1. Home

Insurance Oklahoma: A Guide to Auto & Home Coverage

Explore Oklahoma insurance options including auto and home coverage, with tips on requirements, comparisons, and finding affordable plans.

Save hundreds today by comparing quotes from the nation’s top insurance companies

shield No junk mail. Instant results. Always free.

ProgressiveLiberty MutualRoot
The GeneralAmerican FamilyElephant
Amani Turnage

shieldWhy You Can Trust EverQuote

EverQuote powers millions of shopper requests every month, teaming up with industry-leading insurance specialists to address real-world challenges faced by people every day. We partner with the largest insurance providers in the nation, and our content is carefully crafted by experts and reviewed by licensed insurance agents for accuracy and relevance.

Oklahoma insurance is challenging to understand, as a wide range of factors impact coverage needs, costs, and more. With the right information, though, finding insurance policies that meet your needs can be fairly simple. Below, we’ll explore auto and home insurance in Oklahoma so you have a full understanding and can make an informed buying decision.

Understanding Oklahoma’s Auto Insurance Requirements

To protect you and other motorists, all drivers must carry a minimum amount of liability auto insurance in Oklahoma. The minimum coverage for Oklahoma car insurance is 25/50/25, which means:

  • $25,000 in bodily injury insurance coverage per person
  • $50,000 in total bodily injury per accident
  • $25,000 in property damage coverage per accident

Because this is just liability coverage, the payout goes only to the other driver and any property you damage. These coverages do not cover your vehicle, medical bills, or property.

Review the insurance requirements of your state:

Choosing the Right Auto Insurance Policy in Oklahoma

While 25/50/25 liability insurance is the minimum required by the Oklahoma Insurance Department, you can protect your assets by adding optional coverages, such as:

  • Collision coverage: This pays for damages to your vehicle after a collision with another driver regardless of who’s at fault.
  • Comprehensive coverage: This pays for damages and injuries not due to a collision, such as theft or weather damage.
  • Uninsured motorist coverage: This protects you and your assets if you’re involved in an accident with an uninsured driver or are the victim of a hit-and-run accident.

Homeowners Insurance Against Natural Disasters

Homeowners insurance in Oklahoma generally covers your home’s structure and personal property. However, some homeowners insurance policies have exclusions for certain natural disasters, meaning you will not be covered if your home is destroyed in one of them.

Some common natural disaster exclusions in Oklahoma home insurance policies include floods, earthquakes, landslides, and mudslides. If you want these exclusions to be covered, you may be able to purchase add-on coverage from an insurance company for an additional premium.

Factors That Determine Homeowners Insurance Rates

No two insurance policies have the same premium. Insurance companies in Oklahoma base their homeowners policy premiums on many factors, including:

  • Location: If you live in an area that's more prone to natural disasters, your insurance premium may be higher to offset the risk.
  • Home value: The more expensive your home, the more it’ll cost to repair or replace, so the higher your insurance premiums will be.
  • Claims history: If you tend to file a lot of home insurance claims, the insurance company may view you as a higher risk and charge higher premiums.
  • Credit score: A low credit score may lead an insurance company to view you as a higher risk and thus charge higher premiums.

Tips for Comparing Oklahoma Insurance Policies

No two Oklahoma insurance policies are the same, so comparing their coverages, costs, and other factors is key to ensuring that you choose one that meets your needs. Some tips for comparing these policies include:

  • Get multiple quotes: Don't get a single quote and stop there. Get multiple quotes and compare coverages, terms, and premiums to find the best match for your needs.
  • Evaluate coverage options: If you need optional coverage, make sure the quote includes this. You don’t want to sign up to later find out you’re lacking the coverage you need.
  • Read reviews: Like any business, insurance companies can be prone to customer service issues. Check online reviews to make sure you’re working with a highly rated insurer.
  • Compare apples to apples: When comparing policies, make sure you are comparing policies with similar coverages, deductibles, terms, and add-ons. This ensures that you’re getting a true comparison.

Understanding Oklahoma-Specific Risks in Insurance

Oklahoma is susceptible to unique weather-related risks. A significant issue impacting homeowners is the increased risk of tornadoes in the state. Homes in Oklahoma may also endure severe hailstorms that can cause damage.

Fortunately, standard homeowners insurance in Oklahoma typically covers tornado and hail damage. However, if a severe storm also results in flooding, any subsequent water damage may be excluded, depending on the policy. Always review all the exclusions and understand the common risks your home may face so that you can choose the right policy options.

How to Find Affordable Insurance in Oklahoma

Finding affordable insurance in Oklahoma starts with being proactive and informed. Here are some strategies to consider:

  • Shop around: Online comparison tools and local insurance agents can help you compare multiple insurance options quickly to find cheap insurance in Oklahoma that meets your needs.
  • Increase deductibles: If the coverage you need is outside of your budget, raising the deductible can make the premium more affordable. Make sure you can afford the deductible if you need to use your coverage, though.
  • Maintain good credit: Making debt payments on time can help improve your credit score and lead to better insurance rates.
  • Stay claims-free: Fewer claims often mean lower premiums, so care for your home and drive safely to avoid preventable claims.
  • Ask about discounts: Many insurers offer discounts based on things such as bundling coverages, having a safe driving record, or installing safety devices on your home or vehicle.

Get the Best Car Insurance for Your Needs in Oklahoma

Car insurance premiums can vary greatly, so it's key to compare multiple quotes to find the best option. EverQuote allows you to quickly compare multiple quotes online to find cheap car insurance in Oklahoma that meets your coverage needs.

FAQs

Is car insurance cheaper in Oklahoma?
+
Yes and no. Liability coverage on average runs $558 annually in Oklahoma, which is 17.3% cheaper than the national average. However, full coverage runs $2,631 annually, which is 7% higher than average.
What auto insurance is required in Oklahoma?
+
Oklahoma requires liability auto insurance with minimum limits of $25,000 in bodily injury insurance coverage per person, $50,000 in total bodily injury per accident, and $25,000 in property damage coverage per accident.
Why does Oklahoma have the highest homeowners insurance?
+
Oklahoma is considered the most expensive state for homeowners insurance. The reason for the high costs is its increasing risk of natural disasters, such as large hail and tornadoes.