Archive for Norman Home Insurance

Oklahoma homeowner insurance quotes don’t have to take your breath away!  Take 60 seconds to find out why consumers choose us for their Oklahoma homeowners insurance needs.  More importantly, our customers stay with us because we review every policy as it renews each year to make certain you are getting the best deal possible.

 

How can I find a cheap home insurance quote?

The cheapness of the home insurance quotes you will receive depends on a number of factors. Depending on the location and worth of your home and your belongings, you can get home insurance for as little as $400 a year, but you may also not be able to find a quote cheaper than $1,400 per annum, no matter what cash-saving techniques you apply.

In states such as Wisconsin, Utah, Maine, Ohio and Idaho, where home insurance is cheaper than the national average (which is around $800), price is usually not such a delicate issue when looking for the best home insurance quote. There are states, however, where finding a cheap home insurance quote is a tough mission requiring months of research.

Home owners living in high-risk areas exposed to natural disasters pay some of the highest home insurance premiums nationwide, and some of them may not even be able to purchase any insurance protection for their homes because of the likelihood of natural disasters. A lot of home insurance companies, for example, withdrew from Louisiana after Hurricane Katrina battered New Orleans.

Similarly, because Florida suffers the devastating consequences of the hurricane season, which hits the south-eastern coast of America every summer, some home owners have to pay exorbitant premiums to have their property insured. The same applies to the states of Texas, California, Mississippi, to name just a few.

Tips for Finding the Cheapest Home Insurance Quote

As illustrated above, cheapness is relative when it comes to home insurance. What is considered cheap in one state may be considered expensive in another. This is why, knowing the average annual home insurance premium is very important: measuring all the quotes you obtain against the state’s average will give you a relative idea what a good-price policy is. From then you can go on to apply the following money-saving tips:

• Rule of thumb when looking for home insurance is to make sure all the perils your home is exposed to, are covered under the policy. Compare each home insurance quote according to coverage, exclusions, and riders available. You should get adequate coverage for a fair price.

• Use all the discounts that your insurance provider may offer. You can save a substantial amount of cash in home insurance premiums if you qualify for the insurance company’s discounts.

• Never file a minor claim, otherwise you risk losing your policy.

Read article on the InsuranceQnA Site

Renewal Review: Norman, OK Home Insurance Quotes

When you have a home insurance policy, it’s easy to get complacent. You have your coverage and you’re used to paying your premiums. But being complacent isn’t good when it comes to your home insurance coverage. Failure to review yearly could mean leaving a lot of money on the table for you and your family.

It’s best to take a yearly inventory of your insurance needs. Have your coverages changed? A lot can happen in a year — you can add members to your family, get married, acquire jewelry, move or change jobs. All of that can lead to needing different coverage. If you don’t take time to look at what type of coverage you need every year, you can find yourself in a tough spot when an loss happens and you aren’t properly covered.

Even if your coverage needs haven’t changed, prices might. It’s good to call your Independent Insurance Agent and ask him/her to make sure you are getting the best deal on your Norman home insurance and/or your Norman car insurance  — perhaps you’re paying too much for certain coverage.

It’s best to talk with your agent about your coverage needs and price once a year. Just because you see a lower price elsewhere doesn’t mean you have to jump on it — discuss it with your agent and figure out what’s best for your needs.

Statewide Insurance Agency serves the entire state of Oklahoma; however, we enjoy an extra special relationship with our home insurance and car insurance customers in the Norman, OK area!  Remember….we search multiple companies to find the right one for you!

#MostImportantCoverage

Protect your personal assets from others by purchasing Liability Insurance!  #mostimportantcoverage

If you own your home in Oklahoma/OKC Metro, or if you’re in the process of buying your home then you’re aware of the importance of a homeowner’s insurance policy. But are you making sure that your homeowner’s insurance policy is saving you as much money as possible?

checking-homeowners-insurance-policy-okstatewide

Here are a few tips and tricks for saving money
on your Homeowner’s Insurance Policy. 

Do Your Research

A smart consumer will request several quotes and shop around for the best deal on their homeowner’s insurance policy. Talking with independent agents is always a good method for getting a good understanding of what constitutes the best deal taking coverage and cost into consideration. But you should also look for any discounts you can: many memberships come with insurance discounts, even wholesale club memberships like Costco and Sam’s Club.

Update Your Home

If you own or are purchasing an older home especially, talk with an agent about what modern upgrades will affect your premiums. You can make some changes that make your home safer and also save you money every month!

Brush Up on the Lingo

Sometimes, consumers choose a slightly cheaper option without knowing the real cost of the compromise in coverage. For example, consider the way your policy handles a payout. Actual Cash Value will save you a little money on your premium, but should something happen, you may find this payout inadequate. 

This is because Actual Cash Value payouts are based entirely on the current worth of the home and contents insured. In contrast, Replacement Cost will payout based on the current cost to rebuild or purchase the home and contents. This can mean a stark contrast in what your payout looks like and greatly affect your ability to recover from a disaster. 

Consider A Higher Deductible

As with any type of insurance, you can expect to lower your premium by raising your deductible. You have to consider whether this option is the best fit for you, because raising your deductible will put more financial responsibility on you than sticking with a lower deductible. Speak with an agent about how much you feel comfortable with raising your deductible up to and see how it affects your annual premium.

Add an Umbrella Policy

Although adding an additional policy made seem counter-intuitive when it comes to saving money, an umbrella policy can add extra protections that save you significant money in the future. Should you face any liability litigation, that exceeds your homeowner’s policy, you are personally and financially responsible for those costs. If you don’t have the funds available, you could be looking at wage garnishments or worse. An Umbrella policy is quite inexpensive to add and the protections it provides are more than worth it.

Its official! #ExpericeDowntownEdmond

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Downtown Edmond Business Association

Happy Labor Day Weekend

Labor Day Weekend @okstatewide

Just a friendly reminder that our office will be closed Monday, September 5th! Enjoy your Labor Day Weekend.

Personalized Insurance Quotes

When generating a personalized home insurance quote for all Oklahoma residents, we take into account several standard aspects of your home and deductibles to find a starting price point. However, we also look at a few other factors when determining your home insurance premium.

Custom Quote @okstatewide

 

The Structure of Your Home

What your house is made of can increase or lower your premiums. Concrete and brick houses tend to fare better against environmental elements and are less susceptible to house fires. Therefore home insurance premiums on them tend to be lower than their wood structure counterparts.

 
Your Insurance Score

Insurance companies actually use “Insurance Scores” rather than “Credit Scores” when rating for for your home and auto insurance. Each company has their own proprietary formula for calculating an Insurance Score; however, based upon our experience, we find that Credit Scores (such as those through TransUnion) are usually similar to Insurance Scores. 

 
The Structure of Your Home

What your house is made of can increase or lower your premiums. Concrete and brick houses tend to fare better against environmental elements and are less susceptible to house fires. Therefore home insurance premiums on them tend to be lower than their wood structure counterparts.

 
The Age of Your Home

Newer homes that have been built with the current safety codes and better building materials may mean lower insurance premiums than their older counterparts that were built with outdated security measures and older structural materials.

 
The Emergency Response Team Nearby

Many homeowners don’t realize the effect of their town’s fire station on their home insurance premiums. If your home is close to a fire hydrant, near an adequate fire station, and has a higher quality emergency response team you may be eligible for lower premiums.

It is important to understand how your house can affect your homeowners insurance premiums. If you have any questions or wish to speak with one of our agents, please contact us today to review your policy.