Average homeowners insurance cost in Broken Arrow, OK

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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 $1000 deductible), based on Insure.com’s rate data analysis. It’s $2,868 more than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Broken Arrow depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Broken Arrow, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Broken Arrow.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Broken Arrow.

Key takeaways

Homeowners insurance costs $5,450 per year in Broken Arrow.
At $3,112 per year, State Farm offers the cheapest homeowners insurance in Broken Arrow.
Your home insurance rates increase by $1,417 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Broken Arrow per month

Broken Arrow homeowners pay an average of $454 a month, based on our rate analysis. It’s $25 less than the state average of $479 and $239 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Broken Arrow may vary depending on where you live, the value of your home, and the coverage you choose.

Average homeowners insurance cost for a $200,000 house in Broken Arrow

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 are higher, resulting in higher 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

Based on a rate analysis conducted by Insure.com, Broken Arrow residents pay an average of $5,450 per year to insure a home for coverage limits of $300,000 dwelling, $100,000 liability with a $1,000 deductible. If you plan to increase your dwelling coverage from $200,000 to $300,000, you must pay an additional $1,417 per year for home insurance.

Buying adequate insurance to cover the entire expense of rebuilding your home is best advisable. However, the amount of dwelling coverage you need may vary depending on your home’s size, amenities, and the cost of living in your area.

Average homeowners insurance cost in Broken Arrow by Company

Among the carriers analyzed, State Farm is the cheapest homeowners insurance company in Broken Arrow. It’s average annual rate for Broken Arrow homeowners is $3,112. Allstate ranks second and Oklahoma Farm Bureau makes it to the third spot with an average annual home insurance rate of $4,021.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Broken Arrow and prepared a list of the cheapest home insurance providers. You can find below the Broken Arrow home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
State Farm	$3,112
Allstate	$3,568
Shelter Insurance	$5,114
Farmers	$7,797
Oklahoma Farm Bureau	$4,021
USAA*	$5,772

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.