Best and Cheapest Renters Insurance in Oklahoma for 2024

If you’re looking to get protection for your personal belongings — your TV, furniture, etc. — you’ll need renters insurance in Oklahoma. A common misunderstanding is that your personal items are covered under your landlord’s policy, but that’s not the case. Your landlord’s insurance covers the structure of the building and unit you’re renting. Renters insurance covers personal items and provides liability protection if an accident occurs in your apartment.

So if you want to ensure you’re properly covered while renting, it’s important to find one of the best Oklahoma renters insurance companies. But where do you start? In the table above, you can sort through all the renters insurance companies ranked on Clearsurance. The rating next to each company — the insurer’s Clearsurance score — is based exclusively on the thousands of ratings provided by customers.

Note: Only those companies with at least 25 renters insurance reviews are eligible to appear in the best Oklahoma renters insurance rankings.

Interested in learning more about one of the companies on the list of the best renters insurance companies in Oklahoma? You can visit the company’s profile page to find more information about the company and read reviews to learn from the experiences of other policyholders.

On this page:

• Oklahoma renters insurance rates
• Average cost of renting in Oklahoma City
• Average cost of renting in Tulsa
• Renters insurance for Oklahoma college students
• Oklahoma property crime statistics

Who offers the best Oklahoma renters insurance rates?

Out of the most popular renters insurance companies in Oklahoma, USAA offers the cheapest Oklahoma renters insurance rates, on average. This should come at no surprise. USAA offers deeply discounted insurance and other financial products to US military service members and their immediate families. However, USAA insurance company does not service the general public.

Note: Immediate family of deceased military members can still qualify for USAA as long as the military member had a USAA account before their death.

If you aren't eligible for USAA, your next cheapest option is State Farm. State Farm works exclusively with captive insurance agents. So when you get a quote from State Farm, the agents can quote you different State Farm products. But they would not be able to quote you policies from other companies for comparison.

If you’re renting an apartment in Oklahoma, be aware that the price you pay for renters insurance varies based on the insurance company you choose. Some companies may offer renters insurance in Oklahoma for a cheaper rate than others. In the table below, you can see average annual Oklahoma renters insurance rates from some of the largest companies in the state.

*USAA is only available to former and active military members and their families.

These average renters insurance rates are based on a policy with $30,000 in personal property coverage (with a $500 deductible), $100,000 in personal liability and $1,000 in medical payments to others. The rates displayed should only be used for comparative purposes as individual rates in Oklahoma will differ. Rate data is provided by Quadrant Information Services.

How much does rent cost in Oklahoma City?

In Oklahoma City, rent costs an average of $734 per month. The cost to rent in Oklahoma City can vary based on your apartment's location and size. Things like crime rate, amenities, and the type of housing available can lead to dramatic differences in rent costs. It can also affect the cost of liability coverage.

Oklahoma City is the capital and most populous city in the Frontier region state of Oklahoma. While the average cost of rent in Oklahoma City is $734 per month, rent varies based on the part of the city. For example, apartments in Bricktown cost an average of $1,314 per month while apartments in the Riverside area cost an average of $560 per month.

Another factor that affects rent cost in Oklahoma City is the size of the apartment. On average, studio apartments cost $578 per month, one-bedroom apartments cost $658 and three-bedroom apartments cost $964 per month. While renting an apartment in Oklahoma City, you may want to consider purchasing a renters insurance policy to protect your personal items while you rent.

What is the average cost of renting in Tulsa?

Tulsa is the second most populous city in Oklahoma and is located near the northeastern corner of the state. The average cost of rent in Tulsa is $686. Depending on the neighborhood, the cost of rent may vary. For example, apartments in the Brady Arts District cost an average of $1,080 per month while apartments in Longview Lake cost an average of $569 per month.

The size of the apartment also affects the cost of rent. On average, studio apartments in Tulsa cost $530 per month, one-bedroom apartments cost $609 per month and three-bedroom apartments cost $967 per month. Renters in Tulsa should also consider purchasing a renters insurance policy to protect their personal belongings.

How much is renters insurance for Oklahoma college students?

If you’re attending a college or university in Oklahoma, you may rent apartment located off campus. There are a few things for college students renting housing in Oklahoma to consider in order to protect their personal belongings.

Typically, college students who live in dorms located on the college campus are covered by their parents' homeowners insurance policy. That’s usually only the case for students who live on campus, though.

College students in Oklahoma who rent apartments off campus should consider a renters insurance policy because their items won’t be covered under their parents’ policy, and without a renters insurance policy, they won’t have any protection.

College students will most likely have roommates in the apartment they rent. Some renters insurance companies may also have regulations to prevent students from sharing policies. With limited coverage limits and low costs, you'll get a better claims experience and overall coverage if you have your own renters policy. If you have multiple roommates, an insurance agent could help you find multiple policies with the comprehensive coverage each person needs.

How common is property crime in Oklahoma?

Theft and vandalism or malicious mischief are among the 16 perils a standard renters insurance policy protects you from. So, how does crime in Oklahoma compare to other states around the country? The FBI published the following statistics on crime in Oklahoma for 2016:

• Property crime - 117,037
• Burglary - 29,103
• Larceny theft - 75,779

When compared to the national average rate per 100,000 inhabitants, all three crime statistics for Oklahoma rank above the national average. This means you're more likely to experience a break-in that could result in damage to or theft of your personal property. If you don't have a good renters policy, you would be responsible for these losses on your own.

How can you save money on your renters insurance in Oklahoma?

While renters insurance may be more affordable than other types of insurance, no one wants to pay more than they have to. So what are the different ways you can lower your Oklahoma renters insurance premium and have some extra spending money?

Here are the top 5 ways to save on your renters insurance:

• Raise your deductible
• Ask about potential discounts
• Bundle your renters policy with your auto policy or other insurance
• Determine the actual cash value of your personal property
• Pay your annual premium in full at renewal

How Clearsurance rates and ranks the best renters insurance companies in Oklahoma

Consistent with its mission towards greater transparency, Clearsurance does not keep its rating and ranking formulas in a black box. Our algorithm analyzes a range of inputs from our independent community of insurance customers, including:

• Price
• Customer Service
• Claim service
• Likelihood to renew

The algorithm also takes into account the percentage of what customers say the company does well vs. the percentage of what customers say the company could do better.

The Clearsurance customer ratings and rankings are derived entirely from customer reviews and ratings.

Renters insurance guide

As we mentioned above, there’s common misconceptions regarding what is and isn’t covered by a renters insurance policy. Before you purchase a policy from one of these best renters insurance companies in Oklahoma, it’s important to understand what your policy covers. For example, did you know that many renters insurance policies include liability protection in the event a non-resident is injured on the property. Plus, if your apartment becomes uninhabitable from an incident, some policies may cover your expenses as you find temporary housing in Oklahoma.

We want to make sure you’re equipped with a proper knowledge of renters insurance, so check out our renters insurance guide. Looking for more educational information about renters insurance? Check out our renters insurance blog for more information and topics related to renters insurance.