The average home insurance rates for Madison, AL, homeowners is $671 per annum. A study done by Vhome revealed that Madison homeowners could save as much as $267 by making use of discounts available with home insurance companies.
Home insurance companies calculate homeowners insurance based on the age of homes. Newly constructed Madison homes get a discount of $221 on home insurance rates. As the age of the homes increase, so does homeowners insurance due to increased propensity for damage. Madison homes older than 50 years increase home insurance rates by up to $32.
Home insurance companies tend to provide discounts to homes based on their construction type. Madison homeowners can avail discounts of $81 and $74, respectively, on homes constructed using fire-resistant and superior materials. Masonry and brick homes earn a discount of $40 each, while homes with hail resistant roof get a $20 discount.
Home insurance companies consider the lifestyle choices of residents before deciding on home insurance quotes. Madison homeowners who own a swimming pool pay an additional $81 in insurance rates. Homeowners can install a fence around the swimming pool with self-latching and self-closing gates to get discounts on homeowners insurance.
Madison has a crime rate of 19.05 per 1,000 residents, with 931 registered property crimes. Madison homeowners who install security devices to protect their homes from burglaries can avail substantial discounts on home insurance costs. Also, Madison homes located close to fire stations and police departments earn discounts of $27 and $20, respectively.
Homeowners insurance in Madison can increase by up to 44% based on the type and number of claims. Home insurance companies tend to provide discounts to homeowners who have a claim-free history or have not filed any claims in recent years.