How much is home insurance in Tulsa?
Home insurance costs an average of $5,299 per year in Tulsa — more than double the national cost of homeowners insurance. Oklahoma is part of “Tornado Alley” in the Midwest, and the frequency of windstorms increases the price.2
You might pay more or less than the average, depending on your credit history, claims history, deductible, and home features. The amount of coverage you have also affects the cost.
Cost of home insurance by dwelling coverage in Oklahoma
You pay more for home insurance when you have more dwelling coverage. But it also means you can access more money when you file a claim. The coverage limit is the maximum amount your insurance company pays when you file a claim.
For example, let’s say you have $150,000 of damage, but your coverage limit is $100,000. Your policy covers $100,000, not the remaining $50,000, so it’s important to buy the appropriate amount of coverage for your assets.
Here’s how much home insurance costs based on dwelling coverage limits in Oklahoma.
Cost of homeowners insurance by deductible amount
Your deductible is the amount you’re responsible for paying when you file a claim with your insurance company. Standard homeowner deductibles are often $500 or $1,000. You’ll have a separate deductible if you have additional coverages, like wind and hail coverage.
Your monthly premiums are higher with a low deductible since the insurer helps pay more of the claim. Here’s how your premium might fluctuate depending on your deductible amount.
Average cost of home insurance in other cities in Oklahoma
Where you live — including your state, city, and ZIP code — affects how much you pay for home insurance. The location of your home determines the risk of natural disasters like tornadoes and floods, and insurers charge more when the risk is greater.
Tulsa homeowners pay some of the lowest home insurance rates in the state. Here’s how the city compares to other locations in Oklahoma.
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