Rising Insurance Premiums? A New Roof Might Actually Save You Money
If you’ve opened your latest homeowners insurance bill and noticed it’s higher than last year, you’re not alone. Premiums are climbing across the country, and South Carolina homeowners are feeling the effects, too. Storm damage, inflation in building materials, and aging infrastructure have all pushed insurance premiums upward. For many homeowners, though, there’s a surprising way to fight back.
When people think about their homeowners insurance, or even their home in general, the roof of their property is one of the last things they think about. However, it can be one of your biggest expenses, and your biggest money-saver.
Why Insurance Costs Keep Climbing
From 2021 to 2024, insurance carriers raised rates in almost every U.S. market, with more than one-third of homeowners seeing increases of 30 percent or more. In South Carolina specifically, premiums are projected to rise by another 15 percent by mid-2026, driven by rising rebuild costs and greater risk from hurricanes and severe weather. One of the biggest factors insurers look at when calculating your premium is the condition of your roof. An older roof means more claims from:
- leaks
- storm damage
- structural issues
- or just pure age alone
Insurance companies see this as a higher risk, and they price your policy accordingly. In fact, studies show that homes with poor roof condition can incur up to 60 percent higher insurance loss costs compared to homes with well-maintained or newer roofs.
How a New Roof Can Lower Your Premium
Installing a new roof signals to insurers that your home is less likely to suffer costly damage. With newer materials and a newly-inspected roof, you are more likely to find yourself having a situation involving your roof, leading to less-needed coverage overall. Many carriers reward that lower risk with discounts that range anywhere from 5 to 35 percent, depending on the material used and your location. Metal roofing, impact-resistant shingles, and other durable materials not only last longer but also help qualify for better insurance terms.
Even beyond discounts, replacing your roof can ensure you keep your coverage. Some insurers will not renew policies on homes with roofs over a certain age, while others may shift coverage from replacement cost to actual cash value. The average roof should be replaced every 20-30 years depending on the materials. So if your roof is in that age range, you’re more likely to see a skyrocket in your insurance premiums.
The Long-Term Savings
It’s true that a roof replacement is an investment. However, when you consider the potential savings on your insurance premiums, combined with the added value and protection for your home, the decision often pays for itself. Add in the peace of mind that comes from knowing your roof is strong enough to handle the next coastal storm, and it becomes one of the smartest home improvements you can make.
Lower Your Insurance Premiums with Carolina Custom Contractor
If your roof is aging, damaged, or simply not up to today’s standards, now is the time to act. Carolina Custom Contractors specializes in professional roof installations and repairs, using quality materials designed to withstand the Carolina climate. Whether you need a maintenance check, a ventilation upgrade, or a complete inspection, our experienced team can help ensure your roof is performing at its best.
Click here for a free consultation so our team can get a better idea of your project!