Renters insurance in Oklahoma: Cost, best companies and how to save

What is the average cost of renters insurance in Oklahoma?

The average renters insurance cost in Oklahoma is $266 per year. Rates vary based on factors such as location, coverage amount, deductible, and claims history.

"The number one thing that's most important is to get good liability. A renter's policy will default to $100,000 liability," Josiah Hatch, an insurance pro with Bender Hatch Insurance in Boston, said. "It costs next to nothing to go from $100,000 to $500,000. I want to say it's probably 10 bucks a year. It's really cheap to get a lot of extra coverage. I always recommend getting the most liability you can because that's, at its core, what insurance is all about: the worst-case scenario."

Average annual premium	$266
Average monthly premium	$22

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Best renters insurance company in Oklahoma: Shelter Insurance

Among the carriers surveyed, Shelter Insurance is the best renters insurance company in Oklahoma, with a top score and an average renters insurance rate of $256.

Oklahoma Farm Bureau and State Farm are the other best insurance companies for renters insurance in Oklahoma.

Rates differ widely between renters insurance providers, so it's best to shop around. It's also important to choose an insurance company with a good reputation so you know it will be there for you when you need it.

To help you choose the best renters insurance in Oklahoma, we reviewed average rates, NAIC complaints, and AM Best financial ratings. The total Insurance.com score is calculated out of five using these factors.

Below are the best renters insurance companies in Oklahoma.

Company	Average annual premium	AM Best	NAIC	Insurance.com rating
Shelter Insurance	$256	A	0.42	5
Oklahoma Farm Bureau	$306	A-	0.4	4.6
State Farm	$203	A++	0.95	4.23
Farmers	$325	A	0.54	4.2
AFR Insurance	$392	A	0.55	3.69

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Cheapest renters insurance in Oklahoma

State Farm is the cheapest renters insurance company in Oklahoma, with an average annual premium of $203, based on our analysis.

Since renters insurance rates vary significantly from one provider to another, comparing quotes is the best way to find affordable coverage that fits your needs.

Below is the list of the cheapest renters insurance companies in Oklahoma and their average annual premiums.

Company name	Average annual premium
State Farm	$203
Shelter Insurance	$256
Oklahoma Farm Bureau	$306
Farmers	$325
AFR Insurance	$392
USAA	$212

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Oklahoma renters insurance: The least and most expensive ZIP codes

Where you live in Oklahoma directly affects the cost of your renters insurance. The most expensive ZIP code in Oklahoma is 73118, where the average annual premium is $288. This is $22 more than higher than the average rate.

In contrast, the least expensive ZIP code for renters insurance is 74954, offering coverage at $252 a year.

The table below shows the most and least expensive ZIP codes in Oklahoma for renters insurance.

Best home insurance companies in Texas

Most expensive ZIP code
Least expensive ZIP code

ZIP code	Average annual rate
73118	$288
73116	$287
73104	$286
73071	$283
73149	$280
73025	$279
73167	$277
73951	$270
73541	$268
74604	$261

ZIP code	Average annual rate
74954	$252
74936	$253
74427	$254
74964	$255
73436	$262
73901	$270
73654	$271
73045	$278
73097	$280
73003	$283

Renters insurance cost in Oklahoma by city

In Oklahoma, renters insurance rates vary across cities due to factors such as weather risks, crime rates, and other factors. To get the best deal in your city, Compare quotes from several insurers before selecting a policy, so they weigh each factor differently.

City	Annual insurance premium
Broken Arrow	$254
Edmond	$276
Enid	$269
Lawton	$264
Midwest City	$275
Moore	$273
Norman	$273
Oklahoma City	$276
Stillwater	$268
Tulsa	$255

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How to save on renters insurance in Oklahoma

There are several easy ways to lower the cost of renters insurance in Oklahoma without losing necessary coverage:

Bundle your policies. Many insurance companies offer a discount if you buy renters and auto insurance together.
Increase your deductible. Choosing a higher deductible will lower your monthly or yearly premium; just ensure you can afford it.
Ask about discounts. Most providers offer savings for things like smoke alarms, security systems, or being claims-free.
Compare quotes. Prices can vary widely between companies, so getting quotes from multiple insurers can help you find the best deal.
Pay annually. Some insurers offer a small discount if you pay once a year instead of monthly.

Methodology

Insurance.com compared renters insurance rates provided by Quadrant Information Services for $40,000 personal property coverage with a $1,000 deductible and $100,000 liability coverage for all available ZIP codes based on a renter with good credit. To rank the best insurance companies, we gathered AM Best financial stability ratings, where an A++ is the best possible score, and National Association of Insurance Commissioners (NAIC) complaint ratios, which compare the number of complaints a company receives to the anticipated complaint volume based on market share. These factors were used along with rates to find the best companies overall.

FAQ: Oklahoma renters insurance

Do I need renters insurance in Oklahoma?

Renters insurance isn't required by law, but your landlord may require you to purchase a policy as part of your lease agreement.

How much renters insurance do I need in Oklahoma?

You don't need any renters insurance by law, but when buying a policy you should ensure you have enough personal property coverage to cover all of your personal property at replacement cost.