Tulsa may be known for its beautiful art deco architecture and tasty southern cuisine, but it also has a reputation for inclement weather and high home insurance rates.
The average cost of homeowners insurance in Tulsa is $3,735 per year for a policy with $300,000 in dwelling coverage. This is about 96% higher than the average nationwide rate of $1,899.
However, cost isn’t the only factor to consider when choosing a home insurance company. Not sure what to look for? Policygenius can help you figure out your coverage needs and compare quotes from multiple top companies in Tulsa.
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 homeowners insurance companies in Tulsa
Of the companies we looked at, Allstate’s $2,779 average annual premium is the lowest in Tulsa, while Oklahoma Farm Bureau’s average yearly rate of $3,751 is the highest. While average costs are generally high in Tulsa due to the threat of tornadoes and wildfires, there are several ways to keep costs down while ensuring your home is fully protected, as we’ll explain later in this guide.
Policygenius analyzed thousands of quotes from the 5 largest Tulsa 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 Tulsa residents to find the best homeowners insurance in Tulsa.
Company | Average yearly cost | J.D. Power Rating |
|---|---|---|
State Farm | $3,323 | 835 |
Farmers | $3,201 | 813 |
Allstate | $2,779 | 829 |
USAA | $3,740 | 882 |
Oklahoma Farm Bureau Insurance | $3,751 | -- |
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
Read our full State Farm home insurance review
Why State Farm tops our best list
State Farm’s commitment to customer service puts them at the top of our list. Their online and mobile resources make it easy to find information about your policy, get answers to questions, and file and track your claims. The State Farm mobile app is a convenient way to view your ID cards and upload pictures and documents in support of your claim.
How to get a quote
Online through State Farm
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
Read our full Farmers home insurance review here
Why Farmers tops our best list
Not all customers want or require the same home insurance policy. Farmers offers three package options, each with different levels of coverage and costs. The standard package appeals to homeowners with basic needs looking for affordable prices, while the highest-tiered package sports hire coverage limits and numerous add-ons.
How to get a quote
Online through Farmers
Why Allstate tops our best list
Allstate has a specialized catastrophe team that travels directly to customers impacted by natural disasters. If your power or internet is knocked out in a tornado or storm, Allstate provides mobile units where you can go in person to file a claim and receive support. The last thing you want after a catastrophe is a delay getting your life back to normal.
How to get a quote
Online through Policygenius or Allstate
Why USAA tops our best list
USAA has many ways for their members to save money on their already-low prices, including discounts on ADT equipment and monitoring. When you make your home safer through ADT’s security systems and alarms, you are less likely to file an insurance claim, which saves money for both you and your insurer.
How to get a quote
Online through USAA
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
Not many discounts compared to competitors
Why Oklahoma Farm Bureau tops our best list
Oklahoma Farm Bureau offers insurance coverage for new construction to protect your investment while your new home is still being built. You can purchase dwelling coverage as well as other structures coverage to make sure your shed, fence, and detached garage are protected during the building process as well.
How to get a quote
Online through Oklahoma Farm Bureau
Cheapest homeowners insurance companies by ZIP code in Tulsa
Looking at average home insurance costs for 15 of the most popular companies in Tulsa, we found that the cheapest home insurance in the city can be found in the 74108, 74117, 74134, and 74146 ZIP codes with Allstate. The average Allstate rate in these areas is $2,459 per year — about 34% less than the city average of $3,735 per year.
While Allstate has the cheapest rates in most of the city, Farmers’ rates are cheaper in the 74130 and 74172 ZIP codes.
ZIP code | Company | Average yearly cost |
|---|---|---|
74103 | Farmers | $2,581 |
74104 | Allstate | $2,705 |
74105 | Allstate | $2,796 |
74106 | Allstate | $2,705 |
74107 | Allstate | $3,090 |
74108 | Allstate | $2,459 |
74110 | Allstate | $2,705 |
74112 | Allstate | $2,705 |
74114 | Allstate | $2,796 |
74115 | Allstate | $2,705 |
74117 | Allstate | $2,459 |
74119 | Allstate | $2,705 |
74120 | Allstate | $2,705 |
74126 | Allstate | $2,705 |
74127 | Allstate | $2,705 |
74128 | Allstate | $2,705 |
74129 | Allstate | $2,705 |
74132 | Allstate | $3,090 |
74133 | Allstate | $2,550 |
74134 | Allstate | $2,459 |
74135 | Allstate | $2,796 |
74136 | Allstate | $2,796 |
74137 | Allstate | $2,550 |
74145 | Allstate | $2,796 |
74146 | Allstate | $2,459 |
74171 | Allstate | $2,796 |
74172 | Farmers | $3,533 |
The most affordable areas for homeowners insurance in Tulsa
With an average home insurance rate of $3,601 per year, the 74119 ZIP code (Uptown), is the most affordable area for home insurance in Tulsa. Since the homes in this area are moderately valued, they are likely to cost less to insure than more expensive homes.
ZIP code | Average yearly cost |
|---|---|
74119 | $3,601 |
74112 | $3,671 |
74106 | $3,677 |
74103 | $3,679 |
74104 | $3,682 |
The most expensive areas for homeowners insurance in Tulsa
With an average home insurance rate of $4,070, the 74172 ZIP code (Brady Arts District) is the most expensive area for home insurance in Tulsa. Since a majority of homes in this area were built prior to 1940, they will likely cost more to insure.
ZIP code | Average yearly cost |
|---|---|
74172 | $4,070 |
74132 | $3,859 |
74171 | $3,810 |
74145 | $3,798 |
74107 | $3,794 |
Shopping for homeowners insurance in Tulsa
When shopping for homeowners insurance, it’s important to familiarize yourself with both standard and additional coverages and understand how much of each you need. Tulsa residents should be sure you have enough dwelling coverage in case of a tornado or wildfire.
Since there are many factors that go into your home insurance rate, you may find some companies charge more or less for similar amounts of coverage. Comparing quotes from several companies will help you to determine which company can offer you the best coverage at the best price.
In this section, we break down the average annual home insurance rates in Tulsa 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 Tulsa.
Tulsa home insurance costs by coverage amounts
Dwelling coverage is the part of your home insurance that pays to repair or rebuild your house after a covered loss. Your coverage amount should be based on your home’s replacement value, which includes construction materials and labor costs.
Generally speaking, the more dwelling coverage you choose, the more your home insurance will cost. A policy with $100,000 in dwelling coverage costs an average of $1,741 per year in Tulsa, while a policy with $500,000 in coverage costs $5,860 — a difference of $4,119.
Dwelling coverage amount | Average yearly cost |
|---|---|
$100,000 | $1,741 |
$200,000 | $2,738 |
$300,000 | $3,735 |
$400,000 | $4,788 |
$500,000 | $5,860 |
Liability coverage protects your assets in case you are legally responsible for an injury or damage to someone’s property. To ensure you don’t end up covering medical or legal fees out of pocket, your liability coverage should be based on the total value of your assets, including your home, cars and other vehicles, cash, and investments.
Liability coverage amount | Average yearly cost |
|---|---|
$100,000 | $3,715 |
$200,000 | $3,921 |
$300,000 | $3,735 |
$400,000 | $4,045 |
$500,000 | $3,706 |
Tulsa home insurance costs by deductible amount
Your homeowners insurance deductible is the amount you pay towards each claim before insurance covers the rest of the loss. A high deductible generally means lower home insurance rates, but it also means you’ll be paying more out of pocket when you file a claim.
As seen in the table below, Tulsa residents can save around $775 on home insurance by choosing a $2,000 deductible over the $500 option.
Deductible amount | Average yearly cost |
|---|---|
$500 | $4,038 |
$1,000 | $3,735 |
$2,000 | $3,263 |
Home insurance discounts in Tulsa
Most insurance companies offer discounts for taking steps to make your home more secure. By installing a security alarm, smoke detector, or deadbolt lock, you are less likely to file a claim, which reduces costs for your insurer.
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 Tulsa with deadbolts, smoke alarms, or burglar alarms.
Discount | Average yearly cost |
|---|---|
Dead bolt | $3,734 |
Smoke alarm | $3,719 |
Burglar alarm | $3,588 |
Home insurance companies in Tulsa for dog owners
There are several dog breeds that are seen by home insurance companies as more likely to cause a liability claim due to bites and attacks. Because of this factor, owners of pit bulls, Rottweilers, German shepherds, and other so-called aggressive breeds will often see increased insurance rates.
With an average rate of $2,779 per year, Allstate has the cheapest home insurance rates in Tulsa for a home with a dangerous dog breed, while Oklahoma Farm Bureau’s average yearly premium of $3,751 is the highest.
Company | Average yearly cost |
|---|---|
Allstate | $2,779 |
Farmers | $3,201 |
State Farm | $3,323 |
USAA | $3,740 |
Oklahoma Farm Bureau Insurance | $3,751 |
Home insurance companies in Tulsa for poor credit
Your credit score can also have an impact on your homeowners insurance rates. Home insurance companies look at your credit-based insurance score to determine if you are a high or low risk to insure. Customers with good credit will usually pay less for insurance as they are more likely to pay for repairs out of pocket rather than file an insurance claim.
But not all insurers weigh this factor as heavily as others, so it’s best to shop around to make sure you get the best rate.
With an average rate of $4,517 per year, Allstate has the cheapest home insurance rates in Tulsa for a homeowner with poor credit, while Farmers’s average yearly premium of $6,442 is the highest.
Company | Average yearly cost |
|---|---|
Allstate | $4,517 |
USAA | $4,843 |
Oklahoma Farm Bureau Insurance | $4,983 |
State Farm | $5,709 |
Farmers | $6,442 |
Home insurance companies in Tulsa for pool owners
Insurance companies will often charge higher rates to pool owners since they are more likely to file a liability claim due to injuries. Not all insurers weigh this factor as heavily as others, so comparing quotes could help you find a low price, even if you have a pool.
With an average rate of $2,891 per year, Allstate has the cheapest home insurance rates for Tulsa homes that have a swimming pool, while Oklahoma Farm Bureau Insurance’s average yearly premium of $3,751 is the most expensive.
Company | Average yearly cost |
|---|---|
Allstate | $2,891 |
Farmers | $3,201 |
State Farm | $3,323 |
USAA | $3,740 |
Oklahoma Farm Bureau Insurance | $3,751 |
How to buy homeowners insurance in Tulsa
Shopping for homeowners insurance doesn’t have to be overly complicated. By comparing quotes from different insurance companies, you can find the best policy at a price you can afford. If you have questions, a Policygenius agent is here to help.
Here are a few steps to help you get started:
Reach out to a licensed Policygenius agent. Our agents can determine how much coverage you need and help you find it for the best price. Our services won’t cost you anything and won’t impact your credit score.
Ask about a wind-only policy for tornado coverage. Since tornadoes are frequent hazards in Oklahoma, it’s possible they aren’t covered in your homeowners insurance policy. Ask a Policygenius agent if you need wind-only insurance to make sure you’re covered.
Figure out how much you can afford to pay for your deductible. Knowing what you are able to pay out of pocket can help you determine if you’re better off with a low deductible to save money on potentially several claims, or a higher deductible to lower your home insurance rate.
Compare quotes from a Policygenius agent. If you have a pool, poor credit, or a pit bull, you might be viewed as a high-risk customer by certain insurance companies. By shopping around and comparing rates, you can find the most affordable home insurance available.
Choose your policy, sign it, and pay your first premium. A Policygenius agent can complete the necessary paperwork for you to sign and show you how to make your first payment. We’ll even cancel your old policy for you.
Frequently asked questions
What is the average homeowners insurance cost in Oklahoma?
The average cost of homeowners insurance in Oklahoma is $4,331 per year. The average cost in Tulsa is slightly lower, at $3,735 per year.
How much is tornado insurance in Oklahoma?
If tornados are not covered in your homeowners insurance policy, check with a Policygenius agent about separate windstorm insurance. Since Oklahoma is prone to tornadoes, you need to make sure your home is covered.
How much coverage should you buy for your home to be fully insured?
When selecting a dwelling coverage amount, you’ll want to make sure your policy covers your home’s replacement value. This is the cost to rebuild your home from the ground up after a covered loss.
Is home insurance high in Oklahoma?
Due to the risk of tornadoes and wildfires, Oklahoma has some of the highest homeowners insurance rates in the country. The average rate in Oklahoma is $4,331 per year — 128% higher than the national average of $1,899
