American Farmers & Ranchers and Oklahoma Farm Bureau have the cheapest homeowners insurance rates in Oklahoma, according to our study of the state's providers.
Due to factors such as frequent tornadoes and high crime rates, Oklahoma has the third-highest home insurance rates in the country, at an average $311 a month.
We analyzed thousands of home insurance quotes in Oklahoma, looked at the factors that influence them and compared home insurance companies operating in the state to help make your search for the best, cheapest quote easier.
In this article
Cheapest homeowners insurance rates in Oklahoma
American Farmers & Ranchers has the lowest average home insurance rate in Oklahoma, at $3,021 a year, while State Farm has the highest, $4,677. The table below shows the cheapest home insurance companies in Oklahoma.
| Company | Average annual premium |
|---|---|
|
Allstate |
$3,419 |
|
American Farmers & Ranchers |
$3,021 |
|
Farmers |
$4,608 |
|
Oklahoma Farm Bureau |
$3,077 |
|
Shelter |
$3,128 |
|
State Farm |
$4,677 |
|
Travelers |
$4,251 |
|
USAA |
$3,701 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much does homeowners insurance cost in Oklahoma?
Homeowners in Oklahoma pay an average $3,735 a year for home insurance, or $311 a month. You can lower your premium by choosing a higher deductible.
| Deductible | Average annual premium |
|---|---|
|
$500 |
$4,069 |
|
$1,000 |
$3,735 |
|
$1,500 |
$3,213 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest homeowners insurance rates in Oklahoma by city
The table below shows the average cost of home insurance in Oklahoma's biggest cities. Tulsa has the cheapest average home insurance rate, at $3,334 a year, while Midwest City has the highest, $4,723.
| City | Average annual premium |
|---|---|
|
Oklahoma City |
$4,614 |
|
Tulsa |
$3,334 |
|
Norman |
$4,257 |
|
Broken Arrow |
$3,338 |
|
Lawton |
$3,933 |
|
Edmond |
$4,404 |
|
Moore |
$4,583 |
|
Midwest City |
$4,723 |
|
Stillwater |
$3,592 |
|
Enid |
$3,802 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Compare Home Insurance Quotes in Oklahoma
Best homeowners insurance companies in Oklahoma
We analyzed various characteristics of home insurance companies in Oklahoma, such as price, market share and customer satisfaction. The following insurers are at the top of our list:
- Best overall: Allstate
- Best rates: American Farmers & Ranchers
- Best for military: USAA
Allstate: best overall
Allstate stands out as the best home insurance company in Oklahoma. Compared to its competitors, Allstate has affordable rates, with an average annual premium of $3,419, or $285 a month. That's well below the state average of $3,735 a year.
In addition to affordable rates, you can save up to 25% if you take advantage of Allstate's bundling discount.
Allstate also has a good customer service track record. The National Association of Insurance Commissioners (NAIC) Complaint Index ranks Allstate at 1.12, which is slightly higher than the National Complaint Index of 1.0. And in J.D. Power's 2021 U.S. Home Insurance Study, Allstate received a customer satisfaction rating of 829 out of 1,000, higher than the national average of 825.
American Farmers & Ranchers: best rates
Local provider American Farmers & Ranchers has the lowest average home insurance rate in Oklahoma, at $3,021 a year, or $252 a month. That's 19% less than the state average.
American Farmers & Ranchers has strong roots in Oklahoma. It was established in 1905 and serves the state's rural areas and other parts of the state. If cost is a priority and you prefer a local home insurer, American Farmers & Ranchers is our top recommendation.
The table below shows average rates for American Farmers & Ranchers home insurance in the 10 most populous cities in Oklahoma.
| City | Average annual premium |
|---|---|
|
Oklahoma City |
$4,234 |
|
Tulsa |
$2,882 |
|
Norman |
$3,731 |
|
Broken Arrow |
$2,888 |
|
Lawton |
$3,539 |
|
Edmond |
$4,000 |
|
Moore |
$4,849 |
|
Midwest City |
$4,163 |
|
Stillwater |
$3,173 |
|
Enid |
$3,016 |
| Note: Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
USAA: best for active and retired military
If you are either currently serving in the military or a veteran, USAA may be your best choice for home insurance in Oklahoma. The company's average annual premium of $3,701 is just below the state average. Furthermore, USAA's overall customer satisfaction rating in J.D. Power's 2021 U.S. Home Insurance Study is 882 out of 1,000, the highest score.
USAA shines in its specialized home insurance coverage for military members both current and retired. For instance, coverage includes replacement of military uniforms if they are damaged or destroyed. This is significant because war zones are typically excluded from standard homeowners insurance.
Best home insurance providers based on customer service
The Oklahoma home insurance market is dominated by national names, with some regional providers in the mix. The table below shows the most popular home insurers in Oklahoma with their Complaint Index and customer satisfaction ratings, when available.
| Company | NAIC Complaint Index (lower is better) | J.D. Power customer satisfaction rating (higher is better) |
|---|---|---|
|
Allstate |
1.12 |
829 |
|
American Farmers & Ranchers |
- |
- |
|
Farmers |
0.56 |
813 |
|
Oklahoma Farm Bureau |
- |
- |
|
Shelter |
- |
- |
|
State Farm |
1.01 |
835 |
|
Travelers |
0.61 |
800 |
|
USAA |
0.46 |
882 |
| Source: 2021 NAIC Complaint Index, 2021 J.D. Power U.S. Home Insurance Study. | ||
Common homeowners insurance perils in Oklahoma
Home insurance in Oklahoma is more expensive than average in part due to extreme weather events such as tornadoes and hail. Homeowners insurance providers in Oklahoma take these factors and more into account when calculating your quote.
Tornadoes
Oklahoma experienced 63 tornadoes in 2021, according to the National Weather Service. The state is part of Tornado Alley, an area in the central U.S. that sees frequent tornadoes. Tornadoes can severely damage or destroy homes, and insurance companies raise their rates to compensate for this risk.
Depending on where you live in Oklahoma, you may have to get a separate deductible specifically for wind or hail damage. Check with your home insurance provider to see how your policy covers wind damage.
Hail
Oklahoma experiences frequent hailstorms, which can cause serious damage. As a result, home insurance providers tend to charge higher rates to offset their costs. Furthermore, many providers also charge a hail deductible if you file a claim for hail damage. A hail deductible is based on the dwelling coverage limit of your home insurance policy.
Methodology
We obtained quotes for a standard HO-3 homeowners insurance policy on a typical home in every ZIP code in Oklahoma. Unless otherwise noted, standard policies included the following limits and deductibles.
- Dwelling coverage: $275,000
- Other structures: $27,500
- Personal property: $137,500
- Loss of use: $55,000
- Liability: $100,000
- Medical payments: $5,000
- Deductible: $1,000
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