Reviews Report

• Allstate, USAA,Travelers, Farmers, and State Farm remain among the top options we considered for Oklahoma homeowners.
• All are evaluated in J.D. Power’s latest U.S. Home Insurance Study (2025).
• Oklahoma’s average homeowners premium has risen sharply; current modeled statewide averages for a typical policy are roughly $5,200–$6,300 per year, well above the national average in the mid-$2,000s.

Oklahoma home insurance premiums remain well above the national average. However, it is possible to find lower premiums if you know what homeowners in the area typically pay and what types of discounts are available to you. We determined five carriers that we consider to offer some of the best homeowners insurance in Oklahoma based on rates, financial strength and customer satisfaction, as well as policy customization options and discounts. Before you settle on one carrier, you may find it helpful to get and compare quotes from multiple companies and review wind/hail deductible options, roof age/material credits, and bundling opportunities to find the best and cheapest coverage.

Earlier analyses relied on 2021 Quadrant Information Services data from Bankrate.com to map average premiums. In 2025, multiple independent studies place Oklahoma’s typical homeowners premium for a standard ~$300,000 dwelling policy in roughly the $5,200–$6,300 range, with the U.S. average in the mid-$2,000s. We use a consistent in-house methodology to compare discounts, coverage, and third-party evaluations (including AM Best and the latest J.D. Power study) to rank and review the best home insurance in Oklahoma. Compare quotes from carriers that provide home insurance in Oklahoma to make sure you get the best rates available.

The 5 Best Home Insurance Companies in Oklahoma

• Allstate: Best Oklahoma Home Insurance for Discounts
• USAA: Best Oklahoma Home Insurance for Military-Focused Coverage
• Travelers: Best Oklahoma Home Insurance for Add-Ons
• Farmers: Best Oklahoma Home Insurance for Pricing Options
• State Farm: Best Oklahoma Home Insurance for Online Experience

Compare the Best Home Insurance Companies in Oklahoma

Note: The comparison metrics in this section reflect 2021 data; statewide averages and satisfaction figures have changed materially by 2025.

* Data derived from Bankrate.com’s 2021 dataset; current 2025 modeled averages are higher.

**J.D. Power latest U.S. Home Insurance Study (2025). Based on a 1,000-point scale.

Allstate

* Historical rate data via Bankrate.com; statewide averages have increased notably by 2025.

**J.D. Power’s latest (2025) U.S. Home Insurance Study. Based on a 1,000-point scale.

USAA

* Historical rate data via Bankrate.com; statewide averages have increased notably by 2025.

**J.D. Power’s latest (2025) U.S. Home Insurance Study. Based on a 1,000-point scale.

Travelers

* Historical rate data via Bankrate.com; statewide averages have increased notably by 2025.

**J.D. Power’s latest (2025) U.S. Home Insurance Study. Based on a 1,000-point scale.

Farmers

* Historical rate data via Bankrate.com; statewide averages have increased notably by 2025.

**J.D. Power’s latest (2025) U.S. Home Insurance Study. Based on a 1,000-point scale.

State Farm

*Data via Bankrate.com’s historical dataset; statewide averages have increased notably by 2025.

**J.D. Power’s latest (2025) U.S. Home Insurance Study. Based on a 1,000-point scale.

Average Cost of Home Insurance in Oklahoma

Premiums for home insurance in Oklahoma City and other areas of the state are high. In 2025, studies modeling a standard HO-3 policy with around $300,000 in dwelling coverage estimate statewide averages roughly between $5,200 and $6,300 per year — more than double the national average in the mid-$2,000s. Actual prices vary by ZIP code, roof age/material, deductible selection, and discounts.

A likely contributing factor is the state’s proximity to Tornado Alley. Destructive weather events are common in Oklahoma and cause expensive damages to homes and properties. While Oklahoma averages around 40 tornadoes per year, there were 149 in 2019, breaking the state record. Recent severe convective storm outbreaks in spring 2024 across the Southern Plains also contributed to a historically high count of U.S. billion-dollar severe-storm disasters. 

In general, residents may pay higher home insurance premiums in Oklahoma based on the likelihood of having to file a homeowners insurance claim. With commonly-occurring tornadoes and the variety of other perils and hazards in the state, Oklahoma homeowners may be more likely to suffer a loss and file a home insurance claim than residents of other states, which can drive up rates. Insurers have also tightened underwriting by using separate wind/hail deductibles and more roof-specific pricing, reflecting recent loss experience and higher reinsurance costs.

The Cheapest Homeowner Insurance Companies in Oklahoma

* Historical estimates (2021) based on $250,000 in dwelling coverage; current 2025 statewide averages for a typical $300,000 policy are substantially higher.

Top 3 Cheapest Homeowner Insurance Companies in Oklahoma

• Farmers Insurance – historically among the lowest in earlier datasets; current 2025 pricing varies widely by ZIP code and roof profile.
• USAA – historically competitive for eligible military families; current 2025 pricing varies widely by ZIP code and roof profile.
• American Farmers & Ranchers Mutual – historically among the lower averages in prior data; current 2025 pricing varies widely by ZIP code and roof profile.

Top 3 Most Expensive Homeowner Insurance Companies in Oklahoma

• The Hanover – historically among the highest in earlier datasets; current 2025 pricing varies widely by ZIP code and home characteristics.
• Chubb – historically priced higher for high-value coverage; current 2025 pricing varies widely by ZIP code and home characteristics.
• State Farm – historically above the state average in prior data; current 2025 pricing varies widely by ZIP code and home characteristics.

Common Home Insurance Perils in Oklahoma

Oklahoma homeowners have to worry about more than just tornadoes. A local News 9 report says Oklahoma is also vulnerable to “hailstorms, straight line winds, wildfires, ice storms, flash flooding, and even earthquakes”. Severe convective storm losses across the Southern Plains were especially high again in 2024, adding pressure to premiums and deductibles. Here is a breakdown of common Oklahoma home insurance perils:

• Hailstorms: An April, 2021 hailstorm across Texas and Oklahoma was reported to have caused damages and losses of $3.5 billion. In 2024, severe convective storms again dominated U.S. insured losses nationally, with hail a major driver in Oklahoma. 
• Wildfires: There are burn bans throughout Oklahoma in an attempt to lower the risk of wildfires. The state periodically sees significant acreage burned, including notable events in 2020.
• Ice storms: A freak ice storm in October of 2020 left over 300,000 people without power. The storm caused extensive tree damage and other types of property issues and illustrates the kind of winter weather that can drive claims.
• Flash floods: Flash floods are the deadliest type of peril in Oklahoma. Their sudden appearance makes it difficult to predict and prevent losses.
• Earthquakes: Since 2009, earthquakes have become a regular occurrence in the state. In fact, the frequency of earthquakes 3.0 or greater have become more common in Oklahoma than in California.

Add-on home insurance coverage in Oklahoma

Oklahoma is vulnerable to a variety of weather-related and natural perils. It’s why Oklahoma  home insurance rates are so high. A standard home insurance policy does not cover every type of event. Based on the area you live in and your personal needs, you may need to purchase additional coverages or separate policies for more comprehensive protection. 

While most homeowners in states with far less extreme weather can get away with a standard HO-3 policy, Oklahoma residents are more at risk for floods, earthquakes, tornadoes and other events that could cause serious losses. Add-ons for flooding and earthquakes may be available through carriers such as Farmers, State Farm and USAA. You may also be able to find flood insurance through the federally-run FEMA. Many Oklahoma policies now feature separate wind/hail deductibles and roof-specific settlement terms; asking about impact-resistant roofing credits or IBHS FORTIFIED recognition may help reduce costs.

Oklahoma Home Insurance FAQ

Methodology

We evaluated the companies based on their third-party agency ratings for customer experience, financial stability, as well as coverage options to determine which might be the best providers. 

To compare home insurance companies across the board, we considered the following factors:

• Coverage: The more options a home insurance company has for insurance add-ons and coverages, the higher it scores in our methodology.
• Customer Experience: We reviewed the National Association of Insurance Commissioners’ National Complaint Index and compared each homeowners insurance company’s complaint rating.
• Customer Satisfaction: With J.D. Power’s 2025 U.S. Home Insurance Study, we assigned a score to each company based on the rating it received.
• Financial Stability: Reviews.com utilized AM Best ratings to assign a score based on each home insurance company’s financial stability.
• Discounts: We reviewed and compared the number of discounts advertised on each home insurance company’s website. The more available discounts, the higher the score in this metric.

Rates cited in earlier comparisons were based on quoted annual premiums from Bankrate.com’s historical dataset. These are sample rates and should be used for comparative purposes only. Current 2025 modeled statewide averages vary by source and assumptions; your quotes may be different.

The coverage limits for home insurance rates reflect the following coverage and limits:

• Coverage A, Dwelling: $250,000
• Coverage B, Other Structures: $25,000
• Coverage C, Personal Property: $125,000
• Coverage D, Loss of Use: $50,000
• Coverage E, Liability: $300,000
• Coverage F, Medical Payments: $1,000

The homeowners also have a $1,000 deductible and a separate wind and hail deductible (if required).

Keep Reading

Guide to Homeowners Insurance Coverage

Homeowners Insurance Buyer’s Guide

The Best Companies for Bundling Home and Auto Insurance in 2025