Home Insurance in Cole, Oklahoma
With a median home value of $235,700, Cole is 8% lower than the McClain County median.
The typical home in Cole was built around 2004. About 8% of homes were built before 1960, in line with McClain County (9%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Cole, the housing stock is 78% single-family homes and 22% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Cole, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Cole has an owner-occupancy rate of 92% and a vacancy rate of 4%; unoccupied homes typically need a different coverage form.
Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies. In Cole, 48% of homes are primarily heated with electricity.
McClain County's top FEMA-rated hazard is tornado (Relatively Moderate), per FEMA's National Risk Index. McClain County had 74 active NFIP flood policies as of September 2026. See the full McClain County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Oklahoma is $2,486 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $235,700 |
|---|---|
| Median year built | 2004 |
| Owner-occupied share | 92% |
| Share of owner-occupied homes with a mortgage | 54% |
| Top county hazard | Tornado (Relatively Moderate) |
| Active NFIP policies in McClain County | 74 |
| Home insurance premium | $2,486 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)