Cheapest & Best Renters Insurance In Tulsa 2025
Chubb offers the cheapest renters insurance in Tulsa, with rates averaging about $11 per month. However, in my opinion, Lemonade is the best overall option in the area.
We’ve saved shoppers an average of $200 per year on their renters insurance.
Chubb offers the lowest-priced renters insurance in Tulsa, with an average monthly cost of about $11. However, if you prioritize top-tier online and mobile services, Lemonade stands out as the best provider. While its rates are higher—around $19 per month—it offers comprehensive coverage.
Known as the “Oil Capital of the World,” Tulsa experiences over 16,000 property crimes annually, impacting roughly 39 out of every 1,000 residents. This crime rate is higher than in many other U.S. cities. Given these figures, renters insurance is a smart choice, protecting your belongings while offering financial security and peace of mind.
Cheapest Renters Insurance Companies In Tulsa
If you’re searching for budget-friendly renters insurance in Tulsa, Chubb offers the lowest rates, with an average cost of around $11 per month. To help you compare your options, the table below lists the five most affordable providers.
| Company | Average Monthly Cost |
| State Farm | $15 |
| Shelter | $17 |
| Oklahoma Farm Bureau | $13 |
| USAA | $16 |
| Chubb | $11 |
Best Renters Insurance Companies In Tulsa
Chubb is a reliable option for renters seeking to minimize insurance costs, but the lowest price doesn’t always offer the best coverage. Personally, I believe Lemonade is the top choice for renters insurance in Tulsa. Their mobile app is one of the best available, making it easy to select the right coverage for your needs directly from your phone, all at reasonable rates. Additionally, they offer a variety of policies and extra coverage options, such as replacement cost coverage.
| Company | Average Monthly Cost |
| Farmers | $27 |
| Oklahoma Farm Bureau | $13 |
| Lemonade | $19 |
| Amica | $30 |
| American National | $18 |
Average Cost Of Renters Insurance In Tulsa
Renters in Tulsa typically pay around $24 per month or $288 per year for insurance. However, your actual cost may differ depending on factors like coverage limits, location, deductible, and the insurer’s pricing model. The table below compares the average rates from five leading providers in the area.
| Company | Average Monthly Cost |
| Lemonade | $22 |
| Farmers | $30 |
| American National | $20 |
| Amica | $33 |
| Oklahoma Farm Bureau | $15 |
Average Cost Of Renters Insurance In Tulsa By Deductible
A deductible is the amount you must pay out of pocket before your renters insurance starts covering a claim. Opting for a higher deductible can reduce your monthly premium, while a lower deductible increases your monthly cost. The table below shows the average renters insurance rates in Tulsa based on different deductible amounts.
| Deductible Amount | Average Monthly Cost |
| $250 | $24 |
| $500 | $23 |
| $1,000 | $22 |
| $1,500 | $21 |
| $2,000 | $19 |
Factors That Impact Renters Insurance Costs In Tulsa
Several factors affect the cost of renters insurance in Tulsa:
Location: Renters in areas with higher crime rates or greater risks of natural disasters, such as tornadoes and floods, typically face higher premiums.
Claim History: If you’ve made multiple claims in the past, insurers may view you as a higher risk, leading to increased rates.
Credit Score: Many insurers consider credit scores when determining premiums, with lower scores often resulting in higher costs.
Coverage Limits: Policies that include higher personal property and liability coverage, as well as add-ons like identity theft protection or replacement cost coverage, usually come at a higher price.
Deductible Amount: A higher deductible lowers your monthly premium, while a lower deductible increases it since the insurer assumes more risk.
Home Safety Features: Installing security systems, smoke detectors, or sprinkler systems can help reduce risk and potentially lower your insurance costs.
Not all renters insurance policies are the same — some exclude water damage, others limit theft coverage. With PolicyOwl, you can upload your current policy and instantly see if your coverage matches your needs.
Common Causes Of Loss In Oklahoma
Renters in Oklahoma face several risks, including theft, fires, tornadoes, floods, and water damage. Understanding these hazards can help tenants choose the right insurance policy to protect their belongings and finances.
Property Crime & Theft
With over 16,000 property crimes reported annually in Tulsa and more than 88,000 statewide, renters insurance is essential. It helps replace stolen items and may also provide liability coverage if someone is injured during a break-in.
Flood Risks
Flooding is a recurring issue in Tulsa, especially after heavy storms and rainfall due to its location along the Arkansas River. Since standard renters insurance doesn’t cover flood damage, tenants should consider purchasing a separate flood insurance policy for full protection.
Tornadoes & Severe Storms
Tulsa, located in Tornado Alley, frequently experiences tornadoes and strong storms that can cause extensive damage. Most standard renters insurance policies cover losses from high winds and severe weather, helping tenants recover from storm-related damage.
Fire Hazards
Fires can spread quickly in multi-unit buildings, causing significant losses. Renters insurance helps cover the cost of replacing personal belongings damaged by fire. Given Tulsa’s frequent fire incidents, having coverage is a smart decision.
Water Damage
Plumbing leaks, burst pipes, or roof damage can lead to expensive repairs. Renters insurance generally covers water damage inside the unit, but flood-related damage requires separate coverage.
Additional Protection
Renters insurance may also cover vandalism, accidental damage, and certain natural disasters, offering extra security and peace of mind.
By understanding these risks, renters can select an insurance policy that provides the best financial protection for their specific needs.
Our Methodology
To evaluate renters insurance providers, we considered key factors such as pricing, coverage options, claims processing, and customer service. Our research involved gathering quotes from multiple insurers in Tulsa, focusing on standard policies that include $20,000 in personal property coverage and $100,000 in liability protection.
We also examined deductible choices, additional coverage for risks like floods and earthquakes, and potential discounts for bundling renters and auto insurance. Customer reviews were a crucial part of our analysis, with ratings from sources like J.D. Power and Consumer Reports helping us identify insurers known for dependable service and hassle-free claims processing.
Additionally, we factored in local risks—such as theft and water damage—since these impact coverage needs. By analyzing all these elements, our guide provides a well-rounded comparison of renters insurance options in Oklahoma.
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About Bob Phillips
