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Updated about 6 years ago on . Most recent reply

Kevin S.'s profile image
Kevin S.'s profile image
Kevin S.
  • Accountant
  • from Tulsa, OK
  • Member since Mar 6, 2018
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Kevin S.'s profile image
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Kevin S.
  • Accountant
  • from Tulsa, OK
  • Member since Mar 6, 2018
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Kevin S.
  • Accountant
  • Tulsa, OK
349
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312
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Insurance

Duplex Insurance - Tulsa OK

Kevin S.
  • Accountant
  • Tulsa, OK
Posted

I'm in the process of closing on a duplex in Tulsa Oklahoma and have started shopping around for insurance. I just received a quote from Geico and was shocked that they quoted me $6,065 for a 12-month policy, is this particularly high or is it a fairly standard insurance cost for a duplex? The property I'm purchasing was built in 1975 but has been well taken care of, does not have a pool or anything else unusual about it, and is in a good part of town. If anyone has any suggestions for other companies/agents to get quotes from let me know. Thanks!

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Cain Wright's profile image
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Cain Wright
  • Rental Property Investor
  • from Tulsa, OK
  • Member since Feb 16, 2015
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Cain Wright's profile image
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Cain Wright
  • Rental Property Investor
  • from Tulsa, OK
  • Member since Feb 16, 2015
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Cain Wright
  • Rental Property Investor
  • Tulsa, OK
12
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Cain Wright
  • Rental Property Investor
  • Tulsa, OK
Replied

Kevin,

That’s extremely high. I would try State Farm. I use Tyler McCall for all of my rentals.

@Samuel Fowler who’d you use for your duplex?

Best of luck!

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