Oklahoma Homeowners Pay Some of the Highest Insurance Costs In The Country

"Oklahoma homeowners face some of the highest insurance costs in the U.S., a reflection of the state's position in Tornado Alley and its vulnerability to severe storms, hail, and wind damage. While costs are even steeper in Gulf Coast states, new data from the U.S. Census Bureau and the Realtor.com® 2025 Climate Risk Report show that Oklahoma remains one of the costliest markets in the central U.S."

"According to the American Community Survey (ACS) data from the U.S. Census Bureau, Oklahoma homeowners with a mortgage typically pay $2,000-$2,499 annually for homeowners insurance, while those without a mortgage average $1,500-$1,999. Overall statewide costs fall into the $1,500-$1,999 range. Oklahoma has 1,053,182 insured homeowner households in total-567,767 with a mortgage and 485,415 without. Among mortgaged owners, 54,692 pay less than $100 annually and 83,041 pay $4,000 or more. Among those without a mortgage, 138,202 pay less than $100 and 45,761 pay $4,000 or more."

Oklahoma experiences elevated homeowners insurance costs due to its location in Tornado Alley and frequent exposure to severe storms, hail, and damaging winds. Statewide average annual insurance costs fall in the $1,500–$1,999 range, with mortgaged homeowners typically paying $2,000–$2,499 and non-mortgaged homeowners averaging $1,500–$1,999. The state has 1,053,182 insured homeowner households, including 567,767 with mortgages and 485,415 without. Significant cost variation exists: tens of thousands pay under $100 annually while many pay $4,000 or more, reflecting large disparities in coverage and risk exposure across households.

Read at SFGATE