When it comes to homeowners insurance, most people expect things like location, property value, and coverage limits to influence their premium. But did you know age also plays a role? In fact, both your age and the age of your home can impact what you pay for coverage.
At Eugene C. Yates Insurance Agency, we help Sacramento homeowners understand how insurance works—and how to get the best deal. Here’s what you need to know about age and home insurance.
🧓 How Your Age Affects Homeowners Insurance
Generally speaking, older homeowners tend to pay less for home insurance than younger ones. Why?
🏠 Stability & Safety
Older adults—especially retirees—tend to spend more time at home. That means:
- Fires or water leaks are caught early
- Homes are less likely to be burglarized
- There’s a lower risk of damage from neglect
💵 Insurance Discounts for Seniors
Many insurance companies offer age-related discounts, such as:
- Mature Homeowner Discounts – Usually available for people 50 or older
- Retiree Discounts – Additional savings for non-working homeowners
- AARP Member Benefits – Great deals through providers like The Hartford
These perks can add up to real savings, especially if you’ve also bundled your policies.
🏚️ How the Age of Your Home Affects Your Premium
On the flip side, older homes are often more expensive to insure. That’s because they come with additional risks:
⚠️ Common Risk Factors in Older Homes
- Outdated electrical and plumbing systems
- Old or worn roofs
- Foundation or structural issues
- Use of obsolete or expensive materials
- Higher repair and rebuild costs
Unless your older home has been significantly updated, insurance companies may see it as a higher liability—and charge accordingly.
✅ How to Save on Home Insurance at Any Age
Whether you’re a young first-time buyer or a senior downsizing to a cozy cottage, here are some smart ways to save:
- Upgrade your home systems (roof, wiring, plumbing)
- Bundle home and auto policies for multi-policy discounts
- Raise your deductible if you can afford to pay more out-of-pocket
- Install safety features like security systems and fire alarms
- Ask about age-based discounts
- Review your coverage annually
Most importantly—shop around. As an independent agency, Eugene C. Yates Insurance Agency compares rates from multiple top carriers to find you the best value.
🎯 Final Thoughts
Yes—age affects homeowners insurance, but not always in the way you might expect. Older homeowners often enjoy discounts, while older homes may face higher premiums. Understanding the difference can help you plan better and save money.
Need help finding the right policy? We’ve been helping Sacramento homeowners since 1946—and we know how to find quality coverage that fits your budget.
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Eugene C. Yates Insurance Agency
Sacramento’s Trusted Insurance Experts Since 1946