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Home burglarHome insurance rates vary from location to location, and even from region to region. But, did you know that your home’s more immediate location can change your rates?

Home insurance isn’t static. New construction, a new highway or even a new school can cause your rates to jump.

It’s important to keep an eye on your neighborhood’s changes. You should know how your town or neighborhood might create additional insurance costs.

Check out the following warning signs that are indicative of a future rate rise. You should prepare your finances—or your family’s living location before it’s too late.

Warning Sign One: New Highway Exit Ramps

If your neighborhood is near a highway, new exit ramps can boost your home’s annual rates. Entrance and exit ramps are risks in the insurance world. They often lead to higher home insurance rates.

Similarly, an altered neighborhood traffic pattern resulting from out-of-neighborhood traffic flow can create risks. This can thus raise your rates.

Warning Sign Two: Higher Crime Rates

Higher crime rates will usually result in higher insurance rates. It might be because of a new school, a new neighborhood entrance or simple socioeconomic issues. Insurers determine rates from an area’s risk factor. They’re rarely uniform across a town. Protection against theft, auto damages, and even injury differ from area to area.

Warning Sign Three: A New Fire Station

This one is a little complicated. Emergency services will usually actually create higher home insurance rates. Why? Because emergency services divert traffic, which creates risk.

However, new emergency service stations in your area might give you a unique opportunity. You can sometimes lower your rates by opting for central station monitoring for your alarms. You can possibly reduce your risk, as well as your home insurance rates by connecting your alarms to emergency services.

Warning Sign Four: Age

A neighborhood’s age can creep up on you. Pay attention to your area’s homes. Observe any real estate changes based upon local wear-and-tear, historical locations and seller’s regulations.

While age is certainly a lesser factor, it can impact your decade-to-decade home insurance rates. Fortunately, age-related costs are steady—so changes usually won't surprise you.

Your insurance provider probably offers reward programs. Ask about home insurance rate discounts. Consider obtaining multiple quotes from different companies to circumnavigate the above-mentioned warning signs.

We are here to help you. We have premium and deductible options available. Do you have questions about how location affects your home insurance policy? Call us today at 877.997.2478 for a home insurance quote Atlanta.

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