OKLAHOMA CITY – In a show of bipartisan and bicameral cooperation, Representative Andy Fugate, D-Del City, Representative Preston Stinson, R-Edmond, and Senate Democratic Leader Julia Kirt, D-Oklahoma City, have joined forces to lead a two-part interim study examining Oklahoma’s skyrocketing homeowner insurance rates, currently among the highest in the nation.
The first session of the study was held Tuesday, and a follow-up session will be held Monday, Oct. 7, at 2:30 p.m. at the Oklahoma State Capitol. Interim sessions are open to the public.
“Senior adult Oklahomans on fixed income are being forced to make impossible choices. Do I pay for insurance or insulin,” said Rep. Fugate. “This is no longer just a financial issue. It’s a quality- of-life crisis.” Senator Kirt emphasized the broader economic impact: “Working families are being priced out of the market. We know the housing market is hurt when people can’t afford their monthly bills. We keep hearing Oklahoma is a low cost-of-living state, but our rising expenses tell a different story.”
Rep. Stinson added, “This issue affects every corner of our state, regardless of party or zip code. We need real solutions, and that starts with honest dialogue and expert input. Oklahoma does not have radically different weather conditions from our surrounding state neighbors. Why are our rates so much higher?”
The legislators said they look forward to the testimony of Oklahoma Insurance Commissioner Glen Mulready, who will present in the study and help guide the search for actionable reforms.
“We’re thankful to have Commissioner Mulready working with us to identify meaningful solutions,” the lawmakers said in a joint statement. “This is about protecting Oklahomans, homeowners, renters, and families, who deserve stability and fairness in the insurance market.”
For more information or to follow the proceedings, contact the offices of Rep. Fugate, Rep. Stinson, or Leader Kirt.