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Best Homeowners Insurance in Oklahoma

Oklahoma sits in Tornado Alley, making it a prime target for natural disasters that can cause serious damage to your home and property. A home insurance policy offers coverage for your house, personal property and certain liabilities.

We at the Guides Home Team have gathered the top homeowners insurance companies across the nation and narrowed our focus to those in Oklahoma, analyzing them based on coverage, cost and unique benefits. Homeowners insurance rates vary depending on location, square footage and other factors. To get your personalized quote, use our free tool below.

5 Best Homeowners Insurance Providers in Oklahoma

Based on our in-depth research, we at the Guides Home Team identified the best homeowners insurance providers in Oklahoma as the following:

According to a 2022 report published by the Insurance Information Institute (III), the average annual cost of homeowners insurance in Oklahoma was $2,000 in 2019. That makes it the second costliest state for coverage in the United States. The national average is $1,272.

Lemonade Home Insurance

  • AM Best rating: N/A
  • J.D. Power score: N/A

Lemonade is a modern home insurance company that relies on artificial intelligence rather than agents to assess risk, write policies and even pay claims. Although it has only been in business since 2015, Lemonade’s streamlined and tech-fueled approach is gaining popularity. Lemonade could be a good choice if your priority is ease of use. Consider other providers in this article if you prefer a personal touch.

In addition to home insurance, Lemonade offers renters, pet, life and car insurance in some states. Options for discounts and endorsements, such as flood coverage, are limited. Many policyholders enjoy Lemonade’s hassle-free experience, according to our analysis of customer reviews.

Costs and Coverage Options

Your premiums will depend on various factors, including your eligibility for discounts and the endorsements you choose.

Discounts: Lemonade offers bundling, fire protection, protective devices, annual billing and new home discounts.

Endorsements: Customers looking to expand their coverage can add water backup, swimming pool liability, extended reconstruction cost, equipment breakdown, earthquake and extra coverage endorsements to their Lemonade policy.

Get your personalized home insurance quote from Lemonade.

To learn more: Lemonade Home Insurance review

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State Farm Home Insurance

As a Fortune 500 company with more than 100 years of experience writing insurance policies, State Farm has earned its place as a household name. It carries AM Best’s highest rating and ranks sixth out of 19 companies in J.D. Power’s 2022 customer satisfaction survey. If you’re one of State Farm’s 85 million policyholders, you can rest assured it can pay large claims as needed. 

The company uses a nationwide network of independent agents to write policies. While digital tools such as an app and online portal are available, this provider is better suited to those who prefer personalized insurance dealings. It doesn’t offer as many discounts as some competitors, but its generous bundling discount could save you up to $1,127 per year when you switch to State Farm (according to a 2021 State Farm policyholders survey).

*AM Best ratings are accurate as of December 2022.

Costs and Coverage Options

Your premiums will depend on various factors, including your eligibility for discounts and the endorsements you choose.

Discounts: State Farm’s discounts include savings for bundling, remaining claims free, installing automatic sprinklers and replacing your roof with impact-resistant materials.

Endorsements: Modify your standard coverage with the following State Farm endorsements: backup of sewer or drain, earthquake, identity restoration, loss assessment, energy efficiency upgrade, home systems protection, service line and a special limit for water damage. Additional add-ons may be available through your local agent.

To get your personalized home insurance quote, call 1-360-262-2561 or use this free online tool for State Farm.

To learn more: State Farm Insurance review

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Liberty Mutual Home Insurance

Liberty Mutual is a well-rounded insurer with strong financial backing, standard home insurance coverage and valuable endorsements, such as optional replacement cost reimbursement for lost or damaged personal belongings. It is held back by its J.D. Power score, which is the lowest of the providers in this article and suggests below-average customer satisfaction.

Liberty Mutual shines when it comes to saving on a home insurance policy. It offers 10 discounts to homeowners, which is more than the typical five to seven. Highlights include a discount for insuring your home to 100% of its replacement value and an easy opportunity to save 10% by purchasing your policy online.

Costs and Coverage Options

Your premiums will depend on various factors, including your eligibility for discounts and the endorsements you choose.

Discounts: Liberty Mutual offers safe homeowner, claims-free, online purchase, early shopper, new/renovated home, newly purchased home, multi-policy, paperless policy, insured to value, new roof and preferred payment discounts to its home insurance customers.

Endorsements: Bolster Liberty Mutual’s standard policy with personal property replacement cost, water backup, blanket jewelry coverage and inflation protection endorsements.

Get your personalized home insurance quote from Liberty Mutual.

To learn more: Liberty Mutual Insurance review

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USAA Home Insurance

  • AM Best rating: A++
  • J.D. Power score: N/A

USAA is a top choice for current or former military members and their families. If you qualify, USAA is worth considering for its comprehensive home insurance, suite of excellent member benefits and financial assurance with its A++ rating from AM Best. In addition to protecting your house and belongings, USAA provides banking, investing and other services to military members.

USAA offers personal property coverage at replacement cost value on its standard policy. That means your belongings are covered at today’s market value without considering depreciation or wear from use. Standard policies also include identity theft protection and military uniform coverage without a deductible.

Costs and Coverage Options

Your premiums will depend on various factors, including your eligibility for discounts and the endorsements you choose.

Discounts: With USAA, members may be eligible for discounts when they bundle policies, install smart-home devices, have a monitored fire alarm or home security system, and remain claims free for at least five years.

Endorsements: USAA offers a short list of endorsements, including valuable personal property, extended replacement cost, earthquake and home sharing coverage.

Get your personalized home insurance quote from USAA.

To learn more: USAA Home Insurance review

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Allstate Home Insurance

Allstate scored well in all of our review categories, including customer service, coverage and discounts, making it one of our top recommendations for home insurance in Oklahoma. In 91 years of serving customers, the company has become one of the nation’s leading providers of home, renters and auto insurance. Its A+ ranking with AM Best should put customers at ease regarding its ability to pay claims.

Despite a middling score on J.D. Power’s 2022 customer satisfaction survey, Allstate provides customers with 24/7 customer service through local agents, a robust online portal and multiple channels to file claims immediately after damage occurs.

We liked the variety of discounts and riders that allow you to customize your Oklahoma home insurance. Its extended coverage for roof surfaces is particularly valuable in Oklahoma, where wind and hail damage is common.

Costs and Coverage Options

Your premiums will depend on various factors, including your eligibility for discounts and the endorsements you choose.

Discounts: Allstate offers discounts such as multi-policy, responsible payment, claim-free, welcome and loyalty, home buyer, automatic payments, protective device and early signing. Speak with an agent for a full list of discounts.

Endorsements: Allstate is a great option for extending standard coverage due to its strong array of endorsements, including identity theft restoration, water backup, scheduled personal property, business property, sports equipment, green improvement reimbursement, yard and garden, electronic data recovery, musical instruments, personal umbrella policy, manufactured/mobile home insurance, HostAdvantage and flood insurance.

Get your personalized home insurance quote from Allstate.

To learn more: Allstate Home Insurance review

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What Factors Affect Home Insurance Rates in Oklahoma?

These are the most common factors that affect your home insurance rates in Oklahoma: 

  • Replacement cost: The replacement cost of your home is the amount you would have to pay to rebuild it to its current standard. Larger homes and those built with expensive materials typically cost more to rebuild. If you own this type of home, you will be required to carry a higher dwelling limit and pay more for your policy.
  • Location: Your state, city and ZIP code greatly impact your home insurance premiums. Local factors that affect your risk level include theft and vandalism, extreme weather and cost of living.
  • Home age: Old homes are expensive to insure. They have accumulated years of wear and tear, making it more likely for damage to occur. They may have antiquated plumbing and electrical systems that cost more to bring up to current building codes after a loss. If your home is especially old, it could feature historical architecture or building techniques that make it expensive or impossible to return it to its original state.
  • Roof: A roof is a home’s main defense against common natural disasters that result in wind and hail damage. If your roof is old or damaged, insurers will see you as a higher risk and increase the cost of your policy. If your roof was recently replaced or your home was newly constructed, check with your provider to see if a discount is available.
  • Policy structure: Most insurers allow you to customize your coverage limits and deductible, helping you get the coverage you need at a price you can afford. Naturally, purchasing higher levels of coverage will cost more. This can be offset by increasing your deductible, which is the amount you pay before your policy kicks in to cover a loss. Any optional coverages you choose, known as riders or endorsements, will alter your price further.
  • Credit score: Providers use something similar to your credit score, called a credit-based insurance score, to gauge your credit stability. The lower the score, the more you have to pay for coverage.
  • Claims history: Filing a claim recently, typically within the last five years, sends signals to insurance providers that you will be more likely to do so again in the future. This means your premiums will be higher for the additional perceived risk.
  • Discounts: All providers in this review offer discounts that can help reduce your home insurance premium. Many allow you to save money by bundling auto and home policies together. Others offer unique discounts, such as rebuilding your home with energy-efficient materials.
  • Dog breed: No one has ever claimed that a dog is an insurer’s best friend. Owning a dog with a history of biting increases your chances of filing a liability claim, which increases your premium. Some insurers even ban certain dog breeds based on the collective danger they represent.



Common Causes of Home Insurance Claims in Oklahoma

According to the III, wind and hail are the most common causes for home insurance claims in the U.S. However, this is even truer in Oklahoma, where tornadoes and ice storms are especially common.

The Oklahoma Insurance Department reports that the Sooner State ranked third in the country for hail claim frequency from 2008 to 2014. According to the National Oceanic and Atmospheric Administration, 167 major hail events pummeled the state in 2018 alone. Oklahoma has also suffered 66 F5 or EF5 tornadoes since 1950.

To cope with these elevated risks, many insurers require Oklahomans to carry a separate, higher deductible specifically for damage from wind and hail. Some also offer riders to mitigate this risk, such as Allstate’s endorsement for roof surfaces, which helps pay for repair or replacement if your roof is damaged by wind or hail.

Flood damage is another major concern for Oklahoma dwellers. The state is susceptible to various flood events, including flash floods, storm surges and ice-jam floods that occur on frozen rivers.

Water damage from floods is not included in standard home insurance coverage. We recommend looking into a separate policy for flood water damage. Private insurance may be available through some carriers, but participating floodplain communities also have access to government-backed flood coverage through the Federal Environmental Management Association (FEMA).



The Bottom Line

Lemonade is a great choice for home insurance in Oklahoma because of its streamlined processes for signing up and filing claims. It isn’t the best choice for those who prefer the personal touch of human agents, but its powerful artificial intelligence can process claims faster than many competitors. 

Depending on your situation, a different provider may be a better match. Allstate is a strong pick for extended coverage, and State Farm has a vast network of agents to help personalize your coverage. We recommend getting at least three home insurance quotes before purchasing your new policy.

Get instant quotes from insurers by entering your ZIP code here.

Methodology: Our System for Ranking the Best Home Insurance Companies

Our team surveyed dozens of home insurance providers and created a scoring system to assess and compare each company’s quality and service. We reached out for sample quotes, both over the phone and online, to simulate an authentic customer experience. Here are the factors that account for our provider scores:

  • Cost (27%): We compare cost data for homes nationwide to assess how competitively priced each provider is. We also consider each company’s available discounts when determining its overall cost of coverage.
  • Coverage (28%): We analyze the comprehensiveness of each provider’s standard home insurance policy and compare optional policy endorsements to determine quality of coverage.
  • Availability and ease of use (15%): We evaluate each company’s customer service options, such as live chat, a customer support phone line, and multiple channels for filing claims and generating quotes. Similarly, we score providers based on their digital resources, such as a mobile app or online customer portal. 
  • Brand trust (15%): We gauge reputation by evaluating consumer reviews and third-party financial strength and customer experience ratings, including from J.D. Power, AM Best and customer review aggregators.

Companies with the best customer service exhibit 24/7 availability, educational resources on their website, useful digital tools and a seamless claims-filing process. Providers that offer extensive discount options, endorsements, customizable coverage options and unique features score significantly higher than those that don’t, putting them toward the top of our recommendations to readers.

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