Sep 29, 2020 How your location affects the cost of your insurance

There’s a lot of change to navigate when you move to a new neighbourhood, from finding the best route to work to getting to know your local grocery store. But did you know that moving could also mean a change in your home and car insurance rates? Even moving from one subdivision to another within the same area could lead to an increase or decrease in your premiums. Here are some of the reasons your insurance costs might change when you move. How does your location affect your home insurance premium? These factors could have an impact on the cost of your home insurance: The age of your home: Older neighbourhoods have older sewer systems, which could potentially put you at higher risk for a sewer…

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