The Best Homeowners Insurance in Oklahoma for 2024
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The average cost of homeowners insurance in Oklahoma is $5,495 per year. That’s compared to the national average of $1,915.
NerdWallet analyzed data from numerous insurance companies to help you find the best home insurance in Oklahoma in the following categories:
Best for affordability: State Farm.
Best for coverage: Openly.
Best for consumer experience: Amica and Country Financial.
The rates in our analysis are estimates based on many factors, so your rate may differ.
Note: Some insurance companies included in this article may have made changes in their underwriting practices and no longer issue new policies in your state.
Best affordable homeowners insurance in Oklahoma: State Farm
Coverage options
Discounts
NAIC complaints
State Farm
Coverage options
Discounts
NAIC complaints
In Oklahoma, the average annual premium for State Farm is $5,290, which is less than the state average of $5,495.
State Farm is a great choice for homeowners who like to work directly with a representative, as the company sells policies through a wide network of agents. And its attention to customer service has paid off; the company has fewer customer complaints to state regulators than expected for a company of its size.
Learn more with our State Farm homeowners insurance review.
Note: USAA has a lower average annual rate than State Farm. However, only members of the military, veterans and their families are eligible for USAA. Read more in our USAA home insurance review.
Best homeowners insurance in Oklahoma for coverage: Openly
Coverage options
Discounts
NAIC complaints
Openly
Coverage options
Discounts
NAIC complaints
Boston-based Openly offers homeowners insurance with generous coverage. Its policies include guaranteed replacement cost coverage for the structure of your home, which means the company will pay whatever it takes to rebuild your home if it’s destroyed.
Unlike many other insurers, Openly doesn’t have dog breed restrictions that could affect your ability to get liability coverage. It may also be a good bet for homeowners with collections of jewelry or other valuables, with up to $100,000 of blanket coverage available for these items.
Learn more with our Openly home insurance review.
Best homeowners insurance in Oklahoma for consumer experience: Amica and Country Financial
Coverage options
Discounts
NAIC complaints
Amica
Coverage options
Discounts
NAIC complaints
Rhode Island-based Amica stands out for its customer service and broad range of coverage options. The company has drawn far fewer consumer complaints to state regulators than expected for an insurer of its size, according to the National Association of Insurance Commissioners, or NAIC.
You can customize your policy with extra coverage above your dwelling limit, in case your house costs more to rebuild than expected. You may also want to add coverage for damage from water backups or recovery from identity theft.
Get more information in our Amica homeowners insurance review.
Country Financial
Coverage options
Discounts
NAIC complaints
Country Financial
Coverage options
Discounts
NAIC complaints
Country Financial has three different levels of homeowners coverage to help you choose the package that’s best for you. You also have the option to add extra coverage for the structure of your home, in case inflation drives up the cost of rebuilding more than you expect.
Country Financial sells homeowners insurance through local representatives. The company has drawn far fewer complaints than expected to state regulators.
Learn more with our Country Financial homeowners insurance review.
Full list of the best homeowners insurance in Oklahoma
NerdWallet analyzed home insurance companies across the state to find the best home insurance in Oklahoma. Here are all of the insurers that received a NerdWallet star rating of 4.5 or higher:
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
Not available | ||
Not available | ||
Not available | ||
$5,745 | ||
Not available | ||
$5,290 | ||
$5,425 | ||
USAA* | $5,255 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
How much does homeowners insurance cost in Oklahoma?
The average annual cost of home insurance in Oklahoma is $5,495. That’s 187% more than the national average of $1,915, making it the most expensive state in the U.S. for homeowners insurance, according to NerdWallet’s rate analysis.
In most U.S. states, including Oklahoma, many insurers use your credit-based insurance score to help set rates. Your insurance score is similar but not identical to your traditional credit score.
In Oklahoma, those with poor credit pay an average of $12,180 per year for homeowners insurance, according to NerdWallet’s rate analysis. That's more than twice as much as what homeowners with good credit pay.
Average cost of homeowners insurance in Oklahoma by city
How much you pay for home insurance in Oklahoma will depend on your ZIP code. For example, the average cost of homeowners insurance in Oklahoma City is $6,220 a year, while homeowners in Tulsa pay an average of $5,105 per year.
City | Average annual rate | Average monthly rate |
|---|---|---|
Ada | $5,190 | $433 |
Ardmore | $5,320 | $443 |
Bartlesville | $4,745 | $395 |
Bixby | $5,210 | $434 |
Broken Arrow | $5,260 | $438 |
Claremore | $4,925 | $410 |
Duncan | $5,340 | $445 |
Durant | $5,070 | $423 |
Edmond | $6,205 | $517 |
Enid | $5,330 | $444 |
Lawton | $5,340 | $445 |
McAlester | $5,190 | $433 |
Muskogee | $5,045 | $420 |
Mustang | $6,165 | $514 |
Norman | $5,985 | $499 |
Oklahoma City | $6,220 | $518 |
Owasso | $4,980 | $415 |
Ponca City | $5,415 | $451 |
Sand Springs | $5,110 | $426 |
Sapulpa | $5,385 | $449 |
Shawnee | $5,490 | $458 |
Stillwater | $5,220 | $435 |
Tahlequah | $5,050 | $421 |
Tulsa | $5,105 | $425 |
Yukon | $6,125 | $510 |
The cheapest home insurance in Oklahoma
Here are the insurers we found with average annual rates below the Oklahoma average of $5,495.
Company | NerdWallet star rating | Average annual rate |
|---|---|---|
American Farmers & Ranchers | Not rated | $3,595 |
Oklahoma Farm Bureau | Not rated | $4,460 |
$5,290 | ||
$5,425 | ||
USAA* | $5,255 | |
*USAA homeowners policies are available only to active military, veterans and their families. | ||
What to know about Oklahoma homeowners insurance
As an Oklahoma homeowner, you’ll need to consider whether you have adequate coverage for risks like tornadoes, flooding, severe storms, hail and earthquakes.
Tornadoes
A standard homeowners policy covers damage from wind, including tornadoes. However, it's still important to review your coverage details carefully. Some policies may have a separate deductible for wind damage.
For example, your policy may have a $1,000 deductible for most claims and a 1% deductible for wind claims. So if your house has $250,000 worth of dwelling coverage, you’d have to pay for the first $2,500 of wind damage yourself. Choosing a higher deductible for wind damage can reduce your overall premium, but you’ll want to be sure you can afford it if disaster strikes.
Flooding
Even if you don’t live in a flood plain, heavy rains can cause flash flooding. Since most standard homeowners insurance policies don’t cover flood damage, you may want to buy separate flood insurance.
To find out whether you’re at risk, put your address into the Federal Emergency Management Agency's flood maps or visit RiskFactor.com, a website from the nonprofit First Street Foundation. Even if your home has a medium or low risk, you may want flood insurance for extra peace of mind.
Keep in mind that while you can purchase flood coverage anytime, there is typically a 30-day waiting period before the policy takes effect.
Hail
While your homeowners insurance will likely cover hail damage, there may be restrictions. For example, the policy may pay only for damage that affects how your home functions, not for cosmetic damage. You may also have a higher deductible for hail claims. When in doubt, check your policy or contact your agent for exact coverage details.
Earthquakes
Earthquakes can significantly damage homes and property, including foundations, walls, roofs and HVAC systems. A standard homeowners policy typically won’t cover earthquake damage. As a result, homeowners in Oklahoma may want to consider buying earthquake insurance.
Oklahoma insurance department
The Oklahoma Insurance Department oversees the state’s insurance industry and provides consumer resources such as homeowners insurance rate comparisons and shopping tips. The Oklahoma Insurance Department is also where you can file a complaint against your insurance company online, by mail or by fax. If you have insurance questions, you can call the agency’s Consumer Assistance Division at 800-522-0071 or 405-521-2828.
Looking for more insurance in Oklahoma?
Amanda Shapland contributed to this story.
NerdWallet calculated median rates for 40-year-old homeowners from various insurance companies in every ZIP code across the state. All rates are rounded to the nearest $5.
Sample homeowners were nonsmokers with good credit living in a single-family, two-story home built in 1984. They had a $1,000 deductible and the following coverage limits:
$300,000 in dwelling coverage.
$30,000 in other structures coverage.
$150,000 in personal property coverage.
$60,000 in loss of use coverage.
$300,000 in liability coverage.
$1,000 in medical payments coverage.
We made minor changes to the sample policy in cases where rates for the above coverage limits or deductibles weren’t available.
We changed the credit tier from “good” to “poor,” as reported to the insurer, to see rates for homeowners with poor credit.
These are sample rates generated through Quadrant Information Services. Your own rates will be different.
Star rating methodology
NerdWallet’s homeowners insurance ratings reward companies for customer-first features and practices. Ratings are based on weighted averages of scores in several categories, including financial strength, consumer complaints, coverages, discounts and online experience. These ratings are a guide, but we encourage you to shop around and compare several insurance quotes to find the best rate for you. NerdWallet does not receive compensation for any reviews. Read our full homeowners insurance rating methodology.
Complaint methodology
NerdWallet examined complaints received by state insurance regulators and reported to the National Association of Insurance Commissioners in 2020-2022. To assess how insurers compare with one another, the NAIC calculates a complaint index each year for each subsidiary, measuring its share of total complaints relative to its size, or share of total premiums in the industry. To evaluate a company’s complaint history, NerdWallet calculated a similar index for each insurer, weighted by market shares of each subsidiary, over the three-year period. NerdWallet conducts its data analysis and reaches conclusions independently and without the endorsement of the NAIC. Ratios are determined separately for auto, home (including renters and condo) and life insurance.
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