It's not uncommon for insurance agents to hear, "The previous owners of our home said their annual premium is $1000/year; why is ours so much higher?". There are a couple of reasons behind this, but the biggest culprit is YOU! Your consumer reports, your insurance history, your personal preferences, etc., affect your insurance rates. This is why insurance rates vary so much from person to person. It's also why lenders have a hard time accurately estimating your annual premium while estimating closing costs.

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