Norman Insurance Rates:

Norman, OK home insurance is nearly $1,270 to $1,723, about $105-$143/month. Our all inclusive guide reveals consumers can save upto $598 by comparing different quotes

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Norman Home Owner Insurance Quotes | Write a Review | Rates & Quotes Analysis
Liberty Mutual
Home Insurance Rate of $320/1 month for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $120,000

2 Beds, 2 Bath 1240 sqft Primary Residence Constructed In 1977 with Stone Flooring, Membrane Roof, Slab Foundation, Vinyl siding, Brick Frame. Home Features Include Swimming Pool, Fire Extinguisher, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

44 Years old Married Male who has a Part Time Job with household income of $25-50,000 and has 1 Pet and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $950/2 months for $250000-$300000 Coverage
Policy Holder Home Details :

Home Value : $255,000

4 Beds, 4 Bath 3250 sqft Primary Residence Constructed In 2000 with Linoleum, Metal Roof, Piers Foundation, Stone Siding, Stucco Construction. Home Features Include Copper Water Pipes, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

60 Years old Married Male who has a Full Time Job with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 700-749 Credit Score

  • Guests at home

Home Insurance Rate of $1940/6 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $135,000

2 Beds, 2 Bath 1300 sqft Rental Property Constructed In 1984 with Hardwood Flooring, Composition Roof, Chainwall Foundation, Fiber-Cement Siding, Stucco Construction. Home Features Include Central Air Conditioning, Indoor Sprinklers, Swimming Pool, Circuit Breaker Electricals and Security by HomeOnly

About Policy Holder:

58 Years old Single Female who has a Full Time Job with household income of $50-$75,000 and has More than 3 Pets at home and is a Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • Up to 499 Credit Score

Home Insurance Rate of $1720/7 months for $100000-$125000 Coverage
Policy Holder Home Details :

Home Value : $125,000

3 Beds, 3 Bath 1200 sqft Vacation Property Constructed In 1993 with Stone Flooring, Wood Shake Roof, Slab Foundation, Wood siding, Stucco Construction. Home Features Include Copper Water Pipes, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

34 Years old Divorced Female who has a Part Time Job with household income of $25-50,000 and has 3 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • Up to 499 Credit Score

Home Insurance Rate of $2440/5 months for $200000-$250000 Coverage
Policy Holder Home Details :

Home Value : $195,000

5 Beds, 5 Baths 2260 sqft Rental Property Constructed In 1997 with Carpet Flooring, Metal Roof, Slab Foundation, Vinyl siding, Stucco Construction. Home Features Include Fire Extinguisher, Swimming Pool, Circuit Breaker Electricals and Security by Monitoring Company

About Policy Holder:

58 Years old Divorced Male who is a Freelancer with household income of $75-$100,000 and has No Pets and is a Non-Smoker

Additional Details :
  • 75-100% Mortgage Paid off

  • 650-699 Credit Score

  • Seniors staying at home

Home Insurance Rate of $4570/12 months for $125000-$150000 Coverage
Policy Holder Home Details :

Home Value : $135,000

2 Beds, 2 Bath 1360 sqft Seasonal Residence Constructed In 2001 with Carpet over wood flooring, Wood Shake Roof, Crawl Space Foundation, Vinyl siding, Brick Frame. Home Features Include Swimming Pool, Copper Water Pipes, Smoke Alarm, FuseBox Electricals and Security by Monitoring Company

About Policy Holder:

57 Years old Single Female who is a Freelancer with household income of $25-50,000 and has 3 Pets and is a Smoker

Additional Details :
  • 25-50% Mortgage Paid off

  • 750-799 Credit Score

  • Seniors staying at home

Home Insurance Rate of $1740/6 months for $75,000-$100,000 Coverage
Policy Holder Home Details :

Home Value : $105,000

2 Beds, 2 Baths 1016 sqft Primary Residence Constructed In 1967 with Hardwood Flooring, Wood Shake Roof, Slab Foundation, Fiber-Cement Siding, Wood Frame. Home Features Include Fire Extinguisher, Smoke Alarm, FuseBox Electricals and Security by HomeOnly

About Policy Holder:

68 Years old Divorced Male who has a Part Time Job with household income of less than $25,000 and has 2 Pets and is a Non-Smoker

Additional Details :
  • 0-25% through paying our mortgage

  • 800-850 Credit Score

  • Guests at home

Norman, OK Home Insurance by Zip Code

Zip Code Median Home Value Median Homeowners Insurance
73072 $188,000 $1,550
73026 $159,600 $1,510
73071 $126,800 $1,500
73069 $125,100 $1,490

Norman Rates & Quotes Analysis:

Norman Area Estimated House Insurance
SE 254th St, Red Bud Dr, 136th Pl NE, 124th St S E, 180th St, Queenston Ave, Libby Lou Ln, Keith St, F St, Trophy Dr$1,433
Resh Ct, S Dobbs Rd, Vine St, Tecumseh Rd, W Brooks St, Tiffin Ave, 144th Ave SE, Chamberlyne Way, 144 Ave SE, Aniol Ave$1,414
Fairfield Dr, Windjammer St, Ross Dr, Peaceful Oaks Ln, Chaparral Rd, Lorings Rd, Eden Ct, Charing Cross Ct, Pinafore Dr, Betty Ln$1,429
36th Ave NE, Gullane Dr, Columbus St, 88th Ave NE, Atwood Dr, Greystone Ln, W Dale St, Bishops Dr, Ridge Lake Blvd, Shiloh Dr$1,566
Apache St, Lilly Ln, Camino Real Dr, Winding Oaks Ln, S Porter Ave, E Franklin Rd, Smith St, S Cook Ave, Division St, I St$1,508
Clearwater Dr, Cabin Rd, Wichita Dr, E Hughbert St, Dalewood Pl, W Franklin Rd, 82nd Ave SE, Louise Ln, 48th Ave SW, Oakridge Dr$1,500
173rd St, E Gray St, 120th St, NW 72nd St, Pullin Ln, Brandywine Ln, Journey Pkwy, Brunswick Ln, Justin Dr, SW 44th St$1,565
Applewood Ln, Woodland Oaks Ct, Edge of the Earth Rd, Pathway Cir, Springlake Dr, Tara Ln, Bert Ln, Pheasant Run Ct, N Flood Ave, Angel Ter$1,435
Ballard Dr, Andrea St, Oakmeadows Dr, Chapel St, Avon Dr, Wellman Dr, Timbervalley Rd, Reginald Dr, Dogwood Dr, Jefferson St$1,563
Reed Ave, 72nd Ave NW, Askew St, W Tecumseh Rd, Mystic Isle, Riverwalk Dr, E Tecumseh Rd, Box Rd, Waterfront Dr, Cove Hollow Ct$1,566

Insurance rates are influenced by a number of factors including:

  • Year Built: 10,477 Homes (21% of total) built between 1970 to 1979 in Norman are paying home insurance between $2,428-$2,450 in contrast with Blanchard (+$27), Forest Park (+$49), Lake Aluma (+$852), Cleveland County (-$17) and North Cleveland (-$23).
  • Bedrooms: 12,385 2 bedrooms homes (25% of total homes ) in Norman are paying about $1,198. Areas near to Norman such as Goldsby, Newcastle, Choctaw are costlier by $4, $17, $9 respectively whereas Cleveland County and North Cleveland are more economical by $9, $11 respectively for similar homes.
  • Auto Insurance Bundling: 11,791 Households (46% of all households) in Norman have 2 vehicles available and when it is bundled with home insurance you can save $299 and varies from Cleveland County ($297), North Cleveland ($296), Noble ($289).
  • Senior Discounts: 11,738 seniors (more than 55 years) occupied housing units (46% of total) in Norman get discounts between $223 to $225. The comparative concessions in proximate regions such as Cleveland County, Noble and East Cleveland are $222, $216 and $219 respectively.
  • New Homes discounts: New homes such as the 19,093 homes built between 2000 to 2009 in Norman can save $299 and varies from Cleveland County ($297), North Cleveland ($296), Noble ($289).

Norman Homeowners insurance Facts

  • Norman, OK has 25,113 owner occupied houses which is 58.0% of all units whereas Cleveland County, North Cleveland and Noble have 68.5%, 77.48% and 70.33% respectively.
  • Norman, OK homeowners yearly insurance price at $1,497 is 1.0% of the typical house value of $149,900 which is in contrast with 1.07% in Cleveland County, 1.09% at North Cleveland & 1.44% in Noble.
  • Homeowners in Norman, OK pay 2.6% of their income ($45,000 to $49,999) in insurance whereas homeowners in Cleveland County, North Cleveland and Noble pay 2.58%, 2.58% and 2.51% respectively.
  • Norman, OK’s insurance is 9.6% of monthly housing costs of $1,302/month, for owners with a mortgage compared to 9.64% in Cleveland County, 9.48% at North Cleveland & 11.2% in Noble. But, for households without a mortgage, insurance is 29.0% of costs ($430 in Norman, OK) in contrast with 29.14% in Cleveland County, 27.9% at North Cleveland & 34.21% in Noble.

Norman, OK Home Values & Insurance rates

For example, insurance for 3,518 Homes (14.0% of total homes ) valued between $100,000 to $124,999 in Norman, OK is about $1,092. Rates in nearby areas in such as Goldsby, Newcastle, Blanchard are cheaper by $41, $13, $108 respectively while Cleveland County and North Cleveland are costlier by $81 and $94 respectively for similar homes.

Norman, OK Home By Value Total Homes % of Total Average Homeowners Insurance
Less than $50,000 1,439 6.0% $239
$50,000 to $59,999 413 1.0% $523
$60,000 to $69,999 502 2.0% $643
$70,000 to $79,999 608 2.0% $748
$80,000 to $89,999 1,276 5.0% $838
$90,000 to $99,999 1,103 4.0% $943
$100,000 to $124,999 3,518 14.0% $1092
$125,000 to $149,999 3,712 15.0% $1362
$150,000 to $174,999 3,576 15.0% $1616
$175,000 to $199,999 1,588 6.0% $1871
$200,000 to $249,999 2,975 12.0% $2245
$250,000 to $299,999 1,645 6.0% $2739
$300,000 to $399,999 1,422 5.0% $3488

Renters Insurance in Norman

  • Average Renters Insurance in Norman :  $238($19/month)

  • Median Gross Rent in Norman :  $747

  • Norman Renters Insurance to Median Rent Ratio:  2.54%

  • Average household size of renter-occupied unit :  2.32

Norman Renters Insurance as a Percentage of Rent

Norman Home By Monthly Rent Total Homes % of Total Estimated Monthly Income To Afford Rented House Including Renters Insurance
Less than $200 188 1.0% $359
$200 to $299 207 1.0% $809
$300 to $499 1,464 8.0% $1259
$500 to $749 7,026 39.0% $1934
$750 to $999 4,662 26.0% $2684
$1,000 to $1,499 3,227 18.0% $3809
$1,500 or more 850 4.0% $5459

Rent Affordability in Norman:

Approximately 49.0% (9,039) of households are spending more than 35% of their income on gross rent in Norman

Occupied units paying gross rent Total Households % of Total
Less than 15.0 percent 2,089 11.0%
15.0 to 19.9 percent 1,735 9.0%
20.0 to 24.9 percent 1,989 10.0%
25.0 to 29.9 percent 2,235 12.0%
30.0 to 34.9 percent 1,126 6.0%
35.0 percent or more 9,039 49.0%

Norman Renters Insurance Discounts:

Norman Renters Insurance Discounts by Number of Vehicles in Renter Occupied Housing Units

Number of Vehicles in Norman, OK Number of Housing Units % of Total Renters Insurance Insurance Savings by Bundling Auto Insurance
1 vehicle available 8,958 49.0% $23.8
2 vehicles available 5,329 29.0% $35.7
3 or more vehicles available 1,957 10.0% $47.6

Protective device discount in Norman Up to :  $35

Claims-free discount in Norman Up to :  $47