Find the Best Homeowners Insurance Rates and Companies in Oklahoma

The median home value in Oklahoma is $192,874. If you own a home in Oklahoma, chances are your home is your most important asset. 

It’s not surprising that you’d want to keep your home safe from harm and your assets secure if you’re property is unfortunately damaged. That’s why you need homeowners insurance that covers your risks. Having reliable and responsive homeowners insurance means having peace of mind in the face of unpleasant events. 

An independent insurance agent can help you find the best home insurance in Oklahoma. Independent agents can help you get quotes from multiple insurance companies so that you can make the best choice for your needs and budget. 

Best Homeowners Insurance Companies in Oklahoma

There are many insurance companies in Oklahoma that offer highly rated homeowners insurance. The following are some of the best homeowners insurance companies Oklahoma. These companies provide a mix of valuable coverage offerings and competitive pricing. 

  • Progressive: Progressive is based in Ohio, but offers homeowners insurance across all 50 states, including Oklahoma. Oklahoma residents can look to Progressive for most of their personal insurance needs. 
  • Safeco: Safeco has been protecting individuals and families since 1923. The company offers homeowners insurance in Oklahoma, as well as a comprehensive range of other personal insurance policies. Working through independent agents, Safeco makes it easy to get the best mix of coverage and pricing.
  • Travelers: Travelers offers highly rated homeowners insurance in Oklahoma. It can meet your additional personal insurance needs with a full line of products including auto, boat, identity theft, umbrella, and other coverages. 
  • Hanover Insurance Group: Together with local independent agents, Hanover Insurance Group offers tailored home insurance coverage options for your needs with the services and convenience you expect.
  • Foremost Insurance GroupFounded in 1952, Foremost Insurance Group offers a selection of personal insurance policies including home and auto insurance. The company offers flexible payment plans, numerous discounts, and 24/7 customer service. 

An independent insurance agent in your area can help you learn more about these and other homeowners insurance companies in Oklahoma. A local agent can help you get competitive quotes for the coverage that fits your insurance needs.

What Can Homeowners Insurance in Oklahoma Cover?

Property risks in Oklahoma are plentiful. You face potential threats to your home all the time, including natural disasters like severe storms and tornadoes. Your homeowners insurance in Oklahoma is designed to cover many of the events that can damage your property. 

The top five property risks in Oklahoma are as follows: 

  • Wildfires and residential fires
  • Burglary and other property crimes
  • Severe storms and lightning damage
  • Flooding and water damage
  • Tornados

Homeowners insurance in Oklahoma typically covers much of the damage caused by natural disasters, including damage caused by wind, rain, hail, and fire. It also covers damage and other losses caused by a break-in or vandalism. But keep in mind that homeowners insurance in Oklahoma does not cover flood damage. For flood coverage, you’ll need to purchase a separate flood insurance policy. 

A typical Oklahoma home insurance policy will contain several coverage categories that can help you after a natural disaster or another property damage event. These provide coverage for the inside and outside of your home according to your policy specifics. What’s more, your home insurance policy in Oklahoma covers expenses related to the temporary loss of use of your home after a covered event.  

A homeowners insurance policy typically categorizes property coverage and coverage limits as follows. 

  • Dwelling coverageCovers your house and attached structures. It also covers items like plumbing, heating, and permanently installed air conditioning systems, and electrical wiring.
  • Other structures coverage: Protects other structures on the property such as detached garages, tool sheds, retaining walls, and so on. 
  • Contents coverage: Protects the contents of your home and other personal belongings owned by you or family members who live with you. 
  • Loss of use coverageHelps you with additional living expenses if your home is damaged by a covered peril (e.g., a fire) and you cannot live in your home while repairs are being made. It typically covers expenses like housing, meals, storage, and more, as long as they are in line with your usual living expenses. 

Home insurance in Oklahoma also provides liability coverage for when you're faced with a lawsuit or negligence claim. This is essential protection for your assets. Personal liability coverage provides coverage if you or a resident of your household is responsible for causing property damage or an injury to someone else. 

You can also customize your policy to cover other risks. You can add coverage for identity theft, sewer and water backup, scheduled personal property, business property, and more. 

A local independent insurance agent can help you find homeowners insurance in Oklahoma. 

What Won't Homeowners Insurance in Oklahoma Cover?

Homeowners insurance in Oklahoma will not cover everything that can go wrong with your home or on your property. 

First, the liability coverage in your homeowners insurance policy has certain limitations. If you hurt someone because of an intentional act, your liability coverage will not cover you. You can find all the exclusions to your liability coverage in your policy documents.

Moreover, your property coverage will not cover every type of property damage you might encounter. Almost all homeowners insurance policies in Oklahoma exclude coverage for property damage caused by the following:

  • Ordinance or law (e.g., demolition or construction required to bring your house up to code)
  • Earth movement (e.g., earthquakes, sinkholes, landslides)
  • Water damage due to floods, sewer backups, and water that seeps through the foundation
  • Power failure
  • Neglect
  • War
  • Nuclear hazard
  • Intentional acts
  • Governmental action (e.g., destruction, confiscation, or seizure of covered property by any governmental or public authority)
  • Loss to property resulting from faulty zoning, bad repair or workmanship, faulty construction materials, and defective maintenance

To avoid any surprises down the road, be sure to understand what your home insurance in Oklahoma does and does not cover when you decide to purchase a policy. 

Flood Damage in Oklahoma

Flooding can be a significant concern for many homeowners, but Oklahoma homeowners insurance does not cover flood damage. 

Flooding can be a problem in some areas of Oklahoma. In fact, it is one of the top five risks for homeowners in the state. Some areas of the state will have a higher likelihood of flooding than others. 

It’s important to discuss your need for supplemental flood insurance with your independent insurance agent

If necessary, your agent can help you purchase flood insurance from the National Flood Insurance Program (NFIP), a program established by the federal government to help homeowners recover after a flood event.

Average Cost of Homeowners Insurance in Oklahoma

Oklahoma is the 4th most expensive state for home insurance. The average cost of homeowners insurance in Oklahoma is significantly higher than the national average. 

  • National average yearly premium: $1,211
  • Oklahoma average yearly premium: $1,885

While the high risk for tornados and other severe weather events in Oklahoma makes home insurance cost more than in most other states, what you pay to insure your individual home will be more or less than average. And you can shop around for the best local rates. 

In addition to the weather and natural disaster risks in your location, your Oklahoma home insurance cost depends on your home's unique characteristics, such as its size, building materials, age, value, and more.  

If your property has more hazards than most, expect to pay more. You will also pay more if your home costs more to repair or rebuild than others. 

A local independent insurance agent can help you get home insurance quotes in Oklahoma.

Average Oklahoma Home Insurance Costs by City

Homeowners insurance costs vary by city just like they vary from home to home and state to state. If you live in a city with a high crime rate or a history of natural disasters, you’re likely to pay more for homeowners insurance than someone who lives in a very safe city. 

What’s more, residents of towns with higher-than-average property values pay more for home insurance coverage than people who live in cities with lower property values. 

Edmond, OK, for example, has a high average property value ($302,543) and one of the highest average home insurance rates in the state ($2,559 per year). Meanwhile, residents of Muskogee, OK, pay much less for home insurance, on average ($1,399 per year), which coincides with a much lower average property value ($129,753).

Average Oklahoma Home Insurance Costs by City

National average burglary rate 3.76 per 1,000 people

National average home value $269,000

National average home insurance cost $1,428 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

Popular Questions about Oklahoma Home Insurance

The national average homeowners insurance premium is $1,211. Oklahoma ranks 4th in the nation for home insurance rates. That means with an average annual premium of $1,885, homeowners insurance rates in Oklahoma are much higher than in most other states. Most homeowners will pay more or less than average, depending on the specific risk factors for their home and neighborhood. 

Homeowners insurance in Oklahoma mainly covers certain types of property damage. Most policies include dwelling coverage, other structures coverage, personal property coverage, and loss of use/additional living expenses coverage

Homeowners insurance in Oklahoma also includes homeowners liability coverage. It protects you when someone claims you have caused an injury or property damage. It covers the injured party's expenses (e.g., medical bills, property repairs) and your legal fees if you're sued. After a lawsuit, it can even cover financial settlements or court-ordered judgments.

Oklahoma does not have any laws that require you to purchase homeowners insurance. But your mortgage lender will require you to have homeowners insurance and will require proof that you have it. With over $638 million in home insurance claims paid in Oklahoma in one year alone, proper home insurance protection is necessary to avoid major loss. 

Insurance companies calculate home insurance rates in Oklahoma by looking at your home, the risk factors for your neighborhood, and your specific coverage needs. 

If you live in a ZIP code with a high crime rate or one that is highly susceptible to natural disasters, you can expect to pay more than someone living in a safer area. If your home or neighborhood has a prior history of tornadoes (62 per year in Oklahoma, on average), you’re likely to pay more than someone who lives in an area where these events happen less frequently or not at all. 

There are many insurance companies in Oklahoma who can provide homeowners insurance. You can choose from companies who offer a highly rated mix of valuable coverage offerings and competitive pricing. 

Some of the best homeowners insurance companies in Oklahoma include ProgressiveSafecoTravelersHanover Insurance Group, and Foremost Insurance Group

Yes, Oklahoma currently has 442 independent insurance agencies that can help you find appropriate home insurance coverage. They can offer quotes from multiple insurance companies, free of charge. 

People who own homes in Oklahoma do not need to have homeowners insurance. It will, however, be required by your mortgage lender. What’s more, homeowners insurance is the best way to protect your assets when you’re faced with a covered property loss or a lawsuit. 

Searching for the best and most affordable homeowners insurance in Oklahoma can be frustrating and confusing. That’s why it pays to have an experienced insurance professional in your corner.

Instead of getting an online quote, find an independent insurance agent in Oklahoma now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options so you can make the best choice. 

Contact an agent today for a free, no-obligation consultation. 

Do You Know What Your Home Insurance Covers in Oklahoma?

Average Cost of Home Insurance Near You

Average monthly cost of home insurance in Broken Arrow: $172

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.

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.

Average monthly cost of home insurance in Edmond: $213

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.

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.

Average monthly cost of home insurance in Norman: $183

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. 

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.

Average monthly cost of home insurance in Oklahoma City: $166

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.

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. 

Average monthly cost of home insurance in Tulsa: $158

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. 

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 a burglar alarm installed in your home, you may even qualify for a discount on your home insurance premiums.