The Best Home Insurance Companies in Oklahoma in 2026

Oklahoma homeowners pay an average of $478 per month for a policy with $300,000 in dwelling coverage, according to Compare.com data. The cheapest insurer in the Sooner State is American National.

Oklahoma is one of the worst states for hail damage, and it has also experienced a higher-than-usual number of natural disasters, including wildfires, flooding, and tornadoes. Each of these factors has helped drive rising insurance premiums throughout Oklahoma.

But keep in mind that rates and coverage options vary by company, and you may need additional insurance if your home is at risk of other issues. The following information will help you as you shop for affordable home insurance in Oklahoma.

Our Picks for Oklahoma’s Best Home Insurance Companies

No single insurance company is the best for every Oklahoma homeowner. The right insurer depends on your property type, location, finances, and coverage needs. For example, a manufactured home owner likely needs different coverage than someone who owns a single-family home near the Red River.

We picked these five insurers as the best home insurance companies in Oklahoma based on their coverage options, rates, customer reviews, and discounts:

Company	Compare.com Rating	Average Monthly Premium
USAA	4.68	$281
Allstate	4.18	$215
Farmers	3.87	$480
State Farm	4.38	$442
Chubb	4.19	$612

We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on .

Best for military members and veterans

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

USAA could be a good choice if you’re a homeowner stationed in Oklahoma, a veteran, or a family member. USAA offers lower-than-average rates, multiple coverage options, and extra benefits for active-duty service members. For example, USAA waives the deductible for covered losses for personally owned military gear and clothing.

Pros

• Coverage add-ons available

• Extra perks for active duty service members

Cons

• Limited eligibility for coverage

• Poor Trustpilot reviews

Best for manufactured homes

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A-

Why we picked this company

Allstate offers coverage for manufactured homes, which are common in Oklahoma. The company also has extensive discount options that can help make home insurance coverage more affordable, including savings for seniors and retired homeowners.

Pros

• Coverage for manufactured homes available

• Robust home insurance discount programs

Cons

• Below-average customer satisfaction scores

• Poor Trustpilot reviews

Best for older homes

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A

Why we picked this company

Farmers Insurance may be a good fit if you’re one of the 20% of homeowners in Oklahoma living in a house built before 1950.^[2]Farmers covers a broad range of homes and offers specialty coverage for older and lower-value properties.

Pros

• Specialty coverage for older homes

• Customizable policies

Cons

• Below-average customer satisfaction rating

• Poor reviews on Trustpilot

Best for local agents

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Our Rating Compare.com's ratings are determined by our editorial team. The objective formula used in these reviews weighs several important factors to consider when choosing financial products and services, including customer satisfaction ratings, ease of use, and a number of other components.	4.1 /5
J.D. Power J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.	643
$300,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $300,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$442/mo
$500,000 Dwelling A standard HO-3 home insurance policy typically includes dwelling, personal property, and liability coverage. The average rate displayed here reflects a policy with the following coverage limits: $500,000 dwelling; $25,000 personal property; $300,000 personal liability; $30,000 loss of use; and a $1,000 deductible for medical payments to others.	$599/mo

Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

1.22

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

If you want personalized service, State Farm has an extensive network of local agents who understand the unique needs of Oklahoma homeowners. A State Farm agent can help you customize your policy with add-ons like coverage for debris removal, landscaping, and extra personal belongings protection.

Pros

• Widespread agent network in Oklahoma

• Strong customer satisfaction rating

Cons

• Fewer discounts than some competitors

• No flood insurance available

Best for higher-value homes

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Details

NAIC Index

Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.

Not rated

AM Best

AM Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).

A++

Why we picked this company

Chubb is a good fit for homeowners with high property values. The company is known for its stellar customer service and customizable policies with replacement cost coverage. It also offers complimentary home appraisals and risk assessments to help make sure your home is adequately insured, plus expert advice on fire prevention and security.

Pros

• Customizable policies

• High customer satisfaction rating

Cons

• No online quotes

• Limited agent access in Oklahoma

The Cheapest Home Insurance Companies in Oklahoma

Oklahoma home insurance rates vary by insurer, and your home’s value, ZIP code, and construction also influence pricing.^[3] We found that American National has the cheapest home insurance rates. Policyholders pay an average of $207 per month for a policy with $300,000 of dwelling coverage and a $1,000 deductible.

The table below shows the cheapest home insurance companies in Oklahoma, according to our data.

The below rates in Oklahoma are estimated rates current as of: Monday, August 10 at 5:00 PM PDT. 

Company	Average Yearly Premium
American National	$2,484
Allstate	$2,580
USAA	$3,372
Travelers	$4,992
Hanover	$5,184
State Farm	$5,304
Farmers	$5,760
Shelter	$6,036
Chubb	$7,344
Oklahoma Farm Bureau	$7,932

We sourced this data by analyzing real quotes from Compare.com's 100-plus partner insurance companies alongside rate filings collected and distributed by Quadrant Information Services. Actual quotes may vary. Data updated on Monday, August 10 at 5:00 PM PDT.

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Average Cost of Homeowners Insurance in Oklahoma

The amount of coverage you need to rebuild your Oklahoma home plays a big role in how much you pay for home insurance. The more dwelling coverage needed, the more your insurer would have to pay if you file a claim. So insurers charge higher premiums to account for the extra risk that comes with increased policy limits.

Check out the table below to see average annual premiums for different dwelling coverage amounts in Oklahoma, according to our research.

Why Home Insurance Is Expensive in Oklahoma

Oklahoma is among the most expensive states for home insurance due to a high risk of severe weather. Tornadoes, wildfires, and flooding are common, and insurers charge more to help offset the risk.

Tornadoes

Oklahoma is within Tornado Alley, the geographic area where tornadoes are most likely to occur. Standard home insurance policies cover tornado damage, but you may have a separate windstorm deductible if you live in an area that insurers designate as a higher risk.

The deductible for wind and hail damage is usually between 1% and 5% of the property’s dwelling coverage. If you have $300,000 of dwelling coverage, that means your deductible could be anywhere from $3,000 to $15,000.^[4] 

Wildfires

Oklahoma’s wildfire risk level is 84% higher than that of other states, according to data from the U.S. Department of Agriculture’s Wildfire Risk to Communities.

A standard homeowners insurance policy covers wildfire damage, but you may pay higher rates than other Oklahoma homeowners if you’re located in a part of the state where wildfires are more common.

Floods

Flooding along rivers and lakes within Oklahoma can cause significant damage. In 2025, severe storms caused substantial flooding and property damage.^[5] A standard home insurance policy doesn’t cover flood damage, so you may need to purchase separate coverage, depending on your home’s risk level.

What Homeowners Insurance Covers in Oklahoma

As a homeowner in Oklahoma, your home insurance policy usually provides the following standard coverages:

• Dwelling coverage: Dwelling coverage pays to repair or rebuild your home after damage from fire, smoke, or wind. Given the severe weather risks in Oklahoma, this is one of the most important parts of your policy.

• Other structures coverage: This part of your policy covers detached structures on your property, like a shed, fence, or garage.

• Personal property insurance: This coverage protects the belongings inside your home if they’re damaged or stolen.

• Personal liability coverage: Liability insurance pays for medical costs and legal expenses if someone is injured on your property.

• Additional living expenses coverage: Also known as loss of use insurance, this coverage helps pay for meals and temporary housing if you have to relocate temporarily during repairs after a covered event.

What home insurance doesn’t cover

A standard home insurance policy is fairly comprehensive, but it doesn’t cover everything. Here’s a look at what’s typically excluded: 

• Flood damage: Some areas of Oklahoma, such as Oklahoma City, are at higher risk of flood damage or inland flooding. Most homeowners policies don’t cover flood damage, but you can purchase a stand-alone flood insurance policy from the NFIP or your insurer.

• Water or sewer backup: A standard policy doesn’t cover damages related to sewer or water backups, but you can purchase a sewer-backup endorsement for added protection.

• High-value collectibles: Standard policies usually cap coverage for jewelry or other high-value collectibles at $2,000.^[6] If you have items that surpass that limit, you may need a separate personal articles endorsement.

• Maintenance-related damage: Standard homeowners insurance doesn’t cover normal wear and tear or poor maintenance.

Do You Need Flood Insurance in Oklahoma?

Oklahoma is a landlocked state, but it has experienced flood damage after severe storms. A standard homeowners insurance policy doesn’t cover flood damage, so you may need a separate flood insurance policy, depending on your home’s risk level.

In Oklahoma, you can purchase flood insurance through a private insurer or the NFIP.

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Factors That Affect Home Insurance Costs in Oklahoma

The following factors affect Oklahoma homeowners insurance rates:

• The home itself: Your property’s value affects how much dwelling coverage you need. In Oklahoma, the median home sales price was $244,600, according to 2026 data from Redfin.^[7]

• Where you’re located: Rates vary by ZIP code. Homeowners in areas with higher risks of flooding or tornado damage will have higher rates.

• How you structure your policy: If you add home insurance coverage options, such as endorsements to cover your jewelry or collectibles or water and sewer backup protection, you’ll pay higher rates than for a basic policy.

• Your background: If you’ve had home insurance claims in the past, your rates may be higher.

Oklahoma Home Insurance FAQs