>> OUTRAGEOUS INSURANCE PRICES. PERHAPS THEY'VE ARRIVED IN YOUR MAILBOX. OKLAHOMANS ARE SEEING THEM FOR THEIR HOME AND CARS TRYING TO FIGURE OUT A WAY TO BUDGET HUNDREDS MORE. UNEXPECTED RATE INCREASES. NEWS FOUR'S ADRIENNE GOING SAYS ONCE AGAIN ASKING WHAT'S BEING DONE TO CURB THESE RISING INSURANCE RATES. ADRIA. >> ACTUALLY, THERE'S A LOT OF FACTORS GOING INTO THE RISING COST OF INSURANCE WITH LITTLE ANYTHING THAT ANYONE CAN DO ABOUT IT.
AND I LEARNED TODAY THERE COULD BE HELP, THOUGH, COMING FROM THE CAPITOL. >> OKLAHOMANS SEEING ANOTHER SPIKE IN THEIR HOME IN CAR INSURANCE COSTS. IT'S ALSO A PERSON THEY WANT TO STATE THAT BEING THE LARGEST INCREASES IN RATES IN THE PAST FEW YEARS. INSURANCE DOT COM TRACKING THOSE RISING PRICES. THEY SAY IN 2023 INSURANCE RATES IN OKLAHOMA INCREASED BY 14% COMBINED 2022. 2023. THAT NUMBER JUMPS TO 26% DURING A FIVE-YEAR SPAN. STARTING IN 2018 OKLAHOMAN SAW AN INCREASE IN INSURANCE RATES BY MORE THAN 42%. >> IT'S NOT IT'S NOT OKLAHOMA THAT IT IS HAPPENING ACROSS THE COUNTRY.
OKLAHOMA INSURANCE COMMISSIONER READY SAYS THE MARKET CONTROLS THE RATES, NOT HIS DEPARTMENT. THOSE PRICES BASED ON BILLIONS PAID OUT BY INSURANCE COMPANIES IN WEATHER-RELATED CLAIMS AIMEE BOCK WITH UNITED POLICYHOLDERS A NON-PROFIT WATCHING OUT FOR INSURANCE. CONSUMERS SAYS THE MORE OKLAHOMANS PROTECT THEIR HOMES FROM WEATHER DAMAGE, THE LESS THEY'LL PAY FOR COVERAGE. AND IT'S VERY IMPORTANT. >> THAT THE STATE SUPPORT HOMEOWNERS AS MUCH AS POSSIBLE AND MAKE IT AS EASY AS THEY CAN FOR PEOPLE TO MAKE THESE INVESTMENTS BECAUSE THEY'RE NOT CHEAP. >> AT THE STATE CAPITOL LEGISLATION IN THE EARLY STAGES COULD DO JUST THAT.
LAWMAKERS ON THE INSURANCE COMMITTEE DISCUSSING A BILL TUESDAY THAT WOULD OFFER DISCOUNTS TO OKLAHOMANS THROUGH FEDERAL FUNDING, WHICH WOULD CREATE A GRANT PROGRAM. >> THAT WOULD ALLOW HOMEOWNERS TO UPGRADE WHEN THEY REPLACE THE ROOF TO GET THEIR UPGRADED TO A HIGHER QUALITY. >> BASICALLY NO CHARGE TO THEM. IF PAST THOSE UPGRADES PAID FOR THROUGH THE PROGRAM COULD TRANSLATE INTO A 25% DISCOUNT IN RATES FOR SOME HOMEOWNERS. >> VERY OPTIMISTIC, HOPEFUL WE CAN GET THAT THROUGH. THINK THAT WILL HELP BRING SOME RELIEF TO OKLAHOMANS. >> INSURANCE EXPERTS I SPOKE TO TODAY ALL SAYING THE SAME THING WHEN IT COMES TO CUTTING THOSE RATES SHOP AROUND FOR BETTER RATES AT THE START, ADJUST YOUR DEDUCTIBLE IF YOU .