TYPICAL AND EXPECTED GUYS, BETWEEN INFLATION, TARIFF TALK AND OKLAHOMA’S WEATHER, HE SAYS THIS IS ALL EXPECTED, BUT IF HOMEOWNERS KEEP UP WITH MAINTENANCE, HE SAYS, THAT COULD PUT A FEW BUCKS BACK IN THEIR POCKET. IT’S NO SECRET OWNING A HOME CAN BE EXPENSIVE, HOMEOWNERS SEBASTIAN AND KATIE CAN ATTEST. HAVING TO FIX EVERYTHING YOURSELVES AND NOT HAVING TO BE ABLE TO CALL LANDLORD TO HELP YOU. IT’S KIND OF A BUMMER. THEY JUST FOUND OUT FROM THEIR INSURANCE COMPANY THEY CAN SEE A RAISE TO THEIR COVERAGE COSTS BY ABOUT $200. THINGS THAT EVERYTHING KEEPS GOING UP. I MEAN, EVERY YEAR IS LIKE INSURANCE GOING UP. THEY’RE NOT ALONE. RECENT STUDIES PUBLISHED BY INSURIFY BACK THIS DATA. ONE STUDY PROJECTS OKLAHOMA HOMEOWNERS CAN SEE AN 8% INCREASE ON HOME INSURANCE BY THE END OF 2025. THROWING TARIFFS IN THE MIX. THAT PREDICTION SITS AT 11%. STATE INSURANCE COMMISSIONER GLENN MORETTI SAYS COST PROGRESSION IS NORMAL. FACTORS THAT ADD TO THAT COST, LIKE INFLATION, WEATHER AND TARIFF TALK, ARE OUT OF PEOPLE’S HANDS. WHEN A COST OF A TWO BY FOUR OR COST OF SHINGLES GOES UP 5%, THE INSURANCE PREMIUMS ARE GOING TO GO UP ACCORDINGLY BECAUSE THAT’S WHAT THEY ARE COVERING. THAT’S WHAT THEY’RE GOING TO HAVE TO REPLACE. COSTLY INSURANCE IS A CONVERSATION ACROSS THE UNITED STATES, BUT HOMEOWNERS DO THEIR HOMEWORK. THEY CAN FIND WAYS TO CUT COSTS. SHOP AROUND. WE HAVE A LOT OF COMPETITION. IF YOU’RE REPLACING YOUR ROOF, WE YOU KNOW, THERE ARE DIFFERENT TYPES OF SHINGLES AND DIFFERENT TYPE OF ROOFING SYSTEMS THAT YOU CAN DO THAT CAN REDUCE YOUR PREMIUM. AND TO THAT POINT OF HOME MAINTENANCE. MULREADY ENCOURAGES HOMEOWNERS IN THE STATE TO APPLY TO THIS NEW GRANT PROGRAM THAT ACTUALLY HELPS COVER THE COST OF A NEW ROOF. WE’LL HAVE THAT INFORMATION AVAILA
Oklahoma homeowners face rising insurance costs amid inflation and weather
Oklahoma homeowners are experiencing increased insurance costs due to inflation, tariffs, and weather, with potential savings through home maintenance and state programs.
Updated: 10:05 PM CDT May 2, 2025
Oklahoma homeowners are facing rising insurance costs due to inflation, tariffs, and the state’s weather, with potential savings available through home maintenance and state programs. >> Download the KOCO 5 app | Subscribe to KOCO 5’s YouTube channelHomeowners Sebastian and Katy Barahona from Shawnee recently learned their insurance coverage costs could rise by about $200. “Having to fix everything yourselves and not being able to call a landlord to help you, it’s kind of a bummer,” they said. They expressed frustration over the annual increase, stating, “It stinks that things are going up every year like insurance is going up.”Recent studies published by Insurify support this data, projecting an 8% increase in home insurance costs for Oklahoma homeowners by the end of 2025. With tariffs factored in, the prediction rises to 11%. State Insurance Commissioner Glen Mulready explained that cost progression is normal, with factors like inflation, weather, and tariffs beyond people’s control. “When the cost of a 2×4 or the cost of shingles goes up five percent, the insurance premiums are going to go up accordingly because that’s what they’re covering, that’s what they’re gonna have replaced,” Mulready said.While costly insurance is a nationwide issue, Mulready advised homeowners to shop around for better rates, noting the competition in the market. He also suggested considering different types of shingles and roofing systems to reduce premiums. Get the latest news stories of interest by clicking here.Mulready encouraged eligible homeowners to apply for the Strengthen Oklahoma Homes program, a state grant initiative that helps cover the costs of roofs meeting IBHS standards.You can find more information about the program by clicking here.Top HeadlinesOHP: 23-year-old woman dead, 3 other people critically injured in crash on I-44 in OKCNonprofit recovers 6,600 pounds of leftover food from NFL DraftSome rain lingers as storms weaken across OklahomaOHP: 10-year-old boy killed, 12-year-old girl injured in UTV wreck in Oklahoma
Oklahoma homeowners are facing rising insurance costs due to inflation, tariffs, and the state’s weather, with potential savings available through home maintenance and state programs.
>> Download the KOCO 5 app | Subscribe to KOCO 5’s YouTube channel
Homeowners Sebastian and Katy Barahona from Shawnee recently learned their insurance coverage costs could rise by about $200.
“Having to fix everything yourselves and not being able to call a landlord to help you, it’s kind of a bummer,” they said. They expressed frustration over the annual increase, stating, “It stinks that things are going up every year like insurance is going up.”
Recent studies published by Insurify support this data, projecting an 8% increase in home insurance costs for Oklahoma homeowners by the end of 2025. With tariffs factored in, the prediction rises to 11%.
State Insurance Commissioner Glen Mulready explained that cost progression is normal, with factors like inflation, weather, and tariffs beyond people’s control.
“When the cost of a 2×4 or the cost of shingles goes up five percent, the insurance premiums are going to go up accordingly because that’s what they’re covering, that’s what they’re gonna have replaced,” Mulready said.
While costly insurance is a nationwide issue, Mulready advised homeowners to shop around for better rates, noting the competition in the market.
He also suggested considering different types of shingles and roofing systems to reduce premiums.
Get the latest news stories of interest by clicking here.
Mulready encouraged eligible homeowners to apply for the Strengthen Oklahoma Homes program, a state grant initiative that helps cover the costs of roofs meeting IBHS standards.
You can find more information about the program by clicking here.
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Alice J. Roden started working for Trending Insurance News at the end of 2021. Alice grew up in Salt Lake City, UT. A writer with a vast insurance industry background Alice has help with several of the biggest insurance companies. Before joining Trending Insurance News, Alice briefly worked as a freelance journalist for several radio stations. She covers home, renters and other property insurance stories.