The Best Cheap Homeowners Insurance in Tulsa, Oklahoma for 2024: Quotes and Reviews

For an average homeowner looking for cheap homeowners insurance with $100,000 dwelling coverage limits, the best options in Tulsa are:

• Chubb: $1,217 per year
• Farmers: $1,548 per year

The more expensive your home, the higher your home insurance premium. The most affordable providers for homeowners with a policy that has dwelling coverage worth $2,000,000 are:

• Farmers: $9,233 per year
• Chubb: $16,131 per year

The table below shows how prices may change depending on your dwelling coverage limits.

For standard policies with initial baseline dwelling coverage, the personal property limit is $40,000. Policies with dwelling coverage worth $2,000,000 have $800,000 personal property coverage limits. The liability coverage for all policies, regardless of personal property limits, is $100,000.

If you live in a city other than Tulsa, you may benefit from learning more about homeowners insurance rates in Oklahoma.

The average cost of homeowners insurance in Tulsa is $2,133 per year. That means Tulsa homeowners typically pay premiums lower than state and national averages. The average rate in the state is $2,520, while the national average is $2,103

Where you live can affect your homeowners insurance Tulsa rates. Other factors, like dwelling coverage limits, personal property coverage limits and credit score, can also impact your premiums. Use MoneyGeek’s calculator to compare home insurance quotes in your state.

Cost is a key factor to consider when looking for a homeowners insurance policy. However, you can also benefit from assessing each company’s customer service and financial stability. Most people only ever file claims during stressful and chaotic times, so it’s important to choose a provider with a quick and fair claim process.

When it comes to price, financial stability and customer service, MoneyGeek found that the best homeowners insurance companies in the city are:

• Best Overall: Chubb
• Runner-up: Farmers

In calculating final scores, MoneyGeek used a unique rating system based on affordability, user satisfaction and financial stability ratings.

On average, homeowners insurance in Tulsa for newly constructed homes cost $1,515 per year, significantly less than the $2,133 average premium for a house built in 2000. In general, recently built homes tend to be cheaper to insure, as they have lower repair costs and are usually made with more damage-resistant materials.

The most affordable insurance companies in Tulsa for new homes with $100,000 dwelling coverage limits are:

• Chubb: $989 per year
• Farmers: $1,288 per year

Homeowners insurance in Tulsa also includes personal property coverage for items you keep at home. You can increase your coverage limits to cover more expensive belongings, but your homeowners insurance costs will be higher. A policy with personal property limits of $250,000 costs $2,255 on average, compared to the $2,133 annual average for $100,000 in personal property coverage limits.

Based on average rates, the cheapest companies for a policy with high personal property limits are:

Chubb: $1,527 per year Farmers: $1,604 per year

Your deductible has a significant impact on your homeowners insurance Tulsa rates. Higher deductibles mean lower insurance premiums because you’ll pay more out-of-pocket money if you make a claim. A standard policy with a $2,000 deductible costs an average of $1,840 in Tulsa, while the average rate for a $1,000 deductible is $2,133.

The most affordable homeowners insurance providers in Tulsa for a high deductible policy are:

• Chubb: $1,040 per year
• Farmers: $1,499 per year

Your credit score will also affect the cost of your homeowners insurance in Tulsa. Insurance companies tend to charge more to homeowners with low credit scores. For instance, the average cost of insurance for a homeowner with good credit is $2,133 per year. The average for homeowners with poor credit scores is $4,439, more than double the cost.

If you have a low credit score, the cheapest insurance companies in Tulsa are:

• Chubb: $2,226 per year
• Travelers: $3,613 per year

Certain information is needed to get accurate homeowners insurance quotes in Tulsa:

• Home replacement cost –This refers to the estimated cost to rebuild your home if it’s damaged by a covered peril. To find out the replacement cost, you may have to hire a building contractor, appraiser or construction professional.
• Personal property value – How much your personal belongings are worth will determine your personal property coverage limits, which affects the cost of your insurance.
• Personal information – Insurance carriers will ask for your address. You may also need to disclose who lives in your home, your insurance history, credit score and other personal details.
• Information about your house – Insurance companies will need to know details like when your home was built, how big it is and what safety devices you have.

For this study, MoneyGeek analyzed average insurance rates from eight companies in Tulsa. All data was collected in partnership with Quadrant. In calculating affordability scores, MoneyGeek used quotes for policies with varying coverage levels. For instance, the base profile is for a 2,500-square-foot home built in 2000. The policy has a dwelling coverage of $100,000, personal property coverage of $40,000 and liability coverage of $100,000. The deductible is $1,000. For the customer satisfaction ratings, MoneyGeek used data from J.D. Power surveys.

MoneyGeek also collected average insurance rates for homeowners with newly constructed homes, higher dwelling coverage, increased personal property coverage limits, higher deductibles and low credit scores.