Are you thinking about buying a home in Broken Arrow, Oklahoma? That’s great! Broken Arrow is one of the best places to live in Oklahoma and one of the largest cities in the state. Located in the northeastern part of the state, Broken Arrow establishes itself as the largest suburb in Tulsa. With that being said, you might be wondering how much homeowners insurance will cost you. At Insure 918, a home insurance agency in Oklahoma, we often get this question from clients looking to buy a home in Broken Arrow or are looking for better offers in general. Luckily, our team of agents are ready to better assist you in choosing the best rates for your home. Let’s take a look at the average cost of homeowner insurance in Oklahoma and in Broken Arrow.

What is the average insurance cost of an Oklahoma home?

The average cost of homeowner insurance in Oklahoma is $1,885 annually, which is higher than the national average of $1,383 per year. Now if you’re wondering why it’s more expensive than other states, there’s actually a good reason behind it. The state of Oklahoma tends to have expensive insurance rates because it has a high chance of experiencing storm damage. In terms of the state geographics, the Oklahoma homeowners are more likely to have property damage caused by thunderstorms than anywhere else in the nation. Thunderstorms and hailstorms are capable of devastating your home and the surrounding areas. In some cases, it might even start fires around the affected area.

The average home insurance cost in Broken Arrow

In Broken Arrow, Oklahoma, homeowners pay an average rate of $1,568 per year. This is higher than the national average of $1,383 per year but still below the state average of $1,885 per year. Like most home insurance rates, this can vary based on the value of your home, the condition of the home, and the size of your deductible. The average home value in Broken Arrow is about $212,786, which is a bit lower than the national average of $269,000. One thing that’s usually covered in your premium in Broken Arrow is storm damage. Homeowners have a higher risk of damage caused by severe storms and high winds than anywhere else in the state. This says a lot considering Oklahoma experiences a lot of thunderstorm damage. Luckily, your homeowner insurance can help you out on that end. The only exception would be flood damage, which requires a supplemental flood insurance policy. 

How to choose the best homeowner insurance rates?

There are a couple things to consider when choosing the best rates for your home. First, you would want to compare quotes with different companies to see which one is the most affordable and provides the best coverage. Each company has a different way of calculating their rates, so pay close attention to what is being said on paper. Next, you want to check for deductibles and see who offers the highest discount. Lastly, you would want to see how fast these companies move by checking their processing speed. Normally, homeowners have a 10-30 day time period to file a claim. Once the claim is filed, the insurance could take no more than 40 days to process it and decide if it’ll be accepted or denied. We recommend that you go for whoever can move the fastest.

Ready to talk about your homeowner insurance in Broken Arrow?

Insure918 was developed to be a one stop shop for all of your personal and commercial insurance needs. With access to hundreds of carriers we are able to find the right policy for your specific needs. All insurance companies have their own preferred client and/or specific geographic areas that they serve. But at Insure918, we shop multiple carriers to make sure we can find you the best protection for the best price. Our mission is to be the number one choice for home, auto, and business insurance in the 918-area code. We do this by providing our customers with the best carrier options and customer service experience in the industry while offering peace of mind. Our customers are our neighbors, families, and friends and will feel our genuine concern for their needs at the first interaction whether that be in-office, over the phone, or online.

 

Call us today at 918-525-0005 to schedule an appointment or feel free to email us directly at eric@insure918.com