The Best Homeowners Insurance Companies in Oklahoma (2022)
To find the best home insurance companies in Oklahoma, you should consider the insurer’s affordability, financial stability, customer service and claims experience. MoneyGeek compared the top insurance providers in the state based on these factors and found that Chubb is the best company overall. However, the ideal option for you will depend on your specific needs.
In Oklahoma, Chubb is the best overall insurance provider. It’s also best for service quality. State Farm is the best for expensive homes and bundling, while USAA is ideal for veterans.
MoneyGeek used its unique scoring system to evaluate the best home insurance companies in Oklahoma for various types of homeowners. We also reviewed their available coverages and discounts to help you find the best options.
If you’re more concerned with savings than service quality, MoneyGeek also analyzed the cheapest home insurance companies in Oklahoma.
The Best Homeowners Insurance in Oklahoma
The Best Overall Homeowners Insurance Companies in Oklahoma
Homeowners insurance is essential for protecting your personal residence from the unexpected. To help you find the best home insurance companies in Oklahoma, MoneyGeek rated insurers based on customer satisfaction, claims reputation, affordability and financial stability.
According to our ratings, the best home insurance companies in Oklahoma are:
- Chubb: MoneyGeek score of 85 out of 100
- State Farm: MoneyGeek score of 84 out of 100
Despite receiving the highest overall score, USAA was excluded from the rankings since it is only available to military members, veterans and their families. The insurer scored 96 out of 100, making it the best company in the state for those eligible for its policies.
MoneyGeek broke down why Chubb and State Farm scored highest in Oklahoma, noting the unique coverages and discounts offered by these insurers.
The Top Home Insurance Companies in Oklahoma
Chubb received the highest rating for financial stability and affordability. A policy from this insurer has an average cost of $1,464 per year in Oklahoma. Furthermore, Chubb offers unique coverages like cash settlement coverage.
Chubb offers rare add-on coverages, including cash settlement coverage. In the event of a total loss, the insurer will provide a cash settlement up to your policy limit if you choose not to rebuild or to rebuild at another location. Chubb also provides significant discounts if, for instance, you live in a gated community.
State Farm ranked as the second best home insurer in Oklahoma, receiving a perfect score in financial stability. It offers policies at an average of $2,582 per year. Moreover, the company provides rare additional coverages, like energy efficiency upgrade coverage.
A State Farm policyholder can choose to add unique coverages to their policy for extra protection. You may purchase an energy efficiency upgrade coverage, which will pay for the additional cost to replace lost equipment with more energy-efficient alternatives. You can also get additional protection for damage due to an earthquake or volcanic eruption with State Farm’s earthquake coverage.
To determine the best home insurance nationally and in Oklahoma, MoneyGeek collected quotes from insurers across the country and balanced them against property claims rating and customer satisfaction scores from J.D. Power.
That said, your costs and customer experience may vary depending on your situation. Make sure to read MoneyGeek’s methodology for more information.
The Best Homeowners Companies in Oklahoma for Service Quality
Some homeowners prioritize service quality over affordability, so MoneyGeek ranked the best home insurance companies in Oklahoma based entirely on customer satisfaction and claims experience.
The top insurers in the state for quality service are:
- Chubb: MoneyGeek score of 82 out of 100
- State Farm: MoneyGeek score of 81 out of 100
While USAA got a score of 100 out of 100, it was excluded from our rankings because it is only available for military families.
MoneyGeek broke down why Chubb and State Farm scored highest for homeowners who want excellent service quality regardless of insurance rates.
The Top Home Insurance Companies in Oklahoma for Quality Service
Chubb is the best home insurance company in Oklahoma in terms of service quality, receiving a higher claims rating score than customer satisfaction score. This means the insurer provides great service when customers need to make a claim.
Chubb offers rare coverages that you can add to your policy. One of these additional coverages is risk consulting coverage, which allows the company’s highly trained consultants to assess your home and ensure you’re fully protected. Another unique add-on is cash settlement coverage, which Chubb will offer if you decide not to rebuild your home or if you rebuild at another location after a covered loss.
State Farm ranked as the second-best home insurer in Oklahoma for service. It received a higher score on customer satisfaction than claims, which means the company has high-quality policy offerings and processes.
If you want extra protection for your personal residence, State Farm has unique coverages that you can purchase. Mold coverage will protect you against mold damage for up to $20,000, while loss assessment coverage will cover a portion of your covered loss if you’re a member of a homeowners association (HOA).
The Best Homeowners Companies in Oklahoma on a Budget
If you want stellar service but are focused on saving money, MoneyGeek can help you find the best options in your state.
We determined that the best home insurance companies in Oklahoma for affordability are:
- Chubb: MoneyGeek score of 93 out of 100
- Allstate: MoneyGeek score of 88 out of 100
While USAA received a score of 93 out of 100, it was not included in our rankings due to its limited availability.
In Oklahoma, Chubb offers insurance at an average of $1,464 per year. Allstate’s policies cost an average of $2,041 per year. MoneyGeek evaluated why Chubb scored highest for homeowners on a budget by listing the unique coverages and discounts offered by the insurer.
The Top Home Insurance Companies in Oklahoma on a Budget
Affordable home insurance coverage is at an average of $1,464 per year
Discounts include gated community, bundling and home renovation
Customer satisfaction rating is 3.77 out of 5
Chubb scored highest in affordability among the best home insurance companies in Oklahoma. It offers discounts for various reasons, like if you have a newly constructed home or if you’re claims-free for a certain period of time. You can also get a discount by bundling your home and auto insurance policies.
Furthermore, the company has a rare discount called gated community. This allows you to save money if you’re a Chubb policyholder living in a gated community.
The Best Homeowners Companies in Oklahoma for Expensive Homes
In Oklahoma, expensive homes tend to need additional coverage since they cost more to rebuild. To determine the top providers in the state for expensive homes, MoneyGeek weighed the cost of a policy with $2 million in coverage against customer satisfaction.
Based on these factors, the best home insurance companies in Oklahoma for expensive homes are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 82 out of 100
Excluded from the ranking is USAA, which only offers its policies to military members, veterans and their families. It scored 100 out of 100, making it the best insurer for those who are eligible.
MoneyGeek examined why State Farm scored highest for homeowners with expensive homes, noting the insurer’s unique coverages that can help customers who need additional protection.
The Top Home Insurance Companies in Oklahoma for High-Value Homes
Customer satisfaction rating is 4.09 out of 5
It doesn’t offer coverage for extended reimbursement and contents replacement cost
It ranked fifth out of the seven companies evaluated for affordability
State Farm received a high customer satisfaction score. While it may not be the cheapest company in Oklahoma for high-value homes, it provides stellar service to its customers.
Furthermore, State Farm offers coverages that are best suited for high-value homeowners, such as cyber event/ID theft and scheduled personal property. The former provides reimbursement for policyholders whose identities were used in fraudulent crimes. Meanwhile, the latter offers additional protection for your valuables at home, including jewelry and furs, silverware and goldware as well as firearms.
The Best Homeowners Companies in Oklahoma for Veterans
While there are other insurers that offer discounts for military families, USAA is the best home insurance company in Oklahoma for active military members and veterans. It stands out because it tailors its service to current and former military members as well as their families.
USAA received a MoneyGeek score of 96 out of 100, enjoying a perfect rating on customer satisfaction and financial stability. In addition, it has a high score for affordability. The company offers policies at an average of $2,390 per year.
The Top Home Insurance Companies in Oklahoma for Veterans
Coverage is tailored to military families
Customer satisfaction rating of 5 out of 5
MoneyGeek affordability score of 4.38 out of 5
Not available if you don’t have a military background
USAA has a high customer satisfaction and affordability rating. This means that its policyholders are assured of affordable insurance rates and high-quality service.
One thing to note about USAA policies is that they include contents replacement cost coverage. This covers the cost of replacing your personal belongings with no depreciation. The company also offers optional coverages, such as earthquake and home rental coverages. Earthquake coverage protects you from expenses against damage caused by earthquakes, while home rental coverage protects you if you rent out your home.
The Best Homeowners Companies in Oklahoma for Bundling
Typically, bundling insurance is one way to save money. If you want to pair the best car insurance in Oklahoma with the state’s best home insurance policy, MoneyGeek can help you choose the right provider.
The best home and auto insurance bundles in Oklahoma are:
- State Farm: MoneyGeek score of 85 out of 100
- Allstate: MoneyGeek score of 81 out of 100
Choosing to bundle your policies can give you extra discounts. It also makes the process of handling your home and auto insurance more convenient.
The Top Home Insurance Companies in Oklahoma for Bundling
Home insurance MoneyGeek score of 4.18 out of 5
30% bundling discount
Auto insurance MoneyGeek score of 3.98 out of 5
While State Farm only received a 3.98 rating for auto insurance, it has a 4.18 rating for home insurance. With State Farm, you can get a 30% discount when you bundle your policies.
Aside from discounts, State Farm also offers unique optional coverages for additional protection. Among them are home rental coverage and vacancy coverage. Home rental coverage provides property and liability coverage if you rent out your home for more than 30 nights in a 12-month period. Meanwhile, vacancy coverage protects your property from vandalism or glass breakage if it has been empty for more than a month.
Additionally, State Farm offers rideshare insurance for its auto insurance policyholders. This is best suited for those who want coverage for medical, emergency roadside assistance and rental car reimbursement while working for a rideshare company.
How to Find the Best Home Insurance in Oklahoma
When shopping for home insurance in Oklahoma, you need to make sure that the insurer’s rates, service reputation and financial stability are balanced. MoneyGeek collected this information for you and determined the best home insurance companies in Oklahoma. That said, you can do your own research using the steps outlined below.
Research Customer Service Reputations in Oklahoma
MoneyGeek gathered information on customer service reputations of home insurers in Oklahoma in order to save you time. However, you can still do your own research and look up the J.D. Power satisfaction scores and NAIC complaint ratios of providers that were not included in our evaluations. Visiting Oklahoma’s Department of Insurance website can also help with your research.
Compare Quotes for Yourself
The home insurance quotes used by MoneyGeek for this guide are for sample homeowners in most of Oklahoma. This means they’re not applicable everywhere. When looking for home insurance, make sure to compare quotes from at least three insurers so you can get a good idea of how much you’ll pay for a policy.
Make Sure the Company Has Coverages You Want in Oklahoma
Insurance providers will advertise certain coverages or discounts that they offer. However, some of these offerings aren’t available to every state. As a result, you should confirm with insurers if they offer the coverage and discounts you need.
Double-Check Financial Stability Ratings
When shopping for home insurance, make sure to check the insurer’s financial strength. This will tell you if the company can pay you if you make a claim. Larger insurance companies are usually financially stronger, while regional insurance companies in Oklahoma may have lower ratings.
FAQs About the Best Home Insurance in Oklahoma
The best home insurance in Oklahoma is the one that fits your needs and situation as a homeowner. MoneyGeek answered some frequently asked questions to help you find the best option for you.
MoneyGeek scores for homeowners insurance in Oklahoma were calculated by using a scaled and weighted average of J.D. Power Property Claims and Customer Satisfaction Scores, real homeowners insurance quotes and financial stability ratings from A.M. Best. Our scoring system weighted J.D. Power scores 60%, affordability 30% and financial stability 10%, adjusting weightings in the sections focused on affordability and service experience specifically.
MoneyGeek analyzed homeowners insurance quotes from the top insurance companies in Oklahoma that were provided in partnership with Quadrant. Our analysis includes quotes from ZIP codes across Oklahoma. Quotes were gathered with an average home profile of 2,500 square feet, built in 2000, with an average dwelling coverage value of $100,000, liability coverage of $100,000 and personal property coverage of $100,000.
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