Best homeowners insurance in Tulsa, OK (2024)

We looked at average costs, customer service ratings, and policy options from multiple top insurers to find the best and cheapest home insurance companies in Tulsa.

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By

Rachael BrennanSenior Editor & Licensed Insurance ExpertRachael Brennan is a licensed auto insurance expert and a former senior editor at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Edited by

Pat HowardPat HowardManaging Editor & Licensed Home Insurance ExpertPat Howard is a licensed insurance expert and former managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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Tulsa may be known for its beautiful art deco architecture and tasty southern cuisine, but it also has a reputation for inclement weather and high home insurance rates. 

The average cost of homeowners insurance in Tulsa is $3,735 per year for a policy with $300,000 in dwelling coverage. This is about 113% higher than the average nationwide rate of $1,754. 

Compare home insurance rates in Tulsa

Compare the best cheap homeowners insurance companies in Tulsa

Of the companies we looked at, Allstate’s $2,779 average annual premium is the lowest in Tulsa, while Foremost’s average yearly rate of $4,930 is the highest. While average costs are generally high in Tulsa due to the threat of tornadoes and wildfires, there are several ways to keep costs down while ensuring your home is fully protected, as we’ll explain later in this guide.

To find the best cheap homeowners insurance in Tulsa, Policygenius rated over a dozen of the largest insurance companies in Oklahoma across several categories, such as average policy cost, financial strength ratings with AM Best, customer and claims satisfaction scores with J.D. Power, available policy options, and more.

Company

Average monthly cost

Policygenius rating

State Farm

$277

4.8 out of 5

Farmers

$267

4.5 out of 5

Allstate

$232

4.4 out of 5

Farm Bureau Insurance

$313

3.9 out of 5

Shelter Insurance

$346

3.8 out of 5

Methodology & why you can trust our rates

Policygenius has analyzed home insurance rates provided by Quadrant Information Services in March 2022 for ZIP codes in all 50 states plus Washington, D.C., for a 40-year-old female homeowner with no claim history, good credit, a $1,000 deductible, and the following coverage limits:

  • Dwelling: $300,000

  • Other structures: $30,000

  • Personal property: $150,000

  • Loss of use: $60,000

  • Liability: $300,000

  • Medical: $1,000

All rates based on the above coverage limits except where otherwise noted.

Some carriers may be represented by affiliates or subsidiaries. Rates provided are a sample of costs. Your actual quotes may differ.

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2024 Policygenius award winner

State Farm

State Farm logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.8

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A++

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Offers extended replacement cost

Offers flood insurance

Offers earthquake insurance

Wind/hail deductible

Offers wildfire insurance

Why we chose itchevron icon

State Farm is one of the best home insurance companies in Tulsa thanks to its large selection of policy options, high customer service marks, and industry-best financial stability ratings.

Pros and conschevron icon

Pros

  • Top-tier coverage add-ons, including extended replacement cost coverage

  • High customer satisfaction and financial strength ratings

Cons

  • No discounts for first-time homebuyers

More detailschevron icon

Why we chose State Farm

State Farm is the best home insurance company in Tulsa, especially if you want to add coverage to a basic policy. State Farm lets homeowners get extended replacement cost coverage for their homes, replacement cost coverage for their personal property, water backup protection, and more.

State Farm's customer service is highly rated, too. The company has received high ratings from policyholders, according to J.D. Power’s 2022 customer satisfaction, claims, and digital experience surveys. It has also received the highest rating possible from A.M. Best for financial strength and stability.

How do State Farm home insurance rates compare to the Tulsa average?

The average cost of home insurance from State Farm in Tulsa is $3,323 per year, which is 11% cheaper than the Tulsa average.

How to get a quote

Online through State Farm or by contacting your local State Farm agent.

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2024 Policygenius award winner

Farmers

Farmers Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Offers extended replacement cost

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Farmers is one of the best home insurance companies in Tulsa. The company has a range of coverage add-ons, discounts, and high claims satisfaction scores — and rates are lower than the average in Tulsa.

Pros and conschevron icon

Pros

  • Optional extended or guaranteed replacement cost dwelling coverage

  • Receives few complaints from policyholders

  • Lower rates than the state average in Oklahoma

Cons

  • Below-average scores on J.D. Power’s overall customer satisfaction and digital experience surveys

More detailschevron icon

Why we chose Farmers

Farmers is one of the best home insurance companies in Tulsa. You can customize your Farmers home insurance with coverage options like guaranteed or extended replacement cost coverage, water backup protection, and a personal articles floater.

Farmers also earned a high score in J.D. Power’s 2022 claims satisfaction study (though it was below-average on J.D. Power’s overall customer satisfaction and digital experience surveys). Plus, Farmers receives fewer complaints than average, according to the National Association of Insurance Commissioners.

How do Farmers home insurance rates compare to the average in Tulsa?

The average cost of Farmers home insurance in Tulsa is $3,201 per year, which is 14% cheaper than the average cost of home insurance in the city.

How to get a quote

Online through Farmers

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2024 Policygenius award winner

Allstate

Allstate logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.5

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A+

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Smart home discounts

Why we chose itchevron icon

Allstate is one of the best homeowners insurance companies in Tulsa for people who want cheap rates. Besides affordability, Allstate also offers a few perks to lower your deductible each year you go without filing a claim.

Pros and conschevron icon

Pros

  • Rates are much cheaper than average in Oklahoma

  • Extensive list of discounts and policy features to lower your bill and deductible costs

  • Offers HostAdvantage — an excellent short-term rental coverage add-on that can be seamlessly added to any policy.

Cons

  • Beginning to pull back coverage in high-risk areas

  • Customer experience scores with J.D. Power are below the segment average

More detailschevron icon

Why we chose Allstate

Allstate made our list of the best home insurance companies in Tulsa. If you're looking for affordable rates, the cost of coverage from Allstate is almost $1,000 cheaper than the city average.

Besides Allstate's lower-than-average premiums, its high customer satisfaction ratings and excellent coverage options make it a top choice for homeowners in Tulsa. We also like that Allstate has discounts for setting up automatic payments, bundling policies, and signing up for coverage before your current policy expires — all easy for many people to qualify for.

It also stands out thanks to its diminishing deductible program each year you go without filing a claim. Your rates also won't go up if you only file one claim within a five-year period.

How do Allstate home insurance rates compare to the Tulsa average?

The average cost of an Allstate home insurance policy in Tulsa is $2,779 per year, which is 26% cheaper than the city average.

How to get a quote

Online through Policygenius or Allstate, or by contacting a local Allstate agent

Texas Farm Bureau

Farm Bureau Financial Services logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starHalf orange starEmpty gray star

3.9

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Why we chose itchevron icon

Oklahoma Farm Bureau offers exceptional customer service and the option to bundle a slew of insurance policies on top of just home insurance, include farm and ranch coverage.

Pros and conschevron icon

Pros

  • Excellent customer service score — received 99% fewer complaints expected for a company of its size in 2021

  • Excellent financial strength rating from A.M. Best, proving it likely has the funds to pay out claims in the wake of a natural disaster

  • Only pay one deductible if your home, car, and boat are damaged in the same event and you bundle your insurance policies with Farm Bureau

Cons

  • Need to have a Farm Bureau membership to purchase insurance

More detailschevron icon

Why we chose Oklahoma Farm Bureau

Oklahoma Farm Bureau offers a complete line of insurance products — from auto, home, life, commercial, and ranch, allowing you to have all of your policies with one company. Farm Bureau is a great option for Tulsa residents looking for personalized customer care and recommendations from a local company that knows the area best.  

How do Oklahoma Farm Bureau home insurance rates compare to the Tulsa average?

The average cost of Oklahoma Farm Bureau home insurance in Tulsa is $3,751 per year, which is about equal to the average premium in Tulsa.

How to get a quote

By contacting a local Oklahoma Farm Bureau agent

award icon

2024 Policygenius award winner

Shelter Insurance

Shelter Insurance logo

Policygenius rating 

Our proprietary rating methodology takes multiple factors into account, including customer satisfaction, cost, financial strength, and policy offerings. See the "methodology" section for more details.

Full orange starFull orange starFull orange starFull orange starHalf orange star

4.3

AM Best rating 

AM Best is a global credit rating agency that scores the financial strength of insurance companies on a scale from A++ (Superior) to D (Poor).

A

Cost 

Using a mix of internal and external rate data, we grade the cost of each insurance company's premiums on a scale from least expensive ($) to most expensive ($$$$$).

$

$

$

$

$

Bundle home & auto

Mobile app

New homebuyer discount

Offers earthquake insurance

Offers flood insurance

Smart home discounts

Why we chose itchevron icon

Shelter is one of the best homeowners insurance companies in Tulsa. The company specializes in covering high-risk properties, and offers both private flood insurance and coverage through the National Flood Insurance Program.

Pros and conschevron icon

Pros

  • Earns a 5-star rating for its customer service and coverage options

  • Offers both private flood insurance and government-backed coverage through the NFIP

  • Mobile app makes it convenient to manage your policy, make payments, and file claims

Cons

  • Rates are higher than average

More detailschevron icon

Why we chose Shelter

Shelter is one of the companies with the best homeowners insurance in Tulsa. Shelter offers a range of coverages that you can add to a basic policy, including water backup protection, inflation guard for your policy's coverage, and (impressively) flood and earthquake insurance.

As far as customer service goes, Shelter receives far fewer complaints than average, according to the National Association of Insurance Commissioners. It specializes in insuring high-risk homes, but we found that Shelter's rates are much higher than average.

How do Shelter home insurance rates compare to the Tulsa average?

The average cost of home insurance from Shelter in Tulsa is $4,149 per year, which is 11% more expensive than the city average.

How to get a quote

Online through Shelter

Compare home insurance rates in Tulsa

How much is homeowners insurance in Tulsa?

The average cost of home insurance in Tulsa is $3,735 per year, or $311 a month, for a policy with $300,000 in dwelling coverage. This is around 10% cheaper than the average annual cost of $4,161 for homeowners insurance in Oklahoma, and about 113% higher than the national average. 

Tulsa home insurance rates by ZIP code

Home insurance rates can vary substantially depending on which ZIP code your home is located in, as homes in certain Tulsa neighborhoods may be more prone to extreme weather damage or property crime than others.

To help you find out how much home insurance costs where you live, we calculated average home insurance rates by ZIP code in Tulsa.

ZIP code

Average annual cost

Difference from state average (%)

74133

$3,694

-11%

74136

$3,750

-10%

74137

$3,742

-10%

74105

$3,723

-11%

74115

$3,743

-10%

74112

$3,671

-12%

74134

$3,782

-9%

74135

$3,724

-11%

74107

$3,794

-9%

74129

$3,716

-11%

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Cheapest ZIP codes for home insurance in Tulsa

With an average home insurance rate of $3,601 per year, the 74119 ZIP code is the most affordable area for home insurance in Tulsa.

ZIP code

Average annual cost

Difference from state average (%)

74119

$3,601

-13%

74112

$3,671

-12%

74106

$3,677

-12%

74103

$3,679

-12%

74104

$3,682

-12%

74114

$3,683

-11%

74146

$3,683

-11%

74120

$3,684

-11%

74108

$3,686

-11%

74133

$3,694

-11%

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Most expensive areas for homeowners insurance in Tulsa

With an average annual premium of $4,070, the 74172 ZIP code is the most expensive ZIP code in Tulsa for home insurance. If you live one of these ZIP codes, your rates might be among the highest in the city.

ZIP code

Average annual cost

Difference from state average (%)

74172

$4,070

-2%

74132

$3,859

-7%

74171

$3,810

-8%

74145

$3,798

-9%

74107

$3,794

-9%

74134

$3,782

-9%

74117

$3,766

-9%

74136

$3,750

-10%

74115

$3,743

-10%

74137

$3,742

-10%

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Learn more >> Home insurance rates by ZIP code

Tulsa home insurance costs by coverage amount

Along with your home's location, your homeowners insurance premiums are primarily based on how much dwelling coverage is in your policy. This is the centerpiece of your home insurance coverage, covering the cost to repair or rebuild your home after a covered disaster.

Here are the average rates for homeowners insurance based on coverage amount.

Dwelling coverage limit

Average annual cost

$100,000

$1,741

$200,000

$2,738

$300,000

$3,735

$400,000

$4,788

$500,000

$5,860

Tulsa home insurance costs by deductible amount

Your home insurance deductible is the amount you’re responsible for paying on each claim before insurance kicks in to help cover the cost of repairing or replacing your property. A higher deductible means lower insurance premiums, but it also means you're responsible for paying more out of pocket when you file a claim.

Here are the average rates for homeowners coverage by deductible amount.

Deductible

Average annual cost

$500

$3,413

$1,000

$3,751

$2,000

$2,756

Cheapest homeowners insurance companies in Tulsa

Based on our analysis, Allstate, American National, and Armed Forces Insurance are the three cheapest home insurance companies in Tulsa, with average premiums citywide ranging from $2,779 to $3,072 per year.

Company

Average annual cost

Allstate

$2,779

American National

$3,028

Armed Forces Insurance

$3,072

AFR Insurance

$3,114

Farmers

$3,201

State Farm

$3,323

USAA

$3,740

Farm Bureau Insurance

$3,751

Shelter Insurance

$4,149

Chubb

$4,833

The Hanover

$4,903

Foremost

$4,930

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Cheapest home insurance in Tulsa if you have poor credit

bad credit score does more than just cost you a few dollars in late payment fees — it can also make your auto and home insurance rates thousands of dollars higher.

Here are the average rates for homeowners insurance for Tulsa residents with poor credit.

Company

Average annual cost

AFR Insurance

$3,765

Armed Forces Insurance

$3,944

Allstate

$4,517

USAA

$4,843

Farm Bureau Insurance

$4,983

Shelter Insurance

$5,706

State Farm

$5,709

Farmers

$6,442

Chubb

$7,795

Foremost

$8,146

American National

$9,108

The Hanover

$9,777

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Cheapest home insurance in Tulsa if you have an older home

Insurance carriers consider older homes to have a higher risk of damage or loss compared to newer homes since they're constructed with older and more difficult to replace materials. Additionally, certain structural components in older homes, like the roof or plumbing systems, may not be up to code. 

Here are the average homeowners insurance rates for Tulsa residents with older homes.

Company

Average annual cost

American National

$2,499

Allstate

$2,676

Farmers

$3,077

AFR Insurance

$3,114

Armed Forces Insurance

$3,209

State Farm

$3,323

Farm Bureau Insurance

$3,751

USAA

$3,755

Shelter Insurance

$4,149

Chubb

$4,317

Foremost

$4,808

The Hanover

$5,031

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Cheapest homeowners insurance in Tulsa if you have a history of claims

Claims history is one of the biggest factors that insurance companies use when calculating your home insurance premiums. If you have multiple claims on your record, your insurer will likely view you as a risk for filing future claims and may charge you higher rates as a result.

Here's the cheapest home insurance companies in Tulsa for a homeowner with three claims within a five-year period on their record.

Company

Average annual cost

Farmers

$3,538

State Farm

$3,792

AFR Insurance

$3,884

Allstate

$4,028

American National

$4,374

Armed Forces Insurance

$4,797

The Hanover

$5,031

USAA

$5,227

Farm Bureau Insurance

$6,515

Shelter Insurance

$8,432

Chubb

$8,827

Foremost

$9,724

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How to get homeowners insurance quotes in Tulsa

Shopping for homeowners insurance doesn’t have to be overly complicated. By comparing quotes from different insurance companies, you can find the best policy at a price you can afford. If you have questions, a Policygenius agent is here to help. 

Here are 5 steps to buying homeowners insurance in Tulsa:

5 steps to buying homeowners insurance in Tulsa, OK

  1. Reach out to a licensed Policygenius agent. Our agents can determine how much coverage you need and help you find it for the best price. Our services won’t cost you anything and won’t impact your credit score.

  2. Ask about a wind-only policy for tornado coverage.  Since tornadoes are frequent hazards in Oklahoma, it’s possible they aren’t covered in your homeowners insurance policy. Ask a Policygenius agent if you need wind-only insurance to make sure you’re covered. 

  3. Figure out how much you can afford to pay for your deductible. Knowing what you are able to pay out of pocket can help you determine if you’re better off with a low deductible to save money on potentially several claims, or a higher deductible to lower your home insurance rate.

  4. Compare quotes from a Policygenius agent. If you have a pool, poor credit, or a pit bull, you might be viewed as a high-risk customer by certain insurance companies. By shopping around and comparing rates, you can find the most affordable home insurance available. 

  5. Choose your policy, sign it, and pay your first premium. A Policygenius agent can complete the necessary paperwork for you to sign and show you how to make your first payment. We’ll even cancel your old policy for you. 

Compare home insurance rates in Tulsa

Frequently asked questions

What is the average homeowners insurance cost in Oklahoma?

The average cost of homeowners insurance in Oklahoma is $4,331 per year. The average cost in Tulsa is slightly lower, at $3,735 per year.

How much is tornado insurance in Oklahoma?

If tornados are not covered in your homeowners insurance policy, check with a Policygenius agent about separate windstorm insurance. Since Oklahoma is prone to tornadoes, you need to make sure your home is covered.

How much coverage should you buy for your home to be fully insured?

When selecting a dwelling coverage amount, you’ll want to make sure your policy covers your home’s replacement value. This is the cost to rebuild your home from the ground up after a covered loss.

Is home insurance high in Oklahoma?

Due to the risk of tornadoes and wildfires, Oklahoma has some of the highest homeowners insurance rates in the country. The average rate in Oklahoma is $4,331 per year — 147% higher than the national average of $1,754.

Author

Rachael Brennan is a licensed auto insurance expert and a former senior editor at Policygenius. Her work has also been featured in MoneyGeek, Clearsurance, Adweek, Boston Globe, The Ladders, and AutoInsurance.com.

Editor

Pat Howard is a licensed insurance expert and former managing editor at Policygenius. Pat has written extensively about the home insurance industry and his insights as a subject matter expert have appeared in several top tier publications, including The New York Times, The Wall Street Journal, CNBC, and Reuters. Pat has a bachelor's degree in journalism from Michigan State University.

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