02/21/2024
This is the most comprehensive and thorough article on the subject of homeowners insurance rates that I’ve seen in some time, and the figures are current. There are a lot of good pointers as well for homeowners.
Oklahoma has exceeded all other states in average premium by a fairly large margin now. Keep in mind, the dwelling coverage amount of your home is not based on its value, but the cost to replace/rebuild/repair, and that changes very little from one region of the country to the next.
My average homeowners rate when I sold my agency in Oklahoma in 2008 was about $1200, it is now almost $6000.
Colorado ranks among several other southern and midwestern states as containing some of the highest rates nationally. We are currently experiencing the tightest market I’ve ever seen in my career. There has never been a time in which having an experienced agent working for you, has been more valuable.
If you have questions, please never hesitate to reach out to us!
https://www.marketwatch.com/guides/insurance-services/average-home-insurance-cost/ #:~:text=Oklahoma%20homes%20carry%20the%20most,can%20impact%20your%20insurance%20costs.
Discover the average home insurance cost in your area and find out how to get a lower price for your policy.