Best Homeowners Insurance Companies in Oklahoma (2025)
State Farm, USAA, and Farmers offer some of the best homeowners insurance in Oklahoma to protect against severe storms and wildfires.
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Smack dab in Tornado Alley, Oklahomans endure frequent severe weather, wildfires, and earthquakes — all of which can drive up home insurance costs. As a result, the state sees some of the highest premiums in the country.
The average cost of homeowners insurance in Oklahoma is $4,560 per year for a $300,000 dwelling coverage policy with a $1,000 deductible — well above the national average of $2,532 per year.
Here’s a look at some of the best insurers in Oklahoma, how much coverage you need, and what to consider when comparing policies.
Quick Facts
Oklahoma homeowners pay an average of $4,912 per year for a policy with $300,000 in dwelling coverage and a $500 deductible.
USAA is the cheapest home insurance company in Oklahoma, with an average monthly rate of $185.
Oklahoma ranked No. 4 in the U.S. for major hail events in 2024.[?]
Best home insurance companies in Oklahoma
Because Oklahoma is home to many quality insurers, your insurance needs and budget can help you decide which one is right for you. That said, the five insurers below are some of the best home insurance companies in Oklahoma to consider:
State Farm: Best for tornadoes and storm damage
USAA: Best for military members and their families
Allstate: Best for earthquake or seismic coverage
Farmers: Best for affordable home insurance
Chubb: Best for customer service and claims process
Our editorial team analyzed dozens of regional and national home insurance companies that sell policies in Oklahoma to assess which offer the best rates, coverage options, customer service, and savings to homeowners. We prioritized competitive rates, 24/7 customer service, homeownership discounts or bundling options, and specialty or supplemental coverages.
Cheapest home insurance in Oklahoma
While premiums vary by location and coverage, we found that USAA has the cheapest homeowners insurance in Oklahoma, with average monthly premiums of $185.
You may find the most affordable home insurance quotes from the following companies:
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Data reviewed by Chase Gardner)
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Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
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Insurance Company  | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| USAA | $2,220 |
| Farmers | $2,436 |
| Allstate | $2,484 |
| Travelers | $3,876 |
| State Farm | $4,116 |
| Chubb | $6,360 |
How much does homeowners insurance cost in Oklahoma?
Oklahoma home insurance costs an average of $380 per month, or $4,560 per year. Your home insurance rate depends on several factors, including your ZIP code, local weather risks, the age of your home, the materials your home is constructed of, and more.
Insurance companies may consider your claims history and credit-based insurance score when calculating premiums. Local property values can also play a role — homes in higher-value areas may cost more to insure.[?]
Cheapest home insurance companies in Oklahoma by dwelling coverage
Dwelling coverage insures your home’s structure against perils like fire, natural disasters, and vandalism.[?] The table below shows some of the cheapest home insurance companies for dwelling coverage in Oklahoma.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Farmers | $1,704 |
| USAA | $1,704 |
| Allstate | $2,148 |
| Travelers | $2,796 |
| State Farm | $3,204 |
| Chubb | $4,452 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| USAA | $2,220 |
| Farmers | $2,436 |
| Allstate | $2,484 |
| Travelers | $3,876 |
| State Farm | $4,116 |
| Chubb | $6,360 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $2,844 |
| USAA | $3,120 |
| Farmers | $3,876 |
| State Farm | $5,556 |
| Travelers | $5,976 |
| Chubb | $10,056 |
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
Insurance Company | Average Annual Premium |
|---|---|
| Allstate | $3,528 |
| USAA | $4,104 |
| Farmers | $5,220 |
| State Farm | $6,984 |
| Travelers | $8,448 |
| Chubb | $14,640 |
Oklahoma homeowners insurance cost by city
Your location can influence your premium. For example, Tulsa has lower average homeowners insurance rates than Oklahoma City.
Insurers consider several factors when setting prices, including an area’s exposure to wildfires, tornadoes, and hail, as well as local crime rates and proximity to fire stations. Below is a comparison of the average annual home insurance premiums in some major Oklahoma cities.
The below rates are estimated rates current as of: Monday, October 6 at 5:00 PM PDT.
Data reviewed by Chase Gardner
Data expert on auto trends and driver behavior
University of Chicago graduate with statistics degree
Featured in
City | Average Annual Premium: With $300,000 in Dwelling Coverage |
|---|---|
| Tulsa | $4,080 |
| Oklahoma City | $5,004 |
What homeowners should know about insurance in Oklahoma
Oklahoma is generally an affordable place to live, but its environmental and weather risks can affect your home insurance cost and the coverage you need. When choosing your policy, consider the following common hazards in the Sooner State:
Severe storms
Located in Tornado Alley, Oklahoma frequently experiences severe storms when cold, dry air from Canada meets warm, moist air from the Gulf. These conditions can bring high winds, hail, and an average of 50 tornadoes each year.[?]
While standard home insurance policies typically cover hail and wind damage, make sure your dwelling coverage reflects current rebuilding costs rather than just your home’s purchase price. Storms can also bring heavy rain, so a separate flood insurance policy through the NFIP or a private insurer may be a good investment in flood zones.
Earthquakes
Seismic activity has increased substantially in Oklahoma due to industrial wastewater injection, according to the U.S. Geological Survey. Earthquakes can compromise the structural integrity of your home.
Homeowners insurance in Oklahoma typically doesn’t cover earthquake damage, such as cracked foundations or ground shifting. If you live near disposal wells or drilling zones, consider adding an earthquake endorsement to your policy.
Wildfires
Oklahoma frequently faces droughts, which can lead to wildfires. The state averages more than 1,200 fires per year, with wildfires damaging more than 400 homes statewide in early 2025.[?]
Most types of home insurance policies cover fire and smoke damage, including from wildfires, but you may face higher premiums and deductibles in high-risk areas.[?] You should also check if your insurer has mitigation requirements, such as clearing brush or installing a fire-resistant roof.
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How much homeowners insurance do you need in Oklahoma?
Even though Oklahoma state law doesn’t require homeowners insurance, most mortgage companies do. When choosing a policy, review the paperwork to make sure you understand exactly what home insurance covers.
You’ll want to make sure your policy includes the following coverages:
How to contact the Oklahoma Department of Insurance
The Oklahoma Insurance Department (OID) oversees the state’s insurance markets, enforces insurance regulations, and assists residents with consumer complaints. Homeowners can contact the department to report claim disputes, verify agent licenses, and find educational resources.
For more information, visit the organization’s website or call 1 (405) 521-2828. You can also submit questions through the OID’s online contact form.
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Oklahoma homeowners insurance FAQs
Although Oklahoma faces high premiums, home insurance is a necessity for protecting your home from the many risks in the state. Below is some additional information to help you find the right policy for you.
Homeowners insurance in Oklahoma costs an average of $4,560 per year, or $380 per month, Insurify data shows. Adding flood insurance or extended replacement cost coverage could increase your premium.
USAA is among the cheapest home insurance companies in Oklahoma, with average monthly premiums of $185. Your premium will likely vary, so it’s important to request insurance quotes from multiple companies to find the best deal.
Oklahoma has no law requiring home insurance. But if you have a mortgage, your lender will likely require homeowners insurance to protect its investment.
You may be able to lower your home insurance premium by comparing quotes, looking for discounts, increasing your deductible, and maintaining a good credit history.
The 80% rule says you should insure your home for at least 80% of its replacement cost. Otherwise, your insurer may only pay part of your claim.
Home insurance costs more in Oklahoma due to frequent severe storms intensified by climate change, as well as the risk of earthquakes and wildfires.
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