09/02/2026
π WHY DOES MY HOME INSURANCE COST MORE THAN IT USED TO?
If your homeowners insurance premium has gone up, you're definitely not alone.
Homeowners insurance costs have been increasing across the country. Recent NAIC analysis found inflation-adjusted premium increases ranging from 18.3% to 43.3% by region since 2018, with claim frequency and severity also generally increasing.
And Oklahoma has been one of the states where homeowners insurance premiums have become a larger share of household income.
Why?
π Higher home repair and rebuilding costs
πͺοΈ More frequent/severe weather losses
π¨ Higher labor and material costs
π Changes in insurance company rates and underwriting
The good news? You don't have to simply accept your renewal price without reviewing your options.
Petra Insurance can shop your coverage and help you make sure you're getting the protection you need at a competitive price. Call us today, we are happy to help! 918-897-3872