Best homeowners insurance in Oklahoma (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Oklahoma.

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By

Jennifer GimbelSenior Managing Editor & Home Insurance ExpertJennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.
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Reviewed by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

Updated|4 min read

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What to do if you’ve been impacted by 2024 tornadoes

Over 100 tornadoes swept through several states at the end of April, 2024, including parts of Texas, Kansas, Nebraska, Missouri, and Iowa. Homeowners impacted by these tornadoes may need to file a claim with their insurance company for damage caused by the storms. Policygenius has several resources available to help guide homeowners through the claims process. Homeowners looking for a new insurance policy can reach out to our expert home insurance agents to compare quotes from multiple companies.

How to file a storm damage insurance claim

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Tornado season in Oklahoma

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. 

Compare home insurance rates in Oklahoma

Compare the best homeowners insurance companies in Oklahoma

State Farm, Farmers, and Allstate top our list of the best homeowners insurance companies in Oklahoma.

To come up with our top picks, we looked at the 10 Oklahoma companies with the highest market share in the state and chose the five with the highest overall Policygenius rating. Our ratings are based on each company's financial strength and customer satisfaction ratings, the number and quality of available coverages, and average policy premiums in 578 Oklahoma ZIP codes.

Company

Best for...

Average monthly cost

Policygenius rating

State Farm

Overall

$413

4.8 out of 5

Farmers

Robust coverage add-ons

$283

4.5 out of 5

Allstate

Low rates & deductible perks

$272

4.4 out of 5

Farm Bureau Insurance

Farm & ranch coverage

$321

3.9 out of 5

Shelter Insurance

Private & NFIP flood coverage

$379

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.

Compare home insurance rates in Oklahoma

Best overall homeowners insurance in Oklahoma: State Farm

award icon

2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is one of the best home insurance companies in Oklahoma thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

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 detailschevron icon

Why we chose State Farm

State Farm is the best home insurance company in Oklahoma, 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 Oklahoma average?

The average cost of home insurance from State Farm in Oklahoma is $4,952 per year, which is 19% more expensive than the statewide average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

Best for robust coverage add-ons: Farmers

award icon

2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Oklahoma. The company has a range of coverage add-ons, discounts, and high claims satisfaction scores — and rates are lower than the average in Oklahoma.

Pros and conschevron icon

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 detailschevron icon

Why we chose Farmers

Farmers is one of the best home insurance companies in Oklahoma. 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 Oklahoma?

The average cost of Farmers home insurance in Oklahoma is $3,400 per year, which is 18% cheaper than the average cost of home insurance in the state.

How to get a quote

Online through Farmers

Best for low rates & deductible perks: Allstate

award icon

2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Allstate is one of the best homeowners insurance companies in Oklahoma 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 conschevron icon

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 detailschevron icon

Why we chose Allstate

Allstate made our list of the best home insurance companies in Oklahoma. If you're looking for affordable rates, the cost of coverage from Allstate is almost $900 cheaper than the state 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 Oklahoma. 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 Oklahoma average?

The average cost of an Allstate home insurance policy in Oklahoma is $3,264 per year, which is 22% cheaper than the state average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent

Best for farm & ranch coverage: Oklahoma Farm Bureau

Texas Farm Bureau

Farm Bureau Financial Services logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starHalf orange starEmpty gray star

3.9

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Why we chose itchevron icon

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 conschevron icon

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 detailschevron icon

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 Oklahoma 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 Oklahoma average?

The average cost of Oklahoma Farm Bureau home insurance in Oklahoma is $3,848 per year, which is about 8% cheaper than the average annual premium in Oklahoma of $4,161.

How to get a quote

By contacting a local Oklahoma Farm Bureau agent

Best for private & NFIP flood coverage: Shelter Insurance

award icon

2024 Policygenius award winner

Shelter Insurance

Shelter Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.3

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Offers earthquake insurance

Offers flood insurance

Smart home discounts

Why we chose itchevron icon

Shelter is one of the best homeowners insurance companies in Oklahoma. The company specializes in covering high-risk properties, and offers both private flood insurance and coverage through the National Flood Insurance Program.

Pros and conschevron icon

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 detailschevron icon

Why we chose Shelter

Shelter is one of the companies with the best homeowners insurance in Oklahoma. 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 Springfield's average.

How do Shelter home insurance rates compare to the Oklahoma average?

The average cost of home insurance from Shelter in Oklahoma is $4,548 per year, which is 9% more expensive than the state average.

How to get a quote

Online through Shelter

How much is homeowners insurance in Oklahoma?

The average cost of homeowners insurance in Oklahoma is $4,161 per year for an insurance policy with $300,000 in dwelling coverage. This is around 137% higher than the nationwide average of $1,754. 

In a state like Oklahoma, premiums are higher in large part due to the outsized risk of natural disasters in certain areas. As wildfires, tornadoes, flooding, and storms continue to worsen and cause extensive damage to homes all over the state, insurance companies account for this by charging higher rates. 

Oklahoma homeowners insurance rates by city

Home insurance costs in Oklahoma can vary depending on where you live. Cities with a high risk of natural disasters such as wildfires, tornadoes, or other extreme weather conditions will likely have higher average home insurance rates. 

Here’s a look at the average cost of home insurance in the 20 largest cities in Oklahoma.

City

Average monthly cost

Average annual cost

Difference from state average (%)

Oklahoma City

$395

$4,745

14%

Tulsa

$311

$3,735

-10%

Norman

$369

$4,431

6%

Broken Arrow

$320

$3,845

-8%

Edmond

$394

$4,727

14%

Lawton

$367

$4,404

6%

Moore

$405

$4,859

17%

Midwest City

$402

$4,821

16%

Enid

$349

$4,192

1%

Stillwater

$335

$4,025

-3%

Owasso

$304

$3,645

-12%

Bartlesville

$304

$3,646

-12%

Muskogee

$328

$3,932

-6%

Shawnee

$365

$4,377

5%

Bixby

$305

$3,663

-12%

Jenks

$308

$3,696

-11%

Ardmore

$340

$4,085

-2%

Ponca City

$345

$4,145

0%

Duncan

$380

$4,562

10%

Sapulpa

$345

$4,140

-1%

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Oklahoma homeowners insurance rates by coverage amount

The table below highlights the average annual premium in Oklahoma for five different levels of dwelling coverage, which is the part of your policy that covers structural damage to your home.

Generally speaking, more dwelling coverage means higher homeowners insurance rates, as shown in the table below.

Dwelling coverage limit

Average annual cost

$100,000

$1,916

$200,000

$3,029

$300,000

$4,161

$400,000

$5,334

$500,000

$6,528

Compare home insurance rates in Oklahoma

Cheapest homeowners insurance companies in Oklahoma

Based on our analysis, Armed Forces Insurance, AFR Insurance, and Allstate are the three cheapest home insurance companies in Oklahoma, with statewide average premiums ranging from $3,149 to $3,264 per year. Farmers, American National, and Oklahoma Farm Bureau are also among the most affordable home insurance carrier options for Oklahoma residents in 2023, as detailed in the table below.

Company

Average annual cost

Armed Forces Insurance

$3,149

AFR Insurance

$3,217

Allstate

$3,264

Farmers

$3,400

American National

$3,492

Farm Bureau Insurance

$3,848

USAA

$3,971

Shelter Insurance

$4,548

State Farm

$4,952

The Hanover

$5,328

Chubb

$5,566

Foremost

$6,144

Collapse table

Cheapest Oklahoma homeowners insurance if you have poor credit

Generally, individuals with better credit scores enjoy lower home insurance premiums. Insurance companies have found that customers with lower credit scores file more claims for small losses, like a pipe leak, since they may not be in a financial position to pay for these damages out of pocket.

Here's the cheapest homeowners insurance in Oklahoma for a homeowner with poor credit.

Company

Average annual cost

AFR Insurance

$3,890

Armed Forces Insurance

$4,048

Farm Bureau Insurance

$5,111

USAA

$5,133

Allstate

$5,481

Shelter Insurance

$6,265

Farmers

$6,761

State Farm

$8,711

Chubb

$9,306

American National

$10,497

The Hanover

$10,968

Foremost

$11,155

Collapse table

Cheapest Oklahoma homeowners insurance if you have an older home

The median age of homes in Oklahoma is 42 years old, according to an analysis of U.S. census data by House Method. And like everything else, the age of your home plays a role in how much you pay for home insurance in Oklahoma.

Older and historic homes are usually more expensive to insure than newer homes. This is because insurers consider them a higher risk than newer homes since they can be fragile, their construction materials may be obsolete, and certain structural components like the roof or plumbing may not be in good shape or up to current-day code. Because of this, they'll charge higher premiums to offset the risk.

Here's the cheapest home insurance in Oklahoma for a home that's over 50 years old:

Company

Average annual cost

American National

$2,953

Allstate

$3,181

AFR Insurance

$3,217

Farmers

$3,268

Armed Forces Insurance

$3,286

Farm Bureau Insurance

$3,848

USAA

$4,032

Shelter Insurance

$4,548

State Farm

$5,068

Chubb

$5,143

The Hanover

$5,653

Foremost

$6,582

Collapse table

Cheapest Oklahoma homeowners insurance if you have a history of claims

One of the biggest factors that plays a role in your home insurance premium is your claims history. You'll typically pay more for home insurance if you have multiple claims on your record, since insurers perceive you as posing a greater risk of filing more.

Here's the cheapest home insurance companies in Oklahoma for a homeowner with three claims within a five-year period:

Company

Average annual cost

Farmers

$3,720

AFR Insurance

$4,012

Allstate

$4,905

Armed Forces Insurance

$4,908

American National

$5,171

USAA

$5,456

The Hanover

$5,653

State Farm

$5,782

Farm Bureau Insurance

$6,683

Shelter Insurance

$9,271

Chubb

$10,542

Foremost

$13,317

Collapse table

Coverage options in Oklahoma

When you buy homeowners insurance in Oklahoma, there are two additional coverage options you may need to consider to protect against the state’s frequent natural disasters.

Flood insurance

Homeowners insurance does not cover water damage caused by flooding in Oklahoma or any of the other 49 states. So if your house is in a high-risk flood zone, you’ll want to consider purchasing flood insurance.

Many home insurance providers in Oklahoma offer NFIP flood insurance as a separate policy, but some companies also offer their own private flood insurance or flood insurance add-ons that you can add to your home insurance for an additional fee.

Learn more >> How much does flood insurance cost?

Wildfire insurance

In addition to flooding and tornadoes, Oklahoma also experiences many wildfires. Oklahoma has the seventh most properties at risk of wildfire damage of any U.S. state, according to Verisk Analytics. If you live in a wildfire-prone region of Oklahoma, be sure you have enough dwelling coverage to fully replace your home in the event of a disaster and consider adding extended replacement or guaranteed replacement cost coverage to your policy.

Learn more >> What is wildfire insurance & how much do I need?

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. 

5 steps to buying home insurance in Oklahoma

  1. 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.

  2. 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. 

  3. 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. 

  4. 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. 

  5. 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. 

Compare home insurance rates in Oklahoma

Frequently asked questions

What is the average homeowners insurance cost in Oklahoma?

The average cost of homeowners insurance in Oklahoma is $4,161 per year.

How much is house insurance a month in Oklahoma?

On average, the monthly cost of homeowners insurance in Oklahoma is $347 a month.

Is home insurance high in Oklahoma?

At a yearly average of $4,161, homeowners insurance in Oklahoma is 137% higher than the national average of $1,754.

Why is home insurance so expensive in Oklahoma?

Frequent tornadoes as well as risk of wildfires, tornadoes, and other natural disasters make Oklahoma one of the most expensive states for homeowners insurance in the country.

Author

Jennifer Gimbel is a senior managing editor at Policygenius, where she oversees all of our insurance coverage. Previously, she was the managing editor at Finder.com and a content strategist at Babble.com.

Editor

Pat Howard is a licensed insurance expert and managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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