Home Insurance Companies Are Leaving Oklahoma – Where to Find New Coverage

If your home insurance company has recently dropped you or raised your home insurance rates, you’re not the only one. Many homeowners across Oklahoma are looking for new coverage. This includes people in Oklahoma City, Norman, Edmond, and smaller towns like Noble and Newcastle.

• Some Areas Are Getting Hit Harder Than Others
• Why Are Insurance Companies Leaving Oklahoma?
• How to Find New Home Insurance Coverage in Oklahoma
• Frequently Asked Questions

Several large home insurance carriers have stopped writing new homeowners insurance policies or are leaving the state altogether. This growing insurance crisis is leaving families wondering what happened — and more importantly, what to do next. Let’s take a closer look at why this is happening and how you can still find affordable, reliable property insurance coverage for your home.

1. Some Areas Are Getting Hit Harder Than Others

Not every part of Oklahoma is being affected the same way. Insurance companies tend to pull out of areas they consider high-risk, meaning places that have seen repeated natural disasters and heavy insurance claims in recent years.

Cities like Moore, Norman, and the Oklahoma City metro have experienced severe hail damage, windstorms, and winter weather that caused millions in roof and siding repairs. Many insurance companies have stopped offering affordable home insurance there because they see the natural disaster risk as too high due to these natural catastrophes.

In rural areas and eastern Oklahoma, including counties like McCurtain and Choctaw, some companies are leaving because of the growing danger of wildfire damage. Droughts, rising temperatures, and climate change have increased the wildfire risk, making it easier for fires to spread and destroy property.

When a major home insurance carrier leaves, homeowners in smaller towns often have fewer coverage options. Working with a local independent insurance broker can help you find better solutions. They understand your community and the Oklahoma Insurance Department’s guidelines. This can make a big difference when home insurance costs rise and insurance policy nonrenewals increase.

2. Why Are Insurance Companies Leaving Oklahoma?

Insurance companies are leaving Oklahoma for several reasons, and most of them come down to costs, claims, and climate. Oklahoma’s weather is unpredictable and severe. From hail damage and tornadoes to wildfire damage and even winter storms, insurers are paying out more in insurance claims than they’re collecting in insuranc

e premiums.

Another major factor is reinsurance — the insurance that insurance companies buy for themselves. Reinsurance costs have gone up nationwide, and when that happens, local insurers feel the squeeze. To stay profitable, they either raise rates, tighten their rules, or stop doing business in high-risk states like Oklahoma altogether.

Some insurers also point to rising construction costs and falling property values in certain areas. When materials and labor become more expensive, claims cost more to settle. A roof that once cost $10,000 to replace might now cost $16,000 or more, driving up home insurance premiums.

The Oklahoma Department of Insurance has been tracking this closely as part of broader insurance market challenges affecting other states. Experts say climate-related damage — including severe storms, droughts, and climate shocks — is increasing. These pressures have created a climate crisis that’s changing how property insurance works nationwide.

Because of all this, insurers are becoming more cautious. Some are limiting new homeowners policies, while others are leaving the market altogether. The result is fewer choices for homeowners and higher home insurance costs for those who remain.

3. How to Find New Home Insurance Coverage in Oklahoma

The good news is that Oklahomans still have coverage options — but findi

ng the right home insurance policy may take a little more effort.

Start by working with a local independent insurance broker or agent. Unlike agents who only represent one company, independent agents can compare coverage options and quotes from several different insurance carriers at once. In cities like Oklahoma City, Norman, and Edmond, this can help you find better prices and property coverage that fits your needs.

It’s also important to ask the right questions before you buy. Some companies now have stricter rules about roof age or require higher deductibles for wind and hail damage. A thorough home inspection can sometimes help show insurers that your home is well maintained and worth covering. Knowing these details upfront can help you avoid surprises later.

You can also take steps to make your home more appealing to insurers. Reducing natural disaster risk by installing impact-resistant shingles, reinforcing garage doors, trimming trees, and adding storm shutters can help. These improvements may even qualify you for discounts on your homeowner’s insurance.

If you live in a smaller or higher-risk area, you may need to look at specialty property insurance or surplus-line insurers. These companies are designed to cover homes that don’t meet traditional underwriting rules. While they may cost more, they can be a good solution when other options aren’t available.

The Bottom Line

It’s true — some home insurance companies are leaving Oklahoma, but that doesn’t mean you’re out of luck. Every city and county faces its own risks from natural disasters, and understanding those risks is key to finding the right homeowners insurance policy.

If your insurance carrier is leaving or your renewal notice comes with a major premium increase, don’t wait until your policy expires. Contact a trusted local agency like Jim Holmes Insurance. Their agents understand Oklahoma weather and work with multiple insurance companies to find the best coverage options for you.

The insurance market may be changing, but with the right guidance and local expertise, Oklahomans can still protect their homes, families, and futures with confidence.

Ready to Find Better Home Coverage?

Don’t wait for another surprise notice in the mail — make sure your home is protected by a company that’s here to stay.

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• If you’d rather talk it through, call us today at (405) 321-4664. Our friendly team will answer your questions, explain your coverage options, and help you find the right home insurance policy for your Oklahoma home — all without the stress.

At Jim Holmes Insurance, protecting your home from natural catastrophes and the growing climate crisis is what we do best.

Frequently Asked Questions