Does the Age of Your Roof Affect Insurance Rates?

Homeowners trying to maintain a low budget for their house often wonder, “Does the age of your roof affect insurance rates?” The answer is yes, but learning the other factors affecting your roof’s well-being can help you plan renovations or maintenance to lower that rate. As leading roofing experts in Colts Neck, the team at Majestic Exteriors LLC explains the different roof conditions that contribute to your home insurance rates.

How Your Roof’s Condition Can Affect Your Home Insurance Rates

The most common aspects of a roof’s condition used to calculate insurance rates include the roof’s material, age, and overall condition.

The Roof’s Material

The type of material you use on your roof affects everything from the risk of damage during storms to the roof’s longevity overall. For example, asphalt shingles work for most homes but are more susceptible to damage, whereas slate tiles remain the most durable form of roofing.

The Age of Your Roof

Older roofs generally mean higher costs for home insurance policies. If you’re asking, “Does the age of your roof affect insurance rates?” check out the average lifespan of certain roof materials:

  • 15 to 30 years for asphalt shingles
  • 20 to 50 years for flat roofs
  • 35 to 40 years for wood shake roofs
  • 50 to 75 years for metal roofing
  • 50 to 100 years for clay or slate tile roofing

Because asphalt shingles have a shorter lifespan, a home insurance company might charge more for a 20-year-old asphalt shingle roof than a 55-year-old clay tile roof. Reputable roofing companies can help you determine which type of roofing would work best for your property and your budget.

The Condition of Your Roof

Your roof’s age and materials both affect the condition of your roof. Insurance companies charge higher rates for roofs in poor condition because the risk of severe damage is higher. Maintaining a structurally sound roof for any type of roofing material requires regular inspections and maintenance, plus repairs performed shortly after discovering damage. Keep your home insurance rate low by ensuring that your roof remains in the best condition possible.

Maintain Your Roof With the Help of Majestic Exteriors LLC

Does the age of your roof affect insurance rates? Yes, but you should also consider that insurance carriers look at the material and the condition of the roof as well. Whether you’re curious about home insurance rates or wonder, Is a new roof tax deductible?” call the roofing experts at Majestic Exteriors LLC in Colts Neck, NJ, at (848) 863-6775.