Oklahoma experiences a higher number of major storms than most other states. The state has experienced 210 major disasters since 1953, making it the third most disaster-prone state in the country. These disasters include major thunderstorms, tornadoes, wildfires and more.
Is wind damage covered by home insurance?
Thunderstorms in Oklahoma can produce damaging winds and tornadoes. Though your homeowners insurance covers wind damage, your policy might not be enough to rebuild your home if it were destroyed. You should consider upgrading your standard homeowners insurance to include replacement cost coverage, which doesn’t account for your property’s depreciation after a claim.
Is hail damage covered by home insurance?
Oklahoma’s thunderstorms can also produce large hail. Homeowners insurance typically covers hail, but since the state experiences frequent hailstorms, it could be beneficial to take precautions by reinforcing your roof and windows. Most home insurance companies also offer discounts for installing impact windows.
You could also face winter storms that produce freezing rain during Oklahoma’s wintertime. Your homeowners insurance likely has restrictions on freezing. For example, homeowners insurance policies don’t always cover freezing that happens to plumbing systems. It’s best to check with your policy to see what it covers.
Frequently asked questions
How much is homeowners insurance in Oklahoma?
The average cost of homeowners insurance in Oklahoma is $2,278 per year, or $190 per month. That’s 50% higher than the national average of $1,516 per year.
Who has the cheapest homeowners insurance in Oklahoma?
Farm Bureau offers the cheapest home insurance in Oklahoma. The company’s average rate of $1,452 per year is 36% cheaper than the state average.
Who has the best tornado coverage in Oklahoma?
Shelter offers the best coverage for severe weather damage in Oklahoma. The company offers a standard home insurance policy at $1,566 per year, which is 31% cheaper than the statewide annual average. Shelter’s basic policy includes coverage that’s helpful for tornado claims, like paid debris removal.
Methodology
For our study, we gathered quotes from every ZIP code in Oklahoma. We used a sample property that was built in 1978 and insured at $136,800 of dwelling coverage, based on the U.S. Census Bureau’s data on the median Oklahoma home.
ValuePenguin’s analysis used insurance rate data from Quadrant Information Services. These rates were publicly sourced from insurer filings and should be used for comparative purposes only — your own quotes may be different.
We ranked each company’s customer service scores by comparing the National Association of Insurance Commissioners (NAIC) complaint index, J.D. Power’s home insurance customer satisfaction rankings and our ValuePenguin editor’s ratings.
Best home insurance companies in Oklahoma
Farm Bureau and Shelter are the best insurance companies for most homeowners in Oklahoma. Both companies offer an excellent combination of customer satisfaction and cheap rates. Farm Bureau offers the widest range of discounts for policyholders, while Shelter offers the best coverage add-ons to keep homeowners protected.
USAA and American Farmers & Ranchers are also great for homeowners in Oklahoma but are recommended for select individuals. USAA is only available to U.S. service members and their dependents, or dependents of current USAA policyholders. American Farmers & Ranchers is available for everyone but is recommended for farm or ranch owners. Both companies boast top-tier customer service.
Oklahoma home insurance rates by city
The cheapest city for home insurance in Oklahoma is Roland at $1,823 per year. This is $455 cheaper than the state average. Roland sits at the eastern border as part of the Fort Smith, Arkansas-Oklahoma metropolitan area.
Wheatland is the most expensive city for home insurance in Oklahoma, with an annual average rate of $2,745, or $229 per month. This is $467 more than the statewide average rate. Wheatland is a neighborhood in southwestern Oklahoma City, just west of Will Rogers World Airport.
Oklahoma is home to Fort Sill, one of the country’s most prominent army installations. Finding the best home insurance for service members and their families is important to many Oklahoma residents.
USAA offers coverage benefits that make it especially appealing to active-duty service members, such as a deductible waiver for all issued gear that is lost, stolen or destroyed. The company also covers personal property worldwide, even in active war zones. War zones are typically excluded in most home insurance policies.
The company scored a 0.50 in the NAIC’s customer complaint index, meaning it receives half as many complaints as other typical insurers.
However, USAA offers standard home insurance at an average rate of $2,758 per year, or $230 per month. This is $480 per year more expensive than the statewide average. You also must be a service member, dependent of a service member or dependent of a USAA policyholder to be eligible for coverage.
Shelter is the best home insurance company for severe storm coverage in Oklahoma. Standard home insurance policies cost $1,566 per year, or $131 per month. That’s 31% cheaper than the state average rate.
Oklahoma faces a wide range of risks including tornadoes, wildfires and hailstorms in the summer. Shelter offers coverage that’s especially helpful for inclement weather claims, like paid debris removal and fire department charge reimbursement.
Shelter also boasts an outstanding customer service score of 0.25 in the NAIC complaint index. This means that the company receives 75% fewer complaints than the average company its size.
The most prominent drawback to Shelter is that the company doesn’t offer many unique discounts. You can still save by bundling multiple policies, buying a new home and installing protective fire or security alarms, but Shelter offers fewer discounts than other companies.
