Cheapest Homeowners Insurance In Oklahoma 2026

Oklahoma homeowners pay higher-than-average insurance costs, largely due to tornadoes and severe storms. After reviewing thousands of Oklahoma home insurance quotes, I’ve seen average premiums hover near $3,100 annually statewide.

Finding the cheapest homeowners insurance in Oklahoma means balancing price with protection in a state where severe weather, especially tornadoes, plays a major role in how insurers set premiums.

Cheapest Homeowners Insurance In Oklahoma

When shopping for full-coverage homeowners insurance in Oklahoma, State Farm often comes in as the provider with the lowest overall rate for typical replacement-cost policies that include strong dwelling and liability protection.

Here are the top 5 cheapest carriers for full homeowners coverage in Oklahoma based on recent average premium data:

Cheapest Homeowners Insurance In Oklahoma For New Homes

When you’re looking at full-coverage homeowners insurance for a new construction home in Oklahoma, State Farm typically comes out with the lowest premiums on average, especially when you pair updated construction materials and modern safety features with strong liability and dwelling protection.

New construction homes in Oklahoma usually cost 20–30% less to insure than older homes because newer roofs, electrical, plumbing, and HVAC systems reduce risk for insurers, and many companies offer discounts for those updated features.

Here’s a look at the top 5 cheapest carriers for full homeowners insurance on new homes in Oklahoma:

Cheapest Homeowners Insurance In Oklahoma For Low Credit Scores

When Oklahoma homeowners with lower credit histories shop for full-coverage policies, Oklahoma Farm Bureau generally offers the most affordable rate on average for those struggling with credit, making it a go-to option for many in that category.

Homeowners with poor credit in Oklahoma often pay significantly more than those with good credit—on average 60–70% more per year because insurers use credit-based insurance scores to gauge risk and set premiums.

Cheapest Homeowners Insurance In Oklahoma For High-Value Homes

For owners of high-value homes in Oklahoma, Chubb often emerges with the most competitive full-coverage rate among carriers that specialize in high dwelling limits and expansive liability protection, balancing luxury property needs with broad endorsements.

With construction costs rising across the state due to ongoing inflation in materials and labor, rebuild cost trends are pushing replacement values higher, meaning insurers that understand high-end construction and accurate valuation models tend to offer better pricing for expensive homes.

Here’s a look at the top 5 cheapest carriers for high-value homeowners insurance in Oklahoma:

Cheapest Home And Auto Insurance Bundle In Oklahoma

When you want to bundle home and auto insurance in Oklahoma and keep costs down, State Farm often offers the lowest combined rate for full coverage on both policies, thanks to strong multi-policy discounts and broad local agent networks. Bundling matters more in a high-risk state like Oklahoma because severe weather (tornadoes, hail, wind) drives up individual premiums, so stacking discounts on both home and auto can significantly shrink your total annual cost.

Here’s a snapshot of the top 5 cheapest home and auto insurance bundles in Oklahoma:

Cheapest Homeowners Insurance In Oklahoma By Deductible

When you compare full-coverage homeowners insurance in Oklahoma by deductible level, State Farm tends to offer the lowest rate across common deductible options, and raising your deductible from $1,000 to $2,500 can often trim your premium by roughly 15–25% because you’re agreeing to shoulder more of the upfront cost if you file a claim.

Here’s a look at typical annual premiums in Oklahoma by deductible for a standard full-coverage policy with carriers known for lower rates:

Cheapest Homeowners Insurance In Oklahoma By City

If you look at homeowners insurance across Oklahoma’s major cities, Allstate often shows up as one of the cheapest carriers in many local markets, offering some of the lowest average premiums for full-coverage policies compared with other big insurers in the state.

Here’s a snapshot of top carriers with the lowest typical homeowners premiums in the 10 largest Oklahoma cities:

Why Oklahoma Home Insurance Is So Expensive

Oklahoma sits in the bullseye for severe convective storms – tornadoes, straight-line wind, and hail – and that frequency alone keeps insurers’ expected losses high. NOAA’s billion-dollar disaster tracking shows Oklahoma has been impacted by 115 $1Billion+ weather/climate events since 1980, with an average of 6.0 events per year in 2020–2024, and most of those are classified as severe storms rather than hurricanes or wildfires.

It’s not just how often storms happen, it’s how expensive each claim has become. Oklahoma regulators have pointed out that, in 2023, the state’s top homeowners insurers paid about $129 in claims for every $100 collected in premium (and while 2024 improved, payouts were still roughly $97 per $100), which is a brutal math problem that pressures rates upward.

Aging housing stock makes the storm problem worse. Older roofs, older electrical, and older plumbing are more likely to fail, and older homes are more likely to suffer secondary damage (water intrusion after wind/hail, code-upgrade issues, etc.), which pushes claim severity higher even when the storm itself isn’t catastrophic.

Rebuild costs are another major driver. Oklahoma has faced the same construction inflation most states have—labor, materials, and supply-chain volatility—and that raises replacement cost estimates, which increases the dwelling limit insurers must price for. When rebuild estimates climb, premiums usually follow because the insurer’s “worst-case check” gets bigger.

Then there’s the market-structure issue: as storm losses stack up, insurers tighten underwriting or reduce exposure in high-risk ZIP codes through nonrenewals, stricter roof age rules, higher wind/hail deductibles, or simply writing fewer new policies. State officials have also pushed for more market transparency around nonrenewals and withdrawals, which tells you the availability problem isn’t hypothetical; it’s active enough to require monitoring.

Finally, NAIC data and industry analysis have been consistent on the big picture: homeowners insurance has been pressured nationally by catastrophe losses, and premium increases have been a direct response to that rising loss environment. In a state like Oklahoma, where convective-storm losses are a recurring feature, those national pressures show up faster and harder at the household level.

How To Get Cheaper Home Insurance In Oklahoma

Living in a high-risk weather state like Oklahoma doesn’t mean you have to resign yourself to sky-high home insurance premiums. With the right approach, you can meaningfully lower your cost while still protecting your home. Here are practical, expert-tested ways to save:

Upgrade To Wind And Hail-Resistant Roofing

One of the biggest drivers of premium reductions in Oklahoma is improving your home’s ability to withstand severe weather. Insurers tend to reward homes with Class 4 impact-resistant shingles or other wind/hail-rated roofing materials with lower rates because they significantly reduce the likelihood of large roof claims. If your roof is older or not rated for high wind, replacing it with a stronger system can pay dividends at renewal time.

Install Discount-Triggering Features

Many insurers offer credits for investments that reduce risk. Common examples include:

• Impact-resistant windows and doors — These cut down flying debris damage in storms.
• Smart home devices — Smoke/CO detectors, leak sensors, and monitored alarm systems can earn you credits.
• Fire mitigation features — Class A fire-rated roofing, fire-resistant siding, and defensible space in wildfire-prone areas can help.

Shop And Compare Every 6–12 Months

Insurance companies change how they price risk and the discounts they offer constantly. Even if you think you’re with the cheapest carrier today, another insurer may be offering a better deal six months from now, especially after rate filings change in response to weather losses. Make a habit of getting fresh quotes at least once a year at renewal time.

Raise Your Deductible (With Caution)

Increasing your wind/hail or all-peril deductible from something like $1,000 to $2,500 or higher will lower your premium because you’re agreeing to take more of the upfront cost on yourself. Just be sure you have the cash set aside to pay that higher deductible if the worst happens. Being underinsured in a severe storm can be worse than paying a slightly higher premium.

Bundle Home And Auto Insurance

Multi-policy discounts are one of the simplest savings levers available. If you insure both your home and your vehicles with the same company, most carriers will credit you on both policies. In a state with frequent weather claims, stacking discounts like this can shave hundreds off your total annual bill.

Improve Property Maintenance And Documentation

Keeping up with routine maintenance (like trimming trees near structures, repairing siding and gutter issues, and addressing electrical or plumbing red flags) not only reduces risk, it makes underwriters more comfortable pricing aggressively. Document upgrades and mitigation efforts so every discount you qualify for is applied.

Explore Non-Traditionally Rated Options

In markets where severe weather drives up traditional carrier pricing, sometimes regional or mutual insurers, or even specialty carriers, can offer better pricing for similar coverage. While you want financial strength and claims service, don’t overlook carriers that focus on storm-prone regions; they often have more refined actuarial models for your risk.