Oklahoma Homeowners Insurance (August 2025)
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Key takeaways
- Oklahoma City home insurance costs around $3,892 yearly on average.
- Insurers offer premiums starting at around $1,722 annually.
- Ensure to buy earthquake insurance additionally if you want added protection for your home.
Home insurance companies in Oklahoma City
On average, home insurance in Oklahoma City costs around $3,892 yearly. The rate is higher than the state average rate of $3,531 and the national average rate.
The city is the capital and the largest city of Oklahoma. If you’ve chosen Oklahoma City as your home, you’ve made the perfect choice! It has a low living cost, and housing costs are lower than the national average.
But as in any city, unforeseen situations occur, like severe weather issues that can cause extensive damage to homes and property. The city is prone to tornadoes and earthquakes, thereby increasing the homeowners insurance rate in Oklahoma City. Shopping around and comparing coverages are the first step in finding low-cost home insurance in Oklahoma City. Don’t worry! We’ve got that covered for you.
Home insurance coverage options in Oklahoma City
A standard home insurance policy offers some essential coverages. But the following are some coverages you can buy in the city to offer added protection to your home.
- Flood insurance: A standard home insurance policy does not cover flood damage. But you can add it to your policy or get an endorsement from your home insurer. Although you can buy it through the National Flood Insurance Program (NFIP), private insurers also offer flood insurance.
- Identity theft coverage: It is a common endorsement offered by home insurers. This insurance covers the expenses related to recovering your lost identity.
- Earthquake coverage: Since 2009, the number of earthquakes in Oklahoma has increased. You may want to include earthquake coverage in your home insurance policy to cover the repair costs if your home gets damaged by an earthquake. Some insurers offer this as an endorsement, or you may need to buy a different policy.
The cheapest home insurance companies in Oklahoma City
As a homeowner, you’ll always wish to find affordable home insurance in Oklahoma City. With a yearly average rate of $1,722, Chubb is the cheapest insurance company in the city. The following insurers offer the cheapest home insurance in Oklahoma City, OK.
| Insurer | Average annual rate |
|---|---|
| Chubb | $1,722 |
| Allstate | $2,161 |
| USAA | $2,376 |
| Travelers | $2,434 |
| Farmers | $2,760 |
| MetLife | $3,346 |
| State Farm | $3,476 |
| AAA | $5,080 |
Oklahoma City homeowners insurance prices by coverage level
The coverage level you choose impacts the insurance premiums you pay. The average homeowners insurance cost in Oklahoma City is $1,955 annually for coverage up to $100,000 and $5,881 annually for coverage up to $400,000.
| Dwelling coverage cost | Average annual rate |
|---|---|
| $100,000 | $1,955 |
| $200,000 | $3,238 |
| $250,000 | $3,935 |
| $400,000 | $5,881 |
Oklahoma City home insurance rates by ZIP code
The cost of home insurance may change depending on where in Oklahoma City you live. The number of claims submitted in your neighborhood is one of the factors that insurers consider when calculating your premiums.
Affordable home insurance areas in Oklahoma City
The area with ZIP Code 73160 offers Oklahoma City’s most affordable home insurance rates. Normally, home insurance rates in 73160 cost $4,505, $613 less than the Oklahoma City city average. The following ZIP Codes offer the most affordable home insurance in Oklahoma City.
| ZIP Code | Average annual rate |
|---|---|
| 73160 | $4,505 |
| 73135 | $4,517 |
| 73137 | $4,518 |
Expensive home insurance areas in Oklahoma City
Insurers may view particular neighborhoods as higher risk due to crime rates, fire threats, and even how near you are to emergency services. These factors could result in higher insurance rates. The costliest ZIP Code in Oklahoma City for home insurance is 73179, with an average annual premium of $4,707.
| ZIP Code | Average annual rate |
|---|---|
| 73179 | $4,707 |
| 73131 | $4,705 |
| 73141 | $4,679 |
Cheapest home insurance companies in Oklahoma City for newly constructed homes
Newer homes are cheaper to insure compared to older homes. Homeowners are less likely to file a claim because they use modern, damage-resistant materials to build it. With an average annual rate of $1,299, USAA offers the most affordable home insurance for new homes in Oklahoma City.
| Insurer | Average annual rate |
|---|---|
| USAA | $1,299 |
| Chubb | $1,400 |
| Travelers | $1,598 |
| Allstate | $1,709 |
| Farmers | $2,305 |
| MetLife | $2,438 |
| State Farm | $2,645 |
| AAA | $3,700 |
Cheapest home insurance companies in Oklahoma City if you have a lot of personal property
Your homeowners insurance in Oklahoma City also covers any personal belongings you might keep at home. You may need to pay extra for your policy to cover more personal property. With a yearly average rate of $2,162, Chubb offers the most affordable home insurance in Oklahoma City with personal property coverage.
| Insurer | Average annual rate |
|---|---|
| Chubb | $2,162 |
| Allstate | $2,182 |
| Travelers | $2,472 |
| USAA | $2,490 |
| Farmers | $2,860 |
| State Farm | $3,497 |
| MetLife | $3,532 |
| AAA | $5,363 |
Cheapest home insurance companies in Oklahoma City for high deductibles
A deductible is the sum you must pay before your insurer covers a claim. Deductibles can significantly affect Oklahoma City home insurance rates. Choosing a lower deductible means you pay higher premiums. With a yearly average rate of $1,516, Chubb offers the lowest cost of home insurance in Oklahoma City for high deductibles.
| Insurer | Average annual rate |
|---|---|
| Chubb | $1,516 |
| Allstate | $1,896 |
| Travelers | $1,972 |
| USAA | $2,031 |
| Farmers | $2,717 |
| MetLife | $2,954 |
| State Farm | $3,121 |
| AAA | $4,484 |
Home and auto insurance bundling in Oklahoma City
Suppose you want to reduce your overall insurance rates. Then, consider purchasing your homeowners and auto insurance from the same insurer. Combining both these policies can significantly reduce your monthly auto insurance costs.
| Insurer | Average annual rate |
|---|---|
| Erie | $761 |
| State Farm | $918 |
| Progressive | $1,004 |
| Nationwide | $1,272 |
Cheapest home insurance companies in Oklahoma City if you have poor credit
Having a bad credit score means insurers consider you risky. So then, the cost of your home insurance in Oklahoma City, OK, will surge. With a yearly average rate of $3,150, Chubb offers the most affordable rate for homeowners with bad credit.
| Insurer | Average annual rate |
|---|---|
| Chubb | $3,150 |
| USAA | $3,478 |
| Travelers | $4,663 |
| AAA | $5,080 |
| Allstate | $5,212 |
| MetLife | $7,618 |
| State Farm | $7,809 |
| Farmers | $14,418 |
Home insurance discounts in Oklahoma City
How else can you decrease the rate of home insurance in Oklahoma City? It is by the discounts that your insurer offers. These are some typical discounts that you can get in Oklahoma City.
- New roof: Buying your home and auto insurance policies from the same insurer will help you save money on Louisville homeowners insurance. However, some insurers will give you a discount if you combine your home insurance with umbrella insurance or another type of policy.
- Safety devices: You may be eligible for a discount if you have safety equipment like burglar alarms or indoor sprinkler systems.
- Bundling or multi-policy: You might save money on both plans if you get two different forms of coverage from the same insurer, like your home and auto insurance.
Getting online homeowners insurance quotes in Oklahoma City
Here are some details you need to have ready to request a home insurance quote online in Oklahoma City.
- Reach out to a licensed Way agent: Our agents can assist you in deciding how much coverage you need and buying it at the most affordable price.
- Enquire about a wind-only policy for tornado coverage: Oklahoma regularly experiences tornadoes. A home insurance policy might not protect your home from tornado damage. To ensure you’re covered, find out if you need wind-only insurance from a Way agent.
- Determine how much deductible you can afford: You need to know your budget. It will help you determine if a low deductible to save money on possibly many claims is preferable to a bigger deductible to reduce your insurance cost.
- Compare quotes from a Way agent: If you have a pool, bad credit, or a certain breed of dog, some insurers may view you as a risk. You might get an affordable home insurance policy by shopping around and comparing costs.
- Sign the policy and pay the first premium: A Way agent will handle the necessary documentation when you decide on a policy. You must then sign the policy, and the first premium is due.
How to buy homeowners insurance in Oklahoma City
There are chances that you will get confused while buying home insurance in Oklahoma City. Here are some factors to consider while looking for Oklahoma City home insurance.
- The replacement cost of your home: It refers to the assessed cost of reconstructing your house if a covered risk damages it. To calculate the replacement cost, you might want the help of an appraiser, builder, or construction specialist.
- The value of your personal property: The monetary value of your belongings influences your property coverage limits, which impact the price of your Oklahoma City home insurance.
- Information about your house: Insurance companies will inquire about your home’s details, like its construction date, location, and installed security systems.
- Personal information: Insurers will also need your address. You should also provide information on the number of occupants in your house, insurance history, credit score, and other necessary information.
Bottomline
Home insurance costs in Oklahoma City are higher than the state and national average rates. So, as a homeowner, it will be a daunting task to find affordable home insurance in Oklahoma City. It is best to get quotes from all insurers, compare, and buy the policy with the most affordable rate. Also, use discounts like bundling or safety devices to lower the rates further.
FAQs
What is the average home insurance cost in Oklahoma City?
Home insurance in Oklahoma City costs around $3,892 yearly.
Why is Oklahoma homeowners insurance so expensive?
Due to the risk of tornadoes and wildfires, Oklahoma has among the highest home insurance rates in the US. Insuring a house in the state almost costs nearly $3,531 annually.
How much does it cost to insure a house in Oklahoma City?
On average, homeowners insurance in Oklahoma City costs around $3,892 yearly.
What is the cheapest homeowners insurance company in Oklahoma City?
Our research found that Chubb is the cheapest home insurer in the city, with an annual average rate of $1,722.
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