4 Roof Factors Affecting Your Home Premiums

Your roof can be a crucial factor in determining your home insurance premiums. From the materials used to even its shape, your roof can impact the cost of insuring your home. Let’s delve into how your roof affects your home insurance premiums and look at the signs that it may need to be replaced!


The type of material used for your roof plays a significant role in its longevity and durability, which in turn affects insurance rates. Here are some common roofing materials and their impact on insurance:

  • Asphalt Shingles: Affordable but with a lifespan of around 20 years.
  • Slate Shingles: Highly durable but expensive and prone to breakage.
  • Metal Roofing: Offers excellent protection against the elements and can last for decades.
  • Solar Tiles: Environmentally friendly and long-lasting, though with a high initial cost.


The shape of your roof can also influence insurance premiums. Gable roofs and hip roofs are common types of roof shapes. Gable roof shapes can be vulnerable to high winds and may cost more to insure, whereas hip roofs are designed to be more durable against strong winds, which may lower your premium. 


Obviously, the condition of your roof is important. We prefer roofs in good condition with no visible signs of wear and tear. A well-maintained roof is less likely to incur damage and, therefore, less risky to insure.


The age of your roof is a crucial factor for insurers. Roofs older than 20 years may require inspection before coverage is offered, and some insurers may refuse to provide coverage altogether for roofs of this age.

Signs Your Roof Might Need a Replacement

Even with the best materials and maintenance, roofs deteriorate over time. Here are some signs that it may be time for a replacement:

  • Age: If your roof is more than 20 years old, it’s likely nearing the end of its lifespan.
  • Missing Shingles: Losing shingles is a clear indication of wear and tear and can lead to leaks and further damage.
  • Leaks: Water stains or visible leaks inside your home indicate roof damage that needs immediate attention.
  • Sagging: A sagging roofline suggests structural issues that require prompt repair or replacement.

By understanding the factors that impact your home insurance premiums and recognizing the signs that your roof may need replacement, you can ensure the safety of your home and potentially save on insurance costs in the long run. Remember: regular maintenance and timely replacements are key to keeping your roof in top condition! 

Do you have the right home coverage? Get an instant quote or contact your local agent to ensure your home and roof have the right coverage! 

We’re Here to Help

Whether you’re a longtime policyholder or just starting to look for insurance options, we’re here to help. If you have questions or concerns that you want to discuss, connect with your local OKFB agent today. If you have any insurance-specific questions, we would love to help you find the coverage that best meets your homeautocommercial and life insurance needs.

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