How you're covered
Oklahoma doesn't require home insurance by law, but if you finance your home, your lender may require you to have a homeowners insurance policy in place. Your policy's coverages are designed to safeguard your property and assets. A typical policy will include the following:
- Dwelling coverage protects your home's structure (roof, walls, etc.) as well as attached structures, like a porch.
- Other structures coverage protects detached structures, such as a fence or shed.
- Personal property coverage protects your personal belongings, including furniture, clothing, and electronics. Certain items, like jewelry, art, and collectibles, are often only covered up to a specific limit so you may want to purchase an endorsement to schedule these items on your policy at the coverage amount needed, also known as "adding a rider.”
- Personal liability coverage protects you financially if you're legally responsible for another person's injuries or damage to their property.
- Medical payments to others pays for medical expenses due to a covered occurrence.
- Loss of use coverage helps cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss.
Keep in mind coverage under your policy is subject to exclusions and conditions within your policy. It is important to read your policy to understand the coverage provided.
Learn more about homeowners insurance coverages.
Common homeowners insurance claims in Oklahoma
Oklahoma is located in Tornado Alley, host to some of the most frequent and consistent tornado activity in the world, with Oklahoma averaging more than 60 tornadoes per year, and there were a record-setting 149 tornadoes in 2019. Fortunately, there's no need for special "tornado insurance." Damage from winds, tornadoes included, may be covered by your standard homeowners policy up to the policy's limits, minus your deductible.
Get more information about how home insurance may cover damage caused by severe weather.
With 11,000+ miles of shoreline, flooding in Oklahoma is more common than you might imagine, especially in the presence of slow-moving thunderstorms. Damage from floods isn't covered by a homeowners policy, but you can purchase flood insurance separately.
Helping you save
Progressive offers several discounts to help you save on homeowners insurance policies. Some of the most common discounts include:
- Alarm System
- Quote in Advance
- New Purchase
See more about the home insurance discounts we offer.
How much are homeowners insurance rates in Oklahoma?
Your cost for Oklahoma homeowners insurance varies based on many components, including your location, type of home, its age, and coverage limits. Learn more about factors affecting home insurance pricing.
In Aline, Oklahoma, you can see a preserved sod house that shows how pioneers in Oklahoma lived in the 1800s. It's the only remaining sod house in the state built by a homesteader.
Oklahoma's homeownership rate is 71%, much higher than the national average, according to FRED.