Archive for cheap home insurance

How To Log Your Personal Property In Case Of Loss

Here’s Trevon with one of our frequently asked questions. Let us know what other questions you have!

Best Home Insurance Rates in Oklahoma

Protecting your home is so important, yet it is also difficult to find the best rates. We are here to help. Get a free quote here.

Home Insurance Quotes Guthrie


Why do home insurance and car insurance consumers in Guthrie choose Statewide Insurance Agency in Edmond?

The answer is Guthrie Area consumers are usually referred to us by family and friends that know and value what we have to offer….we respond quickly (phone and email), we only sell for dependable companies that pay claims without hassles, our experienced staff makes few mistakes and we are able to shop multiple companies to find the best home insurance and auto insurance package for you.

Travelers_Safeco Insurance A Liberty Mutual Company_Progressive_MetLife_Mercury Insurance_Foremost Insurance Group_American Modern_Hagerty InsuranceIf what you value is integrity, great service, stability, low prices and professional advice, please consider us as your need for home insurance quotes and car insurance quotes arise.  Here is where you can get a no-obligation quote for your home insurance needs.

The Top 4 Home Insurance Companies in Oklahoma

Update: 1-12-2019

The Oklahoma homeowners insurance market continues to change in Oklahoma so I’m going to revise my ranking of companies….

  1. Progressive Insurance:  They still offer an excellent value and are a good long term choice for many consumers.
  2. Travelers Insurance:  Conservative underwriting practices has resulted in fewer rate increases relative to their competition….stable and committed to Oklahoma.
  3. Allstate Insurance:  They have aggressive growth strategies in Oklahoma and so their pricing is good in some areas for some consumers…I’m not sure about their rate stability.
  4. State Farm Insurance:  They offer excellent service and good long term value for some consumers.  Their pricing varies quite a bit but they are worthy of consideration.
  5. Safeco Insurance ( a Liberty Mutual Company):  They offer excellent claim service and they are very friendly to do business with.  Some of their pricing on new policies is a challenge;  however, Safeco’s car insurance is sometimes tough to beat.  As a result, auto and home bundles can still be very competitive with Safeco Insurance.

Oklahoma home insurance rates increased roughly 50% during a 5 year period ending in 2015 as homeowners embraced continuous wind and hail storms, especially within the western one-half of the state.  

These increases have Oklahoma homeowners scrambling to find quality home insurance with stable companies without the high cost that many insurers are still trying to charge.

In our opinion, the following 4 companies offer the greatest home insurance value in Oklahoma and, in our opinion, these companies will have the best chance of saving Oklahoma consumers money as you seek quotes for your homeowners insurance needs. All  4 of these companies offer outstanding coverage, excellent claims service and they usually have a lower cost than competitors.  

      1.   Safeco Insurance ( a Liberty Mutual Company)

      2.  Travelers Insurance

      3.  State Farm Insurance

      4. Allstate Insurance

May 5, 2018 Consumer Update:  3 of the last 4 years have been very profitable for the companies offering home insurance quotes in Oklahoma.  As a result, we are starting to see some companies offer better rates in many situations.  Also, Progressive Insurance has come into Oklahoma offering an excellent home insurance policy and oftentimes the rate is outstanding.  I have confidence that Progressive will be consistent and provide and excellent home insurance value for Oklahoma customers.  As a result, here is my new, updated rankings….

  1. Progressive Insurance
  2. Safeco Insurance ( a Liberty Mutual Company)
  3. Travelers Insurance
  4. Allstate Insurance
  5. State Farm Insurance

I have moved Allstate above State Farm because Allstate has a better home insurance cost right now.  However, long-term, State Farm will provide good value relative to other premium cost carriers, in my opinion.

Statewide Insurance Agency represents Progressive, Safeco Insurance and Travelers Insurance but not State Farm or Allstate.  

 

CLICK HERE TO REQUEST A HOME INSURANCE QUOTE FROM STATEWIDE NOW

 


Oklahoma Home Buyers Insurance Checklist

14 things every house-shopper should do before signing on the dotted line…

Shopping for your dream house? There are many considerations when looking at real estate, such as property taxes, school district, available recreational opportunities in the neighborhood, to name a few.

But an important and often overlooked consideration is the insurance implications of your purchase.

You will be paying insurance on your home for as long as you own it, which is why you need to do your homework before you decide to make an offer. Why? Thinking through all the costs associated with buying a home will make the process run more smoothly, and it may also save you money.

 

So here are some important tips to help make all phases of your home search easier and more worry-free.

Before House Hunting:

1. Check Your Credit Rating

A good credit history helps you in many ways. Good credit makes it easier to get a mortgage at a competitive rate, and it may also qualify you for a good credit discount on your insurance.  Get a copy of one or all of your credit reports. Make sure they are accurate and report any mistakes immediately. If your credit is not as good as it could be, take steps now to improve it [1]. 

2. Protect Yourself with a Renters Insurance Policy

If you are currently renting a house or apartment, protect yourself financially with a renters insurance policy [2].  In the event of a disaster, renters insurance [3] can help protect the down payment you’re building to buy your new home, as well as provide useful a insurance history to your prospective homeowners insurer when you go to buy your first home.

 

While House Hunting

As you search for your new home, remember that the physical characteristics of the house—its size, location, construction and overall condition—can affect the cost, choice and availability of home insurance. Following are some factors to consider when shopping for a home:

3. Quality and Location of the Fire Department

Houses that are located near highly-rated, permanently staffed fire departments usually cost less to insure. This also holds true for homes that have a hydrant nearby.

4. Proximity to the Coastline

Houses located on or near the coast will generally cost more to insure than those further inland. There will also likely be a separate hurricane or windstorm deductible [4].

In some coastal communities, private homeowners insurance coverage may not be readily available. Instead, you may need to purchase insurance through a state-run insurance program, which can provide less coverage, and in some cases be more costly, than private insurance.

5. Age of the Home

A stately, older home can be quite beautiful—but they can also cost more to insure. Ornate features like plaster walls, ceiling molding and wooden floors may be costly to replace and can raise the cost of insurance. And, plumbing and electrical systems can become unsafe with age and lack of maintenance. If you are considering buying an older home find out how much it will cost to update these features and factor it into the cost of ownership.

6. Condition of the Roof

Always check the condition of the roof. A new roof matters to insurers and keeps you and your family safer. Depending on the type of roof and whether or not you use fire and/or hail resistant materials, you may even qualify for a discount. 

7. Is the Home Well-Built and Up to Code?

Find out whether the house has been updated to comply with current building codes. Homes built by careful craftsmen and those built to meet modern engineering-based building codes are likely to better withstand natural disasters.

8. Risk of Flooding

Damage from flooding is NOT covered by standard home insurance policies. If you are buying a home in an area at risk from flooding, you will need to purchase separate insurance. Insurance for flooding is available from the federal government’s National Flood Insurance Program [5] (NFIP), and from a few specialty insurers.

9. History of Earthquakes

While earthquakes are most frequently associated with California, they occur in the majority of states and, like flooding, are not covered under standard home insurance policies. Earthquake insurance is available from private insurers as an endorsement to a homeowners policy, and in California from the California Earthquake Authority [6].  Check rates with your insurance professional—the cost of earthquake insurance differs widely by location, insurer and the type of structure being covered.

10. Swimming Pool or Other Special Feature

If the house has a swimming pool [7], hot tub or other special feature, you will likely need more liability insurance. You may also want to consider purchasing an umbrella liability policy [8] to provide added protection in the event someone gets injured on your property and decides to sue you.

 

Before You Place a Bid on the Home

11. Check the Loss History Report

Ask the current homeowner to obtain a copy of the loss history report on the home. Homeowners can obtain either a Comprehensive Loss Underwriting Exchange [9] (C.L.U.E.) report, which is available from LexisNexis, or an A-PLUSTM [10] property report from ISO®. These reports provide a record of the type of loss on the home, the date of the loss and the amount and status of each claim—going back five years.  If the report indicates there has been damage to the house, have it checked by a professional.

A home claim history can provide extremely valuable information and should prompt questions from the buyer.  For instance, if there was a claim for water damage on the home, it is important to find out the source of the damage (such as a burst pipe) and whether it has been properly repaired. On the other hand, if there was a claim for wind or hail, which resulted in a new roof, this makes the home stronger and is very attractive from an insurance perspective.   

12. Get the House Inspected

You’ll need to have the house properly inspected in order to get your mortgage approved. Accompany the inspector and make sure he/she does a thorough inspection of the home. The inspector should:

  • Check the general condition of the home
  • Look for water damage, termites and other types of infestation
  • Review the electrical system, plumbing, septic tank and water heater
  • Show you where potential problems might develop
  • Double-check that past problems have been repaired
  • Suggest important upgrades or replacements

If the inspector raises questions, your insurance company will as well. And, be sure to find out if there is an underground oil storage tank, as many insurers will not provide policies for homes that have one.

13. Estimate How Much It Will Cost to Maintain the House

Routine maintenance is your responsibility as a homeowner. Losses caused by failing to properly care for your home are not covered by standard homeowners insurance policies. So make sure you factor these costs into the overall price of owning the home.

14. Call Your Insurance Professional

Don’t wait until the last minute to think about insurance. Ask your insurance professional if the house will qualify for insurance, and get an estimate of the premium. The sooner you act, the smoother the process will be. Don’t be shy about asking for estimates on more than one house. Insurance is an important consideration when purchasing a home. If you are uncomfortable with the cost of insuring a particular house, keep looking for one that better fits your financial situation.

For more about insuring your new home: Homeowners Insurance Coverage [11]

ALL SOURCES OF INFORMATION:

 

August 14, 2018:  Norman, OK.  Encompass Insurance, a wholly owned subsidiary of Allstate Insurance (ALL NYSE) has entered the Oklahoma home insurance market with a bang.

The Encompass homeowners product will target consumers in select communities such as Norman by offering below market home insurance quotes  (in most situations) and a top quality product.

The product has all of the features and benefits that consumers have come to expect from Encompass and Allstate including up to $5,000 for emergency repairs that need to be made quickly following a loss in order to prevent further damage.

The Encompass home insurance product is being quoted and offered exclusively through Independent Insurance Agents, including Statewide Insurance Agency (Statewide)  in Edmond, OK.

Statewide’s owner, Von Nix, commented on the opportunity to offer Norman residents lower homeowner insurance rates by saying, “we have agreements in place to offer home insurance from many different companies; however, there are only 4 that we have confidence in to provide great claim service and excellent long-term value….Encompass certainly falls in this category.  We have seen several companies continue to take rate increases the last 4 years despite better than average weather in Oklahoma.  Encompass will provide the competition that is needed in areas like Norman to help keep other carriers in line from a pricing point of view.”

Home Page Okstatewide.com

 

 

 

 

Meet our home insurance professionals….now and at renewal

I am very thankful for this team of professionals that serve our customers everyday with quality homeowners insurance and car insurance at prices that are usually lower than our competition.  Moreover, we monitor every renewal for accuracy and competitiveness.  Our goal is to place your home and car insurance with one of our quality companies that you can build a long term relationship with.  However, we all know that, occasionally, that doesn’t happen….our renewal process allows us to see these issues and start working on them well before the policy renews.

Our Specialty: Home and car insurance in Oklahoma….we don’t try to be experts in all lines of insurance.

Our Experience:  As of this writing, every staff person has an Oklahoma Agents License to service and sale and our staff of 7 has 108 years of combined personal insurance experience.

Our Motivation:  We desire slow, steady growth through long term client relationships.

Our Commitment:  To place your best interest above our own.

Statewide Insurance Agency

“Okstatewide.com – when you tired of fighting homeowners insurance in Oklahoma”

 

Summer Energy Savings

Beat the Heat — and Your Air Conditioning Bill — This Summer

Did you know that, according to the U.S. Department of Energy (DOE), Americans spend about $11 billion each year on air conditioning? That might not be such a surprise if you’re the one who writes the check for your household energy bill every month.

Believe it or not, you can spend less on cooling costs while still keeping cool in Edmond, Oklahoma.

Here are 5 things to do before you reach to adjust the thermostat:

  • Make sure your house isn’t part of the problem. If your home isn’t insulated and sealed well, warm air could be leaking in, sabotaging your efforts to cool things down. Make sure all cracks and openings are sealed, along with your ducts. The DOE says air loss through ducts can account for 30 percent of the energy a cooling system uses.
  • Keep that breeze flowing. Natural ventilation is a great way to decrease the temperature in your home without using any energy. Open windows in the mornings or evenings when the air is cool and get a cross-breeze going throughout the house.
  • Check that the heat isn’t on. You might be heating your house in the summer without realizing it. How? By using the oven, stove or other appliances that generate heat. Cook outside whenever you can, and use the dishwasher and clothes dryer at cooler times of the day if possible.
  • Create your own personal cool zone. Cooling the whole house might not be necessary if you’re only using a few rooms. Set up fans (ceiling fans will allow you to set your thermostat a few degrees higher), drink plenty of cool liquids and eat cold foods, which can help lower your body temperature. You might even consider wearing a damp shirt to stay comfortable or putting an ice pack on your forehead, the back of your neck or your wrists.
  • Don’t forget the basics. When it’s sunny outside, keep your curtains closed. Minimize your use of lights, as they generate heat. And, when the outside air is warmer than the air in your house, close the windows to keep the cool air in. 

We can’t promise these tips will keep you just as cool as when you kick back and turn on the AC full-blast. But saving money every month? That’s pretty cool, too.

ALL SOURCES OF INFORMATION:

  • Safeco Insurance: