Buying a house is one of the biggest investments you’ll make, so protecting it with a homeowners insurance policy will ensure that it will be covered after an unexpected event, such as a tornado or fire. A home insurance policy can also help replace your personal property if it’s stolen or ruined.
Whether you live in the bustling city of Tulsa or another town in the Sooner State, a home insurance policy can protect your home and provide peace of mind that your house is protected all year round.
The This Old House Reviews team researched the best home insurance carriers in Oklahoma, rating them on key metrics like customer service, reputation, cost, coverage, customization, and unique benefits. We found the following top three insurers to consistently offer excellent policies throughout the state.
To give you an idea of insurance plan pricing, we’ve included sample quotes for policies with different coverage options in various Oklahoma ZIP codes on houses of different sizes and ages. However, since pricing can vary depending on your location and personal details, we recommend calling 855-948-5219 or entering your ZIP code into the tool above to get instant quotes from providers near you.
3 Best Home Insurance Companies in Oklahoma
Here are the top providers of homeowners insurance in Oklahoma:
Lemonade: Easiest Sign-Up
- J.D. Power Rating: N/A
- AM Best Rating: NR
Lemonade is relatively new to the home insurance industry, providing a unique, user-friendly homeowners insurance experience. Scoring an 83.5 out of 100, it impressed us most with its AI technology and fast sign-up and claims process.
The company is known to pay out basic claims within seconds through its mobile app. Its software can process your requests and make decisions without having to involve a Lemonade representative. The company also sells other insurance products like renters insurance and pet insurance.
We recommend checking out Lemonade if you’re looking for a hassle-free homeowners insurance experience and don’t want to worry about waiting on busy representatives to handle your questions or claims. Use this online tool to get a free quote based on your details.
Lemonade also stands out for the following reasons:
- Has a giveback program that donates a portion of your premiums to a charity of your choice
- Offers a swimming pool liability coverage option to anyone looking for extra protection related to pool accidents
- Includes scheduled property coverage for portable electronics with its base policy
Lemonade Sample Pricing
Get a Quote: Lemonade Home Insurance Quote
Learn More: Lemonade Home Insurance Review
*AM Best ratings accurate as of August 2023
Allstate: Best Coverage Options
From supportive online resources that help customers determine the coverage they need to comprehensive coverage that includes a handful of add-ons for fine-tuning your policy, we recommend Allstate as the best home insurance company in Oklahoma and an ideal place to start your search. Allstate scored the highest in our national home insurance review of dozens of companies with a 98.1 out of 100.
Get a quote from Allstate to compare custom home insurance rates and offers with other providers based on your specific details.
In addition to its comprehensive coverage, Allstate features these benefits:
- Includes family members in personal liability coverage
- Offers a discount for enrolling in the Easy Pay Plan, which helps policyholders avoid late payment penalties
- Provides the Claim RateGuard add-on, which keeps your premium from increasing after you make a claim
Allstate Sample Pricing
Farmers: Most Customizable Coverage
- J.D. Power Rating: 792/1000
- AM Best Rating: A
Scoring a 94.4 out of 100, Farmers is an impressive home insurance provider for its customizability. Farmers offers 13 deductible options, eight personal property coverage limit options from 40% to 100% of your dwelling coverage, and five personal liability options from $100,000 to $2 million.
If you’re comfortable covering less of your dwelling, you can decrease your coverage limit to 80% of the amount it suggests to help lower your monthly home insurance rates.
Get an online quote from the Farmers website to compare prices and customize your policy.
Farmers also offers these benefits:
- Has a decreasing deductible benefit that credits policyholders with $50 towards their deductible each year they don’t file a claim
- Offers a 10% claims-free discount after three years of not filing a claim
- Offers a free claim forgiveness benefit after five years of holding your policy
Farmers Sample Pricing
*Based on sample quotes we received on a 1,800-square-foot single-family house in Tulsa, Oklahoma
**Figures pulled from the companies’ Better Business Bureau (BBB) profiles in 2022
Oklahoma Homeowners Insurance Coverage
Homeowners insurance policies in Oklahoma include the following coverage types:
- Dwelling—This is generally the highest amount of coverage you’ll need, and it typically equals the overall value of your home. It covers the rebuilding cost of the structure of your house after a destructive event, such as a fire or tornado.
- Other structures—This coverage is usually around 10% of your dwelling limit and pays for damages to structures or buildings that aren’t considered part of your home. These structures could include a detached garage, storage shed, or fence.
- Personal property—This coverage protects all of your personal belongings and the contents of your house. Your policy will pay the replacement cost or depreciated value of your belongings up to your agreed annual limit if they’re damaged during a peril, stolen, or vandalized. The annual coverage limits are usually customizable, but they typically fall around 60%–75% of your dwelling amount.
- Loss of use—This category covers any additional living expenses you may incur after a destructive event forces you to temporarily relocate. For example, if a fire destroys the interior of your house, your insurer will pay for your hotel costs while your house is being repaired or rebuilt.
- Personal liability—This coverage typically starts at $100,000 but can be customized to amounts in the millions. It covers any legal fees or medical expenses related to accidents or injuries to others on your property that you’re responsible for.
- Medical payments to others—This coverage is usually around $1,000–$5,000 and covers medical bills for visitors who get injured on your property. It’s different from liability coverage in that it’s specifically designed for no-fault accidents.
Factors To Consider Before Buying Homeowners Insurance
Here are some helpful factors to consider before purchasing a home insurance policy for your Oklahoma house:
- Endorsements—Also called add-ons, floaters, or riders, these are additional coverage options offered by each provider that can help you get the exact coverage you need. For example, Allstate’s business property coverage add-on can be great for those working from home, and Lemonade’s swimming pool liability coverage is a must-have for homeowners with a pool or spa on their property.
- Customization—You can choose the limits for each coverage category to ensure you only pay for what you need. When getting your quote, customize each amount to fit your coverage needs. Farmers has the most flexible insurance options on the market.
- Discounts—All three of the home insurance companies listed in this review offer a range of discounts to help lower your monthly premiums. From saving with Allstate’s Easy Pay Plan for automatic billing to Lemonade’s gated community discount, you may be eligible for substantial savings when filling out a quote. Additionally, all three providers offer a discount if you have fire alarms and home security systems installed in your home.
- Deductibles—Choosing a lower deductible can save you money when you file a claim, since you’ll owe less out of pocket before the insurer pays for an event, but it can make your premium significantly higher. Because Oklahoma is prone to tornadoes, most home insurance providers have a separate deductible for claims related to wind damage. This deductible is usually around 2% of the dwelling limit but can be customized based on your coverage needs.
Whether you’re leaning towards Allstate for its impressive overall coverage and benefits, Farmers for its wide range of customizable coverage options, or Lemonade for its unique technological features and sign-up tool, you’ll receive comprehensive home protection with any of these three providers.
Ultimately, we recommend getting quotes from a few different companies to compare offers and pricing based on your personal information, since policies and premiums can vary depending on your ZIP code, credit score, and claims history, as well as your house’s size, age, and various details. Call 855-948-5219 or use the tool below to get started with companies in your area:
Our Rating Methodology
The This Old House Reviews Team is committed to providing comprehensive and unbiased reviews to our readers. This means earning your trust through transparency and having the data to back up our ratings and recommendations.
With that in mind, we created an objective rating system to score each home insurance company. Here’s what that review process looked like:
- We analyze the information on each company’s website. This allows us to determine what products and services are offered by each home insurance provider.
- We get a sample quote from the companies by either talking to a sales representative or by using the online quote tool. This tells us what a policy looks like and costs.
- We test customer service by talking to a company representative, finding out their hours of operation, and determining what technological features are available for customers.
- We update all of this information on a continuous basis, storing it in a proprietary database that allows us to compare dozens of home insurance companies against each other.
With this data, we created a rating methodology to score each home insurance company. Our rating system is a weighted, 100-point scale based on the following factors:
- Coverage (30): We rated home insurance companies higher if they offered the six main types of homeowner protection—dwelling, other structures, personal property, loss of use, liability, and medical payments to others coverage.
- State availability (7.5): Companies scored higher if they covered more states than their competitors.
- Customer service (15): This factor is based on our communications with the company representatives, as well as the companies’ claims and quotes processes, availability throughout the week, and customer service information found on their websites.
- Technology (12.5): Technology can increase the efficiency of filing and tracking home insurance claims. Companies scored higher if they had technology options like mobile apps and online chat functions.
- Reputation (20): We gauged trustworthiness based on years of experience and Better Business Bureau ratings.
- Additional benefits (15): Companies that offered optional features, like discounts and endorsements, scored higher than competitors that didn’t.
The This Old House Reviews Team has a full-time researcher who collects and regularly updates data points from every company to help us compare them on key factors such as coverage, service, and dependability.
To share feedback or ask a question about this article, send a note to our Reviews Team at email@example.com.
AM Best Disclaimer