Location has a considerable impact in the price of your condo insurance. Insurers consider weather, population, claim history, and risk factors associated with your area. Homes near wooded areas are at risk of fires and may see higher rates as a result. Homes near intersections or hazardous roads may also see higher rates. Insurers will also look at crime rates within your area to gauge your potential for assistance. Claims will be higher as to compensate for accidents, theft, or inclement weather that could lead to damage. It may be beneficial to note that condos with nearby fire hydrants regularly experience lower premiums since this decreases the chances of your home burning down. An analysis of your condos COPE; construction, occupancy, protection, and exposure, will better determine what your rate will be.