American National and State Farm lead Oklahoma's renters insurance market. State Farm provides the best overall value, balancing affordability with quality service. American National offers the lowest rates at $17 monthly and the best coverage options.
Cheap Renters Insurance in Oklahoma
Updated: May 1, 2025
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Key Takeaways
American National offers Oklahoma's cheapest renters insurance, starting at $207 a year. State Farm provides the best overall coverage.
Renters insurance in Oklahoma costs an average of $29 per month, ranging from $17 to $51.
To find the best and most affordable renters insurance, decide on your coverage needs first. Then, research costs and compare many quotes.
Oklahoma Renters Insurance Quote Estimates
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Rates updated:
Jul 05, 2025
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Best Cheap Renters Insurance Companies in Oklahoma
| State Farm | 95 | $22 | $268 |
| Chubb | 91 | $51 | $618 |
| American National | 89 | $17 | $207 |
| Shelter | 84 | $28 | $342 |
| Foremost | 78 | $39 | $463 |
*This list shows rates for a renter with good credit, no claims history, $50K in property damage coverage, $100K in liability coverage, a $1,000 deductible and guaranteed replacement.
Compare Personalized Best Cheap Renters Insurance in Oklahoma
While our list above covers most renters, it may not show your ideal options. We've made a filterable table that matches your profile to help you find the best options in Oklahoma.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Contents Replacement:Yes
Select
Credit Tier:Good
| State Farm | 95 | $15 | $179 |
| American National | 89 | $13 | $153 |
| Chubb | 87 | $34 | $403 |
| Shelter | 84 | $18 | $220 |
| Foremost | 75 | $26 | $311 |
Best Oklahoma Renters Insurance Reviews
The sections below detail our top picks for affordability, customer service and coverage options for Oklahoma renters insurance.
State Farm: Best Overall
pros
Most affordable for lower coverage levels
High financial stability ratings
Top five in national customer satisfaction
cons
Not many add-on coverage options
COMPANY HIGHLIGHTS
State Farm offers Oklahoma's best renters insurance, with customizable property coverage limits and rates starting at $22 monthly. It ranks fourth nationally in J.D. Power's customer satisfaction study.
American National: Cheapest Overall
pros
Lowest rates
Decent add-on coverage selection
cons
Mixed customer reviews
COMPANY HIGHLIGHTS
American National offers Oklahoma's cheapest renters insurance at $17 monthly or $207 yearly on average. Its unique add-ons include temporary relocation assistance and contents replacement that covers new items rather than depreciated values. Customer reviews mention limited discount options and mixed service experiences.
Average Cost of Renters Insurance in Oklahoma
The average cost of renters insurance in Oklahoma is $353 per year, 46% higher than the national average of $242. These rates reflect a policy with $50K in personal property coverage, $100K in liability limits and a $1,000 deductible. Your rate may vary based on your situation.
Below is a table where you can filter key factors affecting renters insurance rates to see average costs for your profile.
Data filtered by:Results filtered by:
Select
Coverage Level:$50K Personal Property / $100K Liability
Select
Deductible:1000
Select
Claims History:Claim free for 5+ years
Select
Credit Tier:Good
Select
Contents Replacement:Covered
| $50K Personal Property / $100K Liability | $29 | $353 |
Average Oklahoma Renters Insurance Cost by City
Renters insurance costs vary by city. The average annual premium in Broken Arrow is $302; in Norman, it's $328 for a policy with $50K in personal property coverage and $100K in liability coverage. Check the table below for the average cost in your city.
| Broken Arrow | $302 |
| Norman | $328 |
| Oklahoma City | $320 |
| Tulsa | $318 |
*This table shows rates for a renter with good credit and no claims history. Policies include $50K property damage coverage, $100K liability coverage, a $1,000 deductible and guaranteed replacement.
Oklahoma Renters Insurance: Buyer's Guide
Finding the best and cheapest renters insurance in Oklahoma can be difficult with many options available. Our guide helps you choose coverage that fits your needs.
How to Find the Best Cheap Renters Insurance in Oklahoma
Follow these steps to get the best coverage at the lowest price:
- 1
Determine the right coverage level
Before shopping for renters insurance, determine how much coverage you need. Take inventory of your belongings and estimate their value. Consider local risks such as weather damage, crime rates and liability issues if you own pets that might bite others.
- 2
Research costs and discounts
With your coverage needs identified, research average costs for similar coverage. This gives you a baseline for comparing quotes. Look into discounts you might qualify for to save more money.
- 3
Compare providers
Research insurance companies' reputations, typical costs and coverage options before getting quotes. This helps narrow your choices to providers that best match your needs.
- 4
Consider bundling
Check if bundling renters and auto insurance with your current insurer makes sense. Often, the discount on auto insurance can offset most or all of your renters insurance cost.
- 5
Compare multiple quotes through different channels
Get at least five quotes with identical coverage levels to ensure fair comparisons. Check prices through comparison sites, provider websites, insurance brokers and phone calls with agents, as rates may vary by channel.
- 6
Compare rates annually
Insurance rates change frequently. The best deal today might not be the best next year. Compare rates annually to avoid paying more than necessary.
How Much Renters Insurance Do I Need in Oklahoma?
Oklahoma law doesn't mandate renters insurance, but most landlords require at least $100K in liability coverage. Requirements may vary based on your rental history, credit score and pet ownership. When choosing a policy, consider the value of your belongings, local weather risks, neighborhood crime rates and pet ownership.
Use our calculator below to determine your ideal personal property limits so you know how much renters insurance you need.
Personal Property Coverage Calculator
When figuring out how much renters insurance you need, experts recommend the standard $100,000 in liability insurance and enough personal property protection to cover your possessions. Use MoneyGeek's calculator to estimate the value of your possessions so you know how much personal property coverage to buy.
clothing & accessories
Clothes, shoes, bags, belts, hats, gloves, etc.
Oklahoma Renter Risk Considerations
Here are the usual risks for renters in Oklahoma, along with coverage options:
- Weather risks: Oklahoma faces a high risk of hurricanes, tornadoes and earthquakes in certain areas. Standard coverage may not protect you in high-risk zones, requiring additional coverage.
- Crime risks: Oklahoma ranks 11th for property crime and 29th for identity theft and fraud nationwide. Consider adding extra coverage to your renters policy for better protection against property damage.
- Pet ownership: Pet owners should consider pet liability coverage. Check if your provider's standard policy includes pet protection or requires an add-on.
- Property types: Standard policies might not fully cover specialized items like tools, electronics or rental property structures like pools. Look for insurers offering specific add-ons to protect these belongings.
How Does Renters Insurance Coverage Work?
Renters insurance typically covers damage to your property, liability to others and loss of use linked to your rental home. Make your policy more comprehensive by adding extra coverages. Here are some common types of renters insurance coverage:
Coverage Type | Standard or Add-on | Coverage Details |
|---|---|---|
Standard | Pays for damaged or stolen personal items in your rental, up to your policy limit. You receive the actual cash value (depreciated value) unless you have replacement cost coverage, which provides funds for new items. | |
Standard | Pays for medical and legal expenses if someone is injured in your rental. Many landlords require tenants to have this coverage. | |
Additional living expenses | Standard | Covers temporary housing costs, including meals, lodging and transportation, when you can't stay in your rental home. Benefits are typically based on a percentage of personal property limits or a set amount, depending on the insurer. |
Natural disasters | Add-on | Separate policies that cover personal property damage caused by earthquakes and floods |
Parts/Equipment | Add-on | Separate policies for tools, appliances and utilities in your rental |
Scheduled property | Add-on | Insures specific valuable items up to a predetermined amount |
Identity theft | Add-on | Protects financially against identity theft, covering stolen funds, legal expenses and monitoring services. |
Pet liability | Add-on | Covers injuries caused by your pet on your rental property, though standard policies may include this |
Modifications | Add-on | Covers custom additions and modifications not part of the original rental property |
Food loss | Add-on | Reimburses any food lost due to covered incidents |
Best Renters Insurance in Oklahoma: Bottom Line
State Farm and American National are Oklahoma's best and cheapest overall renters insurance companies. While we recommend these options, research for yourself and compare multiple companies and quotes to get the best deal.
Renters Insurance in Oklahoma: FAQ
Here are answers from our experts to common questions:
What is the cheapest renters insurance company in Oklahoma?
American National offers the cheapest renters insurance in Oklahoma, with an average annual premium of $207 or $17 per month.
What is the best renters insurance company in Oklahoma?
State Farm is the best renters insurance company in Oklahoma, with a MoneyGeek score of 95 out of 100 due to its excellent balance of affordability, customer satisfaction and coverage options.
How much does renters insurance cost in Oklahoma?
The average cost of renters insurance in Oklahoma is $353 per year or $29 per month, 46% higher than the national average. Annual premiums range from $207 to $618.
Is renters insurance required in Oklahoma?
Oklahoma doesn't legally require renters insurance, but your landlord might ask for it. Consider your needs and situation to decide if a policy is right for you. Reasons to get renters insurance include financial protection from common risks and liability for third-party injuries.
How We Found the Best Cheap Renters Insurance Companies
To find the cheapest renters insurance in Oklahoma, we used this base profile:
- $50K personal property coverage
- $100K liability coverage
- $1,000 deductible
- Property replacement coverage
- Good credit score
We used this to determine our affordability score for the state (60% of the score).
Other parts of our score included:
- Customer satisfaction from industry research (25%)
- Add-on coverages (10%)
- Financial strength ratings (5%)
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
sources
- American Red Cross. "Which Natural Disasters Should You Prepare For?." Accessed May 2, 2025.
- Insurance Information Institute. "Facts + Statistics: Identity Theft and Cybercrime." Accessed May 2, 2025.
- U.S. News. "Low Property Crime Rate." Accessed May 2, 2025.