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 113% higher than the average nationwide rate of $1,754.
Compare the best cheap homeowners insurance companies in Tulsa
Of the companies we looked at, Allstate’s $2,779 average annual premium is the lowest in Tulsa, while Foremost’s average yearly rate of $4,930 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.
To find the best cheap homeowners insurance in Tulsa, Policygenius rated over a dozen of the largest insurance companies in Oklahoma across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.
Company | Average monthly cost | Policygenius rating | |
|---|---|---|---|
$277 | 4.8 out of 5 | ||
$267 | 4.5 out of 5 | ||
$232 | 4.4 out of 5 | ||
$313 | 3.9 out of 5 | ||
$346 | 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.
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 Tulsa 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 Tulsa, 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 Tulsa average?
The average cost of home insurance from State Farm in Tulsa is $3,323 per year, which is 11% cheaper than the Tulsa average.
How to get a quote
Online through State Farm or by contacting your local State Farm agent.
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 Tulsa. The company has a range of coverage add-ons, discounts, and high claims satisfaction scores — and rates are lower than the average in Tulsa.
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 Tulsa. 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 Tulsa?
The average cost of Farmers home insurance in Tulsa is $3,201 per year, which is 14% cheaper than the average cost of home insurance in the city.
How to get a quote
Online through Farmers
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 Tulsa 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 Tulsa. If you're looking for affordable rates, the cost of coverage from Allstate is almost $1,000 cheaper than the city 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 Tulsa. 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 Tulsa average?
The average cost of an Allstate home insurance policy in Tulsa is $2,779 per year, which is 26% cheaper than the city average.
How to get a quote
Online through Policygenius or Allstate, or by contacting a local Allstate agent
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 Tulsa 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 Tulsa average?
The average cost of Oklahoma Farm Bureau home insurance in Tulsa is $3,751 per year, which is about equal to the average premium in Tulsa.
How to get a quote
By contacting a local Oklahoma Farm Bureau agent
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 Tulsa. 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 Tulsa. 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 average.
How do Shelter home insurance rates compare to the Tulsa average?
The average cost of home insurance from Shelter in Tulsa is $4,149 per year, which is 11% more expensive than the city average.
How to get a quote
Online through Shelter
How much is homeowners insurance in Tulsa?
The average cost of home insurance in Tulsa is $3,735 per year, or $311 a month, for a policy with $300,000 in dwelling coverage. This is around 10% cheaper than the average annual cost of $4,161 for homeowners insurance in Oklahoma, and about 113% higher than the national average.
Tulsa home insurance rates by ZIP code
Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Tulsa neighborhoods may be more prone to extreme weather damage or property crime than others.
To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Tulsa.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
74133 | $3,694 | -11% |
74136 | $3,750 | -10% |
74137 | $3,742 | -10% |
74105 | $3,723 | -11% |
74115 | $3,743 | -10% |
74112 | $3,671 | -12% |
74134 | $3,782 | -9% |
74135 | $3,724 | -11% |
74107 | $3,794 | -9% |
74129 | $3,716 | -11% |
Cheapest ZIP codes for home insurance in Tulsa
With an average home insurance rate of $3,601 per year, the 74119 ZIP code is the most affordable area for home insurance in Tulsa.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
74119 | $3,601 | -13% |
74112 | $3,671 | -12% |
74106 | $3,677 | -12% |
74103 | $3,679 | -12% |
74104 | $3,682 | -12% |
74114 | $3,683 | -11% |
74146 | $3,683 | -11% |
74120 | $3,684 | -11% |
74108 | $3,686 | -11% |
74133 | $3,694 | -11% |
Most expensive areas for homeowners insurance in Tulsa
With an average annual premium of $4,070, the 74172 ZIP code is the most expensive ZIP code in Tulsa for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.
ZIP code | Average annual cost | Difference from state average (%) |
|---|---|---|
74172 | $4,070 | -2% |
74132 | $3,859 | -7% |
74171 | $3,810 | -8% |
74145 | $3,798 | -9% |
74107 | $3,794 | -9% |
74134 | $3,782 | -9% |
74117 | $3,766 | -9% |
74136 | $3,750 | -10% |
74115 | $3,743 | -10% |
74137 | $3,742 | -10% |
Learn more >> Home insurance rates by ZIP code
Tulsa home insurance costs by coverage amount
Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.
Here are the average rates for homeowners insurance based on coverage amount.
Dwelling coverage limit | Average annual cost |
|---|---|
$100,000 | $1,741 |
$200,000 | $2,738 |
$300,000 | $3,735 |
$400,000 | $4,788 |
$500,000 | $5,860 |
Tulsa home insurance costs by deductible amount
Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.
Here are the average rates for homeowners coverage by deductible amount.
Deductible | Average annual cost |
|---|---|
$500 | $3,413 |
$1,000 | $3,751 |
$2,000 | $2,756 |
Cheapest homeowners insurance companies in Tulsa
Based on our analysis, Allstate, American National, and Armed Forces Insurance are the three cheapest home insurance companies in Tulsa, with average premiums citywide ranging from $2,779 to $3,072 per year.
Company | Average annual cost |
|---|---|
$2,779 | |
$3,028 | |
$3,072 | |
AFR Insurance | $3,114 |
$3,201 | |
$3,323 | |
$3,740 | |
$3,751 | |
$4,149 | |
$4,833 | |
$4,903 | |
$4,930 |
Cheapest home insurance in Tulsa if you have poor credit
A bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.
Here are the average rates for homeowners insurance for Tulsa residents with poor credit.
Company | Average annual cost |
|---|---|
AFR Insurance | $3,765 |
Armed Forces Insurance | $3,944 |
Allstate | $4,517 |
USAA | $4,843 |
Farm Bureau Insurance | $4,983 |
Shelter Insurance | $5,706 |
State Farm | $5,709 |
Farmers | $6,442 |
Chubb | $7,795 |
Foremost | $8,146 |
American National | $9,108 |
The Hanover | $9,777 |
Cheapest home insurance in Tulsa if you have an older home
Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code.
Here are the average homeowners insurance rates for Tulsa residents with older homes.
Company | Average annual cost |
|---|---|
American National | $2,499 |
Allstate | $2,676 |
Farmers | $3,077 |
AFR Insurance | $3,114 |
Armed Forces Insurance | $3,209 |
State Farm | $3,323 |
Farm Bureau Insurance | $3,751 |
USAA | $3,755 |
Shelter Insurance | $4,149 |
Chubb | $4,317 |
Foremost | $4,808 |
The Hanover | $5,031 |
Cheapest homeowners insurance in Tulsa if you have a history of claims
Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.
Here's the cheapest home insurance companies in Tulsa for a homeowner with three claims within a five-year period on their record.
Company | Average annual cost |
|---|---|
Farmers | $3,538 |
State Farm | $3,792 |
AFR Insurance | $3,884 |
Allstate | $4,028 |
American National | $4,374 |
Armed Forces Insurance | $4,797 |
The Hanover | $5,031 |
USAA | $5,227 |
Farm Bureau Insurance | $6,515 |
Shelter Insurance | $8,432 |
Chubb | $8,827 |
Foremost | $9,724 |
How to get homeowners insurance quotes 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 5 steps to buying homeowners insurance in Tulsa:
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 — 147% higher than the national average of $1,754.
