How to find affordable homeowners insurance in Oklahoma City
One of the most important aspects of homeownership is home insurance. Along with your personal property, homeowners insurance covers your dwelling against many perils, including wind damage, fire, and vandalism. With the relative frequency of such perils — and the high cost of rebuilding or repairing damages to a home — obtaining homeowners insurance is a smart investment. The average homeowners policy costs $382 per month in Oklahoma City, Oklahoma. This is more than triple the average American's monthly home insurance payment.
The price of a home insurance policy factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your home also contributes to the price of your homeowners insurance policy. In areas prone to perils like windstorms, hail, fire, or even theft, home insurance rates may be higher to account for the extra risk. Find out more information about what your homeowners insurance policy covers.
Finding cheap home insurance in Oklahoma City starts with shopping around and comparing policies. Take a look at the summary below showing average home insurance rates in Oklahoma City to begin your homeowners insurance search with as much info as you can. It's important to remember that the cost of your homeowners insurance is often based on the coverage limits you choose as well as a variety of other factors.
Table of contents:
- Rates by insurer
- Rates by coverage amount
- Rates by ZIP code
- Rates by deductible amount
- Policy bundling savings
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Oklahoma City home insurance by company
Oklahoma City homeowners insurance rates will vary depending on which insurance company you choose. The most inexpensive home insurance in Oklahoma City comes from Safeco, which offers average annual rates of just $1,949 per year. This is more favorable than the city’s average homeowners premium of $4,584.
Start your search for a home policy by reviewing the cheapest homeowners insurance companies in Oklahoma City, Oklahoma, listed below. Then, see our list of which home carriers ranked best for customer satisfaction.Â
AFFORDABLE HOME INSURERS IN OKLAHOMA CITY
| Company | Average Annual Rate |
| Safeco | $1,949 |
| American National | $3,419 |
| Liberty Mutual | $3,476 |
| Farmers | $3,683 |
| USAA | $4,045 |
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Oklahoma City homeowners insurance prices by coverage level
The amount of home coverage you select has an impact on your insurance rates. Homeowners in Oklahoma City who carry $200K in dwelling coverage pay an average of $3,226 per year, while those with coverage up to $400K pay around $5,869 per year.
POPULAR COVERAGE LIMITS IN OKLAHOMA CITY
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $1,943 |
| $200K Dwelling | $3,226 |
| $250K Dwelling | $3,923 |
| $400K Dwelling | $5,869 |
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Oklahoma City home insurance rates by ZIP code
Home insurance premiums can vary depending on what part of Oklahoma City in which you live. One of the factors that insurers use when pricing your insurance policy is the number of claims filed in your surrounding area. As such, the neighborhood you live in can drastically influence your home insurance premium.
The cheapest home insurance rates in Oklahoma City are available in 73160. In 73160, the typical home insurance policy costs $4,493 per year — $91 less than the citywide average in Oklahoma City. If you’re looking for the areas with the most affordable homeowners insurance rates in Oklahoma City, have a look at the table below.
AFFORDABLE HOME INSURANCE AREAS IN OKLAHOMA CITY
| ZIP Code | Average Annual Home Insurance Rate |
| 73160 | $4,493 |
| 73135 | $4,505 |
| 73167 | $4,506 |
On the other hand, some areas of Oklahoma City face higher homeowners insurance costs, on average. Fire risks, crime rates, and even your how close you are to emergency services could lead insurance companies to see certain neighborhoods as higher risk, which could drive up area rates. With an annual average premium of $4,695, 73179 comes in as the most expensive ZIP code in Oklahoma City for home insurance.
EXPENSIVE HOME INSURANCE AREAS IN OKLAHOMA CITY
| ZIP Code | Average Annual Home Insurance Rate |
| 73179 | $4,695 |
| 73131 | $4,693 |
| 73141 | $4,677 |
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Oklahoma City homeowners insurance deductibles
One of the many decisions available when shopping for a homeowners policy is how high or low to set your deductible. A homeowners deductible is how much your insurance requires you to pay out of pocket toward a claim. The deductible chosen can change how much you pay in insurance premiums.
In general, choosing a low deductible means that your insurance premiums will be higher. Therefore, consider a higher deductible if you aim to pay lower premiums. Bear in mind that your homeowners deductible should not be set at an amount that you would have difficulty paying in the event of a loss.
The table below displays the typical premium costs associated with standard homeowners deductibles.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN OKLAHOMA CITY
| Deductible Level | Average Annual Home Insurance Rate |
| $500 | $4,275 |
| $1,000 | $3,923 |
| $1,500 | $3,672 |
| $2,000 | $3,452 |
| $5,000 | $3,037 |
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Home and auto insurance bundling in Oklahoma City
You might want to consider bundling your auto and homeowners policies through the same company if you are looking to save on overall insurance costs. Bundling homeowners and auto insurance can save you a substantial sum each month on your auto insurance bill. In fact, bundling policies in Oklahoma City leads to average annual savings of 10%.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN OKLAHOMA CITY
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| GEICO | $728 |
| Erie | $749 |
| State Farm | $906 |
| Progressive | $992 |
| Nationwide | $1,260 |
Compare quotes on Oklahoma City, OK home insurance today!
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About The Zebra
The Zebra is not an insurance company. We publish data-backed, expert-reviewed resources to help consumers make more informed insurance decisions.
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