Just had a quick question for those of you that might be knowledgeable on this. I don't know how many Oklahoman's are on this site, but if any read this please chime in!
I just got my updated escrow info on my house and my homeowner's insurance policy has gone up 65% in just 2 years now. My house is nothing special, cost $188,000 when purchased in spring 2013 in a suburb of OKC (Yukon for those familiar). When purchased, my original policy was $1,320/yr...then in 2014 I was told it increased to $1,737/yr (32%). I asked my agent what that was all about and he claimed it was across the board increases due to the tornadoes in 2013. I let it go and decided I'd wait and see how it went next year. Well here we are and another $400+ increase to $2,170/yr for 2015 (25% increase from 2014). Now it just seems to be getting ridiculous. I've contacted my agent again and let him know I'm seeking out other quotes as I've talked to a few people in my area that haven't experienced such high increases without a single claim since purchasing the home. What do you all think??
Also, property taxes seem higher than expected for an OKC suburb...2014 taxes were $2,342 and 2015 is $2,404. Does that seem high to anyone else for a home worth around $200k?
EDIT: He said if I up my deductible to $2,500 it would drop to $2,011 or with $5,000 deductible it would be $1,685. So with a $5,000 deductible it would only drop it back to about where it was for 2014...ha!
Thanks!