Updated: January 13, 2026
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State Farm offers the cheapest homeowners insurance in Oklahoma, with average rates of $3,220 per year.
State Farm, Allstate, USAA, Shelter and Oklahoma Farm Bureau cost 28% to 58% below the $7,683 state average.
Bundle your home and auto insurance policies to save 10% to 25% on premiums — one of the biggest discounts Oklahoma insurers offer.
State Farm is the cheapest home insurance company in Oklahoma at $3,220 per year. Allstate ranks second at $3,508 annually and covers all Oklahoma residents. The five most affordable insurers deliver savings between $2,114 and $4,463 compared to the state average.
| State Farm | $268 | $3,220 | -58% |
| Allstate | $292 | $3,508 | -54% |
| USAA | $388 | $4,656 | -39% |
| Shelter | $458 | $5,501 | -28% |
| Oklahoma Farm Bureau | $464 | $5,570 | -28% |
*The rates above are for homeowners ages 41 to 60 with good credit and no claims history. Quotes are for a home built in 2000 insured for $250,000 in dwelling coverage, $125,000 in personal property coverage and $200,000 in liability coverage with a $1,000 deductible.
According to our cost research, State Farm offers the most affordable coverage across four categories: older homes, young homeowners, senior homeowners and high-risk fire homes. Allstate provides the lowest rates for smaller and larger homes, while USAA leads for newer homes at $1,942 annually.
| Older Homes | State Farm | $3,274 |
| Newer Homes | USAA | $1,942 |
| Young Homeowners | State Farm | $3,214 |
| Senior Homeowners | State Farm | $3,208 |
| High-Risk Fire Homes | State Farm | $3,608 |
| Smaller Homes | Allstate | $2,821 |
| Larger Homes | Allstate | $3,941 |
The cheapest company may not be your best fit. Customer service quality, coverage options and claims handling matter beyond price. Our guide to the best home insurance companies in Oklahoma compares insurers across these factors.
Risk factors differ by location, so insurers price policies differently across Oklahoma. State Farm offers the cheapest rates in Choctaw and Newalla, while Allstate provides lower premiums in Broken Arrow and Tulsa.
| Broken Arrow | Allstate | $2,991 |
| Choctaw | State Farm | $3,199 |
| Newalla | State Farm | $3,161 |
| Noble | State Farm | $3,161 |
| Oklahoma City | State Farm | $3,181 |
| Ratliff City | State Farm | $3,242 |
| Stillwater | State Farm | $3,243 |
| Tulsa | Allstate | $2,933 |
| Turpin | State Farm | $3,242 |
For basic coverage at $100,000 dwelling, $50,000 personal property and $100,000 liability, State Farm offers the lowest premiums in Oklahoma. Allstate provides the most affordable rates for mid-range and high-value homes, and it is also the cheapest option for $1 million dwelling, $500,000 personal property and $1 million liability level.
| State Farm | $142 | $1,707 |
| Shelter | $181 | $2,172 |
| USAA | $181 | $2,173 |
| Oklahoma Farm Bureau | $221 | $2,648 |
| Allstate | $237 | $2,840 |
Oklahoma homeowners can cut their insurance costs by hundreds of dollars annually through discounts, higher deductibles and smart home improvements.
Combine your home and auto insurance with the same company to save 10% to 25% on both policies. State Farm, Allstate and Progressive offer bundle discounts to Oklahoma homeowners.
Raise your deductible to lower your annual premium, though you'll pay more out of pocket when filing a claim. Choose a deductible amount you can afford if you need to file a claim.
Oklahoma allows insurers to use credit-based insurance scores when setting rates. Improving your credit score can save you hundreds of dollars annually on your home insurance premium.
Filing multiple claims within three years triggers rate increases. Use homeowners insurance for major losses rather than small repairs you can afford.
Contact your insurer to find all discounts you qualify for beyond bundling. Review your policy annually to add new discounts as your situation changes.
Frequently asked questions about the cheapest home insurance in Oklahoma:
Standard homeowners insurance in Oklahoma covers tornado damage to your home and belongings. Watch for high deductibles or specific exclusions in your policy. Oklahoma's tornado activity makes this protection crucial for your home.
Oklahoma doesn't mandate flood insurance statewide. Your mortgage lender requires it only if your home sits in a FEMA high-risk flood zone. Standard homeowners insurance excludes flood damage, so buying coverage protects you from substantial out-of-pocket costs even outside high-risk areas.
Replacement cost coverage pays today's prices to replace damaged property with no depreciation deduction. Actual cash value coverage factors in depreciation, reducing your payout based on your property's age and condition. Most Oklahoma lenders mandate replacement cost coverage to guarantee sufficient rebuilding funds.
You can cancel your Oklahoma home insurance when needed, though insurers may charge fees and provide prorated refunds. Your mortgage lender requires continuous coverage proof, so secure replacement insurance before canceling your current policy.
Our rate analysis reflects what most Oklahoma homeowners need: standard coverage for a typical single-family home built within the past 25 years.
We collected quotes from major insurers using a consistent homeowner profile across Oklahoma. This approach shows how each company prices the same coverage by removing variables that make direct comparisons difficult. The base profile represents the most common home insurance scenario in Oklahoma.
Standard Coverage Profile:
For specialty scenarios like older homes, high-value properties and rural locations, we adjusted variables from this base profile while keeping other factors constant. This shows how specific characteristics affect your rate compared to the standard homeowner.
These figures are estimates based on statewide averages. Your actual premium depends on your home's location, age, construction type and your claims history. Compare quotes from at least three insurers to find your lowest rate.
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.
