By Josh Miner, licensed agent and owner of Miner Family Insurance in Edmond, OK. Updated October 2026.
A homeowners insurance deductible is the amount you pay toward a covered claim before your insurance pays the rest. In Oklahoma, most policies have two deductibles: a flat dollar all-other-perils deductible (often $1,000 to $5,000) for things like fire, theft and water damage, and a separate wind and hail deductible, usually a percentage of your dwelling coverage, such as 1% or 2%.
Key takeaways
- The deductible is subtracted from your claim payment. You do not pay the insurance company directly.
- Oklahoma policies usually have a separate wind and hail deductible.
- Percentage deductibles are based on your dwelling limit, not the claim.
- A higher deductible lowers your premium but raises what you pay after a loss.
- Choose a deductible you could comfortably pay from savings.
What types of home insurance deductibles are there?
- All other perils (AOP):
A flat dollar amount, like $1,000 or $2,500, that applies to most claims such as fire, theft, burst pipes and liability-related property damage.
- Wind and hail:
Usually a percentage of your dwelling coverage. On a $350,000 home, a 1% deductible is $3,500 and a 2% deductible is $7,000.
- Named storm or hurricane:
Common on the coasts, rare in Oklahoma.
- Earthquake:
If you add earthquake coverage, it usually carries its own percentage deductible, often higher.
How does a deductible work on a claim? Examples
- Kitchen fire:$12,000 in damage with a $1,000 AOP deductible. Insurance pays $11,000.
- Hail roof claim:$16,000 in damage on a $400,000 home with a 2% wind and hail deductible ($8,000). Insurance pays $8,000.
- Small hail claim:$5,000 in damage with the same $8,000 deductible. Insurance pays nothing.
How do you choose the right deductible?
- Look at your emergency savings. Pick a deductible you could pay tomorrow.
- Compare quotes at different deductibles. Sometimes moving from $1,000 to $2,500 saves a lot, sometimes very little.
- Convert percentage deductibles to dollars before deciding.
- Consider a wind and hail deductible buyback
if your percentage deductible is high.
Learn more about what a 2% hail deductible means
and when you pay your deductible.
Frequently asked questions
What is a good deductible for home insurance in Oklahoma?
Many Oklahoma homeowners choose a $1,000 to $2,500 all-other-perils deductible and a 1% or 2% wind and hail deductible. The right choice depends on your savings and how much premium you save.
Do I pay a deductible every time I file a claim?
Yes, a deductible applies to each separate covered claim. Two separate hailstorms usually mean two deductibles.
Is a higher deductible worth it?
It can be if the premium savings are meaningful and you can afford the higher out-of-pocket cost. Compare actual quotes before deciding.
Does the deductible apply to liability claims?
No. Deductibles generally apply to damage to your property, not to liability claims when someone else is injured.
Where can I find my deductibles?
On your policy declarations page. Look for the all other perils deductible and a separate wind and hail or windstorm deductible.
Want to compare deductible options?
Miner Family Insurance can show you how different deductibles change your price across 50+ carriers. We are rated 5.0 stars by 322 Google reviewers and were voted Best Insurance Agency in the 405 by 405 Magazine. Call (405) 724-2389 or request a home insurance quote.
