Oklahoma has nation’s highest average homeowners insurance premiums

After Oklahoma Watch debunked a claim that hail explained skyrocketing homeowners insurance rates, Oklahoma Insurance Department Commissioner Glen Mulready — who amplified the hail claims — backtracked in a statement published on the department’s website entitled “It’s Not Just Hail: A Look Into Oklahoma Homeowners Rates.”

According to a June 9 Lending Tree report, Oklahoma has the highest average homeowners insurance premium in the country at $6,133 per year, 2.2 times the national average of $2,801.

Rates in Oklahoma have climbed 50.8% from 2019, the year Mulready took office, through 2024, rising faster than the national average of 40.4%, the report said.