Average homeowners insurance cost in Norman, OK

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The average cost of homeowners insurance in Norman is $5,702 per year (for the coverage level of $300,000 for dwelling, $100,000 for liability protection and $1000 deductible), based on Insure.com’s rate data analysis. It’s $3,120 more than the national average of $2,582.

However, homeowners insurance rates can vary drastically from one home to another. Home insurance rates in Norman depend on a number of factors, including:

Size of your home
Age of your home
Amount of coverage you need
Location
Your credit score

To make sure you are getting the best deal on home insurance, it is important to get quotes from multiple insurers to find the right coverage for your needs. Read this guide to know how much homeowners insurance cost per month in Norman, home insurance cost for different dwelling coverage, also know which companies offer cheap home insurance in Norman.

In this guide, we will explain everything from what coverage options are available to which companies have the cheapest rates for homeowners insurance in Norman.

Key takeaways

The cost of your homeowners insurance policy in Norman can vary based on factors such as your location, the value of your home, and the coverage options you select.
Allstate is the cheapest homeowners insurance company in Norman with an average annual premium of $3,836.
If you increase your dwelling coverage from $200,000 to $300,000, you will pay $995 more, annually for home insurance.

Average homeowners insurance cost in Norman per month

According to Insure.com’s rate analysis, residents of Norman pay an average of $475 per month for homeowners insurance. This is $4 less than the state average of $479 and $260 more than the national average for home insurance across the United States. The cost of your homeowners insurance policy in Norman can vary depending on your location, property value, and selected coverage options.

Average homeowners insurance cost for a $200,000 house in Norman

In Norman, OK, homeowners pay an average of $4,707 annually for a $200,000 house. The amount you pay for home insurance each year depends on factors such as – natural disasters or events within your locality.

Some regions are more at risk for natural disasters, like floods, hurricanes, or tornadoes, implying higher rebuilding rates in these areas are higher, resulting in higher insurance premiums. It’s essential to note that your insurance policy might not cover damages caused by floods or hurricanes. If you reside in an area prone to flooding, consider buying flood insurance.

Average homeowners insurance cost for a $300,000 house in Norman

According to a rate analysis by Insure.com, homeowners in Norman pay an average of $5,702 per year for a $300,000 house. These rates are for the coverage limits of $100,000 for liability protection and $1000 deductible.

If you increase your dwelling coverage from $200,000 to $300,000, you will just have to pay $995 more a year for home insurance. It would be best to buy enough insurance to cover the full cost of rebuilding your home.

However, the amount of dwelling coverage you need may vary depending on the size of your home, the features in your home, and the cost of living in your area.

Average homeowners insurance cost in Norman by Company

Among the carriers analyzed, Allstate is the cheapest homeowners insurance company in Norman. It’s average annual rate for Norman homeowners is $3,836. Oklahoma Farm Bureau ranks second and State Farm makes it to the third spot with an average annual home insurance rate of $4,484.

Before choosing a homeowners insurance policy, it is important to do some research on the company. Our experts have analyzed all the insurance companies across Norman and prepared a list of the cheapest home insurance providers. You can find below the Norman home insurance companies and their average annual premium.

Home Insurance Company	Annual rate
Allstate	$3,836
State Farm	$4,484
Shelter Insurance	$6,216
Farmers	$8,015
Oklahoma Farm Bureau	$4,445
USAA*	$6,081

Methodology

Insure.com, with the help of Quadrant Information Services, gathered data for homeowners insurance rates in Norman for $300,000 dwelling coverage and $100,000 liability coverage with a $1,000 deductible. The data presented are those with a good credit tier alignment.