What is a common factor that can lead to increased property insurance premiums?

A history of frequent claims is a significant factor that can lead to increased property insurance premiums. Insurance companies evaluate risk based on the claims history of policyholders; if an individual has made several claims in the past, insurers view them as a higher risk. This perception can result in elevated premiums as the insurer anticipates a greater likelihood of future claims. Frequent claims may signal underlying issues, such as lack of maintenance or increased vulnerability to insured events, leading insurers to adjust pricing to mitigate potential losses.

In contrast, while outdoor landscaping can affect the aesthetic value of a property, it is generally not a direct risk factor that influences premiums. The age of the policyholder can be a consideration, but it is typically less impactful compared to claims history. Furthermore, choosing a high deductible usually leads to lower premiums, as it indicates the policyholder is willing to bear more of the risk themselves. Therefore, a history of frequent claims is the primary factor that can justify a rise in property insurance premiums.