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Oklahoma Real Estate Q&A Discussion Forum
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Updated about 6 years ago on . Most recent reply

User Stats

40
Posts
4
Votes
Jacob Barnhart
  • Durant, OK
4
Votes |
40
Posts

What are typical insurance rates for you in Oklahoma?

Jacob Barnhart
  • Durant, OK
Posted

It's hard to determine if a deal is going to work well when I don't know how much insurance will cost me. I can't get an accurate quote from an insurance company because they need specific details on each house to provide a quote, which I can't provide when I'm just browsing through dozens of different deals trying to see if any of them work.

So I come to you. I've looked up Oklahoma insurance rates and I'm getting very conflicted statistics. Some sites say we are in the bottom 3 for insurance prices while others say we are in the top 3.

What do you pay for your landlord insurance and for what kind of coverage?

Most Popular Reply

User Stats

50
Posts
16
Votes
Josh Chappell
  • Rental Property Investor
  • Guthrie, OK
16
Votes |
50
Posts
Josh Chappell
  • Rental Property Investor
  • Guthrie, OK
Replied

My advice would be to find a reputable insurance agent and talk with him about your plans for insurance. 

I have a friend who is in insurance that knows exactly what I'm looking for to insure my rentals and therefore can get me a very accurate quote. Also, if you are continuing to buy the same types of deals, around the same price range, and in the same area, your insurance costs will typically be around the same price so you can quickly estimate and pull the trigger on a deal. 

Message me if you would like my insurance agents contact info. He would definitely help you out in any way he could. 

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