As Insurify’s home and pet insurance editor, Danny also specializes in auto insurance. His goal is to help consumers navigate the complex world of insurance buying.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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The average cost of home insurance in Oklahoma is $4,372 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows. Oklahoma is located in Tornado Alley and leads the nation in severe storms, making home insurance all the more important.
USAA, American National, Armed Forces Insurance Exchange, and Allstate are the cheapest home insurance companies in the Sooner State.
Home insurance in Oklahoma costs significantly more than the national annual average of $2,529 for a policy with a $1,000 deductible and $300,000 in dwelling coverage.
Basic home insurance in Oklahoma covers tornado damage but excludes coverage for flood damage and some other perils.
Best home insurance companies in Oklahoma
As a homeowner, you have many excellent options for quality home insurance in Oklahoma. Ultimately, the best coverage for you will be from an insurer that combines affordability with the right coverage — it won’t always be the cheapest. Keep this in mind when comparing home insurance quotes — you want the best homeowners insurance protecting your property.
Below are some of the top homeowners insurance companies in Oklahoma for different types of homeowners.
Insurance Company
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
Average Annual Premium
Best For
American National
N/A
$2,395
Cheapest rates
Armed Forces Insurance Exchange
N/A
$2,843
Veterans and their families
Allstate
8.2
$3,035
Overall
State Farm
8.2
$4,243
Customer service
Our editorial team spent more than 350 hours developing the Insurify Quality (IQ) Score and scoring insurance companies. The IQ Score objectively analyzes and calculates a score for insurers using more than 15 crucial criteria. The team weighted criteria by importance to the consumer — factors such as customer reviews and affordability influence the score more than availability and third-party ratings.
We rate each company on a 1 to 10 scale based on five categories: financial ratings, customer satisfaction, affordability, customer support and transparency, and availability. Insurify updates ratings once a year or as more recent information becomes available.
Third-party financial ratings: Insurify uses data from AM Best, S&P, Moody’s, and more to compare insurance companies’ credit and ability to pay out future claims.
Customer satisfaction: To calculate this score, Insurify analyzed more than 55,000 customer reviews across 155 car insurance companies. We also consider third-party ratings from J.D. Power, the National Association of Insurance Commissioners, and Trustpilot.
Affordability: Our data scientists analyzed more than 90 million real-time auto insurance rates from our partners across the U.S., as well as available discounts, to calculate an affordability score.
Customer support and transparency: This measures coverage options, ease of claims filing, and the insurer's transparency surrounding discounts, coverages, and claims process.
Availability and reach: Insurify scores availability and reach by identifying the number of states in which insurers offer coverage and company size by market share.
Cheapest rates: American National
cheapest ratesAmerican National
Compare personalized, real-time quotes
IQ Score
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
NR
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
Not rated
A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
NR
American National offers the cheapest average rates of any home insurance company in Oklahoma. Homeowners looking to save money on a policy should strongly consider American National. The insurer also offers auto and home bundling discounts so you can save even more money.
Pros
Affordability
A (Excellent) financial strength rating from AM Best
Cons
Limited info available about coverage options
Can’t get a quote online
Best insurer for veterans and their families: Armed Forces Insurance Exchange
Armed Forces Insurance Exchange is the best option for Oklahoma veterans and their families, offering exclusive coverage to military members at affordable rates. As recently as 2022, 8% of all adult civilians in Oklahoma were veterans, making this company an excellent option for thousands of people across the state.
Pros
Offers numerous add-on coverages
Affordable rates
Cons
Only available to military members, veterans, and their families
Weak AM Best financial strength rating of B+ (Good)
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
631
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$207/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$237/mo
Allstate is the best home insurance company overall in Oklahoma, combining excellent coverage with affordable rates. It’s the fourth-largest home insurer in the country, allowing it to offer numerous discounts and insurance products, such as other structures coverage and personal belongings coverage. It also has an A+ (Superior) financial strength rating from AM Best, making it a reliable option for homeowners concerned about payouts after a disaster such as a tornado.
The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores.
8.2/10
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
643
$300,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$343/mo
$500,000 Dwelling
A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.
$463/mo
State Farm is the best insurance company for customer service in Oklahoma. It offers reliable coverage as well, though it’s not as affordable as its competitors. It boasts a far-below-average number of complaints on the National Association of Insurance Commissioners (NAIC) complaint index. It’s a great option for Oklahoma homeowners looking for stellar coverage and customer satisfaction after a major weather incident.
Pros
Scored 829 out of 1,000 points in J.D. Power’s 2023 U.S. Home Insurance Study
Has a large network of local agents in cities and towns across Oklahoma
Cons
Not as affordable as other Oklahoma insurers
Offers fewer discounts than other insurers
Cheapest home insurance in Oklahoma
USAA is the cheapest home insurance company in Oklahoma, with an average monthly rate of only $185. Armed Forces Insurance Exchange and Allstate follow closely.
Take a look at other cheap insurance companies in Oklahoma in the table below.
The below rates are estimated rates current as of: Monday, July 28 at 12:00 PM PDT.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
The average cost of homeowners insurance in Oklahoma is $4,372 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage. But your rate depends on the insurer you choose, your location, and how much coverage you go with. The higher your coverage limit, the higher rates you’ll pay.
Some other factors that affect your premiums include the size of your home, its age, local building costs, your deductible, your ZIP code, and even your credit history.[1] This is why it’s so important to compare home insurance quotes from multiple insurance companies before buying a policy.
Cost of homeowners insurance by dwelling coverage amount
The factor that will most significantly affect your home insurance premiums is your dwelling coverage amount. Dwelling coverage protects the physical structure of your home if it’s damaged in a covered event, such as a fire, windstorm, or hail. The higher your dwelling coverage limit, the higher your premium will be.
The table below shows how much premiums can increase in Oklahoma when you select higher amounts of dwelling coverage for your home.
The below rates are estimated rates current as of: Monday, July 28 at 12:00 PM PDT.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
A home insurance deductible is how much you pay out of pocket after an incident before your insurer pays on the claim. Common deductibles for home insurance range from $500 to $2,000. Your deductible amount also has an effect on your home insurance premiums — the lower your deductible, the higher your premiums will be, and vice versa.
In the table below, you can see how the average annual premium increases in Oklahoma with a lower deductible.
Deductible Amount
Average Annual Premium
$500
$4,809
$1,000
$4,372
How to get cheap homeowners insurance in Oklahoma
You can get cheap homeowners insurance in Oklahoma in numerous ways:[2]
Apply for discounts. Discounts are one of the best ways to save money on home insurance. Most insurance companies offer a wide variety of home insurance discounts to customers — just ask what’s available. Consider bundling your auto insurance with your home insurance — this is a common discount that could save you hundreds.
Raise your deductible. Increasing your deductible will automatically lower your premiums. But you’ll need to fork over more money out of pocket in the event of an incident. Make sure you can afford to pay that higher deductible before increasing it.
Improve your credit. This is much easier said than done, but improving your credit will likely reduce your home insurance premiums. Insurance companies consider your credit history when determining premiums. A higher credit score indicates a lower likelihood of filing a claim, so you’ll pay cheaper premiums than homeowners with poor credit.
Compare home insurance quotes. This is arguably the best way to save money on home insurance. Comparing quotes from multiple insurers lets you see what’s available in your area. Often, insurers offer different prices for the same coverage level since they weigh various factors differently. Make sure to compare prices from at least three different home insurance companies to find the best coverage for your specific situation.
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How much homeowners insurance do you need in Oklahoma?
Technically, you don’t need to have homeowners insurance under Oklahoma law. But it wouldn’t be a good idea to forgo it, especially in a state prone to natural disasters. In addition, if you take out a mortgage on your home, your mortgage company will require you to carry home insurance to protect the asset it’s lent money to you for.
The general rule of thumb with home insurance is 80/20, meaning you should carry dwelling coverage equal to or greater than 80% of your home’s total replacement cost. Regardless of how much dwelling coverage you have, you should know exactly what your homeowners insurance policy covers.
Homeowners in Oklahoma should consider carrying additional coverages to protect against damages from severe weather. While a standard home insurance policy includes tornado coverage, it doesn’t protect against flood damage. You can buy separate flood insurance from some private insurers or through the National Flood Insurance Program (NFIP).
What are some of the biggest risks when owning a home in Oklahoma?
Owning a home in Oklahoma comes with numerous risks, though a few stand out:
Tornadoes
Oklahoma is no stranger to tornadoes — it’s in Tornado Alley. Just in 2022, the state experienced 28 tornadoes.[3] If you own a home in Oklahoma, you should be aware of the potential property damage tornadoes can cause. Thankfully, tornado damage is a covered peril in a standard home insurance policy.
Floods
Despite being landlocked, Oklahoma isn’t immune to flooding, so homeowners should factor in flooding as a risk. Furthermore, standard home insurance policies don’t cover flood damage. Homeowners will need to purchase additional flood insurance coverage either through a private insurer or the NFIP.
Wind and hail
Oklahoma experiences thunderstorms roughly 55 days out of the year in the eastern part of the state, bringing with them severe weather, including wind and hail.[4] A typical homeowners policy will cover both hail and wind damage, though some policies have exclusions. Check with your insurer or prospective insurer about whether it covers wind and hail damage before buying a policy.
Oklahoma homeowners insurance FAQs
If you’re shopping for a home insurance policy in the Sooner State, this additional information may help as you research your coverage options.
How much is home insurance in Oklahoma?
Home insurance in Oklahoma costs an average of $4,372 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, according to Insurify data. How much you pay for a policy will depend on many factors, including your ZIP code, the age of your home, the square footage of your home, and the coverage levels you choose.
Which company has the cheapest homeowners insurance in Oklahoma?
USAA has the cheapest homeowners insurance in Oklahoma, with policies averaging $185 per month.
Does Oklahoma require homeowners insurance?
No. Oklahoma doesn’t require homeowners insurance, but your mortgage company will require it to protect its asset. It’s vital to carry home insurance even if you’ve paid off your mortgage. It protects you financially if something damages or destroys your home and you have to rebuild it or make extensive repairs.
Why is home insurance in Oklahoma so expensive?
Oklahoma is located in Tornado Alley and is also prone to other natural disasters, such as severe storms, wind, and hail. Homeowners in an area at a higher risk for damaging storms pay higher home insurance rates since there’s an increased likelihood they’ll have to file a claim with their insurer.
Methodology
Insurify data scientists analyzed rates from more than 180 home insurance companies sourced directly from Insurify’s partner companies and Quadrant Information Services. Rates span all 50 states and Washington, D.C., and quote averages represent the mean price for a given coverage level and geographic area. To ensure data reliability, only insurers meeting minimum quote thresholds were included in the analysis.
Unless otherwise specified, quoted rates reflect the average cost for homeowners with no prior claims and good credit with a home construction year of 1980. The default coverage assumptions include:
Default Coverage Assumptions
Dwelling coverage: $300,000
Deductible: $1,000
Personal property limit: $25,000
Liability limit: $300,000
Additional data points beyond these default values are sourced from Insurify’s proprietary database. Rates are updated monthly.
Danny is a Brooklyn-based writer with a producer’s license for property and casualty insurance. A former editor at Insurify, he specializes in auto, home, and pet insurance. He works to translate his insurance expertise into digestible, easy-to-understand content for drivers, homeowners, and pet owners alike.
Danny has been a contributor at Insurify since March 2022.
5+ years in insurance and personal finance content
Ashley is a seasoned personal finance editor who’s produced a variety of digital content, including insurance, credit cards, mortgages, and consumer lending products.
University of Chicago graduate with statistics degree
Chase spearheads analytics for Insurify’s data insights team. With his deep expertise in insurance data, Chase is often interviewed on industry trends.
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