Tulsa is the headquarters for many businesses in manufacturing, aerospace, telecommunications, and energy. In addition to standard business risks, companies in Tulsa need coverage against tornadoes—the area gets hit by an average of three per year. Though the chances are good that your business will never see the effects of a tornado, you shouldn’t skip out on coverage. The financial repercussions of a single unexpected incident could wipe your business off the map.
An unfortunate side effect of Tulsa’s tornado risk is high average costs for auto insurance. Because insurance companies spend more on claim payouts after natural disasters, they charge higher rates in states with frequent tornadoes. There are also more uninsured motorists in Oklahoma than most states, so insurance companies offset high property damage and liability payouts with steep premiums. Cheap car insurance is hard to come by in Tulsa, but choosing a great insurance agency can help.