HomeInsuranceQts

Home Insurance in Oklahoma

Homes in Oklahoma carry a median value of $199,800.

Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. The typical home in Oklahoma was built around 1980. About 21% of homes were built before 1960.

Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Oklahoma is 75% single-family homes, 12% apartments in buildings with 5+ units and 8% mobile or manufactured homes.

In Oklahoma, about 54% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

About 66% of occupied homes in Oklahoma are owner-occupied. The vacancy rate is 12%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.

In Oklahoma, 50% of homes are primarily heated with natural gas. Homes heated with propane can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.

In Oklahoma, the statewide average premium for a standard HO-3 homeowners policy is $2,486 per year (NAIC, 2023 data).

Key figures

Median home value$199,800
Median year built1980
Owner-occupied share66%
Share of owner-occupied homes with a mortgage54%
Home insurance premium$2,486 - statewide average (NAIC, 2023 data)

Counties

Sources