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Best Renters Insurance in Oklahoma City, OK

March 3, 2021, 12:13 p.m.

Renters often overlook insurance when living in an apartment or home. But if an unfortunate event occurs and your belongings are damaged or you are legally responsible for an accident, it’s important to have financial protection. We researched the best renters insurance in Oklahoma City to find coverage at low monthly rates.

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How we chose the best

ConsumerAffairs thoroughly researched consumer reviews and company information.

32 Hours researched
111 Reviews analyzed
14 Companies evaluated
10 Companies selected

Wide choice of A-rated insurers!

  • Covers up to $1 million of liability
  • Offers a free online quote tool
  • Handles 30% of claims instantly, with immediate payment
  • Available in Oklahoma City and select states
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How to choose rental insurance in Oklahoma City


Whether you are living in a rental apartment or home, don’t assume the property owner has you covered. In most cases, that policy only protects the domicile’s physical structure. It won’t reimburse you for personal belongings damaged or stolen, and it won’t come to your legal aid if an accident occurs.

That’s where renters insurance comes in. The standard policy has three components:

  • Personal belongings, which pays to replace or repair your possessions if they are damaged or stolen; a deductible usually applies.
  • Liability, which pays for someone else’s injuries or damage to their property if you are legally responsible; it also covers legal costs.
  • Additional living expenses, which pays for reasonable increases in living expenses if a covered event makes your residence uninhabitable.

The most common renters insurance claims are for theft, fire and smoke, vandalism and water damage. Renters insurance also covers losses after tornadoes, an important consideration here in Tornado Alley; according to the National Weather Service, the OKC area has been hit by a tornado 162 times since 1890.

When you purchase renters insurance in OKC, you’ll have to decide on coverage limits, or the maximum amounts the insurance company will pay out. You’ll also choose the deductible, or the amount you pay out of pocket before coverage kicks in.

Take an inventory of your belongings to figure out how much coverage to buy. Most renters buy at least $20,000 of personal belongings coverage. Also, determine if you want to be compensated by the replacement cost value (the full cost to replace your lost possessions with new ones) or actual cash value (the market value, including depreciation). Many renters choose to pay slightly more for replacement coverage.

Your liability limit should provide sufficient protection in case you are sued; the typical policy offers $100,000 of coverage.

How much does renters insurance in OKC cost?

Several factors affect renters insurance costs. For example, a higher coverage limit or lower deductible will raise your premium. Where you live and the property type also matter. On average, policyholders pay $10 - $20 per month for renters insurance in OKC.

Insurance companies offer renters insurance discounts. Ask about savings for:

  • Bundling your renters policy with auto insurance
  • Having a security system or smoke detectors
  • Being claims-free
  • Having a strong credit score
  • Paying premiums automatically

Before you choose a policy, make sure you read it over carefully. Some events, like earthquakes and floods, are not covered and require additional protection. Also, if you have high-value items like art or jewelry, it’s essential to ask about scheduled personal property coverage.



Lemonade offers renters insurance, homeowners insurance and pet insurance in Oklahoma. Its renters policies cover personal property, personal liability and temporary living expenses. You can add additional coverage with a $0 deductible for items including jewelry, fine art, bikes and more. Use the Lemonade app to file a claim and, in some cases, get payment within seconds. Lemonade’s Giveback program donates unclaimed funds to nonprofits chosen by its customers.



Policygenius is an online, independent insurance broker that has helped over 4.5 million people in the U.S. look for coverage. The company helps renters figure out appropriate coverage limits and offers side-by-side comparisons of policies and quotes. Customers in Oklahoma City like the assistance from licensed advisers and not having to overshare personal information while shopping.

ConsumerAffairs content is intended to be used for general information purposes only. Before you make any investment, it is very important to do your own analysis based on your own personal circumstances and consult with your own investment, financial, tax and legal advisors.