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The Best Homeowners Insurance in Oklahoma [2023]

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Find a top-ranked Homeowners Insurance Agency in your area

Oklahoma is well known for its breathtaking plains and prairies, but did you know that it’s also located in the heart of Tornado Alley? If you’re a new Sooner State homeowner, you’ll want to make sure you, your family, and your home are protected.

Unfortunately, as a natural disaster-prone state, Oklahoma has the most expensive homeowners insurance coverage in the country. While home insurance premiums may be higher on average, that doesn’t mean you can’t find a great deal on coverage that fits your budget and lifestyle.

We at Expertise.com have analyzed a handful of home insurance companies to uncover everything to know about homeowners insurance in Oklahoma and help you find the most comprehensive, cheapest coverage to suit your needs.

Average Cost of Homeowners Insurance in Oklahoma

The average cost of homeowners insurance in Oklahoma is $4,445 per year according to Insurance.com, which is nearly double the national average of $2,305.

Oklahoma may have the highest rates in the country, but the cost of homeowners insurance can vary significantly based on a few key factors:

  • The age of your home: Is your Oklahoma home older? If so, it may be more at risk for structural wear and tear.

  • Property values in your area: How high are property values in your area? Since insurance deals with repairs and replacement, more expensive properties also cost more to insure.

  • The square footage of your home: How big is your home? In general, larger homes are more costly to insure.

  • The materials used to build your home: Was your Oklahoma home built using materials prone to rotting or structural damage?

  • Your location: Do you live in an area with high crime rates? How close is your home to a fire department? Do you live in or near a flood zone?

  • Additional features: Does your house have a swimming pool or hot tub? Do you have pets, and if so, what are their breeds? Insurers may consider these as potential liabilities when assessing rates.

Your deductible: Paying a higher deductible will lower your premium, but could cost you more if you file a claim. Speak with your insurance agent about lowering deductibles to get the best plan for your budget.

Oklahoma Homeowners Insurance Rates by City

Oklahoma is a large state with cities big and small, so it’s no surprise that home insurance rates vary widely from city to city.

Below is a breakdown of the average annual rate based on the largest Oklahoma cities:

City

Average Annual Rate

Broken Arrow

Cheektowaga

Edmond

Lawton

Norman

Oklahoma City

Tulsa

The Best Homeowners Insurance in Oklahoma

After extensive research, we at Expertise.com found the following insurance agencies to provide the best, comprehensive coverage in Oklahoma:

USAA logo

USAA


Average Annual Rate: ~ $3,852

Notes: Best option for active military, veterans, and their families, however, not available to civilians

State Farm logo

State Farm


Average Annual Rate: ~ $4,614

Notes: High customer satisfaction and great for new homeowners, but fewer discount options

Chubb logo

Chubb


Average Annual Rate: ~ 5,008

Notes: More expensive but good option for high-value properties, and outstanding customer service

Farmers logo

Farmers


Average Annual Rate: ~ $4,244

Notes: Affordable option, good customer satisfaction,  and offers add-ons for flood and earthquake coverage

Allstate logo

Allstate


Average Annual Rate: ~ $3,902

Notes: Favorable rates and user-friendly online tools, but fewer customizable policy choices

Travelers logo

Travelers


Average Annual Rate: ~ $5,187

Notes: Flexible deduction options and great customer support scores, but fewer discounts

Cheapest Homeowners Insurance in Oklahoma

The cheapest homeowners insurance in Oklahoma can depend on a variety of factors (many listed above), so it’s important to shop around. Based on our research, the following providers have some of the cheapest coverage options in the state of Oklahoma:

  • American Strategic Insurance Corp.  — average annual rate of $2,100

  • Safeco  — average annual rate of $2,500

  • American Farmers & Ranchers  — average annual rate of $2,700

  • Oklahoma Farm Bureau  — average annual rate of $3,700

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Find Cheap Homeowners Insurance in Your Area

FAQs

Below, we tackle some common questions to help you make a more informed decision about which homeowners insurance to choose in Oklahoma specifically.

How to Reduce Homeowners Insurance Costs in Oklahoma

As we’ve noted, the price you pay for Oklahoma home insurance can vary substantially by insurer. 

Here are a few ways to reduce costs:

  • Increase your deductible. This will help reduce monthly payments to your insurer but could mean paying more out of pocket if you need to make a claim. Similarly, you can lower your monthly costs by paying your 6-month or 1-year premium in full.

  • Bundle policies. In Oklahoma, you can save around 10-20% on your premiums by bundling your home and auto insurance. Be sure to ask if your insurance provider offers home and car insurance bundling options and how they can help you save.

  • Take the necessary steps to make your home disaster-resistant. Some examples include:

    • Install a smoke detector and/or fire alarm.

    • Get a burglar alarm and/or deadbolt locks.

    • Install a sprinkler system.

    • Installing an impact-resistant roof for hail.

    • Plumbing, heating, or electrical upgrades

  • Nix the high-risk accessories. Clearing your home of things that are considered “high risk” could save you on your premiums. For example, when the kids go off to college, consider throwing out the backyard trampoline.

  • Seek out other discounts. Some things to look into:

    • Do you work from home? Insurance providers may consider you less risky for burglary or that you may spot a fire or flood sooner.

    • Are you retired or a senior citizen? You may qualify for a discount. 

    • Does your employer offer a group deal?

    • Some insurers will offer you a discount if you renew your policy with them for multiple years.

    • Choosing paperless billing can also help you save.

  • Keep good credit. Insurers will look at policyholders’ credit history and charge less for those with good financial strength and standings.

As always, consult your insurance agent to see which of the above discounts you qualify for.

Oklahoma Insurance Options In Your City

At Expertise.com, our goal is to connect Oklahoma residents with the best local experts and agencies, so you can find the home insurance policy that safely insures your home and most prized possessions. 

View our list of the 14 best homeowners insurance agencies here

Learn more about the best homeowners insurance options in your respective Empire State cities below:

Our methodology evaluates each provider based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.