Best and Cheapest Home Insurance Companies in Oklahoma

State Farm offers the cheapest homeowners insurance in Oklahoma at $3,149 per year for $350,000 in coverage, significantly below the state average of $4,799. American Farmers & Ranchers provides the lowest rates for those needing less coverage, costing $2,155 annually for $200,000. Shelter is noted for its extensive severe weather coverage, costing $3,688 per year. Oklahoma's high insurance costs are attributed to frequent severe weather, with rates increasing over the past six years.