Oklahoma's average home insurance premium costs $640 monthly or $7,683 annually. That's $351 more per month than the national average, making Oklahoma the second most expensive state for home insurance coverage.
Average Home Insurance Cost in Oklahoma
Updated: January 6, 2026
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Key Takeaways: Oklahoma Home Insurance Rates
Oklahoma ranks as the second most expensive state for homeowners coverage, with insurance averaging $640 monthly or $7,683 annually.
Determine your coverage needs, gather multiple quotes and research providers to find the best home insurance in Oklahoma for your budget.
MoneyGeek's free home insurance calculator helps you estimate costs in seconds without entering personal information.
How Much Is Home Insurance in Oklahoma?
| Oklahoma | $7,683 | $3,467 | 122% |
*These rates are for a frame construction home built in 2000 with $250,000 dwelling, $125,000 personal property, $200,000 liability coverage and a $1,000 deductible.
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$220
High
$144
Average
$104
Low
Rates updated:
Jan 24, 2026
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What Affects Average Oklahoma Home Insurance Costs?
Oklahoma home insurance costs vary based on multiple factors. Your location, coverage limits, home construction materials, insurance company, credit score and past claims all influence your premium. These elements work together to determine what you'll pay for coverage.
Average Oklahoma Home Insurance Cost by City
Oklahoma City residents pay the highest annual premiums at $8,766, while Tulsa homeowners enjoy the lowest rates at $6,542. The $2,224 difference reflects varying tornado exposure and property values across metro areas. Suburban communities like Newalla ($8,610) and Noble ($8,718) face rates similar to Oklahoma City due to comparable storm risks.
| Broken Arrow | $564 | $6,768 |
| Choctaw | $708 | $8,501 |
| Newalla | $717 | $8,610 |
| Noble | $727 | $8,718 |
| Oklahoma City | $730 | $8,766 |
| Ratliff City | $639 | $7,669 |
| Stillwater | $594 | $7,127 |
| Tulsa | $545 | $6,542 |
| Turpin | $714 | $8,568 |
Average Oklahoma Homeowners Insurance Pricing by Coverage Level
Insurance costs scale with coverage limits, from $3,689 annually for basic protection to $26,074 for comprehensive coverage. Homeowners choosing $500,000 dwelling coverage pay $14,077 yearly, nearly four times the entry-level rate. The jumps reflect increased insurer risk exposure as policy limits rise.
| $100K Dwelling / $50K Personal Property / $100K Liability | $307 | $3,689 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $640 | $7,683 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $1,173 | $14,077 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $1,683 | $20,192 |
| $1MM Dwelling / $500K Personal Property / $1MM Liability | $2,173 | $26,074 |
Average Cost of Oklahoma Home Insurance by Company
Premium differences across Oklahoma insurers exceed $1,500 monthly. The Hanover's $1,905 monthly rate exceeds State Farm's $268 average, although coverage levels and underwriting standards vary.
| State Farm | $268 | $3,220 |
| Allstate | $292 | $3,508 |
| USAA | $388 | $4,656 |
| Shelter | $458 | $5,501 |
| Oklahoma Farm Bureau | $464 | $5,570 |
| Chubb | $602 | $7,219 |
| Farmers | $744 | $8,933 |
| The Hanover | $1,905 | $22,861 |
Oklahoma Homeowners Insurance Costs by House Age
Home age creates a $2,626 annual cost gap between new and old properties in Oklahoma. Insurance for older homes runs $634 monthly compared to $415 for newer homes. The increase reflects higher risks from outdated wiring, aging roofs and plumbing systems more prone to weather damage.
| Newer | $415 | $4,977 |
| Older | $634 | $7,603 |
| Middle Age | $640 | $7,683 |
Average Oklahoma Home Insurance Cost by Credit Score
Your credit score directly impacts your Oklahoma home insurance costs. Insurers view higher credit scores as lower risk, resulting in reduced premiums. Annual rates range from $3,048 to $14,217 based on your credit profile.
| Excellent | $254 | $3,048 |
| Good | $640 | $7,683 |
| Below Fair | $779 | $9,350 |
| Poor | $1,185 | $14,217 |
Why Is Home Insurance So Expensive in Oklahoma?
Oklahoma ranks as the second most expensive state for home insurance, with premiums 122% above the national average. Several state-specific factors drive these elevated costs.
Tornado Alley Location
Oklahoma sits in the heart of Tornado Alley, experiencing an average of 59 tornadoes annually according to the National Oceanic and Atmospheric Administration. This extreme weather pattern creates constant property damage risk, forcing insurers to raise rates to cover potential payouts.
Severe Hail Events
Beyond tornadoes, Oklahoma faces intense hailstorms that cause billions in property damage. These storms damage roofs, siding, windows and vehicles, leading to massive claim volumes that insurers offset through higher premiums.
Rising Construction Costs
Rebuilding expenses in Oklahoma have climbed steadily, with labor and materials becoming increasingly expensive. When insurers calculate replacement costs, they factor in current construction prices. Higher coverage requirements translate directly into higher premiums for Oklahoma policyholders.
Tips to Save on Oklahoma Home Insurance
Oklahoma homeowners face steep insurance costs, making it essential to find the cheapest home insurance in Oklahoma available. These proven strategies can help you lower your premiums and protect your budget.
- 1Calculate Coverage Needs
Match your dwelling coverage to current reconstruction costs rather than your home's market value. Document your belongings with photos and receipts to determine accurate personal property limits.Â
Oklahoma homeowners in tornado-prone areas should evaluate water backup coverage and extended replacement cost options.
- 2Research Rates and Discounts
Get cost estimates using MoneyGeek's Oklahoma home insurance calculator based on your property's characteristics. Request discount information when gathering quotes: security systems, storm shutters, smoke detectors and claim-free histories can reduce premiums. Moore and other high-risk areas particularly benefit from protective device discounts.
- 3Compare Multiple Providers
Request quotes from three to five insurers, evaluating coverage quality alongside price. Check customer satisfaction scores, claims processing speed and financial stability ratings through AM Best or J.D. Power.
- 4Bundle Home and Auto
Combine your home and auto policies with one carrier to unlock bundling discounts. Oklahoma residents save 10% to 25% through multi-policy arrangements. This strategy works best for Oklahoma City and suburban homeowners who maintain multiple vehicles.
- 5Lower Your Risk Profile
Install safety features like smoke detectors, security systems and storm shutters to qualify for premium reductions. Maintaining a claim-free record saves $1,223 to $2,252 annually compared to filing claims. Improving credit from below fair to good saves approximately 18% on premiums in Oklahoma.
CONSIDER INCREASING YOUR DEDUCTIBLE
Raising your deductible from $1,000 to $2,500 or $5,000 can reduce your annual premium by 15% to 30%. Oklahoma homeowners who can afford higher out-of-pocket costs during claims benefit from immediate monthly savings. This strategy works best if you maintain an emergency fund covering your deductible amount. Calculate whether your annual savings justify the increased financial responsibility when filing claims.
Calculate Oklahoma Homeowners Insurance Costs: FAQ
Oklahoma homeowners insurance costs depend on many factors specific to your home and location. The FAQs below help you understand what affects your rates and estimate potential premiums in the state.
How much will my premium increase after filing a claim in Oklahoma?
Filing a claim in Oklahoma increases your homeowners insurance premium by $1,223 after one claim and $2,252 after two claims compared to claim-free customers. Oklahoma homeowners without claims pay $7,683 annually on average.Â
One claim raises your rate to $8,906 per year. Two claims bump your annual premium to $9,935. Claims remain on your record for five years, meaning you'll face these elevated rates throughout that entire period.
How much can I save by choosing a different insurer in Oklahoma?
Oklahoma homeowners can save thousands annually by shopping around for insurance. State Farm offers the most affordable rates at $268 per month, while The Hanover charges $1,905 monthly for comparable coverage.
Shelter costs $458 monthly compared to Oklahoma Farm Bureau's $464, creating a $6 monthly difference. These variations add up quickly over time, making comparison shopping essential for your budget. Compare quotes from at least three insurers to find the best rate for your situation.
Do I need flood insurance in Oklahoma?
Standard Oklahoma home insurance policies exclude flood damage coverage. Homeowners in flood-prone areas near rivers or low-lying regions should purchase separate flood insurance through the National Flood Insurance Program or private insurers.
Why does home insurance cost more for older homes in Oklahoma?
Home insurance costs jump for older properties in Oklahoma. A newer home built around 2020 averages $4,977 annually in premiums. In contrast, an older home from the 1980s costs approximately $7,603 per year. This creates a $2,626 annual difference between the two.
Middle-aged homes from around 2000 fall between these extremes at $7,683 yearly.
Insurance companies charge higher rates for older homes due to several risk factors.
How can I lower my home insurance costs in Oklahoma?
Maintaining a claim-free record for five years saves you $1,223 annually compared to filing one claim and $2,252 versus filing two claims.
Raising your deductible from $500 to $1,000 reduces your premium by $558 each year. While you'll pay more out of pocket during a claim, these annual savings accumulate over time.
Contact insurers about available discounts for bundling policies, installing security systems, or owning a newer home. Even modest discounts can meaningfully reduce your annual premium costs.
How We Analyzed Oklahoma Home Insurance Rates
MoneyGeek calculated Oklahoma home insurance estimates by analyzing real rate data across different risk factors. This approach shows how your specific situation affects what you pay for coverage.
We based our calculations on a standard homeowner profile: $250,000 dwelling coverage, $125,000 personal property coverage, $200,000 liability coverage, and a $1,000 deductible. The analysis assumes a home built in 2000 with frame construction, composition roof, and no claims filed in the past five years.
This profile represents typical Oklahoma homeowners and reflects median home values across the state. The 2000 construction year captures the most common home age category in Oklahoma, making our comparisons more relevant to actual residents.
Our analysis isolated each factor's impact by changing one element while keeping everything else the same. For example, when studying how home age affects rates, we compared identical policies for homes built in 1980, 2000, and 2020. This method reveals exactly how much each factor influences your premium.
Your actual rates will vary depending on your home's construction, roof condition, location, coverage amounts, claims history, credit score, and chosen insurance company. These rate differences show which factors matter most when you shop for Oklahoma home insurance.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. He has analyzed the insurance market for over five years, conducting original research for insurance shoppers. His insights have been featured in CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
He writes about economics and insurance, breaking down complex topics so people know what they're buying.
sources
- NOAA. "National Weather Service." Accessed January 5, 2026.