ZIP 74128 Insurance Data

Data Snapshot: ZIP 74128 (Tulsa, OK)

ZIP 74128 (Tulsa, OK) shows an average homeowners insurance premium of $1,864 per year as of 2022, based on U.S. Treasury FIO ZIP-level observations across approximately 1,324 reported policies. That is 5% above the national average of $1,776 per year, placing this ZIP in the 69th percentile nationally. Compared to the Oklahoma state average of $2,622, this ZIP runs 29% below, reflecting neighborhood-level differences in catastrophe exposure, property age, and claims history.

The loss ratio for ZIP 74128 is 19.5%, meaning insurers retained a working margin after claims. Claim frequency — the share of policies with at least one claim — is 4.13%, and the average claim severity (amount paid per claim) is $8,794. Nonrenewal — insurers declining to extend coverage at policy expiration — occurs at 0.78% in this ZIP, a drop of 12.0% over the past five years; rising nonrenewal often signals insurer retreat from high-risk markets.

Across 5 years (2018–2022), premiums in ZIP 74128 have risen by 3.8%, ranging from $1,796 to $1,874 with a five-year average of $1,843 — an annualized rate of +0.9% per year. FIO data aggregates voluntary reporting from the 40 largest homeowners insurers, covering roughly 80% of the U.S. market, so figures represent market averages rather than individual policy quotes; your own premium will vary with dwelling value, deductible, coverage limits, construction type, and insurer-specific underwriting. This page is educational research only and is not insurance advice — homeowners should request quotes from multiple licensed carriers or an independent agent before purchasing or renewing coverage.