Cheapest & Best Renters Insurance In Oklahoma City 2025
If you’re in Oklahoma City and looking for affordable renters insurance, Shelter has the lowest rates, averaging around $7 a month. That said, my personal recommendation for renters in the area is Chubb, as I believe it’s the best overall option.
We’ve saved shoppers an average of $200 per year on their renters insurance.
In Oklahoma City, Shelter offers the most budget-friendly renters insurance, with rates starting at just $7 a month. However, if you’re after better overall coverage and service, Chubb is a solid choice. It costs a bit more—around $13 monthly—but provides extra value for the price.
Known as “The Big Friendly,” Oklahoma City sees more than 20,000 property crimes each year. That breaks down to about 29 incidents per 1,000 people, putting it among the cities with higher crime rates in the U.S. Given these stats, having renters insurance is a smart investment. It helps protect your belongings and gives you added financial protection and peace of mind.
Cheapest Renters Insurance Companies In Oklahoma City
If you’re looking for low-cost renters insurance in Oklahoma City, Shelter has the cheapest rates, averaging about $7 per month. To make comparing easier, here’s a table showing the five most affordable insurance providers in the area.
| Company | Average Monthly Cost |
| State Farm | $14 |
| American National | $16 |
| Shelter | $7 |
| Chubb | $13 |
| USAA | $11 |
Best Renters Insurance Companies In Oklahoma City
If saving money is your main goal, Shelter is a solid pick for low-cost renters insurance. But keep in mind, the most affordable option isn’t always the most dependable. In my opinion, Chubb stands out as the top overall choice for renters insurance in Oklahoma City. They’re known for excellent customer service, competitive pricing, and a wide range of coverage options. Plus, Chubb includes contents replacement cost coverage, so you’re fully protected when replacing your personal items.
| Company | Average Monthly Cost |
| Farmers | $26 |
| Foremost | $19 |
| Oklahoma Farm Bureau | $23 |
| Chubb | $13 |
| Travelers | $17 |
Average Cost Of Renters Insurance In Oklahoma City
Renters in Oklahoma City typically spend about $22 a month—or around $264 a year—on renters insurance. However, your actual cost can vary based on several factors, including how much coverage you need, your neighborhood, your deductible, and each insurer’s pricing approach. Below is a table that compares average rates from five top insurance companies in the area.
| Company | Average Monthly Cost |
| Oklahoma Farm Bureau | $25 |
| Travelers | $20 |
| Foremost | $23 |
| Chubb | $16 |
| Farmers | $28 |
Average Cost Of Renters Insurance In Oklahoma City By Deductible
A deductible is the amount you agree to pay yourself before your renters insurance kicks in to cover a claim. Choosing a higher deductible usually lowers your monthly premium, but you’ll pay more out of pocket if something happens. If you go with a lower deductible, your monthly costs will be higher, but you’ll pay less when filing a claim. The table below breaks down the average renters insurance rates in Oklahoma City based on different deductible levels.
| Deductible Amount | Average Monthly Cost |
| $250 | $22 |
| $500 | $21 |
| $1,000 | $20 |
| $1,500 | $19 |
| $2,000 | $17 |
Factors That Impact Renters Insurance Costs In Oklahoma City
Several important factors can influence how much you’ll pay for renters insurance in Oklahoma City:
Coverage Level: Opting for higher coverage—especially for personal belongings or liability—can raise your premium. Add-ons like replacement cost coverage or identity theft protection also increase the cost.
Claims History: A record of multiple past claims may signal higher risk to insurers, often resulting in more expensive premiums.
Home Safety Features: If your place has things like security systems, smoke detectors, or sprinkler systems, insurers may see it as lower risk, which could lead to discounts.
Your Neighborhood: Living in a high-crime area or a region prone to natural disasters like tornadoes and storms can cause premiums to go up.
Credit Score: Many insurers factor in your credit score. A lower score can mean higher premiums, while a strong score may help lower your costs.
Deductible Choice: Picking a higher deductible can reduce your monthly premium, but it means paying more out of pocket if you ever need to file a claim. Lower deductibles usually mean higher monthly payments.
Common Causes Of Loss In Oklahoma
Renters in Oklahoma face a range of risks, making the right insurance policy crucial to protect both belongings and finances. Being aware of these common hazards can help you select the coverage you truly need.
Flood Risks
Flash floods are a real concern in Oklahoma City, especially after heavy rains or storms. Since standard renters insurance doesn’t cover flood damage, it’s recommended to purchase a separate flood policy for that added protection.
Water Damage
Water damage from burst pipes, roof leaks, or faulty plumbing is common in rentals. While renters insurance typically covers such incidents, it doesn’t protect against flooding, which is why you might need additional flood coverage.
Tornadoes & Severe Weather
Oklahoma is known for frequent tornadoes and severe weather. Most renters insurance policies cover damage from strong winds and storms, helping you recover from weather-related incidents.
Fire Hazards
Fires can quickly spread, especially in apartment buildings or multi-unit homes. Renters insurance can cover the cost of replacing personal items lost in a fire, which is especially important since fires are relatively common in Oklahoma City.
Property Crime & Theft
With over 20,000 property crimes reported annually in Oklahoma City, renters insurance can help reimburse you for stolen items and may also include liability coverage if someone gets injured during a break-in.
Extra Coverage Options
Some renters insurance policies also cover damages from vandalism, accidental damage, and certain natural disasters, providing added peace of mind.
Being aware of these risks can help Oklahoma City renters make informed decisions and select the right policy to safeguard their belongings and finances.
Our Methodology
To evaluate renters insurance providers in Oklahoma City, we focused on several important factors: pricing, coverage, claims experience, and customer service. We collected quotes based on standard policies with $20,000 in personal property coverage and $100,000 in liability protection.
We also took into account the flexibility of deductibles, available add-on coverage options (such as flood or earthquake insurance), and discounts for bundling renters and auto policies. Customer satisfaction played a key role, so we used ratings from trusted sources like J.D. Power and Consumer Reports to highlight insurers with strong reputations and smooth claims processes.
Additionally, we considered local risks specific to Oklahoma City, such as theft and water damage, which impact the type of coverage renters may need. This comprehensive approach ensures a well-rounded and reliable comparison of renters insurance options throughout Oklahoma.
Quotes Analyzed
Brands Reviewed
Research Hours
Years Of Experience
About Bob Phillips
