Homeowners insurance customers in Oklahoma still paying high rates

Oklahoma Homeowners Insurance

Residents of the state are still seeing costs that are among the highest in the United States. Property owners in Oklahoma are already paying some of the highest homeowners insurance rates in the country due to the state’s high risk of severe weather such as tornadoes, hail, and other damaging forces of nature. Now, insurers in the state are seeking to increase their rates by as much as 40 percent. Despite the fact that the residents of the state are already paying more than those of most other states across…

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Homeowners insurance in Colorado among 10 most expensive states

homeowners insurance colorado state flag

Catastrophe claims have caused the claims in the state to be among the most costly. According to recently released homeowners insurance news data, Colorado is now among the top ten states with the highest claims payouts resulting from catastrophes and natural disasters. This news was based on information from an analysis performed by the Insurance Research Council (IRC). The council’s analysis revealed that from the years 1997 through 2006, 26 percent of the homeowners insurance claims that were made in the state were the result of damage from catastrophes. However,…

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