Affordable landlord insurance for Oklahoma rental properties: single homes, duplexes, or full portfolios. Ranked #1 in Oklahoma City.
Based on 165+ rental properties we insure across Oklahoma. We are not quoting national averages. These figures come straight from the landlord and rental dwelling policies we manage for Oklahoma property owners right now, in 2026.
Shopping today? New landlord quotes we run in 2026 for a single Oklahoma City rental typically land between $1,800 and $3,500 a year, with newer roofs and 2% wind/hail deductibles at the low end, older roofs and full replacement cost at the high end. Rates keep climbing statewide, which is why the book median below sits under what a brand-new quote costs.
What moves your price inside that range: the rebuild value of the home, roof age and shape, the wind and hail deductible you choose, claims history, and whether the home sits in the metro or a rural protection class.
Most Oklahoma rental policies carry a separate wind and hail deductible of 2% to 5% of the dwelling coverage. On paper that sounds small. In dollars it is not:
| Dwelling coverage | 2% wind/hail deductible | 5% wind/hail deductible |
|---|---|---|
| $150,000 | $3,000 out of pocket | $7,500 out of pocket |
| $200,000 | $4,000 out of pocket | $10,000 out of pocket |
| $300,000 | $6,000 out of pocket | $15,000 out of pocket |
A cheaper premium with a 5% deductible can cost you more after one hail storm than years of the premium savings. We run both numbers on every quote so you pick with your eyes open.
Because we are independent, one application gets your property in front of the carriers that actually want Oklahoma rentals, including Liberty Mutual, Foremost, Obie, American National, Steadily, and American Modern. Different carriers price roof age, older homes, and portfolios very differently, and that spread is exactly why our landlords' premiums range as widely as the numbers above.
One of the landlord markets we quote is Obie's StarStone Specialty Insurance Company program, a dwelling fire product built specifically for property owners. Three things make it stand out:
One thing to watch: the dwelling replacement cost coverage carries a coinsurance clause. If the building is insured for less than 80% of its value, determined at the time of loss by a licensed adjuster, a claim can be penalized. It is exactly why we insure to a real rebuild number instead of the loan balance, on this policy and every other one.
“Super easy! Did it all in one afternoon. Didn't know anything about it and John made it super quick/painless. Saved a little over a thousand dollars for a few hours of work.”
Mitch Summerford · 5.0 on Google
“John was super knowledgeable, responsive, and actually took the time to walk me through everything so I felt confident in my coverage. He found me a great rate.”
SJean · 5.0 on Google
“Great experience. Did not know shopping for insurance could be this easy. I saved money after receiving a rate hike from my previous insurer.”
Mark Carter · 5.0 on Google
A landlord policy, often written on a dwelling fire form, insures a property you rent to someone else. A homeowners policy assumes you live there, and carriers will deny or non-renew a homeowners policy on a home that is actually a rental. The four pieces that matter:
What it does not cover: your tenant's belongings. That is their renters policy, not yours, and it is the single most common misunderstanding we correct with new landlord clients.
Oklahoma does not require landlord insurance by statute. In practice three other parties do:
Tell your carrier it is a rental. Leaving a rented property on a homeowners policy to save money is the fastest way to have a large claim denied.
Vacancy. Most policies restrict coverage once a property has been vacant beyond a set period, commonly around 30 or 60 days, and vandalism and water damage are usually the first things excluded. If you are between tenants, mid-renovation, or holding a property you just bought, tell us before it sits empty so we can endorse it or move it to a vacancy form.
Actual cash value on the roof. Two policies with identical limits settle a hail claim very differently. Replacement cost pays to replace the roof; actual cash value pays replacement cost minus depreciation, so an older roof can settle for a fraction of the bill. In Oklahoma many carriers move older roofs to actual cash value automatically, and on rentals they do it sooner. Check which basis your roof is on before storm season, not after.
Once you are past two or three doors it is usually worth quoting the portfolio together rather than one policy at a time. It consolidates renewal dates, often improves pricing, and makes a personal umbrella above the rentals simpler to place. Investors buying and selling regularly should also ask about how quickly a property can be added mid-term. See our real estate investor insurance page, and if the property is being renovated, builders risk is the right form during the work.
One honest limit: mixed use buildings with both commercial and residential tenants, such as a shop downstairs with apartments above, are not our specialty. Our landlord markets are built for residential rentals, so a mixed tenant building would be a commercial property quote instead. Start one on our commercial property quote form.
One application, quoted across the carriers that actually want Oklahoma rentals.
Prefer to talk? Call or text (405) 509-9433
