Return To Blog

How a Roof Replacement Can Lower Your Homeowners Insurance Premiums

October 10, 2018

As a homeowner, finding ways to save money on your monthly expenses is always a priority. If you’re like most people, you’ve already reduced your energy bills, started shopping for sale items, and even found ways to save money on gas. Though helpful, those techniques won’t save you money on your homeowners insurance. Believe it or not, working with an experienced Denver roofing company can shave hundreds off of your premium costs each year simply by replacing your old roof. Here’s how a new roof will lower your premium and save you money in the long-run.

Reduced Likelihood of Claims

Older roofs are more worn down and thus more likely to develop leaks, lose shingles, or warp as the seasons change. By replacing your old roof with a new one, you’ll reduce the likelihood of having to file a homeowners insurance claim to repair the damage. Every time you file a claim, it costs the insurance company money. By reducing the likelihood of a future claim, you’re saving the insurance provider money and they’ll pass some of those savings onto you in the form of a reduced insurance premium. 

Enhanced Durability

Though any new roof will be more durable than an older damaged one, some materials are better than others. When you upgrade from asphalt shingles to a metal roof, you’re upgrading to an incredibly durable material that’s naturally impact-resistant and reduces the risk of hail-related damage. This means you’re less likely to file a claim for hail damage or impact damage from falling limbs. The insurance provider understands that metal roofs are well-known for their durability and will thus lower your insurance premiums accordingly. Furthermore, metal roofs are more energy efficient and easy to prep for solar panels which could earn you an additional deduction from your insurance provider. 

Energy-Star Ratings Impact Your Premium

Like home electronics, many asphalt shingles carry with them an Energy-Star rating. This rating estimates the total energy costs the home uses when the material is installed. The higher the rating, the lower the utility costs will be. Not only does this save you money upfront on your energy bill, but many homeowners insurance providers also offer deductions for using Energy-Star materials. Though the savings may not be as great as it would be for a metal roof, the combination of lower utility bills and reduced insurance premiums make the investment well worth it. 

Installing a new roof is a wonderful way to add value to your home, save money, and reduce your homeowners insurance premiums at the same time. If you’re looking for a way to lower your premium costs without increasing your deductible, speak with the roofing contractors at Big Creek Roofing & Restoration. Our fully licensed and bonded contractors will help you find the best materials for your home and your budget. Whether you’re looking for an expert to help with a minor roof repair or are ready to schedule a full roof replacement, we’ll get the job done quickly and thoroughly. Contact us today to schedule a free on-site consultation.