Oklahoma is one of the most natural disaster-prone states in the nation, and it's a good idea to have homeowners insurance in case your home is damaged by something like a fire or tornado. Be sure to also get liability coverage. It will protect your assets if anyone is hurt on your property, or someone claims that their belongings have been damaged.
The cost of home insurance varies by the type and amount of coverage you select. Another factor that impacts your rates is the deductible you choose. Higher deductibles decrease premiums and lower deductibles.
Homeowners Insurance: Tips to Save on Cost
You should shop around for the best quotes to ensure you get the cheapest homeowners insurance. It will also ensure you're getting the best protection at the lowest price.
When comparing quotes, look for discounts and benefits that can help you save. For example, installing security devices, bundling your policy, being a loyal customer and even being claim-free can help you get a lower rate.
Some of the most common discounts include installing smoke detectors, deadbolt locks and burglar alarms. These can reduce your yearly rate by up to 30% or more.
You can also save money on home insurance by increasing your deductible and considering upgrading your coverage. You can choose to include extra coverage for valuable items or earthquake insurance.
Oklahoma doesn't mandate homeowners insurance. However, it is recommended. It protects your investment and gives you peace ofmind in case you have to replace your house.
Oklahoma homeowners' insurance policies average $4,331 annually, or $361 monthly. Although this is 128% higher than national average homeowners insurance of $1,899 there are still ways to lower your costs.
Farm Bureau
Farm Bureau can be a good option for those looking for affordable homeowners insurance in Oklahoma. It offers low rates and customer satisfaction ratings that are competitive. The company offers a variety of discounts including multi-policy discounts when you bundle home and auto insurance with the same provider.
#2: Shelter
Shelter, Oklahoma's top-ranked homeowners insurer, offers affordable premiums and comprehensive coverage against a range of weather-related risks. Shelter offers coverage against damage caused by fires, tornadoes, and hurricanes. It also covers paid debris removal, and reimburses fire department charges.
#3: USAA
For those who live in Oklahoma, USAA offers affordable homeowners insurance with many different benefits. USAA offers identity theft coverage as standard and discounts for bundling several policies, installing safety devices, being loyal, and having no claims for a time period.
Safeco
Safeco is popular among people who are looking for an affordable home insurance policy. The company offers many discounts to its customers, including protection against identity theft and for floods. They're a favorite among many Oklahoma residents because of their competitive prices and superior coverage. Other services include car, disability and life insurance.