Home Insurance in Oklahoma City, OK
After a fire or other natural disaster, repairing or replacing your home can be relatively inexpensive with a plan for home insurance in Oklahoma City.
Oklahoma City is the capital of Oklahoma and its largest city with nearly 695,000 residents. A top 20 city by population, it's one of the largest cities by area with ample space for local attractions and a booming economy. The city's largest business sector is oil and gas, which might come as little surprise since it's in the middle of an active oil field. You can even see oil derricks around the Capitol building.
Oklahoma City is noted as one of the most affordable large cities in the country. The median household income is almost $60,000 which is approximately 35% of the median property value of $168,900. Despite these numbers, many people can't afford to replace their homes with their finances following a natural disaster or fire. Having home insurance in Oklahoma City protects both your residence and your money.
Whether you live in a condo in downtown Oklahoma City or a craftsman in the historic Crown Heights-Edgemere Heights neighborhood, your home is at risk from certain events. Oklahoma City is located in a part of the country that is prone to natural hazards, including earthquakes, flooding and wildfires. Oklahoma City is also a place that sees high tornado activity, including five in one day multiple times. Home insurance in Oklahoma City may or may not cover all of these perils, but VIU by HUB can help you find the best plan for your household.
The state of Oklahoma doesn't require residents to carry insurance; however, if you're financing your home, your lender may require you to have a policy. Generally, home insurance in Oklahoma City will cover your home and its contents from these perils:
Your policy should also cover personal liability, useful if someone else is injured or has property damaged in your home. Most policies also cover things like temporary housing, offsite storage and medical bills for injured third parties.
Oklahoma City residents pay $8,142 annually for insurance, well over the state average and the national average of $2,412. This is mainly due to the high occurrence of natural disasters in the state. Your annual premium will be impacted by these factors:
Other factors such as the condition of your roof and the type of dog you own can also influence your premium. You may qualify for discounts that can also mitigate some of these factors. VIU by HUB helps you compare quotes from different providers to not only save money but also find home insurance in Oklahoma City that is right for you.
This information is intended for general informational purposes only and is not intended to constitute legal advice.
