Best and Cheapest Renters Insurance in Oklahoma (2025)

While State Farm is the best for $20K in personal property coverage with an average annual premium of $92 and a MoneyGeek score of 96 out of 100, the best for you will depend on your needs. USAA is best for veterans, and Chubb is best for those with poor credit. Remember to select a provider that aligns with your specific requirements.

State Farm is the best renters insurance provider in Oklahoma, with a MoneyGeek score of 96 out of 100 and an annual premium of $92 for $20K in personal property coverage. This provider typically balances both cost and customer service. The following providers are the two best renters insurance providers in Oklahoma for the same policy:

• State Farm: MoneyGeek score of 96 out of 100 ($92 per year)
• Chubb: MoneyGeek score of 94 out of 100 ($149 per year)

State Farm has perfectly balanced customer satisfaction and affordability. However, the best option for you will still depend on your needs.

Shelter offers the cheapest renters insurance in Oklahoma with an annual premium of $92 for $20K in personal property coverage and a $1,000 deductible. The following providers are the two cheapest:

• Shelter: $92 per year
• State Farm: $92 per year

Personal property coverage protects your belongings, such as furniture, electronics and clothing, against risks like theft or fire. Cheap renters insurance policies often have low personal property coverage limits. Higher personal property coverage limits can increase your monthly costs, but they also provide better protection if you own many belongings.

In Oklahoma, State Farm offers the cheapest renters insurance for $20,000 in personal property coverage with a $2,000 deductible, with an annual premium of $84. The two cheapest providers are:

• State Farm: $84 per year
  
• Shelter: $85 per year

A deductible affects your costs by determining how much you pay out-of-pocket before insurance coverage starts. A high deductible can help lower your insurance costs. Look at how rates change using the table below.

Chubb is the best renters insurance company for service quality in Oklahoma for a $20K personal property coverage, with an annual premium of $149. The top two providers are:

• Chubb: MoneyGeek score of 100 out of 100 ($149 per year)
• State Farm: MoneyGeek score of 90 out of 100 ($92 per year)

Great customer service is critical for renters because it provides peace of mind and security. When you make a claim, great service ensures your process is smooth and your issues are resolved quickly.

State Farm is the best renters insurance company for renters needing $100K of personal property coverage in Oklahoma, with an annual premium of $217. The two best providers are:

• State Farm: MoneyGeek score of 96 out of 100 ($217 per year)
• American National: MoneyGeek score of 88 out of 100 ($238 per year)

Renters with more personal belongings need higher personal property coverage. Personal property coverage helps protect your valuables against theft, fire or other damages. However, higher personal property coverage usually means a higher cost. That’s why it's essential to find a provider who can balance cost and great service, ensuring you have sufficient coverage for your valuables without overpaying.

USAA is the winning company for homeowners with military backgrounds in Oklahoma, with an annual premium of $141 for $20K in personal property coverage. The two best providers are:

• USAA: MoneyGeek score of 100 out of 100 ($141 per year)
• State Farm: MoneyGeek score of 96 out of 100 ($92 per year)

USAA serves exclusively those with military ties. It offers a range of products tailored for those with a military background, offering discounts and coverages that suit the military lifestyle. While USAA does not rank first in affordability, with State Farm being cheaper at $92 annually, its specialized offerings make it worth considering for military families.

Chubb is the best renters insurance company for people with poor credit in Oklahoma, with an annual premium of $262. The following providers are the top two best providers in Oklahoma for those with poor credit.

• Chubb: MoneyGeek score of 98 out of 100 ($262 per year)
• State Farm: MoneyGeek score of 96 out of 100 ($200 per year)

Rates for people with poor credit are often higher, because providers view them as higher risk. Poor credit can be associated with higher likelihoods of filing claims. However, you can take steps to improve your credit to lower your rates and take advantage of discounts where possible.

The average cost of renters insurance in Oklahoma is $261 per year or $22 per month. This is approximately $116 more than the national average of $145 per year. These rates are for a policy with $20K in personal property coverage, $100K in liability coverage and a $1,000 deductible.

The cost of renters insurance in Oklahoma can vary significantly based on the amount of personal property coverage you choose. Use the tool below to get an estimate tailored to your needs.

The average cost for renters insurance not only varies by state, but also varies by city. For instance, the average cost of renters insurance in Broken Arrow, Oklahoma is $176, while in Norman, Oklahoma, it is $190

These rates are based on a renters insurance policy with $20K personal property limits, $100K liability limits, a $1,000 deductible, and a good credit score. See the average cost in your city using the table below.

Multiple factors impact the cost of renters insurance in Oklahoma, including location, coverage amount, and the value of personal property. Understanding these factors is important because it helps renters make informed decisions and potentially save money.

• Location: The area where you live can affect your premium due to crime rates and weather-related risks.
• Coverage Amount: Opting for higher coverage limits will typically increase your insurance costs.
• Deductible: Choosing a higher deductible can lower your monthly premium, but you'll pay more out-of-pocket in case of a claim.
• Claims History: Renters with a history of claims may face higher premiums due to perceived risk.
• Credit Score: Insurance companies may use your credit score to determine your premium, with higher scores often leading to lower costs.

Determining your personal property coverage as a renter starts with a thorough personal inventory of your belongings, along with their estimated value and proof of ownership. Here's how to create one:

1. Start With Big-Ticket Items: List all high-value items first, such as electronics, jewelry and furniture, noting their make, model and serial numbers when available.
2. Document With Photos or Videos: Take clear photographs or video recordings of your belongings, capturing any identifying marks or conditions.
3. Include Receipts and Appraisals: Attach purchase receipts, warranty cards and appraisal documents for items of significant value.
4. Store Information Securely: Keep your inventory list and supporting documents in a safe, accessible location, such as a cloud storage service.
5. Update Regularly: Review and update your personal inventory annually or whenever you acquire or dispose of items.

Renters insurance primarily protects your personal belongings from damage, but it also extends to other areas such as liability and additional living expenses. Here's what a typical policy may cover:

• Personal Property Coverage: Safeguards your possessions against covered perils like theft to help you replace them.
• Personal Liability Coverage: Protects you from legal responsibility for injuries or damage to others, such as if a guest is injured in your rental unit.
• Loss of Use Coverage: For additional living expenses if your rental is uninhabitable due to a fire, for example, loss of use coverage can cover temporary housing costs.

Renters insurance typically applies to specific events, like theft, vandalism or specific natural disasters. Here's what most policies cover:

• Fire or lightning
• Windstorm or hail
• Explosions
• Riots
• Damage caused by aircraft
• Damage caused by vehicles
• Smoke damage
• Vandalism
• Theft
• Volcanic eruption
• Falling objects
• Weight of ice, snow or sleet
• Water-related damage from home utilities
• Electrical surge damage

Although renters insurance provides a safety net for your personal property and liability, it does not universally cover all losses. For instance, damage from floods typically falls outside standard policies. Here's what else is usually not included:

• Natural Disasters: Standard policies often exclude events like floods and earthquakes.
• High-Value Items: Expensive jewelry or electronics may exceed policy limits.
• Business Equipment: Items used for business purposes may require additional coverage.
• Roommate Property: Your policy does not cover your roommate's belongings.
• Pest Damage: Infestations and damage from pests are generally not covered.
• Car Theft: Personal vehicles are covered under auto insurance, not renters insurance.

Understanding these exclusions can help you seek additional coverage if necessary, ensuring you're protected against a wider range of potential risks.

Finding the best renters insurance in Iowa can be easy. We've answered some common questions to help you make an informed decision.