Best & Cheapest Homeowners Insurance in Tulsa, OK For April, 2024

Chubb offers the cheapest homeowners insurance to homeowners in Tulsa, with an average annual quote of $1,218.

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Updated: 19 April 2024
Written by
Bob Phillips
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In our comprehensive review of homeowners insurance providers in Tulsa, OK, Chubb emerges as the most budget-friendly option, with average annual rates of $1,218. However, keep in mind that the best insurer for you may vary based on your unique circumstances and requirements.

For instance, if your credit score has taken a hit, Travelers stands out as the most economical choice with an average annual premium of $3,617. In contrast, if your home is on the older side, Allstate rises to the top with its competitive rates of $2,678 per year, and comprehensive coverage.

On the other hand, if you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution at $1,296 per year. And for those who’ve had a history of claims, State Farm still provides an affordable and understanding solution at $3,794 per annum.

Last, if you possess a wealth of personal property that needs protection, Allstate again proves to be your best bet, offering extensive coverage at a reasonable $1,952 per year.

Our in-depth analysis at Insuranceopedia is designed to guide you toward the perfect fit for your homeowners insurance needs. By comparing customer ratings, analyzing personal experiences, and presenting comparison charts, we will provide you with all the information necessary to make an informed decision.

How much is homeowners insurance in Tulsa, OK?

Chubb offers the most affordable rate for homeowners insurance in Tulsa, at $1,218 annually.

As you can see below, rates in Tulsa are more expensive than the National average. However, the rates are slightly lower than the Oklahoma State average.

Area Average Monthly Rate
National $1,820
Oklahoma $2,530
Tulsa $2,134

It’s important to understand that rates are not a one-size-fits-all matter. They can fluctuate significantly based on a myriad of factors.

Cheapest Homeowners Insurance in Tulsa, OK 2024

Our Methodology

To find the cheapest home insurance rates in Tulsa, we analyzed findings from numerous home insurance review sites, some of which analyzed rates from public filings obtained by Quadrant Information Services. We’ve used an average of those rates for this review, but each company’s rates change frequently and will vary based on your situation. Also factored into the overall rating is my subjective opinion based on fifteen years of experience as a licensed insurance agent and over three decades of purchasing home insurance.

66

Quotes Analyzed

15+

Years Of Industry Experience

24

Brands Reviewed

40+

Research Hours

Cheapest homeowners insurance in Tulsa, OK

Chubb emerges as the cheapest overall option for homeowners insurance in Tulsa, OK, with an average annual rate of $1,218.

Company Annual Premium
Chubb $1,218
State Farm $1,689
Allstate $1,930
Travelers $2,045
USAA $2,418

The cost of your policy is influenced by many factors, including location, home value, and your claims history. Chubb offers a balanced blend of affordability and comprehensive coverage.

Cheapest Homeowners Insurance In Tulsa If You Have an Older Home

For those with older homes, Allstate offers the cheapest rates, averaging $2,678 per year.

Insurance Company Average Annual Premium
Allstate $2,678
Farmers $3,067
State Farm $3,346
USAA $3,756
Chubb $4,318

Older homes often come with unique risks and maintenance issues, which can drive up insurance costs. Allstate offers competitive rates and comprehensive coverage tailored to meet the needs of older homes.

Cheapest Homeowners Insurance If You Have Poor Credit

If your credit score is poor, Travelers provides the most affordable solution, with an average annual rate of $3,617.

Insurance Company Average Annual Premium
Travelers $3,617
USAA $4,846
Chubb $7,792
Allstate $4,518
State Farm $5,709

Your credit score can significantly impact your insurance rates as it’s a key factor insurers consider when calculating risk. Travelers understands that everyone deserves fair coverage, regardless of their financial past.

Cheapest Homeowners Insurance for Newly Constructed Homes

If you’re the proud owner of a newly constructed home, State Farm offers the most cost-effective solution, with an average annual rate of $1,296.

Insurance Company Average Annual Premium
State Farm $1,296
Travelers $1,367
USAA $1,399
Allstate $1,425
AAA $2,736

New constructions often require different coverage compared to older homes, and State Farm excels in providing affordable policies tailored to these specific needs.

Cheapest Home Insurance In Tulsa for a History of Claims

For homeowners with a history of claims, State Farm provides an affordable solution, with an average annual rate of $3,794.

Insurance Company Average Annual Premium
State Farm $3,794
Allstate $4,024
USAA $5,228
Farmers $3,907
Chubb $8,830

A history of claims can raise red flags for insurers, often leading to higher premiums. However, State Farm believes in second chances and offers reasonable rates for those with past claims.

Cheapest Home Insurance Rates for Lots of Personal Property

If you have a wealth of personal property, Allstate offers the cheapest rates, with an average annual rate of $1,952.

Insurance Company Average Annual Premium
Allstate $1,952
State Farm $1,983
USAA $1,538
Travelers $2,094
AAA $4,074

The more personal property you have, the higher your coverage needs, which can increase premiums. Allstate provides extensive coverage at reasonable rates, ensuring all your belongings are adequately protected.

Best Homeowners Insurance Companies in Tulsa, OK

Choosing the right homeowners insurance is not just a necessity; it’s a strategic decision. With a rich history, Tulsa’s homes are as unique as its residents. Therefore, finding an insurance provider that offers comprehensive coverage at competitive rates becomes paramount.

To make your decision-making process easier, we’ve compiled a list of the top homeowners insurance companies in Tulsa, OK. These companies have been assessed based on their annual premiums, coverage options, customer satisfaction ratings, and overall reliability. Take a look at our comparison chart below and find the perfect fit for your home insurance needs.

Company Annual Premium
Chubb $1,218
Farmers $1,547
AAA $3,846
State Farm $1,689
Allstate $1,930
Travelers $2,045
USAA $2,418

Average Home Insurance Rates by Zip Codes

The cost of homeowners insurance in Tulsa, OK can vary significantly based on the zip code. Below are tables showcasing rates for different zip codes in Tulsa, along with the five cheapest and most expensive zip codes in the area for annual home insurance premiums.

ZIP Code Average Insurance Premium (Annual)
74137 $3,743
74136 $3,750
74105 $3,724
74133 $3,695
74112 $3,672
74134 $3,783
74107 $3,796
74135 $3,725

Cheapest Zip Codes

ZIP Code Average Insurance Premium (Annual)
74106 $3,776
74112 $3,672
74119 $3,602
74120 $3,684
74146 $3,683

Most Expensive Zip Codes

ZIP Code Average Insurance Premium (Annual)
74132 $3,860
74171 $3,810
74117 $3,767
74107 $3,796
74145 $3,798

Average Home Insurance Rates in Tulsa, OK by Deductible Amount

The deductible amount chosen for a homeowners insurance policy significantly affects the premium rates in Tulsa, OK. Here’s how the average home insurance rates fluctuate for different deductible amounts:

Deductible Amount Annual Rate
$500 $3,382
$1,000 $3,089
$1,500 $2,877
$2,000 $2,696
$5,000 $2,338

Average Home Insurance Rates in Tulsa, OK By Coverage Amount

One of the key components that influences your premium is the dwelling coverage amount. This is the maximum amount your insurance company will pay to rebuild or repair your home if it’s damaged or destroyed.

Let’s take a closer look at a comparison chart that outlines the average annual homeowners insurance premiums for different dwelling coverage amounts.

Dwelling Coverage Amount Average Annual Premium
$200,000 $2,738
$250,000 $3,394
$300,000 $3,735
$350,000 $4,467
$400,000 $4,789

Average Home Insurance Rates in Tulsa, OK by Company

Here’s a comparison table showcasing annual premiums from some of the top providers in Tulsa

Company Annual Premium
Chubb $1,218
Farmers $1,547
AAA $3,846
State Farm $1,689
Allstate $1,930
Travelers $2,045
USAA $2,418

How Much is Homeowners Insurance for Other Cities in Oklahoma?

The following is a  detailed comparison chart that showcases the cheapest  annual premiums across various cities in Oklahoma.

City Annual Rate
Afton $1,976
Antlers $1,975
Boynton $2,034
Lawton $2,244
Norman $2,431

Getting Online Homeowners Insurance Quotes in Oklahoma

With informative sites like Insuranceopedia, finding the best coverage for your unique needs is just a few clicks away. By providing quick online quotes from a variety of top-rated insurers, Insuranceopedia helps you to compare rates at a glance.

Just input your details and let us do the hard work, presenting you with a range of options tailored to your requirements. This way, you can confidently choose a policy that offers the highest value, balancing cost with comprehensive coverage.

FAQs

Who has the cheapest home insurance in Tulsa, OK?

The cheapest home insurance in Tulsa, Oklahoma, is provided by Nationwide, with an annual premium of $1,218

What is the average cost of home insurance in Tulsa, OK?

The average cost of homeowners insurance in Tulsa, Oklahoma, is approximately $2,134 per year.

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