Average homeowners insurance cost in Broken Arrow, Oklahoma

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Our data shows that the average cost of homeowners insurance in Broken Arrow is $5,450 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1,000 deductible). It’s $2,868 more than the national average of $2,582 .

Homeowners insurance rates differ significantly from one home to another. Home insurance rates in Broken Arrow depend on several factors, including:

• Size of your home
• Age of your home
• Amount of coverage required
• Location
• Your credit score

To ensure you secure the best homeowners insurance policy, compare quotes from multiple insurers. This will enable you to find the coverage that aligns with your specific requirements.

Read this guide to learn how much homeowners insurance costs monthly in Broken Arrow, what home insurance costs for different dwelling coverage, and which companies offer cheap home insurance in Broken Arrow.

Average homeowners insurance cost per month

Residents of Broken Arrow pay an average of $454 per month for homeowners insurance. This is $25 less than the state average of $479 and $239 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Broken Arrow can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house

In Broken Arrow, OK, homeowners pay an average of $4,033 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas, resulting in costlier insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Broken Arrow

According to a rate analysis by Insure.com, homeowners in Broken Arrow pay an average of $5,450 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you’ll have to pay $1,417 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, its features, and the cost of living in your area.

Average homeowners insurance cost in Broken Arrow by company

Among the carriers we analyzed, State Farm is the most affordable homeowners insurance company in Broken Arrow, offering an average annual rate of $3,112 , while Allstate ranks second.

Researching a company thoroughly before selecting a homeowners insurance policy is essential – and we can help with that. We took a close look at all the insurance companies serving Broken Arrow and put together a list of the most affordable ones.

Here’s a look at the top home insurance companies in Broken Arrow and what you can expect to pay with each one on average.

Many insurance companies offer discounts to customers who bundle their policies. By combining your home insurance policy with other policies, such as auto insurance, you can lower your premiums and simplify your insurance management with one provider.

Natural disasters in Oklahoma that can impact your home insurance

Living in Oklahoma comes with the possibility of natural disasters that can cause serious damage to your home and belongings. From costly repairs to large insurance claims, the financial impact can be significant. That’s why it’s important to know which types of disasters are most common in your area before selecting a home insurance policy.

Understanding your local risks allows you to customize your coverage – whether that means adjusting your policy limits, choosing a higher deductible, or adding protection for hazards like floods or earthquakes. Planning ahead helps ensure you’re fully covered when it matters most.

Oklahoma is commonly affected by Heat wave and Ice storm.

How home insurance protects you against natural disasters

Home insurance protects your property and belongings from the financial impact of natural disasters. Home insurance can help pay for structural damage repairs, replace lost or damaged items, and provide funds for temporary housing if you can’t live in your home. This coverage provides financial relief, making it easier for homeowners to recover quickly from the effects of natural disasters.

While standard policies generally cover damage from windstorms, hail and lightning, additional coverage is required for disasters like floods, earthquakes and wildfires.

These types of damage are usually not covered by homeowners insurance, so homeowners need to buy separate flood or earthquake insurance to ensure complete protection.

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Broken Arrow for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.

Shivani Gite

Contributing Writer

 

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Shivani Gite is a personal finance and insurance writer with a degree in journalism and mass communication. She is passionate about making insurance topics easy to understand for people and helping them make better financial decisions.

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