Jessica Olivo

By 

Jessica Olivo

Jessica Olivo

Freelance contributor

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.

Updated May 1, 2022

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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. 

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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.  

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 wildfires and tornadoes, 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

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State Farm

State Farm logo

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

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

Farmers logo

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

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

Allstate

Allstate logo

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

Cons

  • Rates are typically high compared to competitors

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 

USAA

USAA logo

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

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

Oklahoma Farm Bureau Insurance logo

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

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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

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:

  1. 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.

  2. 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. 

  3. 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.

  4. 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. 

  5. 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. 

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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

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.