When Sarah and her husband David bought their home in Moore, OK, they were thrilled. A cozy three-bedroom, a big backyard for their kids and Daisy the rescue pup 🐶—it felt perfect.

Then their home insurance bill arrived.
“It went up again?” Sarah asked. The number had jumped. A lot.

They’re not alone. Homeowners across Oklahoma City, Moore, and beyond are asking the same thing:
Why are insurance premiums in Oklahoma so high—especially compared to the national average?

Let’s break it down.

1. Oklahoma Gets Hit Hard by Severe Weather 🌪️

From tornadoes and hail storms to ice storms and wild wind events, Oklahoma is no stranger to extreme weather.

Last spring, Sarah and David heard the sirens blare as skies turned green. A tornado swept through their neighborhood. Their home was okay, but a neighbor’s roof was torn off. The repairs? Costly—and covered by insurance.

This kind of property damage isn’t rare. In fact, Oklahoma ranks near the top for billion-dollar disasters. That puts pressure on the entire insurance market, leading to higher insurance costs for everyone—whether you’ve had a claim or not.

2. More Claims = Higher Premiums 📄 

Even if your home has never been hit, your ZIP code matters. In areas like Moore, insurers pay out more frequently due to weather-related claims. And that higher risk is reflected in your annual premium.

Homeowners insurance companies use regional data to set prices. That means your rates go up when neighbors file claims—even if you haven’t. It’s one of the major factors behind rising average home insurance premiums in Oklahoma.

3. Rebuilding Costs Keep Climbing 🔨 

After a storm, it’s not just the roof—it’s the labor, materials, and delays. Lumber, shingles, and contractor rates have surged in recent years due to inflation and supply chain issues.

Insurers base your policy on what it would cost to rebuild your home today, not what you paid for it. So even minor damage in today’s market leads to higher insurance expenses across the board.

That’s one reason Oklahoma’s average home insurance cost is far above the national average—and rising.

4. Fewer Insurance Companies = Less Competition 🧳 

Due to increasing risk and losses, some private insurance companies are pulling out of Oklahoma altogether.

That leaves fewer options for consumers, especially in larger cities like Oklahoma City. Less competition means higher insurance prices, fewer insurance discounts, and less flexibility in coverage.

Even insurance regulators are monitoring the situation as insurance products become more limited in storm-prone states.

5. Older Roofs Mean Higher Risk 🏚️ 

Sarah and David’s roof was 17 years old. It looked fine—but their insurer flagged it as a problem.

Many carriers won’t offer lower rates—or coverage at all—if your roof is older than 15 years. That’s because older roofs are more vulnerable to hail damage and wind uplift.

Upgrading your roof (especially with impact-resistant materials) can lower your annual cost and increase your protection. It may also qualify you for additional coverages under your insurance policy.

6. Credit Score Impacts Your Rate 💳 

Even with no claims history, Sarah and David saw a rate increase—because of a dip in their credit-based insurance score.

In Oklahoma, insurers are legally allowed to factor in credit when calculating insurance quotes. And it can be a big deal: homeowners with lower scores often pay significantly more.

An independent insurance agent can help you find carriers who offer better rates based on your situation and bundle in auto insurance for added savings.

7. Your ZIP Code Matters More Than You Think 📍 

Two homes. Same size. Same age. Very different rates.

One might be in a neighborhood with a history of flood damage, severe thunderstorms, or break-ins. The other? Not so much.

That’s why average premiums vary—even across the same city. Insurers price by risk, and that risk is often based on location-specific data. Websites like News 9 and FEMA flood maps can help you understand what’s influencing your coverage limits.

What Sarah & David Did About It ✅ 

Instead of just accepting a higher rate, they took action:

• ✅ Installed a monitored security system and protective devices
• ✅ Bundled their auto insurance and homeowners insurance for a multi-policy discount
• ✅ Compared carriers with help from an independent insurance agent
• ✅ Started saving to replace their roof
• ✅ Worked on improving their credit

Small changes. Real results. Their annual rate went down—and their insurance coverage improved.

The Bottom Line 🎯 

Yes, homeowners insurance in Oklahoma is expensive. But there’s a reason why.

Between natural disasters, rising repair costs, fewer carriers, and location-based risk, Oklahoma homeowners face unique challenges. But there are options—if you know where to look.

Understanding your policy limits, improving your credit, and working with a trusted advisor can make a big difference.

Ready to See if You’re Overpaying? 📞 

You deserve the right coverage at the right price—without the stress.

Let’s make it easy:

• Request your free, no-obligation quote now by Clicking Here!
• Prefer to chat? Give us a call at (405) 321-4664
• Explore your options anytime at jimholmesinsuranceok.com

Whether you’re buying your first home, renewing your policy, or just curious about how much you could save—we’re here to help every step of the way.