Home insurance costs are expected to continue to rise for Oklahomans in 2025, with recent storms driving up premiums. Oklahoma has long been one of the most expensive states for home insurance, with premiums almost doubling in the past year. Factors such as tornadoes, hailstorms, and earthquakes make it an expensive place to live. Experts project insurance premiums will increase by 4 to 6% in 2025.
Realtors advise homebuyers and homeowners to consider the age and condition of the home, including the roof, electrical, and plumbing systems, as these factors can affect insurance premiums. It is recommended to shop around for the best insurance rate that fits your long-term budget.
Jessica Thompson, an Oklahoma City realtor, emphasizes the importance of being prepared and asking the right questions when buying or selling a home. With insurance rates on the rise, it is essential to consider potential upgrades and replacements to reduce the risk of higher premiums.
Despite the challenges of rising home insurance costs in Oklahoma, taking proactive steps such as assessing the condition of your home and comparing insurance rates can help homeowners and homebuyers navigate the changing landscape of the insurance market. Thompson’s advice highlights the importance of staying informed and making informed decisions to protect your investment in the face of increasing insurance expenses.
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