Oklahoma holds the unfortunate designation of being one of the most natural disaster-prone states in the country. While Oklahoma has a highly active tornado season, the Sooner State also sees wildfires, floods, and storms. This propensity for severe weather means that Oklahoma has some of the highest homeowners insurance rates in the country.
Compare the best homeowners insurance companies in Oklahoma
State Farm, Farmers, and Allstate top our list of the best homeowners insurance companies in Oklahoma.
To come up with our top picks, we looked at the 10 Oklahoma companies with the highest market share in the state and chose the five with the highest overall Policygenius rating. Our ratings are based on each company's financial strength and customer satisfaction ratings, the number and quality of available coverages, and average policy premiums in 578 Oklahoma ZIP codes.
Company | Best for... | Average monthly cost | Policygenius rating |
|---|---|---|---|
Overall | $413 | 4.8 out of 5 | |
Robust coverage add-ons | $283 | 4.5 out of 5 | |
Low rates & deductible perks | $272 | 4.4 out of 5 | |
Farm & ranch coverage | $321 | 3.9 out of 5 | |
Private & NFIP flood coverage | $379 | 3.8 out of 5 |
Methodology & why you can trust our rates
Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:
Dwelling: $300,000
Other structures: $30,000
Personal property: $150,000
Loss of use: $60,000
Liability: $300,000
Medical: $1,000
All rates based on the above coverage limits except where otherwise noted.
Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.
Best overall homeowners insurance in Oklahoma: State Farm
2023 Policygenius award winner
State Farm
4.8
Bundle home & auto
Offers extended replacement cost
Offers flood insurance
Offers earthquake insurance
Wind/hail deductible
Offers wildfire insurance
Why we chose it
State Farm is one of the best home insurance companies in Oklahoma thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.
Pros and cons
Pros
Top-tier coverage add-ons, including extended replacement cost coverage
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers
More details
Why we chose State Farm
State Farm is the best home insurance company in Oklahoma, especially if you want to add coverage to a basic policy. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.
State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.
How do State Farm home insurance rates compare to the Oklahoma average?
The average cost of home insurance from State Farm in Oklahoma is $4,952 per year, which is 19% more expensive than the statewide average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
Best for robust coverage add-ons: Farmers
2023 Policygenius award winner
Farmers
4.5
Offers extended replacement cost
Bundle home & auto
Smart home discounts
Why we chose it
Farmers is one of the best home insurance companies in Oklahoma. The company has a range of coverage add-ons, discounts, and high claims satisfaction scores — and rates are lower than the average in Oklahoma.
Pros and cons
Pros
Optional extended or guaranteed replacement cost dwelling coverage
Receives few complaints from policyholders
Lower rates than the state average in Oklahoma
Cons
Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys
More details
Why we chose Farmers
Farmers is one of the best home insurance companies in Oklahoma. You can customize your Farmers home insurance with coverage options like guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.
Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.
How do Farmers home insurance rates compare to the average in Oklahoma?
The average cost of Farmers home insurance in Oklahoma is $3,400 per year, which is 18% cheaper than the average cost of home insurance in the state.
How to get a quote
Online through Farmers
Best for low rates & deductible perks: Allstate
2023 Policygenius award winner
Allstate
4.5
Bundle home & auto
Smart home discounts
Why we chose it
Allstate is one of the best homeowners insurance companies in Oklahoma for people who want cheap rates. Besides affordability, Allstate also offers a few perks to lower your deductible each year you go without filing a claim.
Pros and cons
Pros
Rates are much cheaper than average in Oklahoma
Extensive list of discounts and policy features to lower your bill and deductible costs
Offers HostAdvantage — an excellent short-term rental coverage add-on that can be seamlessly added to any policy.
Cons
Beginning to pull back coverage in high-risk areas
Customer experience scores with J.D. Power are below the segment average
More details
Why we chose Allstate
Allstate made our list of the best home insurance companies in Oklahoma. If you're looking for affordable rates, the cost of coverage from Allstate is almost $900 cheaper than the state average.
Besides Allstate's lower-than-average premiums, its high customer satisfaction ratings and excellent coverage options make it a top choice for homeowners in Oklahoma. We also like that Allstate has discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy expires — all easy for many people to qualify for.
It also stands out thanks to its diminishing deductible program each year you go without filing a claim. Your rates also won't go up if you only file one claim within a five-year period.
How do Allstate home insurance rates compare to the Oklahoma average?
The average cost of an Allstate home insurance policy in Oklahoma is $3,264 per year, which is 22% cheaper than the state average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent
Best for farm & ranch coverage: Oklahoma Farm Bureau
Texas Farm Bureau
3.9
Why we chose it
Oklahoma Farm Bureau offers exceptional customer service and the option to bundle a slew of insurance policies on top of just home insurance, include farm and ranch coverage.
Pros and cons
Pros
Excellent customer service score — received 99% fewer complaints expected for a company of its size in 2021
Excellent financial strength rating from A.M. Best, proving it likely has the funds to pay out claims in the wake of a natural disaster
Only pay one deductible if your home, car, and boat are damaged in the same event and you bundle your insurance policies with Farm Bureau
Cons
Need to have a Farm Bureau membership to purchase insurance
More details
Why we chose Oklahoma Farm Bureau
Oklahoma Farm Bureau offers a complete line of insurance products — from auto, home, life, commercial, and ranch, allowing you to have all of your policies with one company. Farm Bureau is a great option for Oklahoma residents looking for personalized customer care and recommendations from a local company that knows the area best.
How do Oklahoma Farm Bureau home insurance rates compare to the Oklahoma average?
The average cost of Oklahoma Farm Bureau home insurance in Oklahoma is $3,848 per year, which is about 8% cheaper than the average annual premium in Oklahoma of $4,161.
How to get a quote
By contacting a local Oklahoma Farm Bureau agent
Best for private & NFIP flood coverage: Shelter Insurance
2023 Policygenius award winner
Shelter Insurance
4.3
Bundle home & auto
Mobile app
New homebuyer discount
Offers earthquake insurance
Offers flood insurance
Smart home discounts
Why we chose it
Shelter is one of the best homeowners insurance companies in Oklahoma. The company specializes in covering high-risk properties, and offers both private flood insurance and coverage through the National Flood Insurance Program.
Pros and cons
Pros
Earns a 5-star rating for its customer service and coverage options
Offers both private flood insurance and government-backed coverage through the NFIP
Mobile app makes it convenient to manage your policy, make payments, and file claims
Cons
Rates are higher than average
More details
Why we chose Shelter
Shelter is one of the companies with the best homeowners insurance in Oklahoma. Shelter offers a range of coverages that you can add to a basic policy, including water backup protection, inflation guard for your policy's coverage, and (impressively) flood and earthquake insurance.
As far as customer service goes, Shelter receives far fewer complaints than average, according to the National Association of Insurance Commissioners. It specializes in insuring high-risk homes, but we found that Shelter's rates are much higher than Springfield's average.
How do Shelter home insurance rates compare to the Oklahoma average?
The average cost of home insurance from Shelter in Oklahoma is $4,548 per year, which is 9% more expensive than the state average.
How to get a quote
Online through Shelter
How much is homeowners insurance in Oklahoma?
The average cost of homeowners insurance in Oklahoma is $4,161 per year for an insurance policy with $300,000 in dwelling coverage. This is around 137% higher than the nationwide average of $1,754.
In a state like Oklahoma, premiums are higher in large part due to the outsized risk of natural disasters in certain areas. As wildfires, tornadoes, flooding, and storms continue to worsen and cause extensive damage to homes all over the state, insurance companies account for this by charging higher rates.
Oklahoma homeowners insurance rates by city
Home insurance costs in Oklahoma can vary depending on where you live. Cities with a high risk of natural disasters such as wildfires, tornadoes, or other extreme weather conditions will likely have higher average home insurance rates.
Here’s a look at the average cost of home insurance in the 20 largest cities in Oklahoma.
City | Average monthly cost | Average annual cost | Difference from state average (%) |
|---|---|---|---|
Oklahoma City | $395 | $4,745 | 14% |
Tulsa | $311 | $3,735 | -10% |
Norman | $369 | $4,431 | 6% |
Broken Arrow | $320 | $3,845 | -8% |
Edmond | $394 | $4,727 | 14% |
Lawton | $367 | $4,404 | 6% |
Moore | $405 | $4,859 | 17% |
Midwest City | $402 | $4,821 | 16% |
Enid | $349 | $4,192 | 1% |
Stillwater | $335 | $4,025 | -3% |
Owasso | $304 | $3,645 | -12% |
Bartlesville | $304 | $3,646 | -12% |
Muskogee | $328 | $3,932 | -6% |
Shawnee | $365 | $4,377 | 5% |
Bixby | $305 | $3,663 | -12% |
Jenks | $308 | $3,696 | -11% |
Ardmore | $340 | $4,085 | -2% |
Ponca City | $345 | $4,145 | 0% |
Duncan | $380 | $4,562 | 10% |
Sapulpa | $345 | $4,140 | -1% |
Oklahoma homeowners insurance rates by coverage amount
The table below highlights the average annual premium in Oklahoma for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.
Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $1,916 |
$200,000 | $3,029 |
$300,000 | $4,161 |
$400,000 | $5,334 |
$500,000 | $6,528 |
Cheapest homeowners insurance companies in Oklahoma
Based on our analysis, Armed Forces Insurance, AFR Insurance, and Allstate are the three cheapest home insurance companies in Oklahoma, with statewide average premiums ranging from $3,149 to $3,264 per year. Farmers, American National, and Oklahoma Farm Bureau are also among the most affordable home insurance carrier options for Oklahoma residents in 2023, as detailed in the table below.
Company | Average annual cost |
|---|---|
$3,149 | |
AFR Insurance | $3,217 |
$3,264 | |
$3,400 | |
$3,492 | |
$3,848 | |
$3,971 | |
$4,548 | |
$4,952 | |
$5,328 | |
$5,566 | |
$6,144 |
Cheapest Oklahoma homeowners insurance if you have poor credit
Generally, individuals with better credit scores enjoy lower home insurance premiums. Insurance companies have found that customers with lower credit scores file more claims for small losses, like a pipe leak, since they may not be in a financial position to pay for these damages out of pocket.
Here's the cheapest homeowners insurance in Oklahoma for a homeowner with poor credit.
Company | Average annual cost |
|---|---|
AFR Insurance | $3,890 |
Armed Forces Insurance | $4,048 |
Farm Bureau Insurance | $5,111 |
USAA | $5,133 |
Allstate | $5,481 |
Shelter Insurance | $6,265 |
Farmers | $6,761 |
State Farm | $8,711 |
Chubb | $9,306 |
American National | $10,497 |
The Hanover | $10,968 |
Foremost | $11,155 |
Cheapest Oklahoma homeowners insurance if you have an older home
The median age of homes in Oklahoma is 42 years old, according to an analysis of U.S. census data by House Method. And like everything else, the age of your home plays a role in how much you pay for home insurance in Oklahoma.
Older and historic homes are usually more expensive to insure than newer homes. This is because insurers consider them a higher risk than newer homes since they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code. Because of this, they'll charge higher premiums to offset the risk.
Here's the cheapest home insurance in Oklahoma for a home that's over 50 years old:
Company | Average annual cost |
|---|---|
American National | $2,953 |
Allstate | $3,181 |
AFR Insurance | $3,217 |
Farmers | $3,268 |
Armed Forces Insurance | $3,286 |
Farm Bureau Insurance | $3,848 |
USAA | $4,032 |
Shelter Insurance | $4,548 |
State Farm | $5,068 |
Chubb | $5,143 |
The Hanover | $5,653 |
Foremost | $6,582 |
Cheapest Oklahoma homeowners insurance if you have a history of claims
One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more.
Here's the cheapest home insurance companies in Oklahoma for a homeowner with three claims within a five-year period:
Company | Average annual cost |
|---|---|
Farmers | $3,720 |
AFR Insurance | $4,012 |
Allstate | $4,905 |
Armed Forces Insurance | $4,908 |
American National | $5,171 |
USAA | $5,456 |
The Hanover | $5,653 |
State Farm | $5,782 |
Farm Bureau Insurance | $6,683 |
Shelter Insurance | $9,271 |
Chubb | $10,542 |
Foremost | $13,317 |
Coverage options in Oklahoma
When you buy homeowners insurance in Oklahoma, there are two additional coverage options you may need to consider to protect against the state’s frequent natural disasters.
Flood insurance
Homeowners insurance does not cover water damage caused by flooding in Oklahoma or any of the other 49 states. So if your house is in a high-risk flood zone, you’ll want to consider purchasing flood insurance.
Many home insurance providers in Oklahoma offer NFIP flood insurance as a separate policy, but some companies also offer their own private flood insurance or flood insurance add-ons that you can add to your home insurance for an additional fee.
Learn more >> How much does flood insurance cost?
Wildfire insurance
In addition to flooding and tornadoes, Oklahoma also experiences many wildfires. Oklahoma has the seventh most properties at risk of wildfire damage of any U.S. state, according to Verisk Analytics. If you live in a wildfire-prone region of Oklahoma, be sure you have enough dwelling coverage to fully replace your home in the event of a disaster and consider adding extended replacement or guaranteed replacement cost coverage to your policy.
Learn more >> What is wildfire insurance & how much do I need?
How to buy homeowners insurance in Oklahoma
Severe weather can cause major damage to your home, and without home insurance, you could end up with a large rebuild or repair bill. With the high cost of homeowners insurance in Oklahoma, it’s important to shop around to get the best coverage for a price you can afford.
Frequently asked questions
What is the average homeowners insurance cost in Oklahoma?
The average cost of homeowners insurance in Oklahoma is $4,161 per year.
How much is house insurance a month in Oklahoma?
On average, the monthly cost of homeowners insurance in Oklahoma is $347 a month.
Is home insurance high in Oklahoma?
At a yearly average of $4,161, homeowners insurance in Oklahoma is 137% higher than the national average of $1,754.
Why is home insurance so expensive in Oklahoma?
Frequent tornadoes as well as risk of wildfires, tornadoes, and other natural disasters make Oklahoma one of the most expensive states for homeowners insurance in the country.
