How much is renters insurance in Oklahoma?

The average cost of renters insurance in Oklahoma is $266 a year, and the average monthly cost is $22. That's for a policy with personal property coverage of $40,000, liability coverage of $100,000, and a deductible of $1,000.

What you pay for renters insurance may differ from your neighbours because it depends on factors specific to each person: the property you want to insure, extra coverage options you add, and the deductible amount you choose.

"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 companies in Oklahoma

Shelter Insurance, Oklahoma Farm Bureau and State Farm are our best renters insurance companies in Oklahoma.

Rates differ widely between renters insurance providers, so it pays to shop around. But rates aren’t the entire picture. 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 rates and third-party ratings including complaint volume with the National Association of Insurance Commissioners (NAIC) and financial ratings from AM Best.

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.

Below is our list of best renters insurance companies in Oklahoma based on that analysis, with our score out of five.

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 based on our rate analysis with an average annual premium of $203.

Renters insurance prices can vary drastically between companies. That's why it is important to compare rates and see which company offers the best deal to get coverage at an affordable price.

Below are 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 affects how much you pay for renters insurance. The most expensive ZIP code in Oklahoma for renters insurance is 73118, where the average annual rate is $288 which is $22 more than the state average insurance premium.

On the other end of the spectrum, the least expensive ZIP code for renters insurance is 74954, with an average annual rate of $252.

The following table lists the least and most expensive ZIP codes in Oklahoma for renters insurance.

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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

Compare renters insurance rates by city in Oklahoma

Renters insurance rates vary significantly across cities, influenced by various factors, including weather patterns, crime rates, and property values. You must consider these factors and compare quotes from different insurers to get the best deal on renters insurance for your specific city in Oklahoma.

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 get cheap renters insurance in Oklahoma

There are a few things you can do to get cheaper renters insurance in Oklahoma:

Shop around. Not every Oklahoma renters insurance company offers the same rates or discounts. Shop around for the best price.
Ask about discounts. There are a lot of discounts available on renters insurance; one of the biggest is bundling your home and auto insurance, so ask for an auto quote at the same time.
Chose a higher deductible. Your deductible affects your premiums; higher deductibles mean lower rates. Just ensure you can afford the deductible if you have to pay it.

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.