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: August 13, 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 Oklahoma 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:
Aug 13, 2026
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What Affects Average Oklahoma Home Insurance Costs?
Oklahoma home insurance costs vary by location, coverage limits, home construction materials, insurer, credit score and claims history. Each factor affects your premium independently and in combination.
Average Oklahoma Home Insurance Cost by City
Oklahoma City has the highest annual premiums in Oklahoma at $8,766. Tulsa has the lowest at $6,542. The $2,224 gap reflects differences in tornado exposure and property values across metro areas. Suburban communities like Newalla ($8,610) and Noble ($8,718) pay rates close to Oklahoma City because of comparable storm risk.
| 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
Coverage limits push Oklahoma home insurance costs up, from $3,689 a year for basic coverage to $26,074 for the highest tier. Homeowners with $500,000 in dwelling coverage pay $14,077 a year, nearly four times the entry-level rate. The insurer's potential payout on a claim rises with higher limits, and that's what pushes premiums up at each tier.
| $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
Oklahoma home insurance rates vary by more than $1,600 per month across insurers. Hanover averages $1,905 per month, while State Farm averages $268 per month for comparable coverage. Differences in coverage levels and underwriting standards account for most of the gap.
| 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 costs $634 monthly. Insurance for newer homes costs $415 monthly. The increase comes from higher risks: 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. This reduces 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 is the second most expensive state for home insurance. Premiums run 122% above the national average. Several state-specific factors explain these high costs. Oklahoma homeowners face steep insurance costs.
Tornado Alley LocationOklahoma lies in the heart of Tornado Alley, experiencing an average of 59 tornadoes a year according to the National Oceanic and Atmospheric Administration. Constant property damage risk comes from this extreme weather pattern, and that pushes insurers to raise rates to cover potential payouts.
Severe Hail EventsIntense hailstorms that cause billions in property damage hit Oklahoma too, beyond tornadoes. Roofs, siding, windows and vehicles all take damage from these storms, and that leads to massive claim volumes insurers offset through higher premiums.
Rising Construction CostsLabor and materials keep getting more expensive, and rebuilding expenses in Oklahoma have climbed steadily as a result. Current construction prices get factored in when insurers calculate replacement costs. Higher coverage requirements translate directly into higher premiums for Oklahoma policyholders.
Tips to Save on Oklahoma Home Insurance
Find the cheapest home insurance in Oklahoma. These strategies help you lower your premiums and protect your budget.
- 1Calculate Coverage Needs
Base dwelling coverage on current reconstruction costs, not your home's market value. Document belongings with photos and receipts to determine accurate personal property coverage limits. Oklahoma homeowners in tornado-prone areas should evaluate water backup coverage and extended replacement cost options.
- 2Research Rates and Discounts
Use MoneyGeek's Oklahoma home insurance calculator to estimate costs based on your property's characteristics. Ask each insurer about available discounts when gathering quotes; security systems, storm shutters, smoke detectors and claim-free history can each reduce premiums. Homeowners in high-risk areas like Moore see the largest savings from protective device discounts.
- 3Compare Multiple Providers
Request quotes from three to five insurers and evaluate coverage quality alongside price. Check customer satisfaction scores, claims processing speed and financial strength ratings through AM Best or J.D. Power before deciding.
- 4Bundle Home and Auto
Bundling home and auto policies with one carrier saves Oklahoma residents 10% to 25% on premiums. The discount is most valuable for Oklahoma City and suburban homeowners who insure multiple vehicles with the same carrier. Compare bundling options across insurers before committing to one.
- 5Lower Your Risk Profile
Smoke detectors, security systems and storm shutters qualify for premium discounts with most Oklahoma insurers. A claim-free record saves $1,223 to $2,252 per year compared to policyholders with prior claims. Improving credit from below fair to good reduces premiums by approximately 18% in Oklahoma.
CONSIDER INCREASING YOUR DEDUCTIBLE
Raising your deductible from $1,000 to $2,500 or $5,000 reduces annual premiums by 15% to 30%. This works best for Oklahoma homeowners who maintain an emergency fund covering the deductible amount and can absorb higher out-of-pocket costs after a claim. Calculate whether the annual savings justify the higher deductible before making the change.
Calculate Oklahoma Homeowners Insurance Costs: FAQ
Oklahoma homeowners insurance costs depend on many factors specific to your home and location. Our FAQ helps you understand what affects your rates and estimate potential premiums in the state.
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.
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.
Save thousands annually by shopping around for insurance. State Farm has the most affordable rates at $268 a month, but The Hanover charges $1,905 a month for comparable coverage.
Shelter costs $458 a month compared to Oklahoma Farm Bureau's $464, a $6 monthly difference. These variations add up quickly over time, and that makes comparison shopping essential for your budget. Compare quotes from at least three insurers to find the best rate for your situation.
Standard Oklahoma home insurance policies exclude flood damage. Homeowners in flood-prone areas near rivers or low-lying regions should purchase separate flood insurance through the National Flood Insurance Program or a private insurer.
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.
A claim-free record maintained for five years saves you $1,223 a year compared to filing one claim and $2,252 versus filing two claims.
A deductible raised from $500 to $1,000 reduces your premium by $558 a year. You'll pay more out of pocket during a claim, but 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 noticeably reduce your annual premium costs.
How We Analyzed Oklahoma Home Insurance Rates
Actual rate data across different risk factors went into MoneyGeek's Oklahoma home insurance estimates. This approach shows how your specific situation affects what you pay for coverage.
A standard homeowner profile anchors these calculations: $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.
Typical Oklahoma homeowners are represented by this profile, and it reflects median home values across the state. The most common home age category in Oklahoma is captured by the 2000 construction year, and that keeps the comparisons relevant to actual residents.
Each factor's impact got isolated by changing one element and keeping everything else the same. For example, identical policies for homes built in 1980, 2000 and 2020 got compared to study how home age affects rates. 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 (P&C) Insurance Producer in Connecticut, is MoneyGeek's resident expert in insurance and economics. He has spent nearly a decade covering the market, first at LendingTree and now at MoneyGeek, where he analyzes hundreds of carriers and millions of rates across auto, home, renters, health and life insurance.
His work has appeared in The Washington Post, The New York Times and NPR. He draws on independent cost and consumer experience data, and no insurance company partnerships affect his recommendations.
Mark studied at Boston College before earning a master's in economics and international relations from Johns Hopkins University. Before MoneyGeek, he worked in financial risk management at State Street. He's also a five-time “Jeopardy!” champion.
Sources
- NOAA. "National Weather Service." Accessed January 5, 2026.