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In addition to damaging homes and property across the state, the severe weather that struck Oklahoma this summer, coupled with the freezing rains from last winter and the wildfires across the state last summer, Oklahomans are going to see another widespread effect: higher home insurance premiums.

Over the last five years, insurance companies have paid an average of 114% more in claims than they have collected in premiums. This high payout forces insurance companies to increase their premiums in order to be able to pay for additional claims in the future.

What you can do to minimize your insurance premiums

There are things you can do to control the cost of your homeowners' insurance premium during a period of rising costs. Here are some tips:

Make your home less risky to insure

  • Use impact resistant roofing materials to help reduce the amount of storm damage to your roof.
  • Install a security system and smoke detectors to alert you to fires and deter break-ins.

Choose a higher deductible for your policy
Choosing a higher deductible reduces the amount of loss your insurance company pays, and, in turn they are willing to reduce your premiums.

Contact us to explore your options that fit your budget for Oklahoma City home insurance.



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ECI Agency, Inc. |
325 Piedmont Rd N | Piedmont, OK 73078 |
Ph: (405) 373-2977
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