to a coast, and the home's proximity to a fire hydrant.\nHome insurers might lower a premium if the home has safety measures in place, such as security systems, sprinkler systems and smoke alarms. Riskier features, such as a swimming pool or a trampoline, can cause your home insurance premium to increase.\nKeep in mind that the price of your premium will also vary based on your deductible. Typically, the higher your home insurance deductible, the lower your premium will be. END