Oklahoma Severe Weather Losses Outpace Nationwide Averages
State Farm® data shows severe weather, hail, and higher rebuilding costs are increasing the cost of protecting homes across the state
For Oklahoma homeowners, severe weather isn’t unfamiliar. Many know far too well that a spring hailstorm can damage roofs, siding, and windows across an entire neighborhood in minutes. And when repairs are needed, the cost of materials, labor, and reconstruction has continued to rise.
The people of Oklahoma face this reality more than most states: significant exposure to wind, hail, and tornadoes, and repair costs that are increasing faster than the national average. Together those pressures are increasing the financial impact of storms on homeowners and communities across the state.
Those cost pressures continue. Residential reconstruction costs in Oklahoma increased 5.11% from July 2025 to July 2026, compared with a 3.8% increase nationwide, according to Verisk’s 360Value® Quarterly Reconstruction Cost Analysis[1]. Oklahoma had the third-highest increase in the country during that period.
Why Severe Weather Matters In Oklahoma
According to State Farm data, about two-thirds of State Farm non-tenant homeowners losses in Oklahoma are related to catastrophe wind and hail, compared with about one-third nationwide.
Over the past five years, catastrophe wind and hail losses have occurred in Oklahoma at more than twice the State Farm average nationwide. Over the most recent 12 months, Oklahoma had the second-highest frequency of catastrophe wind and hail losses in the country.
State Farm has more than 530,000 residential and commercial policies in Oklahoma. That means when severe weather affects Oklahoma communities, State Farm is helping a significant number of families recover. And behind every severe weather loss are homeowners inspecting roofs, calling contractors, reviewing coverage and determining what it will take to put their homes—and their lives—back together.
Hail plays an especially large role. Over the past five years, State Farm data shows that 77% of State Farm catastrophe wind and hail losses in Oklahoma were hail-related, compared with 57% nationwide. Hail losses also tend to result in more severe damage and higher average loss costs than wind losses.
For Oklahoma, that creates a compounding effect. Catastrophe wind and hail losses occur more frequently than the national average, and the homes damaged by those storms is becoming more expensive to repair and replace.
What This Means For Homeowners Insurance
Oklahoma’s homeowners insurance landscape reflects the risks and costs of protecting homes in the state. A customer’s rates are based on several factors, including the coverage selected, the home’s characteristics, the deductible, and expected future costs. Oklahoma's severe-weather experience and the rising cost of repairing damaged homes are important parts of that picture.
According to NOAA, severe storms accounted for 76 of the 115 billion-dollar weather and climate disasters that affected Oklahoma from 1980 through 2024.[2]
From 2021 through 2025, for every $1 State Farm collected in non-tenant homeowners premiums in Oklahoma, it paid $1.10 in claims and expenses. Put simply, claims and expenses exceeded premiums collected over the five-year period.
Insurance pricing looks forward. Historical claims experience helps insurers understand risk, but rates must also consider what it is expected to cost to repair homes and help customers recover after future losses.
For Oklahoma homeowners, the takeaway is straightforward, the cost of insurance can change when the risk to homes changes, when storms cause more damage, or when repairs cost more.
Committed to Oklahoma
State Farm has served Oklahoma customers for nearly a century. As the risk landscape continues to change, the company remains committed to helping customers understand the risks and costs affecting their insurance, while maintaining the financial strength to pay covered claims and help customers recover when the unexpected happens.
[1] Source: Verisk, 360Value® Quarterly Reconstruction Cost Analysis: Q3 2026 (U.S.).
[2] Source: NOAA National Centers for Environmental Information (NCEI), Billion-Dollar Weather and Climate Disasters: Oklahoma State Summary, 1980–2024.
About State Farm data: State Farm data cited in this article is based on internal underwriting, actuarial and financial reporting for the periods indicated. Catastrophe wind and hail loss and frequency comparisons reflect State Farm’s Non-Tenant Homeowners experience in Oklahoma relative to State Farm’s nationwide experience. Premium, claims and expense figures reflect State Farm’s Non-Tenant Homeowners business in Oklahoma through July 2026 unless otherwise noted.
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