Another variable that is taken into account is the age of the house
. It would be more susceptible to loss or damage if the house was built ten years ago as compared toa newly constructed one. The logic stems from the fact that the structure is weaker and is more prone to being damaged because of some faulty electrical wiring or rusty water piping. Yes, you can't do anything with the age of the house but don't give up because there is something that you can do to lower your premium. That is to upgrade or install house safety equipment or devices. You can get discounts for your premium for as much as 20%.