Oklahoma can be one of the best places to live in the country if you are looking for greener pastures or a relatively quiet suburban life. Yet whether you live on the prairie or near Oklahoma City or Tulsa, there are risks such as fires, crime, and most alarmingly tornadoes to be concerned about. You need to protect your home, and while there are materials and devices that can help, you still need a homeowners insurance policy in case the worst happens. It’s relatively expensive here, but we made every effort to find the cheapest providers for you.
Here are the three cheapest homeowners insurance providers operating in Oklahoma:
The Three Cheapest Quotes:
We ask you to note that the below descriptions and average quotes will not be the same as your eventual experience and instead follow general trends. This is because there are many different types of homeowners, homes, and risk factors in the state, all of which affect quotes.
The number listed next to each provider is the average annual rate for a standard policy.
1) Allstate: $3,004
The cheapest option on average for Oklahoma and overall an excellent provider of homeowners insurance, Allstate will be able to provide people with a wide range of additional options that might be just what you need. We also found Allstate to be among the best choices for people with older homes and those looking to bundle insurance plans.
However, while great in other regards, it might appear that they’ve cut corners on customer service, because the quality control where that is concerned is lacking. You might have to deal with pushy agents, rate spikes due to a lack of prior information, slow response times, and more. If you want fewer headaches, perhaps a more expensive option is worth the assurance.
You can expect the following working with Allstate:
- Helpful and modern online and mobile apps, allowing you to handle most insurance tasks no matter where you are.
- Optional coverages including water backup, identity theft restoration, garden and landscaping, business property, scheduled personal property coverage, and umbrella coverages.
- A few special endorsements available for expensive items in your home.
2) State Farm: $3,450
Normally a company that can provide you with a cheap policy that’s simple but effective, State Farm can deliver that on a relative scale, but not even their massive infrastructure and experience can negate the added risk and thus the necessary price hike in the state. Yet they are the most popular insurance provider in the country for a reason. Serving millions, you will get a plan that’s serviceable, fulfills requirements, and handles most common situations. If that’s what you need, you probably don’t have to look further.
However, if you’re looking for special coverages, customization options, or perhaps most commonly discount opportunities, State Farm will not be your best choice. What you find on the surface is what you’ll wind up with.
You can expect the following working with State Farm:
- One of the best online quoting tools in the business, giving you all the information you might need quickly and easily.
- A wide network of agents that allows you to have easy access to support when getting a policy.
- Basic discounts available for bundling and installing some standard protective devices and systems in your home.
3) Farmers: $4,275
While Farmers is more expensive than the first two entries, is also is able to provide more on the customer service and customization fronts, making them the best choice if you need a specialized policy or know exactly what you want. It should also be listed here that they are an excellent choice for new homeowners due to discounts offered.
Yet there are some downsides with Farmers, and most people discover them after they’ve signed up. For one reason or another, customers aren’t satisfied with their coverage after the fact, and high rates can occur a bit into your time with them as well.
You can expect the following working with Farmers:
- The ability to repair your damaged home with eco-friendly materials.
- Options specifically for townhomes, condos, and other types of housing.
- Declining deductibles and claim forgiveness for those who make claims rarely to infrequently.
Other Notable Oklahoma Homeowners Insurance Providers
We could not reliably get an average annual quote from every insurance provider in the state, but there are still a few other companies that we think are worth your attention. Here are the top two:
4) Oklahoma Farm Bureau
One of the many Farm Bureau organizations across the country, the Oklahoma Farm Bureau is an organization that focuses on advocating for and improving the lives of farmers across the state, and the main benefit to being a member (and anyone, not just farmers, can be a member) is access to some excellent insurance options. They’re usually cheaper than the competition, and their homeowners insurance plan will cover all of the usual concerns you might have.
The main downside to working with them is the fact that they do require you to be a member, which can be an added step. They also do not have all the online bells and whistles found elsewhere, and are still a smaller organization.
You can expect the following working with Oklahoma Farm Bureau:
- Experience working with farmers and other agricultural workers, with knowledge of how to cater to their needs.
- Plenty of additional insurance products offered on top of homeowners policies.
- Discounts available for bundling, having a strong roof, going claim-free for three years, installing alarms, and having a new home.
USAA is an organization that works for military members and their families, and one of the main things they provide is insurance packages, all of which are extremely competitive and tailored to those specific needs. We found nothing lacking in their plans, and their service is among the best for their select customers.
The main downside is that they only work with military members, former military members, and their families, but other than this we found that they are one of the best providers in the country for those groups, and any qualifying Oklahoma homeowner should hear them out.
You can expect the following working with USAA:
- Unparalleled experience in working with military families.
- Options to lower your premium.
- Transparency when it comes to your annual rate and how they operate.
We understand that getting homeowners insurance in Oklahoma can be a financially challenging prospect, but we also know that you know the risks of living in the state for your home, making a policy even more necessary. We ask that once you’re done reviewing everything here, you get some quotes and list out your coverage priorities. We hope that the above information allows you to find an affordable policy that you’ll be satisfied with and that your home remains a great place to live for decades to come.