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Oklahoma Home Insurance

Oklahoma home insurance provides the necessary property damage coverage for your home. There are a few different policies for single family homes that will insure your property and assets. The basic HO-2 policy covers damages caused by fire, smoke, hail, wind, falling objects, theft, vandalism, vehicles, aircraft, frozen pipes, a sudden cracking, and overflowing steam from air conditioners and water heaters. The broader HO-3 policy offers bodily injury liability coverage, as well as additional property damage coverage. When you purchase a home, the mortgage lenders usually require you to carry Oklahoma home insurance for the period of your loan.

Oklahoma Home Insurance Coverage

Oklahoma experiences many natural perils like tornados, thunderstorms, hail, and strong winds. These elements can cause many claims to arise in the area and have many dire effects on homes. A homeowner must be aware that flood damages will not be covered by Oklahoma home insurance. Homeowners must purchase additional flood insurance to cover damages caused by flood water. It is always good to review your “exclusions” section of your Oklahoma home insurance to see what may or may not be covered.

Oklahoma Home Insurance Rates

Oklahoma home insurance is one of the most expensive states to buy homeowners insurance. Oklahoma home insurance rates are so high due to the many tornados wreaking havoc in the state, as well as wildfires. This leads to increased claims and more payouts by the insurance companies. Of course, they have to raise the rates in order to compensate for the claims. In 2003, Oklahoma homeowners paid an average $925 for an annual premium. The Oklahoma home insurance rose 38.5% from 2001 to 2003.

Saving Money

In one of the most expensive states, many homeowners are trying to lower their premium costs. There are many ways to reduce your premium. You can begin by making small adjustments to your home. A homeowner could install storm shutters, reinforce a roof, and use stronger shingles on the roof to receive a discount from an insurance provider. Others have found that they can receive a discount when they buy more than one policy through the same provider. Before you buy your policy, be sure to shop around for the best deal. Many providers offer different rates for Oklahoma home insurance, depending on their previous year payouts and claims.

Oklahoma Department of Insurance

Oklahoma City Location:
2401 N.W. 23rd Street, Suite 28
Oklahoma City, OK 73107
1-800-522-0071 or (405) 521-2828


For other Oklahoma Insurance Resources, See:


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