Many homeowners turn to wood stoves as a source of warmth during the colder months. Not only do these efficient appliances provide heat, but they also add a touch of cozy ambiance to any room. However, before installing a wood stove, it’s important to consider its potential impact on your home insurance rates. Will they go up? And by how much exactly? In this article, we’ll take a closer look at how installing a wood stove can affect your home insurance costs and what factors to consider when making your decision.

1. Understanding the Impact of Wood Stoves on Homeowners Insurance Premiums

Wood stoves are becoming an increasingly popular source of heat for homeowners. While they can bring warmth and ambiance to a home, they can also increase the cost of homeowner’s insurance premiums. It’s important to understand the impact of wood stoves on homeowners insurance premiums before purchasing a stove for your home.

Factors that Influence the Increase in Home Insurance Costs with Wood Stoves

The following factors can influence the increase in home insurance costs with wood stoves:

Location: Your location can impact the cost of homeowner’s insurance. Some states have higher rates for certain types of disasters, such as wildfires. If you live in a high-risk area, your premium will likely be higher.

Type of Wood Stove: The type of wood stove you choose can also affect your premium. Modern, EPA-certified stoves that have safety features and are installed by a certified professional can result in lower premiums. Older, less efficient stoves that may have safety concerns can increase your premium.

Chimney and Flue Maintenance: Your chimney and flue must be maintained to prevent fires and ensure proper ventilation. Proper maintenance of your wood stove’s chimney and flue can result in lower premiums as it reduces risk.

How to Shop for Insurance Policies that Account for Wood Stove Usage

When shopping for homeowner’s insurance, it’s important to let your insurance agent know that you have a wood stove installed. They can help find policies that account for the increased risk of having a wood stove in your home. Look for policies that provide coverage for damages caused by wood stoves and make sure that your coverage limits are high enough to protect you in the event of a fire.

Cost-Cutting Tips to Keep Home Insurance Affordable with a Wood-Burning Stove

You can take several steps to reduce the cost of your homeowner’s insurance with a wood-burning stove:

– Install an EPA-certified stove.
– Hire a certified professional to complete the installation.
– Have your chimney and flue inspected and cleaned at least once a year.
– Install a smoke detector and a carbon monoxide detector in the same room as your wood stove.
– Consider increasing your deductible to reduce your premium.

Comparing Home Insurance Quotes: How much extra does a Wood Stove Add to your Annual Premium?

The cost increase for homeowner’s insurance with a wood stove can vary depending on location, type of stove, and other factors. Some homeowners have reported premium increases of up to 20%. It’s important to compare quotes from multiple insurance providers to find the best coverage at the lowest cost. Make sure all of the quotes you receive account for the installation of your wood stove in their calculations.

2. Factors that Influence the Increase in Home Insurance Costs with Wood Stoves

Installing a wood stove in your home can bring several benefits, such as reducing heating bills and adding comfort during cold winters. However, it can also affect your homeowners insurance costs in several ways. Here are some of the factors that insurers consider when determining the premium increase for homeowners who install a wood stove:

1. Fire Risk

Wood stoves increase the risk of fire in your home, especially if it’s not installed correctly or maintained properly. Insurance companies evaluate the age, type, and condition of your stove, as well as the chimney and venting system, to assess the likelihood of a fire and the potential damage it could cause. If your wood stove has safety features such as a fireproof hearth or a spark arrestor, it may qualify for a lower premium increase or a discount.

2. Location

Where you live can also impact the cost of insuring a wood stove. Some states or municipalities have stricter regulations for wood stoves, such as requiring permits, chimney inspections, or compliance with emission standards. If you live in an area with a higher risk of wildfires or severe weather events, your insurance premiums may also be higher.

3. Usage

The frequency and duration of using your wood stove can also affect your insurance costs. If you use your stove occasionally for supplemental heat, your premium increase may be lower than if you use it as your primary heat source. Insurance companies may ask for proof of chimney cleaning and stove maintenance, as well as the type and quantity of wood you use, to assess the risk of a fire or carbon monoxide poisoning.

By understanding these factors, you can make a more informed decision about installing a wood stove and finding the right homeowners insurance policy that fits your needs and budget.

3. How to Shop for Insurance Policies that Account for Wood Stove Usage

If you have a wood stove, it’s important to make sure your insurance policy accounts for it. Here’s what you should look for when shopping for insurance:

1. Find an insurer who covers wood stoves

Not all insurance providers cover wood stove usage, so it’s important to find one who does. When researching potential insurers, make sure to check their policy documents to ensure that wood stoves are included in their home insurance policies. You can also speak with an insurance agent to confirm if they offer coverage for wood stoves.

2. Look for discounts

Many insurers offer discounts for homes with wood stoves if they meet certain safety requirements. For example, insurers may require the stove to be professionally installed and inspected by a licensed technician. Additionally, homes with wood stoves may also have smoke detectors and fire extinguishers nearby. Check to see if your wood stove meets these requirements to potentially qualify for discounts on your insurance policy.

3. Understand coverage limits

Your insurance policy may have coverage limits when it comes to wood stove-related incidents. For example, some policies may only cover up to a certain amount for damage caused by a wood stove fire or may only cover liability damage if it was caused by negligence. It’s important to understand your coverage limits so you can make informed decisions about the type of coverage you need for your wood stove.

By taking these steps, you can find an insurance policy that accounts for your wood stove usage and provides the right coverage for your needs. Don’t overlook the importance of having the right insurance in place to protect your home and family.

4. Cost-Cutting Tips to Keep Home Insurance Affordable with a Wood-Burning Stove

If you have a wood-burning stove in your home, it’s important to understand that it may increase your home insurance premiums. However, there are some cost-cutting tips you can use to keep these costs as low as possible. Here are some things to keep in mind:

1. Choose a High-Deductible Policy

When shopping for home insurance, consider getting a policy with a high deductible. This will lower your monthly premiums and make it easier to afford insurance with a wood stove. Keep in mind that you’ll need to pay more out of pocket if you ever need to make a claim, so be sure to weigh those costs against the monthly savings.

2. Install Safety Features

Installing safety features in your home can help lower your insurance premiums. This includes things like smoke detectors, fire alarms, and carbon monoxide detectors. By taking steps to prevent fires and other hazards, you’re demonstrating that you’re a responsible homeowner and less of a risk to the insurance company.

3. Shop Around for Quotes

Don’t settle for the first home insurance policy you come across. Shop around and get quotes from multiple providers. Be sure to let each provider know about your wood stove so they can accurately factor it into the policy. Comparing quotes will give you a sense of what you can expect to pay for insurance, and it may help you find a policy that’s more affordable than expected.

By following these cost-cutting tips, you can help keep your home insurance premiums as low as possible, even with a wood-burning stove. Keep in mind that you’ll still need to be careful with your stove and take precautions to prevent fires and other hazards. This will help keep your family safe and ensure that you don’t run into any problems with your insurance provider.

5. Comparing Home Insurance Quotes: How much extra does a Wood Stove Add to your Annual Premium?

If you are planning to install a wood stove in your home, you may be wondering about the impact it will have on your homeowners insurance premiums. It’s important to understand that wood stoves can increase your insurance costs, but the exact amount can vary depending on a variety of factors. In this section, we’ll explore how much you can expect to pay for home insurance with a wood stove and how to find the best rates.

When comparing home insurance quotes, it’s important to provide accurate information about your wood stove usage. Some insurance companies may require you to provide details about the stove’s make and model, installation, and maintenance records. Others may simply ask if you have a wood stove and how often you use it. Be sure to answer these questions truthfully to avoid any potential issues later on.

On average, homeowners can expect to pay an additional 5-15% on their insurance premiums after installing a wood stove. However, the actual cost will depend on a number of factors, including the type of wood stove, how often you use it, and your home’s location and age. For example, if you live in an area with high wildfire risk, or if your home is older and less fire-resistant, your insurance costs may be higher.

To find the best rates for home insurance with a wood stove, consider reaching out to multiple insurance providers and requesting quotes. Be sure to compare the coverage limits, deductibles, and exclusions of each policy to get a complete picture of the costs and benefits. Additionally, look for providers that offer discounts or other incentives for homeowners with wood stoves, such as additional fire prevention measures like fire alarms and fire extinguishers.

Overall, while installing a wood stove can bring warmth and comfort to your home, it’s important to understand the impact it can have on your insurance premiums. By shopping around and providing accurate information about your wood stove usage, you can find a policy that offers both the coverage you need and the affordability you want.

People Also Ask

Does having a wood stove affect homeowners insurance?

Yes, having a wood stove installed in your home can affect your homeowners insurance. It can potentially increase your premiums due to the increased risk of fire and smoke damage.

Why do wood stoves affect insurance?

Wood stoves pose a higher risk for fires and smoke damage, which can result in more expensive insurance claims. Therefore, insurance companies will often charge higher premiums to homeowners with wood stoves to offset this increased risk.

How much does insurance increase with a wood stove?

The exact amount that insurance increases with a wood stove will vary depending on several factors, such as the insurance company, the type of wood stove, and the location of the home. However, homeowners can typically expect to pay an additional $100-$300 per year in insurance premiums.

Can you get insurance with a wood stove?

Yes, you can still get insurance if you have a wood stove installed in your home. However, some insurance companies may refuse to cover homes with certain types of wood stoves or charge higher premiums to do so.

What can I do to lower my insurance premium with a wood stove?

One way to potentially lower your insurance premium with a wood stove is to install safety features such as fire alarms and carbon monoxide detectors near the stove. By reducing the risk of fires and smoke damage, you may be able to negotiate lower insurance premiums with your provider.


In conclusion, having a wood stove can increase your home insurance premiums due to the higher risk of fire and smoke damage. However, there are steps you can take to potentially lower your premiums, such as installing safety features near the stove. It’s important to shop around and compare insurance options before making a final decision, as rates can vary between providers.