Popular Questions about Homeowners Insurance in Oklahoma

In Oklahoma, the average cost of home insurance is $1,885 annually, which is a bit higher than the national at $1,211 per year. Some of your biggest threats are fires (105/per year) and tornadoes (62/per year). Both of these can affect your homeowners insurance pricing and make your rates go up. 

Each homeowners insurance policy will come with limits specific to your needs, but there are standard coverages that apply. Your Oklahoma home policy will have protection for your dwelling, other structures, personal property, medical payments to others, liability, and additional living expenses. Common losses that are typically included are fire, theft, vandalism, severe weather, and natural disasters. 

In Oklahoma, you won't be mandated to carry homeowners insurance by law. However, a mortgage or lender will require proof of coverage. With Oklahoma having 638,506,000 home insurance claims paid in one year alone, the proper insurance is necessary to avoid financial ruin. 

Your Oklahoma home insurance rates are calculated using several risk factors. Check out what carriers look at when figuring your Oklahoma homeowners coverage:

  • Past losses
  • Dwelling value
  • Coverage selected
  • Local risks

Each carrier will offer different policies and some might work better for your situation than others. The most used and highly rated insurance companies in Oklahoma should be considered when comparing with a trusted adviser. Foremost, Safeco, and Progressive insurance companies are competitive options and have fast service in Oklahoma.

Yes, Oklahoma has roughly 442 independent insurance agencies to choose from for home insurance. Each has multiple carrier options so that you get the most affordable protection on the market. 

Do You Know What Your Oklahoma Home Insurance Covers?

Find the Best Homeowners Insurance in Your City

How does your city measure up to the national average?

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,211 year

CityAvg. home valueBurglaries / 1,000 homesAnnual insurance cost
Broken Arrow$212,7862.66$2,059
Midwest City$209,8325.81$1,562
Oklahoma City$202,6175.56$1,995
  1. $166
  2. Oklahoma City, OK Monthly average home insurance cost
  3. Average monthly cost of home insurance in Oklahoma City: $166
  4. Homeowners insurance rates in can vary significantly from one homeowner to the next. Your actual rate will be based on factors like the size, value, and location of your home, the age of your roof, the materials used in your home’s construction, and even your credit score.
  5. One of the most expensive hazards faced by homeowners in Oklahoma City is tornado damage. This risk of a tornado in this city 253% greater than the national average. An F5 twister that touched down just 6.3 miles from the Oklahoma City city center in 1999 caused more than $1 billion in damage to area homes and businesses. Homeowners insurance can help you repair and replace your home and belongings and can even help you pay for a hotel if you are temporarily displaced while your home is being repaired. 

  1. $158
  2. Tulsa, OK Monthly average home insurance cost
  3. Average monthly cost of home insurance in Tulsa: $158
  4. Because your homeowners insurance is completely customized to your home and other considerations, your monthly premium may be higher or lower than this average. Insurance companies consider your home’s size, value, location, and other factors to determine your monthly rate. 
  5. Tulsa has a very high crime rate when compared with the rest of the state and the nation overall. It is therefore important that you take precautions like using deadbolt locks to help secure your home. Fortunately, your Tulsa homeowners insurance covers you against property loss and damage to your home if you are the victim of a burglary. If you have burglar alarm installed in your home, you may even qualify for a discount on your home insurance premiums.

  1. $183
  2. Norman, OK Monthly average home insurance cost
  3. Average monthly cost of home insurance in Norman: $183
  4. Of course, what you may actually be expected to pay may differ from this average amount depending on the specific risks associated with your home. Your rate will be calculated according to factors like the size of your home, the crime rate and weather risks in your ZIP code, the age of your roof, your credit rating, and more. 
  5. One of the most devastating things that can happen to a homeowner is a residential fire. In addition to severely damaging your house, a fire can lead to a total loss of your personal belongings, including furniture, electronics, clothing, and precious items. Whether the fire is the result a wildfire or an accident in your home, your homeowners insurance has you covered. This insurance cannot bring back your irreplaceable items, but it can give you peace of mind in knowing you can afford to rebuild and replace as necessary.

  1. $172
  2. Broken Arrow, OK Monthly average home insurance cost
  3. Average monthly cost of home insurance in Broken Arrow: $172
  4. Your house is not likely to be the same as your neighbor’s. While everyone in your neighborhood faces the same crime and weather risks, there are many more variables in play when it comes to calculating home insurance rates. Your premium will also be based on factors like the size and value of your home, the age of your roof, your claims history, and the size of your deductible. Your monthly rate for Broken Arrow homeowners insurance may therefore be higher or lower than this average.
  5. Homeowners in Broken Arrow have a significant risk of damage caused by severe storms. These storms can often bring damaging winds and lightning to the area. Fortunately, storm damage is covered by your homeowners insurance. However, if torrential rains cause flash flooding, the resultant flood damage is not covered. For this, you will need a supplemental flood insurance policy.

  1. $213
  2. Edmond, OK Monthly average home insurance cost
  3. Average monthly cost of home insurance in Edmond: $213
  4. There are a lot of large, high-value homes in Edmond, and the extra cost to secure these properties significantly raises the average rate for coverage in this city. Not all Edmond homeowners will pay the same for home insurance. Your monthly rate is based on the crime  rate and weather risks in your ZIP code, the size and value of your home, the building materials used in your home’s construction, your claims history, and more.
  5. Hailstorms can be a problem in Edmond. Large hailstones can occur without warning, causing significant damage to your roof, gutters, siding, windows, and peripheral structures. Residents in this area have reported hailstones up to 2 inches in diameter. When you have a solid Edmond homeowners insurance policy, you can rest assured that your hail-damaged home can be returned to normal without you facing a large personal expense.