Homeowners in Oklahoma can find their cheapest home insurance rates from Oklahoma Farm Bureau, followed by AFR and Shelter. If you own a home in Oklahoma, you'll generally see higher rates for a home insurance policy than in other states. To get the best combo of cost and coverage, you'll need to compare quotes from several companies. We put this guide together to help you make the best decision for your budget.
In this article
What are Oklahoma's cheapest home insurance companies?
Farm Bureau has the cheapest average rate for home insurance in Oklahoma, at $288 a month. AFR is next at $301, then Shelter at $318.
| Company | Monthly rate |
|---|---|
| Oklahoma Farm Bureau | $288 |
| AFR | $301 |
| Shelter | $318 |
| Allstate | $348 |
| USAA | $359 |
| Travelers | $392 |
| State Farm | $415 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
How much does home insurance cost in Oklahoma?
Oklahoma homeowners insurance costs an average $346 a month. That's 117% more than the national average home insurance rate of $159 a month.
When calculating your home insurance quote, insurers look at various factors, including:
- Your ZIP code
- The age of your home
- Construction materials used
- Your insurance claim history
A standard home insurance policy does not differ much from insurer to insurer. Why the difference in policy prices? Home insurance companies place different risk weights on each factor. For example, one provider may consider your neighborhood a higher risk than another provider. To get the best coverage at your best price, compare home insurance quotes from multiple providers.
The policy deductible you choose also affects your final rate. The higher your deductible, the lower your premium. The table below shows the average rates provided by the top homeowners insurance companies in Oklahoma based on different deductible amounts.
| Deductible | Average annual premium |
|---|---|
| $500 | $4,139 |
| $1,000 | $3,748 |
| $1,500 | $3,141 |
| $2,000 | $3,253 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
The amount of dwelling coverage you choose for your home insurance policy also affects your quote. You'll want enough dwelling coverage to rebuild your home after a total loss. The table below shows the average home insurance rates in Oklahoma based on different dwelling coverage amounts.
| Coverage amount | Annual rate | Monthly rate |
|---|---|---|
| $200,000 | $3,015 | $251 |
| $350,000 | $4,509 | $376 |
| $425,000 | $5,287 | $441 |
| $500,000 | $6,112 | $509 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | ||
See how much you could save on home insurance
Best homeowners insurance companies in Oklahoma
Oklahoma Farm Bureau has the best prices of the home insurance companies operating in Oklahoma, and AFR is the best local provider in the state.
Oklahoma Farm Bureau: Best rates
$3,454 a year
8% lower than state average
$3,748 a year
Cheapest average home insurance rates in the state.
Strong community ties in rural Oklahoma.
Very low NAIC complaint index of .003. National average index is 1.0.
Relatively low A.M Best credit rating. A B++ rating is good, but low in comparison to other insurance providers in Oklahoma.
AFR: Best local provider
Best choice for Oklahoma homeowners in both urban and rural areas.
Cheap rates compared to the state average.
A-Prime financial stability, according to A.M. Best.
Claims can be made only through phone or website. No smartphone app available at this time.
Cheapest home insurance in Oklahoma by city
Of the 10 biggest cities in Oklahoma, Broken Arrow has the cheapest average homeowners insurance rates, at $3,689 a year. Moore has the highest average rate of $4,666 a year.
| City | Average |
|---|---|
| Broken Arrow | $3,689 |
| Tulsa | $3,696 |
| Stillwater | $3,970 |
| Enid | $4,116 |
| Lawton | $4,207 |
| Norman | $4,423 |
| Edmond | $4,611 |
| Midwest City | $4,619 |
| Oklahoma City | $4,635 |
| Moore | $4,666 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Broken Arrow
Oklahoma Farm Bureau is the cheapest home insurance company in Broken Arrow, at $3,362 a year, followed by Allstate, at $3,376 a year. The average annual rate for home insurance in Broken Arrow is $3,689.
| Company | Annual rate |
|---|---|
| Oklahoma Farm Bureau | $3,362 |
| Allstate | $3,376 |
| AFR | $3,455 |
| Shelter | $3,561 |
| State Farm | $3,718 |
| USAA | $3,883 |
| Travelers | $4,465 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Tulsa
Oklahoma Farm Bureau has the cheapest home insurance rate in Tulsa of $3,373 a year, followed by Allstate, $3,385 a year. The average annual rate for home insurance in Tulsa is $3,696.
| Company | Annual rate |
|---|---|
| Oklahoma Farm Bureau | $3,373 |
| Allstate | $3,385 |
| AFR | $3,449 |
| Shelter | $3,510 |
| State Farm | $3,816 |
| USAA | $3,958 |
| Travelers | $4,378 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Cheapest home insurance in Stillwater
Oklahoma Farm Bureau provides the cheapest home insurance rate in Stillwater at $3,384 a year, followed by Shelter at $3,466 a year. The average rate for home insurance in Stillwater is $3,970.
| Company | Annual rate |
|---|---|
| Oklahoma Farm Bureau | $3,384 |
| Shelter | $3,466 |
| AFR | $3,799 |
| Allstate | $3,842 |
| USAA | $3,933 |
| State Farm | $4,682 |
| Travelers | $4,682 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Get affordable home insurance in Oklahoma
Oklahoma's cheapest home insurance by county
Of the ten biggest counties in Oklahoma, Rogers County has the cheapest average home insurance rate of $3,668 a year. Oklahoma County is the most expensive at $4,645 a year.
| County | Annual rate |
|---|---|
| Rogers | $3,668 |
| Tulsa | $3,696 |
| Wagoner | $3,783 |
| Muskogee | $3,890 |
| Payne | $4,028 |
| Creek | $4,202 |
| Comanche | $4,244 |
| Pottawatomie | $4,246 |
| Cleveland | $4,562 |
| Canadian | $4,644 |
| Oklahoma | $4,645 |
| Average rates are based on non-binding estimates provided by Quadrant Information Services. Your rates may vary. | |
Frequently asked questions
Oklahoma homeowners insurance costs an average $346 a month, 117% more than the national average.
Oklahoma Farm Bureau has the cheapest rate for home insurance at $288 a month. This is 18% cheaper than the Oklahoma average rate.
Oklahoma home insurance rates are high due in large part to it being located in the so-called Tornado Alley part of the Midwest. Given the extreme amount of damage a tornado can do to a home and the frequency of them in Oklahoma, home insurers charge higher rates to offset the chances of paying out on a claim.
Methodology
We collected quotes from every ZIP code in Oklahoma for a standard HO-3 homeowners insurance policy using the following coverages:
- $275,000 dwelling coverage (unless otherwise noted)
- $27,500 other structures
- $137,500 personal property
- $55,000 loss of use coverage
- $100,000 liability
- $5,000 medical payments
- $1,000 deductible (unless otherwise noted)
Sources:
Home insurance by city
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