Best and Cheapest Home Insurance Companies in Oklahoma (2026)
State Farm usually has the cheapest home insurance rates in Oklahoma, at an average of $2,923/yr. | ||
Home insurance in Oklahoma costs an average of $5,298/yr, making it the most expensive state in the country for home coverage. | ||
Oklahoma City and its surrounding suburbs have the most expensive home insurance in the state, with average rates above $7,300/yr. |
State Farm usually has the cheapest home insurance rates in Oklahoma, at an average of $2,923/yr. | ||
Home insurance in Oklahoma costs an average of $5,298/yr. But Oklahoma City and towns around it often have average rates higher than $7,300/yr. |
Find Cheap Home Insurance Quotes in Oklahoma
Who has the best cheap home insurance in OK?
Who has the cheapest home insurance in Oklahoma?
State Farm has the cheapest home insurance quotes in Oklahoma for most people.
Find Cheap Home Insurance Quotes in Oklahoma
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State Farm home insurance, on average, is between 37% and 65% cheaper than the state average, depending on the cost to rebuild your home and the amount of coverage you get.
For example, if you need $350,000 of dwelling coverage to rebuild your house, on average, that costs $2,923 at State Farm. That's 45% cheaper than the state average for that much coverage.
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Allstate also has cheap rates in the state and the cheapest prices for new homes. The company's average rate for a new home is around $1,622 per year for $350,000 of dwelling coverage.
Best cheap homeowners insurance in OK by dwelling coverage amount
$200,000
$350,000
$500,000
$1 million
Company | Annual rate | ||
|---|---|---|---|
| State Farm | 3.5 out of 5 | $2,085 | |
| Allstate | 4.0 out of 5 | $2,988 | |
| Shelter | 2.8 out of 5 | $3,447 | |
| Farm Bureau | 2.3 out of 5 | $3,791 | |
| Farmers | 2.5 out of 5 | $4,639 | |
| USAA | 3.8 out of 5 | $3,068 | |
Key takeaways
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Rates in Oklahoma went up about 5.4% in 2025, a little less than the national average of 5.6%.
The stretch from 2021 to 2025 saw rates in the state rise a total of 50%, also close to the national average.
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Liberty Mutual raised rates the most in the state, more than doubling them since 2021. That’s significantly ahead of Progressive, the next highest, which raised its prices by 78%.
Companies that raised rates the least, only by about one-third, include State Farm, USAA and Travelers.
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People living in Oklahoma City and its surrounding suburbs tend to pay more for home insurance than homeowners elsewhere in the state.
The average rate in OKC, $7,382 per year, is 39% higher than the state overall. That's on top of Oklahoma being the most expensive state for home insurance. Home insurance is more expensive in Oklahoma in part because homeowners regularly face a range of severe weather conditions including tornadoes, storms and hail.
Best OK homeowners insurance for most people: State Farm
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Annual cost$2,923Average rate for a $350,000 home
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Monthly cost$244Average rate for a $350,000 home
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Customer complaints Average
Best for extra coverage in Oklahoma: Allstate
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Annual cost$3,657Average rate for a $350,000 home
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Monthly cost$305Average rate for a $350,000 home
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Customer complaints Average
Insurance quotes for new homes in Oklahoma
Company | Annual rate | ||
|---|---|---|---|
| Allstate | 4.0 out of 5 | $1,622 | |
| State Farm | 3.5 out of 5 | $2,079 | |
| Shelter | 2.8 out of 5 | $3,735 | |
| Farmers | 2.5 out of 5 | $4,232 | |
| Farm Bureau | 2.3 out of 5 | $4,622 | |
| Chubb | 3.0 out of 5 | $6,877 | |
| USAA | 3.8 out of 5 | $1,419 | |
Rates are for a policy for a new home with $350,000 of dwelling coverage.
Best of Oklahoma military homeowners: USAA
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Annual cost$5,181Average rate for a $350,000 home
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Monthly cost$432Average rate for a $350,000 home
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Customer complaints Low
What is the best homeowners insurance in Oklahoma
Allstate is the best insurance company for most homeowners in Oklahoma.
Allstate offers an excellent combination of cheap rates, good coverage options and solid customer service. USAA has even better service and cheaper-than-average rates, but you can only get it if you've been in the military or have certain relatives who had USAA.
Top Oklahoma homeowners insurance companies
Company |
Rating
|
Complaints
|
|---|---|---|
| Allstate | 4.0 out of 5 | Average |
| USAA | 3.8 out of 5 | Low |
| State Farm | 3.5 out of 5 | Average |
| Chubb | 3.0 out of 5 | Low |
| Shelter | 2.8 out of 5 | Low |
| Farmers | 2.5 out of 5 | Average |
| Farm Bureau | 2.3 out of 5 | Low |
What is the average home insurance cost in Oklahoma?
The average cost of home insurance in Oklahoma is $5,298 per year.
That's the highest in the country, more than double the national average of $2,395 per year.
Average cost of home insurance in OK by dwelling coverage amount
Dwelling coverage | Average rate |
|---|---|
| $200,000 | $3,336 |
| $350,000 | $5,298 |
| $500,000 | $8,071 |
| $1 million | $14,948 |
Although home insurance in Oklahoma is the most expensive in the country, the state sits in the middle of several others that also have pricey home insurance. Arkansas, Texas, Kansas and Colorado are among the six most expensive home-insurance states in the country. That’s because most are prone to having tornadoes, fires, severe storms or other disasters that are expensive to rebuild from.
Oklahoma home insurance rates by city
Roland, a town on the Arkansas border, has the cheapest home insurance rates in the state.
Coverage in Roland costs an average of $5,071 per year.
Midwest City, part of the Oklahoma City metro area, is the most expensive city for home insurance in Oklahoma. A policy costs $7,588 per year, on average.
The Oklahoma City metro area tends to be expensive and includes the eight priciest cities for coverage. Tulsa’s home insurance tends to be around average, with the best option being State Farm, the cheapest company in almost the entire state.
Find Cheap Home Insurance Quotes in Oklahoma
Cost of Oklahoma home insurance by city
City | Average rate | Cheapest company | Cheapest rate |
|---|---|---|---|
| Achille | $5,743 | State Farm | $2,909 |
| Ada | $5,848 | State Farm | $2,865 |
| Adair | $5,276 | State Farm | $2,550 |
| Adams | $6,246 | State Farm | $2,844 |
| Addington | $5,958 | State Farm | $2,844 |
| Afton | $5,088 | State Farm | $2,430 |
| Agra | $5,955 | State Farm | $3,025 |
| Akins | $5,139 | State Farm | $2,576 |
| Albany | $5,733 | State Farm | $2,915 |
| Albert | $6,140 | State Farm | $2,811 |
| Albion | $5,715 | State Farm | $2,948 |
| Alderson | $5,735 | State Farm | $2,844 |
| Alex | $6,565 | State Farm | $3,403 |
| Aline | $6,251 | State Farm | $3,490 |
| Allen | $5,837 | State Farm | $2,910 |
| Altus | $6,135 | Allstate | $3,249 |
| Altus Air Force Base | $6,150 | State Farm | $2,776 |
| Alva | $6,296 | State Farm | $3,429 |
| Amber | $6,783 | State Farm | $3,428 |
| Ames | $6,082 | State Farm | $2,776 |
| Amorita | $6,131 | State Farm | $2,811 |
| Anadarko | $6,282 | State Farm | $3,347 |
| Antlers | $5,654 | State Farm | $2,601 |
| Apache | $6,269 | State Farm | $3,403 |
| Arapaho | $6,346 | State Farm | $3,317 |
| Arcadia | $7,136 | State Farm | $3,351 |
| Ardmore | $5,688 | State Farm | $2,737 |
| Arkoma | $5,132 | State Farm | $2,609 |
| Arnett | $6,622 | State Farm | $3,658 |
| Asher | $6,034 | State Farm | $3,060 |
| Atoka | $5,661 | State Farm | $2,880 |
| Atwood | $5,739 | State Farm | $2,881 |
| Avant | $6,007 | State Farm | $2,844 |
| Balko | $6,729 | State Farm | $3,532 |
| Barnsdall | $5,684 | State Farm | $2,420 |
| Bartlesville | $5,289 | State Farm | $2,265 |
| Battiest | $5,565 | State Farm | $2,776 |
| Beaver | $6,765 | State Farm | $3,351 |
| Beggs | $5,711 | State Farm | $2,522 |
| Bell | $5,499 | State Farm | $2,486 |
| Bennington | $5,589 | State Farm | $2,821 |
| Bessie | $6,393 | State Farm | $3,496 |
| Bethany | $7,274 | Allstate | $3,075 |
| Bethel | $5,454 | State Farm | $2,776 |
| Bethel Acres | $6,206 | State Farm | $3,054 |
| Big Cabin | $5,332 | State Farm | $2,737 |
| Billings | $5,833 | State Farm | $3,402 |
| Binger | $6,289 | State Farm | $3,385 |
| Bison | $5,809 | State Farm | $2,742 |
| Bixby | $5,299 | State Farm | $2,414 |
| Blackwell | $5,700 | State Farm | $3,167 |
| Blair | $6,335 | State Farm | $3,362 |
Rates are for a policy with $350,000 of dwelling coverage.
What homeowners insurance coverage do I need in Oklahoma?
Tornadoes, hailstorms and wildfires do a large amount of damage to homes across Oklahoma.
Does Oklahoma home insurance cover tornado damage?
Homeowners insurance typically pays for tornado damage.
Homeowners living in high-risk areas for tornadoes may have to pay a separate deductible for wind damage. So you may have to pay two deductibles if a tornado causes both wind and hail damage to your home.
Oklahoma had the eighth-most tornadoes in the country in 2025. In total, tornadoes did $454 million in property damage across Oklahoma between 2020 and 2025.
Does home insurance in OK cover hail damage?
Homeowners insurance typically covers hail damage.
Hail caused the most damage to Oklahoma homes in 2024, more than fire, lightning, wind or water damage. The state also had the third-most hailstorms in the country in 2025, at more than 360.
You should take precautions by reinforcing your roof and windows. Most home insurance companies also offer discounts for installing impact windows.
Does OK home insurance cover wildfires?
Most of the time, a basic homeowners insurance policy will pay to fix damage from fire and smoke.
But your insurance company may exclude wildfire coverage from your policy if you live in an area prone to fires. That might mean you need to buy a separate fire insurance policy.
Oklahoma is prone to wildfires, especially in the western part of the state. There were 1,050 wildfires in 2024 alone, and more than 17% of structures are at moderate or extreme risk from fire, according to Verisk.
How to find the best homeowners insurance in Oklahoma
The best home insurance companies in Oklahoma offer great customer service and helpful coverage at an affordable rate. To find the best company for you, start by figuring out how much coverage you need. Then, shop around for quotes and compare customer service ratings.
Figure out how much coverage you need. Most basic home insurance policies offer similar coverage, including protection for your home and belongings.
However, some Oklahoma homeowners may need more protection than what a basic policy offers.
For example, some companies offer coverage for trees and plants. This can be helpful if you have landscaping and live in an area where windstorms or tornadoes are more common.
Compare quotes from multiple companies. There's a difference of $4,528 per year between the most and least expensive companies in Oklahoma. That could mean a savings of around $377 per month.
Each insurance company calculates rates differently. Some companies focus more on your age or credit score. Others may weigh your home's building materials or your insurance history more heavily. For that reason, the best rates for you could be different from the best rates for your family, friends or neighbors.
Compare customer service ratings. It's important to choose an insurance company that will make your life easier after a disaster.
Companies with great customer service do this by having a quick and easy claims process and paying you a fair price for repairs. A company with poor customer service could lead to more back-and-forth if you have to file a claim. As a result, you may end up having to pay more to fix your home.
To find the best company for you, start by comparing ValuePenguin editor's ratings. Our editors consider customer service reviews, coverage availability and cost when choosing the best companies. You can also research J.D. Power scores and view complaints on the National Association of Insurance Commissioners website.
Change in Oklahoma home insurance costs over time
Home insurance prices have gone up about 50% in Oklahoma in the past five years.
Oklahoma home insurance rate trends, 2021-2025
Year | Rate increase |
|---|---|
| 2021 | 2.78% |
| 2022 | 8.36% |
| 2023 | 16.11% |
| 2024 | 9.87% |
| 2025 | 5.38% |
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Home insurance rates in Oklahoma went up more than 5% in 2025. That's a drop after going up 16% in 2023 and close to 10% in 2024.
Liberty Mutual raised rates the most, by nearly 109% or more than double.
Frequently asked questions
What is the average cost of home insurance in Oklahoma?
The average cost of homeowners insurance in Oklahoma is $5,298 per year, or $442 per month. That's more than double the national average of $2,395 per year.
Why is Oklahoma home insurance so high?
Oklahoma home insurance is expensive because of the frequent severe weather across the state. Oklahoma homes are at a high risk of wind and hail damage because of tornadoes and severe thunderstorms. In many parts of the state, they’re also at risk of fires. This makes homes across the state more expensive to insure.
Who has the cheapest homeowners insurance in Oklahoma?
State Farm offers the cheapest home insurance in Oklahoma. It costs around $2,923 per year, which is $2,375 per year cheaper than the state average.
Who has the best tornado coverage in Oklahoma?
Shelter has the best coverage for severe weather damage in Oklahoma. That's because Shelter's home insurance includes coverage that's helpful for tornado claims, like paid debris removal. You'll have to pay a bit more for a policy with the company, as its average rate of $5,981 per year is 13% more than the state average.
How much is homeowners insurance in Tulsa, OK?
Home insurance in Tulsa costs an average of $5,347 per year, about in line with the statewide average. State Farm has the cheapest rates in the city, at $2,343 per year.
Methodology
ValuePenguin collected quotes from the largest home insurance companies in Oklahoma across 674 ZIP codes. Rates are for a 45-year-old married man with no history of insurance claims. Quotes are for a 1,941 square foot home built 43 years ago, based on the average home age and size in Oklahoma.
Quotes include the following coverage limits:
- Dwelling coverage: $200,000, $350,000, $500,000 or $1 million
- Personal liability: $100,000
- Medical payments: $1,000
- Deductible: $1,000
ValuePenguin's analysis used insurance rate data from Quadrant Information Services. Quadrant's rates were taken from public filings and should only be used for comparative purposes.
Home insurance ratings were created using complaint data from the National Association of Insurance Commissioners (NAIC), the J.D. Power customer satisfaction survey and ValuePenguin's ratings.
Home insurance rate change data was compiled using RateWatch from S&P Global, which uses information from the National Association of Insurance Commissioners (NAIC).
Sources:
About the Author
Senior Writer
Lindsay Bishop is a Senior Writer at ValuePenguin, where she educates readers about home, auto, renters, flood and motorcycle insurance.
Lindsay began her career in the insurance and financial industry in 2010. She was a licensed auto, home, life and health insurance agent and held Series 6 and 63 financial licenses.
After a hiatus from the financial sector, Lindsay returned to the industry as a content writer for ValuePenguin in 2021. She enjoys having the opportunity to help readers make smart decisions about their insurance so they can be prepared for anything life throws their way.
When Lindsay isn't writing about insurance, you can find her spending time with family, enjoying the outdoors on Sunday long runs or riding her Peloton.
How insurance helped Lindsay
As a homeowner for 15 years located in South Carolina, Lindsay has plenty of experience navigating the coastal insurance market and managing the claims process. That includes successfully negotiating a full roof replacement claim.
Expertise
- Home insurance
- Car insurance
- Flood insurance
- Renters insurance
- Motorcycle insurance
Referenced by
- CNBC
- Yahoo Finance
- Miami Herald
Education
- BS/BA Economics, University of Nevada Las Vegas
Editorial Note: The content of this article is based on the author's opinions and recommendations alone. It has not been previewed, commissioned or otherwise endorsed by any of our network partners.
