Cheapest Oklahoma Homeowners Insurance Quotes (2025)

The average cost of home insurance in Oklahoma is $4,502 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage, Insurify data shows. Oklahoma is located in Tornado Alley and leads the nation in severe storms, making home insurance all the more important.

Here’s what you should know about comparing home insurance quotes and finding affordable coverage in Oklahoma.

Best home insurance companies in Oklahoma

As a homeowner, you have many excellent options for quality home insurance in Oklahoma. Ultimately, the best coverage for you will be from an insurer that combines affordability with the right coverage — it won’t always be the cheapest. Keep this in mind when comparing home insurance quotes — you want the best homeowners insurance protecting your property.

Below are some of the top homeowners insurance companies in Oklahoma for different types of homeowners.

Cheapest rates: American National

Best insurer for veterans and their families: Armed Forces Insurance Exchange

Armed Forces Insurance Exchange is the best option for Oklahoma veterans and their families, offering exclusive coverage to military members at affordable rates. As recently as 2022, 8% of all adult civilians in Oklahoma were veterans, making this company an excellent option for thousands of people across the state.

Best insurer overall: Allstate

Best insurer for customer service: State Farm

Cheapest home insurance in Oklahoma

USAA is the cheapest home insurance company in Oklahoma, with an average monthly rate of only $185. Armed Forces Insurance Exchange and Allstate follow closely.

Take a look at other cheap insurance companies in Oklahoma in the table below.

Cost of homeowners insurance in Oklahoma

The average cost of homeowners insurance in Oklahoma is $4,502 per year for a policy with a $1,000 deductible and $300,000 in dwelling coverage. But your rate depends on the insurer you choose, your location, and how much coverage you go with. The higher your coverage limit, the higher rates you’ll pay.

Some other factors that affect your premiums include the size of your home, its age, local building costs, your deductible, your ZIP code, and even your credit history.1 This is why it’s so important to compare home insurance quotes from multiple insurance companies before buying a policy.

Cost of homeowners insurance by dwelling coverage amount

The factor that will most significantly affect your home insurance premiums is your dwelling coverage amount. Dwelling coverage protects the physical structure of your home if it’s damaged in a covered event, such as a fire, windstorm, or hail. The higher your dwelling coverage limit, the higher your premium will be.

The table below shows how much premiums can increase in Oklahoma when you select higher amounts of dwelling coverage for your home.

Cost of homeowners insurance by deductible

A home insurance deductible is how much you pay out of pocket after an incident before your insurer pays on the claim. Common deductibles for home insurance range from $500 to $2,000. Your deductible amount also has an effect on your home insurance premiums — the lower your deductible, the higher your premiums will be, and vice versa.

In the table below, you can see how the average annual premium increases in Oklahoma with a lower deductible.

How to get cheap homeowners insurance in Oklahoma

You can get cheap homeowners insurance in Oklahoma in numerous ways:2

• Apply for discounts. Discounts are one of the best ways to save money on home insurance. Most insurance companies offer a wide variety of home insurance discounts to customers — just ask what’s available. Consider bundling your auto insurance with your home insurance — this is a common discount that could save you hundreds.

• Raise your deductible. Increasing your deductible will automatically lower your premiums. But you’ll need to fork over more money out of pocket in the event of an incident. Make sure you can afford to pay that higher deductible before increasing it.

• Improve your credit. This is much easier said than done, but improving your credit will likely reduce your home insurance premiums. Insurance companies consider your credit history when determining premiums. A higher credit score indicates a lower likelihood of filing a claim, so you’ll pay cheaper premiums than homeowners with poor credit.

• Compare home insurance quotes. This is arguably the best way to save money on home insurance. Comparing quotes from multiple insurers lets you see what’s available in your area. Often, insurers offer different prices for the same coverage level since they weigh various factors differently. Make sure to compare prices from at least three different home insurance companies to find the best coverage for your specific situation.

How much homeowners insurance do you need in Oklahoma?

Technically, you don’t need to have homeowners insurance under Oklahoma law. But it wouldn’t be a good idea to forgo it, especially in a state prone to natural disasters. In addition, if you take out a mortgage on your home, your mortgage company will require you to carry home insurance to protect the asset it’s lent money to you for.

The general rule of thumb with home insurance is 80/20, meaning you should carry dwelling coverage equal to or greater than 80% of your home’s total replacement cost. Regardless of how much dwelling coverage you have, you should know exactly what your homeowners insurance policy covers.

Homeowners in Oklahoma should consider carrying additional coverages to protect against damages from severe weather. While a standard home insurance policy includes tornado coverage, it doesn’t protect against flood damage. You can buy separate flood insurance from some private insurers or through the National Flood Insurance Program (NFIP).

What are some of the biggest risks when owning a home in Oklahoma?

Owning a home in Oklahoma comes with numerous risks, though a few stand out:

Oklahoma homeowners insurance FAQs