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2019 Guide: Best Homeowners Insurance Companies in Oklahoma

Oklahoma’s average premium rate for homeowners insurance is $1879 per year. It’s almost $700 more than the national average of $1173. The state is highly prone to natural disasters such as tornadoes and earthquakes. In fact, Oklahoma is now one of the most earthquake-prone regions in the U.S.
Oklahoma’s average premium rate for homeowners insurance is $1879 per year. It’s almost $700 more than the national average of $1173. The state is highly prone to natural disasters such as tornadoes and earthquakes. In fact, Oklahoma is now one of the most earthquake-prone regions in the U.S.

Oklahoma is regularly attacked by natural disasters. For instance, the devastating tornado of 2013 that destroyed over a hundred homes in the area causing close to $1 billion in damages. As a result of this, homeowners insurance premium rates in Oklahoma have skyrocketed, and the average premium rate is now $1879. It is almost $700 more than the country’s average, i.e., $1173.

Even though the premium rates are on the higher side, as a homeowner in Oklahoma, it’s always better to be safe than sorry. That said, your premium will depend on the size of your home, exact location, the risk of damage from natural disaster, etc. If you’re looking for a suitable homeowners insurance in Oklahoma, you’re in the right place. In this post, we’ve listed the top 5 homeowners insurance companies in Oklahoma and listed the benefits of each. By the end of the post, you’ll be able to narrow down your choice to the best one.

Top 5 Homeowners Insurance Companies in Oklahoma

Let’s look at the top 5 homeowners insurance companies in Oklahoma!

Farmers Insurance

Farmers Insurance has received a “very good” rating from J.D. Power and Consumer Reports for overall customer experience, and an “A” rating for financial stability from A.M. Best, S&P Global, and Moody’s. You may be wondering why it has been placed at #1 even though the ratings are not outstanding. Well, there’s more to Farmers Insurance’s story than just ratings.

Farmers Insurance is one company that provides homeowners with a robust online tool to obtain quotes. Moreover, the FAQ section on their site is heavily detailed and contains lots of valuable information for homeowners in Oklahoma. As soon as you post a query, you’ll get a call from the agent who’ll help you find the right homeowners insurance policy at a suitable premium price. You’ll find some of the most comprehensive quotes at Farmers.

They offer great discounts if your home is EPA, Energy Star, or LEED certified; in simpler words, a “Green” home.

State Farm

State Farm has 28% of the market share when it comes to homeowners insurance in Oklahoma. J.D. Power has rated State Farm 4 out of 5 for customer satisfaction, and 3 out of 5 for the speedy processing of claims. It has received a “very good” rating from Consumer Reports for overall customer happiness, and claim services.

Their site is user-friendly, and you can easily obtain quotes using online tools. However, their premium rates are somewhat high.

Liberty Mutual

When it comes to overall customers satisfaction and experience, Liberty Mutual beats all other homeowners insurance companies in Oklahoma. They’ve received an “excellent” rating from Consumer Reports for exceptional customer experience. For the claims process, J.D. Power has rated the company 6 out of 6. It has received an “A” rating from A.M. Best, S&P Global, and Moody’s for strong financial backup.

However, their site is a bit cumbersome. Their online quote does not function properly and displays an error every time we use it. The “Home Gallery App,” and “MasterThis” section are two features that draw potential customers.

Allstate

Even though Allstate was not one of our top picks, there’s something special about this company that is attracting potential homeowners insurance buyers. J.D. Power has rated Allstate 3 out of 5 for overall customer happiness and claims process. The company has received a Readers Score of 80 out 100 by Consumer Report, and an “A” rating from A.M. Best, S&P Global, and Moody’s for sound financial support. No matter how large your claim is, Allstate will be able to help you.

The online quote tool on Allstate’s site is very helpful and user-friendly. It’ll provide you with the lowest quote out of all the top homeowners insurance companies listed in this post. So, if you’re new to the homeowners insurance game, this tool can come in handy to understand different policy coverages and premium rates.

USAA

Oklahoma has almost 20,000 military personnel. So, if you’re in the military or closely related to the military, here’s some good news: You can look at USAA for all your homeowners insurance related requirements. You are also eligible for USAA homeowners insurance if you’re a part of the ROTC training or the U.S. Service Academy.

When it comes to ratings, USAA beats everyone on the list. It has received an “excellent” rating from Consumer Reports, and an outstanding Readers Score of 92 out of 100. However, only the military personnel can benefit from USAA homeowners insurance. For the military families, they also provide coverage for uniforms, and discounts as high as 10%.

Additional Considerations Before You Commit to a Homeowners Insurance Carrier

Now that you’ve gone through the list of top 5 homeowners insurance companies in Oklahoma, you can easily pick the best one for your home. But, before you seal your decision, check these additional factors that you should consider while choosing the best homeowners insurance provider in Oklahoma.

  1. Make sure your homeowners insurance policy covers damages due to earthquakes. Regular policies typically do not cover earthquakes. Even if it does, it does not cover man-induced earthquakes. So, if your policy does not cover earthquakes, get in touch with an insurance agent.
  2. Before you narrow down your choice to one, compare the quotes provided by all the homeowners insurance providers in Oklahoma, and then decide.
  3. Put each homeowners insurance provider under the microscope, and check everything from their financial stability ratings to their overall customer satisfaction scores.
  4. Talk to other homeowners in Oklahoma, and see what they have to say about the top 5 homeowners insurance providers mentioned in this post. You can also check third-party review sites to check the reviews and ratings of the home insurance provider of your choice.

If you’re currently evaluating your options for homeowners insurance on your next property in Oklahoma, a good first step is to connect with an experienced local real estate agent.

Agents can provide valuable guidance and advice on what kind of coverage you should be looking for, how much you’ll need given your property type and location, and make recommendations that can help you save on your monthly premium. They can also point you in the direction of quality insurance carriers and trustworthy local agencies or independent agents.

Fill out our online form to connect with a top-rated buyer's agent near you for a no-obligation, introductory call.

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Andrew Schmeerbauch

Andrew Schmeerbauch is the Director of Marketing at Clever Real Estate, the free online service that connects you top agents to save on commission. His focus is educating home buyers and sellers on navigating the complex world of real estate with confidence and ease. Andrew has worked on projects for the United Nations and USC and has a particular passion for investing and finance. Andrew's writing has been featured in Mashvisor, L&T, Ideal REI, and Rentometer.

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