Does a New Roof Lower Home Insurance?
“How much will a new roof lower my homeowners insurance?” This is one of the most common questions people ask when considering a roof replacement.
While a new roof almost certainly will lower your premium, many factors go into deciding how much a new roof will actually lower your home insurance.
From the condition of your roof to the materials used, an insurance company might use a wide variety of factors to decide how much they’re willing to lower your insurance premium because of a new roof.
However, to make it easier, we’re breaking down all the details you need to know in this article.
Roof Replacements and Insurance Premiums: A Breakdown
A lot goes into determining the insurance premium for a home. Here are a few of the main factors.
Age
An old roof will create a higher premium because it’s likely to break down sooner and require replacement. An old roof has also already been beaten and battered by the elements, which has definitely taken a toll on the integrity of the roofing structure. In fact, damaged roofing is worse than old roofing.
Location
The location of your roof is another big consideration. Homes located in areas prone to extreme weather or exposure to pests like termites and woodpeckers are at higher risk of deterioration and damages. As such, the roofs in these areas will typically require higher insurance premiums.
Condition
Unlike the other two factors above, the condition of a roof is arguably the most important. Think of it this way:
A roof with deteriorating shingles or tiles cannot endure as much damage as a roof with new materials. As such, it is less likely to receive a lower premium.
New Roof Insurance Discounts
Asking yourself, “Does replacing your roof lower your homeowners insurance?”
The answer is most likely yes. In fact, a new roof has the potential to lower your insurance premium anywhere from 5 to 35 percent.
However, another thing that can affect the overall discount of roof insurance premium is the type of material your roof is made of.
What is the Best Roof Material for a Low Insurance Premium?
If you’re wondering how much a new roof saves on homeowners insurance, it’s hands down, synthetic roofing—particularly, high-quality synthetic wood roofing like synthetic Cedar Shakes from CeDUR.
The reason is, synthetic cedar shakes are incredibly durable. Although they look just like real cedar and even come in a variety of styles like Golden Cedar, Walden, Live Oak, and Shiloh, they are infinitely more durable than real wood, asphalt, and even metal.
Because they are made from high-quality synthetic plastic, they are not vulnerable to mold, rot, warping, buckling, UV rays, or insect damage like other roofing materials, and they can last well over 50 years—with almost zero maintenance.
Insurance companies know this, and because of their durability, synthetic materials are the best solution for a new roof discount.
A New Roof Insurance Discount Largely Depends on Roofing Material
Synthetic cedar shakes is a surefire way to get the biggest new roof discount, and the synthetic cedar shakes from CeDUR are your best option.
To learn more about our synthetic cedar shake options, contact us or request information today.