Based on Industry statistics, average rates on Homeowners Insurance policies have lowered over the past 10 years by nearly 50%.  This data is skewed by the surge of new construction homes that were built from 2004 – 2014.  Homeowners who purchase or currently own older homes have seen increases in Homeowners Insurance of nearly 120% over the same period.

Older homes present a higher likelihood of loss than newer homes.  In addition to the clear-cut answer of age, the acquisition of new construction Homeowners Insurance policies is more likely because consumers are seeking coverage on a new purchase – therefore carriers are more aggressive in this market.

Need help finding the right Homeowners Insurance?

Call Us Today

Columbia Office:  803-451-0076

Home maintenance is the “secret” to keeping your insurance rates down.  Updates to your older home can keep your rates at a level that is reflective of your likelihood of losses:

• Roofing Updates – every 15-25 years
• Plumbing Updates – Varies by type (polybutylene is a disaster waiting to happen)
• Electrical Updates – Varies by type (Aluminum wiring = danger)
• HVAC (Air Conditioning/Heating) - 10-15 year avg. life
• Chimney or Fireplace Inspection/Updates – annually

Keeping documentation of these updates can lead to substantially lower risk of loss and in turn – Lower Insurance Premiums.

Lamplighter Insurance is "Lighting the way..."

Contact us and we can show you how

Columbia Office:  803-451-0076

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