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Quiet neighborhoods could mean lower home insurance costs

January 22, 2010 - Families who are planning on relocating may want to research their prospective neighborhoods, as living in a quiet area may save them money.

A recent survey from InsuranceAgents.com found that homeowners insurance rates could be more expensive in noisy neighborhoods.

According to the insurance quote and research provider, population density, crime rate, historic quality, neighbors and proximity to a city are all factors that can impact the cost of homeowners' insurance.

Because many of these characteristics can pose a threat to insurers, individuals who live in areas that embody these traits are likely to have high rates. However, homeowners in these neighborhoods are more likely to need insurance and may want to consider their finances before moving to one of these areas.

Quieter neighborhoods may be preferable for homeowners who have families or those who do not require long commutes.

According to the company, individuals who live in all areas may be able to lower their homeowners insurance rates by installing home security systems that can make their residences more low-risk or keeping their houses in prime condition.

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