Average homeowners insurance cost in Edmond, OK

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In Edmond, homeowners pay an average annual rate of $5,794 for a coverage level that includes $300,000 for dwelling, $100,000 for liability protection, and a $1,000 deductible, according to Insure.com’s rate analysis. This is $3,212 more than the national average of $2,582.

Homeowners insurance premiums can vary significantly from one property to another. In Edmond, the cost of home insurance is influenced by several factors, including:

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

It’s crucial to compare quotes from multiple insurers to ensure you get the best homeowners insurance policy. This allows you to find the coverage that meets your specific needs.

Read this guide to discover the monthly homeowners insurance cost in Edmond, explore the insurance costs for different dwelling coverage, and find out which companies offer affordable home insurance in Edmond.

Key takeaways

Homeowners insurance costs $5,794 per year in Edmond.
At $4,045 per year, Allstate offers the cheapest homeowners insurance in Edmond.
Your home insurance rates increase by $1,043 more annually if you increase your dwelling coverage from $200,000 to $300,000.

Average homeowners insurance cost in Edmond per month

Edmond homeowners pay an average of $483 a month, based on our rate analysis. It’s $4 more than the state average of $479 and $268 more than the national average for home insurance across the United States. The price of your homeowners insurance policy in Edmond 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 Edmond

The average cost of homeowners insurance in Edmond, OK is $4,751 annually for the dwelling coverage of $200,000 and the liability protection of $100,000. The amount you pay for home insurance each year depends on many different things. The types of natural disasters or events that take place in your area affect how much you pay for coverage in your city.

Some areas are more at risk for natural disasters, like flood, hurricanes, or tornadoes. This means that if something happens, the cost of rebuilding would be higher in those areas, thereby leading to higher insurance premiums. Your insurance policy might not cover damage caused by floods or hurricanes. So, if you live in a flood-prone area, consider buying flood insurance coverage.

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

As per rate analysis by Insure.com, homeowners residing in Edmond typically pay an average of $5,794 annually to insure a home for coverage limits of $300,000 dwelling, $100,000 liability protection with a $1,000 deductible.

Your home insurance rates will be increased by $1,043 if you increase your dwelling coverage from $200,000 to $300,000. It is advisable to buy enough insurance sufficient insurance to cover the entire cost of rebuilding your home. However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Edmond by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Edmond. It’s average annual rate for Edmond homeowners is $4,045. Oklahoma Farm Bureau ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $4,812.

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 Edmond and prepared a list of the cheapest home insurance providers. You can find below the Edmond home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Allstate	$4,045
Oklahoma Farm Bureau	$4,471
Shelter Insurance	$6,407
Farmers	$6,811
State Farm	$4,812
USAA*	$6,401

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Edmond 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.