Does a Swimming Pool Increase Homeowners Insurance? A Deep Dive

As a homeowner, the thought of adding a swimming pool to your property can be both an exciting and stressful process. While the idea of pool parties, sunbathing, and fun for the children can be enticing, there are some important factors to consider. One question that insurance companies often get asked is, “Does having a swimming pool increase my homeowners insurance?” Let’s find out.

Does Putting in a Swimming Pool Increase My Homeowners Insurance Premiums?

In short, yes, installing a swimming pool can cause your homeowners insurance rates to rise. From the insurance company’s perspective, a swimming pool presents some concerns. This increased risk tends to make your coverage more expensive.

Understanding the Risk Factor

A significant part of your homeowners insurance is allocated towards liability costs – that is, the costs you amay incur if someone is injured on your property. Unfortunately, pools increase the odds of such incidents, with scenarios ranging from minor slips and falls to more serious, potentially tragic accidents like drowning. According to the CDC, there were around 3,536 non-boating-related drownings in the US from 2005-2014. The possibility of such serious accidents is a key reason why additional coverage is needed.

Unpacking the Costs

The actual hike in your insurance cost depends on several factors. The size and type of your pool (above-ground or in-ground), as well as the safety measures in place such as fencing, pool covers, and locks, can all influence the final cost. While averages suggest homeowners may see their insurance premium rise by $50 to $75 annually, in certain high-risk areas or where pools are less common, this increase can be significantly more.

Controlling the Risks and Costs

Worry not! There are steps you can take to manage both the risks and the costs associated with owning a swimming pool.

First, make safety a priority. Adding a self-closing, self-latching fence that’s at least four feet tall around the pool can dramatically decrease the risk of accidents. Installing alarms on doors and gates leading to the pool area, and using pool covers when the pool isn’t in use, also add extra layers of safety.

Next, consider taking a CPR and First Aid course. You’ll not only gain potentially life-saving skills, but some insurers may even offer a discount if you’re certified.

Lastly, don’t forget regular pool maintenance. A well-cared-for pool is less likely to be the cause of injuries, which could mean fewer claims and lower insurance rates.

The Bottom Line

While it’s true that a swimming pool can bump up your homeowners insurance premiums, there are many proactive steps you can take to manage the risks and costs. Your pool should be a source of joy and relaxation. By staying informed and maintaining your pool diligently, you can make your dream of owning a swimming pool both enjoyable and affordable.


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