How to find affordable homeowners insurance in Tulsa
Home insurance should be a critical consideration for every homeowner. Along with your personal belongings, homeowners insurance covers your dwelling in the event of many perils, including theft, fire, wind damage, and vandalism. Given the relatively frequent occurrence of these incidents and the sizeable cost of replacing a home, having a home insurance policy is a solid investment. A typical homeowners policy costs $300 per month in Tulsa, Oklahoma.
What you pay for homeowners insurance factors in variables such as the cost of building materials, the value of your personal belongings, and the overall value of the primary dwelling. The location of your dwelling can also play a large role in how much you pay for home insurance. Some geographic areas are susceptible to perils such as hail, wildfires, pipe freezes, volcanoes, and other hazards. These perils can lead to more expensive homeowners insurance rates. Discover more information about what a home insurance policy covers.
If you want to find cheap home insurance coverage in Tulsa, start with shopping around and comparing policies. Have a look at the summary below comparing average homeowners insurance premiums in Tulsa to help you get as much information as possible when you start your search for homeowners insurance. One thing to note is that the yearly cost of homeowners coverage is determined based on your chosen coverage limits as well as a number of other rating factors.
Table of contents:
- Rates by insurer
- Rates by coverage amount
- Rates by ZIP code
- Rates by deductible amount
- Policy bundling savings
Tulsa home insurance by company
Tulsa homeowners insurance rates will vary depending on which insurance company you choose. The most affordable home insurance in Tulsa is Safeco offering average annual rates at just $1,855 per year. This is considerably cheaper than the city’s average homeowners premium of $3,597.
Start your search for a home insurance policy by reviewing the cheapest homeowners insurance companies in Tulsa, Oklahoma, listed below.
AFFORDABLE HOME INSURERS IN TULSA
| Company | Average Annual Rate |
| Safeco | $1,855 |
| Farmers | $2,000 |
| State Farm | $2,231 |
| American National | $2,252 |
| Oklahoma Farmers Union | $2,821 |
Tulsa homeowners insurance prices by coverage level
The level of home coverage you select has an impact on your insurance rates. In Tulsa, carrying $200K dwelling coverage costs an average of $2,624, while carrying additional coverage up to $400K costs $4,634/year.
POPULAR COVERAGE LIMITS IN TULSA
| Coverage Level | Average Annual Rate |
| $100K Dwelling | $1,547 |
| $200K Dwelling | $2,624 |
| $250K Dwelling | $3,099 |
| $400K Dwelling | $4,634 |
Tulsa home insurance rates by ZIP code
Depending on which part of Tulsa you live in, you may see vastly different home insurance costs. One of the factors that insurers use when pricing your policy is the number of claims filed in your surrounding area. As such, your neighborhood's location can drastically impact your home insurance premium.
If you're looking for the cheapest home insurance premiums in Tulsa, take a look at the 74104 ZIP code. In the 74104 area, homeowners policies typically cost just $3,474 per year on average — a full $123 less than the overall average for Tulsa. Find the best places to live in Tulsa for cheap home insurance by looking at the table below.
AFFORDABLE HOME INSURANCE AREAS IN TULSA
| ZIP Code | Average Annual Home Insurance Rate |
| 74104 | $3,474 |
| 74112 | $3,486 |
| 74114 | $3,492 |
Other parts of Tulsa, however, have home insurance rates that are higher on average. Such areas might face a higher danger of perils such as severe weather and fires. Similarly, they may also have a higher amount of crimes such as burglary or vandalism. With an annual average premium of $3,826, 74131 comes in as the most expensive ZIP code in Tulsa for homeowners coverage.
EXPENSIVE HOME INSURANCE AREAS IN TULSA
| ZIP Code | Average Annual Home Insurance Rate |
| 74131 | $3,826 |
| 74132 | $3,743 |
| 74137 | $3,724 |
Tulsa homeowners insurance deductibles
Among the many decisions homeowners face when purchasing homeowners insurance is where to set the deductible. The deductible is the total amount that the insured must contribute toward a covered loss. Where you choose to set your homeowners deductible corresponds directly to how much you pay in insurance premiums.
In general, having a lower deductible means that your insurance rates will be higher. Therefore, it might make sense to set a higher deductible if you aim to secure lower insurance rates. It's worth noting that your deductible should only be as high as you can reasonably pay if you actually suffer a loss.
Have a look at the normal deductibles offered by insurers and an estimate of average premiums.
HOME INSURANCE PREMIUMS BY DEDUCTIBLE LEVEL IN TULSA
| Deductible Level | Average Annual Home Insurance Rate |
| $500 | $3,381 |
| $1,000 | $3,099 |
| $1,500 | $2,877 |
| $2,000 | $2,696 |
| $5,000 | $2,337 |
Home and auto insurance bundling in Tulsa
To save a little money, you might consider bundling your homeowners and auto insurance policies through the same company. Bundling homeowners and auto insurance can be a good money-saving option. By bundling your policies, Tulsa homeowners could see annual savings of 11% on average.
CHEAPEST CAR INSURANCE RATES WITH HOME BUNDLE IN TULSA
| Company | Avg. Annual Auto Insurance Rate (With Bundle) |
| State Farm | $1,201 |
| GEICO | $1,267 |
| Farmers | $1,332 |
| Oklahoma Farm Bureau | $1,573 |
| Progressive | $1,718 |
