Comparing similar properties in different location/insurance cost

[Marco Trimborn]

Hi,

I own several properties in Charlotte and Indianapolis. I use the same carrier to insure them in both locations, however, the insurance in Charlotte seems to be vastly cheaper than the ones in Indianapolis, even though the coverage amount is roughly the same (150k replacement value). The ones in Indianapolis even have higher deductibles (5% vs 4%).

I don t see that either of those cities carries a huge natural desaster risk...so I was just wondering what explains those differences in price?

Thank you

Marco