home owners insurance? (Tulsa, Lawton, Stillwater: tornadoes, homeowners insurance, house)

[nocoldiron]

I've read that the homeowners insurance is very high (surpassed only by Texas) because of tornado alley.is it cheaper in some parts of the state-like Poteau-where the statistics are not so high?

[peggydavis]

That is an interesting question, nocoldiron. I don't know if we have the highest rates or not. Hail causes more damage than tornadoes for insurance companies though, so I think that is more the reason for the high cost than tornadoes. We also have wildfires, and ice storms that cause damage that is covered under homeowners.

I looked at a rate comparison chart on the Insurance Commission's website and found this info:

For a house $150,000, masonry construction, yearly rates.


Town................OKC ....Tulsa ...Lawton ...McAlester

Company 1 .......$2492... 1976... 1901 ......2039

Company 2 .......$1580 ...1287... 1350 ......1216

Each of these is using the most favorable fire rating for the city. In all OKC pays the highest rate, probably because it has the most wind and hail risk. The companies have different opinions on the other cities. Lawton is not close to Poteau, but Tulsa and McAlester are pretty close to Poteau. You can see it pays to shop around.

Here's the chart link. The chart is on page 2 I think: Homeowners Insurance Rates Comparison Chart (4/07) - document updated as needed

And here's one for auto rates:

Automobile Insurance Rates Comparison Chart (04/07) - document updated as needed

[merryfim]

I have a home that is less than a year old and have total replacement coverage and only pay $600 a year with Liberty Mutual.

[jessaka]

I expected lower automotive rates after leaving California, but the insurance lady said that they are high here. Oh, rats!!

[peggydavis]

I know my house insurance doubled after the dot com bust a few years ago. I was paying $450 and it went to $900.

[briansgi]

I just bought a house in Stillwater for my son and his roommates to live in while attending college. House is 2 years old, value at $171K, insurance was $432/year. If you haven't checked them out, give ANPAC or American National a call. They have the best homeowners and car insurance I've ever seen. I switched to them after being with Farmers for over 20 years, cut my premiums in half.

The best part about ANPAC, if you are claim free after your third year, they pay you 1/4 of your premiums back, on an annual basis!! I received my second refund check from them last month, it was for almost $1100!

Call Jeri Moberly in Owasso, she'll fix you up!!

[Dariosmom]

I pay about $640 a year, I think. But my house is only worth about $35,000 if that much. Its a double wide, I know I'm a redneck. LOL! I'd check around. Never hurts to ahop around.