Home insurance costs about $584 monthly or $7,004 annually on average. Residents pay $364 more per month, or $4,370 more annually, than the national average, making it the most expensive state for home insurance.
Average Home Insurance Cost in Oklahoma
Updated: May 31, 2025
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Rates updated:
Jun 09, 2025
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Key Takeaways
Depending on your financial history, home details and other personal information, home insurance costs in Oklahoma can range from $4,154 to $73,279.
Oklahoma's home insurance premiums are the most expensive in the country, at 166% over the national average.
To find the best home insurance in Oklahoma, determine your coverage needs; research costs, providers and search for multiple quotes
How Much Is Home Insurance in Oklahoma?
| Oklahoma Average | $584 | $7,004 | 166% |
| National Average | $220 | $2,635 | 0% |
*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.
Average Home Insurance Cost by City
Home insurance costs vary depending on your city. Property age, weather-related factors and home valuations can drastically affect home insurance costs. For example, the average monthly home insurance cost in Broken Arrow is around $501; in Tulsa, it’s much higher at $514.
| Broken Arrow | $501 | $6,010 |
| Norman | $656 | $7,877 |
| Oklahoma City | $685 | $8,225 |
| Tulsa | $514 | $6,168 |
*These rates represent a home built in 2000 out of frame with $250K Dwelling, $125K Personal Property, and $200K Liability coverage with a $1,000 deductible.
Why Is Home Insurance so Expensive in Oklahoma?
Home insurance is expensive in Oklahoma mainly because of the increasing number of claims, the high risk of severe weather and natural disasters, rising material and labor costs and state insurance laws. Below, we explain each factor in detail:
Rising Claims
When homeowners frequently file insurance claims, insurers may increase premiums to offset the cost of these claims. More claims suggest a higher risk of payout, necessitating higher charges to maintain profitability.
High Weather Risks
Areas with severe weather conditions, such as hurricanes, wildfires, or flooding, often face higher home insurance rates. Insurers adjust premiums upward to cover the greater likelihood of damage and subsequent claims.
Rising Material and Labor Costs
As the cost of building materials and labor rises, so does the cost to repair or rebuild homes. Insurance companies raise premiums to cover these increased expenses in the event of a claim.
State Insurance Laws
State-specific insurance regulations can influence premiums. If a state mandates certain coverages or imposes regulations that increase the cost of providing insurance, insurers may pass these costs on to homeowners through higher premiums.
What Affects Oklahoma Home Insurance Costs?
Like with most home insurance providers, pricing is mainly influenced by these factors:
- Location
- Coverage chosen
- Home build details
- Provider chosen
- Credit
- Claims history
Next, we'll explore how each of these factors specifically impacts rates.
How Much Does Location Affect Home Insurance Costs?
Location is the biggest factor affecting home insurance rates in Oklahoma, with rates varying by up to 22.5%. Weather risks, home value and population density in your area play a major role in determining costs.
| Lowest | Oklahoma State Remnant Tier Aggregate | $496 | $5,947 |
| Highest | Oklahoma City | $738 | $8,851 |
How Much Does Coverage Affect Home Insurance Costs?
Coverage choices are the second most influential factor in Oklahoma home insurance rates, averaging from $2,936 to $25,839 per year. Higher coverage limits and lower deductibles increase premiums, while lower limits and higher deductibles reduce costs.
| Lowest | $100K Dwelling / $50K Personal Property / $100K Liability | 2000 | $245 | $2,936 |
| Highest | $1MM Dwelling / $500K Personal Property / $1MM Liability | 500 | $2,153 | $25,839 |
How Much Do Home Details Affect Home Insurance Costs?
Home details like age, construction materials, and roof type are the third most influential factor in Oklahoma homeowners insurance rates, averaging from $326 to $609 per month. These factors affect replacement costs and the risk of damage or theft, leading to significant rate differences.
| Lowest | New | Superior | Tile | $326 | $3,916 |
| Highest | Old | Frame | Shake-Treated | $609 | $7,314 |
How Much Does the Provider You Choose Affect Home Insurance Costs?
Your choice of insurer is the fourth most influential factor in home insurance rates for the Sooner State. Prices can vary widely, ranging from 45% below to 157% above the state average.
| Lowest | Oklahoma Farm Bureau | $312 | $3,738 |
| Highest | The Hanover | $1,453 | $17,431 |
How Much Does Credit Affect Home Insurance Costs?
A higher credit score makes you appear more reliable, which can lower your home insurance costs. Premiums vary by up to 86%, with annual average rates ranging from $4,321 to $21,228.
| Lowest | Excellent | $360 | $4,321 |
| Highest | Poor | $1,769 | $21,228 |
How Much Does Claims History Affect Home Insurance Costs?
Filing more claims will increase your perceived risk for insurers, which can increase premiums, although in Oklahoma, claims history has a smaller impact on cost than other factors. We found that depending on your claims history, rates can be affected by up to 15% or $1,171 annually.
| Lowest | Claim free for 5+ years | $566 | $6,790 |
| Highest | 2 claims in past 5 years | $737 | $8,843 |
Tips to Save on Oklahoma Home Insurance
With high home insurance costs in Oklahoma, finding ways to save on premiums is essential, whether buying a home or reducing expenses for your current one. Below are tips to help you secure the best and the cheapest home insurance in Oklahoma.
- 1
Find How Much Coverage You Need Beforehand
Determining how much home insurance you need before buying allows you to frame how you search for coverage and avoid being oversold by agents. In addition to standard coverage options, consider if you need add-ons to protect any additional items you own. Learn more about determining how much home insurance you need and standard coverage options.
- 2
Research Costs and Discounts Beforehand
To determine if you’re getting a good deal, understand the average costs for you and your home. Also, ask agents about all available home insurance discounts, as some insurers apply certain reductions only if requested. Discover the average costs for you.
- 3
Compare Multiple Providers Through Different Avenues
To find the best coverage, use online comparison sites, brokers, provider websites, and agents.
- 4
Consider Bundling Policies
Bundling policies can help you save. For example, combining home and auto insurance in your state can save up to xx% on home insurance and $xx annually on both policies. Explore the benefits of combining home and auto insurance.
- 5
Reduce Your Personal Risk Profile
To get cheaper premiums on your home, consider making improvements like adding storm shutters or home security systems. Also, improving your credit score can decrease premiums drastically. For example, moving from a fair to a good credit score can save you 28% on average.
- 6
See if You Are Eligible for State Programs
Check if your state offers programs to help get affordable coverage if you're denied traditional home insurance. For example, Oklahoma offers the TFPA policy to insure you if traditional insurers deny you coverage. While TFPA plans don’t offer the same coverage amount as traditional policies, they meet mortgage requirements.
Oklahoma Home Insurance Calculator: Bottom Line
Home insurance costs vary by location and coverage. Find affordable rates by comparing your needs with average costs. Use our tool for the best deal.
Homeowners Calculator Insurance Oklahoma: FAQ
The cost of minimum coverage auto insurance in the Sooner State depends on several factors. To help you estimate your expenses, MoneyGeek answers common questions below about car insurance in the area.
How much does homeowners insurance cost in Oklahoma?
Oklahoma's average monthly home insurance cost is $584 for a dwelling coverage of $250K. However, your rate will depend on factors like your credit score, liability and property coverage limits and deductible.
How do I know how much dwelling coverage to get?
Homeowners can estimate their required dwelling coverage by calculating the cost to replace their home after damage, often with help from an appraiser. While this study uses a baseline coverage of $250K, you can use the MoneyGeek homeowners insurance calculator to find the best coverage limit for your needs.
What factors affect home insurance costs the most?
Certainly, here’s the answer with the guidelines provided:
The biggest factors affecting home insurance costs are your location, chosen coverage level and provider. Your credit score and home details also play a crucial role.
How We Determined Our Oklahoma Home Insurance Estimates
When determining the average cost of home insurance in Oklahoma, we used a base profile for a simple estimate consistent with the following:
- $250,000 dwelling coverage
- $125,000 personal property coverage
- $200,000 liability coverage
- Home Built Year: 2000
- Construction type: Frame
- Roof type: Composition
- $1,000 deductible
- No claims in the past 5+ years
- Fire protection level of 3
However, rates will vary widely depending on factors such as coverage level, provider chosen, the age of the home, other features of the home, insured credit and claims history, among other factors. All other combinations presented in this article assume the home was built in 2000.
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.