Home Insurance

Your Situation: How Premiums Are Determined

Learn How Different Factors May Influence How Much You Pay

Before you start getting and comparing residential insurance quotes, you may want to have a better understanding of the basics.

Every individual has unique situations and circumstances that influence the decisions they make when selecting a home and insurance coverage. However, there are essentially five factors that can help determine what kind of insurance policy you may need and how much you should expect to pay for it.

Your Deductible Levels

You can typically purchase insurance to match the amount of risk you're comfortable accepting. The dollar amount you're willing to pay toward a covered loss - commonly referred to as a deductible - will determine the amount of your annual premium. You usually pay less for your insurance policy if you select a higher deductible.

Your History

Your prior insurance history, even outside of Allstate, can affect the types of insurance you are eligible to receive and the premiums set for them. Other examples of what can affect your insurance premium are:
  • Frequency of claims
  • Insurance score (related to credit history)
  • Continuous coverage (few or no periods without insurance)

Your Neighborhood

One of the factors used to price policies are the types of claims that have happened in your neighborhood. Things more specific to your home's location, like how close you are to a fire hydrant and fire station, environmental issues, theft and more are also considered.

Use our interactive tool to see some of the most common and costly claims in your neighborhood based upon data from most insurance carriers in your area.

To learn other factors that can influence your insurance premiums, check out Allstate's Premium GaugeSM. It's an interactive tool to learn how different options, issues or circumstances can potentially affect your policy's annual cost.

Your Personal Property

Those items that you use, enjoy, store and generally keep at home can usually be protected by residential insurance. The types and values of those things determine the type, options and amount of Personal Property insurance coverage you may need.

What different coverage options are available to help protect your personal belongings - and what typically can be insured? Find out by reviewing our personal property coverage section.

Your Home Type

No matter what kind of home you live in, having some insurance can usually help protect you. The coverage needs of a house, condominium, townhome, manufactured home or rental differ so greatly that each requires a different kind of policy.

The age and type of construction of your home and what it would cost to rebuild it are some of the factors that determine the amount of coverage you may need and how much your insurance premium may be.



You don't need to become an expert on homeowner's insurance, just become familiar with some basic concepts at Homeowners Insurance Basics.

Learn about the various homeowners insurance products we offer at How Allstate Helps Protect You.

Your Agent has questions – be ready with the answers by reviewing Preparing to Talk with an Allstate Agent.

The availability, qualifications and amounts of these coverages and discounts may vary from state to state. In addition, other terms, conditions and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. In some states, we may offer coverages and discounts that are not listed here. For more information regarding your eligibility for certain coverages and savings opportunities, please contact your Allstate agent.

Coverage on fine arts, firearms and business personal property is limited to within the United States of America and Canada and is subject to availability and qualifications.

Scheduled Personal Property is covered on an actual cash value basis. A deduction for depreciation may apply. Please note that other restrictions may apply. Payment will not exceed the amount necessary to repair or replace the damaged item(s) with property of like kind or quality, or the amount of insurance, whichever is less. Please contact your Allstate agent for more information about Scheduled Personal Property Coverage. Different rates apply for professional and non-professional musical instruments. A higher rate is applicable to professional musical instruments insured under SPP coverage. Discounts subject to availability and qualifications. Amounts may vary from state to state. Total savings may vary depending on the coverages purchased. For more information regarding your eligibility for these savings opportunities, please contact your Allstate agent.

When the Scheduled Personal Property item is removed from the vault, the insured must notify Allstate in advance or the SPP Endorsement ceases to cover the item. The insured must also pay the additional premium for the time the item is not vaulted. Scheduled Personal Property Coverage is subject to the terms and conditions of the policy. This is a brief coverage description; this is not a contract. Please read an Allstate policy for full details. Optional Coverages "J" and "BP" are subject to the terms and conditions of the policy. This is a brief description of the coverages; this is not a contract. Please read an Allstate policy for full details.

Coverages and discounts are subject to availability and qualifications. Other terms, conditions and exclusions may apply.

Excess Flood Insurance coverage may currently be available but only in the following states: Alabama, Alaska, Arizona, California, Colorado, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Louisiana, Maine, Maryland, Michigan, Mississippi, Nevada, New Jersey, New York, North Carolina, Ohio, Oregon, Pennsylvania, Rhode Island, South Carolina, Texas, Virginia, Washington. In order to qualify for an Excess Flood Insurance Policy, you first need to purchase a National Flood Insurance Policy through Allstate. Excess Flood Insurance is provided by one or more insurance carriers not owned by or affiliated with Allstate Insurance Company. Excess Flood Insurance is subject to availability and qualifications. Other terms, conditions and exclusions may apply. Contact your local Allstate agent to find out whether Flood Insurance coverages are available in your area.

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