Best Homeowners Insurance in Oklahoma For 2024

State Farm offers the best homeowners insurance in Oklahoma.

min read
Updated: 15 March 2024
Written by
Bob Phillips
On this page Open

If you make your home in Oklahoma, you probably know about its weather and climate, which ranges from humid subtropical in the east to semi-arid in the western part of the state. Winters are mild and summers can be really hot. In fact, Oklahoma is one of the ten hottest states in the country. It lies within the area called Tornado Alley, which adds to the possibility of twisters, especially April through June.

I know how difficult choosing just the right insurance coverage for your home and property can be. You might be searching for a company that can provide you with the coverage you need if you suffer losses from severe weather. It goes without saying that you probably want this coverage at a price that’s affordable.

I’ve found, through research, that State Farm is the best of the best homeowners insurance carriers in the state. But I urge you to read through the statistics and data found here, then based on your insurance needs, make the determination of which insurer is best for you.

Best home insurance companies in Oklahoma 2024

Compare the Best Homeowners Insurance in Oklahoma

Overall Rating AM Best Rating J.D. Power Customer Satisfaction Online Experience Rating Best Suited For Get A Quote
State Farm
4.9

A++

829

9

Best Overall

Instant Quote
Allstate
4.7

A++

816

9

Discounts

Instant Quote
Nationwide
4.6

A+

815

8

Coverage Options

Instant Quote
Farmers
4.4

A+

792

9

Policy Perks

Instant Quote
Chubb
4.8

A+

809

7

Cheap Rates

Instant Quote
Scroll to see comparisons

Our Methodology

When trying to determine which home insurers are the best in Oklahoma, our selections are based on data pertaining to things like ratings from respected, unbiased companies such as AM Best and J.D. Power, customer reviews and ratings, and other information. We get our information on customer satisfaction from J.D. Power. We get out stats about a company's financial strength from AM Best. We also look at reviews left online by policyholders, and take my personal experience into consideration.

49

Quotes Analyzed

18

Brands Reviewed

30+

Research Hours

15+

Years Of Experience

The Best Home Insurance Companies In Oklahoma


Best Coverage Options

Overall Rating
4.9

Key Statistics

10/10 Premium Affordability
10/10 Coverage Level
9/10 Claims
9/10 Customer Reviews

Why We Like Them

State Farm is our number one pick for the best home insurance in the state of Oklahoma. This is a company that consistently receives the best possible rating from AM Best (A++) for being financially strong and stable. State Farm gets a good rating (829 out of 1000) in the area of customer satisfaction from J.D. Power. This rating was founded on multiple glowing reviews left by policyholders online. Its many offices and agents within Oklahoma means that customers get outstanding service.

With its coverage that isn’t usually offered by other insurers, even in its standard home insurance, State Farm has a lot to offer homeowners. You’ll find coverage to protect you from credit card fraud, for instance. Or maybe you’re a member of a very strict HOA with super stringent rules and regulations, and must incur the cost of being in compliance with its ordinances. Perhaps this would necessitate legal representation. In these situations and a lot of others, State Farm has you covered.

Starting the process of purchasing a policy from State Farm is quick and very easy. You can take the first steps online. However, if you decide to purchase a policy from this insurer, you’re required to meet with a State Farm agent. Once you’re a State Farm policyholder, you are able to access your account online, either through the app or website. There are online tools to make quick work of tasks like arranging paperless billing, enrolling in auto-pay, paying your premiums, or filing a claim. In addition, if you want more knowledge about your insurance, there’s a resource library on the website that is loaded with information.

Benefits & Drawbacks

Benefits
  • Top rating from AM Best for financial strength and stability
  • Numerous local offices and agents
  • Multiple coverage options available
Drawbacks
  • State Farm won't let you purchase a policy through an independent agent

Best for Discounts

Overall Rating
4.7

Key Statistics

8/10 Affordability
8/10 Coverage Level
8/10 Claims
7/10 Customer Reviews

Why We Like Them

The national homeowners insurance industry has an average of 7 discounts. Allstate home insurance has 11 discounts. This is a big deal because discounts can mean substantial savings on your premium. I believe that Allstate’s discounts have a lot to offer if you’re in the market for adequate coverage at a low price. A lot of home insurance analysts believe the same as I do.

Allstate’s discounts include:

  • Claims Free: Not filing a claim within 12 months may mean a 5% discount when you renew your policy
  • New Home Buyer: Recent home buyers may get a discount
  • Automatic Payment: A 5% discount for enrolling in auto-pay and having your premium automatically deducted from your bank account
  • Responsible Payment: A good payment record can net you a discount
  • Early Payment: Purchase a new policy within 7 days of renewing your old policy and you might receive a discount of 10%
  • Protective Device: You might get a discount if you install theft and fire protective devices
  • Deductible Reward: Your deductible has $100 knocked off when you purchase a policy
  • Claims Forgiveness: Additional coverage to keep your rates from increasing after you file a claim
  • Bundle: Up to twenty-five percent might come off your deductible if you have different types of insurance with Allstate, homeowners and auto, for example
  • New Home: A newly constructed home might make you eligible for a discount
  • Loyalty: Renewal of your policy might entitle you to a ten percent discount

The United States insurance industry has on average seven options in discounts provided by various home insurance companies. Allstate has close to double that number of discounts with eleven available. Besides the usual options like Identity Theft and scheduled coverage, it also protects you from loss if you must repair or replace things like landscaping or riding lawn mowers.

Benefits & Drawbacks

Benefits
  • Numerous offices and agents in Oklahoma
  • Nine discounts available compared to the national industry average of five
  • Financial strength and stability
Drawbacks
  • More than the industry average number of complaints from customers

Best Coverage Options

Overall Rating
4.6

Key Statistics

8/10 Affordability
9/10 Coverage Level
9/10 Claims
6/10 Customer Reviews

Why We Like Them

Nationwide gets a superior rating of A+ from AM Best due to the company’s strong and stable financial standing. Policyholder satisfaction ratings are not as high as one might wish, but still respectable. The bottom line is that Nationwide has a high overall rating. Numerous local  offices and agents make for great service and convenience for its policyholders.

Nationwide offers a lot of options not commonly provided by similar carriers. For instance, you might be reimbursed for things such as credit card fraud and identity theft. You could also get legal coverage or the costs of being in compliance with newer, more stringent HOA codes if you must rebuild your home due to a covered loss.

Better Roof Replacement with Nationwide means that if you have to replace or repair your roof after a covered event, you receive additional coverage when needed to buy new materials.

Nationwide’s Brand New Belongings option provides you with reimbursement based on the depreciated value of  personal belongings and valuables if they’re damaged or destroyed. Just purchase replacements, send your receipts to Nationwide,  and you’ll receive reimbursement for the difference.

Benefits & Drawbacks

Benefits
  • Top AM Best rating for strong financial status
  • Numerous offices and agents for service as well as sales
  • Lots of high-quality coverage options
  • High AM Best rating in financial strength
Drawbacks
  • Many online negative reviews from policyholders
  • Short-term rentals such as Airbnb are not covered

Best Coverage Options

Overall Rating
4.4

Key Statistics

9/10 Affordability
9/10 Coverage Level
7/10 Claims
6/10 Customer Reviews

Why We Like Them

Farmers wins a high rating from customers for its many policy perks, as well as high ratings in the area of online experience. This may be attributed to the good explanations of those policy perks, and how they can benefit you by saving money and getting outstanding coverage. This information is important for several reasons. If you’re searching for homeowners insurance that will suit your needs, the policy perks offered by an insurer can be a game changer. Here  are a few of the policy perks provided by Farmers:

  • Deductible Declines: Get $50 off your deductible for each year that your Farmers policy is current
  • Discount if Claim Free: Get a discount if you don’t file a claim for three years
  • Multi Line Policies: Purchase multiple types of coverage with Farmers and save up to about 34% off your yearly premium
  • Replacement Cost Guaranteed: Farmers will pay the entire cost to rebuild your home if necessary, no matter the price
  • Claim Forgiveness: Go five years without a claim and your rates won’t be raised if you do file a claim

Farmers gets a top notch rating of 9.3/10 from J.D. Power, which factors in its  lower than average customer satisfaction ratings.

Benefits & Drawbacks

Benefits
  • Numerous local sales and service agents along with offices
  • Farmers offers more than twelve discounts
  • All homeowners policies have guaranteed replacement cost
Drawbacks
  • Customer satisfaction ratings are lower than national average

Best For Cheapest Coverage

Overall Rating
4.8

Key Statistics

10/10 Affordability
8/10 Coverage Level
9/10 Claims
9/10 Customer Reviews

Why We Like Them

Chubb offers some of the cheapest home insurance in Oklahoma with an average insurance policy price of $5,566 annually. This is lower than the average state premium of $5839.00 per year, and a lot higher than the national average of $1,428.00 per year.

The thing is that Oklahoma’s home insurance premiums are among the highest in the nation, for various reasons. But Chubb provides some of the lowest cost coverage in the state, along with coverage of high end homes at reasonable prices, and outstanding customer service. Policyholders receive coverage that gives them extended replacement cost of replacing or repairing home and property, even if it’s no longer of the same value as when originally purchased.

Benefits & Drawbacks

Benefits
  • Wide range of options that let you get the coverage that fits your needs
  • Rates are amongst the cheapest in Oklahoma
  • Specialized packages of policy options for high-end homes
Drawbacks
  • You can't get a quote online
  • No scheduled personal property

How to find the best home insurance company for you

Researching to find the right home insurance in Oklahoma, and then determining which carrier has coverage to best meet your coverage needs, can be more than a little difficult. To  make an educated choice, you’ll need to put in a little time and some effort. Still, this is time and effort well spent because in all probability, your home is your most valuable possession. This means that you need to protect your assets with the best home insurance that provides adequate protection from loss. This is vital for the financial security of your family’s financial security.

Below are five easy steps to help you decide which homeowners insurance is best for your needs:

  1. Research home insurance carriers in Oklahoma. You can do most of this research on the internet. When you’ve discarded all but a few insurers, narrow the choices down even farther to 3 insurers that seem as though they might fill your coverage needs
  2. Decide how much coverage you actually need. You may find the assistance of an insurance agent to be helpful in this
  3. Next, obtain quotes from these 3 insurers
  4. Take into consideration factors such as rates, financial strength, coverage and online reviews from policyholders to determine your final choice
  5. Now that you’ve decided on which company you want, apply for coverage

In the usual way of things, you’ll be able to get quotes and complete your application to the company of your choice online. But there are a few insurance companies that require you to meet with an agent.

Average cost of home insurance in Oklahoma

 Cheapest home insurance in Oklahoma

Insurer Annual Rate
State Farm $4,250
Oklahoma Farm Bureau $3,852
Nationwide $1,864
Allstate $3,509
Farmers $3,396
Chubb $3,843
Travelers $3,415
USAA $4,169
Kin $3,324

Cheapest cities for homeowners insurance in Oklahoma

City Annual Rate
Afton $1,976
Antlers $1,975
Boynton $2,034
Comanche $2,402
Lawton $2,244

Most expensive cities for homeowners insurance in Oklahoma

City Highest Rate
Oklahoma City $24,745
Norman $2,431
Tulsa $2,737
Broken Arrow $2,845

Home insurance premiums by deductible in Oklahoma

Deductible Average Annual Rate
$500 $5,478
$1,000 $4,141
$1,500 $3,877
$2,000 $3,547
$5,000 $2,795

Home insurance prices by coverage level in Oklahoma

Coverage Level Average Annual Rate
$100,000 Dwelling $1,920
$200,000 Dwelling $3,031
$250,000 Dwelling $4,165
$400,000 Dwelling $5,340

How to get an online home insurance quote in Oklahoma

If you have researched homeowners insurance in Oklahoma you may have found that it’s easy getting the information you need online. Narrow your choices down to three companies that seem like a good fit for your coverage needs. Next, choose the company you like best, and then obtain a quote. Here are 3 steps to complete this task:

  1. Answer every question on the quote form. These queries will be about your dwelling and its value, its contents and their value, number of square feet, the age of the home, its exterior composition, its location (zip code) and any other information you’re asked to provide
  2. Make sure you’ve responded to all the questions on the form, then submit the form to get your coverage quotes
  3. When you decide on the top insurer that seems best for you, complete an application to that company for home insurance

You will need to meet with an agent if you want to purchase a policy from an insurer that won’t provide quotes online.

Factors that impact cost of your home insurance policy in Oklahoma

Many factors go into determining the price of homeowners insurance in Oklahoma, such as:

  • Your claim history – Anyone who has filed home insurance claims before will undoubtedly be required to pay higher premiums than someone who hasn’t
  • The zip code of your home – Living in a zip code that is prone to extreme weather events like floods, storms, hurricanes, earthquakes, hail, ice and snow, or wildfires means that your rates will be higher than average
  • Close to flood zones – Being close to the Atlantic coast, a river or a lake raises the probability of your chances of filing a claim for flooding, so your coverage will be increased
  • The age of the home – Recently built homes are subject to more exacting building codes, which means it’s more expensive to rebuild. Homes that are thirty years old or older might incur as much as 75% higher premiums than newer homes
  • Deductibles and amount of coverage– The lower your deductible, the higher your premium. You can save yourself quite a lot of money by choosing a higher deductible. Another thing to bear in mind is that the more costly your home, the more costly it would be to rebuild it. This means that your insurance company will impose higher rates due to the higher coverage

The most affordable areas for homeowners insurance in Oklahoma

Homeowners insurance in Oklahoma varies by ZIP code. It may range from a low of $1,967.00 in Afton, zip code 74331, to as much as $4745.00 in Oklahoma City, zip code 73008. The lowest rates according to zip codes are:

ZIP Code City Lowest Rate
74331 Afton $1,976
74447 Boynton $2,034
73529 Comanche $2,402
73507 Lawton $2,244

Home insurance discounts in Oklahoma

Always ask an agent about discounts their company offers. Discounts can be great money savers by lowering your deductible, your premium, or both. You might receive multiple discounts, including:

  • Bundle: Having more than one type of insurance with a company—such as your auto and home insurance—might mean a substantial discount of up to 25%
  • New Home: A newly built home can get you a discount on your premium
  • Early Payment: Purchase a new policy within at least a week before expiration of your old policy, and you might be eligible for a discount
  • Claims Free: If a year has elapsed since you filed an insurance claim, you might get a 25% discount
  • Automatic Payment: Enroll in auto pay, which means that your insurance premiums are debited automatically from your checking account, and you might get a discount
  • Responsible Payment: Your good payment record might entitle you to a discount

Oklahoma home insurance laws to know

Oklahoma law doesn’t say that you must have homeowners insurance. However, if you have a mortgage on your home, your lender will require that the property is insured.

FAQs

Is home insurance more expensive in Oklahoma?

Yes, it is. As a matter of fact, it’s the highest in the entire country. This is due at least in part to the weather that can cause huge losses for insurers.

How much per month is a million-dollar home insurance policy in Oklahoma?

Rates vary depending on multiple factors like the value of your home, your deductible, where you live, the insurer and other factors. The company with the lowest homeowners insurance rates in Oklahoma is Nationwide at $1,864 annually.

What is the average monthly cost of home insurance in Oklahoma?

Homeowners insurance premiums are based on things such as the value of your home and your personal belongings, where your home is located, the amount of your deductible, and  your home’s age, among other things. The average Oklahoma home with a value of about $250,000 normally costs about $3,430 per year.

Go back to top