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The Water Cooler
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Surging home insurance costs could force families to leave these 10 states (OK is one)
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<blockquote data-quote="chuter" data-source="post: 4222275" data-attributes="member: 13693"><p>Our ins has gone up significantly in the last 3 years or so.</p><p></p><p><a href="https://www.foxbusiness.com/economy/surging-home-insurance-costs-could-force-families-leave-these-10-states" target="_blank">https://www.foxbusiness.com/economy/surging-home-insurance-costs-could-force-families-leave-these-10-states</a></p><p></p><h3>Oklahoma </h3><p>Home insurance in Oklahoma costs about $4,782 on average, 170% higher than what the typical American pays. Premiums rose 24% in the state last year; Oklahoma Insurance Commissioner Glen Mulready has blamed the increase on weather and the rising cost of building materials due to inflation. </p><p></p><p><img src="https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/02/931/523/tulsa.jpg?ve=1&tl=1" alt="A thunderstorm in Tulsa, Oklahoma" class="fr-fic fr-dii fr-draggable " style="" /></p><p>The sky begins to clear following a thunderstorm in Tulsa, Oklahoma, on May 27, 2021. (Brandon Bell/Getty Images / Getty Images)</p><p>"The median home value in Oklahoma is nearly 50% lower than the national average, according to U.S. Census Bureau data," Insurify wrote in the report. "However, with insurance rates surging, homeownership in Oklahoma isn’t as attainable as property values suggest."</p></blockquote><p></p>
[QUOTE="chuter, post: 4222275, member: 13693"] Our ins has gone up significantly in the last 3 years or so. [URL]https://www.foxbusiness.com/economy/surging-home-insurance-costs-could-force-families-leave-these-10-states[/URL] [HEADING=2]Oklahoma [/HEADING] Home insurance in Oklahoma costs about $4,782 on average, 170% higher than what the typical American pays. Premiums rose 24% in the state last year; Oklahoma Insurance Commissioner Glen Mulready has blamed the increase on weather and the rising cost of building materials due to inflation. [IMG alt="A thunderstorm in Tulsa, Oklahoma"]https://a57.foxnews.com/static.foxbusiness.com/foxbusiness.com/content/uploads/2024/02/931/523/tulsa.jpg?ve=1&tl=1[/IMG] The sky begins to clear following a thunderstorm in Tulsa, Oklahoma, on May 27, 2021. (Brandon Bell/Getty Images / Getty Images) "The median home value in Oklahoma is nearly 50% lower than the national average, according to U.S. Census Bureau data," Insurify wrote in the report. "However, with insurance rates surging, homeownership in Oklahoma isn’t as attainable as property values suggest." [/QUOTE]
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