We looked at policy cost, coverage quality, and unique policy offerings for Oklahoma residents to find the best homeowners insurance companies in Oklahoma.
Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.
After working in publishing and book publicity for many years, she transitioned to freelance writing full time.
Expert reviewed
Expert reviewed
This article has been reviewed by a licensed Policygenius expert to ensure that sources, statistics, and claims meet our standard for accurate and unbiased advice.
Pat Howard is a managing editor and licensed home insurance expert at Policygenius, where he specializes in homeowners insurance. His work and expertise has been featured in MarketWatch, Real Simple, Fox Business, VentureBeat, This Old House, Investopedia, Fatherly, Lifehacker, Better Homes & Garden, Property Casualty 360, and elsewhere.
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.
The average cost of homeowners insurance in Oklahoma is $4,331 per year or $361 a month. This is around 128% higher than the national average of $1,899, but there are many ways you can save on the cost of coverage.
But there are other factors you should consider when choosing an insurer. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Oklahoma.
UPDATE: Home insurance premiums up 13.4% in Oklahoma
Home insurance premiums in Oklahoma increased 13.4% from May 2021 to May 2022, according to our latest analysis of internal policyholder data. This is due to a mix of rising inflation, labor shortages, and severe natural disasters that have plagued the state in recent years.
Of the companies we looked at, Allstate’s rate of $3,264 per year is the lowest in Oklahoma, while USAA has the highest customer and claim satisfaction ratings from J.D. Power. While price will always be a factor when shopping for insurance, a company’s reputation for customer service is also important to consider.
Policygenius analyzed thousands of quotes from the 5 largest Oklahoma insurers to find the average cost of homeowners insurance with each company in 2022. We then looked at 2021 J.D. Power customer satisfaction scores and compared that with the coverage needs of Oklahoma residents to find the best homeowners insurance in Oklahoma.
Company
Average yearly cost
J.D. Power Rating
State Farm
$5,069
835
Farmers
$3,400
813
Allstate
$3,264
829
USAA
$3,971
882
Oklahoma Farm Bureau Insurance
$3,848
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State Farm
There's a reason State Farm is one of the top-rated insurance companies in the U.S. — its customer satisfaction ratings are through the roof, it offers a slew of coverage add-ons for full protection, and makes filing claims through its mobile app a breeze.
Pros
Top-tier coverage add-ons, including equipment breakdown, water backup, and service line coverage
Get up to $1 million in personal liability coverage
Score discounts for bundling, installing security devices, and choosing a high deductible
File and track claims online, over the phone, in person, or through its mobile app
High customer satisfaction and financial strength ratings
Cons
No discounts for first-time homebuyers or going a year without a claim
State Farm is currently offering customers a free Ting smart plug for your home. By monitoring your electrical system, Ting can warn you about any hazards that could lead to fires or other damage. When you make your home safer, you are less likely to file a claim, which reduces costs for everyone.
How to get a quote
Online through State Farm
Farmers
Farmers is one of the largest and most reputable home insurance providers in the industry, offering special discounts for teachers, nurses, first responders, and non-smokers — plus the option to rebuild your home with green materials after a claim.
Pros
Several discounts and unique ways to save, including claim forgiveness and declining deductibles
3 flexible coverage packages with varying levels of protection for most coverage and budget needs
Offers extended and guaranteed replacement cost coverage options
File claims online, via text, on its mobile app, or by calling its claims center
Cons
Rates are typically more expensive
Below-average customer satisfaction ratings
No repair network to help you find a certified contractor or repair professional after filing a claim
Farmers gives their customers many easy ways to save on their home insurance policy. It offers discounts for safeguarding your home with specialized roofing materials, security alarms, and fortifications against natural disasters, as well as discounts for having “green” certified appliances. There are discounts for professionals such as teachers, first responders, and health care workers and even non-smokers can get a discount since smoking increases the risk of fires.
How to get a quote
Online through Farmers
Allstate
Allstate's mix of exceptional customer satisfaction ratings, personalized coverage options, and numerous discount opportunities make it one of the most popular homeowners insurance companies on the market.
Pros
Several coverage add-ons, including ones for roof surfaces, water backup, green improvements, and mold protection
8+ discounts, including autopay, bundling, zero claims, and new homebuyer
Get up to 25% off your premiums when you bundle home and auto insurance
Excellent customer service and claims satisfaction ratings
File and track claims online or through its mobile app
While liability insurance protects you if you are sued by someone injured on your property, Allstate also offers guest medical protection. This coverage pays the medical expenses for someone accidentally injured at your home, since not all injuries result in a lawsuit.
How to get a quote
Online through Policygenius or Allstate
USAA
USAA's robust coverages and high marks for customer service and claims satisfaction make it a solid home insurance option for military members and their families.
Pros
Score discounts for zero claims, being a loyal USAA member, opting into e-billing, and more
Base policy includes coverages that cost extra with most other companies
Offers earthquake coverage — which is hard to come by
Get discounted home security systems and a discount on premiums through its partnership with ADT
Industry-best customer service and claims satisfaction ratings
Cons
Only available to military families
Doesn’t offer extended or guaranteed replacement cost dwelling coverage
USAA only offers home insurance to members of the armed forces and their families, which is a huge benefit for the thousands of active and retired military members living in Oklahoma. Given the company’s typically low rates and high customer service ratings, military families should take advantage of what USAA has to offer.
How to get a quote
Online through USAA
Oklahoma Farm Bureau Insurance
Oklahoma Farm Bureau Insurance offers a variety of standard insurance options for Oklahoma residents, including home, auto, dwelling, and condo insurance policies.
Pros
Excellent customer service ratings
Online quotes and claims filing
Cons
Very little information about coverage options online
Oklahoma Farm Bureau is a great insurance option for the many family farmers living in Oklahoma. Along with their home insurance options, Oklahoma Farm Bureau also offers insurance for farms and ranches as well as crops, tools, and equipment like tractors and other vehicles.
How to get a quote
Online through Oklahoma Farm Bureau
Cheapest homeowners insurance companies by city in Oklahoma
Looking at average home insurance costs for the 15 most popular insurers in Oklahoma, we found that the cheapest homeowners insurance companies in the state are Farmers and Allstate. Allstate has the cheapest rates in the state’s biggest cities, with an average yearly cost of $2,779 in Tulsa, and $3,065 in Oklahoma City.
While the size, age, and value of your home are all factors in determining your cost of home insurance, rates will also vary across the state based on additional factors. Cities with high crime rates will see higher rates due to an increased likelihood of theft and vandalism. You also may see lower rates on the eastern border where towns are less likely to have damage from tornadoes.
When shopping for homeowners insurance, it’s important to know what type of coverage you need as well as how much is right for your home. If you’re overinsured, you risk paying too much for home insurance, but if you’re underinsured, you may be stuck paying for a portion of an expensive rebuild out of pocket.
Due to the multitude of devastating storms, tornados, and wildfires in Oklahoma, it’s important to have enough dwelling coverage to rebuild your home after a total loss.
In this section, we break down the average annual home insurance rates in Oklahoma for different coverage and deductible levels, as well as the cheapest and most expensive home insurance companies in the state for individuals with a poor credit score, dog owners, and pool owners. Once you’re ready to shop, a Policygenius expert can help you navigate your coverage needs and help you find the best deal on homeowners insurance in Oklahoma .”
Oklahoma home insurance costs by coverage amounts
Dwelling coverage is the part of your policy that pays to repair or rebuild your house after a covered loss. The amount of coverage you need is based on your home’s replacement cost — not its market value or purchase price.
How much dwelling coverage you need will have an impact on the cost of your policy. In Oklahoma, the average annual cost of a policy with $100,000 in dwelling coverage is about $2,008, while a policy with $500,000 in dwelling coverage costs an average of $6,799 per year.
Dwelling coverage amount
Average yearly cost
$100,000
$2,008
$200,000
$3,176
$300,000
$4,331
$400,000
$5,553
$500,000
$6,799
Liability coverage protects you in case you are found responsible for someone else’s injuries or property damage. Your coverage amounts should be based on the total value of your assets, including your home, vehicles, and liquid assets.
Liability coverage amount
Average yearly cost
$100,000
$4,344
$200,000
$4,531
$300,000
$4,331
$400,000
$4,406
$500,000
$4,336
Oklahoma home insurance costs by deductible amount
Your home insurance deductible is the amount you must pay every time you file a claim. Once you have paid your deductible, your insurance will cover the rest of a claim, up to your coverage limit.
While lower deductibles will increase the price of your policy, you’ll want to avoid setting your deductible too high in Oklahoma, given the state’s large amount of natural disasters and the potential for frequent claims.
As seen in the table below, Oklahoma residents can save around $923 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible amount
Average yearly cost
$500
$4,718
$1,000
$4,331
$2,000
$3,795
Home insurance discounts in Oklahoma
Insurance companies often have discounts available for making your home safer. By installing a smoke detector, deadbolt lock, or burglar alarm, you are not only securing your home, you are also saving money on your insurance policy.
While you won’t get a huge discount if your house has one of the following features and nothing else, they can add up if you have several protective devices in your home. Here is the average annual rate and average discount percentage for homes in Oklahoma with deadbolts, smoke alarms, or burglar alarms.
Discount
Average yearly cost
Dead bolt
$4,330
Smoke alarm
$4,314
Burglar alarm
$4,160
Wind mitigation discounts in Oklahoma
Many home insurance companies offer wind mitigation discounts if your home is outfitted with features to withstand high winds and flooding caused by a hurricane or strong windstorm. In Oklahoma, you can save between 3% and 42% on the wind portion of your home insurance policy by by installing Fortified Roof and Fortified Home elements to your home to better protect it against high winds and hail.
Home insurance companies in Oklahoma for dog owners
Insurance companies will often charge higher home insurance rates if you have certain dog breeds, since these breeds are more likely to injure someone and result in expensive liability claims.
With an average rate of $3,264 per year, Allstate has the cheapest home insurance rates in Oklahoma for a home with a dangerous dog breed, while Oklahoma Farm Bureau’s average yearly premium of $5,069 is the highest.
Company
Average yearly cost
Allstate
$3,264
Farmers
$3,400
Oklahoma Farm Bureau Insurance
$3,848
USAA
$3,971
State Farm
$5,069
Home insurance companies in Oklahoma for poor credit
Insurance companies look at your credit score as an indication of what kind of risk you are to insure. Since you are more likely to file a home insurance claim if you have a low credit score, insurers usually charge higher rates for people with poor credit.
Not all insurance companies use your credit history to determine your rate, so it’s important to shop around.
With an average rate of $5,111 per year, Oklahoma Farm Bureau has the cheapest home insurance rates in Oklahoma for a homeowner with poor credit, while State Farm’s average yearly premium of $8,711 is the highest.
Company
Average yearly cost
Oklahoma Farm Bureau Insurance
$5,111
USAA
$5,133
Allstate
$5,481
Farmers
$6,761
State Farm
$8,711
Home insurance companies in Oklahoma for pool owners
Pool owners may see higher home insurance rates since swimming pools can lead to more injuries and are a higher risk for liability claims.
Not all insurance companies charge more for pool owners, so it’s smart to shop around for the lowest rates.
With an average rate of $3,355 per year, Allstate has the cheapest home insurance rates for Oklahoma homes that have a swimming pool, while State Farm’s average yearly premium of $5,069 is the most expensive.
Company
Average yearly cost
Allstate
$3,355
Farmers
$3,400
Oklahoma Farm Bureau Insurance
$3,848
USAA
$3,971
State Farm
$5,069
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.
Here are some steps to help you get started:
Reach out to a licensed Policygenius agent. A Policygenius agent can answer questions, determine how much coverage you need, and show you how to save money — all at no cost and with no impact on your credit.
Ask about a wind-only policy for tornado coverage. If damage from a tornado isn’t covered in your homeowners insurance policy, ask a Policygenius agent about wind-only insurance to make sure your home is protected.
Figure out how much you can afford to pay for your deductible. Opting for a higher deductible will save money on your policy, but those savings can be negated if you need to file multiple claims. A Policygenius agent can help you determine what you should be paying as a deductible.
Compare quotes from a Policygenius agent. There are many factors that go into determining your insurance rate. A Policygenius expert can help you compare rates from different companies so you can be sure you’re getting the policy you need at a fair price.
Choose your policy, sign it, and pay your first premium. Once you decide on a policy, a Policygenius agent can prepare the paperwork, so all you have to do is sign and pay your premium. We can even cancel your old policy for you if it’s still active.
What is the average homeowners insurance cost in Oklahoma?
The average cost of homeowners insurance in Oklahoma is $4,331 per year.
How much is house insurance a month in Oklahoma?
On average, the monthly cost of homeowners insurance in Oklahoma is $361 a month.
Is home insurance high in Oklahoma?
At a yearly average of $4,331, homeowners insurance in Oklahoma is 128% higher than the national average of $1,899.
Why is home insurance so expensive in Oklahoma?
Frequent tornadoes as well as risk of wildfires and other natural disasters make Oklahoma one of the most expensive states for homeowners insurance in the country.
Methodology
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.
Jessica Olivo is a writer living in Connecticut. She specializes in web and blog content in a variety of topics such as parenting, business, and culture, as well as serialized and short fiction.
After working in publishing and book publicity for many years, she transitioned to freelance writing full time.
