Does a Metal Roof Really Lower the Cost of Home Insurance?
Your homeowners insurance rates can depend on an array of factors. Here are four of the most common ones.
For homeowners in Minnesota and Western Wisconsin, your roof can affect how much you pay for insurance. Hail, wind, snow, and fire are common risks here. Because metal roofs hold up better, many insurance companies consider them lower risk.
If you’re considering a metal roof, a professional inspection can help determine whether your home may qualify for insurance savings.
Savvy owners know there are steps they can take to lower their homeowner’s insurance rates. And if you’re one of those, you may have heard rumors about roofing and its relationship to premium costs. Well, it’s true that the installation of long-lasting roofing materials can help you save money on home insurance. That’s because the risk of an insurance company having to cover a roof replacement due to storm damage is minimal. In fact, insurance companies cover metal roofs and often offer a discount for their installation. Here’s what you need to know.
Does A Metal Roof Always Lower Your Insurance?
Bear in mind that metal roof insurance may not be lower than other roofing materials. However, companies like Progressive do consider the type of roof material you have and admit that there is often a metal roof insurance discount. Before you pull the trigger on a new roof installation, verify how much a metal roof saves on insurance with your agent.
Homeowners Insurance And Metal Roofs
There are many reasons a new metal roof may qualify for an insurance discount. In the Upper Midwest, insurers often look at several key factors. Here are the most cited:
Longevity
Metal roofs can last 50 years or more. This makes them more appealing than cedar shake roofs, which have limited lifespans. Metal roofing also has warranties that state they will not warp, crack, chip, or peel.
Durability
A home’s roof is exposed to the elements year-round. Metal roofing holds up well in extreme heat and cold. Its design allows it to shed rain, snow, and ice dams, and it also resists high winds.
Metal roofing has the highest possible impact-resistance rating, which makes metal roofs unlikely to suffer hail damage.
This durability matters in Minnesota and Wisconsin. Hailstorms and freeze-thaw cycles are common here.
Bonus read: Find A Roofing Contractor to Help with Your Hail Damage Roof Insurance Claim
Fire Resistance
Another way a metal roof can lower your insurance is through fire resistance. This material won’t combust under fire, and while over time, it can melt, but few fires are hot enough to make this happen. If you’re considering a metal roof, opt for one that has a Class A rating, which is the best fire protection.
Myths About Metal Roofs
Even after finding out the answer to whether a metal roof can lower the cost of home insurance is “yes,” some homeowners are still deterred because of metal roofing myths and online misinformation.
One common misconception is that metal is louder than asphalt roofing. In fact, if there is proper attic insulation, a metal roof can prevent loud noises, even during storms.
Another common misconception is that metal roofs are more likely than other materials to encounter a lightning strike. This is not true. If a lightning strike does happen, a metal roof is less likely to ignite than cedar shake or asphalt roofing.
Frequently Asked Questions About Metal Roofs and Insurance
Do Insurance Companies in Minnesota Offer Discounts for Metal Roofs?
Many insurance companies in Minnesota see metal roofs as lower risk. Discounts vary by provider. Durability, fire resistance, and hail resistance often play a role.
How Much Can a Metal Roof Lower Insurance Premiums?
Insurance savings depend on the provider and the roof installed. Some homeowners see small discounts. Others save over time because metal roofs last longer and lead to fewer claims.
Does Installation Quality Affect Insurance Discounts?
Yes. Proper installation matters. Insurance companies review roof age and installation records.
A Final Word On Metal Roof Insurance
To learn more about homeowners insurance and metal roofs, it’s wise to consult your agent. They can guide you on the roofing criteria needed to lower your insurance rates. Your insurance agent can also provide details regarding a metal roof insurance discount and give names of reputable roofers.
If you’re looking for a reliable roofing contractor, we have decades of experience along with offering a lifetime workmanship guarantee. If any of our installations fail, rest assured, the replacement will be covered at no cost to you. Learn why many homeowners choose Lindus Construction for their metal roof installations and contact us today if you have any questions.
