How Much Does a Wood Stove Increase Home Insurance?

There is no doubt that a wood stove can increase the comfort level of your home on a cold winter day. But did you know that it can also impact your home insurance policy? In this blog post, we will discuss how a wood stove can affect your premiums, and what you can do to keep costs down. We will also provide some tips for choosing the right wood stove for your home!

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Understanding The Relationship Between Risk and Cost

When it comes to home insurance, there are a few things that you need to consider. One of those is the type of fuel that you use to heat your home. If you choose to use a wood stove, it is important to know that this could impact your rates. The reason for this is that wood stoves present a higher risk for fires. While the risk is not as high as it would be with an open flame, it is still higher than if you were to use a gas or electric heater.

This means that your home insurance company will consider your home to be a higher risk, and this will impact the cost of your policy. The good news is that there are a few things that you can do to offset this cost.

How to Offset Your Costs

Install Smoke Detectors

One way is to install smoke detectors and make sure that they are in working order. This is a great way to offset the cost of your policy because it will show the insurance company that you are taking steps to reduce the risk of a fire.

Have Your Wood Stove Inspected Consistently

You should also have your wood stove inspected on a regular basis to ensure that it is operating safely. Inspections typically cost between $50 and $100, but they are well worth the peace of mind. This is especially important if you have an older wood stove.

Choose a Higher Deductible

Another way to offset the cost of insuring a home with a wood stove is to purchase a policy with a higher deductible. This means that you will be responsible for paying more out of pocket if you need to file a claim. But it also means that your premiums will be lower.

Choosing the Right Wood Stove

When you are ready to purchase a wood stove, there are a few things that you need to keep in mind. First, you need to choose the right size for your home. If you choose a stove that is too small, it will not be very effective. And if you choose one that is too large, it could present a fire hazard.

You also need to consider the type of wood stove that you want. There are two main types: free-standing and insert. Free-standing stoves are less expensive, but they require more space. Insert stoves are more expensive, but they are easier to install.

Finally, you need to choose a wood stove that is certified by the EPA. This certification means that the stove has been tested and proven to meet strict emissions standards. Not all wood stoves are EPA certified, so be sure to ask before you make your purchase.

Talk to Your Insurance Agent

If you are thinking about adding a wood stove to your home, or if you already have one, it is important to talk to your insurance agent. They will be able to help you understand how this will impact your rates, and they can offer some tips on how to keep costs down.


A wood stove can be a great addition to your home, but it is important to understand how it will impact your insurance policy. The exact amount that your premiums will increase by will vary. Talk to your agent about your options, and be sure to take steps to offset the cost of insuring a home with a wood stove.

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