Oklahoma Farm Bureau Insurance

What Oklahoma Farm Bureau Insurance does

Oklahoma Farm Bureau Insurance is a domestic mutual insurance company headquartered in Oklahoma City that has served Oklahoma residents, farmers, and small businesses since 1946. Operating as Oklahoma Farm Bureau Mutual Insurance Company, it is policyholder-owned and serves 140,000+ member families through a network of local agents physically present in all 77 Oklahoma counties. The company offers a multi-line insurance portfolio spanning personal lines (auto, home, motorcycle, recreational vehicles, renters, umbrella), farm and ranch coverage (buildings, equipment, livestock, crop, liability), commercial lines (auto, property, BOP, builders risk, contractors equipment), and life insurance, with members also accessing banking, investments, and Medicare supplements through affiliated Farm Bureau Bank, Farm Bureau Financial Services, and Members Health Insurance Company. Membership in the Oklahoma Farm Bureau is required to purchase insurance and unlocks ancillary benefits including free 24/7 Roadside Rescue and discounts with partners such as Storm Safe Shelters.

The business runs on a quote-based, agent-driven distribution model with online quote initiation available for auto and home, supported by bundling discounts and an annual billing cadence. The company's underlying technology stack is centered on the Guidewire InsuranceNow core insurance platform, and in 2026 it partnered with Cloverleaf Analytics to build an enterprise data warehouse with Snowflake integration, enabling AI-driven operational insights and compressing analytics cycles. The company carries a B++ (Good) A.M. Best financial strength rating, is a member of the American Farm Bureau Federation, and operates as an Oklahoma-domiciled mutual with no external parent or PE/VC ownership disclosed.

Name

Oklahoma Farm Bureau Insurance

Legal name

Oklahoma Farm Bureau Mutual Insurance Company

Website

https://okfbinsurance.com

Company type

Private

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

Oklahoma Farm Bureau Insurance is a policyholder-owned mutual insurer serving 140,000+ member families across all 77 Oklahoma counties with personal, farm & ranch, commercial, and life insurance distributed through a local agent network.

Ownership category

akta.pro rank

Product category

Property and Casualty Insurance

SIC

Fire, Marine & Casualty Insurance (6331), Agricultural Services (700)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Farm Risk Management & Insurance Advisory (AFACAJAD)

Keywords

• Property casualty insurance
• Farm ranch insurance
• Commercial insurance
• Auto home insurance
• Mutual insurance

Headquarters

HQ city

Oklahoma City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Insurance Premiums: Oklahoma Farm Bureau Insurance generates revenue through insurance premiums across multiple product lines including auto, home, farm & ranch, commercial, and life insurance. Policies are sold through a membership model where Farm Bureau membership is required to purchase insurance policies.
2. Membership Fees: Annual membership fees provide access to benefits, discounts, and the ability to purchase insurance products. Even non-policyholders can be members and enjoy benefits.
3. Financial Services Products: Partnership with Farm Bureau Bank and Farm Bureau Financial Services provides access to banking, investment products, and Medicare supplements, creating additional revenue streams through partnerships.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Oklahoma Farm Bureau Insurance is a mutual insurance company providing personal lines (auto, home, renters, motorcycle, recreation vehicles), farm and ranch coverage (crop, livestock, equipment, structures), commercial lines (businessowners, commercial auto, property, liability), and life insurance. Policies are distributed through a network of local agents in all 77 Oklahoma counties, with Farm Bureau membership required to purchase coverage.

Product overview

Oklahoma Farm Bureau Insurance is a multi-line insurance provider offering a comprehensive portfolio of insurance and financial products. The company provides personal lines (auto, home, motorcycle, recreation), commercial lines (businessowners, commercial property, commercial auto, liability), and specialized farm & ranch coverage (crop, implements, livestock). Additional offerings include life insurance, investment products, and banking services through affiliated partners. The company operates with agents in all 77 Oklahoma counties and serves 140,000+ member families. Recent technology initiatives include a data warehouse partnership with Cloverleaf Analytics on Guidewire InsuranceNow for AI-driven analytics.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Auto Insurance Vehicle coverage for personal use, including cars and standard motor vehicles, available to Oklahoma Farm Bureau members.
• Homeowners Insurance Coverage for primary residences including houses and personal belongings, including condo owners, mobile homeowners, and dwelling fire variations.
• Renters Insurance Protection for personal belongings in rental properties, including liability coverage, typically highly affordable in Oklahoma.
• Recreation Insurance Insurance coverage for recreational vehicles including motorcycles, boats, off-road vehicles, and motorhomes.
• Farm & Ranch Insurance Comprehensive protection for farms and ranches including buildings, equipment, livestock, farm vehicles, tractor-trailers, implements, and operations. Includes specialized coverage for 4H & FFA youth programs and farm fire and liability coverage.
• Crop Insurance Coverage protecting farmers' harvest against crop failure or loss.
• Commercial Auto Insurance Vehicle coverage for business operations, commercial fleets, and custom harvest implements.
• Commercial Property Insurance Protection for commercial buildings, equipment, and business assets.
• Businessowners Policy (BOP) Tailored insurance combining multiple coverages for small businesses including retail, restaurants, and artisan contractors. Includes commercial general liability and commercial umbrella options.
• Builders Risk Insurance Coverage for buildings under construction, both residential and commercial, and contractor equipment or cargo.
• Life Insurance Coverage including term life and whole life options to protect families' financial futures.
• Roadside Rescue Free 24/7 roadside assistance for OKFB members including towing, flat tire assistance, battery jump start, and unlock service.
• Investment Products Financial planning and investment products through Farm Bureau Financial Services partnership.
• Banking Services Banking products through Farm Bureau Bank including first-home financing and retirement planning, available to all OKFB members.

Quantifiable outcome

• Free 24/7 Roadside Rescue for all OKFB members
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Nine partnerships are on record, tiered core, minor and featured.

• Cloverleaf AnalyticscoreTechnology or Integration · 18 March 2026Oklahoma Farm Bureau Insurance selected Cloverleaf Analytics to build a new enterprise data warehouse on the Guidewire InsuranceNow platform. The implementation consolidates fragmented data from across operations into a centralized analytics environment, unlocking advanced analytics and AI capabilities. This represents a defining step in OKFBI's digital transformation strategy.
• Ready. Help. Go. (State of Oklahoma)minorStrategic or Co-development Partner · 27 April 2020Partnership with State of Oklahoma Be A Neighbor initiative that calls upon Oklahomans to sign up online to help based on their skills and needs of neighbors during emergencies.
• Farm Bureau BankfeaturedGTM or Marketing PartnerFarm Bureau Bank provides banking services including home buying and retirement planning. Available to all OKFB members as part of membership benefits.
• Farm Bureau Financial ServicesfeaturedGTM or Marketing PartnerFinancial services partner providing investment products and retirement planning services to OKFB members.
• American Farm Bureau FederationcoreOthersNational federation organization that Oklahoma Farm Bureau is affiliated with as the 42nd state to join.
• Oklahoma Youth ExpominorGTM or Marketing PartnerCommunity partnership supporting youth agricultural education and events.
• FFA and 4-HminorGTM or Marketing PartnerAgricultural youth organizations supported through community partnerships and specialized insurance products.
• Members Health Insurance CompanyminorGTM or Marketing PartnerProvides Medicare supplement plans available to Oklahoma Farm Bureau members.
• Storm Safe SheltersminorGTM or Marketing PartnerOKFB members eligible for $100 discount on qualifying in-ground storm shelters from Storm Safe Shelters.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Farm Bureau Financial Group: Affiliate within the broader Farm Bureau system providing insurance, investment, and financial services. Direct peer given shared Farm Bureau affiliation, multi-line insurance model, and mutual/affiliated ownership structure.
• Auto-Owners Insurance: Mid-sized mutual P&C insurer with an exclusive-agent distribution model across multiple U.S. states. Comparable for its mutual structure, multi-line P&C product set, and relationship-driven agency channel.
• State Farm: Largest U.S. P&C insurer and mutual policyholder-owned company with an agent-based distribution model. Directly comparable as a multi-line mutual insurer competing in personal auto, home, and life across the same U.S. markets.
• Erie Insurance: Regional mutual P&C insurer with a network of independent agents across the Eastern and Midwestern U.S. Comparable for mutual ownership, multi-line P&C + life portfolio, and strong agent-based service model.
• COUNTRY Financial: Multi-state Farm Bureau-affiliated insurer offering auto, home, life, and financial services across the Midwest. Highly comparable as another state-Farm-Bureau-aligned mutual carrier with similar rural/agricultural customer base.
• Shelter Insurance: Regional mutual P&C insurer operating across the Midwest and South with a strong local-agent model. Highly comparable as a regional mutual carrier with similar auto/home/farm coverage and agent-driven distribution.
• Grinnell Mutual: Midwest-based mutual P&C reinsurer and direct insurer focused on farm, agricultural, and small commercial risks. Comparable for its agricultural-insurance focus and mutual structure serving rural America.

Regional players

• Arkansas Farm Bureau Insurance: State-level Farm Bureau mutual insurer serving Arkansas with similar multi-line P&C and farm/ranch coverage. Direct structural twin to OKFB but operating in a different state, making it a regional peer.

Broad incumbents

• American Family Insurance: Large mutual P&C insurer operating across 19 states with broad personal and commercial lines. Comparable as a larger mutual peer with multi-line offerings and exclusive-agent distribution in adjacent geographies.
• Nationwide: Large national mutual P&C and life insurer with multi-channel distribution including captive agents. Comparable as a mutual competitor offering auto, home, farm, and life products nationally at greater scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCVUTiEfVIJpQOHRaOs6rNWw
• Facebookfacebook.com/okfbinsurance
• LinkedInlinkedin.com/company/536508
• Instagraminstagram.com/OKFBInsurance
• Xx.com/okfbinsurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oklahoma Farm Bureau Insurance