Updated: October 8, 2025
Advertising & Editorial Disclosure
Oklahoma homeowners insurance costs $5,917 on average in 2024, more than double the national average of $2,423.
Your credit rating impacts premiums more than any other factor besides coverage amount. The difference in premiums for homeowners with poor credit versus excellent credit averages $13,778. Your insurance provider also affects premium costs. If your rates recently increased, we've analyzed the cheapest home insurance in Oklahoma.
MoneyGeek’s home insurance calculator will give you a ballpark estimate of your cost — It's free to use, requires no personal information and we won't send you any spam.
Rates updated:
Oct 24, 2025
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Table of Contents
To establish the average cost of homeowners insurance in Oklahoma, MoneyGeek used quotes from various providers for a profile that reflects the average homeowner.
These rates reflect the average cost of home insurance in Oklahoma as of 2024.
Oklahoma homeowners insurance costs $5,917 on average for a policy with $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage. This is more than the national average of $2,423.
Your policy should cover enough to rebuild your home and replace your belongings. Learn more about how much coverage you need. A policy with $100,000 in dwelling coverage costs $2,951 annually, while coverage for a home valued at $500,000 has an annual premium of $10,557.
| $100K Dwelling / $50K Personal Property / $100K Liability | $2,951 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $5,917 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $10,557 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $14,975 |
For comparable coverage, Oklahoma homeowners insurance premiums differ widely among providers. One insurer offers a policy significantly below the state average, while another presents a quote that far exceeds it.
Review the best homeowners insurance in Oklahoma to find the right fit. Differences in underwriting create substantial variations in premium costs, so compare options.
| Oklahoma Farm Bureau | $3,218 |
| Allstate | $3,893 |
| Shelter | $4,239 |
| State Farm | $4,987 |
| Chubb | $5,534 |
| USAA | $6,101 |
| Farmers | $7,438 |
| The Hanover | $11,923 |
Oklahoma homeowners with excellent credit pay $3,941 annually on average for homeowners insurance, which is $1,976 less than the state average. Those with poor credit face an average cost of $17,719, $11,802 above the average. Credit scores directly affect insurance rates based on the insurer's financial reliability assessment.
You can't enhance your credit score overnight, but gradual improvements lead to lower insurance costs. Compare insurers to reveal more affordable options. Discover the most affordable Oklahoma home insurers in less than 15 minutes.
| Poor | $17,719 |
| Below Fair | $11,716 |
| Fair | $8,750 |
| Good | $5,917 |
| Excellent | $3,941 |
Roofing materials affect homeowners insurance costs, though not as much as other factors. Oklahoma homes with tile roofing cost less to insure because they're more durable, with premiums averaging $5,438. Properties with shake-treated roofs face higher costs at around $6,348 per year.
Construction materials also affect insurance pricing due to their durability and damage resistance. Superior construction materials that resist perils like fire result in more affordable premiums, averaging $5,629 per year. Standard frame construction homes have higher average annual premiums at approximately $5,917.
Use the drop-downs in the table to see how premiums change based on your home's materials:
| $100K Dwelling / $50K Personal Property / $100K Liability | $2,951 |
| $250K Dwelling / $125K Personal Property / $200K Liability | $5,917 |
| $500K Dwelling / $250K Personal Property / $300K Liability | $10,557 |
| $750K Dwelling / $375K Personal Property / $500K Liability | $14,975 |
| $1M Dwelling / $500K Personal Property / $1M Liability | $19,370 |
New construction homes in Oklahoma cost $3,847 annually to insure on average, much lower than the $5,917 average for existing homes. Modern materials and current building codes create this cost difference. The table displays how premiums vary between new and existing homes based on coverage amount:
| Existing Construction (2000) | $5,917 |
| New Construction (2023) | $3,847 |
Oklahoma homeowners with a claim-free record for at least five years pay $5,917 annually on average for insurance. Filing one claim raises that average to $6,465, while two claims raise it to $7,753 annually. Maintaining a claim-free history keeps your insurance costs closer to the baseline average.
| Claim free for 5+ years | $5,917 |
| 1 claim in past 5 years | $6,465 |
| 2 claims in past 5 years | $7,753 |
Tornadoes and wildfires hit Oklahoma homes hardest. Homeowners insurance covers damage from tornadoes and wildfires, but always check if your policy covers these and other natural disasters.
Premiums range from $4,919 to $6,812 in the cities we analyzed. Broken Arrow's annual premium is $5,035, while Oklahoma City's is higher at $6,812. Tulsa has the lowest premium at $4,919. Location impacts premiums due to local weather risks and crime rates. City-based pricing variations are significant but not as influential as credit rating or coverage amount.
| Broken Arrow | $5,035 |
| Norman | $6,549 |
| Oklahoma City | $6,812 |
| Tulsa | $4,919 |
Shop for Oklahoma home insurance by understanding the factors that affect your premium. Find the best deal with these steps:
Bundle home and auto insurance for discounts.
Ask about safety features and loyalty discounts.
A higher deductible means lower premiums.
Pick the best option and buy your policy.
Oklahoma homeowners save by bundling their home and auto insurance policies. Oklahomans save $618 to $1,660 per year on average, which translates to 15% savings. Bundling reduces the combined cost of auto and home insurance premiums. Review the best and cheapest home and auto bundle companies in Oklahoma to learn how to get the most out of multipolicy discounts.
Oklahoma homeowners can lower insurance premiums with these discounts:
Inquire about all available discounts when obtaining a quote.
MoneyGeek's experts answered common questions about Oklahoma homeowners insurance:
Oklahoma Farm Bureau is the cheapest homeowners insurance provider in Oklahoma, with a premium of $3,218. Explore cheap national providers here for more affordable options.
Oklahoma homeowners insurance covers tornadoes, a common natural disaster in the state. If you're concerned about other natural disasters, look into other insurance products.
Credit rating impacts Oklahoma homeowners insurance prices most, with a difference of $13,778 between excellent and poor credit.
Oklahoma homeowners save about 15% on average by bundling homeowners and auto insurance.
These resources assist you in making informed decisions about Oklahoma homeowners insurance:
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like 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!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
