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Category Archives: Oklahoma Insurance

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Oklahoma State Flag

Oklahoma car insurance requirements start at 10/20/10.

This means you must have OK auto insurance in the amount of $10,000 coverage for bodily injury liability per person and $20,000 coverage for bodily injury liability total per accident.

You are also required to carry at least $10,000 coverage for property damage liability total.

If the damage to either people injured or auto damage/destruction exceeds these limits, you will be responsible for for the difference.

Due to that fact, we urge you to check out getting more coverage than the bare minimum when buying Oklahoma auto insurance.

Oklahoma Homeowners Insurance To Pay $2 Billion

Oklahoma Homeowners Insurance RatesPost Date May 25, 2013 –  Oklahoma Homeowners Insurance will pay more than two billion dollars in damages after a  tornado batters an Oklahoma suburb, killing more than 20 people.  The Oklahoma Department of Insurance stated the official preliminary estimated claims were based on assessments in the areas damaged by the tornado which touched down in Moore, OK  on Monday, May 20.  The disaster zone cut out a strip of land about a mile wide and more than 17 miles long.  The Tornado leveled a thousand homes, many of which were destroyed completely.  According to official estimates, around 13,000 homes have been affected resulting in Oklahoma Homeowners Insurance Claims.

Oklahoma homeowners insurance rates on the rise

The two billion dollars in Oklahoma Homeowners Insurance Claims has been limited to homes and other infrastructures. These figures do not include other insurance related damage to other property such as cars, trucks and other types of vehicles. The National Weather Service  classified  the tornado as an EF5 with wind speeds of more than 200 mph.  News footage from the disaster show debris from structures and cars that were pulverized.  This is not the first time residents in OK were forced to use their Oklahoma Homeowners Insurance.  In 1999, Moore residents had experienced same fate when a tornado also battered their community that brought about $1.4 billion in insured losses. But insured losses on the recent tornado incident in Moore might exceed that of the damages sustained by Joplin in 2011. Homeowners Insurance  losses from tornado incidents in the United States last year registered a $14.9 billion in insured losses. With the amount of damage incurred in Oklahoma recently, residents may experience a spike on their Oklahoma Homeowners Insurance payments this next few years.

-Mike 

Michael E. Dortch
President &  Senior Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 206

Best Rates On Car Insurance Found In Ohio

Post Date November 20, 2012 – Looking for a new state to move too? Wondering where in the U.S. you could potentially save the most money on your auto insurance? The best rates on car insurance can be found in the State of Ohio.  A recent study indicated among all the U.S  states studied, the… Continue Reading

Oklahoma Auto Insurance Law Gets Tough On Uninsured Motorists

Oklahoma Auto Insurance Law Gets Tough On Uninsured Motorists

Friday’s Post 11/18/11 –  A new car insurance law  started on November 1,  2011 will make life a lot more uncomfortable for those motorists without auto insurance in the state of Oklahoma . Oklahoma has one of the highest rates of drivers without insurance, which now stands at 25 percent of the driving population, almost twice the national average of 14… Continue Reading

Oklahoma Residents To Benefit From Shelter Rebate

The Oklahoma governor, Mary Fallin announced a program that will see homeowners get a cash rebate amounting to $2,000 for the installation of the right tornado shelter. The program will cost up to $1 million in federal money and is expected to cover approximately 75 percent of the installations for below or above ground shelters. According… Continue Reading