MoneyGeek considered factors such as affordability, customer satisfaction and the time it takes to get online quotes to determine the best general liability insurance companies in Oklahoma. Thimble takes the top spot, charging an average of $63 per month for LLCs with 20 employees and an average of $22 per month for sole proprietors with no employees.

Overall, Next provides the most affordable general liability insurance in Oklahoma. It charges an average of $26 per month for LLCs with 20 employees and an average of $25 per month for sole proprietors with no employees.

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2024

Best General Liability Insurance in Oklahoma

Why Trust MoneyGeek? We collected 1,229 general liability insurance quotes and analyzed cost information alongside customer satisfaction and financial stability reports to determine the best general liability insurance companies for small businesses in Oklahoma.

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Coverage costs and company information for general liability insurance providers in Oklahoma were last updated in 2023.

1,229Quotes Analyzed
 
6 Companies Compared
 
50 Zip Codes

Best Overall General Liability Insurance in Oklahoma

MoneyGeek has selected Thimble as the best general liability insurance company in Oklahoma, giving it a score of 87 out of 100. The corresponding table highlights the rankings and monthly costs of all the companies we analyzed.

How was this MoneyGeek score calculated?

NextMoneyGeek Score88Monthly Cost Without Employees$25Monthly Cost With 20 Employees$26
ThimbleMoneyGeek Score87Monthly Cost Without Employees$22Monthly Cost With 20 Employees$63
The HartfordMoneyGeek Score87Monthly Cost Without Employees$31Monthly Cost With 20 Employees$45
HiscoxMoneyGeek Score82Monthly Cost Without Employees$29Monthly Cost With 20 Employees$58
Best OverallScore: 87
Thimble
1/5LLC Affordability
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Most affordable rates for sole proprietors

Provide fast online quotes

Strong financial stability rating

CONS

Most expensive general liability insurance for LLCs

Has a fairly high rate of customer complaints

Company Highlights

Thimble is MoneyGeek's choice for the best general liability insurance in Oklahoma due to several key factors. It provides the cheapest coverage for sole proprietors of the insurers we looked at, with an average cost of $22 per month. However, it charges an average of $63 per month for LLCs, which is more expensive than its competitors.

Another benefit of Thimble is its excellent financial stability rating, which indicates that it shouldn't have a problem meeting its financial obligations. This company is the quickest to provide online quotes, taking an average of just 19 seconds to process each request. However, Thimble receives more customer complaints than the average insurer, according to the National Association of Insurance Commissioners (NAIC).

Cheapest General Liability Insurance in Oklahoma

Next provides the cheapest general liability insurance in Oklahoma. LLCs with 20 employees can expect to pay an average of $26 per month, whereas the average cost for sole proprietors with no employees is $25 per month.

We ranked insurance companies based on affordability scores that combined their monthly costs for LLCs and sole proprietors. Therefore, the company that is the cheapest overall might not offer the most affordable policies for both LLCs and sole proprietors.

How was this MoneyGeek score calculated?

CheapestScore: 95
Next
5/5LLC Affordability
3/5Sole Proprietor Affordability
0/5Customer Satisfaction
2/5Financial Stability
4/5Online Quote Process
PROS

Provides the cheapest rates for LLCs and the second-cheapest for sole proprietors

Fast online quote process

CONS

Low financial stability score

Company Highlights

Next is the cheapest general liability insurance provider in Oklahoma. It has the most affordable rates for LLCs with 20 employees, charging an average of $26 per month. Its policies for sole proprietors with no employees cost an average of $25 per month, making it the second-cheapest option for this business entity. Next processes online quotes quickly, taking an average of 1 minute and 10 seconds per request.

The company received a rating of A- (Excellent) from AM Best, meaning it is likely to fulfill its obligations. However, it is the least financially stable company in our comparison group.

Best General Liability Insurance for Employers in Oklahoma

Next came out on top as the best general liability insurance company in Oklahoma for employers, receiving a MoneyGeek score of 91 out of 100. A policy from this company costs an average of $26 per month.

Rankings for this category are based on an analysis of average monthly costs for LLCs with 20 employees. The number of people your business employs affects how much you'll pay for general liability insurance. For example, you’ll typically pay less than the average cost if you have fewer than 20 employees, and your rate is likely to be higher if you have more than 20 employees.

How was this MoneyGeek score calculated?

Best for EmployersScore: 91
Next
5/5LLC Affordability
0/5Customer Satisfaction
2/5Financial Stability
4/5Online Quote Process
PROS

Provides the most affordable general liability insurance for LLCs

Processes online quote requests quickly

CONS

Receives more complaints than competitors

Has the lowest financial stability score in our comparison group

Company Highlights

Next is the best company for employers who need general liability insurance in Oklahoma, mainly because it provides the most affordable policies. This insurer has an average rate of $26 per month for LLCs with 20 employees. In addition, this company provides fast online quotes, processing each request in only 1 minute and 9 seconds, on average.

Next has a relatively low financial stability score compared to competitors, but its A- (Excellent) rating from AM Best still indicates that it is financially strong and likely to fulfill its financial obligations.

Best General Liability Insurance for Sole Proprietors in Oklahoma

MoneyGeek found that Thimble is the best general liability insurance company for sole proprietors in Oklahoma. It earned a MoneyGeek score of 95 out of 100 and charges an average of $22 per month.

Our analysis is based on the average costs for sole properties with no employees. You can expect to pay more than the average if you work in a high-risk industry such as construction, forestry or transportation.

How was this MoneyGeek score calculated?

Best for Sole ProprietorsScore: 95
Thimble
5/5Sole Proprietor Affordability
2/5Customer Satisfaction
3/5Financial Stability
5/5Online Quote Process
PROS

Provides the cheapest rates for sole proprietors

Very fast online quote system

High financial stability rating

CONS

Relatively high rate of customer complaints

Company Highlights

Thimble is the best general liability insurance provider for sole proprietors in Oklahoma because of its highly competitive pricing, the speed at which it processes online quotes and its financial stability. This insurer has the most affordable general liability insurance for sole proprietors, charging an average of $22 per month. It also provides the fastest online quotes, taking an average of just 17 seconds to process each request.

Furthermore, Thimble's high financial stability rating indicates that it is financially strong and capable of fulfilling its existing financial obligations, including paying out claims. That said, Thimble has a higher-than-average rate of complaints from the National Association of Insurance Commissioners (NAIC).

Do You Need General Liability Insurance in Oklahoma?

It is not mandatory for business owners in Oklahoma to get general liability insurance. However, you may consider purchasing a policy because it can protect your business from financial loss that may result from liability claims related to third-party injuries, third-party property damage and advertising injuries. In addition, getting this type of business insurance might be necessary to obtain specific licenses or win contracts in some industries.

If your business has one or more employees, Oklahoma state law requires that you get workers’ compensation insurance. If your business has company-owned vehicles, you also need to get commercial auto insurance with the following minimum limits:

  • $25,000 per person
  • $50,000 per accident for bodily injury
  • $25,000 for property damage
smallBusiness icon
SMALL BUSINESS RESOURCES IN OKLAHOMA

The Oklahoma Department of Commerce gives small businesses access to business consultations, workforce development solutions, women-owned business certifications and minority-owned business information. Entrepreneurs may benefit from its wide range of resources that cover funding, co-working spaces and assistance with commercialization and engineering.

How Much Is General Liability Insurance in Oklahoma?

It costs an average of $48 per month to get general liability insurance in Oklahoma for an LLC with 20 employees. The cost changes to $27 per month for sole proprietors with no employees.

These averages are indicative of policies with a $2 million aggregate limit, a $1 million occurrence limit and a $0 deductible.

While the aggregate limit highlights the maximum amount an insurer may pay to cover claims during a policy’s tenure, the occurrence limit refers to the maximum amount an insurance company may pay per claim. The deductible refers to the out-of-pocket expense you need to make before the insurance takes effect.

Factors That Impact General Liability Insurance Costs in Oklahoma

The amount you'll pay for general liability insurance for your business varies based on multiple factors:

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    Policy limits

    General liability insurance comprises aggregate and occurrence limits. While the former refers to the maximum amount your insurer will pay out during the course of your policy’s term, the latter is the maximum amount you may receive per claim. Choosing higher limits usually means higher premiums.

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    Number of employees and payroll costs

    The number of people your business employs also impacts general liability insurance costs. For example, the average cost of getting general liability insurance in Oklahoma for an LLC with 20 employees is $48 per month, whereas a sole proprietor needs to pay an average of $27 per month. Simply put, the higher the number of employees, the higher the cost.

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    Business location

    The location of your business may have an effect on how much you need to pay for general liability insurance. Businesses located in more densely populated areas tend to pay more as they are more likely to file claims. Therefore, our statewide averages can vary at the city level.

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    Claims history

    Insurance companies view businesses that have filed claims in the past as riskier to insure, and they tend to offset the risk by charging higher premiums. Businesses that remain claims-free can expect to pay less.

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    Industry

    The industry you operate in may have an effect on general liability insurance costs, especially if it falls in the high-risk category. Examples include construction, transportation, warehousing, manufacturing, forestry, agriculture and farming. The following table highlights the average cost of general liability insurance in Oklahoma for software development companies, general contractors and cleaning businesses.

CleaningMonthly Cost Without Employees$63Monthly Cost With 20 Employees$1,160
General ContractorMonthly Cost Without Employees$203Monthly Cost With 20 Employees$2,812
Software DevelopmentMonthly Cost Without Employees$29Monthly Cost With 20 Employees$44

Frequently Asked Questions About General Liability Insurance in Oklahoma

MoneyGeek answered some commonly asked questions about general liability insurance in Oklahoma to help you as you compare your options.

Which company has the best general liability insurance in Oklahoma?
Which company has the cheapest general liability insurance in Oklahoma?
What does general liability insurance cover in Oklahoma?
Does Oklahoma require businesses to have general liability insurance?

About Melissa Wylie


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Melissa Wylie is the Content and SEO Manager at MoneyGeek, with nearly a decade of editorial experience and six years of work in financial content focused on small businesses. She previously held SEO positions at Bankrate and LendingTree, with bylines on ValuePenguin and MagnifyMoney.

Wylie has a journalism degree from the University of North Texas. Her strong foundation in journalism helps her craft content that simplifies complex financial topics to help everyone feel confident when making decisions with their money.


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